Santander Holdings USA (SOV) 10-Q 8 Dec 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Oct. 31, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Santander Holdings USA, Inc.
Entity Central Index Key	811,830
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Current Fiscal Year End	--12-31
Entity Current Reporting Status	No
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		530,391,043

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents		$ 2,977,783	$ 4,992,042
Investment securities:
Available-for-sale at fair value		19,418,613	20,851,495
Other investments		836,295	1,024,259
Loans held-for-investment	[1],[2]	80,570,776	79,373,792
Allowance for loan and lease losses	[2]	(3,675,268)	(3,160,711)
Net loans held-for-investment		76,895,508	76,213,081
Loans held-for-sale	[3]	3,257,158	3,183,282
Premises and equipment, net	[4]	945,454	942,372
Leased vehicles, net	[2],[5]	9,528,742	8,377,835
Accrued interest receivable	[2]	552,021	586,263
Equity method investments		258,251	266,569
Goodwill		4,444,389	4,444,389
Intangible assets, net		609,356	639,055
Bank-owned life insurance		1,738,864	1,727,096
Restricted cash	[2]	3,038,136	2,429,729
Other assets	[2],[6]	1,970,324	1,893,815
TOTAL ASSETS		126,470,894	127,571,282
LIABILITIES
Accrued expenses and payables		1,454,214	1,666,286
Deposits and other customer accounts		56,497,699	56,114,232
Borrowings and other debt obligations	[2]	46,781,939	49,086,103
Advance payments by borrowers for taxes and insurance		192,927	171,137
Deferred tax liabilities, net		617,774	353,369
Other liabilities	[2]	893,047	598,380
TOTAL LIABILITIES		106,437,600	107,989,507
STOCKHOLDER'S EQUITY
Preferred stock (no par value; $25,000 liquidation preference; 8,000,000 shares authorized and outstanding at both June 30, 2016 and December 31, 2015)		195,445	195,445
Common stock and paid-in capital (no par value; 800,000,000 shares authorized; 530,391,043 shares outstanding at both June 30, 2016 and December 31, 2015)		14,730,029	14,729,566
Accumulated other comprehensive loss		(8,301)	(139,641)
Retained earnings		2,502,558	2,351,435
TOTAL SHUSA STOCKHOLDER'S EQUITY		17,419,731	17,136,805
Noncontrolling interest		2,613,563	2,444,970
TOTAL STOCKHOLDER'S EQUITY		20,033,294	19,581,775
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY		$ 126,470,894	$ 127,571,282
[1]	Loans held-for-investment ("LHFI") includes $250.7 million and $328.7 million of loans recorded at fair value at June 30, 2016 and December 31, 2015, respectively.
[2]	The Company has interests in certain securitization trusts ("Trusts") that are considered variable interest entities ("VIEs") for accounting purposes. The Company consolidates VIEs where it is deemed the primary beneficiary. See Note 6 to these Condensed Consolidated Financial Statements for additional information.
[3]	Recorded at the fair value option ("FVO") or lower of cost or fair value.
[4]	Net of accumulated depreciation of $964.0 million and $844.5 million at June 30, 2016 and December 31, 2015, respectively.
[5]	Net of accumulated depreciation of $2.4 billion and $1.9 billion at June 30, 2016 and December 31, 2015, respectively.
[6]	Includes mortgage servicing rights ("MSRs") of $117.8 million and $147.2 million at June 30, 2016 and December 31, 2015, respectively, for which the Company has elected the FVO. See Note 8 to these Condensed Consolidated Financial Statements for additional information.

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Loans held for investment, fair value	$ 250,700,000	$ 328,700,000
Accumulated depreciation	964,000,000	844,500,000
Leased vehicles, accumulated depreciation	$ 2,406,801,000	$ 1,901,004,000
STOCKHOLDER'S EQUITY
Preferred Stock, no par value (in usd per share)
Preferred Stock, liquidation preference	$ 25,000	$ 25,000
Preferred Stock, shares authorized	7,500,000	7,500,000
Preferred Stock, shares outstanding	8,000	8,000
Common Stock, no par value (in usd per share)
Common Stock, shares authorized	800,000,000	800,000,000
Common Stock, shares outstanding	530,391,043	530,391,043
Residential mortgages
ASSETS
Mortgage servicing rights	$ 117,792,000	$ 147,233,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
INTEREST INCOME:
Loans	$ 1,844,698	$ 1,936,227	$ 3,703,751	$ 3,739,905
Interest-earning deposits	9,043	1,057	17,769	2,819
Investment securities:
Available-for-sale	79,712	77,045	172,365	154,462
Other investments	8,337	10,025	17,410	29,093
TOTAL INTEREST INCOME	1,941,790	2,024,354	3,911,295	3,926,279
INTEREST EXPENSE:
Deposits and other customer accounts	66,578	65,193	135,379	128,586
Borrowings and other debt obligations	289,769	232,382	574,421	447,857
TOTAL INTEREST EXPENSE	356,347	297,575	709,800	576,443
NET INTEREST INCOME	1,585,443	1,726,779	3,201,495	3,349,836
Provision for credit losses	597,309	965,251	1,479,588	2,018,890
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	988,134	761,528	1,721,907	1,330,946
NON-INTEREST INCOME:
Consumer fees	120,828	108,845	245,295	209,549
Commercial fees	45,620	46,141	86,914	88,826
Mortgage banking income, net	11,450	36,304	27,794	54,167
Equity method investments loss, net	(948)	(34)	(5,140)	(7,167)
Bank-owned life insurance	16,437	15,884	30,165	28,840
Lease income	460,070	339,746	881,590	653,077
Miscellaneous income (loss)	(69,201)	147,490	(111,082)	244,030
TOTAL FEES AND OTHER INCOME	584,256	694,376	1,155,536	1,271,322
Other-than-temporary impairment recognized in earnings	(34)	(1,092)	(44)	(1,092)
Net gain on sale of investment securities	31,339	10,799	57,770	20,356
Net gain recognized in earnings	31,305	9,707	57,726	19,264
TOTAL NON-INTEREST INCOME	615,561	704,083	1,213,262	1,290,586
GENERAL AND ADMINISTRATIVE EXPENSES:
Compensation and benefits	361,550	327,510	729,669	646,611
Occupancy and equipment expenses	139,570	139,613	273,243	268,779
Technology expense	58,798	45,067	103,614	87,156
Outside services	61,286	55,501	131,506	103,900
Marketing expense	20,718	17,841	39,999	32,182
Loan expense	100,884	95,007	199,529	188,804
Lease expense	322,183	253,329	615,065	494,277
Other administrative expenses	78,588	98,731	160,225	170,397
TOTAL GENERAL AND ADMINISTRATIVE EXPENSES	1,143,577	1,032,599	2,252,850	1,992,106
OTHER EXPENSES:
Amortization of intangibles	14,761	16,338	29,699	33,144
Deposit insurance premiums and other expenses	11,738	13,369	35,595	29,178
Loss on debt extinguishment	45,573	0	78,445	0
Investment expense on qualified affordable housing projects	338	35	423	84
TOTAL OTHER EXPENSES	72,410	29,742	144,162	62,406
INCOME BEFORE INCOME TAX PROVISION	387,708	403,270	538,157	567,020
Income tax provision	134,590	125,074	199,987	161,983
NET INCOME INCLUDING NONCONTROLLING INTEREST	253,118	278,196	338,170	405,037
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	108,472	105,172	179,747	146,597
NET INCOME ATTRIBUTABLE TO SANTANDER HOLDINGS USA, INC.	$ 144,646	$ 173,024	$ 158,423	$ 258,440

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
NET INCOME INCLUDING NONCONTROLLING INTEREST		$ 253,118	$ 278,196	$ 338,170	$ 405,037
OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX
Net unrealized (losses)/gains on cash flow hedge derivative financial instruments, net of tax	[1]	(14,772)	7,214	(47,299)	(7,901)
Net unrealized gains/(losses) on available-for-sale investment securities, net of tax		32,585	(88,233)	177,509	(22,243)
Pension and post-retirement actuarial gains, net of tax		565	437	1,130	1,052
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX		18,378	(80,582)	131,340	(29,092)
COMPREHENSIVE INCOME		271,496	197,614	469,510	375,945
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST		108,472	105,172	179,747	146,597
COMPREHENSIVE INCOME ATTRIBUTABLE TO SHUSA		$ 163,024	$ 92,442	$ 289,763	$ 229,348
[1]	Excludes $6.0 million and $21.7 million of other comprehensive loss attributable to non-controlling interest ("NCI"') for the three-month and six-month periods ended June 30, 2016, respectively. There was no material other comprehensive income attributable to NCI for the three-month and six-month periods ended June 30, 2015.

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Other comprehensive loss attributable to NCI	$ 6,000	$ 21,726

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDER'S EQUITY - USD ($) $ in Thousands	Total	Common Shares Outstanding	Preferred Stock	Common Stock and Paid-in Capital	Accumulated Other Comprehensive (Loss)/Income	Retained Earnings	Noncontrolling Interest	SC	SCCommon Stock and Paid-in Capital	SCNoncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2014		530,391,000
Equity, Beginning balance at Dec. 31, 2014	$ 22,727,456		$ 195,445	$ 14,729,609	$ (96,410)	$ 3,846,417	$ 4,052,395
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive (loss)/income attributable to Santander Holdings USA, Inc.	229,348				(29,092)	258,440
Comprehensive income attributable to noncontrolling interest	146,597						146,597
Net income attributable to noncontrolling interest	146,597
Impact of Santander Consumer USA Holdings Inc. stock option activity								$ 97,723		$ 97,723
Stock issued in connection with employee benefit and incentive compensation plans	1,234			1,234
Dividends paid on preferred stock	(7,300)					(7,300)
Ending balance (in shares) at Jun. 30, 2015		530,391,000
Equity, Ending balance at Jun. 30, 2015	$ 23,195,058		195,445	14,730,843	(125,502)	4,097,557	4,296,715
Beginning balance (in shares) at Dec. 31, 2015	530,391,043	530,391,000
Equity, Beginning balance at Dec. 31, 2015	$ 19,581,775		195,445	14,729,566	(139,641)	2,351,435	2,444,970
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive (loss)/income attributable to Santander Holdings USA, Inc.	289,763				131,340	158,423
Other comprehensive loss attributable to noncontrolling interest	(21,726)						(21,726)
Net income attributable to noncontrolling interest	179,747						179,747
Impact of Santander Consumer USA Holdings Inc. stock option activity								$ 10,639	$ 67	$ 10,572
Stock issued in connection with employee benefit and incentive compensation plans	396			396
Dividends paid on preferred stock	$ (7,300)					(7,300)
Ending balance (in shares) at Jun. 30, 2016	530,391,043	530,391,000
Equity, Ending balance at Jun. 30, 2016	$ 20,033,294		$ 195,445	$ 14,730,029	$ (8,301)	$ 2,502,558	$ 2,613,563

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income including noncontrolling interest	$ 338,170	$ 405,037
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	1,479,588	2,018,890
Deferred tax expense/(benefit)	180,926	(55,459)
Depreciation, amortization and accretion	439,129	168,188
Net loss/(gain) on sale of loans	175,663	(101,750)
Net gain on sale of investment securities	(57,770)	(20,356)
Gain on residential loan securitizations	0	(9,373)
Net gain on sale of leased vehicles	(399)	(21,878)
Other-than-temporary impairment (OTTI) recognized in earnings	44	1,092
Loss on debt extinguishment	78,445	0
Net loss on real estate owned and premises and equipment	2,069	108
Stock-based compensation	9,408	11,745
Equity loss on equity method investments	5,140	7,167
Originations of loans held-for-sale, net of repayments	(3,359,620)	(3,401,215)
Proceeds from sales of loans held-for-sale	2,420,356	2,690,029
Purchases of trading securities	0	(390,192)
Proceeds from sales of trading securities	0	823,801
Net change in:
Change in revolving personal loans	(310,103)	0
Other assets and bank-owned life insurance	(83,214)	231,504
Other liabilities	73,013	155,859
NET CASH PROVIDED BY OPERATING ACTIVITIES	1,390,845	2,513,197
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of available-for-sale investment securities	6,755,298	2,254,608
Proceeds from prepayments and maturities of available-for-sale investment securities	3,061,955	2,505,118
Purchases of available-for-sale investment securities	(8,115,588)	(6,982,822)
Proceeds from sales of other investments	290,449	239,155
Purchases of other investments	(94,365)	(243,912)
Net change in restricted cash	(606,245)	(1,178,079)
Proceeds from sales of loans held-for-investment	1,137,359	1,363,958
Proceeds from the sales of equity method investments	0	14,988
Distributions from equity method investments	2,918	8,004
Contributions to equity method and other investments	(14,261)	(403)
Purchases of loans held-for-investment	(96,491)	(208,592)
Net change in loans other than purchases and sales	(2,200,511)	(6,144,194)
Purchases of leased vehicles	(3,323,553)	(3,163,426)
Proceeds from the sale and termination of leased vehicles	1,128,297	1,463,580
Manufacturer incentives	786,760	657,932
Proceeds from sales of real estate owned and premises and equipment	30,974	44,759
Purchases of premises and equipment	(152,769)	(111,547)
NET CASH USED IN INVESTING ACTIVITIES	(1,409,773)	(9,480,873)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net change in deposits and other customer accounts	383,467	2,148,906
Net change in short-term borrowings	(100,000)	(5,100,000)
Net proceeds from long-term borrowings	27,502,180	27,170,548
Repayments of long-term borrowings	(24,933,677)	(22,401,878)
Proceeds from Federal Home Loan Bank (FHLB) advances (with terms greater than 3 months)	3,050,000	6,650,000
Repayments of FHLB advances (with terms greater than 3 months)	(7,913,445)	(1,585,000)
Net change in advance payments by borrowers for taxes and insurance	21,790	16,854
Cash dividends paid to preferred stockholders	(7,300)	(7,300)
Proceeds from the issuance of common stock	1,654	86,121
NET CASH (USED IN) / PROVIDED BY FINANCING ACTIVITIES	(1,995,331)	6,978,251
NET (DECREASE) / INCREASE IN CASH AND CASH EQUIVALENTS	(2,014,259)	10,575
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	4,992,042	2,201,783
CASH AND CASH EQUIVALENTS, END OF PERIOD	2,977,783	2,212,358
SUPPLEMENTAL DISCLOSURES
Income taxes received, net	(148,458)	(45,508)
Interest paid	718,434	594,632
NON-CASH TRANSACTIONS
Loans transferred to other real estate owned	27,862	16,599
Loans transferred from held-for-investment to held-for-sale, net	1,067,590	1,823,136
Unsettled sales of investment securities	0	697,057
Residential loan securitizations	$ 0	234,547
Operating leases transferred to repossessed vehicles		$ 43,504

BASIS OF PRESENTATION AND ACCOU

BASIS OF PRESENTATION AND ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND ACCOUNTING POLICIES	BASIS OF PRESENTATION AND ACCOUNTING POLICIES Introduction Santander Holdings USA, Inc. ("SHUSA") is the parent company (the "Parent Company") of Santander Bank, National Association, (the "Bank" or "SBNA"), a national banking association, and Santander Consumer USA Holdings Inc. (together with its subsidiaries, "SC"), a consumer finance company focused on vehicle finance, as well as several other subsidiaries. SHUSA is headquartered in Boston, Massachusetts and the Bank's main office is in Wilmington, Delaware. SHUSA is a wholly-owned subsidiary of Banco Santander, S.A. ("Santander"). The Bank’s primary business consists of attracting deposits and providing other retail banking services through its network of retail branches, and originating small business loans, middle market, large and global commercial loans, multifamily loans, residential mortgage loans, home equity loans and lines of credit, and auto and other consumer loans throughout the Mid-Atlantic and Northeastern areas of the United States, focused throughout Pennsylvania, New Jersey, New York, New Hampshire, Massachusetts, Connecticut, Rhode Island, and Delaware. The Bank uses its deposits, as well as other financing sources, to fund its loan and investment portfolios. SC is a specialized consumer finance company focused on vehicle finance and third-party servicing. SC's primary business is the indirect origination of retail installment contracts principally through manufacturer-franchised dealers in connection with their sale of new and used vehicles to retail consumers. Common shares of SC ("SC Common Stock") are listed for trading on the New York Stock Exchange (the "NYSE") under the trading symbol "SC." Basis of Presentation The accounting and financial reporting policies of the Company conform to accounting principles generally accepted in the United States of America ("GAAP"). These Condensed Consolidated Financial Statements include the accounts of the Company and its subsidiaries, including the Bank, SC, and certain special purpose financing trusts utilized in financing transactions that are considered variable interest entities ("VIEs"). The Company consolidates VIEs for which it is deemed the primary beneficiary. The unaudited Condensed Consolidated Financial Statements have been prepared by the Company, pursuant to Securities and Exchange Commission ("SEC") regulations. The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. All intercompany balances and transactions have been eliminated in consolidation. Where applicable, the Company's accounting policies conform to the accounting and reporting guidelines prescribed by bank regulatory authorities. In the opinion of management, the accompanying unaudited Condensed Consolidated Financial Statements reflect all adjustments necessary to present fairly the Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Operations, Condensed Consolidated Statements of Comprehensive Income, Condensed Consolidated Statements of Stockholder's Equity and Condensed Consolidated Statements of Cash Flows for the periods indicated, and contain adequate disclosure for a fair statement of this interim financial information. All adjustments are of a normal, recurring nature, except as otherwise disclosed. Significant Accounting Policies Management has identified accounting for consolidation, business combinations, the allowance for loan and lease losses ("ALLL") for originated and purchased loans and the reserve for unfunded lending commitments, loan modifications and troubled debt restructurings, goodwill, derivatives and hedge activities, and income taxes as the Company's significant accounting policies and estimates, in that they are important to the presentation of the Company's financial condition, results of operations and cash flows and the accounting estimates related thereto require management's most difficult, subjective and complex judgments as a result of the need to make estimates about the effect of matters that are inherently uncertain. These Condensed Consolidated Financial Statements should be read in conjunction with the Company's Annual Report on Form 10-K/A for the year ended December 31, 2015 . NOTE 1. BASIS OF PRESENTATION AND ACCOUNTING POLICIES (continued) Recently Adopted Accounting Policies Since January 1, 2016, the Company adopted the following Financial Accounting Standards Board ("FASB") Accounting Standards Updates ("ASUs"), none of which had a material impact to the Company's Consolidated Financial Statements: • The Company adopted ASU 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (Topic 718) on a prospective basis. This ASU was issued by the FASB in June 2014 and requires that a performance target that affects vesting, and could be achieved after the requisite service period, be treated as a performance condition. Application of existing guidance in Accounting Standards Codification ("ASC") 718 as it relates to awards with performance conditions that affect vesting should continue to be used to account for such awards. • The Company also adopted ASU 2015-01, Income Statement - Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items on a prospective basis . This ASU was issued by FASB in January 2015 and eliminates the concept of extraordinary items from GAAP, which previously required the separate classification, presentation, and disclosure of extraordinary events and transactions. • The Company also adopted ASU 2015-02, Consolidation (Topic 820): Amendments to the Consolidation Analysis, which the FASB issued in February 2015. This ASU changes the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. Specifically, this ASU modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs") or voting interest entities ("VOEs"); eliminates the presumption that a general partner should consolidate a limited partnership; potentially changes the consolidation conclusions of reporting entities that are involved with VIEs, in particular those that have fee arrangements and related party arrangements; and provides a scope exception for reporting entities with interests held in certain money market funds and similar unregistered money market funds. As the adoption did not result in any significant impact to the Company’s consolidated financial statements, it did not result in a retrospective or modified retrospective application. • The Company also adopted ASU 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share (or Its Equivalent) on a retrospective basis . This ASU removes the requirement to categorize investments fair valued using the net asset value per share practical expedient within the fair value hierarchy. It also modifies disclosure requirements to include only investments for which the entity elects to use the practical expedient rather than the prior guidance which required disclosures for all investments eligible to use the practical expedient. • The Company also adopted ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement Period Adjustments on a prospective basis . This amendment eliminates the requirement to account for adjustments to provisional amounts recognized in a business combination retrospectively. Instead, the acquirer will recognize the adjustments to provisional amounts during the period in which the adjustments are determined, including the effect on earnings of any amounts the acquirer would have recorded in previous periods if the accounting had been completed at the acquisition date. Subsequent Events The Company evaluated events from the date of the Condensed Consolidated Financial Statements on June 30, 2016 through the issuance of these Condensed Consolidated Financial Statements and has determined that there have been no material events that would require recognition in its Condensed Consolidated Financial Statements or disclosure in the Notes to the Condensed Consolidated Financial Statements for the three-month period ended June 30, 2016 other than the transaction disclosed within Note 18 of these Condensed Consolidated Financial Statements .

RECENT ACCOUNTING DEVELOPMENTS

RECENT ACCOUNTING DEVELOPMENTS	6 Months Ended
	Jun. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
RECENT ACCOUNTING DEVELOPMENTS	RECENT ACCOUNTING DEVELOPMENTS In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , superseding the revenue recognition requirements in ASC 605. This ASU requires an entity to recognize revenue for 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 amendment includes a five-step process to assist an entity in achieving the main principle(s) of revenue recognition under ASC 605. In August 2015, the FASB issued ASU 2015-14, which formalized the deferral of the effective date of the amendment for a period of one-year from the original effective date. Following the issuance of ASU 2015-14, the amendment will be effective for the Company for the first annual period ending beginning after December 15, 2017. In March 2016, the FASB also issued ASU 2016-08, an amendment to the guidance in ASU 2014-09 which revises the structure of the indicators to provide indicators of when the entity is the principal or agent in a revenue transaction, and eliminated two of the indicators (“the entity’s consideration is in the form of a commission” and “the entity is not exposed to credit risk”) in making that determination. This amendment also clarifies that each indicator may be more or less relevant to the assessment depending on the terms and conditions of the contract. In April 2016, the FASB also issued ASU 2016-10, which clarifies the implementation guidance on identifying promised goods or services and on determining whether an entity's promise to grant a license with either a right to use the entity's intellectual property (which is satisfied at a point in time) or a right to access the entity's intellectual property (which is satisfied over time). The amendments, collectively, should be applied retrospectively to each prior reporting period presented or as a cumulative effect adjustment as of the date of adoption. Early adoption of the guidance is not permitted. The Company is currently evaluating the impact of adopting ASU 2014-09 and it's related updates on the Company's financial position, results of operations and disclosures. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (Subtopic 205-40). This ASU requires management to perform an assessment of going concern and provides specific guidance on when and how to assess or disclose going concern uncertainties. The new standard also defines terms used in the evaluation of going concern, such as "substantial doubt." Following its application, the Company will be required to perform assessments at each annual and interim period, provide an assessment period of one year from the issuance date, and make disclosures in certain circumstances in which substantial doubt is identified. The amendment will be effective for the Company for the first reporting period ending after December 15, 2016. Earlier application is permitted. The Company does not expect the adoption of this ASU to have an impact on its financial position, result of operations, or disclosures. In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. This amendment requires that equity investments, except those accounted for under the equity method of accounting or which result in consolidation of the investee, be measured at fair value with changes in the fair value being recorded in net income. However, equity investments that do not have readily determinable fair values will be measured at cost less impairment, if any, plus the effect of changes resulting from observable price transactions in orderly transactions or for the identical or similar investment of the same issuer. This amendment also simplifies the impairment assessment of equity instruments that do not have readily determinable fair values, eliminates the requirement to disclose methods and assumptions used to estimate fair value of instruments measured at their amortized cost on the balance sheet, requires that the disclosed fair values of financial instruments represent "exit price," requires entities to separately present in other comprehensive income the portion of the total change in fair value of a liability resulting from instrument-specific credit risk when the FVO has been elected for that liability, requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or in the accompanying notes, and clarifies that an entity should evaluate the need for a valuation allowance on its deferred tax asset related to its available-for-sale securities in combination with its other deferred tax assets. This amendment will be effective for the Company for the first reporting period beginning after December 15, 2017, with earlier adoption permitted by public entities on a limited basis. Adoption of this amendment must be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption, except for amendments related to equity instruments that do not have readily determinable fair values for which it should be applied prospectively. The Company is in the process of evaluating the impacts of the adoption of this ASU. NOTE 2. RECENT ACCOUNTING DEVELOPMENTS (continued) In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The guidance in this update supersedes the current lease accounting guidance for both the lessees and lessors under ASC 840, Leases. This new guidance requires lessees to evaluate whether a lease is a finance lease using criteria that are similar to what lessees use today to determine whether they have a capital lease. Leases not classified as finance leases are classified as operating leases. This classification will determine whether the lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. The lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for under an approach similar to today’s guidance for operating leases. This new guidance will require lessors to account for leases using an approach that is substantially similar to the existing guidance for sales-type, direct financing leases and operating leases. This new guidance will be effective for the Company for the first reporting period beginning after December 15, 2018, with earlier adoption permitted. Adoption of the amendment must be applied on a modified retrospective approach. The Company is in the process of evaluating the impacts of the adoption of this ASU. In March 2016, the FASB issued ASU 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships. The new guidance clarifies that a change in the counterparties to a derivative contract (i.e. a novation), in and of itself does not require the de-designation of a hedging relationship. An entity will, however, still need to evaluate whether it is probable that the counterparty will perform under the contract as part of its ongoing effectiveness assessment for hedge accounting. This new guidance will be effective for the Company for the first reporting period beginning after December 15, 2016, with earlier adoption permitted. Adoption of the new guidance can be applied on a modified retrospective or prospective basis. The Company is in the process of evaluating the impacts of the adoption of this ASU. In March 2016, the FASB issued ASU 2016-06, Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments . This new guidance clarifies that an exercise contingency does not need to be evaluated to determine whether it relates to interest rates and credit risk in an embedded derivative analysis of hybrid financial instruments. In other words, a contingent put or call option embedded in a debt instrument would be evaluated for possible separate accounting as a derivative instrument without regard to the nature of the exercise contingency. However, as required under existing guidance, companies will still need to evaluate other relevant embedded derivative guidance, such as whether the payoff from the contingent put or call option is adjusted based on changes in an index other than interest rates or credit risk, and whether the debt involves a substantial premium or discount. The new guidance will be effective for the Company for the first reporting period beginning after December 15, 2016, with earlier adoption permitted. The new guidance is required to be adopted on a modified retrospective basis to all existing and future debt instruments. The Company is in the process of evaluating the impacts of the adoption of this ASU. In March 2016, the FASB issued ASU 2016-07, Investments-Equity Method and Joint Ventures (Topic 323) . This new guidance eliminates the requirement to apply the equity method of accounting retrospectively when a reporting entity obtains significant influence over a previously held investment. Instead, the equity method of accounting should be applied prospectively from the date significant influence is obtained. Investors should add the cost of acquiring the additional interest in the investee (if any) to the current basis of their previously held interest. This new standard also provides specific guidance for available-for-sale securities that become eligible for the equity method of accounting. In those cases, any unrealized gain or loss recorded within accumulated other comprehensive income should be recognized in earnings at the date the investment initially qualifies for the use of the equity method of accounting. This new guidance will be effective for the Company for the first reporting period beginning after December 15, 2016, with earlier adoption permitted. Adoption of this new guidance can be applied only a prospective basis for investments that qualify for the equity method of accounting after the effective date. The Company is in the process of evaluating the impacts of the adoption of this ASU. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718) . This new guidance simplifies certain aspects related to income taxes, the Statement of Cash Flows ("SCF"), and forfeitures when accounting for share-based payment transactions. This new guidance will be effective for the Company for the first reporting period beginning after December 15, 2016, with earlier adoption permitted. Certain of the amendments related to timing of the recognition of tax benefits and tax withholding requirements should be applied using a modified retrospective transition method. Amendments related to the presentation of the SCF should be applied retrospectively. All other provisions may be applied on a prospective or modified retrospective basis. The Company is in the process of evaluating the impacts of the adoption of this ASU. NOTE 2. RECENT ACCOUNTING DEVELOPMENTS (continued) In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments . This new guidance significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. This standard will replace today’s “incurred loss” approach with an “expected loss” model for instruments measured at amortized cost. For available-for-sale debt securities, entities will be required to record allowances rather than reduce the carrying amount, as they do today under the other-than-temporary impairment model. It also simplifies the accounting model for purchased credit-impaired debt securities and loans. The new guidance will be effective for the Company for the first reporting period beginning after December 15, 2019, with earlier adoption permitted. Adoption of the new guidance can be applied only on a prospective basis as a cumulative-effect adjustment to retained earnings. The Company is in the process of evaluating the impacts of the adoption of this ASU. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments. The amendments in this Update provide guidance on several specific cash flow issues. The guidance will be effective for the fiscal year beginning after December 15, 2017, including interim periods within that year. Early adoption is permitted, including adoption in an interim period, however any adjustments should be reflected as of the beginning of the fiscal year that includes the period of adoption. All of the amended guidance must be adopted in the same period. The Company is in the process of evaluating the impacts of the adoption of this ASU. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740), Intra-Entity Transfers of Assets Other Than Inventory . The amendments in this Update eliminate the exception for an intra-entity transfer of an asset other than inventory. The guidance will be effective for the Company for annual reporting periods beginning after December 15, 2017, including interim reporting periods. Early adoption is permitted at the beginning of an annual reporting period for which annual or interim financial statements have not been issued or made available for issuance. The Company is in the process of evaluating the impacts of the adoption of this ASU. In October 2016, the FASB issued ASU 2016-17, Consolidation (Topic 810), Interest Held Through Related Parties That Are Under Common Control. The amendments in this Update will change the evaluation of whether a reporting entity is the primary beneficiary of a VIE by changing how a reporting entity that is a single decision maker of a VIE treats indirect interests in the entity held through related parties that are under common control with the reporting entity. The guidance will be effective for the fiscal year beginning after December 15, 2016, including interim periods within that year. The Company is in the process of evaluating the impacts of the adoption of this ASU. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (A consensus of the FASB Emerging Issues Task Force), which requires that the statement of cash flows include restricted cash in the beginning and end-of-period total amounts shown on the statement of cash flows and that the statement of cash flows explain changes in restricted cash during the period. The guidance will be effective for the Company for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted, however, adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Company does not expect the adoption of this ASU to have an impact on its financial position or result of operations and expects the impact to be disclosure only.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES Investments Available-for-sale Investment Securities Summary - Available-for-sale The following tables present the amortized cost, gross unrealized gains and losses and approximate fair values of securities available-for-sale at the dates indicated: June 30, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Loss Fair Value (in thousands) U.S. Treasury securities $ 2,004,639 $ 114 $ — $ 2,004,753 Asset-backed securities ("ABS") 1,931,093 10,380 (1,630 ) 1,939,843 Equity securities 11,030 7 (238 ) 10,799 State and municipal securities 33 — — 33 Mortgage-backed securities ("MBS"): U.S. government agencies - Residential 6,073,061 67,550 (9,880 ) 6,130,731 U.S. government agencies - Commercial 995,610 20,841 (1,295 ) 1,015,156 FHLMC and FNMA - Residential debt securities (1) 8,240,765 89,550 (37,620 ) 8,292,695 FHLMC and FNMA - Commercial debt securities 23,948 633 (8 ) 24,573 Non-agency securities 30 — — 30 Total investment securities available-for-sale $ 19,280,209 $ 189,075 $ (50,671 ) $ 19,418,613 (1) Federal Home Loan Mortgage Corporation ("FHLMC") and Federal National Mortgage Association ("FNMA") December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Loss Fair Value (in thousands) U.S. Treasury securities $ 3,192,411 $ 1,658 $ (5,681 ) $ 3,188,388 Corporate debt securities 1,476,801 10,021 (11,248 ) 1,475,574 Asset-backed securities 1,763,178 7,826 (1,494 ) 1,769,510 Equity securities 10,894 1 (408 ) 10,487 State and municipal securities 748,696 19,616 (432 ) 767,880 Mortgage-backed securities: U.S. government agencies - Residential 4,033,041 10,225 (36,513 ) 4,006,753 U.S. government agencies - Commercial 1,006,161 3,347 (7,153 ) 1,002,355 FHLMC and FNMA - Residential debt securities 8,636,745 10,556 (153,128 ) 8,494,173 FHLMC and FNMA - Commercial debt securities 138,094 723 (2,487 ) 136,330 Non-agency securities 45 — — 45 Total investment securities available-for-sale $ 21,006,066 $ 63,973 $ (218,544 ) $ 20,851,495 The Company continuously evaluates its investment strategies in light of changes in the regulatory and market environments that could have an impact on capital and liquidity. Based on this evaluation, it is reasonably possible that the Company may elect to pursue other strategies relative to its investment securities portfolio. During the second quarter of 2015 , the Company sold $234.5 million of qualifying residential loans to FHLMC in return for $243.9 million of mortgage-backed securities ("MBS") issued by FHLMC resulting in a net realized gain on sale of $9.8 million which is included in Mortgage banking income, net line of the Company's Condensed Consolidated Statement of Operations . NOTE 3. INVESTMENT SECURITIES (continued) As of June 30, 2016 and December 31, 2015 , the Company had investment securities available-for-sale with an estimated fair value of $7.1 billion and $3.5 billion , respectively, pledged as collateral, which was comprised of the following: $5.1 billion and $2.9 billion , respectively, were pledged to secure public fund deposits; $1.6 billion and $117.6 million , respectively, were pledged to various independent parties to secure repurchase agreements, support hedging relationships, and for recourse on loan sales; and $384.7 million and $395.8 million , respectively, were pledged to secure the Company's customer overnight sweep product. At June 30, 2016 and December 31, 2015 , the Company had $40.2 million and $65.1 million , respectively, of accrued interest related to investment securities which is included in the Accrued interest receivable line of the Company's Condensed Consolidated Balance Sheet . The Company's state and municipal bond portfolio primarily consists of general obligation bonds of states, cities, counties and school districts. In March 2016, the Company decided to sell a significant portion of the municipal bond portfolio to reduce non-high quality liquid assets ("HQLA"), and to take gains to help cover the early terminations charges taken on Federal Home Loan Bank ("FHLB") advances. Contractual Maturity of Debt Securities Contractual maturities of the Company’s debt securities available-for-sale at June 30, 2016 are as follows: Amortized Cost Fair Value (in thousands) Due within one year $ 2,580,420 $ 2,581,612 Due after 1 year but within 5 years 1,172,853 1,181,727 Due after 5 years but within 10 years 246,986 249,266 Due after 10 years 15,268,920 15,395,209 Total $ 19,269,179 $ 19,407,814 Actual maturities may differ from contractual maturities when there is a right to call or prepay obligations with or without call or prepayment penalties. Gross Unrealized Loss and Fair Value of Securities Available-for-Sale The following tables present the aggregate amount of unrealized losses as of June 30, 2016 and December 31, 2015 on securities in the Company’s available-for-sale investment portfolio classified according to the amount of time that those securities have been in a continuous loss position: June 30, 2016 Less than 12 months 12 months or longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (in thousands) Asset-backed securities $ 346,390 $ (766 ) $ 60,299 $ (864 ) $ 406,689 $ (1,630 ) Equity securities — — 10,112 (238 ) 10,112 (238 ) Mortgage-backed securities: U.S. government agencies - Residential 954,360 (6,538 ) 589,955 (3,342 ) 1,544,315 (9,880 ) U.S. government agencies - Commercial — — 112,214 (1,295 ) 112,214 (1,295 ) FHLMC and FNMA - Residential debt securities 172,139 (421 ) 2,077,045 (37,199 ) 2,249,184 (37,620 ) FHLMC and FNMA - Commercial debt securities 471 (8 ) — — 471 (8 ) Total $ 1,473,360 $ (7,733 ) $ 2,849,625 $ (42,938 ) $ 4,322,985 $ (50,671 ) NOTE 3. INVESTMENT SECURITIES (continued) December 31, 2015 Less than 12 months 12 months or longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (in thousands) U.S. Treasury securities $ 2,243,343 $ (5,681 ) $ — $ — $ 2,243,343 $ (5,681 ) Corporate debt securities 775,366 (5,269 ) 152,486 (5,979 ) 927,852 (11,248 ) Asset-backed securities 300,869 (1,083 ) 35,126 (411 ) 335,995 (1,494 ) Equity securities 596 (7 ) 9,748 (401 ) 10,344 (408 ) State and municipal securities 15,665 (119 ) 26,024 (313 ) 41,689 (432 ) Mortgage-backed securities: U.S. government agencies - Residential 1,670,150 (11,164 ) 954,916 (25,349 ) 2,625,066 (36,513 ) U.S. government agencies - Commercial 367,706 (3,382 ) 114,038 (3,771 ) 481,744 (7,153 ) FHLMC and FNMA - Residential debt securities 4,650,327 (38,013 ) 2,127,962 (115,115 ) 6,778,289 (153,128 ) FHLMC and FNMA - Commercial debt securities 115,347 (2,487 ) — — 115,347 (2,487 ) Total $ 10,139,369 $ (67,205 ) $ 3,420,300 $ (151,339 ) $ 13,559,669 $ (218,544 ) OTTI Management evaluates all investment securities in an unrealized loss position for OTTI on at least a quarterly basis. Individual securities are further assessed for OTTI as deemed necessary. An unrealized loss exists when the current fair value of an individual security is less than its amortized cost basis. The OTTI assessment is a subjective process requiring the use of judgments and assumptions. During the securities-level assessments, consideration is given to (1) the intent not to sell and probability that the Company will not be required to sell the security before recovery of its cost basis to allow for any anticipated recovery in fair value, (2) the financial condition and near-term prospects of the issuer, as well as company news and current events, and (3) the ability to collect the future expected cash flows. Key assumptions utilized to forecast expected cash flows may include loss severity, expected cumulative loss percentage, cumulative loss percentage to date, weighted average Fair Isaac Corporation ("FICO ® ") scores and weighted average loan-to-value ("LTV") ratio, rating or scoring, credit ratings and market spreads, as applicable. The Company assesses and recognizes OTTI in accordance with applicable accounting standards. Under these standards, if the Company determines that impairment on its debt securities exists and it has made the decision to sell the security or it is more likely than not that the Company will be required to sell the security prior to recovery of its amortized cost basis, it recognizes the entire portion of the unrealized loss in earnings. If the Company has not made a decision to sell the security and it does not expect that it will be required to sell the security prior to the recovery of the amortized cost basis but the Company has determined that OTTI exists, it recognizes the credit-related portion of the decline in value of the security in earnings. The Company did not record any material OTTI in earnings related to its investment securities in the three-month and six-month periods ended June 30, 2016 . During the second quarter of 2015 , the Company implemented a strategy to improve the Bank's liquidity by selling non-HQLA and reinvesting the funds into high-quality-liquid assets. At June 30, 2015 , nine securities with a book value of $377.0 million in an unrealized loss position had not yet been sold. Because the Company could no longer assert that it did not have the intent to sell these securities, the Company determined that the impairment was other-than-temporary. As a result, these securities were written down to fair value, resulting in a $1.1 million OTTI charge. Management has concluded that the unrealized losses on its debt and equity securities for which it has not recognized OTTI (which were comprised of 162 individual securities at June 30, 2016 ) are temporary in nature since (1) they are not related to the underlying credit quality of the issuers, (2) the entire contractual principal and interest due on these securities is currently expected to be recoverable, (3) the Company does not intend to sell these investments at a loss and (4) it is more likely than not that the Company will not be required to sell the investments before recovery of the amortized cost basis, which for the Company's debt securities, may be at maturity. Accordingly, the Company has concluded that the impairment on these securities is not other-than-temporary. NOTE 3. INVESTMENT SECURITIES (continued) Gains (Losses) and Proceeds on Sales of Securities Proceeds from sales of investment securities and the realized gross gains and losses from those sales are as follows: Three-Month Period Six-Month Period 2016 2015 2016 2015 (in thousands) Proceeds from the sales of available-for-sale securities $ 3,319,454 $ 1,244,093 $ 6,755,298 $ 2,254,608 Gross realized gains $ 33,622 $ 12,277 $ 60,328 $ 23,059 Gross realized losses (2,283 ) (1,478 ) (2,558 ) (2,703 ) OTTI (34 ) (1,092 ) (44 ) (1,092 ) Net realized gains $ 31,305 $ 9,707 $ 57,726 $ 19,264 The Company uses the specific identification method to determine the cost of the securities sold and the gain or loss recognized. The Company recognized $31.3 million and $57.7 million for the three-month and six-month periods ended June 30, 2016 , respectively, in net gains on sale of investment securities as a result of overall balance sheet and interest rate risk management. The net gain realized for the three-month period ended June 30, 2016 was primarily comprised of the sale of corporate debt securities with a book value of $1.4 billion for a gain of $5.9 million , and the sale of mortgage backed securities ("MBS"), including Federal Home Loan Mortgage Corporation ("FHLMC") residential debt securities and collateralized mortgage obligations, with a book value of $1.3 billion for a gain of $24.7 million . The net gain realized for the six-month period ended June 30, 2016 was primarily comprised of the sale of U.S. Treasury securities with a book value of $3.2 billion for a gain of $7.0 million , the sale of corporate debt securities with a book value of $1.4 billion for a gain of $5.9 million , the sale of MBS, including FHLMC residential debt securities and CMOs, with a book value of $1.3 billion for a gain of $24.7 million , and the sale of state and municipal securities with a book value of $748.0 million for a gain of $19.9 million . The Company recognized $9.7 million and $19.3 million for the three-month and six-month periods ended June 30, 2015 , respectively, in net gains on sale of investment securities as a result of overall balance sheet and interest rate risk management. The net gain realized for the three-month period ended June 30, 2015 was primarily comprised of the sale of state and municipal securities with a book value of $116.1 million for a gain of $2.9 million , the sale of corporate debt securities with a book value of $453.9 million for a gain of $6.7 million , and the sale of asset-backed securities ("ABS") with a book value of $264.3 million for a gain of $1.2 million , offset by OTTI of $1.1 million . The net gain for the six-month period ended June 30, 2015 was primarily comprised of the sale of state and municipal securities with a book value of $421.5 million for a gain of $12.1 million , the sale of corporate debt securities with a book value of $453.9 million for a gain of $6.7 million , and the sale of ABS with a book value of $264.3 million for a gain of $1.2 million , offset by OTTI of $1.1 million . Other Investments Other investments primarily include the Company's investment in the stock of the FHLB of Pittsburgh and the Federal Reserve Bank (the "FRB") with aggregate carrying amounts of $801.8 million and $997.9 million as of June 30, 2016 and December 31, 2015 , respectively. The stocks do not have readily determinable fair values because their ownership is restricted and they lack a market. The stocks can be sold back only at their par value of $100 per share and only to FHLBs or to another member institution. Accordingly, these stocks are carried at cost. During the three-month and six-month periods ended June 30, 2016 , the Company purchased $19.4 million and $94.4 million of FHLB stock at par, respectively, and redeemed $170.3 million and $290.4 million of FHLB stock at par, respectively. During the three-month and six-month periods ended June 30, 2016 , the Company did not purchase any FRB stocks. There was no gain or loss associated with these redemptions. Other investments also include $34.5 million and $26.4 million of low income housing tax credit ("LIHTC") investments as of June 30, 2016 and December 31, 2015 , respectively. The Company evaluates these investments for impairment based on the ultimate recoverability of the carrying value, rather than by recognizing temporary declines in value.

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	6 Months Ended
	Jun. 30, 2016
Loans and Leases Receivable Disclosure [Abstract]
LOANS AND ALLOWANCE FOR CREDIT LOSSES	LOANS AND ALLOWANCE FOR CREDIT LOSSES Overall The Company's loans are reported at their outstanding principal balances net of any unearned income, cumulative charge-offs, unamortized deferred fees and costs and unamortized premiums or discounts. The Company maintains an ACL to provide for losses inherent in its portfolios. Certain loans are pledged as collateral for borrowings, securitizations, or special purpose entities ("SPEs"). These loans totaled $54.3 billion at June 30, 2016 and $59.3 billion at December 31, 2015 . Loans that the Company intends to sell are classified as loans held-for-sale ("LHFS"). The LHFS portfolio balance at June 30, 2016 was $3.3 billion , compared to $3.2 billion at December 31, 2015 . LHFS in the residential mortgage portfolio are reported at fair value. All other LHFS are accounted for at the lower of cost or fair value. For a discussion on the valuation of LHFS at fair value, see Note 16 to the Condensed Consolidated Financial Statements . During the third quarter of 2015, the Company determined that it no longer intended to hold certain personal lending assets at SC for investment. The Company adjusted the ACL associated with SC's personal loan portfolio to value the portfolio at the lower of cost or market. Upon transfer of the loans to Held for Sale, the release of the ACL was reflected as a charge off. Future loan originations and purchases under SC’s personal lending platform will also be classified as held for sale. As of June 30, 2016 , the carrying value of the personal unsecured held-for-sale portfolio was $970.7 million . On February 1, 2016 , SC completed the sale of assets from the personal unsecured held-for-sale portfolio to a third party for an immaterial gain to the unpaid principal balance (“UPB”). The balance of the loans associated with this sale was $869.3 million . Interest income on loans is accrued based on the contractual interest rate and the principal amount outstanding, except for those loans classified as non-accrual. At June 30, 2016 and December 31, 2015 , accrued interest receivable on the Company's loans was $511.8 million and $521.1 million , respectively. Interest is accrued when earned in accordance with the terms of the retail installment contract. The accrual of interest is discontinued and reversed once a retail installment contract becomes 60 days past due, and is resumed and reinstated if a delinquent account subsequently becomes 60 days or less past due. A Chrysler Capital retail installment contract is considered current if the borrower has made all prior payments in full and at least 90% of the payment currently due, and a non-Chrysler Capital retail installment contract is considered current if the borrower has made all prior payments in full and at least 50% of the payment currently due. Payments generally are applied to fees first, then interest, then principal, regardless of a contract's accrual status. Retail installment contracts acquired individually are charged off against the allowance in the month in which the account becomes 120 days contractually delinquent if the Company has not repossessed the related vehicle. The Company charges off accounts in repossession when the automobile is repossessed and legally available for disposition. A net charge off represents the difference between the estimated net sales proceeds and the Company's recorded investment in the related contract. NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) Loan and Lease Portfolio Composition The following table presents the composition of the gross loans and leases held-for-investment by type of loan and by fixed and variable rates at the dates indicated: June 30, 2016 December 31, 2015 Amount Percent Amount Percent (dollars in thousands) Commercial loans held-for-investment: Commercial real estate loans $ 9,252,743 11.5 % $ 8,722,917 11.0 % Commercial and industrial loans 19,615,226 24.3 % 19,787,834 24.9 % Multifamily loans 9,225,985 11.5 % 9,438,463 11.9 % Other commercial (2) 3,006,362 3.7 % 2,676,506 3.4 % Total commercial loans held-for-investment 41,100,316 51.0 % 40,625,720 51.2 % Consumer loans secured by real estate: Residential mortgages 6,227,307 7.7 % 6,230,995 7.8 % Home equity loans and lines of credit 6,078,463 7.6 % 6,151,232 7.7 % Total consumer loans secured by real estate 12,305,770 15.3 % 12,382,227 15.5 % Consumer loans not secured by real estate: Retail installment contracts and auto loans - originated 20,903,940 25.9 % 18,539,588 23.4 % Retail installment contracts and auto loans - purchased 4,629,815 5.8 % 6,108,210 7.7 % Personal unsecured loans 722,215 0.9 % 685,467 0.9 % Other consumer (3) 908,720 1.1 % 1,032,580 1.3 % Total consumer loans 39,470,460 49.0 % 38,748,072 48.8 % Total loans held-for-investment (1) $ 80,570,776 100.0 % $ 79,373,792 100.0 % Total loans held-for-investment: Fixed rate $ 47,126,419 58.5 % $ 46,721,562 58.9 % Variable rate 33,444,357 41.5 % 32,652,230 41.1 % Total loans held-for-investment (1) $ 80,570,776 100.0 % $ 79,373,792 100.0 % (1) Total loans held-for-investment includes deferred loan fees, net of deferred origination costs and unamortized purchase premiums, net of discounts as well as purchase accounting adjustments. These items resulted in a net increase in the loan balances of $467.3 million and $26.3 million as of June 30, 2016 and December 31, 2015 , respectively. (2) Other commercial primarily includes commercial equipment vehicle financing ("CEVF") leveraged leases and loans. (3) Other consumer primarily includes recreational vehicles ("RV") and marine loans. Portfolio segments and classes GAAP requires that entities disclose information about the credit quality of their financing receivables at disaggregated levels, specifically defined as “portfolio segments” and “classes,” based on management’s systematic methodology for determining the ACL. The Company utilizes an alternate categorization, compared to the financial statement categorization of loans, to model and calculate the ACL and track the credit quality, delinquency and impairment status of the underlying loan populations. In disaggregating its financing receivables portfolio, the Company’s methodology begins with the commercial and consumer segments. The commercial segmentation reflects line of business distinctions. The three commercial real estate lines of business distinctions include “Corporate banking,” which includes commercial and industrial owner-occupied real estate, “Middle market real estate,” which represents the portfolio of specialized lending for investment real estate, including financing for continuing care retirement communities and “Santander real estate capital”, which is the commercial real estate portfolio of the specialized lending group. "Commercial and industrial" includes non-real estate-related commercial and industrial loans. "Multifamily" represents loans for multifamily residential housing units. “Other commercial” primarily represents the commercial equipment vehicle financing ("CEVF") business. NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) The following table reconciles the Company's recorded investment classified by its major portfolio classifications to its commercial loan classifications utilized in its determination of the ALLL and other credit quality disclosures at June 30, 2016 and December 31, 2015 , respectively: Commercial Portfolio Segment (2) Major Loan Classifications (1) June 30, 2016 December 31, 2015 (in thousands) Commercial loans held for investment: Commercial real estate: Corporate Banking $ 2,885,532 $ 2,949,089 Middle Market Real Estate 4,872,407 4,223,359 Santander Real Estate Capital 1,494,804 1,550,469 Total commercial real estate 9,252,743 8,722,917 Commercial and industrial (3) 19,615,226 19,787,834 Multifamily 9,225,985 9,438,463 Other commercial 3,006,362 2,676,506 Total commercial LHFI $ 41,100,316 $ 40,625,720 (1) These represent the Company's loan categories based on the SEC Regulation S-X, Article 9. (2) These represent the Company's loan classes used to determine its ALLL. (3) Commercial and industrial loans excluded $464.3 million of LHFS at June 30, 2016 and excluded $86.4 million of LHFS at December 31, 2015 . The Company's portfolio segments are substantially the same as its financial statement categorization of loans for the consumer loan populations. “Residential mortgages” includes mortgages on residential property including single family and 1-4 family units. "Home equity loans and lines of credit” include all organic home equity contracts and purchased home equity portfolios. "RIC and auto loans" includes the Company's direct automobile loan portfolios, but excludes recreational vehicle ("RV") and marine retail installment contracts ("RICs"). "Personal unsecured loans" includes personal revolving loans and credit cards. “Other consumer” includes an acquired portfolio of marine RICs and RV contracts as well as indirect auto loans. In accordance with the Company's accounting policy when establishing the collective ACL for originated loans, the Company's estimate of losses on recorded investment includes the estimate of the related net discount balance that is expected at the time of charge-off, while it considers the entire discount for loan portfolios purchased at a discount as available to absorb the credit losses when determining the ACL specific to these portfolios. For these loans, the Company records provisions for credit losses when incurred losses exceed the unaccreted purchase discount. This accounting policy is not applicable for the purchased loan portfolios acquired with evidence of credit deterioration, on which we elected to apply the FVO. Consumer Portfolio Segment (2) Major Loan Classifications (1) June 30, 2016 December 31, 2015 (in thousands) Consumer loans secured by real estate: Residential mortgages (3) $ 6,227,307 $ 6,230,995 Home equity loans and lines of credit 6,078,463 6,151,232 Total consumer loans secured by real estate 12,305,770 12,382,227 Consumer loans not secured by real estate: Retail installment contracts and auto loans - originated (4) 20,903,940 18,539,588 Retail installment contracts and auto loans - purchased (4) 4,629,815 6,108,210 Personal unsecured loans (5) 722,215 685,467 Other consumer 908,720 1,032,580 Total consumer loans held-for-investment $ 39,470,460 $ 38,748,072 (1) These represent the Company's loan categories based on the SEC's Regulation S-X, Article 9. (2) These represent the Company's loan classes used to determine its ALLL. (3) Residential mortgages exclude $345.2 million and $236.8 million of LHFS at June 30, 2016 and December 31, 2015 , respectively. (4) RIC and auto loans exclude $1.5 billion and $905.7 million of LHFS at June 30, 2016 and December 31, 2015 , respectively. (5) Personal unsecured loans exclude $970.7 million and $2.0 billion of LHFS at June 30, 2016 and December 31, 2015 , respectively. NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) The RICs and auto loan portfolio is comprised of: (1) RICs originated by SC prior to the first quarter 2014 change in control and consolidation of SC (the “Change in Control"), (2) RICs originated by SC after the Change in Control, and (3) auto loans originated by SBNA. The composition of the portfolio segment is as follows: June 30, 2016 December 31, 2015 (in thousands) RICs - Purchased: UPB (1) $ 5,063,379 $ 6,709,748 UPB - FVO (2) 72,082 140,995 Total UPB 5,135,461 6,850,743 Purchase Marks (3) (505,646 ) (742,533 ) Total RICs - Purchased 4,629,815 6,108,210 RICs - Originated: UPB (1) 21,439,684 19,069,801 Net discount (552,994 ) (548,057 ) Total RICs - Originated 20,886,690 18,521,744 SBNA auto loans 17,250 17,844 Total RICs originated post-change in control 20,903,940 18,539,588 Total RICs and auto loans $ 25,533,755 $ 24,647,798 (1) UPB does not include amounts related to the loan receivables - unsecured and loan receivables from dealers due to the short-term and revolving nature of these receivables. (2) The Company elected to account for these loans, which were acquired with evidence of credit deterioration, under the FVO. (3) Includes purchase marks of $16.5 million and $33.1 million as of June 30, 2016 and December 31, 2015, respectively, related to purchased loan portfolios on which we elected to apply the FVO. NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) ACL Rollforward by Portfolio Segment The activity in the ACL by portfolio segment for the three-month and six-month periods ended June 30, 2016 and 2015 was as follows: Three-Month Period Ended June 30, 2016 Commercial Consumer Unallocated Total (in thousands) Allowance for loan and lease losses, beginning of period $ 531,850 $ 2,903,425 $ 45,328 $ 3,480,603 (Recovery of)/Provision for loan losses (20,841 ) 634,784 — 613,943 Charge-offs (32,533 ) (1,019,659 ) — (1,052,192 ) Recoveries 21,223 611,691 — 632,914 Charge-offs, net of recoveries (11,310 ) (407,968 ) — (419,278 ) Allowance for loan and lease losses, end of period $ 499,699 $ 3,130,241 $ 45,328 $ 3,675,268 Reserve for unfunded lending commitments, beginning of period $ 172,008 $ — $ — $ 172,008 Provision for unfunded lending commitments (16,634 ) — — (16,634 ) Loss on unfunded lending commitments (166 ) — — (166 ) Reserve for unfunded lending commitments, end of period 155,208 — — 155,208 Total allowance for credit losses, end of period $ 654,907 $ 3,130,241 $ 45,328 $ 3,830,476 Six-Month Period Ended June 30, 2016 Commercial Consumer Unallocated Total (in thousands) Allowance for loan and lease losses, beginning of period $ 435,717 $ 2,679,666 $ 45,328 $ 3,160,711 Provision for loan and lease losses 90,193 1,381,418 — 1,471,611 Charge-offs (72,849 ) (2,149,073 ) — (2,221,922 ) Recoveries 46,638 1,218,230 — 1,264,868 Charge-offs, net of recoveries (26,211 ) (930,843 ) — (957,054 ) Allowance for loan and lease losses, end of period $ 499,699 $ 3,130,241 $ 45,328 $ 3,675,268 Reserve for unfunded lending commitments, beginning of period $ 147,396 $ — $ — $ 147,396 Provision for unfunded lending commitments 7,977 — — 7,977 Loss on unfunded lending commitments (165 ) — — (165 ) Reserve for unfunded lending commitments, end of period 155,208 — — 155,208 Total allowance for credit losses, end of period $ 654,907 $ 3,130,241 $ 45,328 $ 3,830,476 Ending balance, individually evaluated for impairment (1) $ 129,084 $ 1,226,748 $ — $ 1,355,832 Ending balance, collectively evaluated for impairment 370,615 1,903,493 45,328 2,319,436 Financing receivables: Ending balance $ 41,564,581 $ 42,263,353 $ — $ 83,827,934 Ending balance, evaluated under the fair value option or lower of cost or fair value (2) 464,265 3,043,596 — 3,507,861 Ending balance, individually evaluated for impairment (1) 628,642 4,814,931 — 5,443,573 Ending balance, collectively evaluated for impairment 40,471,674 34,404,826 — 74,876,500 (1) Consists primarily of loans in TDR status (2) Represents LHFS and those loans for which the Company has elected the FVO. NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) Three-Month Period Ended June 30, 2015 Commercial Consumer Unallocated Total (in thousands) Allowance for loan and lease losses, beginning of period $ 413,014 $ 1,796,974 $ 71,299 $ 2,281,287 Provision for / (Recovery of) loan losses 13,353 941,605 293 955,251 Charge-offs (31,846 ) (879,302 ) — (911,148 ) Recoveries 8,174 501,089 — 509,263 Charge-offs, net of recoveries (23,672 ) (378,213 ) — (401,885 ) Allowance for loan and lease losses, end of period $ 402,695 $ 2,360,366 $ 71,592 $ 2,834,653 Reserve for unfunded lending commitments, beginning of period $ 127,641 $ — $ — $ 127,641 Provision for unfunded lending commitments 10,000 — — 10,000 Loss on unfunded lending commitments — — — — Reserve for unfunded lending commitments, end of period 137,641 — — 137,641 Total allowance for credit losses, end of period $ 540,336 $ 2,360,366 $ 71,592 $ 2,972,294 Six-Month Period Ended June 30, 2015 Commercial Consumer Unallocated Total (in thousands) Allowance for loan and lease losses, beginning of period $ 401,553 $ 1,267,025 $ 33,024 $ 1,701,602 Provision for loan and lease losses 38,153 1,937,169 38,568 2,013,890 Other (1) — (27,117 ) — (27,117 ) Charge-offs (51,184 ) (1,822,278 ) — (1,873,462 ) Recoveries 14,173 1,005,567 — 1,019,740 Charge-offs, net of recoveries (37,011 ) (816,711 ) — (853,722 ) Allowance for loan and lease losses, end of period $ 402,695 $ 2,360,366 $ 71,592 $ 2,834,653 Reserve for unfunded lending commitments, beginning of period $ 132,641 $ — $ — $ 132,641 Provision for unfunded lending commitments 5,000 — — 5,000 Loss on unfunded lending commitments — — — — Reserve for unfunded lending commitments, end of period 137,641 — — 137,641 Total allowance for credit losses, end of period $ 540,336 $ 2,360,366 $ 71,592 $ 2,972,294 Ending balance, individually evaluated for impairment (2) $ 60,139 $ 594,600 $ — $ 654,739 Ending balance, collectively evaluated for impairment 342,556 1,765,766 71,592 2,179,914 Financing receivables: Ending balance $ 39,001,911 $ 42,273,367 $ — $ 81,275,278 Ending balance, evaluated under the fair value option or lower of cost or fair value (3) 1,012 2,379,729 — 2,380,741 Ending balance, individually evaluated for impairment (2) 407,208 3,780,458 — 4,187,666 Ending balance, collectively evaluated for impairment 38,593,691 36,113,180 — 74,706,871 (1) The "Other" amount represents the impact on the ALLL in connection with SC classifying approximately $1.0 billion of RICs as held-for-sale during the first quarter of 2015. (2) Consists primarily of loans in TDR status. (3) Represents LHFS and those loans for which the Company has elected the FVO. NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) The following table presents the activity in the Allowance for loan losses for the Retail Installment Contracts acquired ("Purchased") in the Change in Control and those originated by SC subsequent to the Change in Control. Three Month Period Ended June 30, 2016 Six Month Period Ended June 30, 2016 Purchased Originated Total Purchased Originated Total (in thousands) Allowance for loan and lease losses, beginning of period $ 589,107 $ 2,137,270 $ 2,726,377 $ 590,807 $ 1,891,989 $ 2,482,796 Provision for / (Release of) loan and lease losses 47,617 572,145 619,762 121,252 1,246,565 1,367,817 Other — — — — — — Charge-offs (194,169 ) (789,788 ) (983,957 ) (458,961 ) (1,614,868 ) (2,073,829 ) Recoveries 173,068 422,813 595,881 362,525 818,754 1,181,279 Charge-offs, net of recoveries (21,101 ) (366,975 ) (388,076 ) (96,436 ) (796,114 ) (892,550 ) Allowance for loan and lease losses, end of period $ 615,623 $ 2,342,440 $ 2,958,063 $ 615,623 $ 2,342,440 $ 2,958,063 Three Month Period Ended June 30, 2015 Six Month Period Ended June 30, 2015 Purchased Originated Total Purchased Originated Total (in thousands) Allowance for loan and lease losses, beginning of period $ 319,231 $ 920,153 $ 1,239,384 $ 963 $ 709,024 $ 709,987 Provision for / (Release of) loan and lease losses 330,724 454,219 784,943 829,629 834,357 1,663,986 Other — — — (27,117 ) — (27,117 ) Charge-offs (399,788 ) (337,204 ) (736,992 ) (887,412 ) (656,206 ) (1,543,618 ) Recoveries 292,542 181,966 474,508 626,646 331,959 958,605 Charge-offs, net of recoveries (107,246 ) (155,238 ) (262,484 ) (260,766 ) (324,247 ) (585,013 ) Allowance for loan and lease losses, end of period $ 542,709 $ 1,219,134 $ 1,761,843 $ 542,709 $ 1,219,134 $ 1,761,843 NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) Non-accrual loans by Class of Financing Receivable The recorded investment in non-accrual loans disaggregated by class of financing receivables and other non-performing assets is summarized as follows: June 30, 2016 December 31, 2015 (in thousands) Non-accrual loans: Commercial: Commercial real estate: Corporate banking $ 68,537 $ 71,979 Middle market commercial real estate 74,799 37,745 Santander real estate capital 3,210 3,454 Commercial and industrial 248,688 85,745 Multifamily 6,845 9,162 Other commercial 10,234 2,982 Total commercial loans 412,313 211,067 Consumer: Residential mortgages 155,738 173,780 Home equity loans and lines of credit 119,135 127,171 Retail installment contracts and auto loans - originated 766,982 701,785 Retail installment contracts and auto loans - purchased 315,414 417,276 Personal unsecured loans 207 895 Other consumer 14,041 23,125 Total consumer loans 1,371,517 1,444,032 Total non-accrual loans 1,783,830 1,655,099 Other real estate owned ("OREO") 37,432 38,959 Repossessed vehicles 183,713 172,375 Foreclosed and other repossessed assets 2,489 374 Total OREO and other repossessed assets 223,634 211,708 Total non-performing assets $ 2,007,464 $ 1,866,807 NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) Age Analysis of Past Due Loans For reporting of past due loans, a payment of 90% or more of the amount due will be considered to meet the contractual requirements. For the majority of RICs, the Company considers 50% of a single payment due sufficient to qualify as a payment for past due classification purposes. The Company aggregates partial payments in determination of whether a full payment has been missed in computing past due status. The age of recorded investments in past due loans and accruing loans greater than 90 days past due disaggregated by class of financing receivables is summarized as follows: As of June 30, 2016 30-89 Greater Total Current Total (1) Recorded Investment (in thousands) Commercial: Commercial real estate: Corporate banking $ 10,463 $ 30,716 $ 41,179 $ 2,844,353 $ 2,885,532 $ — Middle market commercial real estate — 44,126 44,126 4,828,281 4,872,407 — Santander real estate capital 233 — 233 1,494,571 1,494,804 — Commercial and industrial 35,017 36,554 71,571 20,007,920 20,079,491 — Multifamily 5,335 2,245 7,580 9,218,405 9,225,985 — Other commercial 5,562 1,743 7,305 2,999,057 3,006,362 — Consumer: Residential mortgages 129,065 127,707 256,772 6,315,726 6,572,498 — Home equity loans and lines of credit 32,307 73,410 105,717 5,972,746 6,078,463 — Retail installment contracts and auto loans - originated 2,424,416 209,833 2,634,249 19,746,681 22,380,930 — Retail installment contracts and auto loans - purchased 969,026 74,638 1,043,664 3,586,151 4,629,815 — Personal unsecured loans 81,586 89,642 171,228 1,521,699 1,692,927 85,765 Other consumer 27,701 22,922 50,623 858,097 908,720 — Total $ 3,720,711 $ 713,536 $ 4,434,247 $ 79,393,687 $ 83,827,934 $ 85,765 (1) Financing receivables include LHFS. NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) As of December 31, 2015 30-89 Greater Total Current Total (1) Recorded (in thousands) Commercial: Commercial real estate: Corporate banking $ 18,085 $ 30,000 $ 48,085 $ 2,901,004 $ 2,949,089 $ — Middle market commercial real estate 575 21,063 21,638 4,201,721 4,223,359 — Santander real estate capital — 654 654 1,549,815 1,550,469 — Commercial and industrial 31,067 44,032 75,099 19,799,134 19,874,233 — Multifamily 2,951 4,537 7,488 9,430,975 9,438,463 — Other commercial 3,968 2,079 6,047 2,670,459 2,676,506 — Consumer: Residential mortgages 140,323 142,510 282,833 6,184,922 6,467,755 — Home equity loans and lines of credit 28,166 79,715 107,881 6,043,351 6,151,232 — Retail installment contracts and auto loans - originated 2,149,480 212,569 2,362,049 17,083,248 19,445,297 — Retail installment contracts and auto loans - purchased 1,242,545 109,258 1,351,803 4,756,407 6,108,210 — Personal unsecured loans 78,741 83,686 162,427 2,477,454 2,639,881 79,729 Other consumer 41,667 32,573 74,240 958,340 1,032,580 — Total $ 3,737,568 $ 762,676 $ 4,500,244 $ 78,056,830 $ 82,557,074 $ 79,729 (1) Financing receivables include LHFS. NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) Impaired Loans by Class of Financing Receivable Impaired loans are generally defined as all TDRs plus commercial non-accrual loans in excess of $1.0 million . Impaired loans disaggregated by class of financing receivables are summarized as follows: June 30, 2016 Recorded Investment (1) Unpaid Related Average (in thousands) With no related allowance recorded: Commercial: Commercial real estate: Corporate banking $ 36,629 $ 36,860 $ — $ 38,736 Middle market commercial real estate 61,467 106,415 — 69,896 Santander real estate capital 2,709 2,709 — 2,762 Commercial and industrial 40,442 41,755 — 22,039 Multifamily 12,698 13,474 — 11,083 Other commercial 908 908 — 574 Consumer: Residential mortgages 66,915 66,915 — 46,862 Home equity loans and lines of credit 52,357 52,357 — 41,719 Retail installment contracts and auto loans - originated 9 9 — 12 Retail installment contracts and auto loans - purchased 49,886 65,993 — 62,792 Personal unsecured loans (2) 21,742 21,742 — 17,304 Other consumer 19,850 24,213 — 16,173 With an allowance recorded: Commercial: Commercial real estate: Corporate banking 34,575 36,327 9,103 32,976 Middle market commercial real estate 73,941 84,730 12,954 55,994 Santander real estate capital 8,711 8,711 950 4,683 Commercial and industrial 278,813 285,073 104,864 196,086 Multifamily 966 971 653 3,310 Other commercial 7,555 7,598 560 5,386 Consumer: Residential mortgages 131,971 157,281 27,185 152,118 Home equity loans and lines of credit 51,110 65,749 4,797 61,479 Retail installment contracts and auto loans - originated 2,218,319 2,269,720 690,186 1,772,147 Retail installment contracts and auto loans - purchased 2,185,838 2,470,349 501,109 2,319,973 Personal unsecured loans 1,585 1,897 385 1,712 Other consumer 13,935 18,926 3,086 16,299 Total: Commercial $ 559,414 $ 625,531 $ 129,084 $ 443,525 Consumer 4,813,517 5,215,151 1,226,748 4,508,590 Total $ 5,372,931 $ 5,840,682 $ 1,355,832 $ 4,952,115 (1) Recorded investment includes deferred loan fees, net of deferred origination costs and unamortized purchase premiums, net of discounts as well as purchase accounting adjustments. (2) Includes LHFS. NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) The Company recognized interest income, not including the impact of purchase accounting adjustments, of $338.8 million for the six-month period ended June 30, 2016 on approximately $4.4 billion of TDRs that were returned to performing status as of June 30, 2016 . December 31, 2015 Recorded Investment (1) Unpaid Related Average (in thousands) With no related allowance recorded: Commercial: Commercial real estate: Corporate banking $ 40,843 $ 43,582 $ — $ 39,289 Middle market commercial real estate 78,325 123,495 — 103,059 Santander real estate capital 2,815 2,815 — 2,899 Commercial and industrial 3,635 5,046 — 5,780 Multifamily 9,467 10,488 — 15,980 Other commercial 239 239 — 164 Consumer: Residential mortgages 26,808 26,808 — 25,108 Home equity loans and lines of credit 31,080 31,080 — 29,155 Retail installment contracts and auto loans - originated 15 15 — 8 Retail installment contracts and auto loans - purchased 75,698 96,768 — 931,411 Personal unsecured loans 12,865 12,865 — 6,729 Other consumer 12,495 16,002 — 9,048 With an allowance recorded: Commercial: Corporate banking 31,376 32,650 6,413 45,663 Middle market commercial real estate 38,046 43,745 5,624 49,072 Santander real estate capital 654 782 98 2,266 Commercial and industrial 113,358 142,308 35,184 88,771 Multifamily 5,653 5,658 443 5,816 Other commercial 3,216 4,465 749 2,574 Consumer: Residential mortgages 172,265 200,176 25,034 151,539 Home equity loans and lines of credit 71,847 86,355 3,757 65,990 Retail installment contracts and auto loans - originated 1,325,975 1,359,585 408,208 691,244 Retail installment contracts and auto loans - purchased 2,454,108 2,773,536 454,926 1,227,054 Personal unsecured loans 1,839 2,226 430 9,158 Other consumer 18,663 23,790 3,225 17,479 Total: Commercial $ 327,627 $ 415,273 $ 48,511 $ 361,333 Consumer 4,203,658 4,629,206 895,580 3,163,923 Total $ 4,531,285 $ 5,044,479 $ 944,091 $ 3,525,256 (1) Recorded investment includes deferred loan fees, net of deferred origination costs and unamortized purchase premiums, net of discounts as well as purchase accounting adjustments. The Company recognized interest income of $439.6 million for the year ended December 31, 2015 on approximately $3.8 billion of TDRs that were returned to performing status as of December 31, 2015 . NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) Commercial Lending Asset Quality Indicators Commercial credit quality disaggregated by class of financing receivables is summarized according to standard regulatory classifications as follows: PASS. Asset is well-protected by the current net worth and paying capacity of the obligor or guarantors, if any, or by the fair value less costs to acquire and sell any underlying collateral in a timely manner. SPECIAL MENTION. Asset has potential weaknesses that deserve management’s close attention, which, if left uncorrected, may result in deterioration of the repayment prospects for an asset at some future date. Special Mention assets are not adversely classified. SUBSTANDARD. Asset is inadequately protected by the current net worth and paying capacity of the obligor or by the collateral pledged, if any. A well-defined weakness or weaknesses exist that jeopardize the liquidation of the debt. The loans are characterized by the distinct possibility that the Company will sustain some loss if deficiencies are not corrected. DOUBTFUL. Exhibits the inherent weaknesses of a substandard credit. Additional characteristics exist that make collection or liquidation in full highly questionable and improbable, on the basis of currently known facts, conditions and values. Possibility of loss is extremely high, but because of certain important and reasonable specific pending factors which may work to the advantage and strengthening of the credit, an estimated loss cannot yet be determined. LOSS. Credit is considered uncollectible and of such little value that it does not warrant consideration as an active asset. There may be some recovery or salvage value, but there is doubt as to whether, how much or when the recovery would occur. Commercial loan credit quality indicators by class of financing receivables are summarized as follows: Commercial Real Estate June 30, 2016 Corporate Middle Santander Commercial and industrial Multifamily Remaining Total (1) (in thousands) Regulatory Rating: Pass $ 2,638,995 $ 4,610,178 $ 1,392,017 $ 18,780,657 $ 9,066,369 $ 2,974,771 $ 39,462,987 Special Mention 76,248 102,358 75,165 581,885 102,972 11,904 950,532 Substandard 160,420 110,631 27,622 684,355 56,244 19,460 1,058,732 Doubtful 9,869 49,240 — 32,594 400 227 92,330 Total commercial loans $ 2,885,532 $ 4,872,407 $ 1,494,804 $ 20,079,491 $ 9,225,985 $ 3,006,362 $ 41,564,581 (1) Financing receivables include LHFS. Commercial Real Estate December 31, 2015 Corporate Middle Santander Commercial and industrial Multifamily Remaining Total (1) (in thousands) Regulatory Rating: Pass $ 2,627,159 $ 4,055,623 $ 1,363,031 $ 18,881,150 $ 9,114,466 $ 2,631,935 $ 38,673,364 Special Mention 99,090 29,620 144,597 492,128 249,165 28,686 1,043,286 Substandard 208,785 117,571 42,187 467,983 74,410 15,601 926,537 Doubtful 14,055 20,545 654 32,972 422 284 68,932 Total commercial loans $ 2,949,089 $ 4,223,359 $ 1,550,469 $ 19,874,233 $ 9,438,463 $ 2,676,506 $ 40,712,119 (1) Financing receivables include LHFS. NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) Consumer Lending Asset Quality Indicators-Credit Score In early 2015 , the Company increased its origination volume of RICs to borrowers with limited credit bureau attributes, such as less than 36 months of history or less than four trade lines. For these borrowers, many of whom do not have a FICO ® score, other factors, such as the LexisNexis risk view score, LTV ratio, and payment-to-income ratio, are utilized to assign an internal credit score. Origination volume of these RICs was $562.0 million for the three-month period ended June 30, 2016 . The Company's credit loss allowance forecasting models are not calibrated for this higher concentration of RICs with limited bureau attributes and, accordingly, as of June 30, 2016 , the Company recorded a qualitative adjustment of $125.0 million , increasing the allowance ratio on individually acquired RICs by 0.5% of unpaid principal balance. This adjustment was necessary to increase the ACL for additional charge-offs expected on this portfolio, based on loss performance information available to date, which evidences higher losses in the first months after origination in comparison to RICs with standard credit bureau attributes. Consumer financing receivables for which either an internal or external credit score is a core component of the allowance model are summarized

LEASED VEHICLES, NET

LEASED VEHICLES, NET	6 Months Ended
	Jun. 30, 2016
Leases [Abstract]
LEASED VEHICLES, NET	LEASED VEHICLES, NET The Company has operating leases which are included in the Company's Condensed Consolidated Balance Sheets as Leased vehicles, net. The leased vehicle portfolio consists primarily of leases originated under a ten -year private label financing agreement signed by the Company with Fiat Chrysler Automobiles US LLC ("FCA"), formerly Chrysler Group LLC, to be a preferred lender (the "Chrysler Agreement"). Under the Chrysler Agreement, the Company had the first right to review and approve all prime consumer vehicle lease applications originated under the Chrysler Capital program (“Chrysler Capital”), the trade name used in providing services under the Chrysler Capital Agreement. SC provides servicing on all leases originated under this agreement. Leased vehicles, net consisted of the following as of June 30, 2016 and December 31, 2015 : June 30, 2016 December 31, 2015 (in thousands) Leased vehicles $ 13,114,696 $ 11,297,752 Origination fees and other costs 30,717 29,800 Manufacturer subvention payments, net of accretion (1,209,870 ) (1,048,713 ) Leased vehicles, gross 11,935,543 10,278,839 Less: accumulated depreciation (2,406,801 ) (1,901,004 ) Leased vehicles, net $ 9,528,742 $ 8,377,835 NOTE 5. LEASED VEHICLES, NET (continued) For the three-month and six-month periods ended June 30, 2016 , the Company did not execute any bulk sales of leases originated under the Chrysler Capital. During the three-month and six-month periods ended June 30, 2015 , the Company executed a bulk sale of leases originated under the Chrysler Capital program with depreciated net capitalized costs of $755.6 million and $1.3 billion , respectively, and a net book value of $666.3 million and $1.2 billion , respectively, to a third party. The bulk sales agreement included certain provisions under which SC agreed to share in residual losses for lease terminations with losses over a specific percentage threshold. SC retained servicing on the leases sold. Due to the accelerated depreciation permitted for tax purposes, this sale generated large taxable gains that SC deferred through a qualified like-kind exchange program. An immaterial amount of taxable gain that did not qualify for deferral was recognized upon expiration of the reinvestment period. The following summarizes the future minimum rental payments due to the Company as lessor under operating leases as of June 30, 2016 (in thousands): Remainder of 2016 $ 872,726 2017 1,351,070 2018 633,342 2019 79,355 2020 1,000 Total $ 2,937,493 Lease income for the three-month and six-month periods ended June 30, 2016 were $460.1 million and $881.6 million , respectively, compared to $339.7 million and $653.1 million , respectively, for the three-month and six-month periods ended June 30, 2015 . Lease expense for three-month and six-month periods ended June 30, 2016 were $322.2 million and $615.1 million , respectively, compared to $253.3 million and $494.3 million , respectively, for the three-month and six-month periods ended June 30, 2015 .

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	6 Months Ended
	Jun. 30, 2016
Variable Interest Entity and Securitizations [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES VIEs The Company transfers RICs and leases into newly-formed securitization trusts ("Trusts") that then issue one or more classes of notes payable backed by collateral. The Company’s continuing involvement with the Trusts is in the form of servicing assets held by the Trusts and, generally, through holding residual interests in the Trusts. These transactions are structured without recourse. The Trusts are considered VIEs under GAAP and, when the Company holds the residual interest, are consolidated because the Company has: (a) power over the significant activities of the entity as servicer of its financial assets and (b) residual interest and, in some cases of debt securities held by the Company, an obligation to absorb losses or the right to receive benefits from the VIE which are potentially significant to the VIE. When the Company does not retain any debt or equity interests in its securitizations or subsequently sells such interests it records these transactions as sales of the associated RIC. The collateral, borrowings under credit facilities and securitization notes payable of the Company's consolidated VIEs remain on the Company's Condensed Consolidated Balance Sheets . The Company recognizes finance charges and fee income on the RICs and leased vehicles and interest expense on the debt, and records a provision for loan and lease losses to cover probable inherent losses on the contracts. All of the Trusts are separate legal entities and the collateral and other assets held by these subsidiaries are owned by them and not available to other creditors. Revolving credit facilities generally also utilize Trusts that are considered VIEs. The Company also uses a titling trust to originate and hold its leased vehicles and the associated leases in order to facilitate the pledging of leases to financing facilities or the sale of leases to other parties without incurring the costs and administrative burden of retitling the lease vehicles. This titling trust is considered a VIE. NOTE 6. VARIABLE INTEREST ENTITIES (continued) On-balance sheet VIEs The assets of consolidated VIEs, presented based upon the legal transfer of the underlying assets in order to reflect legal ownership, that can be used to settle obligations of the consolidated VIE and the liabilities of those consolidated entities for which creditors (or beneficial interest holders) do not have recourse to our general credit were as follows: June 30, 2016 December 31, 2015 (in thousands) Assets Restricted cash $ 2,026,940 $ 1,842,877 Loans (1) 23,499,551 23,494,541 Leased vehicles, net 8,065,227 6,497,310 Various other assets 580,634 630,017 Total Assets $ 34,172,352 $ 32,464,745 Liabilities Notes payable $ 30,979,813 $ 30,628,837 Various other liabilities 90,097 85,844 Total Liabilities $ 31,069,910 $ 30,714,681 (1) Includes $1.6 billion and $1.5 billion of RICs held for sale at June 30, 2016 and December 31, 2015 , respectively. Certain amounts shown above are greater than the amounts shown in the corresponding line items in the accompanying Condensed Consolidated Balance Sheets due to intercompany eliminations between the VIEs and other entities consolidated by the Company. The amounts shown above are also impacted by purchase accounting marks from the “Change in Control”. For example, for most of its securitizations, the Company retains one or more of the lowest tranches of bonds. Rather than showing investment in bonds as an asset and the associated debt as a liability, these amounts are eliminated in consolidation as required by GAAP. The Company retains servicing responsibility for receivables transferred to the Trusts and receives a monthly servicing fee on the outstanding principal balance. Supplemental fees, such as late charges, for servicing the receivables are reflected in miscellaneous income. As of June 30, 2016 and December 31, 2015 , the Company was servicing $28.1 billion and $ 27.3 billion , respectively, of RICs that have been transferred to consolidated Trusts. The remainder of the Company’s RICs remains unpledged. Below is a summary of the cash flows received from the on-balance sheet Trusts for the periods indicated: Three-Month Period Six-Month Period 2016 2015 2016 2015 (in thousands) Assets securitized $ 6,325,637 $ 6,085,282 $ 9,947,134 $ 10,067,137 Net proceeds from new securitizations (1) $ 5,118,309 $ 4,918,905 $ 7,820,313 $ 7,975,856 Net proceeds from sale of retained bonds 128,798 — 128,798 — Cash received for servicing fees (2) 200,071 173,641 394,435 335,603 Net distributions from Trusts (2) 761,480 616,342 1,391,206 1,072,395 Total cash received from Trusts $ 6,208,658 $ 5,708,888 $ 9,734,752 $ 9,383,854 (1) Includes additional advances on existing securitizations. (2) These amounts are not reflected in the accompanying Condensed Consolidated Statements of Cash Flows because the cash flows are between the VIEs and other entities included in the consolidation. NOTE 6. VARIABLE INTEREST ENTITIES (continued) Off-balance sheet VIEs The Company has completed sales to VIEs that met sale accounting treatment in accordance with the applicable guidance. Due to the nature, purpose, and activity of these transactions, the Company determined for consolidation purposes that it either does not hold potentially significant variable interests or is not the primary beneficiary as a result of the Company's limited further involvement with the financial assets. For such transactions, the transferred financial assets are removed from the Company's Condensed Consolidated Balance Sheets . In certain situations, the Company remains the servicer of the financial assets and receives servicing fees that represent adequate compensation, and may reacquire assets from the Trusts through the exercise of an optional clean-up call, as permitted through the respective servicing agreements. The Company also recognizes a gain or loss in the amount of the difference between the cash proceeds and carrying value of the assets sold. During the three-month and six-month periods ended June 30, 2016 , the Company executed no off-balance sheet securitizations with VIEs in which it has continuing involvement. As of June 30, 2016 and December 31, 2015 , the Company was servicing $2.8 billion and $3.9 billion , respectively, of gross RICs in off-balance sheet securitizations. Other than repurchases of sold assets due to standard representations and warranties, the Company has no exposure to loss as a result of its involvement with these VIEs. A summary of the cash flows received from the off-balance sheet Trusts for the periods indicated is as follows: Three-Month Period Six-Month Period 2016 2015 2016 2015 (in thousands) Assets securitized $ — $ 768,561 $ — $ 768,561 Net proceeds from new securitizations $ — $ 785,983 $ — $ 785,983 Cash received for servicing fees 13,157 6,319 28,858 11,624 Total cash received from Trusts $ 13,157 $ 792,302 $ 28,858 $ 797,607

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLES	GOODWILL AND OTHER INTANGIBLES Goodwill The following table presents activity in the Company's goodwill by its reportable segments for the six-month period ended June 30, 2016 : Consumer and Business Banking (1) Auto Finance & Business Banking Commercial Real Estate (2) Commercial Banking (2) Global Corporate Banking SC Total (in thousands) Goodwill at December 31, 2015 $ 1,550,321 $ 445,923 $ — $ 1,297,055 $ 131,130 $ 1,019,960 $ 4,444,389 Disposals during the period — — — — — — — Additions during the period — — — — — — — Impairment during the period — — — — — — — Re-allocations during the period 329,983 (445,923 ) 870,411 (754,471 ) — — — Goodwill at June 30, 2016 $ 1,880,304 $ — $ 870,411 $ 542,584 $ 131,130 $ 1,019,960 $ 4,444,389 (1) Consumer and Business Banking were formerly designated as the Retail Banking segment and was renamed during the first quarter of 2016. (2) Commercial Real Estate and Commercial Banking were formerly disclosed as the combined Real Estate and Commercial Banking segment. NOTE 7. GOODWILL AND OTHER INTANGIBLES (continued) As more fully described in Note 17 to the Condensed Consolidated Financial Statements , during the first quarter of 2016, certain management and line of business changes became effective as the Company reorganized its management reporting in order to improve its structure and focus to better align management teams and resources with the business goals of the Company and provide enhanced customer service to its clients. Accordingly, the following changes were made within the Company's reportable segments and reporting units to provide greater focus on each of its core businesses: • The small business banking, commercial business banking, and auto leasing lines of business formerly included in the Auto Finance and Business Banking reportable segment were combined with the Consumer and Business Banking reportable segment. The combined impact of these organizational changes resulted in the re-allocation of $330.0 million of goodwill from Auto Finance & Business Banking to Consumer and Business Banking. • The Real Estate and Commercial Banking reportable segment was split into the Commercial Real Estate reportable segment and the Commercial Banking reportable segment, resulting in the re-allocation of $870.4 million of goodwill from Commercial Banking to Commercial Real Estate. • The CEVF and dealer floor plan lines of business, formerly included in the Auto Finance & Business Banking reportable segment were moved to the Commercial Banking business unit, resulting in the re-allocation of $115.9 million of goodwill from Auto Finance & Business Banking to Commercial Banking. The Company conducted its annual goodwill impairment test as of October 1, 2015 using generally accepted valuation methods. After conducting an analysis of the fair value of each reporting unit as of October 1, 2015 , the Company determined that no impairment of goodwill was identified as a result of the annual impairment analysis. During the fourth quarter of 2015, due to a decline in SC's share price, the Company concluded that the fair value of our SC reporting unit was more likely than not less than its carrying value including goodwill. As a result, the Company performed an interim goodwill impairment analysis as of December 31, 2015 , the results of which required the Company to record an impairment of $4.5 billion . During the first half of 2016 , the Company continued to evaluate SC's share price. The Company determined there is no requirement to perform a goodwill impairment test at June 30, 2016 . NOTE 7. GOODWILL AND OTHER INTANGIBLES (continued) Other Intangible Assets The following table details amounts related to the Company's finite-lived and indefinite-lived intangible assets for the dates indicated. June 30, 2016 December 31, 2015 Net Carrying Amount Accumulated Amortization Net Carrying Amount Accumulated Amortization (in thousands) Intangibles subject to amortization: Dealer networks $ 485,232 $ (94,768 ) $ 504,839 $ (75,161 ) Chrysler relationship 102,500 (36,250 ) 110,000 (28,750 ) Core deposit intangibles — (295,842 ) 763 (295,079 ) Trade name (1) 17,700 (300 ) — — Other intangibles 3,924 (25,985 ) 5,453 (24,455 ) Total intangibles subject to amortization 609,356 (453,145 ) 621,055 (423,445 ) Intangibles not subject to amortization: Trade name (1) — — 18,000 — Total Intangibles $ 609,356 $ (453,145 ) $ 639,055 $ (423,445 ) (1) As of December 31, 2015 , the trade name intangible asset was identified as an indefinite-lived intangible not subject to amortization. Effective April 1, 2016 , management has determined this asset to be a definite-lived intangible with a remaining useful life of 15 years . Amortization expense on intangible assets for the three-month and six-month periods ended June 30, 2016 were $14.8 million and $29.7 million , respectively, compared to $16.3 million and $33.1 million for the three-month and six-month periods ended June 30, 2015 , respectively. During the second quarter of 2016, the Company's core deposit intangibles and purchased credit card relationship intangibles associated with its 2006 acquisitions, which were amortized straight-line over a period of ten years, became fully-amortized. The estimated aggregate amortization expense related to intangibles, excluding any impairment charges, for each of the five succeeding calendar years ending December 31 is: Year Calendar Year Amount Recorded To Date Remaining Amount To Record (in thousands) 2016 $ 58,062 $ 29,699 $ 28,363 2017 56,255 — 56,255 2018 55,902 — 55,902 2019 55,701 — 55,701 2020 55,641 — 55,641 Thereafter 357,494 — 357,494

OTHER ASSETS

OTHER ASSETS	6 Months Ended
	Jun. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS The following is a detail of items that comprise other assets at June 30, 2016 and December 31, 2015 : June 30, 2016 December 31, 2015 (in thousands) Income tax receivables $ 419,396 $ 613,339 Derivative assets at fair value 555,127 355,169 Other repossessed assets 186,202 172,749 MSRs, at fair value 117,792 147,233 Prepaid expenses 171,928 162,879 OREO 37,432 38,959 Miscellaneous assets and receivables 482,447 403,487 Total other assets $ 1,970,324 $ 1,893,815 Derivative assets at fair value represent the net amount of derivatives presented in the Condensed Consolidated Financial Statements, including the impact of amounts offsetting recognized assets. Refer to the offsetting of financial assets table in Note 11 to these Condensed Consolidated Financial Statements for the detail of these amounts. The change in income tax receivable is related to the receipt of an IRS refund in the second quarter of 2016. MSRs Residential real estate The Company maintains an MSR asset for sold residential real estate loans serviced for others. At June 30, 2016 and December 31, 2015 , the balance of these loans serviced for others was $15.6 billion , and $15.9 billion , respectively. The Company accounts for residential MSRs using the FVO. Changes in fair value are recorded through the Mortgage banking income, net line of the Condensed Consolidated Statements of Operations . The fair value of the MSRs at June 30, 2016 and December 31, 2015 were $117.8 million and $147.2 million , respectively. See further discussion on the valuation of the MSRs in Note 16 . As deemed appropriate, the Company economically hedges MSRs using interest rate swaps and forward contracts to purchase MBS. See further discussion on these derivative activities in Note 11 to these Condensed Consolidated Financial Statements . For the three-month and six-month periods ended June 30, 2016 , the Company recorded net changes in the fair value of MSRs due to valuation totaling $(11.5) million and $(25.8) million , respectively, compared to $21.2 million and $14.2 million for the corresponding periods in 2015. The following table presents a summary of activity for the Company's residential MSRs that are included in the Condensed Consolidated Balance Sheets . Three-Month Period Ended Six-Month Period Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 (in thousands) Fair value at beginning of period $ 130,742 $ 135,452 $ 147,233 $ 145,047 Mortgage servicing assets recognized 4,801 7,803 8,392 11,329 Principal reductions (6,283 ) (7,319 ) (12,009 ) (13,450 ) Change in fair value due to valuation assumptions (11,468 ) 21,211 (25,824 ) 14,221 Fair value at end of period $ 117,792 $ 157,147 $ 117,792 $ 157,147 NOTE 8. OTHER ASSETS (continued) Fee income and gain/loss on sale of mortgage loans Included in Mortgage banking income, net on the Condensed Consolidated Statements of Operations was mortgage servicing fee income of $10.8 million and $21.6 million for the three-month and six-month periods ended June 30, 2016 , respectively, compared to $11.3 million and $22.5 million for the corresponding periods in 2015 . The Company had gains on sales of mortgage loans included in Mortgage banking income, net on the Condensed Consolidated Statements of Operations of $6.6 million and $9.7 million for the three-month and six-month periods ended June 30, 2016 , respectively, compared to gains of $17.4 million and $23.6 million for the corresponding periods ended June 30, 2015 . Other repossessed assets and Other Real Estate Owned (“OREO") Other repossessed assets primarily consist of SC's vehicle inventory, which is obtained through repossession. Other real estate owned ("OREO") consists primarily of the Bank's foreclosed properties. Miscellaneous assets and receivables Miscellaneous assets and receivables includes, but is not limited to, subvention receivables in connection with the Chrysler Agreement, investment and capital market receivables, and unapplied payments. This increased due to an increase in capitalized lease equipment.

DEPOSITS AND OTHER CUSTOMER ACC

DEPOSITS AND OTHER CUSTOMER ACCOUNTS	6 Months Ended
	Jun. 30, 2016
Deposits [Abstract]
DEPOSITS AND OTHER CUSTOMER ACCOUNTS	DEPOSITS AND OTHER CUSTOMER ACCOUNTS Deposits and other customer accounts are summarized as follows: June 30, 2016 December 31, 2015 Balance Percent of total deposits Balance Percent of total deposits (in thousands) Interest-bearing demand deposits $ 8,877,518 15.7 % $ 10,253,948 18.3 % Non-interest-bearing demand deposits 9,919,471 17.5 % 8,240,023 14.7 % Savings 4,102,768 7.3 % 3,956,165 7.0 % Customer repurchase accounts 833,882 1.5 % 896,736 1.6 % Money market 24,468,371 43.3 % 24,254,357 43.2 % Certificates of deposit 8,295,689 14.7 % 8,513,003 15.2 % Total Deposits (1) $ 56,497,699 100 % $ 56,114,232 100 % (1) Includes foreign deposits of $558.0 million and $495.9 million at June 30, 2016 and December 31, 2015 , respectively. Deposits collateralized by investment securities, loans, and other financial instruments totaled $5.1 billion and $2.9 billion at June 30, 2016 and December 31, 2015 , respectively. Demand deposit overdrafts that have been reclassified as loan balances were $31.9 million and $25.2 million at June 30, 2016 and December 31, 2015 , respectively.

BORROWINGS

BORROWINGS	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
BORROWINGS	BORROWINGS Total borrowings and other debt obligations at June 30, 2016 was $46.8 billion , compared to $49.1 billion at December 31, 2015 . The Company's debt agreements impose certain limitations on dividends, and other payments and transactions. The Company is currently in compliance with these limitations. Periodically, as part of the Company's wholesale funding management, it opportunistically repurchases outstanding borrowings in the open market and subsequently retires the obligations. The Company did no t repurchase any outstanding borrowings during the six-month period ended June 30, 2016 or June 30, 2015 . On February 22, 2016, the Company issued a $1.5 billion of senior unsecured floating rate notes to Santander. The note had a floating rate equal to the three-month London Interbank Offered Rate ("LIBOR") plus 218 basis points with a maturity of August 22, 2017. The proceeds of the notes were used for general corporate purposes. During the quarter ended June 30, 2016 the Company repaid this note at par with no prepayment penalty. On May 23, 2016, the Company issued $1.0 billion in aggregate principal amount of its 2.70% senior notes due May 2019 and $600 million in aggregate principal amount of its senior floating rate notes. These notes have a floating rate equal to the three-month LIBOR plus 145 basis points with a maturity of November 2017. During the first quarter of 2016, the Bank terminated $1.3 billion of FHLB advances. As a consequence, the Company incurred costs of $32.9 million through the loss on debt extinguishment. During the second quarter of 2016, the Bank terminated $1.5 billion of FHLB advances. As a consequence, the Company incurred costs of $45.6 million through a loss on debt extinguishment. Parent Company Borrowings and Debt Obligations The following table presents information regarding the Parent Company borrowings and other debt obligations at the dates indicated: June 30, 2016 December 31, 2015 Balance Effective Rate Balance Effective Rate (dollars in thousands) 4.625% senior notes, due April 2016 $ — — % $ 475,723 4.85 % Senior notes, due November 2017 (1) 598,263 2.33 % — — % 3.45% senior notes, due August 2018 498,198 3.62 % 497,800 3.62 % 2.70% senior notes, due May 2019 996,226 2.84 % — — % 2.65% senior notes, due April 2020 993,907 2.82 % 993,151 2.82 % 4.50% senior notes, due July 2025 1,094,717 4.56 % 1,094,483 4.56 % Junior subordinated debentures - Capital Trust VI, due June 2036 69,786 7.91 % 69,775 7.91 % Common securities - Capital Trust VI 10,000 7.91 % 10,000 7.91 % Junior subordinated debentures - Capital Trust IX, due July 2036 149,419 2.44 % 149,404 2.18 % Common securities - Capital Trust IX 4,640 2.44 % 4,640 2.18 % Total Parent Company borrowings and other debt obligations $ 4,415,156 3.36 % $ 3,294,976 3.91 % (1) These notes bear interest at a rate equal to three-month LIBOR plus 145 basis points per annum. NOTE 10. BORROWINGS (continued) Bank Borrowings and Debt Obligations The following table presents information regarding the Bank's borrowings and other debt obligations at the dates indicated: June 30, 2016 December 31, 2015 Balance Effective Rate Balance Effective Rate (dollars in thousands) 2.00% senior notes, due January 2018 $ 747,257 2.24 % $ 746,381 2.24 % Senior notes, due January 2018 (1) 249,557 1.68 % 249,415 1.31 % 8.750% subordinated debentures, due May 2018 498,520 8.92 % 498,175 8.92 % Subordinated term loan, due February 2019 125,188 6.53 % 130,899 6.15 % FHLB advances, maturing through July 2019 9,000,000 1.05 % 13,885,000 1.40 % REIT preferred, due May 2020 155,692 13.45 % 154,930 13.66 % Subordinated term loan, due August 2022 29,648 8.28 % 30,344 7.89 % Total Bank borrowings and other debt obligations $ 10,805,862 1.77 % $ 15,695,144 1.85 % (1) These notes will bear interest at a rate equal to three-month LIBOR plus 93 basis points per annum. Revolving Credit Facilities The following tables present information regarding SC's credit facilities as of June 30, 2016 and December 31, 2015 : June 30, 2016 Balance Effective Rate Assets Pledged Restricted Cash Pledged (dollars in thousands) Warehouse line, maturing on various dates (1) $ 449,585 2.27 % $ 621,893 $ 18,030 Warehouse line, due July 2016 (2) 266,084 1.72 % 371,360 — Warehouse line, due November 2016 (3) 175,000 2.00 % — — Warehouse line, due November 2016 (3) 250,000 2.00 % — 2,502 Warehouse line, due June 2017 124,396 3.10 % 300,020 25,055 Warehouse line, due July 2017 (4) 843,820 1.49 % 957,299 26,983 Warehouse line, due July 2017 (5) 2,775,843 1.44 % 4,234,607 60,400 Warehouse line, due December 2017 576,777 2.39 % 821,314 26,889 Warehouse line, due January 2018 91,500 3.08 % 127,284 4,167 Warehouse line, due March 2018 (6) 428,899 1.52 % 609,417 18,123 Repurchase facility, due May 2017 (7) 787,703 2.71 % — 31,763 Repurchase facility, due April 2017 (7) 235,509 1.79 % — — Line of credit with related party, due December 2016 (8) 1,000,000 2.71 % — — Line of credit with related party, due December 2016 (8) 500,000 2.75 % — — Line of credit with related party, due December 2018 (8) 550,000 2.80 % — — Total SC revolving credit facilities $ 9,055,116 2.04 % $ 8,043,194 $ 213,912 (1) As of June 30, 2016 , half of the outstanding balance on this facility matures in March 2017 and half matures in March 2018. (2) As of December 31, 2015 this warehouse line was due in June 2016. It was subsequently amended in July 2016 to extend the maturity to January 2018. (3) These lines are collateralized by residuals retained by SC. (4) This line is held exclusively for financing Chrysler Capital loans. (5) This line is held exclusively for financing Chrysler Capital leases. (6) As of December 31, 2015 this warehouse line was due in September 2017. (7) This repurchase facility is collateralized by securitization notes payable retained by SC. No portion of this facility is unsecured. These facilities have rolling maturities up to 180 days. (8) These lines are also collateralized by securitization notes payable and residuals retained by SC. As of June 30, 2016 , $1.4 billion of the aggregate outstanding balances on these credit facilities was unsecured. NOTE 10. BORROWINGS (continued) December 31, 2015 Balance Effective Assets Pledged Restricted Cash Pledged (dollars in thousands) Warehouse line, maturing on various dates (1) $ 808,135 1.29 % $ 1,137,257 $ 24,942 Warehouse line, due June 2016 378,301 1.48 % 535,737 — Warehouse line, due November 2016 (2) 175,000 1.90 % — — Warehouse line, due November 2016 (2) 250,000 1.90 % — 2,501 Warehouse line, due July 2017 (3) 682,720 1.35 % 809,185 20,852 Warehouse line, due July 2017 (4) 2,247,443 1.41 % 3,412,321 48,589 Warehouse line, due September 2017 565,399 1.20 % 824,327 15,759 Warehouse line, due December 2017 (5) 944,877 1.56 % 1,345,051 32,038 Repurchase facility, due December 2016 (6) 850,904 2.07 % — 34,166 Line of credit with related party, due December 2016 (7) 1,000,000 2.61 % — — Line of credit with related party, due December 2016 (7) 500,000 2.65 % — — Line of credit with related party, due December 2018 (7) 800,000 2.84 % — — Total SC revolving credit facilities $ 9,202,779 1.81 % $ 8,063,878 $ 178,847 (1) As of June 30, 2016 , half of the outstanding balance on this facility matures in March 2017 and half matures in March 2018. (2) These lines are collateralized by residuals retained by SC. (3) This line is held exclusively for financing Chrysler Capital loans. (4) This line is held exclusively for financing Chrysler Capital leases. (5) In December 2015, the commitment on this warehouse line was amended to extend the commitment termination date to December 2017. (6) This repurchase facility is collateralized by securitization notes payable retained by SC. No portion of this facility is unsecured. This facility has rolling 30 -day and 180 -day maturities. (7) These lines are also collateralized by securitization notes payable and residuals retained by SC. As of June 30, 2016 , $1.4 billion of the aggregate outstanding balances on these credit facilities was unsecured. Secured Structured Financings The following tables present information regarding SC's secured structured financings as of June 30, 2016 and December 31, 2015 : June 30, 2016 Balance Initial Note Amounts Issued Initial Weighted Average Interest Rate Range Collateral Restricted Cash (dollars in thousands) SC public securitizations, maturing on various dates (1) $ 14,202,169 $ 30,001,112 0.89% - 2.46% $ 18,399,755 $ 1,457,747 SC privately issued amortizing notes, maturing on various dates (1) 8,303,636 13,035,991 0.88% - 2.86% 11,763,437 494,816 Total SC secured structured financings $ 22,505,805 $ 43,037,103 0.88% - 2.86% $ 30,163,192 $ 1,952,563 (1) SC has entered into various securitization transactions involving its retail automotive installment loans and leases. These transactions are accounted for as secured financings and therefore both the securitized RICs, and the related securitization debt issued by SPEs, remain on the Condensed Consolidated Balance Sheets . The maturity of this debt is based on the timing of repayments from the securitized assets. NOTE 10. BORROWINGS (continued) December 31, 2015 Balance Initial Note Amounts Issued Initial Weighted Average Interest Rate Range Collateral Restricted Cash (dollars in thousands) SC public securitizations, maturing on various dates (1) $ 12,679,987 $ 24,923,292 0.89% - 2.29% $ 16,256,067 $ 1,242,857 SC privately issued amortizing notes, maturing on various dates (1) 8,213,217 11,729,171 0.88% - 2.81% 11,495,352 457,840 Total SC secured structured financings $ 20,893,204 $ 36,652,463 0.88% - 2.81% $ 27,751,419 $ 1,700,697 (1) SC has entered into various securitization transactions involving its retail automotive installment loans and leases. These transactions are accounted for as secured financings and therefore both the securitized RICs, and the related securitization debt issued by SPEs, remain on the Condensed Consolidated Balance Sheets . The maturity of this debt is based on the timing of repayments from the securitized assets. Most of SC's secured structured financings are in the form of public, SEC-registered securitizations. The Company also executes private securitizations under Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"), and periodically issues private term amortizing notes, which are structured similarly to securitizations but are acquired by banks and conduits. The Company's securitizations and private issuances are collateralized by RICs or vehicle leases.

DERIVATIVES

DERIVATIVES	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES General The Company uses derivative financial instruments primarily to help manage exposure to interest rate, foreign exchange, equity and credit risk, as well as to reduce the effects that changes in interest rates may have on net income, the fair value of assets and liabilities, and cash flows. The Company also enters into derivatives with customers to facilitate their risk management activities. The Company uses derivative financial instruments as risk management tools and not for speculative trading purposes. The fair value of all derivative balances is recorded within Other assets and Other liabilities on the Condensed Consolidated Balance Sheet . See Note 16 for discussion of the valuation methodology for derivative instruments. Derivatives represent contracts between parties that usually require little or no initial net investment and result in one party delivering cash or another type of asset to the other party based on a notional amount and an underlying as specified in the contract. Derivative transactions are often measured in terms of notional amount, but this amount is generally not exchanged and is not recorded on the balance sheet. The notional amount is the basis to which the underlying is applied to determine required payments under the derivative contract. The underlying is a referenced interest rate (commonly the Overnight Indexed Swap ("OIS") rate or LIBOR), security price, credit spread or other index. Derivative balances are presented on a gross basis taking into consideration the effects of legally enforceable master netting agreements. The Company’s capital markets and mortgage banking activities are subject to price risk. The Company employs various tools to measure and manage price risk in its portfolios. In addition, the Board of Directors has established certain limits relative to positions and activities. The level of price risk exposure at any given time depends on the market environment and expectations of future price and market movements and will vary from period to period. NOTE 11. DERIVATIVES (continued) Credit Risk Contingent Features The Company has entered into certain derivative contracts that require the posting of collateral to counterparties when these contracts are in a net liability position. The amount of collateral to be posted is based on the amount of the net liability and thresholds generally related to the Company's long-term senior unsecured credit ratings. In a limited number of instances, counterparties also have the right to terminate their International Swaps and Derivatives Association, Inc. ("ISDA") master agreements if the Company's ratings fall below investment grade. As of June 30, 2016 , derivatives in this category had a fair value of $19.9 million . The credit ratings of the Company and Bank are currently considered investment grade. The Company estimates as of June 30, 2016 that a further 1 - or 2 - notch downgrade by either Standard & Poor's ("S&P") or Moody's would require the Company to post up to an additional $2.1 million or $2.7 million of collateral, respectively, to comply with existing derivative agreements. As of June 30, 2016 and December 31, 2015 , the aggregate fair value of all derivative contracts with credit risk contingent features (i.e. those containing collateral posting or termination provisions based on the Company's ratings) that were in a net liability position totaled $131.3 million and $128.1 million , respectively. The Company had $112.0 million and $128.8 million in cash and securities collateral posted to cover those positions as of June 30, 2016 and December 31, 2015 , respectively. Fair Value Hedges The Company enters into cross-currency swaps to hedge its foreign currency exchange risk on certain Euro-denominated investments. The Company also entered into interest rate swaps to hedge the interest rate risk on certain fixed rate investments. These derivatives are designated as fair value hedges at inception. The Company includes all components of each derivative's gain or loss in the assessment of hedge effectiveness. The earnings impact of the ineffective portion of these hedges was not material for the three-month and six-month periods ended June 30, 2016 and 2015 . The last of the hedges is scheduled to expire in November 2019 . Cash Flow Hedges Management uses derivative instruments, which are designated as hedges, to mitigate the impact of interest rate movements on the fair value of certain liabilities, assets and highly probable forecasted cash flows. These instruments primarily include interest rate swaps that have underlying interest rates based on key benchmark indices and forward sale or purchase commitments. The nature and volume of the derivative instruments used to manage interest rate risk depend on the level and type of assets and liabilities on the balance sheet and the risk management strategies for the current and anticipated interest rate environment. Interest rate swaps are generally used to convert fixed-rate assets and liabilities to variable rate assets and liabilities and vice versa. The Company utilizes interest rate swaps that have a high degree of correlation to the related financial instrument. The last of the hedges is scheduled to expire in December 2030 . The Company includes all components of each derivative's gain or loss in the assessment of hedge effectiveness. The earnings impact of the ineffective portion of these hedges was not material for the three-month and six-month periods ended June 30, 2016 and 2015 . As of June 30, 2016 , the Company expects $0.8 million of gross losses recorded in accumulated other comprehensive loss to be reclassified to earnings during the subsequent twelve months as the future cash flows occur. NOTE 11. DERIVATIVES (continued) Derivatives Designated in Hedge Relationships – Notional and Fair Values Derivatives designated as accounting hedges at June 30, 2016 and December 31, 2015 included: Notional Amount Asset Liability Weighted Average Receive Rate Weighted Average Pay Rate Weighted Average Life (Years) (dollars in thousands) June 30, 2016 Fair value hedges: Interest rate swaps $ 42,000 $ 575 $ 575 2.06 % 2.06 % 2.98 Cash flow hedges: Pay fixed — receive floating interest rate swaps 9,430,103 45 94,499 0.51 % 1.06 % 2.79 Total $ 9,472,103 $ 620 $ 95,074 0.52 % 1.06 % 2.79 December 31, 2015 Fair Value hedges: Cross-currency swaps $ 16,390 $ 3,695 $ 92 4.76 % 4.75 % 0.11 Interest rate swaps 318,000 47 2,006 1.07 % 2.31 % 3.50 Cash flow hedges: Pay fixed — receive floating interest rate swaps 11,030,431 7,295 23,047 0.32 % 1.13 % 3.00 Total $ 11,364,821 $ 11,037 $ 25,145 0.35 % 1.17 % 3.01 See Note 13 for detail of the amounts included in accumulated other comprehensive income related to derivatives activity. Cross-currency swaps designated as hedges matured during the first quarter of 2016. During the second quarter of 2016, the Company terminated cash flow hedges with a notional value of $1.5 billion . Losses of $20.6 million deferred in accumulated other comprehensive income will be reclassified to interest expense in the periods during which the hedged cash flows occur. Also, fair value hedges with a notional value of $356 million were terminated in tandem with the sale of the hedged investments. Other Derivative Activities The Company also enters into derivatives that are not designated as accounting hedges under GAAP. The majority of these derivatives are customer-related derivatives relating to foreign exchange and lending arrangements, as well as derivatives to hedge interest rate risk on SC secured structured financings and the borrowings under its revolving credit facilities. SC uses both interest rate swaps and interest rate caps to satisfy these requirements and to hedge the variability of cash flows on securities issued by Trusts and borrowings under its warehouse facilities. In addition, derivatives are used to manage risks related to residential and commercial mortgage banking and investing activities. Although these derivatives are used to hedge risk and are considered economic hedges, they are not designated as accounting hedges because the contracts they are hedging are typically also carried at fair value on the balance sheet, resulting in generally symmetrical accounting treatment for the hedging instrument and the hedged item. Mortgage Banking Derivatives The Company's derivatives portfolio includes mortgage banking interest rate lock commitments, forward sale commitments and interest rate swaps. As part of its overall business strategy, the Company originates fixed-rate residential mortgages. It sells a portion of this production to the FHLMC, the Federal National Mortgage Association ("FNMA"), and private investors. The Company uses forward sales as a means of hedging against the economic impact of changes in interest rates on the mortgages that are originated for sale and on interest rate lock commitments. NOTE 11. DERIVATIVES (continued) The Company typically retains the servicing rights related to residential mortgage loans that are sold. Residential MSRs are accounted for at fair value. As deemed appropriate, the Company economically hedges MSRs using interest rate swaps and forward contracts to purchase MBS. Customer-related derivatives The Company offers derivatives to its customers in connection with their risk management needs. These financial derivative transactions primarily consist of interest rate swaps, caps, floors and foreign exchange contracts. Risk exposure from customer positions is managed through transactions with other dealers, including Santander. Other derivative activities The Company uses foreign exchange contracts to manage the foreign exchange risk associated with certain foreign currency-denominated assets and liabilities. Foreign exchange contracts, which include spot and forward contracts as well as cross-currency swaps, represent agreements to exchange the currency of one country for the currency of another country at an agreed-upon price on an agreed-upon settlement date. Exposure to gains and losses on these contracts will increase or decrease over their respective lives as currency exchange and interest rates fluctuate. Other derivative instruments primarily include forward contracts related to certain investment securities sales, an OIS, a total return swap on Visa, Inc. Class B common shares, and equity options, which manage the Company's market risk associated with certain investments and customer deposit products. Derivatives Not Designated in Hedge Relationships – Notional and Fair Values Other derivative activities at June 30, 2016 and December 31, 2015 included: Notional Asset derivatives Fair value Liability derivatives Fair value June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 (in thousands) Mortgage banking derivatives: Forward commitments to sell loans $ 661,980 $ 396,518 $ — $ 542 $ 7,996 $ — Interest rate lock commitments 380,757 187,930 9,978 2,540 — — Mortgage servicing 435,000 435,000 24,734 679 3,729 3,502 Total mortgage banking risk management 1,477,737 1,019,448 34,712 3,761 11,725 3,502 Customer related derivatives: Swaps receive fixed 9,735,090 9,060,134 419,483 205,397 1 6,023 Swaps pay fixed 9,975,469 9,273,627 193 16,183 386,146 177,114 Other 2,859,230 3,035,085 49,083 53,418 48,235 52,502 Total customer related derivatives 22,569,789 21,368,846 468,759 274,998 434,382 235,639 Other derivative activities: Foreign exchange contracts 2,605,759 2,513,305 31,846 30,262 31,512 30,144 Interest rate swap agreements 1,582,000 2,399,000 — 1,176 7,225 2,481 Interest rate cap agreements 8,851,540 10,013,912 6,547 32,950 — — Options for interest rate cap agreements 8,851,540 10,013,912 — — 6,550 32,977 Total return settlement 1,404,726 1,404,726 — — 53,543 53,432 Other 1,006,199 899,394 19,390 11,146 20,864 14,553 Total $ 48,349,290 $ 49,632,543 $ 561,254 $ 354,293 $ 565,801 $ 372,728 NOTE 11. DERIVATIVES (continued) Gains (Losses) on All Derivatives The following Condensed Consolidated Statement of Operations line items were impacted by the Company’s derivative activities for the three-month and six-month periods ended June 30, 2016 and 2015 : Three-Month Period Six-Month Period Derivative Activity (1) Line Item 2016 2015 2016 2015 (in thousands) Fair value hedges: Cross-currency swaps Miscellaneous income $ — $ 185 $ 174 $ 149 Interest rate swaps Miscellaneous income 6,253 1,541 1,769 (1,452 ) Cash flow hedges: Pay fixed-receive variable interest rate swaps Net interest income (1,462 ) (3,731 ) (4,125 ) (8,182 ) Other derivative activities: Forward commitments to sell loans Mortgage banking income (4,625 ) 9,122 (8,537 ) 8,935 Interest rate lock commitments Mortgage banking income 2,986 (5,115 ) 7,438 (1,178 ) Mortgage servicing Mortgage banking income 8,757 (9,215 ) 23,827 (10,434 ) Customer related derivatives Miscellaneous income (6,481 ) 654 (4,971 ) 1,072 Foreign exchange Miscellaneous income (7 ) (990 ) 216 (1,864 ) SC non-hedging derivatives Miscellaneous income (698 ) 6,854 (6,197 ) 4,457 Net interest income 15,033 19,316 30,172 37,360 Other administrative expense (1,364 ) (2,078 ) (2,680 ) (14,033 ) Other Miscellaneous income 2,870 987 1,739 (458 ) (1) Gains are disclosed as positive numbers while losses are shown as a negative number regardless of the line item being affected. Disclosures about Offsetting Assets and Liabilities The Company enters into legally enforceable master netting agreements, which reduce risk by permitting netting of transactions with the same counterparty on the occurrence of certain events. A master netting agreement allows two counterparties the ability to net-settle amounts under all contracts, including any related collateral posted, through a single payment and in a single currency. The right to offset and certain terms regarding the collateral process, such as valuation, credit events and settlement, are contained in the ISDA master agreement. The Company's financial instruments, including resell and repurchase agreements, securities lending arrangements, derivatives and cash collateral, may be eligible for offset on its Condensed Consolidated Balance Sheet . The Company has elected to present derivative balances on a gross basis even if the derivative is subject to a legally enforceable master netting ISDA agreements for all trades executed after April 1, 2013. Collateral that is received or pledged for these transactions is disclosed within the “Gross amounts not offset in the Condensed Consolidated Balance Sheet ” section of the tables below. Prior to April 1, 2013, the Company had elected to net all caps, floors, and interest rate swaps when it had an ISDA agreement with the counterparty. The collateral received or pledged in connection with these transactions is disclosed within the “Gross amounts offset in the Condensed Consolidated Balance Sheet " section of the tables below. NOTE 11. DERIVATIVES (continued) Information about financial assets and liabilities that are eligible for offset on the Condensed Consolidated Balance Sheet as of June 30, 2016 and December 31, 2015 , respectively, is presented in the following tables: Offsetting of Financial Assets Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet Gross Amounts of Recognized Assets Gross Amounts Offset in the Condensed Consolidated Balance Sheet Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheet Financial Instruments Cash Collateral Received Net Amount (in thousands) June 30, 2016 Fair value hedges $ 575 $ — $ 575 $ — $ — $ 575 Cash flow hedges 45 — 45 — — 45 Other derivative activities (1) 551,276 6,747 544,529 4,663 6,394 533,472 Total derivatives subject to a master netting arrangement or similar arrangement 551,896 6,747 545,149 4,663 6,394 534,092 Total derivatives not subject to a master netting arrangement or similar arrangement (2) 9,978 — 9,978 — — 9,978 Total Derivative Assets $ 561,874 $ 6,747 $ 555,127 $ 4,663 $ 6,394 $ 544,070 Total Financial Assets $ 561,874 $ 6,747 $ 555,127 $ 4,663 $ 6,394 $ 544,070 December 31, 2015 Fair value hedges $ 3,742 $ — $ 3,742 $ — $ — $ 3,742 Cash flow hedges 7,295 — 7,295 — — 7,295 Other derivative activities (1) 351,761 10,161 341,600 8,008 16,424 317,168 Total derivatives subject to a master netting arrangement or similar arrangement 362,798 10,161 352,637 8,008 16,424 328,205 Total derivatives not subject to a master netting arrangement or similar arrangement (2) 2,532 — 2,532 — — 2,532 Total Derivative Assets $ 365,330 $ 10,161 $ 355,169 $ 8,008 $ 16,424 $ 330,737 Total Financial Assets $ 365,330 $ 10,161 $ 355,169 $ 8,008 $ 16,424 $ 330,737 (1) Includes customer-related and other derivatives (2) Includes mortgage banking derivatives NOTE 11. DERIVATIVES (continued) Offsetting of Financial Liabilities Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Condensed Consolidated Balance Sheet Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheet Financial Instruments Cash Collateral Pledged Net Amount (in thousands) June 30, 2016 Fair value hedges $ 575 $ — $ 575 $ — $ — $ 575 Cash flow hedges 94,499 — 94,499 — 82,473 12,026 Other derivative activities (1) 511,129 83,758 427,371 3,037 346,646 77,688 Total derivatives subject to a master netting arrangement or similar arrangement 606,203 83,758 522,445 3,037 429,119 90,289 Total derivatives not subject to a master netting arrangement or similar arrangement (2) 54,672 — 54,672 — — 54,672 Total Derivative Liabilities $ 660,875 $ 83,758 $ 577,117 $ 3,037 $ 429,119 $ 144,961 Total Financial Liabilities $ 660,875 $ 83,758 $ 577,117 $ 3,037 $ 429,119 $ 144,961 December 31, 2015 Fair value hedges $ 2,098 $ — $ 2,098 $ 87 $ 10,602 $ (8,591 ) Cash flow hedges 23,047 — 23,047 — 39,388 (16,341 ) Other derivative activities (1) 319,296 77,734 241,562 4,265 208,305 28,992 Total derivatives subject to a master netting arrangement or similar arrangement 344,441 77,734 266,707 4,352 258,295 4,060 Total derivatives not subject to a master netting arrangement or similar arrangement (2) 53,432 — 53,432 — — 53,432 Total Derivative Liabilities $ 397,873 $ 77,734 $ 320,139 $ 4,352 $ 258,295 $ 57,492 Total Financial Liabilities $ 397,873 $ 77,734 $ 320,139 $ 4,352 $ 258,295 $ 57,492 (1) Includes customer-related and other derivatives (2) Includes mortgage banking derivatives

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income tax provisions of $134.6 million and $200.0 million were recorded for the three-month and six-month periods ended June 30, 2016 , respectively, compared to $125.1 million and $162.0 million for the corresponding periods in 2015 . This resulted in effective tax rates of 34.7% and 37.2% for the three-month and six-month periods ended June 30, 2016 , respectively, compared to 31.0% and 28.6% for the corresponding periods in 2015 . The Company recognized discrete income tax provisions of $3.6 million and $6.6 million , respectively, for the three-month and six-month periods ended June 30, 2016 and discrete income tax benefits of $10.2 million and $32.2 million , respectively, for the three-month and six-month periods ended June 30, 2015 , which resulted in the higher effective tax rates for the three-month and six-month periods ended June 30, 2016 . NOTE 12. INCOME TAXES (continued) The Company is subject to the income tax laws of the U.S., its states and municipalities and certain foreign countries. These tax laws are complex and are potentially subject to different interpretations by the taxpayer and the relevant governmental taxing authorities. In establishing a provision for income tax expense, the Company must make judgments and interpretations about the application of these inherently complex tax laws. Actual income taxes paid may vary from estimates depending upon changes in income tax laws, actual results of operations, and the final audit of tax returns by taxing authorities. Tax assessments may arise several years after tax returns have been filed. The Company reviews its tax balances quarterly and, as new information becomes available, the balances are adjusted as appropriate. The Company is subject to ongoing tax examinations and assessments in various jurisdictions. The Company has a lawsuit pending against the United States in Federal District Court in Massachusetts relating to the proper tax consequences of two financing transactions with an international bank through which the Company borrowed $1.2 billion . As a result of these financing transactions, the Company paid foreign taxes of $264.0 million during the years 2003 through 2007 and claimed a corresponding foreign tax credit for foreign taxes paid during those years, which the Internal Revenue Service ("IRS") disallowed. The IRS also disallowed the Company's deductions for interest expense and transaction costs, totaling $74.6 million in tax liability, and assessed penalties and interest totaling approximately $92.5 million . The Company has paid the taxes, penalties and interest associated with the IRS adjustments for all tax years, and the lawsuit will determine whether the Company is entitled to a refund of the amounts paid. The Company has recorded a receivable in the Other assets line of the Condensed Consolidated Balance Sheets for the amount of these payments, less a tax reserve of $230.1 million , as of June 30, 2016 . On November 13, 2015, the Federal District Court issued a written opinion in favor of the Company on all contested issues, and in a judgment issued on January 13, 2016, ordered amounts assessed by the IRS for the years 2003 through 2005 to be refunded to the Company. On March 11, 2016, the IRS filed a notice of appeal. The appeal was heard in the First Circuit on November 9, 2016. In 2013, two different federal courts decided cases involving similar financing structures entered into by the Bank of New York Mellon Corp. ("BNY Mellon") and BB&T Corp. ("BB&T") in favor of the IRS. BNY Mellon and BB&T each appealed. On May 14, 2015, the Court of Appeals for the Federal Circuit decided BB&T's appeal by affirming the trial court's decision to disallow BB&T's foreign tax credits and to allow penalties, but reversed the trial court and allowed BB&T's entitlement to interest deductions. On September 9, 2015, the Court of Appeals for the Second Circuit upheld the trial court's decision in BNY Mellon's case, allowing BNY Mellon to claim interest deductions, but disallowing BNY Mellon's claimed foreign tax credits. On September 29, 2015, BB&T filed a petition requesting the U.S. Supreme Court to hear its appeal of the Federal Circuit Court’s decision. BNY Mellon filed a petition requesting the U.S. Supreme Court hear its appeal of the Second Circuit’s decision on November 3, 2015. On March 7, 2016, the U.S. Supreme Court denied BB&T's and BNY Mellon's petitions. The Company has not changed its reserve position as of June 30, 2016 , and remains confident in the legal merits of its position and believes its reserve amount adequately provides for potential exposure to the IRS related to these items. Over the next 12 months, it is reasonably possible that changes in the reserve for uncertain tax positions could range from a decrease of $230.1 million to an increase of $201.9 million . With few exceptions, the Company is no longer subject to federal, state and non-US income tax examinations by tax authorities for years prior to 2003.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME / (LOSS)	6 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME / (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME / (LOSS) The following table presents the components of accumulated other comprehensive income/(loss), net of related tax, for the three-month and six-month periods ended June 30, 2016 , and 2015 , respectively. Total Other Comprehensive Income/(Loss) Total Accumulated Three-Month Period Ended June 30, 2016 March 31, 2016 June 30, 2016 Pretax Activity Tax Effect Net Activity Beginning Balance Net Activity Ending Balance (in thousands) Change in accumulated (losses)/gains on cash flow hedge derivative financial instruments $ (16,806 ) $ 627 $ (16,179 ) Reclassification adjustment for net gains/(losses) on cash flow hedge derivative financial instruments (1) 1,462 (55 ) 1,407 Net unrealized (losses)/gains on cash flow hedge derivative financial instruments (15,344 ) 572 (14,772 ) $ (49,109 ) $ (14,772 ) $ (63,881 ) Change in unrealized gains/(losses) on investment securities available-for-sale 84,909 (33,295 ) 51,614 Reclassification adjustment for net (gains)/losses included in net income/(expense) on non-OTTI securities (2) (31,339 ) 12,289 (19,050 ) Reclassification adjustment for net losses/(gains) included in net income/(expense) on OTTI securities (3) 34 (13 ) 21 Reclassification adjustment for net (gains)/losses included in net income (31,305 ) 12,276 (19,029 ) Net unrealized gains/(losses) on investment securities available-for-sale 53,604 (21,019 ) 32,585 48,898 32,585 81,483 Pension and post-retirement actuarial gain/(loss) (4) 929 (364 ) 565 (26,468 ) 565 (25,903 ) As of June 30, 2016 $ 39,189 $ (20,811 ) $ 18,378 $ (26,679 ) $ 18,378 $ (8,301 ) (1) Net gains reclassified into Interest on borrowings and other debt obligations in the Condensed Consolidated Statement of Operations for settlements of interest rate swap contracts designated as cash flow hedges in Note 11 to the Condensed Consolidated Financial Statements . (2) Net gains reclassified into Net gain on sale of investment securities in the Condensed Consolidated Statement of Operations for the sale of available-for-sale securities. (3) Unrealized losses previously recognized in accumulated other comprehensive income on securities for which OTTI was recognized during the period. See further discussion in Note 3 to the Condensed Consolidated Financial Statements . (4) Included in the computation of net periodic pension costs. NOTE 13. ACCUMULATED OTHER COMPREHENSIVE INCOME / (LOSS) (continued) Total Other Total Accumulated For the Six-Month Period Ended June 30, 2016 December 31, 2015 June 30, 2016 Pretax Tax Net Activity Beginning Net Ending (in thousands) Change in accumulated (losses)/gains on cash flow hedge derivative financial instruments $ (81,001 ) $ 31,164 $ (49,837 ) Reclassification adjustment for net gains/(losses) on cash flow hedge derivative financial instruments (1) 4,125 (1,587 ) 2,538 Net unrealized (losses)/gains on cash flow hedge derivative financial instruments (76,876 ) 29,577 (47,299 ) $ (16,582 ) $ (47,299 ) $ (63,881 ) Change in unrealized gains/(losses) on investment securities available-for-sale 350,084 (137,526 ) 212,558 Reclassification adjustment for net (gains)/losses included in net income/(expense) on non-OTTI securities (2) (57,770 ) 22,694 (35,076 ) Reclassification adjustment for net losses/(gains) included in net income/(expense) on OTTI securities (3) 44 (17 ) 27 Reclassification adjustment for net (gains)/losses included in net income (57,726 ) 22,677 (35,049 ) Net unrealized gains/(losses) on investment securities available-for-sale 292,358 (114,849 ) 177,509 (96,026 ) 177,509 81,483 Pension and post-retirement actuarial gains/(losses) (4) 1,858 (728 ) 1,130 (27,033 ) 1,130 (25,903 ) As of June 30, 2016 $ 217,340 $ (86,000 ) $ 131,340 $ (139,641 ) $ 131,340 $ (8,301 ) (1) Net gains reclassified into Interest on borrowings and other debt obligations in the Condensed Consolidated Statement of Operations for settlements of interest rate swap contracts designated as cash flow hedges in Note 11 to the Condensed Consolidated Financial Statements . (2) Net gains reclassified into Net gain on sale of investment securities in the Condensed Consolidated Statement of Operations for the sale of available-for-sale securities. (3) Unrealized losses previously recognized in accumulated other comprehensive income on securities for which OTTI was recognized during the period. See further discussion in Note 3 to the Condensed Consolidated Financial Statements . (4) Included in the computation of net periodic pension costs. NOTE 13. ACCUMULATED OTHER COMPREHENSIVE INCOME / (LOSS) (continued) Total Other Total Accumulated Three-Month Period Ended June 30, 2015 March 31, 2015 June 30, 2015 Pretax Tax Net Activity Beginning Net Ending (in thousands) Change in accumulated gains/(losses) on cash flow hedge derivative financial instruments $ 7,763 $ (2,891 ) $ 4,872 Reclassification adjustment for net gains/(losses) on cash flow hedge derivative financial instruments (1) 3,732 (1,390 ) 2,342 Net unrealized gains/(losses) on cash flow hedge derivative financial instruments 11,495 (4,281 ) 7,214 $ (29,375 ) $ 7,214 $ (22,161 ) Change in unrealized (losses)/gains on investment securities available-for-sale (133,445 ) 51,195 (82,250 ) Reclassification adjustment for net (gains)/losses included in net income/(expense) on non-OTTI securities (2) (10,799 ) 4,143 (6,656 ) Reclassification adjustment for net losses/(gains) included in net income/(expense) on OTTI securities (3) 1,092 (419 ) 673 Reclassification adjustment for net (gains)/losses included in net income (9,707 ) 3,724 (5,983 ) Net unrealized (losses)/gains on investment securities available-for-sale (143,152 ) 54,919 (88,233 ) 13,475 (88,233 ) (74,758 ) Pension and post-retirement actuarial gains/(losses) (3) 1,018 (581 ) 437 (29,020 ) 437 (28,583 ) As of June 30, 2015 $ (130,639 ) $ 50,057 $ (80,582 ) $ (44,920 ) $ (80,582 ) $ (125,502 ) (1) Net gains reclassified into Interest on borrowings and other debt obligations in the Condensed Consolidated Statement of Operations for settlements of interest rate swap contracts designated as cash flow hedges in Note 11 . (2) Net gains reclassified into Net gains on sale of investment securities sales in the Condensed Consolidated Statement of Operations for the sale of available-for-sale securities. (3) Included in the computation of net periodic pension costs. NOTE 13. ACCUMULATED OTHER COMPREHENSIVE INCOME / (LOSS) (continued) Total Other Total Accumulated For the Six-Month Period Ended Jun 30, 2015 December 31, 2014 June 30, 2015 Pretax Tax Net Activity Beginning Net Ending (in thousands) Change in accumulated (losses)/gains on cash flow hedge derivative financial instruments $ (21,246 ) $ 8,395 $ (12,851 ) Reclassification adjustment for net gains/(losses) on cash flow hedge derivative financial instruments (1) 8,183 (3,233 ) 4,950 Net unrealized (losses)/gains on cash flow hedge derivative financial instruments (13,063 ) 5,162 (7,901 ) $ (14,260 ) $ (7,901 ) $ (22,161 ) Change in unrealized (losses)/gains on investment securities available-for-sale (15,664 ) 5,689 (9,975 ) Reclassification adjustment for net(losses)/gains included in net income/(expense) on non-OTTI securities (2) (20,356 ) 7,393 (12,963 ) Reclassification adjustment for net losses/(gains) included in net income/(expense) on OTTI securities (3) 1,092 (397 ) 695 Reclassification adjustment for net (losses)/gains included in net income (19,264 ) 6,996 (12,268 ) Net unrealized (losses)/gains on investment securities available-for-sale (34,928 ) 12,685 (22,243 ) (52,515 ) (22,243 ) (74,758 ) Pension and post-retirement actuarial gains/(losses) (3) 2,036 (984 ) 1,052 (29,635 ) 1,052 (28,583 ) As of June 30, 2015 $ (45,955 ) $ 16,863 $ (29,092 ) $ (96,410 ) $ (29,092 ) $ (125,502 ) (1) Net losses reclassified into Interest on borrowings and other debt obligations in the Condensed Consolidated Statement of Operations for settlements of interest rate swap contracts designated as cash flow hedges. (2) Net gains reclassified into Net gain on sale of investment securities sales in the Condensed Consolidated Statement of Operations for the sale of available-for-sale securities. (3) Included in the computation of net periodic pension costs.

COMMITMENTS, CONTINGENCIES AND

COMMITMENTS, CONTINGENCIES AND GUARANTEES	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS, CONTINGENCIES AND GUARANTEES	COMMITMENTS, CONTINGENCIES AND GUARANTEES Off-Balance Sheet Risk - Financial Instruments In the normal course of business, the Company utilizes a variety of financial instruments with off-balance sheet risk to meet the financing needs of its customers and manage its exposure to fluctuations in interest rates. These financial instruments include commitments to extend credit, letters of credit, loans sold with recourse, forward contracts, and interest rate and cross currency swaps, caps and floors. These financial instruments may involve, to varying degrees, elements of credit, liquidity, and interest rate risk in excess of the amount recognized on the Condensed Consolidated Balance Sheet . The contractual or notional amounts of these financial instruments reflect the extent of involvement the Company has in particular classes of financial instruments. NOTE 14. COMMITMENTS, CONTINGENCIES AND GUARANTEES (continued) The Company’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for commitments to extend credit, letters of credit and loans sold with recourse is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. For forward contracts and interest rate swaps, caps and floors, the contract or notional amounts do not represent exposure to credit loss. The Company controls the credit risk of its forward contracts and interest rate swaps, caps and floors through credit approvals, limits and monitoring procedures. See Note 11 to these Condensed Consolidated Financial Statements for discussion of all derivative contract commitments. The following table details the amount of commitments at the dates indicated: Other Commitments June 30, 2016 December 31, 2015 (in thousands) Commitments to extend credit (1) $ 22,886,984 $ 31,379,039 Letters of credit 1,824,432 1,832,884 Recourse exposure on sold loans 71,682 70,394 Commitments to sell loans 104,475 56,982 Total commitments $ 24,887,573 $ 33,339,299 (1) Commitments to extend credit excludes commitments that can be canceled by the Company without notice. Commitments to Extend Credit Commitments to extend credit generally have fixed expiration dates, are variable rate, and contain provisions that permit the Company to terminate or otherwise renegotiate the contracts in the event of a significant deterioration in the customer’s credit quality. These arrangements normally require payment of a fee by the customer, the pricing of which is based on prevailing market conditions, credit quality, probability of funding, and other relevant factors. Since many of these commitments are expected to expire without being drawn upon, the contract amounts are not necessarily indicative of future cash requirements. During the three-month and six-month periods ended June 30, 2016 , SBNA transferred and settled $3.7 billion and $6.0 billion , respectively, of unfunded commitments to extend credit to an unconsolidated related party for a gain on sale of $4.2 million and a loss on sale of $2.1 million , respectively. Subsequent to June 30, 2016 but prior to the issuance of these financial statements, SBNA transferred and settled an additional $528.0 million of unfunded commitments to extend credit to an unconsolidated related party for a gain on sale of $0.5 million . The following table details the amount of commitments to extend credit expiring per period as of the dates indicated: June 30, 2016 December 31, 2015 (in thousands) 1 year or less $ 4,557,649 $ 6,451,239 Over 1 year to 3 years 4,690,687 5,250,512 Over 3 years to 5 years 5,158,780 12,136,625 Over 5 years (1) 8,479,868 7,540,663 Total $ 22,886,984 $ 31,379,039 (1) Includes certain commitments to extend credit that do not have a contractual maturity date, but are expected to be outstanding greater than 5 years . Unsecured Revolving Lines of Credit Such commitments, included in the Commitments to extend credit table above, arise primarily from agreements with customers for unused lines of credit on unsecured revolving accounts and credit cards, provided there is no violation of conditions in the underlying agreement. These commitments, substantially all of which the Company can terminate at any time and which do not necessarily represent future cash requirements, are periodically reviewed based on account usage, customer creditworthiness and loan qualifications. NOTE 14. COMMITMENTS, CONTINGENCIES AND GUARANTEES (continued) Letters of Credit The Company’s letters of credit meet the definition of a guarantee. Letters of credit commit the Company to make payments on behalf of its customers if specified future events occur. The guarantees are primarily issued to support public and private borrowing arrangements. The weighted average term of these commitments is 13.2 months. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. In the event of a requested draw by the beneficiary that complies with the terms of the letter of credit, the Company would be required to honor the commitment. The Company has various forms of collateral for these letters of credit, including real estate assets and other customer business assets. The maximum undiscounted exposure related to these commitments at June 30, 2016 was $1.8 billion . The fees related to letters of credit are deferred and amortized over the life of the respective commitments and were immaterial to the Company’s financial statements at June 30, 2016 . Management believes that the utilization rate of these letters of credit will continue to be substantially less than the amount of the commitments, as has been the Company’s experience to date. As of June 30, 2016 and December 31, 2015 , the liability related to these letters of credit was $25.3 million and $29.9 million , respectively, which is recorded within the reserve for unfunded lending commitments in Other liabilities on the Condensed Consolidated Balance Sheet . The credit risk associated with letters of credit is monitored using the same risk rating system utilized within the loan and financing lease portfolio. Also included within the reserve for unfunded lending commitments at June 30, 2016 and December 31, 2015 were lines of credit outstanding of $130.0 million and $117.5 million , respectively. The following table details the amount of letters of credit expiring per period as of the dates indicated: June 30, 2016 December 31, 2015 (in thousands) 1 year or less $ 1,349,822 $ 1,230,424 Over 1 year to 3 years 352,120 308,634 Over 3 years to 5 years 97,783 268,946 Over 5 years 24,707 24,880 Total $ 1,824,432 $ 1,832,884 Loans Sold with Recourse The Company has loans sold with recourse that meet the definition of a guarantee. For loans sold with recourse under the terms of its multifamily sales program with FNMA, the Company retained a portion of the associated credit risk. The unpaid principal balance outstanding of loans sold in these programs was $466.5 million as of June 30, 2016 and $552.1 million as of December 31, 2015 . As a result of its agreement with FNMA, the Company retained a 100% first loss position on each multifamily loan sold to FNMA until the earlier to occur of (i) the aggregate approved losses on multifamily loans sold to FNMA reaching the maximum loss exposure for the portfolio as a whole of $34.4 million as of June 30, 2016 and $34.4 million as of December 31, 2015 , or (ii) the time when such loans sold to FNMA under this program are fully paid off. Any losses sustained as a result of impediments in standard representations and warranties would be in addition to the maximum loss exposure. The Company has established a liability which represents the fair value of the retained credit exposure and the amount the Company estimates it would have to pay a third party to assume the retained recourse obligation. The estimated liability is calculated as the present value of losses that the portfolio is projected to incur based upon internal specific information and an industry-based default curve with a range of estimated losses. At June 30, 2016 and December 31, 2015 , the Company had $5.5 million and $6.8 million , respectively, of reserves classified in Accrued expenses and payables on the Condensed Consolidated Balance Sheets related to the fair value of the retained credit exposure for loans sold to the FNMA under this program. The Company's commitment will expire in March 2039 based on the maturity of the loans sold with recourse. Losses sustained by the Company may be offset, or partially offset, by proceeds resulting from the disposition of the underlying mortgaged properties. Approval from the FNMA is required for all transactions related to the liquidation of properties underlying the mortgages. NOTE 14. COMMITMENTS, CONTINGENCIES AND GUARANTEES (continued) Commitments to Sell Loans The Company enters into forward contracts relating to its mortgage banking business to hedge the exposures from commitments to make new residential mortgage loans with existing customers and from mortgage loans classified as LHFS. These contracts mature in less than one year . SC Commitments SC is obligated to make purchase price holdback payments to a third-party originator of auto loans it has purchased, when losses are lower than originally expected. SC also is obligated to make total return settlement payments to this third-party originator in 2016 and 2017 if returns on the purchased pools are greater than originally expected. Under terms of agreements with LendingClub, SC was previously committed to purchase a portion of "near-prime" (as that term is defined in the agreements) originations through July 2017. On October 9, 2015, SC sent a notice of termination to LendingClub, and, accordingly, ceased originations on this platform on January 7, 2016. SC committed to purchase certain new advances on personal revolving financings originated by a third-party retailer, along with existing balances on accounts with new advances, for an initial term ending in April 2020 and renewing through April 2022 at the retailer's option. Each customer account generated under the agreements generally is approved with a credit limit higher than the amount of the initial purchase, with each subsequent purchase automatically approved as long as it does not cause the account to exceed its limit and the customer is in good standing. As these credit lines do not have a specified maturity, but rather can be terminated at any time in the event of adverse credit changes or lack of use, SC has not recorded an allowance for unfunded commitments. As of June 30, 2016 and December 31, 2015 , SC was obligated to purchase $12.4 million and $12.5 million , respectively, in receivables that had been originated by the retailer but not yet purchased by SC. SC also is required to make a profit-sharing payment to the retailer each month if performance exceeds a specified return threshold. The retailer also has the right to repurchase up to 9.99% of the existing portfolio at any time during the term of the agreement, and, provided that repurchase right is exercised, has the right to retain up to 20% of new accounts subsequently originated. Under terms of an application transfer agreement with an original equipment manufacturer ("OEM") other than FCA, SC has the first opportunity to review for its own portfolio any credit applications turned down by the OEM's captive finance company. The agreement does not require SC to originate any loans, but for each loan originated SC pays the OEM a referral fee, comprised of a volume bonus fee and a loss betterment bonus fee. The loss betterment bonus fee is calculated annually and is based on the amount by which losses on loans originated under the agreement are lower than an established percentage threshold. In connection with the sale of RICs through securitizations and other sales, SC has made standard representations and warranties customary to the consumer finance industry. Violations of these representations and warranties may require SC to repurchase loans previously sold to on- or off-balance sheet trusts or other third parties. As of June 30, 2016 , there were no loans that were the subject of a demand to repurchase or replace for breach of representations and warranties for SC's ABS or other sales. In the opinion of management, the potential exposure of other recourse obligations related to SC’s retail installment contract sales agreements will not have a material adverse effect on SC’s consolidated financial position, results of operations, or cash flows. Santander has provided guarantees on the covenants, agreements, and obligations of SC under the governing documents of its warehouse facilities and privately issued amortizing notes. These guarantees are limited to the obligations of SC as servicer. Under terms of the Chrysler Agreement, SC must make revenue-sharing payments to FCA and also must make gain-sharing payments when residual gains on leased vehicles exceed a specified threshold. SC had accrued $15.0 million and $12.1 million at June 30, 2016 and December 31, 2015 , respectively, related to these obligations. NOTE 14. COMMITMENTS, CONTINGENCIES AND GUARANTEES (continued) SC has a flow agreement with Bank of America under which SC is committed to sell up to a specified amount of eligible loans to Bank of America each month through May 2018 . Prior to October 1, 2015, the amount of this monthly commitment was $300.0 million . On October 1, 2015 , SC and Bank of America amended the flow agreement to increase the maximum commitment to sell to $350.0 million of eligible loans each month, and to change the required written notice period from either party to terminate the agreement from 120 days to 90 days. Subsequently, on July 27, 2016, SC and Bank of America further amended the flow agreement to reduce the maximum commitment to sell eligible loans each month to the original contractual amount of $300.0 million from $350.0 million . On October 27, 2016, Bank of America notified the Company that it is terminating the flow agreement effective January 31, 2017. SC retains servicing on all sold loans and may receive or pay a servicer performance payment based on an agreed-upon formula if performance on the sold loans is better or worse, respectively, than expected performance at time of sale. SC had accrued $8.6 million and $6.3 million at June 30, 2016 and December 31, 2015 , respectively, related to this obligation. SC has sold loans to Citizens Bank of Pennsylvania ("CBP") under terms of a flow agreement and predecessor sale agreements. On June 25, 2015 , SC and CBP amended the flow agreement to reduce, effective August 1, 2015 , CBP's committed purchases of Chrysler Capital prime loans from a maximum of $600.0 million and a minimum of $250.0 million per quarter to a maximum of $200.0 million and a minimum of $50.0 million per quarter, as may be adjusted according to the agreement. SC retains servicing on the loans sold and will owe CBP a loss-sharing payment capped at 0.5% of the original pool balance if losses exceed a specified threshold, established on a pool-by-pool basis. SC had accrued $2.3 million and $3.4 million at June 30, 2016 and December 31, 2015 , respectively, related to this loss-sharing obligation. As of June 30, 2016 , SC is party to a forward flow asset sale agreement with a third party under terms of which SC is committed to sell charged-off loan receivables in bankruptcy status on a quarterly basis until sales total at least $350.0 million in proceeds. Any sale after total sales have reached $275.0 million is subject to a market price check. As of June 30, 2016 and December 31, 2015 , the remaining aggregate commitment was $168.5 million and $200.7 million , respectively. In connection with the bulk sales of Chrysler Capital leases to a third party, SC is obligated to make quarterly payments to the purchaser sharing residual losses for lease terminations with losses over a specific percentage threshold. The estimated guarantee liability, net, was $1.0 million and $2.9 million , net, as of June 30, 2016 and December 31, 2015 , respectively. Pursuant to the terms of a Separation Agreement among former SC CEO Thomas G. Dundon, SC, DDFS LLC, SHUSA and Santander, upon satisfaction of applicable conditions, including receipt of required regulatory approvals, the Company will accrue and pay Mr. Dundon a cash payment of up to $115.1 million . Other Off-Balance Sheet Risk Other off-balance sheet risk stems from financial instruments that do not meet the definition of guarantees under applicable accounting guidance, and from other relationships that include items such as indemnifications provided in the ordinary course of business and intercompany guarantees. Litigation and Regulatory Matters In the ordinary course of business, the Company and its subsidiaries are routinely parties to pending and threatened legal actions and proceedings, including class action claims. These actions and proceedings are generally based on alleged violations of consumer protection, securities, environmental, banking, employment and other laws. In some of these actions and proceedings, claims for substantial monetary damages are asserted against the Company and its subsidiaries. In the ordinary course of business, the Company and its subsidiaries are also subject to regulatory examinations, inspections, information-gathering requests, inquiries and investigations, including by the Board of Governors of the Federal Reserve System (the “Federal Reserve”), the Office of the Comptroller of the Currency (the “OCC”), the Consumer Financial Protection Bureau (the “CFPB”), the Federal Deposit Insurance Corporation (the “FDIC”), the Department of Justice (the “DOJ”), the SEC, state attorneys general, and other governmental, enforcement and regulatory authorities. NOTE 14. COMMITMENTS, CONTINGENCIES AND GUARANTEES (continued) In view of the inherent difficulty of predicting the outcome of such litigation and regulatory matters, particularly where the claimants seek very large or indeterminate damages or where the matters present novel legal theories or involve a large number of parties, the Company generally cannot predict the eventual outcome of the pending matters, the timing of the ultimate resolution of the matters, or the eventual loss, fines or penalties related to the matter. The Company does not presently anticipate that the ultimate aggregate liability, if any, arising out of such other legal proceedings will have a material effect on its financial position. In accordance with applicable accounting guidance, the Company establishes an accrued liability for litigation and regulatory matters when those matters present loss contingencies that are both probable and estimable. In such cases, there may be an exposure to loss in excess of any amounts accrued. When a loss contingency is not both probable and estimable, the Company does not establish an accrued liability. As a litigation, enforcement, or regulatory matter develops, the Company in conjunction with any outside counsel handling the matter, evaluates on an ongoing basis whether the matter presents a loss contingency that is probable and estimable, during which quarter an accrued liability is established with respect to such loss contingency. The Company continues to monitor the matter for further developments that could affect the amount of the accrued liability previously established. For certain of the Company's legal matters, the Company is able to estimate a range of reasonably possible losses. For other matters for which some loss is probable or reasonably possible, such an estimate is not possible. While the outcome of legal proceedings is inherently uncertain, based on information currently available, advice of counsel and available insurance coverage, management believes that the established legal reserves at June 30, 2016 are adequate and the liabilities arising from legal proceedings will not have a material adverse effect on the consolidated financial position, consolidated results of operations or consolidated cash flows of the Company. However, in the event of unexpected future developments, it is possible that the ultimate resolution of these matters, if unfavorable, may be material to the consolidated financial position, consolidated results of operations or consolidated cash flows of the Company. The regulatory matters for which it is reasonably possible that the Company will incur a significant loss are described below. The Company may include in some of the descriptions of individual disclosed matters certain quantitative information related to the plaintiff's claim against the Company as alleged in the plaintiff's pleadings or other public filings or otherwise based on publicly available information. While information of this type may provide insight into the potential magnitude of a matter, it does not necessarily represent the Company's estimate of reasonably possible loss or its judgment as to any currently appropriate accrual. Refer to Note 12 to these Condensed Consolidated Financial Statements for disclosure regarding the lawsuit filed by the Company against the IRS/United States. Other Regulatory and Governmental Matters Foreclosure Matters On May 22, 2013 , the Bank received a subpoena from the U.S. Attorney's Office for the Southern District of New York seeking information regarding claims for foreclosure expenses incurred in connection with the foreclosure of loans insured or guaranteed by the Federal Housing Financing Agency, the FNMA or the FHLMC. The Bank is cooperating with the investigation; however, there can be no assurance that claims or litigation will not arise from this matter. On June 16, 2015, the Bank entered into a consent order with the OCC (the "order") amending a prior consent order issued by the Office of Thrift Supervision in 2011 as well as the 2013 amendment to the Order (the “2015 Amendment”). The 2015 Amendment outlined nine actionable items that remained outstanding from the Order, and imposed certain supervisory restrictions on the Bank's mortgage origination and servicing business. These restrictions required the Bank to obtain prior supervisory non objection from the OCC before engaging in certain new or broader mortgage origination and servicing activities or appointing new senior mortgage servicing officers. The Bank has addressed the nine actionable items. On February 8, 2016, the OCC terminated the Order in its entirety and assessed a civil monetary penalty of $3.4 million , which has been paid by the Bank. NOTE 14. COMMITMENTS, CONTINGENCIES AND GUARANTEES (continued) Sovereign Identity Theft Protection Product ("SIP") Matter In 2014, the Bank commenced discussions with the OCC to address concerns that some customers may have paid for but did not receive certain benefits of SIP, an identity theft protection product, from the Bank's third-party vendor. In response to those concerns, as of June 30, 2016 , the Bank had made $37.3 million in total remediation payments to customers. Notwithstanding those payments, on March 26, 2015, the Bank entered into a Consent Cease and Desist Order ("SIP Consent Order") with the OCC regarding identified deficiencies in SBNA's billing practices with regard to SIP. Pursuant to the SIP Consent Order, the Bank paid a civil monetary penalty of $6.0 million and agreed to remediate customers who paid for but may not have received certain benefits of SIP. As indicated above, as of the end of 2014, all customers had been mailed a refund representing the amount paid for product enrollment. Subsequently, the Bank commenced a further review in order to remediate checking account customers who may have been charged an overdraft fee and credit card customers who may have been charged an over limit fee and/or finance charge related to SIP product fees. The approximate amount of the expected additional remediation was $5.2 million . On June 26, 2015, the Bank sent its formal response to the SIP Consent Order. On October 15, 2015, the OCC responded objecting to the Bank's response and proposed reimbursement and action plans. On December 14, 2015, the Bank re-submitted a revised response and enhanced reimbursement and action plans. On December 21, 2015 received a notice of non-objection to that response and those plans from the OCC. Since that time, the actions and remediation set forth in the action plans are underway as is ongoing reporting to the OCC. Overdraft Coverage Consent Order On April 1, 2014 , the Bank received a civil investigative demand from the CFPB requesting information and documents in connection with the Bank’s marketing to consumers of overdraft coverage for ATM and/or onetime debit card transactions through a third party vendor. On July 14, 2016, the Bank entered into a Consent Order with the CFPB regarding the Bank’s overdraft coverage practices for ATM and onetime debit card transactions. Pursuant to the terms of the Consent Order, the Bank paid a civil monetary penalty of $10.0 million and agreed to validate the overdraft coverage elections made by customers who opted in to overdraft coverage for ATM and onetime debit card transactions as a result of telemarketing by the third party vendor. The Bank is also required to make certain changes to its third party vendor oversight policy and its customer complaint policy. The Bank is working to meet the Consent Order requirements. However, it is possible that additional regulatory action could be taken and/or litigation filed as a result of these issues. SC Matters Periodically, SC is party to, or otherwise involved in, various lawsuits and other legal proceedings and supervisory and regulatory enforcement actions that arise in the ordinary course of business. On August 26, 2014 , a purported securities class action lawsuit was filed in the United States District Court, Southern District of New York, captioned Steck v. Santander Consumer USA Holdings Inc. et al., No. 1:14-cv-06942 (the Deka Lawsuit). On October 6, 2014 , another purported securities class action lawsuit was filed in the District Court of Dallas County, State of Texas, captioned Kumar v. Santander Consumer USA Holdings, et al., No. DC-14-11783, which was subsequently removed to the United States District Court, Northern District of Texas and re-captioned Kumar v. Santander Consumer USA Holdings, et al., No. 3:14-CV-3746 (the Kumar Lawsuit). NOTE 14. COMMITMENTS, CONTINGENCIES AND GUARANTEES (continued) Both the Deka Lawsuit and the Kumar Lawsuit were brought against SC, certain of its current and former directors and executive officers and certain institutions that served as underwriters in SC's IPO on behalf of a class consisting of those who purchased or otherwise acquired securities between January 23, 2014 and June 12, 2014. In February 2015, the Kumar Lawsuit was voluntarily dismissed with prejudice. In June 2015, the venue of the Deka Lawsuit was transferred to the United States District Court, Northern District of Texas. In September 2015, the court granted a motion to appoint lead plaintiffs and lead counsel, and the Deka Lawsuit is now captioned Deka Investment GmbH et al. v. Santander Consumer USA Holdings Inc. et al., No. 3:15-cv-2129-K. The amended class action complaint in the Deka Lawsuit alleges that SC's registration statement and prospectus and certain subsequent public disclosures contained misleading statements concerning SC’s ability to pay dividends and the adequacy of SC’s compliance systems and oversight. The amended complaint asserts claims under Sections 11, 12(a) and 15 of the Securities Act and under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act") and Rule 10b-5 promulgated thereunder, and seeks damages and other relief. On December 18, 2015, SC and the individual defendants moved to dismiss the amended class action complaint and on June 13, 2016, the motion to dismiss was denied. On October 15, 2015 , a shareholder derivative complaint was filed in the Court of Chancery of the State of Delaware, captioned Feldman v. Jason A. Kulas, et al., C.A. No. 11614 (the Feldman Lawsuit). The Feldman Lawsuit names as defendants current and former members of SC’s Board, and names SC as a nominal defendant. The complaint alleges, among other things, that the current and former director defendants breached their fiduciary duties in connection with overseeing SC’s subprime auto lending practices, resulting in harm to SC. The complaint seeks unspecified damages and equitable relief. On December 29, 2015, the Feldman Lawsuit was stayed pending the resolution of the Deka Lawsuit. On March 18, 2016, a purported securities class action lawsuit was filed in the United States District Court, Northern District of Texas, captioned Parmelee v. Santander Consumer USA Holdings Inc. et al., No. 3:16-cv-783 (the Parmelee Lawsuit). On April 4, 2016, another purported securities class action lawsuit was filed in the United States District Court, Northern District of Texas, captioned Benson v. Santander Consumer USA Holdings Inc. et al., No. 3:16-cv-919 (the Benson Lawsuit). Both the Parmelee Lawsuit and the Benson Lawsuit were filed against SC and certain of its current and former directors and executive officers on behalf of a class consisting of all those who purchased or otherwise acquired SC's securities between February 3, 2015 and March 15, 2016. The complaints in the Parmelee Lawsuit and Benson Lawsuit allege that SC made false or misleading statements, as well as failed to disclose material adverse facts in prior Annual and Quarterly Reports filed under the Exchange Act and certain other public disclosures, in connection with SC's change in its methodology for estimating its ACL and correction of such allowance for prior periods in SC’s Annual Report on Form 10-K/A for the year ended December 31, 2015. The complaints assert claims under Sections 10(b) and 20(a) of the Exchange Act and Rule 10b-5 promulgated thereunder, and seek damages and other relief. On September 27, 2016, a shareholder derivative complaint was filed in the Court of Chancery of the State of Delaware, captioned Jackie888, Inc. v. Jason Kulas, et al., C.A. # 12775 (the Jackie888 Lawsuit). The Jackie888 Lawsuit names as defendants current and former members of the SC’s Board, and names the SC as a nominal defendant. The complaint alleges, among other things, that the defendants breached their fiduciary duties in connection with the SC’s accounting practices and controls. The complaint seeks unspecified damages and equitable relief. Further, SC is party to, or is periodically otherwise involved in reviews, investigations, and proceedings (both formal and informal), and information-gathering requests, by government and self-regulatory agencies, including the Federal Reserve, the CFPB, the DOJ, the SEC, the FTC and various state regulatory agencies. Currently, such proceedings include a civil subpoena from the DOJ, under the Financial Institutions Reform, Recovery, and Enforcement Act, requesting the production of documents and communications that, among other things, relate to the underwriting and securitization of nonprime auto loans since 2007, and from the SEC requesting the production of documents and communications that, among other things, relate to the underwriting and securitization of nonprime auto loans since January 1, 2011. SC also has received civil subpoenas from various state attorneys general requesting similar documents and communications. SC is complying with the requests for information and document preservation. NOTE 14. COMMITMENTS, CONTINGENCIES AND GUARANTEES (continued) On November 4, 2015, SC entered into an Assurance of Discontinuance ("AOD") with the Office of Attorney General of the Commonwealth of Massachusetts (the Massachusetts AG). The Massachusetts Attorney General alleged that SC violated the maximum permissible interest rates allowed under Massachusetts law due to the inclusion of guaranteed auto protection ("GAP") charges in the calculation of finance charges. Among other things, the AOD requires SC, with respect to any loan that exceeded the maximum rates, to issue refunds of all finance charges paid to date and to waive all future finance charges. The AOD also requires SC to undertake certain remedial measures, including ensuring that interest rates on its loans do not exceed maximum rates (when GAP charges are included) in the future, and provides

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company has various debt agreements with Santander. For a listing of these debt agreements, see Note 12 to the Condensed Consolidated Financial Statements of the Company's Annual Report on Form 10-K/A for the year ended December 31, 2015 . During the three-month and six-month periods ended June 30, 2016 , SBNA transferred and settled $3.7 billion and $6.0 billion , respectively, of unfunded commitments to extend credit to an unconsolidated related party for a gain on sale of $4.2 million and a loss on sale of $2.1 million ; see Note 14 . The Company and its affiliates also entered into or were subject to various service agreements with Santander and its affiliates. Each of these agreements was made in the ordinary course of business and on market terms. NOTE 15. RELATED PARTY TRANSACTIONS (continued) On July 2, 2015, the Company announced that it had entered into an agreement with former SC Chief Executive Officer Thomas G. Dundon, Dundon DFS LLC ("DDFS"), and Santander related to Mr. Dundon's departure from SC (the “Separation Agreement”). Pursuant to the Separation Agreement, the Company was deemed to have delivered an irrevocable notice to exercise its option to acquire all of the shares of SC Common Stock owned by DDFS and consummate the transactions contemplated by the call option notice, subject to the receipt of all required regulatory approvals (the "Call Transaction"). At that date, the SC Common Stock held by DDFS (the "DDFS Shares") represented approximately 9.7% of SC Common Stock. The Separation Agreement did not affect Santander’s option to assume the Company’s obligation under the Call Transaction as provided in the Shareholders Agreement that was entered into by the same parties on January 28, 2014. Under the Separation Agreement, because the Call Transaction was not consummated prior to October 15, 2015 (the “Call End Date”), DDFS is free to transfer any or all of the DDFS shares, subject to the terms and conditions of the Amended and Restated Loan Agreement dated as of July 16, 2014 between DDFS and Santander. Because the Call Transaction was not completed before the Call End Date, interest began accruing on the price paid per share in the Call Transaction at the overnight LIBOR rate on the third business day preceding the consummation of the Call Transaction plus 100 basis points with respect to the shares of SC Common Stock that will ultimately be sold in the Call Transaction. The Amended and Restated Loan Agreement provides for a $300.0 million revolving loan which, as of June 30, 2016 and December 31, 2015, had an unpaid principal balance of approximately $290.0 million . Pursuant to the Loan Agreement, 29,598,506 shares of the SC’s Common Stock owned by DDFS are pledged as collateral under a related pledge agreement. On August 31, 2016, Santander exercised its option to become the direct obligor of the Company’s Call Obligation in accordance with the Shareholders Agreement dated as of January 28, 2014 among Mr. Dundon, DDFS, SC and Santander. It is expected that Santander will subsequently contribute the DDFS Shares to the Company, which will be accounted for by the Company as an equity contribution. To date, the Call Transaction has not been consummated and remains subject to the completion of all conditions and required regulatory approvals.

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE General As of June 30, 2016 , $20.7 billion of the Company’s total assets consisted of financial instruments measured at fair value on a recurring basis, including financial instruments for which the Company elected the FVO. None of these financial instruments was measured using quoted market prices for identical instruments or Level 1 inputs. Approximately $18.8 billion of these financial instruments were measured using valuation methodologies involving market-based and market-derived information, or Level 2 inputs. Approximately $1.9 billion of these financial instruments were measured using model-based techniques, or Level 3 inputs, and represented approximately 9.2% of total assets measured at fair value and approximately 1.5% of total consolidated assets. Fair value is defined in GAAP as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The standard focuses on the exit price in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. GAAP establishes a fair value reporting hierarchy to maximize the use of observable inputs when measuring fair value and defines the three levels of inputs as noted below: • Level 1 - Assets or liabilities for which the identical item is traded on an active exchange, such as publicly-traded instruments or futures contracts. • Level 2 - Assets and liabilities valued based on observable market data for similar instruments. Fair value is estimated using inputs other than quoted prices included within Level 1 that are observable for assets or liabilities, either directly or indirectly. NOTE 16. FAIR VALUE (continued) • Level 3 - Assets or liabilities for which significant valuation assumptions are not readily observable in the market, and instruments valued based on the best available data, some of which is internally developed and considers risk premiums that a market participant would require. Fair value is estimated using unobservable inputs that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities may include financial instruments whose value is determined using pricing services, pricing models with internally developed assumptions, discounted cash flow ("DCF") methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Assets and liabilities measured at fair value, by their nature, result in a higher degree of financial statement volatility. When available, the Company attempts to use quoted market prices or matrix pricing in active markets to determine fair value and classifies such items as Level 1 or Level 2 assets or liabilities. If quoted market prices in active markets are not available, fair value is determined using third-party broker quotes and/or DCF models incorporating various assumptions including interest rates, prepayment speeds and credit losses. Assets and liabilities valued using broker quotes and/or DCF models are classified as either Level 2 or Level 3, depending on the lowest level classification of an input that is considered significant to the overall valuation. The Company values assets and liabilities based on the principal market on which each would be sold (in the case of assets) or transferred (in the case of liabilities). The principal market is the forum with the greatest volume and level of activity. In the absence of a principal market, the valuation is based on the most advantageous market. In the absence of observable market transactions, the Company considers liquidity valuation adjustments to reflect the uncertainty in pricing the instruments. The fair value of a financial asset is measured on a stand-alone basis and cannot be measured as a group, with the exception of certain financial instruments held and managed on a net portfolio basis. In measuring the fair value of a nonfinancial asset, the Company assumes the highest and best use of the asset by a market participant, not just the intended use, to maximize the value of the asset. The Company also considers whether any credit valuation adjustments are necessary based on the counterparty's credit quality. Any models used to determine fair values or validate dealer quotes based on the descriptions below are subject to review and testing as part of the Company's model validation and internal control testing processes. The Bank's Market Risk Department is responsible for determining and approving the fair values of all assets and liabilities valued at fair value, including the Company's Level 3 assets and liabilities. Price validation procedures are performed and the results are reviewed for Level 3 assets and liabilities by the Market Risk Department. Price validation procedures performed for these assets and liabilities can include comparing current prices to historical pricing trends by collateral type and vintage, comparing prices by product type to indicative pricing grids published by market makers, and obtaining corroborating dealer prices for significant securities. The Company reviews the assumptions utilized to determine fair value on a quarterly basis. Any changes in methodologies or significant inputs used in determining fair values are further reviewed to determine if a change in fair value level hierarchy has occurred. Transfers in and out of Levels 1, 2 and 3 are considered to be effective as of the end of the quarter in which they occur. There were no transfers between Levels 1, 2 or 3 during the three-month and six-month periods ended June 30, 2016 and June 30, 2015 for any assets or liabilities valued at fair value on a recurring basis. NOTE 16. FAIR VALUE (continued) Assets and Liabilities Measured at Fair Value on a Recurring Basis The following tables present the assets and liabilities that are measured at fair value on a recurring basis by major product category and fair value hierarchy as of June 30, 2016 and December 31, 2015 . Quoted Prices in Active Significant Other Significant Balance at (in thousands) Financial assets: U.S. Treasury securities $ — $ 2,004,753 $ — $ 2,004,753 Asset-backed securities — 413,152 1,526,691 1,939,843 State and municipal securities — 33 — 33 Mortgage backed securities — 15,463,185 — 15,463,185 Total investment securities available-for-sale (1) — 17,881,123 1,526,691 19,407,814 Retail installment contracts held-for-investment — — 250,703 250,703 Loans held-for-sale (2) — 345,191 — 345,191 Mortgage servicing rights — — 117,792 117,792 Derivatives: Fair value — 575 — 575 Cash flow — 45 — 45 Mortgage banking interest rate lock commitments — — 9,978 9,978 Customer related — 468,759 — 468,759 Foreign exchange — 31,846 — 31,846 Mortgage servicing — 24,734 — 24,734 Interest rate cap agreements — 6,547 — 6,547 Other — 19,390 — 19,390 Total financial assets $ — $ 18,778,210 $ 1,905,164 $ 20,683,374 Financial liabilities: Derivatives: Fair value $ — $ 575 $ — $ 575 Cash flow — 94,499 — 94,499 Mortgage banking forward sell commitments — 7,996 — 7,996 Customer related — 434,382 — 434,382 Total return swap — — 639 639 Foreign exchange — 31,512 — 31,512 Mortgage servicing — 3,729 — 3,729 Interest rate swaps — 7,225 — 7,225 Option for interest rate cap — 6,550 — 6,550 Total return settlement — — 53,543 53,543 Other — 19,982 243 20,225 Total financial liabilities $ — $ 606,450 $ 54,425 $ 660,875 (1) Investment securities available-for-sale disclosed on the Condensed Consolidated Balance Sheet at June 30, 2016 includes $10.8 million of equity securities that are not presented within this table in accordance with the adoption of ASU 2015-07. Refer to Note 1 to the Condensed Consolidated Financial Statements for additional details related to this ASU implementation. (2) LHFS disclosed on the Condensed Consolidated Balance Sheet also includes LHFS that are held at the lower of cost or fair value and are not presented within this table. NOTE 16. FAIR VALUE (continued) Quoted Prices in Active Significant Other Significant Balance at (in thousands) Financial assets: U.S. Treasury securities $ — $ 3,188,388 $ — $ 3,188,388 Corporate debt — 1,475,574 — 1,475,574 Asset-backed securities — 409,270 1,360,240 1,769,510 State and municipal securities — 767,880 — 767,880 Mortgage backed securities — 13,639,656 — 13,639,656 Total investment securities available-for-sale (1) — 19,480,768 1,360,240 20,841,008 Retail installment contracts held-for-investment — — 328,655 328,655 Loans held-for-sale (2) — 236,760 — 236,760 Mortgage servicing rights — — 147,233 147,233 Derivatives: Fair value — 3,742 — 3,742 Cash flow — 7,295 — 7,295 Mortgage banking interest rate lock commitments — — 2,540 2,540 Mortgage banking forward sell commitments — 542 — 542 Customer related — 274,998 — 274,998 Foreign exchange — 30,262 — 30,262 Mortgage servicing — 679 — 679 Interest rate swap agreements — 1,176 — 1,176 Interest rate cap agreements — 32,950 — 32,950 Other — 11,136 10 11,146 Total financial assets $ — $ 20,080,308 $ 1,838,678 $ 21,918,986 Financial liabilities: Derivatives: Fair value $ — $ 2,098 $ — $ 2,098 Cash flow — 23,047 — 23,047 Customer related — 235,639 — 235,639 Total return swap — — 282 282 Foreign exchange — 30,144 — 30,144 Mortgage servicing — 3,502 — 3,502 Interest rate swaps — 2,481 — 2,481 Option for interest rate cap — 32,977 — 32,977 Total return settlement — — 53,432 53,432 Other — 14,149 122 14,271 Total financial liabilities $ — $ 344,037 $ 53,836 $ 397,873 (1) Investment securities available-for-sale disclosed on the Condensed Consolidated Balance Sheet at December 31, 2015 includes $10.5 million of equity securities that are not presented within this table in accordance with the adoption of ASU 2015-07. Refer to Note 1 to the Condensed Consolidated Financial Statements for additional details related to this ASU implementation. (2) LHFS disclosed on the Condensed Consolidated Balance Sheet also includes LHFS that are held at the lower of cost or fair value and are not presented within this table. NOTE 16. FAIR VALUE (continued) Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis The Company may be required to measure certain assets and liabilities at fair value on a nonrecurring basis in accordance with GAAP from time to time. These adjustments to fair value usually result from application of lower-of-cost-or-fair value accounting or certain impairment measures. Assets measured at fair value on a nonrecurring basis that were still held on the balance sheet were as follows: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value (in thousands) June 30, 2016 Impaired loans held-for-investment $ — $ 306,073 $ 25,181 $ 331,254 Foreclosed assets — 24,765 — 24,765 Vehicle inventory — 232,348 — 232,348 Loans held for sale — — 1,019,142 1,019,142 December 31, 2015 Impaired loans held-for-investment $ — $ 122,792 $ 326 $ 123,118 Foreclosed assets — 27,574 — 27,574 Vehicle inventory — 204,120 — 204,120 Loans held for sale — — 2,040,813 2,040,813 Goodwill — — 1,019,960 1,019,960 Indefinite lived intangibles — — 18,000 18,000 Valuation Processes and Techniques Impaired LHFI represents the recorded investment of impaired commercial loans for which the Company periodically records nonrecurring adjustments of collateral-dependent loans measured for impairment when establishing the ALLL. Such amounts are generally based on the fair value of the underlying collateral supporting the loan. Written offers to purchase a specific impaired loan are considered observable market inputs, which are considered Level 1 inputs. Appraisals are obtained to support the fair value of the collateral and incorporate measures such as recent sales prices for comparable properties and are considered Level 2 inputs. Loans for which the value of the underlying collateral is determined using a combination of real estate appraisals, field examinations and internal calculations are considered Level 3 inputs. The inputs in the internal calculations may include the loan balance, estimation of the collectability of the underlying receivables held by the customer used as collateral, sale and liquidation value of the inventory held by the customer used as collateral and historical loss-given-default parameters. In cases in which the carrying value exceeds the fair value of the collateral less cost to sell, an impairment charge is recognized. The total carrying value of these loans was $218.2 million and $91.3 million at June 30, 2016 and December 31, 2015 , respectively. Foreclosed assets represent the recorded investment in assets taken in foreclosure of defaulted loans, and are primarily comprised of commercial and residential real properties and generally measured at fair value less costs to sell. The fair value of the real property is generally determined using appraisals or other indications of market value based on recent comparable sales of similar properties or assumptions generally observable in the marketplace. The Company estimates the fair value of its vehicles, which are obtained either through repossession or lease termination, using historical auction rates and current market values of used cars. NOTE 16. FAIR VALUE (continued) The Company's LHFS portfolios that are measured at fair value on a nonrecurring basis consist of personal and commercial LHFS. The estimated fair value for the personal and commercial LHFS is calculated based on a combination of estimated market rates for similar loans with similar credit risks and a DCF analysis in which the Company uses significant unobservable inputs on key assumptions, including historical default rates and adjustments to reflect voluntary prepayments, prepayment rates, discount rates reflective of the cost of funding, and credit loss expectations. The estimated fair value of goodwill and intangible assets are valued using unobservable inputs and are classified as Level 3. Fair value is calculated using a DCF model. On a quarterly basis, the Company assesses whether or not impairment indicators are present. For information on the Company's goodwill impairment test and the results of the most recent goodwill impairment test, see Note 1 and Note 7 for a description of the Company's goodwill valuation methodology. Fair Value Adjustments The following table presents the increases and decreases in value of certain assets that are measured at fair value on a nonrecurring basis for which a fair value adjustment has been included in the Condensed Consolidated Statements of Operations relating to assets held at period-end: Statement of Operations Three-Month Period Six-Month Period 2016 2015 2016 2015 (in thousands) Impaired loans held-for-investment Provision for credit losses $ (10,789 ) $ (1,731 ) $ (97,796 ) $ (2,261 ) Foreclosed assets Miscellaneous income (1) (249 ) (416 ) (2,062 ) (1,027 ) Loans held for sale Miscellaneous income (1) (94,767 ) — (158,980 ) — $ (105,805 ) $ (2,147 ) $ (258,838 ) $ (3,288 ) (1) These amounts reduce Miscellaneous income. NOTE 16. FAIR VALUE (continued) Level 3 Rollforward for Recurring Assets and Liabilities The tables below present the changes in all Level 3 balances for the three-month and six-month periods ended June 30, 2016 and 2015 , respectively. Three-Month Period Ended June 30, 2016 Investments Retail Installment Contracts Held for Investment MSRs Derivatives Total (in thousands) Balance, March 31, 2016 $ 1,640,423 $ 285,811 $ 130,742 $ (47,223 ) $ 2,009,753 Gains in other comprehensive income 624 — — — 624 Gains/(losses) in earnings — 26,606 (11,468 ) 1,064 16,202 Additions/Issuances 220,841 — 4,801 — 225,642 Settlements (1) (335,197 ) (61,714 ) (6,283 ) 1,712 (401,482 ) Balance, June 30, 2016 $ 1,526,691 $ 250,703 $ 117,792 $ (44,447 ) $ 1,850,739 Changes in unrealized gains/(losses) included in earnings related to balances still held at June 30, 2016 $ — $ 26,606 $ (11,468 ) $ (1,922 ) $ 13,216 Six-Month Period Ended June 30, 2016 Investments Retail Installment Contracts Held for Investment MSRs Derivatives Total (in thousands) Balance, December 31, 2015 $ 1,360,240 $ 328,655 $ 147,233 $ (51,286 ) $ 1,784,842 Gains in other comprehensive income 2,209 — — — 2,209 Gains/(losses) in earnings — 53,355 (25,824 ) 4,074 31,605 Additions/Issuances 499,527 — 8,392 — 507,919 Settlements (1) (335,285 ) (131,307 ) (12,009 ) 2,765 (475,836 ) Balance, June 30, 2016 $ 1,526,691 $ 250,703 $ 117,792 $ (44,447 ) $ 1,850,739 Changes in unrealized gains/(losses) included in earnings related to balances still held at June 30, 2016 $ — $ 53,355 $ (25,824 ) $ (3,364 ) $ 24,167 (1) Settlements include charge-offs, prepayments, pay downs and maturities. NOTE 16. FAIR VALUE (continued) Three-Month Period Ended June 30, 2015 Investments Retail Installment Contracts Held for Investment MSRs Derivatives Total (in thousands) Balance, March 31, 2015 $ 1,514,517 $ 676,097 $ 135,452 $ (52,951 ) $ 2,273,115 Losses in other comprehensive income (8,433 ) — — — (8,433 ) Gains/(losses) in earnings — 94,049 21,211 (7,341 ) 107,919 Additions/Issuances 344,622 — 7,803 — 352,425 Settlements (1) (311,223 ) (275,495 ) (7,319 ) 2,700 (591,337 ) Balance, June 30, 2015 $ 1,539,483 $ 494,651 $ 157,147 $ (57,592 ) $ 2,133,689 Changes in unrealized gains/(losses) included in earnings related to balances still held at June 30, 2015 $ — $ 94,049 $ 21,211 $ (2,227 ) $ 113,033 Six-Month Period Ended June 30, 2015 Investments Retail Installment Contracts Held for Investment MSRs Derivatives Total (in thousands) Balance, December 31, 2014 $ 1,267,643 $ 845,911 $ 145,047 $ (46,178 ) $ 2,212,423 Losses in other comprehensive income (3,654 ) — — — (3,654 ) Gains/(losses) in earnings — 180,541 14,221 (15,470 ) 179,292 Additions/Issuances 598,595 — 11,329 — 609,924 Settlements (1) (323,101 ) (531,801 ) (13,450 ) 4,056 (864,296 ) Balance, June 30, 2015 $ 1,539,483 $ 494,651 $ 157,147 $ (57,592 ) $ 2,133,689 Changes in unrealized gains/(losses) included in earnings related to balances still held at June 30, 2015 $ — $ 180,541 $ 14,221 $ (14,292 ) $ 180,470 (1) Settlements include charge-offs, prepayments, pay downs and maturities. The gains in earnings reported in the table above related to the RICs held for investment for which the Company elected the FVO are driven by three primary factors: 1) the recognition of interest income 2) recoveries of previously charged-off RICs and 3) actual performance of the portfolio since the Change in Control. Recoveries from RICs that were charged-off at the Change in Control date are a direct increase to the gain recognized within the portfolio. In accordance with ASC 805, Business Combinations , the Company did not ascribe a fair value to the portfolio of sub-prime charged-off RICs at the Change in Control date. Recoveries of previously charged off loans are usually recorded as a reduction to charge-offs in the period in which the recovery is made, however, in instances where the FVO is elected, it will flow through the fair value mark. At the Change in Control date, the unpaid principal balance of the previously charged-off RIC portfolio was approximately $3.0 billion . NOTE 16. FAIR VALUE (continued) Valuation Processes and Techniques - Recurring Fair Value Assets and Liabilities The following is a description of the valuation techniques used for instruments measured at fair value on a recurring basis: Securities Available-for-Sale and Trading Securities Securities accounted for at fair value include both available-for-sale and trading securities portfolios. The Company utilizes a third-party pricing service to value its investment securities portfolios. Its primary pricing service has consistently proved to be a high quality third-party pricing provider. For those investments not valued by pricing vendors, other trusted market sources are utilized. The vendors the Company uses provide pricing services on a global basis. The Company monitors and validates the reliability of vendor pricing on an ongoing basis, which can include pricing methodology reviews, performing detailed reviews of the assumptions and inputs used by the vendor to price individual securities, and price validation testing. Price validation testing is performed independently of the risk-taking function and can include corroborating the prices received from third-party vendors with prices from another third-party source, reviewing valuations of comparable instruments, comparison to internal valuations, or by reference to recent sales of similar securities. The classification of securities within the fair value hierarchy is based upon the activity level in the market for the security type and the observability of the inputs used to determine their fair value. Actively traded quoted market prices for investment securities available-for-sale, such as U.S. Treasury and government agency securities, corporate debt, state and municipal securities, and MBS, are not readily available. The Company's principal markets for its investment securities are the secondary institutional markets with an exit price that is predominantly reflective of bid-level pricing in these markets. These investment securities are priced by third-party pricing vendors. The third-party vendors use a variety of methods when pricing these securities that incorporate relevant observable market data to arrive at an estimate of what a buyer in the marketplace would pay for a security under current market conditions. These investment securities are, therefore, considered Level 2. Certain ABS are valued using DCF models. The DCF models are obtained from a third-party pricing vendor who uses observable market data and therefore are classified as Level 2. Other ABS that could not be valued using a third-party pricing service are valued using an internally-developed DCF model. When estimating the fair value using this model, the Company uses its best estimate of the key assumptions which include the discount rates and forward yield curves. The Company uses comparable bond indices based on industry, term, and rating to discount the expected future cash flows. Determining the comparability of assets involves significant subjectivity related to asset type differences, cash flows, performance and other inputs. The inability of the Company to corroborate the fair value of the ABS due to the limited available observable data on these ABS resulted in a fair value classification of Level 3. The Company's equity securities, which are comprised primarily of shares of registered mutual funds, are priced using net asset value per share practical expedient, which is validated with a sufficient level of observable activity. In accordance with the implementation of ASU 2015-07, these equity securities are not presented within the fair value hierarchy. Refer to Note 1 to the Condensed Consolidated Financial Statements for additional details related to this ASU implementation. Gains and losses on investments are recognized in the Condensed Consolidated Statements of Operations through Net gain on sale of investment securities . RICs held-for-investment For certain RICs held-for-investment, the Company has elected the FVO. The fair values of RICs are estimated using the DCF model. In estimating the fair value using this model, the Company uses significant unobservable inputs on key assumptions, which includes historical default rates and adjustments to reflect voluntary prepayments, prepayment rates based on available data from a comparable market securitization of similar assets, discount rates reflective of the cost of funding debt issuance and recent historical equity yields, recovery rates based on the average severity utilizing reported severity rates and loss severity utilizing available market data from a comparable securitized pool. Accordingly, RICs held-for-investment for which the Company has elected FVO are classified as Level 3. NOTE 16. FAIR VALUE (continued) LHFS The Company's LHFS portfolios that are measured at fair value on a recurring basis consists primarily of residential mortgage LHFS. The fair values of LHFS are estimated using published forward agency prices to agency buyers such as FNMA and FHLMC. The majority of the residential mortgage LHFS portfolio is sold to these two agencies. The fair value is determined using current secondary market prices for portfolios with similar characteristics, adjusted for servicing values and market conditions. These loans are regularly traded in active markets, and observable pricing information is available from market participants. The prices are adjusted as necessary to include the embedded servicing value in the loans as well as the specific characteristics of certain loans that are priced based on the pricing of similar loans. These adjustments represent unobservable inputs to the valuation, and are not significant given the relative insensitivity of the value to changes in these inputs to the fair value of the loans. Accordingly, residential mortgage LHFS are classified as Level 2. Gains and losses on residential mortgage LHFS are recognized in the Condensed Consolidated Statements of Operations through Miscellaneous income. See further discussion below in the section captioned "FVO for Financial Assets and Financial Liabilities." MSRs The model to value MSRs estimates the present value of the future net cash flows from mortgage servicing activities based on various assumptions. These cash flows include servicing and ancillary revenue, offset by the estimated costs of performing servicing activities. Significant assumptions used in the valuation of residential MSRs include changes in anticipated loan prepayment rates ("CPRs") and the discount rate, reflective of a market participant's required return on an investment for similar assets. Other important valuation assumptions include market-based servicing costs and the anticipated earnings on escrow and similar balances held by the Company in the normal course of mortgage servicing activities. All of these assumptions are considered to be unobservable inputs. Historically, servicing costs and discount rates have been less volatile than CPR and earnings rates, both of which are directly correlated with changes in market interest rates. Increases in prepayment speeds, discount rates and servicing costs result in lower valuations of MSRs. Decreases in the anticipated earnings rate on escrow and similar balances result in lower valuations of MSRs. For each of these items, the Company makes assumptions based on current market information and future expectations. All of the assumptions are based on standards that the Company believes would be utilized by market participants in valuing MSRs and are derived and/or benchmarked against independent public sources. Accordingly, MSRs are classified as Level 3. Gains and losses on MSRs are recognized on the Condensed Consolidated Statements of Operations through Mortgage banking income, net . See further discussion on MSRs in Note 8 . Listed below are the most significant inputs that are utilized by the Company in the evaluation of residential MSRs: • A 10% and 20% increase in the CPR speed would decrease the fair value of the residential servicing asset by $5.4 million and $10.2 million , respectively, at June 30, 2016 . • A 10% and 20% increase in the discount rate would decrease the fair value of the residential servicing asset by $3.8 million and $7.4 million , respectively, at June 30, 2016 . Significant increases/(decreases) in any of those inputs in isolation would result in significantly (lower)/higher fair value measurements. These sensitivity calculations are hypothetical and should not be considered to be predictive of future performance. Changes in fair value based on adverse changes in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, the effect of an adverse variation in a particular assumption on the fair value of the 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. Prepayment estimates generally increase when market interest rates decline and decrease when market interest rates rise. Discount rates typically increase when market interest rates increase and/or credit and liquidity risks increase, and decrease when market interest rates decline and/or credit and liquidity conditions improve. NOTE 16. FAIR VALUE (continued) Derivatives The valuation of these instruments is determined using widely accepted valuation techniques, including DCF analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable and unobservable market-based inputs. The fair value represents the estimated amount the Company would receive or pay to terminate the contract or agreement, taking into account current interest rates, foreign exchange rates, equity prices and, when appropriate, the current creditworthiness of the counterparties. The Company incorporates credit valuation adjustments in the fair value measurement of its derivatives to reflect the counterparty's nonperformance risk in the fair value measurement of its derivatives, except for those derivative contracts with associated credit support annexes which provide credit enhancements, such as collateral postings and guarantees. The Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy. Certain of the Company's derivatives utilize Level 3 inputs, which are primarily related to mortgage banking derivatives-interest rate lock commitments and total return settlement derivative contracts. The DCF model is utilized to determine the fair value of the mortgage banking derivatives-interest rate lock commitments and the total return settlement derivative contracts. The significant unobservable inputs for mortgage banking derivatives used in the fair value measurement of the Company's loan commitments are "pull through" percentage and the MSR value that is inherent in the underlying loan value. The pull through percentage is an estimate of loan commitments that will result in closed loans. The significant unobservable inputs for total return settlement derivative contracts used in the fair value measurement of the Company's liabilities are discount percentages, which are based on comparable financial instruments. Significant increases/(decreases) in any of these inputs in isolation would result in significantly higher/(lower) fair value measurements. Significant increases/(decreases) in the fair value of a mortgage banking derivative asset/(liability) results when the probability of funding increases/(decreases). Significant increases/(decreases) in the fair value of a mortgage loan commitment result when the embedded servicing value increases/(decreases). Gains and losses related to derivatives affect various line items in the Condensed Consolidated Statements of Operations . See Note 11 for a discussion of derivatives activity. NOTE 16. FAIR VALUE (continued) Level 3 Inputs - Significant Recurring Assets and Liabilities The following table presents quantitative information about the significant unobservable inputs within significant Level 3 recurring assets and liabilities. Fair Value at June 30, 2016 Valuation Technique Unobservable Inputs Range (in thousands) Financial Assets: Asset-backed securities Financing bonds $ 1,476,049 Discounted Cash Flow Discount Rate (1) 0.84% - 1.56% (1.04%) Sale-leaseback securities $ 50,642 Consensus Pricing (2) Offered quotes (3) 128.96 % Retail installment contracts held-for-investment $ 250,703 Discounted Cash Flow Prepayment rate (CPR) (4) 9.50 % Discount Rate (5) 9.50% - 14.50% (10.29%) Recovery Rate (6) 25.00% - 43.00% (28.69%) Mortgage servicing rights $ 117,792 Discounted Cash Flow Prepayment rate (CPR) (7) 0.09% - 30.99% (12.97%) Discount Rate (8) 9.90 % Mortgage banking interest rate lock commitments $ 9,978 Discounted Cash Flow Pull through percentage (9) 77.20 % MSR value (10) 0.74% - 1.06% (1.04%) Financial Liabilities: Total return settlement $ 53,543 Discounted Cash Flow Discount Rate (4) 8.12 % (1) Based on the applicable term and discount index. (2) Consensus pricing refers to fair value estimates that are generally developed usi

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
BUSINESS SEGMENT INFORMATION	BUSINESS SEGMENT INFORMATION Business Segment Products and Services The Company’s reportable segments are focused principally around the customers the Bank and SC serve. The Company has identified the following reportable segments: • The Consumer and Business Banking segment (formerly known as the Retail Banking segment) primarily comprises the Bank's branch locations, residential mortgage business and business banking customers. The branch locations offer a wide range of products and services to both consumers and business banking customers, which attract deposits by offering a variety of deposit instruments including demand and interest-bearing demand deposit accounts, money market and savings accounts, CDs and retirement savings products. The branch locations also offer consumer loans such as credit cards, and home equity loans and lines of credit, and business loans such as commercial lines of credit and business credit cards. In addition, investment services provide annuities, mutual funds, managed monies, and insurance products and acts as an investment brokerage agent to the customers of the Consumer and Business Banking segment. • The Commercial Banking segment currently provides commercial lines, loans, and deposits to medium and large business banking customers as well as financing and deposits for government entities, commercial loans to dealers and financing for commercial vehicles and municipal equipment. This segment also provides financing and deposits for government entities and niche product financing for specific industries, including oil and gas and mortgage warehousing, among others. NOTE 17. BUSINESS SEGMENT INFORMATION (continued) • The Commercial Real Estate segment offers commercial real estate loans and multifamily loans to customers. • The Global Corporate Banking segment was formerly designated as the Global Corporate Banking & Market & Large Corporate Banking segment, and was renamed during the third quarter of 2015. This segment serves the needs of global commercial and institutional customers by leveraging the international footprint of the Santander group to provide financing and banking services to corporations with over $500 million in annual revenues. GCB's offerings and strategy are based on Santander's local and global capabilities in wholesale banking. • SC is a specialized consumer finance company focused on vehicle finance and third-party servicing. SC’s primary business is the indirect origination of RICs, principally through manufacturer-franchised dealers in connection with their sale of new and used vehicles to retail consumers. In conjunction with a ten -year private label financing agreement with FCA that became effective May 1, 2013, SC offers a full spectrum of auto financing products and services to FCA customers and dealers under the Chrysler Capital brand. These products and services include consumer RICs and leases, as well as dealer loans for inventory, construction, real estate, working capital and revolving lines of credit. SC also originates vehicle loans through a Web-based direct lending program, purchases vehicle RICs from other lenders, and services automobile, recreational and marine vehicle portfolios for other lenders. Additionally, SC has several relationships through which it provides personal loans, private label credit cards and other consumer finance products. During 2015, SC announced its intention to exit the personal lending business. SC has entered into a number of intercompany agreements with the Bank as described above as part of the Other segment. All intercompany revenue and fees between the Bank and SC are eliminated in the consolidated results of the Company. • The Other category includes earnings from the investment portfolio, interest from the non-strategic assets portfolio, interest expense on the Company's borrowings and other debt obligations, amortization of intangible assets and certain unallocated corporate income and indirect expenses. For segment reporting purposes, SC continues to be managed as a separate business unit. The Company’s segment results, excluding SC, are derived from the Company’s business unit profitability reporting system by specifically attributing managed balance sheet assets, deposits and other liabilities and their related interest income or expense to each of the segments. Funds transfer pricing ("FTP") methodologies are utilized to allocate a cost for funds used or a credit for funds provided to business line deposits, loans and selected other assets using a matched funding concept. The methodology includes a liquidity premium adjustment, which considers an appropriate market participant spread for commercial loans and deposits by analyzing the mix of borrowings available to the Company with comparable maturity periods. Other income and expenses are managed directly by each business line, including fees, service charges, salaries and benefits, and other direct expenses, as well as certain allocated corporate expenses, and are accounted for within each segment’s financial results. Accounting policies for the lines of business are the same as those used in preparation of the Condensed Consolidated Financial Statements with respect to activities specifically attributable to each business line. However, the preparation of business line results requires management to establish methodologies to allocate funding costs and benefits, expenses and other financial elements to each line of business. Where practical, the results are adjusted to present consistent methodologies for the segments. The application and development of management reporting methodologies is a dynamic process and is subject to periodic enhancements. The implementation of these enhancements to the internal management reporting methodology may materially affect the results disclosed for each segment with no impact on consolidated results. Whenever significant changes to management reporting methodologies take place, prior period information is reclassified wherever practicable. The Chief Operating Decision Maker ("CODM"), as described by ASC 280, Segment Reporting, manages SC on a historical basis by reviewing the results of SC on a pre-Change in Control basis. The Results of Segments table discloses SC's operating information on the same basis that it is reviewed by SHUSA's CODM to reconcile to SC's GAAP results, purchase price adjustments and accounting for SC as an equity method investment. NOTE 17. BUSINESS SEGMENT INFORMATION (continued) During the first quarter of 2016, certain management and business line changes became effective as the Company reorganized its management reporting in order to improve its structure and focus to better align management teams and resources with the business goals of the Company and provide enhanced customer service to its clients. Accordingly, the following changes were made within the Company's reportable segments to provide greater focus on each of its core businesses: • The small business banking, commercial business banking, and auto leasing lines of business formerly included in the Auto Finance and Business Banking reportable segment, were combined with the Consumer and Business Banking reportable segment. • The Real Estate and Commercial reportable segment was split into the Commercial Real Estate reportable segment and the Commercial Banking reportable segment. • The CEVF and dealer floor plan lines of business, formerly included in the Auto Finance & Business Banking reportable segment, were moved to the Commercial Banking business unit. • The internal FTP guidelines and methodologies were revised to align with Santander corporate criteria for internal management reporting. These FTP changes impact all reporting segments, excluding SC. All prior period results have been recast to conform to the new composition of the reportable segments. Certain segments previously deemed quantitatively significant no longer met the threshold and have been combined with the Other category as of June 30, 2016 . Prior period results have been recast to conform to the new composition of the reportable segment. Results of Segments The following tables present certain information regarding the Company’s segments. For the Three-Month Period Ended SHUSA Reportable Segments June 30, 2016 Consumer and Business Banking Commercial Banking Commercial Real Estate Global Corporate Banking Other (2) SC (3) SC Purchase Price Adjustments (4) Eliminations (4) Total (in thousands) Net interest income $ 268,942 $ 88,687 $ 72,210 $ 61,051 $ (91,636 ) $ 1,129,637 $ 52,082 $ 4,470 $ 1,585,443 Total non-interest income 169,525 13,424 3,124 15,967 39,646 372,224 15,487 (13,836 ) 615,561 Provision/(release) for credit losses 19,836 (8,803 ) 8,280 (16,420 ) (3,145 ) 511,921 85,640 — 597,309 Total expenses 414,992 44,847 13,325 20,466 168,471 552,377 13,898 (12,389 ) 1,215,987 Income/(loss) before income taxes 3,639 66,067 53,729 72,972 (217,316 ) 437,563 (31,969 ) 3,023 387,708 Intersegment revenue/(expenses) (1) 815 818 782 (2,610 ) 195 — — — — Total assets 21,074,565 12,364,498 15,440,551 11,968,432 28,240,037 37,382,811 — — 126,470,894 (1) Intersegment revenue/(expense) represents charges or credits for funds used or provided by each of the segments and is included in net interest income. (2) Other is not considered a segment and includes earnings from non-strategic assets, the investment portfolio, interest expense on the Bank’s and the Parent Company's borrowings and other debt obligations, amortization of intangible assets and certain unallocated corporate income and indirect expenses. (3) Management of SHUSA manages SC by analyzing the pre-Change in Control results of SC as disclosed in this column. (4) Purchase Price Adjustments represents the impact that SC purchase marks had on the results of SC included within the consolidated operations of SHUSA, while eliminations eliminate intercompany transactions. NOTE 17. BUSINESS SEGMENT INFORMATION (continued) For the Six-Month Period Ended SHUSA Reportable Segments June 30, 2016 Consumer and Business Banking Commercial Banking Commercial Real Estate Global Corporate Banking Other (2) SC (3) SC Purchase Price Adjustments (4) Eliminations (4) Total (in thousands) Net interest income/(loss) $ 487,330 $ 165,872 $ 136,967 $ 121,369 $ (113,041 ) $ 2,293,215 $ 103,852 $ 5,931 $ 3,201,495 Total non-interest income 356,791 26,026 5,186 33,234 62,413 725,415 29,269 (25,072 ) 1,213,262 Provision for credit losses 20,332 52,859 20,960 31,376 (5,833 ) 1,172,091 187,803 — 1,479,588 Total expenses 823,457 89,443 32,924 55,418 312,432 1,080,034 28,629 (25,325 ) 2,397,012 Income/(loss) before income taxes 332 49,596 88,269 67,809 (357,227 ) 766,505 (83,311 ) 6,184 538,157 Intersegment revenue/(expense) (1) 1,363 1,808 1,282 (4,719 ) 266 — — — — Total assets 21,074,565 12,364,498 15,440,551 11,968,432 28,240,037 37,382,811 — — 126,470,894 (1) Intersegment revenue/(expense) represents charges or credits for funds used or provided by each of the segments and is included in net interest income. (2) Other is not considered a segment and includes earnings from non-strategic assets, the investment portfolio, interest expense on the Bank’s and the Parent Company's borrowings and other debt obligations, amortization of intangible assets and certain unallocated corporate income and indirect expenses. (3) Management of SHUSA manages SC by analyzing the pre-Change in Control results of SC as disclosed in this column. (4) Purchase Price Adjustments represents the impact that SC purchase marks had on the results of SC included within the consolidated operations of SHUSA, while eliminations eliminate intercompany transactions. For the Three- Month Period Ended SHUSA Reportable Segments June 30, 2015 Consumer and Business Banking Commercial Banking Commercial Real Estate Global Corporate Banking Other (2) SC (3) SC Purchase Price Adjustments (4) Eliminations (4) Total (in thousands) Net interest income $ 208,229 $ 68,150 $ 69,503 $ 54,083 $ (13,311 ) $ 1,183,603 $ 156,464 $ 58 $ 1,726,779 Total non-interest income 199,373 11,615 8,331 25,420 20,832 427,117 23,985 (12,590 ) 704,083 Provision/(release) for credit losses 25,987 6,085 1,958 3,007 (37 ) 579,380 348,871 — 965,251 Total expenses 442,674 46,380 19,292 27,926 66,432 458,173 14,662 (13,198 ) 1,062,341 (Loss)/income before income taxes (61,059 ) 27,300 56,584 48,570 (58,874 ) 573,167 (183,084 ) 666 403,270 Intersegment revenue/(expense) (1) 290 782 740 (1,320 ) (492 ) — — — — Total assets 22,265,218 15,501,105 14,145,098 12,337,891 26,519,627 35,521,099 — — 126,290,038 (1) Intersegment revenue/(expense) represents charges or credits for funds used or provided by each of the segments and is included in net interest income. (2) Other is not considered a segment and includes earnings from non-strategic assets, the investment portfolio, interest expense on the Bank’s and the Parent Company's borrowings and other debt obligations, amortization of intangible assets and certain unallocated corporate income and indirect expenses. (3) Management of SHUSA manages SC by analyzing the pre-Change in Control results of SC as disclosed in this column. (4) Purchase Price Adjustments represents the impact that SC purchase marks had on the results of SC included within the consolidated operations of SHUSA, while eliminations eliminate intercompany transactions. NOTE 17. BUSINESS SEGMENT INFORMATION (continued) For the Six-Month Period Ended SHUSA Reportable Segments June 30, 2015 Consumer and Business Banking Commercial Banking Commercial Real Estate Global Corporate Banking Other (2) SC (3) SC Purchase Price Adjustments (4) Eliminations (4) Total (in thousands) Net interest income $ 412,944 $ 132,388 $ 134,823 $ 103,175 $ 2,403 $ 2,293,561 $ 270,397 $ 145 $ 3,349,836 Total non-interest income 355,641 23,273 16,166 41,390 44,544 754,596 83,289 (28,313 ) 1,290,586 Provision for/(release of) credit losses 26,685 7,699 12,796 5,759 31,061 1,211,227 723,663 — 2,018,890 Total expenses 863,665 90,973 36,965 52,900 109,984 898,495 28,403 (26,873 ) 2,054,512 (Loss)/income before income taxes (121,765 ) 56,989 101,228 85,906 (94,098 ) 938,435 (398,380 ) (1,295 ) 567,020 Intersegment revenue/(expense) (1) 653 1,758 1,099 (3,645 ) 135 — — — — Total assets 22,265,218 15,501,105 14,145,098 12,337,891 26,519,627 35,521,099 — — 126,290,038 (1) Intersegment revenue/(expense) represents charges or credits for funds used or provided by each of the segments and is included in net interest income. (2) Other is not considered a segment and includes earnings from non-strategic assets, the investment portfolio, interest expense on the Bank’s and the Parent Company's borrowings and other debt obligations, amortization of intangible assets and certain unallocated corporate income and indirect expenses. (3) Management of SHUSA manages SC by analyzing the pre-Change in Control results of SC as disclosed in this column. (4) Purchase Price Adjustments represent the impact that SC purchase marks had on the results of SC included within the consolidated operations of SHUSA, while eliminations eliminate intercompany transactions.

INTERMEDIATE HOLDING COMPANY

INTERMEDIATE HOLDING COMPANY	6 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
INTERMEDIATE HOLDING COMPANY	NOTE 18. INTERMEDIATE HOLDING COMPANY On February 18, 2014, the Federal Reserve issued the final rule to strengthen regulatory oversight of FBOs (the “Final Rule”). Under the Final Rule, FBOs with over $50 billion of U.S. non-branch assets, including Santander, were required to consolidate U.S. subsidiary activities under an Intermediate Holding Company ("IHC"). Due its U.S. non-branch total consolidated asset size, Santander was subject to the Final Rule. As a result of this rule, Santander transferred substantially all of its U.S. bank and non-bank subsidiaries previously outside the Company to the Company, which became an IHC effective July 1, 2016. These subsidiaries include Santander BanCorp, a Puerto Rico bank holding company, Banco Santander International, a private bank headquartered in Miami, Santander Investment Securities, Inc., a broker-dealer located in New York, and Santander Securities LLC, a Puerto Rico broker-dealer. As these entities were and are solely owned and controlled by Santander prior to and after July 1, 2016, in accordance with ASC 805, the transaction has been accounted for under the common control guidance which requires the Company to recognize the assets and liabilities transferred at their historical cost of the transferring entity at the date of the transfer. The entities transferred approximately $14.1 billion of assets and approximately $11.8 billion of liabilities to the Company. Since the entities were all under common control, the transferred approximately $46.9 million of net income to the Company for the six-month period ended June 30, 2016 after the financial statements have been recast to reflect the operations of the commonly controlled entities for all periods presented as a change in reporting entity.

BASIS OF PRESENTATION AND ACC27

BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accounting and financial reporting policies of the Company conform to accounting principles generally accepted in the United States of America ("GAAP"). These Condensed Consolidated Financial Statements include the accounts of the Company and its subsidiaries, including the Bank, SC, and certain special purpose financing trusts utilized in financing transactions that are considered variable interest entities ("VIEs"). The Company consolidates VIEs for which it is deemed the primary beneficiary. The unaudited Condensed Consolidated Financial Statements have been prepared by the Company, pursuant to Securities and Exchange Commission ("SEC") regulations. The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. All intercompany balances and transactions have been eliminated in consolidation. Where applicable, the Company's accounting policies conform to the accounting and reporting guidelines prescribed by bank regulatory authorities. In the opinion of management, the accompanying unaudited Condensed Consolidated Financial Statements reflect all adjustments necessary to present fairly the Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Operations, Condensed Consolidated Statements of Comprehensive Income, Condensed Consolidated Statements of Stockholder's Equity and Condensed Consolidated Statements of Cash Flows for the periods indicated, and contain adequate disclosure for a fair statement of this interim financial information. All adjustments are of a normal, recurring nature, except as otherwise disclosed.
Recently Adopted Accounting Policies and Recent Accounting Developments	Recently Adopted Accounting Policies Since January 1, 2016, the Company adopted the following Financial Accounting Standards Board ("FASB") Accounting Standards Updates ("ASUs"), none of which had a material impact to the Company's Consolidated Financial Statements: • The Company adopted ASU 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (Topic 718) on a prospective basis. This ASU was issued by the FASB in June 2014 and requires that a performance target that affects vesting, and could be achieved after the requisite service period, be treated as a performance condition. Application of existing guidance in Accounting Standards Codification ("ASC") 718 as it relates to awards with performance conditions that affect vesting should continue to be used to account for such awards. • The Company also adopted ASU 2015-01, Income Statement - Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items on a prospective basis . This ASU was issued by FASB in January 2015 and eliminates the concept of extraordinary items from GAAP, which previously required the separate classification, presentation, and disclosure of extraordinary events and transactions. • The Company also adopted ASU 2015-02, Consolidation (Topic 820): Amendments to the Consolidation Analysis, which the FASB issued in February 2015. This ASU changes the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. Specifically, this ASU modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs") or voting interest entities ("VOEs"); eliminates the presumption that a general partner should consolidate a limited partnership; potentially changes the consolidation conclusions of reporting entities that are involved with VIEs, in particular those that have fee arrangements and related party arrangements; and provides a scope exception for reporting entities with interests held in certain money market funds and similar unregistered money market funds. As the adoption did not result in any significant impact to the Company’s consolidated financial statements, it did not result in a retrospective or modified retrospective application. • The Company also adopted ASU 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share (or Its Equivalent) on a retrospective basis . This ASU removes the requirement to categorize investments fair valued using the net asset value per share practical expedient within the fair value hierarchy. It also modifies disclosure requirements to include only investments for which the entity elects to use the practical expedient rather than the prior guidance which required disclosures for all investments eligible to use the practical expedient. • The Company also adopted ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement Period Adjustments on a prospective basis . This amendment eliminates the requirement to account for adjustments to provisional amounts recognized in a business combination retrospectively. Instead, the acquirer will recognize the adjustments to provisional amounts during the period in which the adjustments are determined, including the effect on earnings of any amounts the acquirer would have recorded in previous periods if the accounting had been completed at the acquisition date. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , superseding the revenue recognition requirements in ASC 605. This ASU requires an entity to recognize revenue for 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 amendment includes a five-step process to assist an entity in achieving the main principle(s) of revenue recognition under ASC 605. In August 2015, the FASB issued ASU 2015-14, which formalized the deferral of the effective date of the amendment for a period of one-year from the original effective date. Following the issuance of ASU 2015-14, the amendment will be effective for the Company for the first annual period ending beginning after December 15, 2017. In March 2016, the FASB also issued ASU 2016-08, an amendment to the guidance in ASU 2014-09 which revises the structure of the indicators to provide indicators of when the entity is the principal or agent in a revenue transaction, and eliminated two of the indicators (“the entity’s consideration is in the form of a commission” and “the entity is not exposed to credit risk”) in making that determination. This amendment also clarifies that each indicator may be more or less relevant to the assessment depending on the terms and conditions of the contract. In April 2016, the FASB also issued ASU 2016-10, which clarifies the implementation guidance on identifying promised goods or services and on determining whether an entity's promise to grant a license with either a right to use the entity's intellectual property (which is satisfied at a point in time) or a right to access the entity's intellectual property (which is satisfied over time). The amendments, collectively, should be applied retrospectively to each prior reporting period presented or as a cumulative effect adjustment as of the date of adoption. Early adoption of the guidance is not permitted. The Company is currently evaluating the impact of adopting ASU 2014-09 and it's related updates on the Company's financial position, results of operations and disclosures. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (Subtopic 205-40). This ASU requires management to perform an assessment of going concern and provides specific guidance on when and how to assess or disclose going concern uncertainties. The new standard also defines terms used in the evaluation of going concern, such as "substantial doubt." Following its application, the Company will be required to perform assessments at each annual and interim period, provide an assessment period of one year from the issuance date, and make disclosures in certain circumstances in which substantial doubt is identified. The amendment will be effective for the Company for the first reporting period ending after December 15, 2016. Earlier application is permitted. The Company does not expect the adoption of this ASU to have an impact on its financial position, result of operations, or disclosures. In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. This amendment requires that equity investments, except those accounted for under the equity method of accounting or which result in consolidation of the investee, be measured at fair value with changes in the fair value being recorded in net income. However, equity investments that do not have readily determinable fair values will be measured at cost less impairment, if any, plus the effect of changes resulting from observable price transactions in orderly transactions or for the identical or similar investment of the same issuer. This amendment also simplifies the impairment assessment of equity instruments that do not have readily determinable fair values, eliminates the requirement to disclose methods and assumptions used to estimate fair value of instruments measured at their amortized cost on the balance sheet, requires that the disclosed fair values of financial instruments represent "exit price," requires entities to separately present in other comprehensive income the portion of the total change in fair value of a liability resulting from instrument-specific credit risk when the FVO has been elected for that liability, requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or in the accompanying notes, and clarifies that an entity should evaluate the need for a valuation allowance on its deferred tax asset related to its available-for-sale securities in combination with its other deferred tax assets. This amendment will be effective for the Company for the first reporting period beginning after December 15, 2017, with earlier adoption permitted by public entities on a limited basis. Adoption of this amendment must be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption, except for amendments related to equity instruments that do not have readily determinable fair values for which it should be applied prospectively. The Company is in the process of evaluating the impacts of the adoption of this ASU. NOTE 2. RECENT ACCOUNTING DEVELOPMENTS (continued) In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The guidance in this update supersedes the current lease accounting guidance for both the lessees and lessors under ASC 840, Leases. This new guidance requires lessees to evaluate whether a lease is a finance lease using criteria that are similar to what lessees use today to determine whether they have a capital lease. Leases not classified as finance leases are classified as operating leases. This classification will determine whether the lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. The lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for under an approach similar to today’s guidance for operating leases. This new guidance will require lessors to account for leases using an approach that is substantially similar to the existing guidance for sales-type, direct financing leases and operating leases. This new guidance will be effective for the Company for the first reporting period beginning after December 15, 2018, with earlier adoption permitted. Adoption of the amendment must be applied on a modified retrospective approach. The Company is in the process of evaluating the impacts of the adoption of this ASU. In March 2016, the FASB issued ASU 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships. The new guidance clarifies that a change in the counterparties to a derivative contract (i.e. a novation), in and of itself does not require the de-designation of a hedging relationship. An entity will, however, still need to evaluate whether it is probable that the counterparty will perform under the contract as part of its ongoing effectiveness assessment for hedge accounting. This new guidance will be effective for the Company for the first reporting period beginning after December 15, 2016, with earlier adoption permitted. Adoption of the new guidance can be applied on a modified retrospective or prospective basis. The Company is in the process of evaluating the impacts of the adoption of this ASU. In March 2016, the FASB issued ASU 2016-06, Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments . This new guidance clarifies that an exercise contingency does not need to be evaluated to determine whether it relates to interest rates and credit risk in an embedded derivative analysis of hybrid financial instruments. In other words, a contingent put or call option embedded in a debt instrument would be evaluated for possible separate accounting as a derivative instrument without regard to the nature of the exercise contingency. However, as required under existing guidance, companies will still need to evaluate other relevant embedded derivative guidance, such as whether the payoff from the contingent put or call option is adjusted based on changes in an index other than interest rates or credit risk, and whether the debt involves a substantial premium or discount. The new guidance will be effective for the Company for the first reporting period beginning after December 15, 2016, with earlier adoption permitted. The new guidance is required to be adopted on a modified retrospective basis to all existing and future debt instruments. The Company is in the process of evaluating the impacts of the adoption of this ASU. In March 2016, the FASB issued ASU 2016-07, Investments-Equity Method and Joint Ventures (Topic 323) . This new guidance eliminates the requirement to apply the equity method of accounting retrospectively when a reporting entity obtains significant influence over a previously held investment. Instead, the equity method of accounting should be applied prospectively from the date significant influence is obtained. Investors should add the cost of acquiring the additional interest in the investee (if any) to the current basis of their previously held interest. This new standard also provides specific guidance for available-for-sale securities that become eligible for the equity method of accounting. In those cases, any unrealized gain or loss recorded within accumulated other comprehensive income should be recognized in earnings at the date the investment initially qualifies for the use of the equity method of accounting. This new guidance will be effective for the Company for the first reporting period beginning after December 15, 2016, with earlier adoption permitted. Adoption of this new guidance can be applied only a prospective basis for investments that qualify for the equity method of accounting after the effective date. The Company is in the process of evaluating the impacts of the adoption of this ASU. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718) . This new guidance simplifies certain aspects related to income taxes, the Statement of Cash Flows ("SCF"), and forfeitures when accounting for share-based payment transactions. This new guidance will be effective for the Company for the first reporting period beginning after December 15, 2016, with earlier adoption permitted. Certain of the amendments related to timing of the recognition of tax benefits and tax withholding requirements should be applied using a modified retrospective transition method. Amendments related to the presentation of the SCF should be applied retrospectively. All other provisions may be applied on a prospective or modified retrospective basis. The Company is in the process of evaluating the impacts of the adoption of this ASU. NOTE 2. RECENT ACCOUNTING DEVELOPMENTS (continued) In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments . This new guidance significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. This standard will replace today’s “incurred loss” approach with an “expected loss” model for instruments measured at amortized cost. For available-for-sale debt securities, entities will be required to record allowances rather than reduce the carrying amount, as they do today under the other-than-temporary impairment model. It also simplifies the accounting model for purchased credit-impaired debt securities and loans. The new guidance will be effective for the Company for the first reporting period beginning after December 15, 2019, with earlier adoption permitted. Adoption of the new guidance can be applied only on a prospective basis as a cumulative-effect adjustment to retained earnings. The Company is in the process of evaluating the impacts of the adoption of this ASU. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments. The amendments in this Update provide guidance on several specific cash flow issues. The guidance will be effective for the fiscal year beginning after December 15, 2017, including interim periods within that year. Early adoption is permitted, including adoption in an interim period, however any adjustments should be reflected as of the beginning of the fiscal year that includes the period of adoption. All of the amended guidance must be adopted in the same period. The Company is in the process of evaluating the impacts of the adoption of this ASU. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740), Intra-Entity Transfers of Assets Other Than Inventory . The amendments in this Update eliminate the exception for an intra-entity transfer of an asset other than inventory. The guidance will be effective for the Company for annual reporting periods beginning after December 15, 2017, including interim reporting periods. Early adoption is permitted at the beginning of an annual reporting period for which annual or interim financial statements have not been issued or made available for issuance. The Company is in the process of evaluating the impacts of the adoption of this ASU. In October 2016, the FASB issued ASU 2016-17, Consolidation (Topic 810), Interest Held Through Related Parties That Are Under Common Control. The amendments in this Update will change the evaluation of whether a reporting entity is the primary beneficiary of a VIE by changing how a reporting entity that is a single decision maker of a VIE treats indirect interests in the entity held through related parties that are under common control with the reporting entity. The guidance will be effective for the fiscal year beginning after December 15, 2016, including interim periods within that year. The Company is in the process of evaluating the impacts of the adoption of this ASU. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (A consensus of the FASB Emerging Issues Task Force), which requires that the statement of cash flows include restricted cash in the beginning and end-of-period total amounts shown on the statement of cash flows and that the statement of cash flows explain changes in restricted cash during the period. The guidance will be effective for the Company for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted, however, adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Company does not expect the adoption of this ASU to have an impact on its financial position or result of operations and expects the impact to be disclosure only.
Subsequent Events	Subsequent Events The Company evaluated events from the date of the Condensed Consolidated Financial Statements on June 30, 2016 through the issuance of these Condensed Consolidated Financial Statements and has determined that there have been no material events that would require recognition in its Condensed Consolidated Financial Statements or disclosure in the Notes to the Condensed Consolidated Financial Statements for the three-month period ended June 30, 2016 other than the transaction disclosed within Note 18 of these Condensed Consolidated Financial Statements
Commercial Lending Asset Quality	Commercial Lending Asset Quality Indicators Commercial credit quality disaggregated by class of financing receivables is summarized according to standard regulatory classifications as follows: PASS. Asset is well-protected by the current net worth and paying capacity of the obligor or guarantors, if any, or by the fair value less costs to acquire and sell any underlying collateral in a timely manner. SPECIAL MENTION. Asset has potential weaknesses that deserve management’s close attention, which, if left uncorrected, may result in deterioration of the repayment prospects for an asset at some future date. Special Mention assets are not adversely classified. SUBSTANDARD. Asset is inadequately protected by the current net worth and paying capacity of the obligor or by the collateral pledged, if any. A well-defined weakness or weaknesses exist that jeopardize the liquidation of the debt. The loans are characterized by the distinct possibility that the Company will sustain some loss if deficiencies are not corrected. DOUBTFUL. Exhibits the inherent weaknesses of a substandard credit. Additional characteristics exist that make collection or liquidation in full highly questionable and improbable, on the basis of currently known facts, conditions and values. Possibility of loss is extremely high, but because of certain important and reasonable specific pending factors which may work to the advantage and strengthening of the credit, an estimated loss cannot yet be determined. LOSS. Credit is considered uncollectible and of such little value that it does not warrant consideration as an active asset. There may be some recovery or salvage value, but there is doubt as to whether, how much or when the recovery would occur.
Troubled Debt Restructuring	Commercial Loan TDRs All of the Company’s commercial loan modifications are based on the circumstances of the individual customer, including specific customers' complete relationships with the Company. Loan terms are modified to meet each borrower’s specific circumstances at a point in time and may allow for modifications such as term extensions, interest rate reductions, etc. Modifications for commercial loan TDRs generally, although not always, result in bifurcation of the original loan into A and B notes. The A note is restructured to allow for upgraded risk rating and return to accrual status after a sustained period of payment performance has been achieved (typically six months for monthly payment schedules). The B note, if any, is structured as a deficiency note; the balance is charged off but the debt is usually not forgiven. Commercial TDRs are generally placed on non-accrual status until the Company believes repayment under the revised terms is reasonably assured and a sustained period of repayment performance has been achieved (typically six months for a monthly amortizing loan). TDRs are subject to analysis for specific reserves by either calculating the present value of expected future cash flows or, if collateral-dependent, calculating the fair value of the collateral less its estimated cost to sell. The TDR classification will remain on the loan until it is paid in full or liquidated. NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) Consumer Loan TDRs The primary modification program for the Company’s residential mortgage and home equity portfolios is a proprietary program designed to keep customers in their homes and, when appropriate, prevent them from entering into foreclosure. The program is available to all customers facing a financial hardship regardless of their delinquency status. The main goal of the modification program is to review the customer’s entire financial condition to ensure that the proposed modified payment solution is affordable according to a specific debt-to-income ("DTI") ratio range. The main modification benefits of the program allow for term extensions, interest rate reductions, and/or deferment of principal. The Company reviews each customer on a case-by-case basis to determine which benefit or combination of benefits will be offered to achieve the target DTI range. For the Company’s other consumer portfolios, including RICs and auto loans, the terms of the modifications generally include one or a combination of: a reduction of the stated interest rate of the loan at a rate of interest lower than the current market rate for new debt with similar risk or an extension of the maturity date or principal forgiveness. Consumer TDRs excluding RICs are generally placed on non-accrual status until the Company believes repayment under the revised terms is reasonably assured and a sustained period of repayment performance has been achieved (typically six months for a monthly amortizing loan). Any loan that has remained current for the six months immediately prior to modification will remain on accrual status after the modification is implemented. After modification, RICs are classified as current and continue to accrue interest as long as they remain less than 60 days past due. The TDR classification will remain on the loan until it is paid in full or liquidated. In addition to loans identified as TDRs above, the guidance also requires loans discharged under Chapter 7 bankruptcy proceedings to be considered TDRs and collateral-dependent, regardless of delinquency status. TDRs that are collateral-dependent loans must be written down to fair market value and classified as non-accrual/non-performing for the remaining life of the loan. TDR Impact to Allowance for Loan and Lease Losses The ALLL is established to recognize losses inherent in funded loans intended to be held-for-investment that are probable and can be reasonably estimated. Prior to loans being placed in TDR status, the Company generally measures its allowance under a loss contingency methodology in which consumer loans with similar risk characteristics are pooled and loss experience information is monitored for credit risk and deterioration with statistical tools considering factors such as delinquency, LTV and credit scores. Upon TDR modification, the Company generally measures impairment based on a present value of expected future cash flows methodology considering all available evidence using the original effective interest rate or fair value of collateral, less costs to sell. The amount of the required ALLL is equal to the difference between the loan’s impaired value and the recorded investment. When a consumer TDR subsequently defaults, the Company generally measures impairment based on the fair value of the collateral, if applicable, less its estimated cost to sell. Typically, commercial loans whose terms are modified in a TDR will have been identified as impaired prior to modification and accounted for generally using a present value of expected future cash flows methodology, unless the loan is considered collateral-dependent. Loans considered collateral-dependent are measured for impairment based on their fair values of collateral less estimated cost to sell. Accordingly, upon TDR modification or if a TDR modification subsequently defaults, the allowance methodology remains unchanged.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Summary of Available-for-sale Securities	The following tables present the amortized cost, gross unrealized gains and losses and approximate fair values of securities available-for-sale at the dates indicated: June 30, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Loss Fair Value (in thousands) U.S. Treasury securities $ 2,004,639 $ 114 $ — $ 2,004,753 Asset-backed securities ("ABS") 1,931,093 10,380 (1,630 ) 1,939,843 Equity securities 11,030 7 (238 ) 10,799 State and municipal securities 33 — — 33 Mortgage-backed securities ("MBS"): U.S. government agencies - Residential 6,073,061 67,550 (9,880 ) 6,130,731 U.S. government agencies - Commercial 995,610 20,841 (1,295 ) 1,015,156 FHLMC and FNMA - Residential debt securities (1) 8,240,765 89,550 (37,620 ) 8,292,695 FHLMC and FNMA - Commercial debt securities 23,948 633 (8 ) 24,573 Non-agency securities 30 — — 30 Total investment securities available-for-sale $ 19,280,209 $ 189,075 $ (50,671 ) $ 19,418,613 (1) Federal Home Loan Mortgage Corporation ("FHLMC") and Federal National Mortgage Association ("FNMA") December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Loss Fair Value (in thousands) U.S. Treasury securities $ 3,192,411 $ 1,658 $ (5,681 ) $ 3,188,388 Corporate debt securities 1,476,801 10,021 (11,248 ) 1,475,574 Asset-backed securities 1,763,178 7,826 (1,494 ) 1,769,510 Equity securities 10,894 1 (408 ) 10,487 State and municipal securities 748,696 19,616 (432 ) 767,880 Mortgage-backed securities: U.S. government agencies - Residential 4,033,041 10,225 (36,513 ) 4,006,753 U.S. government agencies - Commercial 1,006,161 3,347 (7,153 ) 1,002,355 FHLMC and FNMA - Residential debt securities 8,636,745 10,556 (153,128 ) 8,494,173 FHLMC and FNMA - Commercial debt securities 138,094 723 (2,487 ) 136,330 Non-agency securities 45 — — 45 Total investment securities available-for-sale $ 21,006,066 $ 63,973 $ (218,544 ) $ 20,851,495
Investments Classified by Contractual Maturity Date	Contractual maturities of the Company’s debt securities available-for-sale at June 30, 2016 are as follows: Amortized Cost Fair Value (in thousands) Due within one year $ 2,580,420 $ 2,581,612 Due after 1 year but within 5 years 1,172,853 1,181,727 Due after 5 years but within 10 years 246,986 249,266 Due after 10 years 15,268,920 15,395,209 Total $ 19,269,179 $ 19,407,814
Gross Unrealized Loss and Fair Value of Securities Available-for-Sale	The following tables present the aggregate amount of unrealized losses as of June 30, 2016 and December 31, 2015 on securities in the Company’s available-for-sale investment portfolio classified according to the amount of time that those securities have been in a continuous loss position: June 30, 2016 Less than 12 months 12 months or longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (in thousands) Asset-backed securities $ 346,390 $ (766 ) $ 60,299 $ (864 ) $ 406,689 $ (1,630 ) Equity securities — — 10,112 (238 ) 10,112 (238 ) Mortgage-backed securities: U.S. government agencies - Residential 954,360 (6,538 ) 589,955 (3,342 ) 1,544,315 (9,880 ) U.S. government agencies - Commercial — — 112,214 (1,295 ) 112,214 (1,295 ) FHLMC and FNMA - Residential debt securities 172,139 (421 ) 2,077,045 (37,199 ) 2,249,184 (37,620 ) FHLMC and FNMA - Commercial debt securities 471 (8 ) — — 471 (8 ) Total $ 1,473,360 $ (7,733 ) $ 2,849,625 $ (42,938 ) $ 4,322,985 $ (50,671 ) NOTE 3. INVESTMENT SECURITIES (continued) December 31, 2015 Less than 12 months 12 months or longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (in thousands) U.S. Treasury securities $ 2,243,343 $ (5,681 ) $ — $ — $ 2,243,343 $ (5,681 ) Corporate debt securities 775,366 (5,269 ) 152,486 (5,979 ) 927,852 (11,248 ) Asset-backed securities 300,869 (1,083 ) 35,126 (411 ) 335,995 (1,494 ) Equity securities 596 (7 ) 9,748 (401 ) 10,344 (408 ) State and municipal securities 15,665 (119 ) 26,024 (313 ) 41,689 (432 ) Mortgage-backed securities: U.S. government agencies - Residential 1,670,150 (11,164 ) 954,916 (25,349 ) 2,625,066 (36,513 ) U.S. government agencies - Commercial 367,706 (3,382 ) 114,038 (3,771 ) 481,744 (7,153 ) FHLMC and FNMA - Residential debt securities 4,650,327 (38,013 ) 2,127,962 (115,115 ) 6,778,289 (153,128 ) FHLMC and FNMA - Commercial debt securities 115,347 (2,487 ) — — 115,347 (2,487 ) Total $ 10,139,369 $ (67,205 ) $ 3,420,300 $ (151,339 ) $ 13,559,669 $ (218,544 )
Gains (Losses) and Proceeds on Sales of Securities	Proceeds from sales of investment securities and the realized gross gains and losses from those sales are as follows: Three-Month Period Six-Month Period 2016 2015 2016 2015 (in thousands) Proceeds from the sales of available-for-sale securities $ 3,319,454 $ 1,244,093 $ 6,755,298 $ 2,254,608 Gross realized gains $ 33,622 $ 12,277 $ 60,328 $ 23,059 Gross realized losses (2,283 ) (1,478 ) (2,558 ) (2,703 ) OTTI (34 ) (1,092 ) (44 ) (1,092 ) Net realized gains $ 31,305 $ 9,707 $ 57,726 $ 19,264

LOANS AND ALLOWANCE FOR CREDI29

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	6 Months Ended
	Jun. 30, 2016
Loans and Leases Receivable Disclosure [Abstract]
Schedule of Loans Receivable	The following table presents the composition of the gross loans and leases held-for-investment by type of loan and by fixed and variable rates at the dates indicated: June 30, 2016 December 31, 2015 Amount Percent Amount Percent (dollars in thousands) Commercial loans held-for-investment: Commercial real estate loans $ 9,252,743 11.5 % $ 8,722,917 11.0 % Commercial and industrial loans 19,615,226 24.3 % 19,787,834 24.9 % Multifamily loans 9,225,985 11.5 % 9,438,463 11.9 % Other commercial (2) 3,006,362 3.7 % 2,676,506 3.4 % Total commercial loans held-for-investment 41,100,316 51.0 % 40,625,720 51.2 % Consumer loans secured by real estate: Residential mortgages 6,227,307 7.7 % 6,230,995 7.8 % Home equity loans and lines of credit 6,078,463 7.6 % 6,151,232 7.7 % Total consumer loans secured by real estate 12,305,770 15.3 % 12,382,227 15.5 % Consumer loans not secured by real estate: Retail installment contracts and auto loans - originated 20,903,940 25.9 % 18,539,588 23.4 % Retail installment contracts and auto loans - purchased 4,629,815 5.8 % 6,108,210 7.7 % Personal unsecured loans 722,215 0.9 % 685,467 0.9 % Other consumer (3) 908,720 1.1 % 1,032,580 1.3 % Total consumer loans 39,470,460 49.0 % 38,748,072 48.8 % Total loans held-for-investment (1) $ 80,570,776 100.0 % $ 79,373,792 100.0 % Total loans held-for-investment: Fixed rate $ 47,126,419 58.5 % $ 46,721,562 58.9 % Variable rate 33,444,357 41.5 % 32,652,230 41.1 % Total loans held-for-investment (1) $ 80,570,776 100.0 % $ 79,373,792 100.0 % (1) Total loans held-for-investment includes deferred loan fees, net of deferred origination costs and unamortized purchase premiums, net of discounts as well as purchase accounting adjustments. These items resulted in a net increase in the loan balances of $467.3 million and $26.3 million as of June 30, 2016 and December 31, 2015 , respectively. (2) Other commercial primarily includes commercial equipment vehicle financing ("CEVF") leveraged leases and loans. (3) Other consumer primarily includes recreational vehicles ("RV") and marine loans.
Allowance for Credit Losses by Portfolio Segment	The activity in the ACL by portfolio segment for the three-month and six-month periods ended June 30, 2016 and 2015 was as follows: Three-Month Period Ended June 30, 2016 Commercial Consumer Unallocated Total (in thousands) Allowance for loan and lease losses, beginning of period $ 531,850 $ 2,903,425 $ 45,328 $ 3,480,603 (Recovery of)/Provision for loan losses (20,841 ) 634,784 — 613,943 Charge-offs (32,533 ) (1,019,659 ) — (1,052,192 ) Recoveries 21,223 611,691 — 632,914 Charge-offs, net of recoveries (11,310 ) (407,968 ) — (419,278 ) Allowance for loan and lease losses, end of period $ 499,699 $ 3,130,241 $ 45,328 $ 3,675,268 Reserve for unfunded lending commitments, beginning of period $ 172,008 $ — $ — $ 172,008 Provision for unfunded lending commitments (16,634 ) — — (16,634 ) Loss on unfunded lending commitments (166 ) — — (166 ) Reserve for unfunded lending commitments, end of period 155,208 — — 155,208 Total allowance for credit losses, end of period $ 654,907 $ 3,130,241 $ 45,328 $ 3,830,476 Six-Month Period Ended June 30, 2016 Commercial Consumer Unallocated Total (in thousands) Allowance for loan and lease losses, beginning of period $ 435,717 $ 2,679,666 $ 45,328 $ 3,160,711 Provision for loan and lease losses 90,193 1,381,418 — 1,471,611 Charge-offs (72,849 ) (2,149,073 ) — (2,221,922 ) Recoveries 46,638 1,218,230 — 1,264,868 Charge-offs, net of recoveries (26,211 ) (930,843 ) — (957,054 ) Allowance for loan and lease losses, end of period $ 499,699 $ 3,130,241 $ 45,328 $ 3,675,268 Reserve for unfunded lending commitments, beginning of period $ 147,396 $ — $ — $ 147,396 Provision for unfunded lending commitments 7,977 — — 7,977 Loss on unfunded lending commitments (165 ) — — (165 ) Reserve for unfunded lending commitments, end of period 155,208 — — 155,208 Total allowance for credit losses, end of period $ 654,907 $ 3,130,241 $ 45,328 $ 3,830,476 Ending balance, individually evaluated for impairment (1) $ 129,084 $ 1,226,748 $ — $ 1,355,832 Ending balance, collectively evaluated for impairment 370,615 1,903,493 45,328 2,319,436 Financing receivables: Ending balance $ 41,564,581 $ 42,263,353 $ — $ 83,827,934 Ending balance, evaluated under the fair value option or lower of cost or fair value (2) 464,265 3,043,596 — 3,507,861 Ending balance, individually evaluated for impairment (1) 628,642 4,814,931 — 5,443,573 Ending balance, collectively evaluated for impairment 40,471,674 34,404,826 — 74,876,500 (1) Consists primarily of loans in TDR status (2) Represents LHFS and those loans for which the Company has elected the FVO. NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) Three-Month Period Ended June 30, 2015 Commercial Consumer Unallocated Total (in thousands) Allowance for loan and lease losses, beginning of period $ 413,014 $ 1,796,974 $ 71,299 $ 2,281,287 Provision for / (Recovery of) loan losses 13,353 941,605 293 955,251 Charge-offs (31,846 ) (879,302 ) — (911,148 ) Recoveries 8,174 501,089 — 509,263 Charge-offs, net of recoveries (23,672 ) (378,213 ) — (401,885 ) Allowance for loan and lease losses, end of period $ 402,695 $ 2,360,366 $ 71,592 $ 2,834,653 Reserve for unfunded lending commitments, beginning of period $ 127,641 $ — $ — $ 127,641 Provision for unfunded lending commitments 10,000 — — 10,000 Loss on unfunded lending commitments — — — — Reserve for unfunded lending commitments, end of period 137,641 — — 137,641 Total allowance for credit losses, end of period $ 540,336 $ 2,360,366 $ 71,592 $ 2,972,294 Six-Month Period Ended June 30, 2015 Commercial Consumer Unallocated Total (in thousands) Allowance for loan and lease losses, beginning of period $ 401,553 $ 1,267,025 $ 33,024 $ 1,701,602 Provision for loan and lease losses 38,153 1,937,169 38,568 2,013,890 Other (1) — (27,117 ) — (27,117 ) Charge-offs (51,184 ) (1,822,278 ) — (1,873,462 ) Recoveries 14,173 1,005,567 — 1,019,740 Charge-offs, net of recoveries (37,011 ) (816,711 ) — (853,722 ) Allowance for loan and lease losses, end of period $ 402,695 $ 2,360,366 $ 71,592 $ 2,834,653 Reserve for unfunded lending commitments, beginning of period $ 132,641 $ — $ — $ 132,641 Provision for unfunded lending commitments 5,000 — — 5,000 Loss on unfunded lending commitments — — — — Reserve for unfunded lending commitments, end of period 137,641 — — 137,641 Total allowance for credit losses, end of period $ 540,336 $ 2,360,366 $ 71,592 $ 2,972,294 Ending balance, individually evaluated for impairment (2) $ 60,139 $ 594,600 $ — $ 654,739 Ending balance, collectively evaluated for impairment 342,556 1,765,766 71,592 2,179,914 Financing receivables: Ending balance $ 39,001,911 $ 42,273,367 $ — $ 81,275,278 Ending balance, evaluated under the fair value option or lower of cost or fair value (3) 1,012 2,379,729 — 2,380,741 Ending balance, individually evaluated for impairment (2) 407,208 3,780,458 — 4,187,666 Ending balance, collectively evaluated for impairment 38,593,691 36,113,180 — 74,706,871 (1) The "Other" amount represents the impact on the ALLL in connection with SC classifying approximately $1.0 billion of RICs as held-for-sale during the first quarter of 2015. (2) Consists primarily of loans in TDR status. (3) Represents LHFS and those loans for which the Company has elected the FVO. NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) The following table presents the activity in the Allowance for loan losses for the Retail Installment Contracts acquired ("Purchased") in the Change in Control and those originated by SC subsequent to the Change in Control. Three Month Period Ended June 30, 2016 Six Month Period Ended June 30, 2016 Purchased Originated Total Purchased Originated Total (in thousands) Allowance for loan and lease losses, beginning of period $ 589,107 $ 2,137,270 $ 2,726,377 $ 590,807 $ 1,891,989 $ 2,482,796 Provision for / (Release of) loan and lease losses 47,617 572,145 619,762 121,252 1,246,565 1,367,817 Other — — — — — — Charge-offs (194,169 ) (789,788 ) (983,957 ) (458,961 ) (1,614,868 ) (2,073,829 ) Recoveries 173,068 422,813 595,881 362,525 818,754 1,181,279 Charge-offs, net of recoveries (21,101 ) (366,975 ) (388,076 ) (96,436 ) (796,114 ) (892,550 ) Allowance for loan and lease losses, end of period $ 615,623 $ 2,342,440 $ 2,958,063 $ 615,623 $ 2,342,440 $ 2,958,063 Three Month Period Ended June 30, 2015 Six Month Period Ended June 30, 2015 Purchased Originated Total Purchased Originated Total (in thousands) Allowance for loan and lease losses, beginning of period $ 319,231 $ 920,153 $ 1,239,384 $ 963 $ 709,024 $ 709,987 Provision for / (Release of) loan and lease losses 330,724 454,219 784,943 829,629 834,357 1,663,986 Other — — — (27,117 ) — (27,117 ) Charge-offs (399,788 ) (337,204 ) (736,992 ) (887,412 ) (656,206 ) (1,543,618 ) Recoveries 292,542 181,966 474,508 626,646 331,959 958,605 Charge-offs, net of recoveries (107,246 ) (155,238 ) (262,484 ) (260,766 ) (324,247 ) (585,013 ) Allowance for loan and lease losses, end of period $ 542,709 $ 1,219,134 $ 1,761,843 $ 542,709 $ 1,219,134 $ 1,761,843
Schedule of Non-accrual Loans	The recorded investment in non-accrual loans disaggregated by class of financing receivables and other non-performing assets is summarized as follows: June 30, 2016 December 31, 2015 (in thousands) Non-accrual loans: Commercial: Commercial real estate: Corporate banking $ 68,537 $ 71,979 Middle market commercial real estate 74,799 37,745 Santander real estate capital 3,210 3,454 Commercial and industrial 248,688 85,745 Multifamily 6,845 9,162 Other commercial 10,234 2,982 Total commercial loans 412,313 211,067 Consumer: Residential mortgages 155,738 173,780 Home equity loans and lines of credit 119,135 127,171 Retail installment contracts and auto loans - originated 766,982 701,785 Retail installment contracts and auto loans - purchased 315,414 417,276 Personal unsecured loans 207 895 Other consumer 14,041 23,125 Total consumer loans 1,371,517 1,444,032 Total non-accrual loans 1,783,830 1,655,099 Other real estate owned ("OREO") 37,432 38,959 Repossessed vehicles 183,713 172,375 Foreclosed and other repossessed assets 2,489 374 Total OREO and other repossessed assets 223,634 211,708 Total non-performing assets $ 2,007,464 $ 1,866,807
Aging Analysis of Loan Portfolio	The age of recorded investments in past due loans and accruing loans greater than 90 days past due disaggregated by class of financing receivables is summarized as follows: As of June 30, 2016 30-89 Greater Total Current Total (1) Recorded Investment (in thousands) Commercial: Commercial real estate: Corporate banking $ 10,463 $ 30,716 $ 41,179 $ 2,844,353 $ 2,885,532 $ — Middle market commercial real estate — 44,126 44,126 4,828,281 4,872,407 — Santander real estate capital 233 — 233 1,494,571 1,494,804 — Commercial and industrial 35,017 36,554 71,571 20,007,920 20,079,491 — Multifamily 5,335 2,245 7,580 9,218,405 9,225,985 — Other commercial 5,562 1,743 7,305 2,999,057 3,006,362 — Consumer: Residential mortgages 129,065 127,707 256,772 6,315,726 6,572,498 — Home equity loans and lines of credit 32,307 73,410 105,717 5,972,746 6,078,463 — Retail installment contracts and auto loans - originated 2,424,416 209,833 2,634,249 19,746,681 22,380,930 — Retail installment contracts and auto loans - purchased 969,026 74,638 1,043,664 3,586,151 4,629,815 — Personal unsecured loans 81,586 89,642 171,228 1,521,699 1,692,927 85,765 Other consumer 27,701 22,922 50,623 858,097 908,720 — Total $ 3,720,711 $ 713,536 $ 4,434,247 $ 79,393,687 $ 83,827,934 $ 85,765 (1) Financing receivables include LHFS. NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) As of December 31, 2015 30-89 Greater Total Current Total (1) Recorded (in thousands) Commercial: Commercial real estate: Corporate banking $ 18,085 $ 30,000 $ 48,085 $ 2,901,004 $ 2,949,089 $ — Middle market commercial real estate 575 21,063 21,638 4,201,721 4,223,359 — Santander real estate capital — 654 654 1,549,815 1,550,469 — Commercial and industrial 31,067 44,032 75,099 19,799,134 19,874,233 — Multifamily 2,951 4,537 7,488 9,430,975 9,438,463 — Other commercial 3,968 2,079 6,047 2,670,459 2,676,506 — Consumer: Residential mortgages 140,323 142,510 282,833 6,184,922 6,467,755 — Home equity loans and lines of credit 28,166 79,715 107,881 6,043,351 6,151,232 — Retail installment contracts and auto loans - originated 2,149,480 212,569 2,362,049 17,083,248 19,445,297 — Retail installment contracts and auto loans - purchased 1,242,545 109,258 1,351,803 4,756,407 6,108,210 — Personal unsecured loans 78,741 83,686 162,427 2,477,454 2,639,881 79,729 Other consumer 41,667 32,573 74,240 958,340 1,032,580 — Total $ 3,737,568 $ 762,676 $ 4,500,244 $ 78,056,830 $ 82,557,074 $ 79,729 (1) Financing receivables include LHFS.
Schedule of Impaired Loans by Class	Impaired loans disaggregated by class of financing receivables are summarized as follows: June 30, 2016 Recorded Investment (1) Unpaid Related Average (in thousands) With no related allowance recorded: Commercial: Commercial real estate: Corporate banking $ 36,629 $ 36,860 $ — $ 38,736 Middle market commercial real estate 61,467 106,415 — 69,896 Santander real estate capital 2,709 2,709 — 2,762 Commercial and industrial 40,442 41,755 — 22,039 Multifamily 12,698 13,474 — 11,083 Other commercial 908 908 — 574 Consumer: Residential mortgages 66,915 66,915 — 46,862 Home equity loans and lines of credit 52,357 52,357 — 41,719 Retail installment contracts and auto loans - originated 9 9 — 12 Retail installment contracts and auto loans - purchased 49,886 65,993 — 62,792 Personal unsecured loans (2) 21,742 21,742 — 17,304 Other consumer 19,850 24,213 — 16,173 With an allowance recorded: Commercial: Commercial real estate: Corporate banking 34,575 36,327 9,103 32,976 Middle market commercial real estate 73,941 84,730 12,954 55,994 Santander real estate capital 8,711 8,711 950 4,683 Commercial and industrial 278,813 285,073 104,864 196,086 Multifamily 966 971 653 3,310 Other commercial 7,555 7,598 560 5,386 Consumer: Residential mortgages 131,971 157,281 27,185 152,118 Home equity loans and lines of credit 51,110 65,749 4,797 61,479 Retail installment contracts and auto loans - originated 2,218,319 2,269,720 690,186 1,772,147 Retail installment contracts and auto loans - purchased 2,185,838 2,470,349 501,109 2,319,973 Personal unsecured loans 1,585 1,897 385 1,712 Other consumer 13,935 18,926 3,086 16,299 Total: Commercial $ 559,414 $ 625,531 $ 129,084 $ 443,525 Consumer 4,813,517 5,215,151 1,226,748 4,508,590 Total $ 5,372,931 $ 5,840,682 $ 1,355,832 $ 4,952,115 (1) Recorded investment includes deferred loan fees, net of deferred origination costs and unamortized purchase premiums, net of discounts as well as purchase accounting adjustments. (2) Includes LHFS. December 31, 2015 Recorded Investment (1) Unpaid Related Average (in thousands) With no related allowance recorded: Commercial: Commercial real estate: Corporate banking $ 40,843 $ 43,582 $ — $ 39,289 Middle market commercial real estate 78,325 123,495 — 103,059 Santander real estate capital 2,815 2,815 — 2,899 Commercial and industrial 3,635 5,046 — 5,780 Multifamily 9,467 10,488 — 15,980 Other commercial 239 239 — 164 Consumer: Residential mortgages 26,808 26,808 — 25,108 Home equity loans and lines of credit 31,080 31,080 — 29,155 Retail installment contracts and auto loans - originated 15 15 — 8 Retail installment contracts and auto loans - purchased 75,698 96,768 — 931,411 Personal unsecured loans 12,865 12,865 — 6,729 Other consumer 12,495 16,002 — 9,048 With an allowance recorded: Commercial: Corporate banking 31,376 32,650 6,413 45,663 Middle market commercial real estate 38,046 43,745 5,624 49,072 Santander real estate capital 654 782 98 2,266 Commercial and industrial 113,358 142,308 35,184 88,771 Multifamily 5,653 5,658 443 5,816 Other commercial 3,216 4,465 749 2,574 Consumer: Residential mortgages 172,265 200,176 25,034 151,539 Home equity loans and lines of credit 71,847 86,355 3,757 65,990 Retail installment contracts and auto loans - originated 1,325,975 1,359,585 408,208 691,244 Retail installment contracts and auto loans - purchased 2,454,108 2,773,536 454,926 1,227,054 Personal unsecured loans 1,839 2,226 430 9,158 Other consumer 18,663 23,790 3,225 17,479 Total: Commercial $ 327,627 $ 415,273 $ 48,511 $ 361,333 Consumer 4,203,658 4,629,206 895,580 3,163,923 Total $ 4,531,285 $ 5,044,479 $ 944,091 $ 3,525,256 (1) Recorded investment includes deferred loan fees, net of deferred origination costs and unamortized purchase premiums, net of discounts as well as purchase accounting adjustments.
Schedule of Financing Receivable by LTV	110% Grand Total FICO ® Score (dollars in thousands) N/A (1) $ 186,139 $ 2,217 $ 1,810 $ — $ — $ 190,166 <600 10,831 154,748 67,073 19,757 17,505 269,914 600-639 8,426 143,840 75,934 16,056 11,211 255,467 640-679 10,988 270,010 163,122 32,871 20,611 497,602 680-719 11,301 456,666 300,494 51,404 26,837 846,702 720-759 10,028 649,337 406,400 52,877 35,373 1,154,015 >=760 26,192 1,689,411 977,354 109,759 61,881 2,864,597 Grand Total $ 263,905 $ 3,366,229 $ 1,992,187 $ 282,724 $ 173,418 $ 6,078,463 (1) Residential mortgages and home equity loans and lines of credit in the "N/A" range for LTV or FICO ® score primarily represent loans serviced by others, in run-off portfolios or for which a current LTV or FICO ® score is unavailable. (2) Allowance model considers LTV for financing receivables in first lien position for the Company and CLTV for financing receivables in second lien position for the Company. Residential Mortgages (1)(3) December 31, 2015 N/A (2) LTV<=70% 70.01-80% 80.01-90% 90.01-100% 100.01-110% LTV>110% Grand Total FICO ® Score (dollars in thousands) N/A (2) $ 461,839 $ 12,250 $ 2,769 $ — $ — $ — $ — $ 476,858 <600 128 226,185 69,698 30,491 18,279 8,441 9,602 362,824 600-639 1 158,290 43,002 23,281 15,585 5,238 7,579 252,976 640-679 230 252,727 81,552 35,001 29,125 9,101 12,034 419,770 680-719 19 462,180 183,568 62,670 51,659 9,194 22,770 792,060 720-759 339 681,473 341,934 72,729 55,461 11,024 20,982 1,183,942 >=760 84 2,049,268 717,671 112,721 57,385 21,580 20,616 2,979,325 Grand Total $ 462,640 $ 3,842,373 $ 1,440,194 $ 336,893 $ 227,494 $ 64,578 $ 93,583 $ 6,467,755 (1) Includes LHFS. (2) Residential mortgages and home equity loans and lines of credit in the "N/A" range for LTV or FICO® score primarily represent loans serviced by others, in run-off portfolios or for which a current LTV or FICO® score is unavailable. (3) Allowance model considers LTV for financing receivables in first lien position for the Company and CLTV for financing receivables in second lien position for the Company. NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) Home Equity Loans and Lines of Credit (2) December 31, 2015 N/A (1) LTV<=70% 70.01-90% 90.01-110% LTV>110% Grand Total FICO ® Score (dollars in thousands) N/A (1) $ 192,379 $ 390 $ 305 $ — $ — $ 193,074 <600 11,110 155,306 79,389 22,373 22,261 290,439 600-639 8,871 140,277 83,548 20,766 12,525 265,987 640-679 12,534 254,481 174,223 32,925 26,565 500,728 680-719 14,273 431,818 317,260 56,589 31,722 851,662 720-759 12,673 614,748 425,744 63,840 39,981 1,156,986 >=760 34,579 1,644,168 1,007,561 135,571 70,477 2,892,356 Grand Total $ 286,419 $ 3,241,188 $ 2,088,030 $ 332,064 $ 203,531 $ 6,151,232 (1) Residential mortgages and home equity loans and lines of credit in the "N/A" range for LTV or FICO ® score primarily represent loans serviced by others, in run-off portfolios or for which a current LTV or FICO ® score is unavailable. (2) Allowance model considers LTV for financing receivables in first lien position for the Company and CLTV for financing receivables in second lien position for the Company." id="sjs-B9">Residential mortgage and home equity financing receivables by LTV and FICO ® range are summarized as follows: Residential Mortgages (1)(3) June 30, 2016 N/A (2) LTV<=70% 70.01-80% 80.01-90% 90.01-100% 100.01-110% LTV>110% Grand Total FICO ® Score (dollars in thousands) N/A (2) $ 573,780 $ 28,688 $ 845 $ — $ — $ — $ — $ 603,313 <600 119 224,445 55,551 25,527 15,296 7,614 8,158 336,710 600-639 53 153,871 38,696 21,344 8,341 4,271 5,107 231,683 640-679 64 268,152 83,716 39,648 33,110 7,054 8,152 439,896 680-719 79 487,517 150,971 62,688 39,056 6,924 14,629 761,864 720-759 106 727,348 324,614 64,785 43,882 9,229 14,190 1,184,154 >=760 464 2,157,890 676,467 105,578 44,095 13,383 17,001 3,014,878 Grand Total $ 574,665 $ 4,047,911 $ 1,330,860 $ 319,570 $ 183,780 $ 48,475 $ 67,237 $ 6,572,498 (1) Includes LHFS. (2) Residential mortgages and home equity loans and lines of credit in the "N/A" range for LTV or FICO ® score primarily represent loans serviced by others, in run-off portfolios or for which a current LTV or FICO ® score is unavailable. (3) Allowance model considers LTV for financing receivables in first lien position for the Company and combined LTV ("CLTV") for financing receivables in second lien position for the Company. Home Equity Loans and Lines of Credit (2) June 30, 2016 N/A (1) LTV<=70% 70.01-90% 90.01-110% LTV>110% Grand Total FICO ® Score (dollars in thousands) N/A (1) $ 186,139 $ 2,217 $ 1,810 $ — $ — $ 190,166 <600 10,831 154,748 67,073 19,757 17,505 269,914 600-639 8,426 143,840 75,934 16,056 11,211 255,467 640-679 10,988 270,010 163,122 32,871 20,611 497,602 680-719 11,301 456,666 300,494 51,404 26,837 846,702 720-759 10,028 649,337 406,400 52,877 35,373 1,154,015 >=760 26,192 1,689,411 977,354 109,759 61,881 2,864,597 Grand Total $ 263,905 $ 3,366,229 $ 1,992,187 $ 282,724 $ 173,418 $ 6,078,463 (1) Residential mortgages and home equity loans and lines of credit in the "N/A" range for LTV or FICO ® score primarily represent loans serviced by others, in run-off portfolios or for which a current LTV or FICO ® score is unavailable. (2) Allowance model considers LTV for financing receivables in first lien position for the Company and CLTV for financing receivables in second lien position for the Company. Residential Mortgages (1)(3) December 31, 2015 N/A (2) LTV<=70% 70.01-80% 80.01-90% 90.01-100% 100.01-110% LTV>110% Grand Total FICO ® Score (dollars in thousands) N/A (2) $ 461,839 $ 12,250 $ 2,769 $ — $ — $ — $ — $ 476,858 <600 128 226,185 69,698 30,491 18,279 8,441 9,602 362,824 600-639 1 158,290 43,002 23,281 15,585 5,238 7,579 252,976 640-679 230 252,727 81,552 35,001 29,125 9,101 12,034 419,770 680-719 19 462,180 183,568 62,670 51,659 9,194 22,770 792,060 720-759 339 681,473 341,934 72,729 55,461 11,024 20,982 1,183,942 >=760 84 2,049,268 717,671 112,721 57,385 21,580 20,616 2,979,325 Grand Total $ 462,640 $ 3,842,373 $ 1,440,194 $ 336,893 $ 227,494 $ 64,578 $ 93,583 $ 6,467,755 (1) Includes LHFS. (2) Residential mortgages and home equity loans and lines of credit in the "N/A" range for LTV or FICO® score primarily represent loans serviced by others, in run-off portfolios or for which a current LTV or FICO® score is unavailable. (3) Allowance model considers LTV for financing receivables in first lien position for the Company and CLTV for financing receivables in second lien position for the Company. NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) Home Equity Loans and Lines of Credit (2) December 31, 2015 N/A (1) LTV<=70% 70.01-90% 90.01-110% LTV>110% Grand Total FICO ® Score (dollars in thousands) N/A (1) $ 192,379 $ 390 $ 305 $ — $ — $ 193,074 <600 11,110 155,306 79,389 22,373 22,261 290,439 600-639 8,871 140,277 83,548 20,766 12,525 265,987 640-679 12,534 254,481 174,223 32,925 26,565 500,728 680-719 14,273 431,818 317,260 56,589 31,722 851,662 720-759 12,673 614,748 425,744 63,840 39,981 1,156,986 >=760 34,579 1,644,168 1,007,561 135,571 70,477 2,892,356 Grand Total $ 286,419 $ 3,241,188 $ 2,088,030 $ 332,064 $ 203,531 $ 6,151,232 (1) Residential mortgages and home equity loans and lines of credit in the "N/A" range for LTV or FICO ® score primarily represent loans serviced by others, in run-off portfolios or for which a current LTV or FICO ® score is unavailable. (2) Allowance model considers LTV for financing receivables in first lien position for the Company and CLTV for financing receivables in second lien position for the Company.
Summary of Performing and Non-performing TDRs	The following table summarizes the Company’s performing and non-performing TDRs at the dates indicated: June 30, 2016 December 31, 2015 (in thousands) Performing $ 4,429,024 $ 3,797,231 Non-performing 706,941 602,315 Total $ 5,135,965 $ 4,399,546
Schedule of Troubled Debt Restructurings	The following tables detail the activity of TDRs for the three-month and six-month periods ended June 30, 2016 and June 30, 2015 , respectively: Three-Month Period Ended June 30, 2016 Number of Pre-Modification (1) Term Extension Principal Forbearance Other (4) Post-Modification (2) (dollars in thousands) Commercial: Commercial real estate: Corporate Banking 10 $ 104,123 $ (16 ) $ (15,273 ) $ (276 ) $ 88,558 Middle market commercial real estate 1 372 — — 29,945 30,317 Santander real estate capital 1 8,729 — — (18 ) 8,711 Commercial and industrial 337 9,839 (1 ) — — 9,838 Consumer: — Residential mortgages (3) 43 5,627 — — 323 5,950 Home equity loans and lines of credit 35 2,504 — — (49 ) 2,455 Retail installment contracts and auto loans - originated 38,569 710,885 (164 ) — (50 ) 710,671 Retail installment contracts and auto loans - purchased 10,501 122,739 (544 ) — 19 122,214 Personal unsecured loans 220 994 — — (21 ) 973 Other consumer 4 167 — — (1 ) 166 Total 49,721 $ 965,979 $ (725 ) $ (15,273 ) $ 29,872 $ 979,853 Six-Month Period Ended June 30, 2016 Number of Pre-TDR Recorded (1) Term Extension Principal Forbearance Other (4) Post-TDR Recorded Investment (2) (dollars in thousands) Commercial: Commercial real estate: Corporate Banking 19 $ 151,899 $ (32 ) $ (25,856 ) $ (287 ) $ 125,724 Middle market commercial real estate 4 10,826 — — 29,876 40,702 Santander real estate capital 1 8,729 — — (18 ) 8,711 Commercial and industrial 560 17,069 (2 ) — — 17,067 Consumer: Residential mortgages (3) 92 12,275 (1 ) — 529 12,803 Home equity loans and lines of credit 102 7,043 132 — (286 ) 6,889 Retail installment contracts and auto loans - originated 66,264 1,224,951 (247 ) — (111 ) 1,224,593 Retail installment contracts and auto loans - purchased 24,845 298,707 (1,142 ) — (41 ) 297,524 Personal unsecured loans 17,275 22,339 — — (150 ) 22,189 Other consumer 30 1,090 — — (179 ) 911 Total 109,192 $ 1,754,928 $ (1,292 ) $ (25,856 ) $ 29,333 $ 1,757,113 (1) Pre-TDR modification outstanding recorded investment amount is the month-end balance prior to the month the modification occurred. (2) Post-TDR modification outstanding recorded investment amount is the month-end balance for the month that the modification occurred. (3) The post-TDR modification outstanding recorded investment amounts for residential mortgages exclude interest reserves. (4) Other modifications may include modifications such as interest rate reductions, fee waivers, or capitalization of fees. Three-Month Period Ended June 30, 2015 Number of Pre-Modification (1) Term Extension Principal Forbearance Other (4) Post-TDR Recorded Investment (2) (dollars in thousands) Commercial: Commercial real estate: Corporate Banking 10 $ 10,225 $ (993 ) $ (4 ) $ 2,560 $ 11,788 Middle market commercial real estate — — — — — — Santander real estate capital — — — — — — Commercial and industrial 127 4,251 — — — 4,251 Consumer: Residential mortgages (3) 43 6,305 — — 844 7,149 Home equity loans and lines of credit 22 1,023 — — 594 1,617 Retail installment contracts and auto loans - originated 19,495 371,937 (37 ) — (70 ) 371,830 Retail installment contracts and auto loans - purchased 51,049 700,250 (1,374 ) — (335 ) 698,541 Personal unsecured loans 4,691 5,486 — — (27 ) 5,459 Other consumer 2 211 — — 33 244 Total 75,439 $ 1,099,688 $ (2,404 ) $ (4 ) $ 3,599 $ 1,100,879 Six-Month Period Ended June 30, 2015 Number of Pre-TDR Recorded (1) Term Extension Principal Forbearance Other (4) Post-TDR Recorded Investment (2) (dollars in thousands) Commercial: Commercial real estate: Corporate Banking 12 $ 11,673 $ (993 ) $ (4 ) $ 2,551 $ 13,227 Middle market commercial real estate 1 14,439 — — — 14,439 Commercial and industrial 208 15,124 (34 ) (2,679 ) (1 ) 12,410 Consumer: Residential mortgages (3) 89 14,171 — (25 ) 591 14,737 Home equity loans and lines of credit 61 4,694 — — 594 5,288 Retail installment contracts and auto loans - originated 26,526 509,687 (51 ) — (127 ) 509,509 Retail installment contracts and auto loans - purchased 119,507 1,674,181 (3,155 ) — (742 ) 1,670,284 Personal unsecured loans 9,159 10,880 — — (65 ) 10,815 Other consumer 17 1,131 — — 25 1,156 Total 155,580 $ 2,255,980 $ (4,233 ) $ (2,708 ) $ 2,826 $ 2,251,865 (1) Pre-TDR modification outstanding recorded investment amount is the month-end balance prior to the month the modification occurred. (2) Post-TDR modification outstanding recorded investment amount is the month-end balance for the month that the modification occurred. (3) The post-TDR modification outstanding recorded investment amounts for residential mortgages exclude interest reserves. (4) Other modifications may include modifications such as interest rate reductions, fee waivers, or capitalization of fees.
Schedule of Troubled Debt Restructurings Subsequently Defaulted	The following table details TDRs that became TDRs during the past twelve-month period and have subsequently defaulted during the three-month and six-month periods ended June 30, 2016 and June 30, 2015 , respectively. Three-Month Period Six-Month Period 2016 2015 2016 2015 Number of Recorded Investment (1) Number of Recorded Investment (1) Number of Recorded Investment (1) Number of Recorded Investment (1) (dollars in thousands) Commercial Commercial and industrial 35 $ 1,068 12 $ 410 90 $ 3,068 22 $ 686 Consumer: Residential mortgages 6 780 5 890 17 2,592 13 1,820 Home equity loans and lines of credit 3 155 6 674 8 496 11 937 RICs and auto loans 9,944 163,142 12,143 184,270 23,068 377,844 21,836 326,804 Unsecured loans 1,277 1,599 1,174 1,259 2,876 3,426 2,551 2,670 Other consumer — — — — 2 24 2 244 Total 11,265 $ 166,744 13,340 $ 187,503 26,061 $ 387,450 24,435 $ 333,161 (1) The recorded investment represents the period-end balance at June 30, 2016 and 2015 . Does not include Chapter 7 bankruptcy TDRs.
Financing Receivable, Recorded Investment [Line Items]
Schedule of Loans by Credit Quality Indicators	Consumer financing receivables for which either an internal or external credit score is a core component of the allowance model are summarized by credit score as follows: June 30, 2016 December 31, 2015 Credit Score Range (2) RICs and auto loans (3) Percent RICs and auto loans (3) Percent (dollars in thousands) No FICO ®(1) $ 4,120,261 15.2 % $ 4,913,606 19.2 % <600 14,603,481 54.1 % 13,374,065 52.3 % 600-639 4,696,868 17.4 % 4,260,982 16.7 % >=640 3,590,135 13.3 % 3,004,854 11.8 % Total $ 27,010,745 100.0 % $ 25,553,507 100.0 % (1) Consists primarily of loans for which credit scores are not considered in the ALLL model. (2) Credit scores updated quarterly. (3) RICs and auto loans include $1.5 billion and $905.7 million of LHFS at June 30, 2016 and December 31, 2015 that do not have an allowance.
Commercial
Financing Receivable, Recorded Investment [Line Items]
Schedule of Loans by Credit Quality Indicators	The following table reconciles the Company's recorded investment classified by its major portfolio classifications to its commercial loan classifications utilized in its determination of the ALLL and other credit quality disclosures at June 30, 2016 and December 31, 2015 , respectively: Commercial Portfolio Segment (2) Major Loan Classifications (1) June 30, 2016 December 31, 2015 (in thousands) Commercial loans held for investment: Commercial real estate: Corporate Banking $ 2,885,532 $ 2,949,089 Middle Market Real Estate 4,872,407 4,223,359 Santander Real Estate Capital 1,494,804 1,550,469 Total commercial real estate 9,252,743 8,722,917 Commercial and industrial (3) 19,615,226 19,787,834 Multifamily 9,225,985 9,438,463 Other commercial 3,006,362 2,676,506 Total commercial LHFI $ 41,100,316 $ 40,625,720 (1) These represent the Company's loan categories based on the SEC Regulation S-X, Article 9. (2) These represent the Company's loan classes used to determine its ALLL. (3) Commercial and industrial loans excluded $464.3 million of LHFS at June 30, 2016 and excluded $86.4 million of LHFS at December 31, 2015 . Commercial loan credit quality indicators by class of financing receivables are summarized as follows: Commercial Real Estate June 30, 2016 Corporate Middle Santander Commercial and industrial Multifamily Remaining Total (1) (in thousands) Regulatory Rating: Pass $ 2,638,995 $ 4,610,178 $ 1,392,017 $ 18,780,657 $ 9,066,369 $ 2,974,771 $ 39,462,987 Special Mention 76,248 102,358 75,165 581,885 102,972 11,904 950,532 Substandard 160,420 110,631 27,622 684,355 56,244 19,460 1,058,732 Doubtful 9,869 49,240 — 32,594 400 227 92,330 Total commercial loans $ 2,885,532 $ 4,872,407 $ 1,494,804 $ 20,079,491 $ 9,225,985 $ 3,006,362 $ 41,564,581 (1) Financing receivables include LHFS. Commercial Real Estate December 31, 2015 Corporate Middle Santander Commercial and industrial Multifamily Remaining Total (1) (in thousands) Regulatory Rating: Pass $ 2,627,159 $ 4,055,623 $ 1,363,031 $ 18,881,150 $ 9,114,466 $ 2,631,935 $ 38,673,364 Special Mention 99,090 29,620 144,597 492,128 249,165 28,686 1,043,286 Substandard 208,785 117,571 42,187 467,983 74,410 15,601 926,537 Doubtful 14,055 20,545 654 32,972 422 284 68,932 Total commercial loans $ 2,949,089 $ 4,223,359 $ 1,550,469 $ 19,874,233 $ 9,438,463 $ 2,676,506 $ 40,712,119 (1) Financing receivables include LHFS.
Consumer
Financing Receivable, Recorded Investment [Line Items]
Schedule of Loans by Credit Quality Indicators	Consumer Portfolio Segment (2) Major Loan Classifications (1) June 30, 2016 December 31, 2015 (in thousands) Consumer loans secured by real estate: Residential mortgages (3) $ 6,227,307 $ 6,230,995 Home equity loans and lines of credit 6,078,463 6,151,232 Total consumer loans secured by real estate 12,305,770 12,382,227 Consumer loans not secured by real estate: Retail installment contracts and auto loans - originated (4) 20,903,940 18,539,588 Retail installment contracts and auto loans - purchased (4) 4,629,815 6,108,210 Personal unsecured loans (5) 722,215 685,467 Other consumer 908,720 1,032,580 Total consumer loans held-for-investment $ 39,470,460 $ 38,748,072 (1) These represent the Company's loan categories based on the SEC's Regulation S-X, Article 9. (2) These represent the Company's loan classes used to determine its ALLL. (3) Residential mortgages exclude $345.2 million and $236.8 million of LHFS at June 30, 2016 and December 31, 2015 , respectively. (4) RIC and auto loans exclude $1.5 billion and $905.7 million of LHFS at June 30, 2016 and December 31, 2015 , respectively. (5) Personal unsecured loans exclude $970.7 million and $2.0 billion of LHFS at June 30, 2016 and December 31, 2015 , respectively. NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES (continued) The RICs and auto loan portfolio is comprised of: (1) RICs originated by SC prior to the first quarter 2014 change in control and consolidation of SC (the “Change in Control"), (2) RICs originated by SC after the Change in Control, and (3) auto loans originated by SBNA. The composition of the portfolio segment is as follows: June 30, 2016 December 31, 2015 (in thousands) RICs - Purchased: UPB (1) $ 5,063,379 $ 6,709,748 UPB - FVO (2) 72,082 140,995 Total UPB 5,135,461 6,850,743 Purchase Marks (3) (505,646 ) (742,533 ) Total RICs - Purchased 4,629,815 6,108,210 RICs - Originated: UPB (1) 21,439,684 19,069,801 Net discount (552,994 ) (548,057 ) Total RICs - Originated 20,886,690 18,521,744 SBNA auto loans 17,250 17,844 Total RICs originated post-change in control 20,903,940 18,539,588 Total RICs and auto loans $ 25,533,755 $ 24,647,798 (1) UPB does not include amounts related to the loan receivables - unsecured and loan receivables from dealers due to the short-term and revolving nature of these receivables. (2) The Company elected to account for these loans, which were acquired with evidence of credit deterioration, under the FVO. (3) Includes purchase marks of $16.5 million and $33.1 million as of June 30, 2016 and December 31, 2015, respectively, related to purchased loan portfolios on which we elected to apply the FVO.

LEASED VEHICLES, NET (Tables)

LEASED VEHICLES, NET (Tables)	6 Months Ended
	Jun. 30, 2016
Leases [Abstract]
Schedule of Leased Vehicles, Net	Leased vehicles, net consisted of the following as of June 30, 2016 and December 31, 2015 : June 30, 2016 December 31, 2015 (in thousands) Leased vehicles $ 13,114,696 $ 11,297,752 Origination fees and other costs 30,717 29,800 Manufacturer subvention payments, net of accretion (1,209,870 ) (1,048,713 ) Leased vehicles, gross 11,935,543 10,278,839 Less: accumulated depreciation (2,406,801 ) (1,901,004 ) Leased vehicles, net $ 9,528,742 $ 8,377,835
Schedule of Future Minimum Rental Payments Due to the Company Under Operating Leases	The following summarizes the future minimum rental payments due to the Company as lessor under operating leases as of June 30, 2016 (in thousands): Remainder of 2016 $ 872,726 2017 1,351,070 2018 633,342 2019 79,355 2020 1,000 Total $ 2,937,493

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	6 Months Ended
	Jun. 30, 2016
Variable Interest Entity and Securitizations [Abstract]
Schedule of Variable Interest Entities	The assets of consolidated VIEs, presented based upon the legal transfer of the underlying assets in order to reflect legal ownership, that can be used to settle obligations of the consolidated VIE and the liabilities of those consolidated entities for which creditors (or beneficial interest holders) do not have recourse to our general credit were as follows: June 30, 2016 December 31, 2015 (in thousands) Assets Restricted cash $ 2,026,940 $ 1,842,877 Loans (1) 23,499,551 23,494,541 Leased vehicles, net 8,065,227 6,497,310 Various other assets 580,634 630,017 Total Assets $ 34,172,352 $ 32,464,745 Liabilities Notes payable $ 30,979,813 $ 30,628,837 Various other liabilities 90,097 85,844 Total Liabilities $ 31,069,910 $ 30,714,681 (1) Includes $1.6 billion and $1.5 billion of RICs held for sale at June 30, 2016 and December 31, 2015 , respectively.
Summary of Cash Flows Received	A summary of the cash flows received from the off-balance sheet Trusts for the periods indicated is as follows: Three-Month Period Six-Month Period 2016 2015 2016 2015 (in thousands) Assets securitized $ — $ 768,561 $ — $ 768,561 Net proceeds from new securitizations $ — $ 785,983 $ — $ 785,983 Cash received for servicing fees 13,157 6,319 28,858 11,624 Total cash received from Trusts $ 13,157 $ 792,302 $ 28,858 $ 797,607 Below is a summary of the cash flows received from the on-balance sheet Trusts for the periods indicated: Three-Month Period Six-Month Period 2016 2015 2016 2015 (in thousands) Assets securitized $ 6,325,637 $ 6,085,282 $ 9,947,134 $ 10,067,137 Net proceeds from new securitizations (1) $ 5,118,309 $ 4,918,905 $ 7,820,313 $ 7,975,856 Net proceeds from sale of retained bonds 128,798 — 128,798 — Cash received for servicing fees (2) 200,071 173,641 394,435 335,603 Net distributions from Trusts (2) 761,480 616,342 1,391,206 1,072,395 Total cash received from Trusts $ 6,208,658 $ 5,708,888 $ 9,734,752 $ 9,383,854 (1) Includes additional advances on existing securitizations. (2) These amounts are not reflected in the accompanying Condensed Consolidated Statements of Cash Flows because the cash flows are between the VIEs and other entities included in the consolidation

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES (Tables)	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table presents activity in the Company's goodwill by its reportable segments for the six-month period ended June 30, 2016 : Consumer and Business Banking (1) Auto Finance & Business Banking Commercial Real Estate (2) Commercial Banking (2) Global Corporate Banking SC Total (in thousands) Goodwill at December 31, 2015 $ 1,550,321 $ 445,923 $ — $ 1,297,055 $ 131,130 $ 1,019,960 $ 4,444,389 Disposals during the period — — — — — — — Additions during the period — — — — — — — Impairment during the period — — — — — — — Re-allocations during the period 329,983 (445,923 ) 870,411 (754,471 ) — — — Goodwill at June 30, 2016 $ 1,880,304 $ — $ 870,411 $ 542,584 $ 131,130 $ 1,019,960 $ 4,444,389 (1) Consumer and Business Banking were formerly designated as the Retail Banking segment and was renamed during the first quarter of 2016. (2) Commercial Real Estate and Commercial Banking were formerly disclosed as the combined Real Estate and Commercial Banking segment.
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets	The following table details amounts related to the Company's finite-lived and indefinite-lived intangible assets for the dates indicated. June 30, 2016 December 31, 2015 Net Carrying Amount Accumulated Amortization Net Carrying Amount Accumulated Amortization (in thousands) Intangibles subject to amortization: Dealer networks $ 485,232 $ (94,768 ) $ 504,839 $ (75,161 ) Chrysler relationship 102,500 (36,250 ) 110,000 (28,750 ) Core deposit intangibles — (295,842 ) 763 (295,079 ) Trade name (1) 17,700 (300 ) — — Other intangibles 3,924 (25,985 ) 5,453 (24,455 ) Total intangibles subject to amortization 609,356 (453,145 ) 621,055 (423,445 ) Intangibles not subject to amortization: Trade name (1) — — 18,000 — Total Intangibles $ 609,356 $ (453,145 ) $ 639,055 $ (423,445 ) (1) As of December 31, 2015 , the trade name intangible asset was identified as an indefinite-lived intangible not subject to amortization. Effective April 1, 2016 , management has determined this asset to be a definite-lived intangible with a remaining useful life of 15 years .
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated aggregate amortization expense related to intangibles, excluding any impairment charges, for each of the five succeeding calendar years ending December 31 is: Year Calendar Year Amount Recorded To Date Remaining Amount To Record (in thousands) 2016 $ 58,062 $ 29,699 $ 28,363 2017 56,255 — 56,255 2018 55,902 — 55,902 2019 55,701 — 55,701 2020 55,641 — 55,641 Thereafter 357,494 — 357,494

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	6 Months Ended
	Jun. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	The following is a detail of items that comprise other assets at June 30, 2016 and December 31, 2015 : June 30, 2016 December 31, 2015 (in thousands) Income tax receivables $ 419,396 $ 613,339 Derivative assets at fair value 555,127 355,169 Other repossessed assets 186,202 172,749 MSRs, at fair value 117,792 147,233 Prepaid expenses 171,928 162,879 OREO 37,432 38,959 Miscellaneous assets and receivables 482,447 403,487 Total other assets $ 1,970,324 $ 1,893,815
Schedule of Servicing Assets at Fair Value	The following table presents a summary of activity for the Company's residential MSRs that are included in the Condensed Consolidated Balance Sheets . Three-Month Period Ended Six-Month Period Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 (in thousands) Fair value at beginning of period $ 130,742 $ 135,452 $ 147,233 $ 145,047 Mortgage servicing assets recognized 4,801 7,803 8,392 11,329 Principal reductions (6,283 ) (7,319 ) (12,009 ) (13,450 ) Change in fair value due to valuation assumptions (11,468 ) 21,211 (25,824 ) 14,221 Fair value at end of period $ 117,792 $ 157,147 $ 117,792 $ 157,147

DEPOSITS AND OTHER CUSTOMER A34

DEPOSITS AND OTHER CUSTOMER ACCOUNTS (Tables)	6 Months Ended
	Jun. 30, 2016
Deposits [Abstract]
Summary of Deposits and Other Customer Accounts	Deposits and other customer accounts are summarized as follows: June 30, 2016 December 31, 2015 Balance Percent of total deposits Balance Percent of total deposits (in thousands) Interest-bearing demand deposits $ 8,877,518 15.7 % $ 10,253,948 18.3 % Non-interest-bearing demand deposits 9,919,471 17.5 % 8,240,023 14.7 % Savings 4,102,768 7.3 % 3,956,165 7.0 % Customer repurchase accounts 833,882 1.5 % 896,736 1.6 % Money market 24,468,371 43.3 % 24,254,357 43.2 % Certificates of deposit 8,295,689 14.7 % 8,513,003 15.2 % Total Deposits (1) $ 56,497,699 100 % $ 56,114,232 100 % (1) Includes foreign deposits of $558.0 million and $495.9 million at June 30, 2016 and December 31, 2015 , respectively.

BORROWINGS (Tables)

BORROWINGS (Tables)	6 Months Ended
	Jun. 30, 2016
SHUSA
Debt Instrument [Line Items]
Schedule of Borrowings and Other Debt Obligation	The following table presents information regarding the Parent Company borrowings and other debt obligations at the dates indicated: June 30, 2016 December 31, 2015 Balance Effective Rate Balance Effective Rate (dollars in thousands) 4.625% senior notes, due April 2016 $ — — % $ 475,723 4.85 % Senior notes, due November 2017 (1) 598,263 2.33 % — — % 3.45% senior notes, due August 2018 498,198 3.62 % 497,800 3.62 % 2.70% senior notes, due May 2019 996,226 2.84 % — — % 2.65% senior notes, due April 2020 993,907 2.82 % 993,151 2.82 % 4.50% senior notes, due July 2025 1,094,717 4.56 % 1,094,483 4.56 % Junior subordinated debentures - Capital Trust VI, due June 2036 69,786 7.91 % 69,775 7.91 % Common securities - Capital Trust VI 10,000 7.91 % 10,000 7.91 % Junior subordinated debentures - Capital Trust IX, due July 2036 149,419 2.44 % 149,404 2.18 % Common securities - Capital Trust IX 4,640 2.44 % 4,640 2.18 % Total Parent Company borrowings and other debt obligations $ 4,415,156 3.36 % $ 3,294,976 3.91 % (1) These notes bear interest at a rate equal to three-month LIBOR plus 145 basis points per annum.
Santander Bank
Debt Instrument [Line Items]
Schedule of Borrowings and Other Debt Obligation	The following table presents information regarding the Bank's borrowings and other debt obligations at the dates indicated: June 30, 2016 December 31, 2015 Balance Effective Rate Balance Effective Rate (dollars in thousands) 2.00% senior notes, due January 2018 $ 747,257 2.24 % $ 746,381 2.24 % Senior notes, due January 2018 (1) 249,557 1.68 % 249,415 1.31 % 8.750% subordinated debentures, due May 2018 498,520 8.92 % 498,175 8.92 % Subordinated term loan, due February 2019 125,188 6.53 % 130,899 6.15 % FHLB advances, maturing through July 2019 9,000,000 1.05 % 13,885,000 1.40 % REIT preferred, due May 2020 155,692 13.45 % 154,930 13.66 % Subordinated term loan, due August 2022 29,648 8.28 % 30,344 7.89 % Total Bank borrowings and other debt obligations $ 10,805,862 1.77 % $ 15,695,144 1.85 % (1) These notes will bear interest at a rate equal to three-month LIBOR plus 93 basis points per annum.
SC
Debt Instrument [Line Items]
Schedule of Borrowings and Other Debt Obligation	The following tables present information regarding SC's secured structured financings as of June 30, 2016 and December 31, 2015 : June 30, 2016 Balance Initial Note Amounts Issued Initial Weighted Average Interest Rate Range Collateral Restricted Cash (dollars in thousands) SC public securitizations, maturing on various dates (1) $ 14,202,169 $ 30,001,112 0.89% - 2.46% $ 18,399,755 $ 1,457,747 SC privately issued amortizing notes, maturing on various dates (1) 8,303,636 13,035,991 0.88% - 2.86% 11,763,437 494,816 Total SC secured structured financings $ 22,505,805 $ 43,037,103 0.88% - 2.86% $ 30,163,192 $ 1,952,563 (1) SC has entered into various securitization transactions involving its retail automotive installment loans and leases. These transactions are accounted for as secured financings and therefore both the securitized RICs, and the related securitization debt issued by SPEs, remain on the Condensed Consolidated Balance Sheets . The maturity of this debt is based on the timing of repayments from the securitized assets. NOTE 10. BORROWINGS (continued) December 31, 2015 Balance Initial Note Amounts Issued Initial Weighted Average Interest Rate Range Collateral Restricted Cash (dollars in thousands) SC public securitizations, maturing on various dates (1) $ 12,679,987 $ 24,923,292 0.89% - 2.29% $ 16,256,067 $ 1,242,857 SC privately issued amortizing notes, maturing on various dates (1) 8,213,217 11,729,171 0.88% - 2.81% 11,495,352 457,840 Total SC secured structured financings $ 20,893,204 $ 36,652,463 0.88% - 2.81% $ 27,751,419 $ 1,700,697 (1) SC has entered into various securitization transactions involving its retail automotive installment loans and leases. These transactions are accounted for as secured financings and therefore both the securitized RICs, and the related securitization debt issued by SPEs, remain on the Condensed Consolidated Balance Sheets . The maturity of this debt is based on the timing of repayments from the securitized assets. The following tables present information regarding SC's credit facilities as of June 30, 2016 and December 31, 2015 : June 30, 2016 Balance Effective Rate Assets Pledged Restricted Cash Pledged (dollars in thousands) Warehouse line, maturing on various dates (1) $ 449,585 2.27 % $ 621,893 $ 18,030 Warehouse line, due July 2016 (2) 266,084 1.72 % 371,360 — Warehouse line, due November 2016 (3) 175,000 2.00 % — — Warehouse line, due November 2016 (3) 250,000 2.00 % — 2,502 Warehouse line, due June 2017 124,396 3.10 % 300,020 25,055 Warehouse line, due July 2017 (4) 843,820 1.49 % 957,299 26,983 Warehouse line, due July 2017 (5) 2,775,843 1.44 % 4,234,607 60,400 Warehouse line, due December 2017 576,777 2.39 % 821,314 26,889 Warehouse line, due January 2018 91,500 3.08 % 127,284 4,167 Warehouse line, due March 2018 (6) 428,899 1.52 % 609,417 18,123 Repurchase facility, due May 2017 (7) 787,703 2.71 % — 31,763 Repurchase facility, due April 2017 (7) 235,509 1.79 % — — Line of credit with related party, due December 2016 (8) 1,000,000 2.71 % — — Line of credit with related party, due December 2016 (8) 500,000 2.75 % — — Line of credit with related party, due December 2018 (8) 550,000 2.80 % — — Total SC revolving credit facilities $ 9,055,116 2.04 % $ 8,043,194 $ 213,912 (1) As of June 30, 2016 , half of the outstanding balance on this facility matures in March 2017 and half matures in March 2018. (2) As of December 31, 2015 this warehouse line was due in June 2016. It was subsequently amended in July 2016 to extend the maturity to January 2018. (3) These lines are collateralized by residuals retained by SC. (4) This line is held exclusively for financing Chrysler Capital loans. (5) This line is held exclusively for financing Chrysler Capital leases. (6) As of December 31, 2015 this warehouse line was due in September 2017. (7) This repurchase facility is collateralized by securitization notes payable retained by SC. No portion of this facility is unsecured. These facilities have rolling maturities up to 180 days. (8) These lines are also collateralized by securitization notes payable and residuals retained by SC. As of June 30, 2016 , $1.4 billion of the aggregate outstanding balances on these credit facilities was unsecured. NOTE 10. BORROWINGS (continued) December 31, 2015 Balance Effective Assets Pledged Restricted Cash Pledged (dollars in thousands) Warehouse line, maturing on various dates (1) $ 808,135 1.29 % $ 1,137,257 $ 24,942 Warehouse line, due June 2016 378,301 1.48 % 535,737 — Warehouse line, due November 2016 (2) 175,000 1.90 % — — Warehouse line, due November 2016 (2) 250,000 1.90 % — 2,501 Warehouse line, due July 2017 (3) 682,720 1.35 % 809,185 20,852 Warehouse line, due July 2017 (4) 2,247,443 1.41 % 3,412,321 48,589 Warehouse line, due September 2017 565,399 1.20 % 824,327 15,759 Warehouse line, due December 2017 (5) 944,877 1.56 % 1,345,051 32,038 Repurchase facility, due December 2016 (6) 850,904 2.07 % — 34,166 Line of credit with related party, due December 2016 (7) 1,000,000 2.61 % — — Line of credit with related party, due December 2016 (7) 500,000 2.65 % — — Line of credit with related party, due December 2018 (7) 800,000 2.84 % — — Total SC revolving credit facilities $ 9,202,779 1.81 % $ 8,063,878 $ 178,847 (1) As of June 30, 2016 , half of the outstanding balance on this facility matures in March 2017 and half matures in March 2018. (2) These lines are collateralized by residuals retained by SC. (3) This line is held exclusively for financing Chrysler Capital loans. (4) This line is held exclusively for financing Chrysler Capital leases. (5) In December 2015, the commitment on this warehouse line was amended to extend the commitment termination date to December 2017. (6) This repurchase facility is collateralized by securitization notes payable retained by SC. No portion of this facility is unsecured. This facility has rolling 30 -day and 180 -day maturities. (7) These lines are also collateralized by securitization notes payable and residuals retained by SC. As of June 30, 2016 , $1.4 billion of the aggregate outstanding balances on these credit facilities was unsecured.

DERIVATIVES (Tables)

DERIVATIVES (Tables)	6 Months Ended
	Jun. 30, 2016
Derivative [Line Items]
Impact of Derivative Activities in the Condensed Consolidated Statement of Operations	The following Condensed Consolidated Statement of Operations line items were impacted by the Company’s derivative activities for the three-month and six-month periods ended June 30, 2016 and 2015 : Three-Month Period Six-Month Period Derivative Activity (1) Line Item 2016 2015 2016 2015 (in thousands) Fair value hedges: Cross-currency swaps Miscellaneous income $ — $ 185 $ 174 $ 149 Interest rate swaps Miscellaneous income 6,253 1,541 1,769 (1,452 ) Cash flow hedges: Pay fixed-receive variable interest rate swaps Net interest income (1,462 ) (3,731 ) (4,125 ) (8,182 ) Other derivative activities: Forward commitments to sell loans Mortgage banking income (4,625 ) 9,122 (8,537 ) 8,935 Interest rate lock commitments Mortgage banking income 2,986 (5,115 ) 7,438 (1,178 ) Mortgage servicing Mortgage banking income 8,757 (9,215 ) 23,827 (10,434 ) Customer related derivatives Miscellaneous income (6,481 ) 654 (4,971 ) 1,072 Foreign exchange Miscellaneous income (7 ) (990 ) 216 (1,864 ) SC non-hedging derivatives Miscellaneous income (698 ) 6,854 (6,197 ) 4,457 Net interest income 15,033 19,316 30,172 37,360 Other administrative expense (1,364 ) (2,078 ) (2,680 ) (14,033 ) Other Miscellaneous income 2,870 987 1,739 (458 ) (1) Gains are disclosed as positive numbers while losses are shown as a negative number regardless of the line item being affected.
Offsetting Assets	Information about financial assets and liabilities that are eligible for offset on the Condensed Consolidated Balance Sheet as of June 30, 2016 and December 31, 2015 , respectively, is presented in the following tables: Offsetting of Financial Assets Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet Gross Amounts of Recognized Assets Gross Amounts Offset in the Condensed Consolidated Balance Sheet Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheet Financial Instruments Cash Collateral Received Net Amount (in thousands) June 30, 2016 Fair value hedges $ 575 $ — $ 575 $ — $ — $ 575 Cash flow hedges 45 — 45 — — 45 Other derivative activities (1) 551,276 6,747 544,529 4,663 6,394 533,472 Total derivatives subject to a master netting arrangement or similar arrangement 551,896 6,747 545,149 4,663 6,394 534,092 Total derivatives not subject to a master netting arrangement or similar arrangement (2) 9,978 — 9,978 — — 9,978 Total Derivative Assets $ 561,874 $ 6,747 $ 555,127 $ 4,663 $ 6,394 $ 544,070 Total Financial Assets $ 561,874 $ 6,747 $ 555,127 $ 4,663 $ 6,394 $ 544,070 December 31, 2015 Fair value hedges $ 3,742 $ — $ 3,742 $ — $ — $ 3,742 Cash flow hedges 7,295 — 7,295 — — 7,295 Other derivative activities (1) 351,761 10,161 341,600 8,008 16,424 317,168 Total derivatives subject to a master netting arrangement or similar arrangement 362,798 10,161 352,637 8,008 16,424 328,205 Total derivatives not subject to a master netting arrangement or similar arrangement (2) 2,532 — 2,532 — — 2,532 Total Derivative Assets $ 365,330 $ 10,161 $ 355,169 $ 8,008 $ 16,424 $ 330,737 Total Financial Assets $ 365,330 $ 10,161 $ 355,169 $ 8,008 $ 16,424 $ 330,737 (1) Includes customer-related and other derivatives (2) Includes mortgage banking derivatives
Offsetting Liabilities	Offsetting of Financial Liabilities Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Condensed Consolidated Balance Sheet Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheet Financial Instruments Cash Collateral Pledged Net Amount (in thousands) June 30, 2016 Fair value hedges $ 575 $ — $ 575 $ — $ — $ 575 Cash flow hedges 94,499 — 94,499 — 82,473 12,026 Other derivative activities (1) 511,129 83,758 427,371 3,037 346,646 77,688 Total derivatives subject to a master netting arrangement or similar arrangement 606,203 83,758 522,445 3,037 429,119 90,289 Total derivatives not subject to a master netting arrangement or similar arrangement (2) 54,672 — 54,672 — — 54,672 Total Derivative Liabilities $ 660,875 $ 83,758 $ 577,117 $ 3,037 $ 429,119 $ 144,961 Total Financial Liabilities $ 660,875 $ 83,758 $ 577,117 $ 3,037 $ 429,119 $ 144,961 December 31, 2015 Fair value hedges $ 2,098 $ — $ 2,098 $ 87 $ 10,602 $ (8,591 ) Cash flow hedges 23,047 — 23,047 — 39,388 (16,341 ) Other derivative activities (1) 319,296 77,734 241,562 4,265 208,305 28,992 Total derivatives subject to a master netting arrangement or similar arrangement 344,441 77,734 266,707 4,352 258,295 4,060 Total derivatives not subject to a master netting arrangement or similar arrangement (2) 53,432 — 53,432 — — 53,432 Total Derivative Liabilities $ 397,873 $ 77,734 $ 320,139 $ 4,352 $ 258,295 $ 57,492 Total Financial Liabilities $ 397,873 $ 77,734 $ 320,139 $ 4,352 $ 258,295 $ 57,492 (1) Includes customer-related and other derivatives (2) Includes mortgage banking derivatives
Designated as hedging instrument
Derivative [Line Items]
Schedule of Derivative Instruments	Derivatives designated as accounting hedges at June 30, 2016 and December 31, 2015 included: Notional Amount Asset Liability Weighted Average Receive Rate Weighted Average Pay Rate Weighted Average Life (Years) (dollars in thousands) June 30, 2016 Fair value hedges: Interest rate swaps $ 42,000 $ 575 $ 575 2.06 % 2.06 % 2.98 Cash flow hedges: Pay fixed — receive floating interest rate swaps 9,430,103 45 94,499 0.51 % 1.06 % 2.79 Total $ 9,472,103 $ 620 $ 95,074 0.52 % 1.06 % 2.79 December 31, 2015 Fair Value hedges: Cross-currency swaps $ 16,390 $ 3,695 $ 92 4.76 % 4.75 % 0.11 Interest rate swaps 318,000 47 2,006 1.07 % 2.31 % 3.50 Cash flow hedges: Pay fixed — receive floating interest rate swaps 11,030,431 7,295 23,047 0.32 % 1.13 % 3.00 Total $ 11,364,821 $ 11,037 $ 25,145 0.35 % 1.17 % 3.01
Not designated as hedging instrument
Derivative [Line Items]
Schedule of Other Derivative Activities	Other derivative activities at June 30, 2016 and December 31, 2015 included: Notional Asset derivatives Fair value Liability derivatives Fair value June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 (in thousands) Mortgage banking derivatives: Forward commitments to sell loans $ 661,980 $ 396,518 $ — $ 542 $ 7,996 $ — Interest rate lock commitments 380,757 187,930 9,978 2,540 — — Mortgage servicing 435,000 435,000 24,734 679 3,729 3,502 Total mortgage banking risk management 1,477,737 1,019,448 34,712 3,761 11,725 3,502 Customer related derivatives: Swaps receive fixed 9,735,090 9,060,134 419,483 205,397 1 6,023 Swaps pay fixed 9,975,469 9,273,627 193 16,183 386,146 177,114 Other 2,859,230 3,035,085 49,083 53,418 48,235 52,502 Total customer related derivatives 22,569,789 21,368,846 468,759 274,998 434,382 235,639 Other derivative activities: Foreign exchange contracts 2,605,759 2,513,305 31,846 30,262 31,512 30,144 Interest rate swap agreements 1,582,000 2,399,000 — 1,176 7,225 2,481 Interest rate cap agreements 8,851,540 10,013,912 6,547 32,950 — — Options for interest rate cap agreements 8,851,540 10,013,912 — — 6,550 32,977 Total return settlement 1,404,726 1,404,726 — — 53,543 53,432 Other 1,006,199 899,394 19,390 11,146 20,864 14,553 Total $ 48,349,290 $ 49,632,543 $ 561,254 $ 354,293 $ 565,801 $ 372,728

ACCUMULATED OTHER COMPREHENSI37

ACCUMULATED OTHER COMPREHENSIVE INCOME / (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents the components of accumulated other comprehensive income/(loss), net of related tax, for the three-month and six-month periods ended June 30, 2016 , and 2015 , respectively. Total Other Comprehensive Income/(Loss) Total Accumulated Three-Month Period Ended June 30, 2016 March 31, 2016 June 30, 2016 Pretax Activity Tax Effect Net Activity Beginning Balance Net Activity Ending Balance (in thousands) Change in accumulated (losses)/gains on cash flow hedge derivative financial instruments $ (16,806 ) $ 627 $ (16,179 ) Reclassification adjustment for net gains/(losses) on cash flow hedge derivative financial instruments (1) 1,462 (55 ) 1,407 Net unrealized (losses)/gains on cash flow hedge derivative financial instruments (15,344 ) 572 (14,772 ) $ (49,109 ) $ (14,772 ) $ (63,881 ) Change in unrealized gains/(losses) on investment securities available-for-sale 84,909 (33,295 ) 51,614 Reclassification adjustment for net (gains)/losses included in net income/(expense) on non-OTTI securities (2) (31,339 ) 12,289 (19,050 ) Reclassification adjustment for net losses/(gains) included in net income/(expense) on OTTI securities (3) 34 (13 ) 21 Reclassification adjustment for net (gains)/losses included in net income (31,305 ) 12,276 (19,029 ) Net unrealized gains/(losses) on investment securities available-for-sale 53,604 (21,019 ) 32,585 48,898 32,585 81,483 Pension and post-retirement actuarial gain/(loss) (4) 929 (364 ) 565 (26,468 ) 565 (25,903 ) As of June 30, 2016 $ 39,189 $ (20,811 ) $ 18,378 $ (26,679 ) $ 18,378 $ (8,301 ) (1) Net gains reclassified into Interest on borrowings and other debt obligations in the Condensed Consolidated Statement of Operations for settlements of interest rate swap contracts designated as cash flow hedges in Note 11 to the Condensed Consolidated Financial Statements . (2) Net gains reclassified into Net gain on sale of investment securities in the Condensed Consolidated Statement of Operations for the sale of available-for-sale securities. (3) Unrealized losses previously recognized in accumulated other comprehensive income on securities for which OTTI was recognized during the period. See further discussion in Note 3 to the Condensed Consolidated Financial Statements . (4) Included in the computation of net periodic pension costs. NOTE 13. ACCUMULATED OTHER COMPREHENSIVE INCOME / (LOSS) (continued) Total Other Total Accumulated For the Six-Month Period Ended June 30, 2016 December 31, 2015 June 30, 2016 Pretax Tax Net Activity Beginning Net Ending (in thousands) Change in accumulated (losses)/gains on cash flow hedge derivative financial instruments $ (81,001 ) $ 31,164 $ (49,837 ) Reclassification adjustment for net gains/(losses) on cash flow hedge derivative financial instruments (1) 4,125 (1,587 ) 2,538 Net unrealized (losses)/gains on cash flow hedge derivative financial instruments (76,876 ) 29,577 (47,299 ) $ (16,582 ) $ (47,299 ) $ (63,881 ) Change in unrealized gains/(losses) on investment securities available-for-sale 350,084 (137,526 ) 212,558 Reclassification adjustment for net (gains)/losses included in net income/(expense) on non-OTTI securities (2) (57,770 ) 22,694 (35,076 ) Reclassification adjustment for net losses/(gains) included in net income/(expense) on OTTI securities (3) 44 (17 ) 27 Reclassification adjustment for net (gains)/losses included in net income (57,726 ) 22,677 (35,049 ) Net unrealized gains/(losses) on investment securities available-for-sale 292,358 (114,849 ) 177,509 (96,026 ) 177,509 81,483 Pension and post-retirement actuarial gains/(losses) (4) 1,858 (728 ) 1,130 (27,033 ) 1,130 (25,903 ) As of June 30, 2016 $ 217,340 $ (86,000 ) $ 131,340 $ (139,641 ) $ 131,340 $ (8,301 ) (1) Net gains reclassified into Interest on borrowings and other debt obligations in the Condensed Consolidated Statement of Operations for settlements of interest rate swap contracts designated as cash flow hedges in Note 11 to the Condensed Consolidated Financial Statements . (2) Net gains reclassified into Net gain on sale of investment securities in the Condensed Consolidated Statement of Operations for the sale of available-for-sale securities. (3) Unrealized losses previously recognized in accumulated other comprehensive income on securities for which OTTI was recognized during the period. See further discussion in Note 3 to the Condensed Consolidated Financial Statements . (4) Included in the computation of net periodic pension costs. NOTE 13. ACCUMULATED OTHER COMPREHENSIVE INCOME / (LOSS) (continued) Total Other Total Accumulated Three-Month Period Ended June 30, 2015 March 31, 2015 June 30, 2015 Pretax Tax Net Activity Beginning Net Ending (in thousands) Change in accumulated gains/(losses) on cash flow hedge derivative financial instruments $ 7,763 $ (2,891 ) $ 4,872 Reclassification adjustment for net gains/(losses) on cash flow hedge derivative financial instruments (1) 3,732 (1,390 ) 2,342 Net unrealized gains/(losses) on cash flow hedge derivative financial instruments 11,495 (4,281 ) 7,214 $ (29,375 ) $ 7,214 $ (22,161 ) Change in unrealized (losses)/gains on investment securities available-for-sale (133,445 ) 51,195 (82,250 ) Reclassification adjustment for net (gains)/losses included in net income/(expense) on non-OTTI securities (2) (10,799 ) 4,143 (6,656 ) Reclassification adjustment for net losses/(gains) included in net income/(expense) on OTTI securities (3) 1,092 (419 ) 673 Reclassification adjustment for net (gains)/losses included in net income (9,707 ) 3,724 (5,983 ) Net unrealized (losses)/gains on investment securities available-for-sale (143,152 ) 54,919 (88,233 ) 13,475 (88,233 ) (74,758 ) Pension and post-retirement actuarial gains/(losses) (3) 1,018 (581 ) 437 (29,020 ) 437 (28,583 ) As of June 30, 2015 $ (130,639 ) $ 50,057 $ (80,582 ) $ (44,920 ) $ (80,582 ) $ (125,502 ) (1) Net gains reclassified into Interest on borrowings and other debt obligations in the Condensed Consolidated Statement of Operations for settlements of interest rate swap contracts designated as cash flow hedges in Note 11 . (2) Net gains reclassified into Net gains on sale of investment securities sales in the Condensed Consolidated Statement of Operations for the sale of available-for-sale securities. (3) Included in the computation of net periodic pension costs. NOTE 13. ACCUMULATED OTHER COMPREHENSIVE INCOME / (LOSS) (continued) Total Other Total Accumulated For the Six-Month Period Ended Jun 30, 2015 December 31, 2014 June 30, 2015 Pretax Tax Net Activity Beginning Net Ending (in thousands) Change in accumulated (losses)/gains on cash flow hedge derivative financial instruments $ (21,246 ) $ 8,395 $ (12,851 ) Reclassification adjustment for net gains/(losses) on cash flow hedge derivative financial instruments (1) 8,183 (3,233 ) 4,950 Net unrealized (losses)/gains on cash flow hedge derivative financial instruments (13,063 ) 5,162 (7,901 ) $ (14,260 ) $ (7,901 ) $ (22,161 ) Change in unrealized (losses)/gains on investment securities available-for-sale (15,664 ) 5,689 (9,975 ) Reclassification adjustment for net(losses)/gains included in net income/(expense) on non-OTTI securities (2) (20,356 ) 7,393 (12,963 ) Reclassification adjustment for net losses/(gains) included in net income/(expense) on OTTI securities (3) 1,092 (397 ) 695 Reclassification adjustment for net (losses)/gains included in net income (19,264 ) 6,996 (12,268 ) Net unrealized (losses)/gains on investment securities available-for-sale (34,928 ) 12,685 (22,243 ) (52,515 ) (22,243 ) (74,758 ) Pension and post-retirement actuarial gains/(losses) (3) 2,036 (984 ) 1,052 (29,635 ) 1,052 (28,583 ) As of June 30, 2015 $ (45,955 ) $ 16,863 $ (29,092 ) $ (96,410 ) $ (29,092 ) $ (125,502 ) (1) Net losses reclassified into Interest on borrowings and other debt obligations in the Condensed Consolidated Statement of Operations for settlements of interest rate swap contracts designated as cash flow hedges. (2) Net gains reclassified into Net gain on sale of investment securities sales in the Condensed Consolidated Statement of Operations for the sale of available-for-sale securities. (3) Included in the computation of net periodic pension costs

COMMITMENTS, CONTINGENCIES AN38

COMMITMENTS, CONTINGENCIES AND GUARANTEES (Tables)	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments Amount	The following table details the amount of commitments at the dates indicated: Other Commitments June 30, 2016 December 31, 2015 (in thousands) Commitments to extend credit (1) $ 22,886,984 $ 31,379,039 Letters of credit 1,824,432 1,832,884 Recourse exposure on sold loans 71,682 70,394 Commitments to sell loans 104,475 56,982 Total commitments $ 24,887,573 $ 33,339,299 (1) Commitments to extend credit excludes commitments that can be canceled by the Company without notice.
Schedule of Commitments to Extend Credit, Expiration Periods	The following table details the amount of commitments to extend credit expiring per period as of the dates indicated: June 30, 2016 December 31, 2015 (in thousands) 1 year or less $ 4,557,649 $ 6,451,239 Over 1 year to 3 years 4,690,687 5,250,512 Over 3 years to 5 years 5,158,780 12,136,625 Over 5 years (1) 8,479,868 7,540,663 Total $ 22,886,984 $ 31,379,039 (1) Includes certain commitments to extend credit that do not have a contractual maturity date, but are expected to be outstanding greater than 5 years .
Schedule of Letters of Credit, Expiration Periods	The following table details the amount of letters of credit expiring per period as of the dates indicated: June 30, 2016 December 31, 2015 (in thousands) 1 year or less $ 1,349,822 $ 1,230,424 Over 1 year to 3 years 352,120 308,634 Over 3 years to 5 years 97,783 268,946 Over 5 years 24,707 24,880 Total $ 1,824,432 $ 1,832,884

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following tables present the assets and liabilities that are measured at fair value on a recurring basis by major product category and fair value hierarchy as of June 30, 2016 and December 31, 2015 . Quoted Prices in Active Significant Other Significant Balance at (in thousands) Financial assets: U.S. Treasury securities $ — $ 2,004,753 $ — $ 2,004,753 Asset-backed securities — 413,152 1,526,691 1,939,843 State and municipal securities — 33 — 33 Mortgage backed securities — 15,463,185 — 15,463,185 Total investment securities available-for-sale (1) — 17,881,123 1,526,691 19,407,814 Retail installment contracts held-for-investment — — 250,703 250,703 Loans held-for-sale (2) — 345,191 — 345,191 Mortgage servicing rights — — 117,792 117,792 Derivatives: Fair value — 575 — 575 Cash flow — 45 — 45 Mortgage banking interest rate lock commitments — — 9,978 9,978 Customer related — 468,759 — 468,759 Foreign exchange — 31,846 — 31,846 Mortgage servicing — 24,734 — 24,734 Interest rate cap agreements — 6,547 — 6,547 Other — 19,390 — 19,390 Total financial assets $ — $ 18,778,210 $ 1,905,164 $ 20,683,374 Financial liabilities: Derivatives: Fair value $ — $ 575 $ — $ 575 Cash flow — 94,499 — 94,499 Mortgage banking forward sell commitments — 7,996 — 7,996 Customer related — 434,382 — 434,382 Total return swap — — 639 639 Foreign exchange — 31,512 — 31,512 Mortgage servicing — 3,729 — 3,729 Interest rate swaps — 7,225 — 7,225 Option for interest rate cap — 6,550 — 6,550 Total return settlement — — 53,543 53,543 Other — 19,982 243 20,225 Total financial liabilities $ — $ 606,450 $ 54,425 $ 660,875 (1) Investment securities available-for-sale disclosed on the Condensed Consolidated Balance Sheet at June 30, 2016 includes $10.8 million of equity securities that are not presented within this table in accordance with the adoption of ASU 2015-07. Refer to Note 1 to the Condensed Consolidated Financial Statements for additional details related to this ASU implementation. (2) LHFS disclosed on the Condensed Consolidated Balance Sheet also includes LHFS that are held at the lower of cost or fair value and are not presented within this table. NOTE 16. FAIR VALUE (continued) Quoted Prices in Active Significant Other Significant Balance at (in thousands) Financial assets: U.S. Treasury securities $ — $ 3,188,388 $ — $ 3,188,388 Corporate debt — 1,475,574 — 1,475,574 Asset-backed securities — 409,270 1,360,240 1,769,510 State and municipal securities — 767,880 — 767,880 Mortgage backed securities — 13,639,656 — 13,639,656 Total investment securities available-for-sale (1) — 19,480,768 1,360,240 20,841,008 Retail installment contracts held-for-investment — — 328,655 328,655 Loans held-for-sale (2) — 236,760 — 236,760 Mortgage servicing rights — — 147,233 147,233 Derivatives: Fair value — 3,742 — 3,742 Cash flow — 7,295 — 7,295 Mortgage banking interest rate lock commitments — — 2,540 2,540 Mortgage banking forward sell commitments — 542 — 542 Customer related — 274,998 — 274,998 Foreign exchange — 30,262 — 30,262 Mortgage servicing — 679 — 679 Interest rate swap agreements — 1,176 — 1,176 Interest rate cap agreements — 32,950 — 32,950 Other — 11,136 10 11,146 Total financial assets $ — $ 20,080,308 $ 1,838,678 $ 21,918,986 Financial liabilities: Derivatives: Fair value $ — $ 2,098 $ — $ 2,098 Cash flow — 23,047 — 23,047 Customer related — 235,639 — 235,639 Total return swap — — 282 282 Foreign exchange — 30,144 — 30,144 Mortgage servicing — 3,502 — 3,502 Interest rate swaps — 2,481 — 2,481 Option for interest rate cap — 32,977 — 32,977 Total return settlement — — 53,432 53,432 Other — 14,149 122 14,271 Total financial liabilities $ — $ 344,037 $ 53,836 $ 397,873 (1) Investment securities available-for-sale disclosed on the Condensed Consolidated Balance Sheet at December 31, 2015 includes $10.5 million of equity securities that are not presented within this table in accordance with the adoption of ASU 2015-07. Refer to Note 1 to the Condensed Consolidated Financial Statements for additional details related to this ASU implementation. (2) LHFS disclosed on the Condensed Consolidated Balance Sheet also includes LHFS that are held at the lower of cost or fair value and are not presented within this table.
Fair Value Measurements, Nonrecurring	Assets measured at fair value on a nonrecurring basis that were still held on the balance sheet were as follows: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value (in thousands) June 30, 2016 Impaired loans held-for-investment $ — $ 306,073 $ 25,181 $ 331,254 Foreclosed assets — 24,765 — 24,765 Vehicle inventory — 232,348 — 232,348 Loans held for sale — — 1,019,142 1,019,142 December 31, 2015 Impaired loans held-for-investment $ — $ 122,792 $ 326 $ 123,118 Foreclosed assets — 27,574 — 27,574 Vehicle inventory — 204,120 — 204,120 Loans held for sale — — 2,040,813 2,040,813 Goodwill — — 1,019,960 1,019,960 Indefinite lived intangibles — — 18,000 18,000
Increases and Decreases in Value of Certain Assets Measured at Fair Value on Nonrecurring Basis	The following table presents the increases and decreases in value of certain assets that are measured at fair value on a nonrecurring basis for which a fair value adjustment has been included in the Condensed Consolidated Statements of Operations relating to assets held at period-end: Statement of Operations Three-Month Period Six-Month Period 2016 2015 2016 2015 (in thousands) Impaired loans held-for-investment Provision for credit losses $ (10,789 ) $ (1,731 ) $ (97,796 ) $ (2,261 ) Foreclosed assets Miscellaneous income (1) (249 ) (416 ) (2,062 ) (1,027 ) Loans held for sale Miscellaneous income (1) (94,767 ) — (158,980 ) — $ (105,805 ) $ (2,147 ) $ (258,838 ) $ (3,288 ) (1) These amounts reduce Miscellaneous income.
Rollforward for Recurring Assets and Liabilities	The tables below present the changes in all Level 3 balances for the three-month and six-month periods ended June 30, 2016 and 2015 , respectively. Three-Month Period Ended June 30, 2016 Investments Retail Installment Contracts Held for Investment MSRs Derivatives Total (in thousands) Balance, March 31, 2016 $ 1,640,423 $ 285,811 $ 130,742 $ (47,223 ) $ 2,009,753 Gains in other comprehensive income 624 — — — 624 Gains/(losses) in earnings — 26,606 (11,468 ) 1,064 16,202 Additions/Issuances 220,841 — 4,801 — 225,642 Settlements (1) (335,197 ) (61,714 ) (6,283 ) 1,712 (401,482 ) Balance, June 30, 2016 $ 1,526,691 $ 250,703 $ 117,792 $ (44,447 ) $ 1,850,739 Changes in unrealized gains/(losses) included in earnings related to balances still held at June 30, 2016 $ — $ 26,606 $ (11,468 ) $ (1,922 ) $ 13,216 Six-Month Period Ended June 30, 2016 Investments Retail Installment Contracts Held for Investment MSRs Derivatives Total (in thousands) Balance, December 31, 2015 $ 1,360,240 $ 328,655 $ 147,233 $ (51,286 ) $ 1,784,842 Gains in other comprehensive income 2,209 — — — 2,209 Gains/(losses) in earnings — 53,355 (25,824 ) 4,074 31,605 Additions/Issuances 499,527 — 8,392 — 507,919 Settlements (1) (335,285 ) (131,307 ) (12,009 ) 2,765 (475,836 ) Balance, June 30, 2016 $ 1,526,691 $ 250,703 $ 117,792 $ (44,447 ) $ 1,850,739 Changes in unrealized gains/(losses) included in earnings related to balances still held at June 30, 2016 $ — $ 53,355 $ (25,824 ) $ (3,364 ) $ 24,167 (1) Settlements include charge-offs, prepayments, pay downs and maturities. NOTE 16. FAIR VALUE (continued) Three-Month Period Ended June 30, 2015 Investments Retail Installment Contracts Held for Investment MSRs Derivatives Total (in thousands) Balance, March 31, 2015 $ 1,514,517 $ 676,097 $ 135,452 $ (52,951 ) $ 2,273,115 Losses in other comprehensive income (8,433 ) — — — (8,433 ) Gains/(losses) in earnings — 94,049 21,211 (7,341 ) 107,919 Additions/Issuances 344,622 — 7,803 — 352,425 Settlements (1) (311,223 ) (275,495 ) (7,319 ) 2,700 (591,337 ) Balance, June 30, 2015 $ 1,539,483 $ 494,651 $ 157,147 $ (57,592 ) $ 2,133,689 Changes in unrealized gains/(losses) included in earnings related to balances still held at June 30, 2015 $ — $ 94,049 $ 21,211 $ (2,227 ) $ 113,033 Six-Month Period Ended June 30, 2015 Investments Retail Installment Contracts Held for Investment MSRs Derivatives Total (in thousands) Balance, December 31, 2014 $ 1,267,643 $ 845,911 $ 145,047 $ (46,178 ) $ 2,212,423 Losses in other comprehensive income (3,654 ) — — — (3,654 ) Gains/(losses) in earnings — 180,541 14,221 (15,470 ) 179,292 Additions/Issuances 598,595 — 11,329 — 609,924 Settlements (1) (323,101 ) (531,801 ) (13,450 ) 4,056 (864,296 ) Balance, June 30, 2015 $ 1,539,483 $ 494,651 $ 157,147 $ (57,592 ) $ 2,133,689 Changes in unrealized gains/(losses) included in earnings related to balances still held at June 30, 2015 $ — $ 180,541 $ 14,221 $ (14,292 ) $ 180,470 (1) Settlements include charge-offs, prepayments, pay downs and maturities.
Quantitative Information on Level 3 Recurring Assets and Liabilities	The following table presents quantitative information about the significant unobservable inputs within significant Level 3 recurring assets and liabilities. Fair Value at June 30, 2016 Valuation Technique Unobservable Inputs Range (in thousands) Financial Assets: Asset-backed securities Financing bonds $ 1,476,049 Discounted Cash Flow Discount Rate (1) 0.84% - 1.56% (1.04%) Sale-leaseback securities $ 50,642 Consensus Pricing (2) Offered quotes (3) 128.96 % Retail installment contracts held-for-investment $ 250,703 Discounted Cash Flow Prepayment rate (CPR) (4) 9.50 % Discount Rate (5) 9.50% - 14.50% (10.29%) Recovery Rate (6) 25.00% - 43.00% (28.69%) Mortgage servicing rights $ 117,792 Discounted Cash Flow Prepayment rate (CPR) (7) 0.09% - 30.99% (12.97%) Discount Rate (8) 9.90 % Mortgage banking interest rate lock commitments $ 9,978 Discounted Cash Flow Pull through percentage (9) 77.20 % MSR value (10) 0.74% - 1.06% (1.04%) Financial Liabilities: Total return settlement $ 53,543 Discounted Cash Flow Discount Rate (4) 8.12 % (1) Based on the applicable term and discount index. (2) Consensus pricing refers to fair value estimates that are generally developed using information such as dealer quotes or other third-party valuations or comparable asset prices. (3) Based on the nature of the input, a range or weighted average does not exist. For sale-leaseback securities, the Company owns one security. (4) Based on the analysis of available data from a comparable market securitization of similar assets. (5) Based on the cost of funding of debt issuance and recent historical equity yields. (6) Based on the average severity utilizing reported severity rates and loss severity utilizing available market data from a comparable securitized pool. (7) Average CPR projected from collateral stratified by loan type, note rate and maturity. (8) Based on the nature of the input, a range or weighted average does not exist. (9) Historical weighted average based on principal balance calculated as the percentage of loans originated for sale divided by total commitments less outstanding commitments. (10) MSR value is the estimated value of the servicing right embedded in the underlying loan, expressed in basis points of outstanding unpaid principal balance.
Schedule of Fair Value 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 are as follows: June 30, 2016 Carrying Value Fair Value Level 1 Level 2 Level 3 (in thousands) Financial assets: Cash and amounts due from depository institutions $ 2,977,783 $ 2,977,783 $ 2,977,783 $ — $ — Available-for-sale investment securities (1) 19,407,814 19,407,814 — 17,881,123 1,526,691 Loans held-for-investment, net 76,895,508 77,647,383 — 306,073 77,341,310 Loans held-for-sale 3,257,158 3,295,684 — 345,191 2,950,493 Restricted cash 3,038,136 3,038,136 3,038,136 — — Mortgage servicing rights 117,792 117,792 — — 117,792 Derivatives 561,874 561,874 — 551,896 9,978 Financial liabilities: Deposits 56,497,699 56,526,089 48,202,010 8,324,079 — Borrowings and other debt obligations 46,781,939 47,170,983 — 38,115,867 9,055,116 Derivatives 660,875 660,875 — 606,450 54,425 December 31, 2015 Carrying Value Fair Value Level 1 Level 2 Level 3 (in thousands) Financial assets: Cash and amounts due from depository institutions $ 4,992,042 $ 4,992,042 $ 4,992,042 $ — $ — Available-for-sale investment securities (1) 20,841,008 20,841,008 — 19,480,768 1,360,240 Loans held-for-investment, net 76,213,081 76,290,862 — 122,792 76,168,070 Loans held-for-sale 3,183,282 3,195,513 — 236,760 2,958,753 Restricted cash 2,429,729 2,429,729 2,429,729 — — Mortgage servicing rights 147,233 147,233 — — 147,233 Derivatives 365,330 365,330 — 362,780 2,550 Financial liabilities: Deposits 56,114,232 56,121,954 47,601,229 8,520,725 — Borrowings and other debt obligations 49,086,103 49,320,778 — 40,117,999 9,202,779 Derivatives 397,873 397,873 — 344,037 53,836 (1) Investment securities available-for-sale disclosed on the Condensed Consolidated Balance Sheet at June 30, 2016 and December 31, 2015 includes $10.8 million and $10.5 million , respectively, of equity securities that are not presented within these tables in accordance with the adoption of ASU 2015-07. Refer to Note 1 to the Condensed Consolidated Financial Statements for additional details related to this ASU implementation.
Summary of Difference Between Fair Value and Principal Balance of LHFS	The following table summarizes the differences between the fair value and the principal balance of LHFS and RICs measured at fair value as of June 30, 2016 . Fair Value Aggregate Unpaid Principal Balance Difference (in thousands) June 30, 2016 Loans held-for-sale (1) $ 345,191 $ 334,972 $ 10,219 Nonaccrual loans — — — Retail installment contracts held-for-investment $ 250,703 $ 322,101 $ (71,398 ) Nonaccrual loans 21,230 33,194 (11,964 ) (1) LHFS disclosed on the Condensed Consolidated Balance Sheet also includes LHFS that are held at the lower of cost or fair value that are not presented within this table.

BUSINESS SEGMENT INFORMATION (T

BUSINESS SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following tables present certain information regarding the Company’s segments. For the Three-Month Period Ended SHUSA Reportable Segments June 30, 2016 Consumer and Business Banking Commercial Banking Commercial Real Estate Global Corporate Banking Other (2) SC (3) SC Purchase Price Adjustments (4) Eliminations (4) Total (in thousands) Net interest income $ 268,942 $ 88,687 $ 72,210 $ 61,051 $ (91,636 ) $ 1,129,637 $ 52,082 $ 4,470 $ 1,585,443 Total non-interest income 169,525 13,424 3,124 15,967 39,646 372,224 15,487 (13,836 ) 615,561 Provision/(release) for credit losses 19,836 (8,803 ) 8,280 (16,420 ) (3,145 ) 511,921 85,640 — 597,309 Total expenses 414,992 44,847 13,325 20,466 168,471 552,377 13,898 (12,389 ) 1,215,987 Income/(loss) before income taxes 3,639 66,067 53,729 72,972 (217,316 ) 437,563 (31,969 ) 3,023 387,708 Intersegment revenue/(expenses) (1) 815 818 782 (2,610 ) 195 — — — — Total assets 21,074,565 12,364,498 15,440,551 11,968,432 28,240,037 37,382,811 — — 126,470,894 (1) Intersegment revenue/(expense) represents charges or credits for funds used or provided by each of the segments and is included in net interest income. (2) Other is not considered a segment and includes earnings from non-strategic assets, the investment portfolio, interest expense on the Bank’s and the Parent Company's borrowings and other debt obligations, amortization of intangible assets and certain unallocated corporate income and indirect expenses. (3) Management of SHUSA manages SC by analyzing the pre-Change in Control results of SC as disclosed in this column. (4) Purchase Price Adjustments represents the impact that SC purchase marks had on the results of SC included within the consolidated operations of SHUSA, while eliminations eliminate intercompany transactions. NOTE 17. BUSINESS SEGMENT INFORMATION (continued) For the Six-Month Period Ended SHUSA Reportable Segments June 30, 2016 Consumer and Business Banking Commercial Banking Commercial Real Estate Global Corporate Banking Other (2) SC (3) SC Purchase Price Adjustments (4) Eliminations (4) Total (in thousands) Net interest income/(loss) $ 487,330 $ 165,872 $ 136,967 $ 121,369 $ (113,041 ) $ 2,293,215 $ 103,852 $ 5,931 $ 3,201,495 Total non-interest income 356,791 26,026 5,186 33,234 62,413 725,415 29,269 (25,072 ) 1,213,262 Provision for credit losses 20,332 52,859 20,960 31,376 (5,833 ) 1,172,091 187,803 — 1,479,588 Total expenses 823,457 89,443 32,924 55,418 312,432 1,080,034 28,629 (25,325 ) 2,397,012 Income/(loss) before income taxes 332 49,596 88,269 67,809 (357,227 ) 766,505 (83,311 ) 6,184 538,157 Intersegment revenue/(expense) (1) 1,363 1,808 1,282 (4,719 ) 266 — — — — Total assets 21,074,565 12,364,498 15,440,551 11,968,432 28,240,037 37,382,811 — — 126,470,894 (1) Intersegment revenue/(expense) represents charges or credits for funds used or provided by each of the segments and is included in net interest income. (2) Other is not considered a segment and includes earnings from non-strategic assets, the investment portfolio, interest expense on the Bank’s and the Parent Company's borrowings and other debt obligations, amortization of intangible assets and certain unallocated corporate income and indirect expenses. (3) Management of SHUSA manages SC by analyzing the pre-Change in Control results of SC as disclosed in this column. (4) Purchase Price Adjustments represents the impact that SC purchase marks had on the results of SC included within the consolidated operations of SHUSA, while eliminations eliminate intercompany transactions. For the Three- Month Period Ended SHUSA Reportable Segments June 30, 2015 Consumer and Business Banking Commercial Banking Commercial Real Estate Global Corporate Banking Other (2) SC (3) SC Purchase Price Adjustments (4) Eliminations (4) Total (in thousands) Net interest income $ 208,229 $ 68,150 $ 69,503 $ 54,083 $ (13,311 ) $ 1,183,603 $ 156,464 $ 58 $ 1,726,779 Total non-interest income 199,373 11,615 8,331 25,420 20,832 427,117 23,985 (12,590 ) 704,083 Provision/(release) for credit losses 25,987 6,085 1,958 3,007 (37 ) 579,380 348,871 — 965,251 Total expenses 442,674 46,380 19,292 27,926 66,432 458,173 14,662 (13,198 ) 1,062,341 (Loss)/income before income taxes (61,059 ) 27,300 56,584 48,570 (58,874 ) 573,167 (183,084 ) 666 403,270 Intersegment revenue/(expense) (1) 290 782 740 (1,320 ) (492 ) — — — — Total assets 22,265,218 15,501,105 14,145,098 12,337,891 26,519,627 35,521,099 — — 126,290,038 (1) Intersegment revenue/(expense) represents charges or credits for funds used or provided by each of the segments and is included in net interest income. (2) Other is not considered a segment and includes earnings from non-strategic assets, the investment portfolio, interest expense on the Bank’s and the Parent Company's borrowings and other debt obligations, amortization of intangible assets and certain unallocated corporate income and indirect expenses. (3) Management of SHUSA manages SC by analyzing the pre-Change in Control results of SC as disclosed in this column. (4) Purchase Price Adjustments represents the impact that SC purchase marks had on the results of SC included within the consolidated operations of SHUSA, while eliminations eliminate intercompany transactions. NOTE 17. BUSINESS SEGMENT INFORMATION (continued) For the Six-Month Period Ended SHUSA Reportable Segments June 30, 2015 Consumer and Business Banking Commercial Banking Commercial Real Estate Global Corporate Banking Other (2) SC (3) SC Purchase Price Adjustments (4) Eliminations (4) Total (in thousands) Net interest income $ 412,944 $ 132,388 $ 134,823 $ 103,175 $ 2,403 $ 2,293,561 $ 270,397 $ 145 $ 3,349,836 Total non-interest income 355,641 23,273 16,166 41,390 44,544 754,596 83,289 (28,313 ) 1,290,586 Provision for/(release of) credit losses 26,685 7,699 12,796 5,759 31,061 1,211,227 723,663 — 2,018,890 Total expenses 863,665 90,973 36,965 52,900 109,984 898,495 28,403 (26,873 ) 2,054,512 (Loss)/income before income taxes (121,765 ) 56,989 101,228 85,906 (94,098 ) 938,435 (398,380 ) (1,295 ) 567,020 Intersegment revenue/(expense) (1) 653 1,758 1,099 (3,645 ) 135 — — — — Total assets 22,265,218 15,501,105 14,145,098 12,337,891 26,519,627 35,521,099 — — 126,290,038 (1) Intersegment revenue/(expense) represents charges or credits for funds used or provided by each of the segments and is included in net interest income. (2) Other is not considered a segment and includes earnings from non-strategic assets, the investment portfolio, interest expense on the Bank’s and the Parent Company's borrowings and other debt obligations, amortization of intangible assets and certain unallocated corporate income and indirect expenses. (3) Management of SHUSA manages SC by analyzing the pre-Change in Control results of SC as disclosed in this column. (4) Purchase Price Adjustments represent the impact that SC purchase marks had on the results of SC included within the consolidated operations of SHUSA, while eliminations eliminate intercompany transactions.

INVESTMENT SECURITIES (Availabl

INVESTMENT SECURITIES (Available-for-sale Securities) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 19,280,209		$ 19,280,209		$ 21,006,066
Gross Unrealized Gains	189,075		189,075		63,973
Gross Unrealized Loss	(50,671)		(50,671)		(218,544)
Fair Value	19,418,613		19,418,613		20,851,495
Proceeds from sales of available-for-sale investment securities	3,319,454	$ 1,244,093	6,755,298	$ 2,254,608
Accrued investment income receivable	40,200		40,200		65,100
U.S. Treasury securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,004,639		2,004,639		3,192,411
Gross Unrealized Gains	114		114		1,658
Gross Unrealized Loss	0		0		(5,681)
Fair Value	2,004,753		2,004,753		3,188,388
Corporate debt securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost					1,476,801
Gross Unrealized Gains					10,021
Gross Unrealized Loss					(11,248)
Fair Value					1,475,574
Asset-backed securities (ABS)
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,931,093		1,931,093		1,763,178
Gross Unrealized Gains	10,380		10,380		7,826
Gross Unrealized Loss	(1,630)		(1,630)		(1,494)
Fair Value	1,939,843		1,939,843		1,769,510
Equity securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	11,030		11,030		10,894
Gross Unrealized Gains	7		7		1
Gross Unrealized Loss	(238)		(238)		(408)
Fair Value	10,799		10,799		10,487
State and municipal securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	33		33		748,696
Gross Unrealized Gains	0		0		19,616
Gross Unrealized Loss	0		0		(432)
Fair Value	33		33		767,880
U.S. government agencies - Residential
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	6,073,061		6,073,061		4,033,041
Gross Unrealized Gains	67,550		67,550		10,225
Gross Unrealized Loss	(9,880)		(9,880)		(36,513)
Fair Value	6,130,731		6,130,731		4,006,753
U.S. government agencies - Commercial
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	995,610		995,610		1,006,161
Gross Unrealized Gains	20,841		20,841		3,347
Gross Unrealized Loss	(1,295)		(1,295)		(7,153)
Fair Value	1,015,156		1,015,156		1,002,355
FHLMC and FNMA - Residential debt securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	8,240,765		8,240,765		8,636,745
Gross Unrealized Gains	89,550		89,550		10,556
Gross Unrealized Loss	(37,620)		(37,620)		(153,128)
Fair Value	8,292,695		8,292,695		8,494,173
FHLMC and FNMA - Commercial debt securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	23,948		23,948		138,094
Gross Unrealized Gains	633		633		723
Gross Unrealized Loss	(8)		(8)		(2,487)
Fair Value	24,573		24,573		136,330
Non-agency securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	30		30		45
Gross Unrealized Gains	0		0		0
Gross Unrealized Loss	0		0		0
Fair Value	$ 30		$ 30		$ 45
FHLMC | FHLMC and FNMA - Residential debt securities
Schedule of Available-for-sale Securities [Line Items]
MBS issued by FHLMC		243,900		$ 243,900
FHLMC | Residential mortgages
Schedule of Available-for-sale Securities [Line Items]
Proceeds from sales of available-for-sale investment securities		234,500
FHLMC | Mortgage banking income
Schedule of Available-for-sale Securities [Line Items]
Gain on sale of MBS		$ 9,800

INVESTMENT SECURITIES (Securiti

INVESTMENT SECURITIES (Securities Pledged as Collateral) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral, fair value	$ 7,100	$ 3,500
Public fund deposits
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral, fair value	5,100	2,900
Repurchase agreements, hedging activities and recourse on loan sales
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral, fair value	1,600	117.6
Overnight customer deposits
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral, fair value	$ 384.7	$ 395.8

INVESTMENT SECURITIES (Contract

INVESTMENT SECURITIES (Contractual Maturity of Debt Securities) (Details) $ in Thousands	Jun. 30, 2016USD ($)
Amortized Cost
Due within one year	$ 2,580,420
Due after 1 year but within 5 years	1,172,853
Due after 5 years but within 10 years	246,986
Due After 10 Years/No Maturity	15,268,920
Total	19,269,179
Fair Value
Due within one year	2,581,612
Due after 1 year but within 5 years	1,181,727
Due after 5 years but within 10 years	249,266
Due After 10 Years/No Maturity	15,395,209
Total	$ 19,407,814

INVESTMENT SECURITIES (Gross Un

INVESTMENT SECURITIES (Gross Unrealized Loss and Fair Value of Securities Available for Sale) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value
Less than 12 months	$ 1,473,360	$ 10,139,369
12 months or longer	2,849,625	3,420,300
Total	4,322,985	13,559,669
Unrealized Losses
Less than 12 months	(7,733)	(67,205)
12 months or longer	(42,938)	(151,339)
Total	(50,671)	(218,544)
U.S. Treasury securities
Fair Value
Less than 12 months		2,243,343
12 months or longer		0
Total		2,243,343
Unrealized Losses
Less than 12 months		(5,681)
12 months or longer		0
Total	0	(5,681)
Corporate debt securities
Fair Value
Less than 12 months		775,366
12 months or longer		152,486
Total		927,852
Unrealized Losses
Less than 12 months		(5,269)
12 months or longer		(5,979)
Total		(11,248)
Asset-backed securities
Fair Value
Less than 12 months	346,390	300,869
12 months or longer	60,299	35,126
Total	406,689	335,995
Unrealized Losses
Less than 12 months	(766)	(1,083)
12 months or longer	(864)	(411)
Total	(1,630)	(1,494)
Equity securities
Fair Value
Less than 12 months	0	596
12 months or longer	10,112	9,748
Total	10,112	10,344
Unrealized Losses
Less than 12 months	0	(7)
12 months or longer	(238)	(401)
Total	(238)	(408)
State and municipal securities
Fair Value
Less than 12 months		15,665
12 months or longer		26,024
Total		41,689
Unrealized Losses
Less than 12 months		(119)
12 months or longer		(313)
Total	0	(432)
U.S. government agencies - Residential
Fair Value
Less than 12 months	954,360	1,670,150
12 months or longer	589,955	954,916
Total	1,544,315	2,625,066
Unrealized Losses
Less than 12 months	(6,538)	(11,164)
12 months or longer	(3,342)	(25,349)
Total	(9,880)	(36,513)
U.S. government agencies - Commercial
Fair Value
Less than 12 months	0	367,706
12 months or longer	112,214	114,038
Total	112,214	481,744
Unrealized Losses
Less than 12 months	0	(3,382)
12 months or longer	(1,295)	(3,771)
Total	(1,295)	(7,153)
FHLMC and FNMA - Residential debt securities
Fair Value
Less than 12 months	172,139	4,650,327
12 months or longer	2,077,045	2,127,962
Total	2,249,184	6,778,289
Unrealized Losses
Less than 12 months	(421)	(38,013)
12 months or longer	(37,199)	(115,115)
Total	(37,620)	(153,128)
FHLMC and FNMA - Commercial debt securities
Fair Value
Less than 12 months	471	115,347
12 months or longer	0	0
Total	471	115,347
Unrealized Losses
Less than 12 months	(8)	(2,487)
12 months or longer	0	0
Total	$ (8)	$ (2,487)

INVESTMENT SECURITIES (Other-Th

INVESTMENT SECURITIES (Other-Than-Temporary Impairment) (Details) $ in Millions	3 Months Ended
	Jun. 30, 2015USD ($)security	Jun. 30, 2016security
Investments, Debt and Equity Securities [Abstract]
Number of securities in an unrealized loss position, not yet sold | security	9
Book value of securities in an unrealized loss position, not yet sold | $	$ 377
OTTI charge | $	$ 1.1
Number of securities in unrealized loss position | security		162

INVESTMENT SECURITIES (Gains (L

INVESTMENT SECURITIES (Gains (Losses) and Proceeds on Sale of Securities) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Available-for-sale Securities, Gross Realized Gain (Loss), Disclosures [Abstract]
Proceeds from the sales of available-for-sale securities	$ 3,319,454	$ 1,244,093	$ 6,755,298	$ 2,254,608
Gross realized gains	33,622	12,277	60,328	23,059
Gross realized losses	(2,283)	(1,478)	(2,558)	(2,703)
OTTI	(34)	(1,092)	(44)	(1,092)
Net realized gains	31,305	9,707	57,726	19,264
Realized investment gain (loss)	31,300	9,700	57,700	19,300
Corporate debt securities
Available-for-sale Securities, Gross Realized Gain (Loss), Disclosures [Abstract]
Realized investment gain (loss)	5,900	6,700	5,900	6,700
Investment securities sold during the period	1,400,000	453,900	1,400,000	453,900
Mortgage backed securities
Available-for-sale Securities, Gross Realized Gain (Loss), Disclosures [Abstract]
Realized investment gain (loss)	24,700		24,700
Investment securities sold during the period	$ 1,300,000		1,300,000
U.S. Treasury securities
Available-for-sale Securities, Gross Realized Gain (Loss), Disclosures [Abstract]
Realized investment gain (loss)			7,000
Investment securities sold during the period			3,200,000
State and municipal securities
Available-for-sale Securities, Gross Realized Gain (Loss), Disclosures [Abstract]
Realized investment gain (loss)		2,900	19,900	12,100
Investment securities sold during the period		116,100	$ 748,000	421,500
Asset-backed securities
Available-for-sale Securities, Gross Realized Gain (Loss), Disclosures [Abstract]
OTTI		(1,100)		(1,100)
Realized investment gain (loss)		1,200		1,200
Investment securities sold during the period		$ 264,300		$ 264,300

INVESTMENT SECURITIES (Other In

INVESTMENT SECURITIES (Other Investments) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Stock of FHLB of Pittsburgh and the Federal Reserve Bank	$ 801.8	$ 801.8	$ 997.9
FHLB Stock, par value (in usd per share)	$ 100	$ 100
Purchases of FHLB stock	$ 19.4	$ 94.4
FHLB stock redeemed	170.3	290.4
Low income housing tax credit investment	$ 34.5	$ 34.5	$ 26.4

LOANS AND ALLOWANCE FOR CREDI48

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Narrative) (Details) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2016USD ($)business_line	Dec. 31, 2015USD ($)	Feb. 01, 2016USD ($)
Loans Receivable [Line Items]
Threshold period past due for nonaccrual status		60 days
Percentage of payments made to classify as current		50.00%
Threshold period past due for account to be contractually delinquent		120 days
Loans pledged as collateral		$ 54,300,000	$ 59,300,000
Loans held-for-sale	[1]	3,257,158	3,183,282
Accrued interest receivable	[2]	552,021	586,263
Troubled debt restructurings		$ 5,135,965	4,399,546
TDR, threshold period of sustained repayment performance		6 months
TDRs, number of days past due after modification considered to have subsequently defaulted		90 days
TDR, threshold period loan needed to remain current prior to modification to remain on accrual status		6 months
Performing
Loans Receivable [Line Items]
Interest income		$ 338,800	439,600
Troubled debt restructurings		4,429,024	3,797,231
Loans receivable
Loans Receivable [Line Items]
Accrued interest receivable		$ 511,800	521,100
Retail Installment Contracts
Loans Receivable [Line Items]
Threshold period past due for nonaccrual status		60 days
Personal unsecured loans | Consumer
Loans Receivable [Line Items]
Loans held-for-sale		$ 970,700	$ 2,000,000
Retail installment contracts
Loans Receivable [Line Items]
TDRs, number of days past due after modification considered to have subsequently defaulted		120 days
Commercial real estate loans | Commercial
Loans Receivable [Line Items]
Number of business lines | business_line		3
SC | Personal unsecured loans | Consumer
Loans Receivable [Line Items]
Loans receivable held-for-sale				$ 869,300
FCA
Loans Receivable [Line Items]
Percentage of payments made to classify as current		90.00%
[1]	Recorded at the fair value option ("FVO") or lower of cost or fair value.
[2]	The Company has interests in certain securitization trusts ("Trusts") that are considered variable interest entities ("VIEs") for accounting purposes. The Company consolidates VIEs where it is deemed the primary beneficiary. See Note 6 to these Condensed Consolidated Financial Statements for additional information.

LOANS AND ALLOWANCE FOR CREDI49

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Loan and Lease Portfolio Composition) (Details) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Loans Receivable [Line Items]
Total loans held for investment	[1],[2]	$ 80,570,776	$ 79,373,792
Loans held for investment with fixed rate of interest		47,126,419	46,721,562
Loans held for investment with variable rate of interest		$ 33,444,357	$ 32,652,230
Loans held for investment, percent of total loans		100.00%	100.00%
Loans held for investment with fixed rate of interest, percent of total loans		58.50%	58.90%
Loans held for investment with variable rate of interest, percent of total loans		41.50%	41.10%
Increase (decrease) in loan balances		$ 467,300	$ 26,300
Commercial
Loans Receivable [Line Items]
Total loans held for investment		$ 41,100,316	$ 40,625,720
Loans held for investment, percent of total loans		51.00%	51.20%
Commercial | Commercial real estate loans
Loans Receivable [Line Items]
Total loans held for investment		$ 9,252,743	$ 8,722,917
Loans held for investment, percent of total loans		11.50%	11.00%
Commercial | Commercial and industrial loans
Loans Receivable [Line Items]
Total loans held for investment		$ 19,615,226	$ 19,787,834
Loans held for investment, percent of total loans		24.30%	24.90%
Commercial | Multifamily loans
Loans Receivable [Line Items]
Total loans held for investment		$ 9,225,985	$ 9,438,463
Loans held for investment, percent of total loans		11.50%	11.90%
Commercial | Other commercial
Loans Receivable [Line Items]
Total loans held for investment		$ 3,006,362	$ 2,676,506
Loans held for investment, percent of total loans		3.70%	3.40%
Consumer
Loans Receivable [Line Items]
Total loans held for investment		$ 39,470,460	$ 38,748,072
Loans held for investment, percent of total loans		49.00%	48.80%
Consumer loans secured by real estate
Loans Receivable [Line Items]
Total loans held for investment		$ 12,305,770	$ 12,382,227
Loans held for investment, percent of total loans		15.30%	15.50%
Consumer loans secured by real estate | Residential mortgages
Loans Receivable [Line Items]
Total loans held for investment		$ 6,227,307	$ 6,230,995
Loans held for investment, percent of total loans		7.70%	7.80%
Consumer loans secured by real estate | Home equity loans and lines of credit
Loans Receivable [Line Items]
Total loans held for investment		$ 6,078,463	$ 6,151,232
Loans held for investment, percent of total loans		7.60%	7.70%
Consumer loans not secured by real estate | Retail installment contracts and auto loans - originated
Loans Receivable [Line Items]
Total loans held for investment		$ 20,903,940	$ 18,539,588
Loans held for investment, percent of total loans		25.90%	23.40%
Consumer loans not secured by real estate | Retail installment contracts and auto loans - purchased
Loans Receivable [Line Items]
Total loans held for investment		$ 4,629,815	$ 6,108,210
Loans held for investment, percent of total loans		5.80%	7.70%
Consumer loans not secured by real estate | Personal unsecured loans
Loans Receivable [Line Items]
Total loans held for investment		$ 722,215	$ 685,467
Loans held for investment, percent of total loans		0.90%	0.90%
Consumer loans not secured by real estate | Other consumer
Loans Receivable [Line Items]
Total loans held for investment		$ 908,720	$ 1,032,580
Loans held for investment, percent of total loans		1.10%	1.30%
[1]	Loans held-for-investment ("LHFI") includes $250.7 million and $328.7 million of loans recorded at fair value at June 30, 2016 and December 31, 2015, respectively.
[2]	The Company has interests in certain securitization trusts ("Trusts") that are considered variable interest entities ("VIEs") for accounting purposes. The Company consolidates VIEs where it is deemed the primary beneficiary. See Note 6 to these Condensed Consolidated Financial Statements for additional information.

LOANS AND ALLOWANCE FOR CREDI50

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Portfolio Segments and Classes) (Details) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Loans Receivable [Line Items]
Loans held-for-investment	[1],[2]	$ 80,570,776	$ 79,373,792
Commercial
Loans Receivable [Line Items]
Loans held-for-investment		41,100,316	40,625,720
Commercial | Corporate banking
Loans Receivable [Line Items]
Loans held-for-investment		2,885,532	2,949,089
Commercial | Middle market commercial real estate
Loans Receivable [Line Items]
Loans held-for-investment		4,872,407	4,223,359
Commercial | Santander real estate capital
Loans Receivable [Line Items]
Loans held-for-investment		1,494,804	1,550,469
Commercial | Commercial real estate loans
Loans Receivable [Line Items]
Loans held-for-investment		9,252,743	8,722,917
Commercial | Commercial and industrial loans
Loans Receivable [Line Items]
Loans held-for-investment		19,615,226	19,787,834
Loans held-for-sale		464,300	86,400
Commercial | Multifamily loans
Loans Receivable [Line Items]
Loans held-for-investment		9,225,985	9,438,463
Commercial | Other commercial
Loans Receivable [Line Items]
Loans held-for-investment		3,006,362	2,676,506
Consumer
Loans Receivable [Line Items]
Loans held-for-investment		39,470,460	38,748,072
Consumer | Residential mortgages
Loans Receivable [Line Items]
Loans held-for-sale		345,200	236,800
Consumer | Retail installment contracts and auto loans
Loans Receivable [Line Items]
Loans held-for-investment		17,250	17,844
Loans held-for-sale		1,500,000	905,700
Consumer | Personal unsecured loans
Loans Receivable [Line Items]
Loans held-for-sale		970,700	2,000,000
Consumer loans secured by real estate
Loans Receivable [Line Items]
Loans held-for-investment		12,305,770	12,382,227
Consumer loans secured by real estate | Residential mortgages
Loans Receivable [Line Items]
Loans held-for-investment		6,227,307	6,230,995
Consumer loans secured by real estate | Home equity loans and lines of credit
Loans Receivable [Line Items]
Loans held-for-investment		6,078,463	6,151,232
Consumer loans not secured by real estate | Retail installment contracts and auto loans - originated
Loans Receivable [Line Items]
Loans held-for-investment		20,903,940	18,539,588
Consumer loans not secured by real estate | Retail installment contracts and auto loans - purchased
Loans Receivable [Line Items]
Loans held-for-investment		4,629,815	6,108,210
Consumer loans not secured by real estate | Personal unsecured loans
Loans Receivable [Line Items]
Loans held-for-investment		722,215	685,467
Consumer loans not secured by real estate | Other consumer
Loans Receivable [Line Items]
Loans held-for-investment		$ 908,720	$ 1,032,580
[1]	Loans held-for-investment ("LHFI") includes $250.7 million and $328.7 million of loans recorded at fair value at June 30, 2016 and December 31, 2015, respectively.
[2]	The Company has interests in certain securitization trusts ("Trusts") that are considered variable interest entities ("VIEs") for accounting purposes. The Company consolidates VIEs where it is deemed the primary beneficiary. See Note 6 to these Condensed Consolidated Financial Statements for additional information.

LOANS AND ALLOWANCE FOR CREDI51

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Retail Installment Contracts and Auto Loans) (Details) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Loans Receivable [Line Items]
Total loans held for investment	[1],[2]	$ 80,570,776	$ 79,373,792
Consumer
Loans Receivable [Line Items]
Total loans held for investment		39,470,460	38,748,072
Consumer | Retail installment contracts and auto loans - originated
Loans Receivable [Line Items]
Total loans held for investment		25,533,755	24,647,798
Consumer | Retail installment contracts, purchased
Loans Receivable [Line Items]
UPB		5,063,379	6,709,748
UPB - FVO		72,082	140,995
Total UPB		5,135,461	6,850,743
Purchase Marks		(505,646)	(742,533)
Total loans held for investment		4,629,815	6,108,210
Purchase Marks, FVO		16,500	33,100
Consumer | Retail installment contracts, originated
Loans Receivable [Line Items]
Total UPB		21,439,684	19,069,801
Total loans held for investment		20,886,690	18,521,744
Net Discounts		(552,994)	(548,057)
Consumer | Auto loan
Loans Receivable [Line Items]
Total loans held for investment		17,250	17,844
Consumer | Retail installment contracts, originated, post-change in control
Loans Receivable [Line Items]
Total loans held for investment		$ 20,903,940	$ 18,539,588
[1]	Loans held-for-investment ("LHFI") includes $250.7 million and $328.7 million of loans recorded at fair value at June 30, 2016 and December 31, 2015, respectively.
[2]	The Company has interests in certain securitization trusts ("Trusts") that are considered variable interest entities ("VIEs") for accounting purposes. The Company consolidates VIEs where it is deemed the primary beneficiary. See Note 6 to these Condensed Consolidated Financial Statements for additional information.

LOANS AND ALLOWANCE FOR CREDI52

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Rollforward of Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2016	Jun. 30, 2015
Allowance for Loan Losses [Roll Forward]
Allowance for loan and lease losses, beginning of period	$ 3,480,603	$ 2,281,287	$ 1,701,602	$ 3,160,711	$ 1,701,602
Provision for loan and lease losses	613,943	955,251		1,471,611	2,013,890
Other					(27,117)
Charge-offs	(1,052,192)	(911,148)		(2,221,922)	(1,873,462)
Recoveries	632,914	509,263		1,264,868	1,019,740
Charge-offs, net of recoveries	(419,278)	(401,885)		(957,054)	(853,722)
Allowance for loan and lease losses, end of period	3,675,268	2,834,653	2,281,287	3,675,268	2,834,653
Reserve for unfunded lending commitments, beginning of period	172,008	127,641	132,641	147,396	132,641
Provision for unfunded lending commitments	(16,634)	10,000		7,977	5,000
Loss on unfunded lending commitments	(166)	0		(165)	0
Reserve for unfunded lending commitments, end of period	155,208	137,641	127,641	155,208	137,641
Total allowance for credit losses, end of period	3,830,476	2,972,294		3,830,476	2,972,294
Ending balance, individually evaluated for impairment	1,355,832	654,739		1,355,832	654,739
Ending balance, collectively evaluated for impairment	2,319,436	2,179,914		2,319,436	2,179,914
Financing receivables:
Ending balance	83,827,934	81,275,278		83,827,934	81,275,278
Ending balance, evaluated under the fair value option or lower of cost or fair value(2)	3,507,861	2,380,741		3,507,861	2,380,741
Ending balance, individually evaluated for impairment	5,443,573	4,187,666		5,443,573	4,187,666
Ending balance, collectively evaluated for impairment	74,876,500	74,706,871		74,876,500	74,706,871
Sale of TDRs and NPLs classified as held-for-sale			1,000,000
Commercial
Allowance for Loan Losses [Roll Forward]
Allowance for loan and lease losses, beginning of period	531,850	413,014	401,553	435,717	401,553
Provision for loan and lease losses	(20,841)	13,353		90,193	38,153
Other					0
Charge-offs	(32,533)	(31,846)		(72,849)	(51,184)
Recoveries	21,223	8,174		46,638	14,173
Charge-offs, net of recoveries	(11,310)	(23,672)		(26,211)	(37,011)
Allowance for loan and lease losses, end of period	499,699	402,695	413,014	499,699	402,695
Reserve for unfunded lending commitments, beginning of period	172,008	127,641	132,641	147,396	132,641
Provision for unfunded lending commitments	(16,634)	10,000		7,977	5,000
Loss on unfunded lending commitments	(166)	0		(165)	0
Reserve for unfunded lending commitments, end of period	155,208	137,641	127,641	155,208	137,641
Total allowance for credit losses, end of period	654,907	540,336		654,907	540,336
Ending balance, individually evaluated for impairment	129,084	60,139		129,084	60,139
Ending balance, collectively evaluated for impairment	370,615	342,556		370,615	342,556
Financing receivables:
Ending balance	41,564,581	39,001,911		41,564,581	39,001,911
Ending balance, evaluated under the fair value option or lower of cost or fair value(2)	464,265	1,012		464,265	1,012
Ending balance, individually evaluated for impairment	628,642	407,208		628,642	407,208
Ending balance, collectively evaluated for impairment	40,471,674	38,593,691		40,471,674	38,593,691
Consumer
Allowance for Loan Losses [Roll Forward]
Allowance for loan and lease losses, beginning of period	2,903,425	1,796,974	1,267,025	2,679,666	1,267,025
Provision for loan and lease losses	634,784	941,605		1,381,418	1,937,169
Other					(27,117)
Charge-offs	(1,019,659)	(879,302)		(2,149,073)	(1,822,278)
Recoveries	611,691	501,089		1,218,230	1,005,567
Charge-offs, net of recoveries	(407,968)	(378,213)		(930,843)	(816,711)
Allowance for loan and lease losses, end of period	3,130,241	2,360,366	1,796,974	3,130,241	2,360,366
Reserve for unfunded lending commitments, beginning of period	0	0	0	0	0
Provision for unfunded lending commitments	0	0		0	0
Loss on unfunded lending commitments	0	0		0	0
Reserve for unfunded lending commitments, end of period	0	0	0	0	0
Total allowance for credit losses, end of period	3,130,241	2,360,366		3,130,241	2,360,366
Ending balance, individually evaluated for impairment	1,226,748	594,600		1,226,748	594,600
Ending balance, collectively evaluated for impairment	1,903,493	1,765,766		1,903,493	1,765,766
Financing receivables:
Ending balance	42,263,353	42,273,367		42,263,353	42,273,367
Ending balance, evaluated under the fair value option or lower of cost or fair value(2)	3,043,596	2,379,729		3,043,596	2,379,729
Ending balance, individually evaluated for impairment	4,814,931	3,780,458		4,814,931	3,780,458
Ending balance, collectively evaluated for impairment	34,404,826	36,113,180		34,404,826	36,113,180
Unallocated
Allowance for Loan Losses [Roll Forward]
Allowance for loan and lease losses, beginning of period	45,328	71,299	33,024	45,328	33,024
Provision for loan and lease losses	0	293		0	38,568
Other					0
Charge-offs	0	0		0	0
Recoveries	0	0		0	0
Charge-offs, net of recoveries	0	0		0	0
Allowance for loan and lease losses, end of period	45,328	71,592	71,299	45,328	71,592
Reserve for unfunded lending commitments, beginning of period	0	0	0	0	0
Provision for unfunded lending commitments	0	0		0	0
Loss on unfunded lending commitments	0	0		0	0
Reserve for unfunded lending commitments, end of period	0	0	0	0	0
Total allowance for credit losses, end of period	45,328	71,592		45,328	71,592
Ending balance, individually evaluated for impairment	0	0		0	0
Ending balance, collectively evaluated for impairment	45,328	71,592		45,328	71,592
Financing receivables:
Ending balance	0	0		0	0
Ending balance, evaluated under the fair value option or lower of cost or fair value(2)	0	0		0	0
Ending balance, individually evaluated for impairment	0	0		0	0
Ending balance, collectively evaluated for impairment	0	0		0	0
Retail installment contracts and auto loans - purchased | Consumer
Allowance for Loan Losses [Roll Forward]
Allowance for loan and lease losses, beginning of period	589,107	319,231	963	590,807	963
Provision for loan and lease losses	47,617	330,724		121,252	829,629
Other	0	0		0	(27,117)
Charge-offs	(194,169)	(399,788)		(458,961)	(887,412)
Recoveries	173,068	292,542		362,525	626,646
Charge-offs, net of recoveries	(21,101)	(107,246)		(96,436)	(260,766)
Allowance for loan and lease losses, end of period	615,623	542,709	319,231	615,623	542,709
Retail installment contracts and auto loans - originated | Consumer
Allowance for Loan Losses [Roll Forward]
Allowance for loan and lease losses, beginning of period	2,137,270	920,153	709,024	1,891,989	709,024
Provision for loan and lease losses	572,145	454,219		1,246,565	834,357
Other	0	0		0	0
Charge-offs	(789,788)	(337,204)		(1,614,868)	(656,206)
Recoveries	422,813	181,966		818,754	331,959
Charge-offs, net of recoveries	(366,975)	(155,238)		(796,114)	(324,247)
Allowance for loan and lease losses, end of period	2,342,440	1,219,134	920,153	2,342,440	1,219,134
Retail installment contracts and auto loans - originated | Consumer
Allowance for Loan Losses [Roll Forward]
Allowance for loan and lease losses, beginning of period	2,726,377	1,239,384	709,987	2,482,796	709,987
Provision for loan and lease losses	619,762	784,943		1,367,817	1,663,986
Other	0	0		0	(27,117)
Charge-offs	(983,957)	(736,992)		(2,073,829)	(1,543,618)
Recoveries	595,881	474,508		1,181,279	958,605
Charge-offs, net of recoveries	(388,076)	(262,484)		(892,550)	(585,013)
Allowance for loan and lease losses, end of period	$ 2,958,063	$ 1,761,843	$ 1,239,384	$ 2,958,063	$ 1,761,843

LOANS AND ALLOWANCE FOR CREDI53

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Non-accrual Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual loans	$ 1,783,830	$ 1,655,099
Foreclosed and other repossessed assets	186,202	172,749
Nonperforming
Financing Receivable, Recorded Investment, Past Due [Line Items]
Other real estate owned (OREO)	37,432	38,959
Repossessed vehicles	183,713	172,375
Foreclosed and other repossessed assets	2,489	374
Total OREO and other repossessed assets	223,634	211,708
Total non-performing assets	2,007,464	1,866,807
Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual loans	412,313	211,067
Commercial | Corporate banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual loans	68,537	71,979
Commercial | Middle market commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual loans	74,799	37,745
Commercial | Santander real estate capital
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual loans	3,210	3,454
Commercial | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual loans	248,688	85,745
Commercial | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual loans	6,845	9,162
Commercial | Other commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual loans	10,234	2,982
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual loans	1,371,517	1,444,032
Consumer | Residential mortgages
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual loans	155,738	173,780
Consumer | Home equity loans and lines of credit
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual loans	119,135	127,171
Consumer | Retail installment contracts and auto loans - originated
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual loans	766,982	701,785
Consumer | Retail installment contracts and auto loans - purchased
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual loans	315,414	417,276
Consumer | Personal unsecured loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual loans	207	895
Consumer | Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual loans	$ 14,041	$ 23,125

LOANS AND ALLOWANCE FOR CREDI54

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Age Analysis of Past Due Loans) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Percentage of payment needed on past due loans for qualification	90.00%
Total Past Due	$ 4,434,247	$ 4,500,244
Current	79,393,687	78,056,830
Total Financing Receivables	83,827,934	82,557,074
Recorded Investment Greater than 90 Days and Accruing	85,765	79,729
30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,720,711	3,737,568
Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 713,536	762,676
Retail installment contracts and auto loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Percentage of payment needed on past due loans for qualification	50.00%
Commercial | Corporate banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 41,179	48,085
Current	2,844,353	2,901,004
Total Financing Receivables	2,885,532	2,949,089
Recorded Investment Greater than 90 Days and Accruing	0	0
Commercial | Corporate banking | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	10,463	18,085
Commercial | Corporate banking | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	30,716	30,000
Commercial | Middle market commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	44,126	21,638
Current	4,828,281	4,201,721
Total Financing Receivables	4,872,407	4,223,359
Recorded Investment Greater than 90 Days and Accruing	0	0
Commercial | Middle market commercial real estate | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	575
Commercial | Middle market commercial real estate | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	44,126	21,063
Commercial | Santander real estate capital
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	233	654
Current	1,494,571	1,549,815
Total Financing Receivables	1,494,804	1,550,469
Recorded Investment Greater than 90 Days and Accruing	0	0
Commercial | Santander real estate capital | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	233	0
Commercial | Santander real estate capital | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	654
Commercial | Commercial and industrial loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	71,571	75,099
Current	20,007,920	19,799,134
Total Financing Receivables	20,079,491	19,874,233
Recorded Investment Greater than 90 Days and Accruing	0	0
Commercial | Commercial and industrial loans | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	35,017	31,067
Commercial | Commercial and industrial loans | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	36,554	44,032
Commercial | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	7,580	7,488
Current	9,218,405	9,430,975
Total Financing Receivables	9,225,985	9,438,463
Recorded Investment Greater than 90 Days and Accruing	0	0
Commercial | Multifamily | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,335	2,951
Commercial | Multifamily | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,245	4,537
Commercial | Other commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	7,305	6,047
Current	2,999,057	2,670,459
Total Financing Receivables	3,006,362	2,676,506
Recorded Investment Greater than 90 Days and Accruing	0	0
Commercial | Other commercial | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,562	3,968
Commercial | Other commercial | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,743	2,079
Consumer | Residential mortgages
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	256,772	282,833
Current	6,315,726	6,184,922
Total Financing Receivables	6,572,498	6,467,755
Recorded Investment Greater than 90 Days and Accruing	0	0
Consumer | Residential mortgages | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	129,065	140,323
Consumer | Residential mortgages | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	127,707	142,510
Consumer | Home equity loans and lines of credit
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	105,717	107,881
Current	5,972,746	6,043,351
Total Financing Receivables	6,078,463	6,151,232
Recorded Investment Greater than 90 Days and Accruing	0	0
Consumer | Home equity loans and lines of credit | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	32,307	28,166
Consumer | Home equity loans and lines of credit | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	73,410	79,715
Consumer | Retail installment contracts and auto loans - originated
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,634,249	2,362,049
Current	19,746,681	17,083,248
Total Financing Receivables	22,380,930	19,445,297
Recorded Investment Greater than 90 Days and Accruing	0	0
Consumer | Retail installment contracts and auto loans - originated | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,424,416	2,149,480
Consumer | Retail installment contracts and auto loans - originated | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	209,833	212,569
Consumer | Retail installment contracts and auto loans - purchased
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,043,664	1,351,803
Current	3,586,151	4,756,407
Total Financing Receivables	4,629,815	6,108,210
Recorded Investment Greater than 90 Days and Accruing	0	0
Consumer | Retail installment contracts and auto loans - purchased | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	969,026	1,242,545
Consumer | Retail installment contracts and auto loans - purchased | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	74,638	109,258
Consumer | Personal unsecured loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	171,228	162,427
Current	1,521,699	2,477,454
Total Financing Receivables	1,692,927	2,639,881
Recorded Investment Greater than 90 Days and Accruing	85,765	79,729
Consumer | Personal unsecured loans | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	81,586	78,741
Consumer | Personal unsecured loans | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	89,642	83,686
Consumer | Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	50,623	74,240
Current	858,097	958,340
Total Financing Receivables	908,720	1,032,580
Recorded Investment Greater than 90 Days and Accruing	0	0
Consumer | Other consumer | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	27,701	41,667
Consumer | Other consumer | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 22,922	$ 32,573

LOANS AND ALLOWANCE FOR CREDI55

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Impaired Loans) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Loans and Leases Receivable Disclosure [Abstract]
Minimum amount for commercial non-accrual loans (in excess of)	$ 1,000,000
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, recorded investment	5,372,931,000	$ 4,531,285,000
Impaired financing receivable, unpaid principal balance	5,840,682,000	5,044,479,000
Impaired financing receivable, related specific reserves	1,355,832,000	944,091,000
Impaired financing receivables, average recorded investment	4,952,115,000	3,525,256,000
Commercial
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, recorded investment	559,414,000	327,627,000
Impaired financing receivable, unpaid principal balance	625,531,000	415,273,000
Impaired financing receivable, related specific reserves	129,084,000	48,511,000
Impaired financing receivables, average recorded investment	443,525,000	361,333,000
Commercial | Corporate banking
Financing Receivable, Impaired [Line Items]
Impaired financing receivable with no related allowance recorded, recorded investment	36,629,000	40,843,000
Impaired financing receivable with related allowance recorded, recorded investment	34,575,000	31,376,000
Impaired financing receivable with no related allowance recorded, unpaid principal balance	36,860,000	43,582,000
Impaired financing receivable with related allowance recorded, unpaid principal balance	36,327,000	32,650,000
Impaired financing receivable, related specific reserves	9,103,000	6,413,000
Impaired financing receivable with no related allowance recorded, average recorded investment	38,736,000	39,289,000
Impaired financing receivable with related allowance recorded, average recorded investment	32,976,000	45,663,000
Commercial | Middle market commercial real estate
Financing Receivable, Impaired [Line Items]
Impaired financing receivable with no related allowance recorded, recorded investment	61,467,000	78,325,000
Impaired financing receivable with related allowance recorded, recorded investment	73,941,000	38,046,000
Impaired financing receivable with no related allowance recorded, unpaid principal balance	106,415,000	123,495,000
Impaired financing receivable with related allowance recorded, unpaid principal balance	84,730,000	43,745,000
Impaired financing receivable, related specific reserves	12,954,000	5,624,000
Impaired financing receivable with no related allowance recorded, average recorded investment	69,896,000	103,059,000
Impaired financing receivable with related allowance recorded, average recorded investment	55,994,000	49,072,000
Commercial | Santander real estate capital
Financing Receivable, Impaired [Line Items]
Impaired financing receivable with no related allowance recorded, recorded investment	2,709,000	2,815,000
Impaired financing receivable with related allowance recorded, recorded investment	8,711,000	654,000
Impaired financing receivable with no related allowance recorded, unpaid principal balance	2,709,000	2,815,000
Impaired financing receivable with related allowance recorded, unpaid principal balance	8,711,000	782,000
Impaired financing receivable, related specific reserves	950,000	98,000
Impaired financing receivable with no related allowance recorded, average recorded investment	2,762,000	2,899,000
Impaired financing receivable with related allowance recorded, average recorded investment	4,683,000	2,266,000
Commercial | Commercial and industrial loans
Financing Receivable, Impaired [Line Items]
Impaired financing receivable with no related allowance recorded, recorded investment	40,442,000	3,635,000
Impaired financing receivable with related allowance recorded, recorded investment	278,813,000	113,358,000
Impaired financing receivable with no related allowance recorded, unpaid principal balance	41,755,000	5,046,000
Impaired financing receivable with related allowance recorded, unpaid principal balance	285,073,000	142,308,000
Impaired financing receivable, related specific reserves	104,864,000	35,184,000
Impaired financing receivable with no related allowance recorded, average recorded investment	22,039,000	5,780,000
Impaired financing receivable with related allowance recorded, average recorded investment	196,086,000	88,771,000
Commercial | Multifamily loans
Financing Receivable, Impaired [Line Items]
Impaired financing receivable with no related allowance recorded, recorded investment	12,698,000	9,467,000
Impaired financing receivable with related allowance recorded, recorded investment	966,000	5,653,000
Impaired financing receivable with no related allowance recorded, unpaid principal balance	13,474,000	10,488,000
Impaired financing receivable with related allowance recorded, unpaid principal balance	971,000	5,658,000
Impaired financing receivable, related specific reserves	653,000	443,000
Impaired financing receivable with no related allowance recorded, average recorded investment	11,083,000	15,980,000
Impaired financing receivable with related allowance recorded, average recorded investment	3,310,000	5,816,000
Commercial | Other commercial
Financing Receivable, Impaired [Line Items]
Impaired financing receivable with no related allowance recorded, recorded investment	908,000	239,000
Impaired financing receivable with related allowance recorded, recorded investment	7,555,000	3,216,000
Impaired financing receivable with no related allowance recorded, unpaid principal balance	908,000	239,000
Impaired financing receivable with related allowance recorded, unpaid principal balance	7,598,000	4,465,000
Impaired financing receivable, related specific reserves	560,000	749,000
Impaired financing receivable with no related allowance recorded, average recorded investment	574,000	164,000
Impaired financing receivable with related allowance recorded, average recorded investment	5,386,000	2,574,000
Consumer
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, recorded investment	4,813,517,000	4,203,658,000
Impaired financing receivable, unpaid principal balance	5,215,151,000	4,629,206,000
Impaired financing receivable, related specific reserves	1,226,748,000	895,580,000
Impaired financing receivables, average recorded investment	4,508,590,000	3,163,923,000
Consumer | Residential mortgages
Financing Receivable, Impaired [Line Items]
Impaired financing receivable with no related allowance recorded, recorded investment	66,915,000	26,808,000
Impaired financing receivable with related allowance recorded, recorded investment	131,971,000	172,265,000
Impaired financing receivable with no related allowance recorded, unpaid principal balance	66,915,000	26,808,000
Impaired financing receivable with related allowance recorded, unpaid principal balance	157,281,000	200,176,000
Impaired financing receivable, related specific reserves	27,185,000	25,034,000
Impaired financing receivable with no related allowance recorded, average recorded investment	46,862,000	25,108,000
Impaired financing receivable with related allowance recorded, average recorded investment	152,118,000	151,539,000
Consumer | Home equity loans and lines of credit
Financing Receivable, Impaired [Line Items]
Impaired financing receivable with no related allowance recorded, recorded investment	52,357,000	31,080,000
Impaired financing receivable with related allowance recorded, recorded investment	51,110,000	71,847,000
Impaired financing receivable with no related allowance recorded, unpaid principal balance	52,357,000	31,080,000
Impaired financing receivable with related allowance recorded, unpaid principal balance	65,749,000	86,355,000
Impaired financing receivable, related specific reserves	4,797,000	3,757,000
Impaired financing receivable with no related allowance recorded, average recorded investment	41,719,000	29,155,000
Impaired financing receivable with related allowance recorded, average recorded investment	61,479,000	65,990,000
Consumer | Retail installment contracts and auto loans - originated
Financing Receivable, Impaired [Line Items]
Impaired financing receivable with no related allowance recorded, recorded investment	9,000	15,000
Impaired financing receivable with related allowance recorded, recorded investment	2,218,319,000	1,325,975,000
Impaired financing receivable with no related allowance recorded, unpaid principal balance	9,000	15,000
Impaired financing receivable with related allowance recorded, unpaid principal balance	2,269,720,000	1,359,585,000
Impaired financing receivable, related specific reserves	690,186,000	408,208,000
Impaired financing receivable with no related allowance recorded, average recorded investment	12,000	8,000
Impaired financing receivable with related allowance recorded, average recorded investment	1,772,147,000	691,244,000
Consumer | Retail installment contracts and auto loans - purchased
Financing Receivable, Impaired [Line Items]
Impaired financing receivable with no related allowance recorded, recorded investment	49,886,000	75,698,000
Impaired financing receivable with related allowance recorded, recorded investment	2,185,838,000	2,454,108,000
Impaired financing receivable with no related allowance recorded, unpaid principal balance	65,993,000	96,768,000
Impaired financing receivable with related allowance recorded, unpaid principal balance	2,470,349,000	2,773,536,000
Impaired financing receivable, related specific reserves	501,109,000	454,926,000
Impaired financing receivable with no related allowance recorded, average recorded investment	62,792,000	931,411,000
Impaired financing receivable with related allowance recorded, average recorded investment	2,319,973,000	1,227,054,000
Consumer | Personal unsecured loans
Financing Receivable, Impaired [Line Items]
Impaired financing receivable with no related allowance recorded, recorded investment	21,742,000	12,865,000
Impaired financing receivable with related allowance recorded, recorded investment	1,585,000	1,839,000
Impaired financing receivable with no related allowance recorded, unpaid principal balance	21,742,000	12,865,000
Impaired financing receivable with related allowance recorded, unpaid principal balance	1,897,000	2,226,000
Impaired financing receivable, related specific reserves	385,000	430,000
Impaired financing receivable with no related allowance recorded, average recorded investment	17,304,000	6,729,000
Impaired financing receivable with related allowance recorded, average recorded investment	1,712,000	9,158,000
Consumer | Other consumer
Financing Receivable, Impaired [Line Items]
Impaired financing receivable with no related allowance recorded, recorded investment	19,850,000	12,495,000
Impaired financing receivable with related allowance recorded, recorded investment	13,935,000	18,663,000
Impaired financing receivable with no related allowance recorded, unpaid principal balance	24,213,000	16,002,000
Impaired financing receivable with related allowance recorded, unpaid principal balance	18,926,000	23,790,000
Impaired financing receivable, related specific reserves	3,086,000	3,225,000
Impaired financing receivable with no related allowance recorded, average recorded investment	16,173,000	9,048,000
Impaired financing receivable with related allowance recorded, average recorded investment	$ 16,299,000	$ 17,479,000

LOANS AND ALLOWANCE FOR CREDI56

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Lending Asset Quality Indicators) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	$ 41,564,581	$ 40,712,119
Pass
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	39,462,987	38,673,364
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	950,532	1,043,286
Substandard
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	1,058,732	926,537
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	92,330	68,932
Commercial and industrial loans
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	20,079,491	19,874,233
Commercial and industrial loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	18,780,657	18,881,150
Commercial and industrial loans | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	581,885	492,128
Commercial and industrial loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	684,355	467,983
Commercial and industrial loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	32,594	32,972
Multifamily
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	9,225,985	9,438,463
Multifamily | Pass
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	9,066,369	9,114,466
Multifamily | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	102,972	249,165
Multifamily | Substandard
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	56,244	74,410
Multifamily | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	400	422
Remaining commercial
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	3,006,362	2,676,506
Remaining commercial | Pass
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	2,974,771	2,631,935
Remaining commercial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	11,904	28,686
Remaining commercial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	19,460	15,601
Remaining commercial | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	227	284
Commercial | Corporate banking
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	2,885,532	2,949,089
Commercial | Corporate banking | Pass
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	2,638,995	2,627,159
Commercial | Corporate banking | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	76,248	99,090
Commercial | Corporate banking | Substandard
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	160,420	208,785
Commercial | Corporate banking | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	9,869	14,055
Commercial | Middle market commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	4,872,407	4,223,359
Commercial | Middle market commercial real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	4,610,178	4,055,623
Commercial | Middle market commercial real estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	102,358	29,620
Commercial | Middle market commercial real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	110,631	117,571
Commercial | Middle market commercial real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	49,240	20,545
Commercial | Santander real estate capital
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	1,494,804	1,550,469
Commercial | Santander real estate capital | Pass
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	1,392,017	1,363,031
Commercial | Santander real estate capital | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	75,165	144,597
Commercial | Santander real estate capital | Substandard
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	27,622	42,187
Commercial | Santander real estate capital | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Commercial loans	$ 0	$ 654

LOANS AND ALLOWANCE FOR CREDI57

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Consumer Lending Asset Quality Indicators - Credit Score) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)trade_line	Dec. 31, 2015USD ($)
Loans Receivable [Line Items]
Financing receivable, origination volume	$ 83,827,934	$ 82,557,074
Personal unsecured loans | Consumer
Loans Receivable [Line Items]
Financing receivable, origination volume	1,692,927	2,639,881
Loans held-for-sale	970,700	2,000,000
Retail installment contracts and auto loans - originated | Consumer
Loans Receivable [Line Items]
Financing receivable	$ 27,010,745	$ 25,553,507
Percentage of total loans, Retail installment contracts and auto loans	100.00%	100.00%
Retail installment contracts and auto loans - originated | FICO score not applicable | Consumer
Loans Receivable [Line Items]
Financing receivable	$ 4,120,261	$ 4,913,606
Percentage of total loans, Retail installment contracts and auto loans	15.20%	19.20%
Retail installment contracts and auto loans - originated | FICO score less than 600 | Consumer
Loans Receivable [Line Items]
Financing receivable	$ 14,603,481	$ 13,374,065
Percentage of total loans, Retail installment contracts and auto loans	54.10%	52.30%
Retail installment contracts and auto loans - originated | FICO score of 600 to 639 | Consumer
Loans Receivable [Line Items]
Financing receivable	$ 4,696,868	$ 4,260,982
Percentage of total loans, Retail installment contracts and auto loans	17.40%	16.70%
Retail installment contracts and auto loans - originated | FICO score of 640 or greater | Consumer
Loans Receivable [Line Items]
Financing receivable	$ 3,590,135	$ 3,004,854
Percentage of total loans, Retail installment contracts and auto loans	13.30%	11.80%
Limited Bureau Attributes | Unfunded Loan Commitment | Consumer
Loans Receivable [Line Items]
Financing receivable, credit history	36 months
Financing receivable, number of trade lines on credit report (less than) | trade_line	4
Financing receivable, origination volume	$ 562,000
Allowance for credit losses, increase	$ 125,000
Allowance for credit losses, ratio to unpaid principal balance, increase	0.50%

LOANS AND ALLOWANCE FOR CREDI58

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Consumer Lending Asset Quality Indicators - FICO and CLTV Range) (Details) - Consumer - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Residential mortgages
Loans Receivable [Line Items]
Financing receivables	$ 6,572,498	$ 6,467,755
Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	6,078,463	6,151,232
LTV not applicable | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	574,665	462,640
LTV not applicable | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	263,905	286,419
LTV less than or equal to 70% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	4,047,911	3,842,373
LTV less than or equal to 70% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	3,366,229	3,241,188
LTV of 70.01% to 80% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	1,330,860	1,440,194
LTV of 70.01% to 90% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	1,992,187	2,088,030
LTV of 80.01% to 90% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	319,570	336,893
LTV of 90.01% to 100% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	183,780	227,494
LTV of 90.01% to 110% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	282,724	332,064
LTV of 100.01% to 110% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	48,475	64,578
LTV greater than 110% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	67,237	93,583
LTV greater than 110% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	173,418	203,531
FICO score not applicable | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	603,313	476,858
FICO score not applicable | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	190,166	193,074
FICO score not applicable | LTV not applicable | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	573,780	461,839
FICO score not applicable | LTV not applicable | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	186,139	192,379
FICO score not applicable | LTV less than or equal to 70% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	28,688	12,250
FICO score not applicable | LTV less than or equal to 70% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	2,217	390
FICO score not applicable | LTV of 70.01% to 80% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	845	2,769
FICO score not applicable | LTV of 70.01% to 90% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	1,810	305
FICO score not applicable | LTV of 80.01% to 90% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	0	0
FICO score not applicable | LTV of 90.01% to 100% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	0	0
FICO score not applicable | LTV of 90.01% to 110% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	0	0
FICO score not applicable | LTV of 100.01% to 110% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	0	0
FICO score not applicable | LTV greater than 110% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	0	0
FICO score not applicable | LTV greater than 110% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	0	0
FICO score less than 600 | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	336,710	362,824
FICO score less than 600 | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	269,914	290,439
FICO score less than 600 | LTV not applicable | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	119	128
FICO score less than 600 | LTV not applicable | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	10,831	11,110
FICO score less than 600 | LTV less than or equal to 70% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	224,445	226,185
FICO score less than 600 | LTV less than or equal to 70% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	154,748	155,306
FICO score less than 600 | LTV of 70.01% to 80% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	55,551	69,698
FICO score less than 600 | LTV of 70.01% to 90% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	67,073	79,389
FICO score less than 600 | LTV of 80.01% to 90% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	25,527	30,491
FICO score less than 600 | LTV of 90.01% to 100% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	15,296	18,279
FICO score less than 600 | LTV of 90.01% to 110% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	19,757	22,373
FICO score less than 600 | LTV of 100.01% to 110% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	7,614	8,441
FICO score less than 600 | LTV greater than 110% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	8,158	9,602
FICO score less than 600 | LTV greater than 110% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	17,505	22,261
FICO score of 600 to 639 | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	231,683	252,976
FICO score of 600 to 639 | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	255,467	265,987
FICO score of 600 to 639 | LTV not applicable | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	53	1
FICO score of 600 to 639 | LTV not applicable | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	8,426	8,871
FICO score of 600 to 639 | LTV less than or equal to 70% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	153,871	158,290
FICO score of 600 to 639 | LTV less than or equal to 70% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	143,840	140,277
FICO score of 600 to 639 | LTV of 70.01% to 80% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	38,696	43,002
FICO score of 600 to 639 | LTV of 70.01% to 90% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	75,934	83,548
FICO score of 600 to 639 | LTV of 80.01% to 90% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	21,344	23,281
FICO score of 600 to 639 | LTV of 90.01% to 100% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	8,341	15,585
FICO score of 600 to 639 | LTV of 90.01% to 110% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	16,056	20,766
FICO score of 600 to 639 | LTV of 100.01% to 110% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	4,271	5,238
FICO score of 600 to 639 | LTV greater than 110% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	5,107	7,579
FICO score of 600 to 639 | LTV greater than 110% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	11,211	12,525
FICO Score of 640 to 679 | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	439,896	419,770
FICO Score of 640 to 679 | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	497,602	500,728
FICO Score of 640 to 679 | LTV not applicable | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	64	230
FICO Score of 640 to 679 | LTV not applicable | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	10,988	12,534
FICO Score of 640 to 679 | LTV less than or equal to 70% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	268,152	252,727
FICO Score of 640 to 679 | LTV less than or equal to 70% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	270,010	254,481
FICO Score of 640 to 679 | LTV of 70.01% to 80% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	83,716	81,552
FICO Score of 640 to 679 | LTV of 70.01% to 90% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	163,122	174,223
FICO Score of 640 to 679 | LTV of 80.01% to 90% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	39,648	35,001
FICO Score of 640 to 679 | LTV of 90.01% to 100% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	33,110	29,125
FICO Score of 640 to 679 | LTV of 90.01% to 110% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	32,871	32,925
FICO Score of 640 to 679 | LTV of 100.01% to 110% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	7,054	9,101
FICO Score of 640 to 679 | LTV greater than 110% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	8,152	12,034
FICO Score of 640 to 679 | LTV greater than 110% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	20,611	26,565
FICO Score of 680 to 719 | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	761,864	792,060
FICO Score of 680 to 719 | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	846,702	851,662
FICO Score of 680 to 719 | LTV not applicable | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	79	19
FICO Score of 680 to 719 | LTV not applicable | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	11,301	14,273
FICO Score of 680 to 719 | LTV less than or equal to 70% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	487,517	462,180
FICO Score of 680 to 719 | LTV less than or equal to 70% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	456,666	431,818
FICO Score of 680 to 719 | LTV of 70.01% to 80% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	150,971	183,568
FICO Score of 680 to 719 | LTV of 70.01% to 90% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	300,494	317,260
FICO Score of 680 to 719 | LTV of 80.01% to 90% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	62,688	62,670
FICO Score of 680 to 719 | LTV of 90.01% to 100% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	39,056	51,659
FICO Score of 680 to 719 | LTV of 90.01% to 110% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	51,404	56,589
FICO Score of 680 to 719 | LTV of 100.01% to 110% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	6,924	9,194
FICO Score of 680 to 719 | LTV greater than 110% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	14,629	22,770
FICO Score of 680 to 719 | LTV greater than 110% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	26,837	31,722
FICO Score of 720 to 759 | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	1,184,154	1,183,942
FICO Score of 720 to 759 | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	1,154,015	1,156,986
FICO Score of 720 to 759 | LTV not applicable | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	106	339
FICO Score of 720 to 759 | LTV not applicable | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	10,028	12,673
FICO Score of 720 to 759 | LTV less than or equal to 70% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	727,348	681,473
FICO Score of 720 to 759 | LTV less than or equal to 70% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	649,337	614,748
FICO Score of 720 to 759 | LTV of 70.01% to 80% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	324,614	341,934
FICO Score of 720 to 759 | LTV of 70.01% to 90% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	406,400	425,744
FICO Score of 720 to 759 | LTV of 80.01% to 90% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	64,785	72,729
FICO Score of 720 to 759 | LTV of 90.01% to 100% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	43,882	55,461
FICO Score of 720 to 759 | LTV of 90.01% to 110% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	52,877	63,840
FICO Score of 720 to 759 | LTV of 100.01% to 110% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	9,229	11,024
FICO Score of 720 to 759 | LTV greater than 110% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	14,190	20,982
FICO Score of 720 to 759 | LTV greater than 110% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	35,373	39,981
FICO Score Equal to or Greater than 760 | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	3,014,878	2,979,325
FICO Score Equal to or Greater than 760 | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	2,864,597	2,892,356
FICO Score Equal to or Greater than 760 | LTV not applicable | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	464	84
FICO Score Equal to or Greater than 760 | LTV not applicable | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	26,192	34,579
FICO Score Equal to or Greater than 760 | LTV less than or equal to 70% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	2,157,890	2,049,268
FICO Score Equal to or Greater than 760 | LTV less than or equal to 70% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	1,689,411	1,644,168
FICO Score Equal to or Greater than 760 | LTV of 70.01% to 80% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	676,467	717,671
FICO Score Equal to or Greater than 760 | LTV of 70.01% to 90% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	977,354	1,007,561
FICO Score Equal to or Greater than 760 | LTV of 80.01% to 90% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	105,578	112,721
FICO Score Equal to or Greater than 760 | LTV of 90.01% to 100% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	44,095	57,385
FICO Score Equal to or Greater than 760 | LTV of 90.01% to 110% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	109,759	135,571
FICO Score Equal to or Greater than 760 | LTV of 100.01% to 110% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	13,383	21,580
FICO Score Equal to or Greater than 760 | LTV greater than 110% | Residential mortgages
Loans Receivable [Line Items]
Financing receivables	17,001	20,616
FICO Score Equal to or Greater than 760 | LTV greater than 110% | Home Equity Loans and Lines of Credit
Loans Receivable [Line Items]
Financing receivables	$ 61,881	$ 70,477

LOANS AND ALLOWANCE FOR CREDI59

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Troubled Debt Restructuring Activity) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)contract	Jun. 30, 2015USD ($)contract	Jun. 30, 2016USD ($)Contractcontract	Jun. 30, 2015USD ($)Contractcontract	Dec. 31, 2015USD ($)
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	$ 5,135,965		$ 5,135,965		$ 4,399,546
Number of Contracts | contract	49,721	75,439	109,192	155,580
Pre-TDR Recorded Investment	$ 965,979	$ 1,099,688	$ 1,754,928	$ 2,255,980
Post-TDR Recorded Investment	$ (979,853)	$ (1,100,879)	$ (1,757,113)	$ (2,251,865)
Number of Contracts | contract	11,265	13,340	26,061	24,435
Recorded Investment	$ 166,744	$ 187,503	$ 387,450	$ 333,161
Performing
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	4,429,024		4,429,024		3,797,231
Non-performing
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	$ 706,941		$ 706,941		$ 602,315
Commercial | Corporate banking
Financing Receivable, Modifications [Line Items]
Number of Contracts | contract	10	10	19	12
Pre-TDR Recorded Investment	$ 104,123	$ 10,225	$ 151,899	$ 11,673
Post-TDR Recorded Investment	$ (88,558)	$ (11,788)	$ (125,724)	$ (13,227)
Commercial | Middle market commercial real estate
Financing Receivable, Modifications [Line Items]
Number of Contracts | contract	1	0	4	1
Pre-TDR Recorded Investment	$ 372	$ 0	$ 10,826	$ 14,439
Post-TDR Recorded Investment	$ (30,317)	$ 0	$ (40,702)	$ (14,439)
Commercial | Santander real estate capital
Financing Receivable, Modifications [Line Items]
Number of Contracts	1	0	1
Pre-TDR Recorded Investment	$ 8,729	$ 0	$ 8,729
Post-TDR Recorded Investment	$ (8,711)	$ 0	$ (8,711)
Commercial | Commercial and industrial
Financing Receivable, Modifications [Line Items]
Number of Contracts	337	127	560	208
Pre-TDR Recorded Investment	$ 9,839	$ 4,251	$ 17,069	$ 15,124
Post-TDR Recorded Investment	$ (9,838)	$ (4,251)	$ (17,067)	$ (12,410)
Number of Contracts | contract	35	12	90	22
Recorded Investment	$ 1,068	$ 410	$ 3,068	$ 686
Consumer
Financing Receivable, Modifications [Line Items]
Number of Contracts | contract			66,264
Pre-TDR Recorded Investment			$ 1,224,951
Post-TDR Recorded Investment			$ (1,224,593)
Consumer | Residential mortgages
Financing Receivable, Modifications [Line Items]
Number of Contracts | contract	43	43	92	89
Pre-TDR Recorded Investment	$ 5,627	$ 6,305	$ 12,275	$ 14,171
Post-TDR Recorded Investment	$ (5,950)	$ (7,149)	$ (12,803)	$ (14,737)
Number of Contracts | contract	6	5	17	13
Recorded Investment	$ 780	$ 890	$ 2,592	$ 1,820
Consumer | Home equity loans and lines of credit
Financing Receivable, Modifications [Line Items]
Number of Contracts | contract	35	22	102	61
Pre-TDR Recorded Investment	$ 2,504	$ 1,023	$ 7,043	$ 4,694
Post-TDR Recorded Investment	$ (2,455)	$ (1,617)	$ (6,889)	$ (5,288)
Number of Contracts | contract	3	6	8	11
Recorded Investment	$ 155	$ 674	$ 496	$ 937
Consumer | Retail installment contracts and auto loans - originated
Financing Receivable, Modifications [Line Items]
Number of Contracts | contract	38,569	19,495		26,526
Pre-TDR Recorded Investment	$ 710,885	$ 371,937		$ 509,687
Post-TDR Recorded Investment	$ (710,671)	$ (371,830)		$ (509,509)
Consumer | Retail installment contracts and auto loans - purchased
Financing Receivable, Modifications [Line Items]
Number of Contracts | contract	10,501	51,049	24,845	119,507
Pre-TDR Recorded Investment	$ 122,739	$ 700,250	$ 298,707	$ 1,674,181
Post-TDR Recorded Investment	$ (122,214)	$ (698,541)	$ (297,524)	$ (1,670,284)
Consumer | Retail installment contracts and auto loans - originated
Financing Receivable, Modifications [Line Items]
Number of Contracts | contract	9,944	12,143	23,068	21,836
Recorded Investment	$ 163,142	$ 184,270	$ 377,844	$ 326,804
Consumer | Personal unsecured loans
Financing Receivable, Modifications [Line Items]
Number of Contracts | contract	220	4,691	17,275	9,159
Pre-TDR Recorded Investment	$ 994	$ 5,486	$ 22,339	$ 10,880
Post-TDR Recorded Investment	$ (973)	$ (5,459)	$ (22,189)	$ (10,815)
Number of Contracts | contract	1,277	1,174	2,876	2,551
Recorded Investment	$ 1,599	$ 1,259	$ 3,426	$ 2,670
Consumer | Other consumer
Financing Receivable, Modifications [Line Items]
Number of Contracts | contract	4	2	30	17
Pre-TDR Recorded Investment	$ 167	$ 211	$ 1,090	$ 1,131
Post-TDR Recorded Investment	$ (166)	$ (244)	$ (911)	$ (1,156)
Number of Contracts | contract	0	0	2	2
Recorded Investment	$ 0	$ 0	$ 24	$ 244
Term Extension
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	(725)	(2,404)	(1,292)	(4,233)
Term Extension | Commercial | Corporate banking
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	(16)	(993)	(32)	(993)
Term Extension | Commercial | Middle market commercial real estate
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	0	0	0	0
Term Extension | Commercial | Santander real estate capital
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	0	0	0
Term Extension | Commercial | Commercial and industrial
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	(1)	0	(2)	(34)
Term Extension | Consumer
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment			(247)
Term Extension | Consumer | Residential mortgages
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	0	0	(1)	0
Term Extension | Consumer | Home equity loans and lines of credit
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	0	0	132	0
Term Extension | Consumer | Retail installment contracts and auto loans - originated
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	(164)	(37)		(51)
Term Extension | Consumer | Retail installment contracts and auto loans - purchased
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	(544)	(1,374)	(1,142)	(3,155)
Term Extension | Consumer | Personal unsecured loans
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	0	0	0	0
Term Extension | Consumer | Other consumer
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	0	0	0	0
Principal Forbearance
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	(15,273)	(4)	(25,856)	(2,708)
Principal Forbearance | Commercial | Corporate banking
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	(15,273)	(4)	(25,856)	(4)
Principal Forbearance | Commercial | Middle market commercial real estate
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	0	0	0	0
Principal Forbearance | Commercial | Santander real estate capital
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	0	0	0
Principal Forbearance | Commercial | Commercial and industrial
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	0	0	0	(2,679)
Principal Forbearance | Consumer
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment			0
Principal Forbearance | Consumer | Residential mortgages
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	0	0	0	(25)
Principal Forbearance | Consumer | Home equity loans and lines of credit
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	0	0	0	0
Principal Forbearance | Consumer | Retail installment contracts and auto loans - originated
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	0	0		0
Principal Forbearance | Consumer | Retail installment contracts and auto loans - purchased
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	0	0	0	0
Principal Forbearance | Consumer | Personal unsecured loans
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	0	0	0	0
Principal Forbearance | Consumer | Other consumer
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	0	0	0	0
Other
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	29,872	3,599	29,333	2,826
Other | Commercial | Corporate banking
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	(276)	2,560	(287)	2,551
Other | Commercial | Middle market commercial real estate
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	29,945	0	29,876	0
Other | Commercial | Santander real estate capital
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	(18)	0	(18)
Other | Commercial | Commercial and industrial
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	0	0	0	(1)
Other | Consumer
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment			(111)
Other | Consumer | Residential mortgages
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	323	844	529	591
Other | Consumer | Home equity loans and lines of credit
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	(49)	594	(286)	594
Other | Consumer | Retail installment contracts and auto loans - originated
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	(50)	(70)		(127)
Other | Consumer | Retail installment contracts and auto loans - purchased
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	19	(335)	(41)	(742)
Other | Consumer | Personal unsecured loans
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	(21)	(27)	(150)	(65)
Other | Consumer | Other consumer
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	$ (1)	$ 33	$ (179)	$ 25

LEASED VEHICLES, NET (Narrative

LEASED VEHICLES, NET (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Operating Leased Assets [Line Items]
Lease income	$ 460,070	$ 339,746	$ 881,590	$ 653,077
Lease expense	$ 322,183	253,329	$ 615,065	494,277
FCA
Operating Leased Assets [Line Items]
Private label financing agreement, term			10 years
Sale of leases originated, depreciated net capitalized costs		755,600		1,300,000
Sale of leases, net book value		$ 666,300		$ 1,200,000

LEASED VEHICLES, NET (Component

LEASED VEHICLES, NET (Components of Leased Vehicles, Net) (Details) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Leases [Abstract]
Leased vehicles		$ 13,114,696	$ 11,297,752
Origination fees and other costs		30,717	29,800
Manufacturer subvention payments, net of accretion		(1,209,870)	(1,048,713)
Leased vehicles, gross		11,935,543	10,278,839
Less: accumulated depreciation		(2,406,801)	(1,901,004)
Leased vehicles, net	[1],[2]	$ 9,528,742	$ 8,377,835
[1]	Net of accumulated depreciation of $2.4 billion and $1.9 billion at June 30, 2016 and December 31, 2015, respectively.
[2]	The Company has interests in certain securitization trusts ("Trusts") that are considered variable interest entities ("VIEs") for accounting purposes. The Company consolidates VIEs where it is deemed the primary beneficiary. See Note 6 to these Condensed Consolidated Financial Statements for additional information.

LEASED VEHICLES, NET (Future Mi

LEASED VEHICLES, NET (Future Minimum Rental Receivables) (Details) $ in Thousands	Jun. 30, 2016USD ($)
Leases [Abstract]
Remainder of 2016	$ 872,726
2,017	1,351,070
2,018	633,342
2,019	79,355
2,020	1,000
Total	$ 2,937,493

VARIABLE INTEREST ENTITIES (Nar

VARIABLE INTEREST ENTITIES (Narrative) (Details) - USD ($) $ in Billions	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Trusts | VIE, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Gross retail installment contracts transferred to consolidated Trusts	$ 28.1	$ 27.3
Off-balance Securitization Trusts
Variable Interest Entity [Line Items]
Proceeds from securitization of retail installment contracts	$ 2.8	$ 3.9

VARIABLE INTEREST ENTITIES (Ass

VARIABLE INTEREST ENTITIES (Assets and Liabilities of VIEs) (Details) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Variable Interest Entity [Line Items]
Restricted cash	[1]	$ 3,038,136	$ 2,429,729
Leased vehicles, net	[1],[2]	9,528,742	8,377,835
Various other assets	[1],[3]	1,970,324	1,893,815
TOTAL ASSETS		126,470,894	127,571,282	$ 126,290,038
Various other liabilities	[1]	893,047	598,380
TOTAL LIABILITIES		106,437,600	107,989,507
VIEs, Primary Beneficiary
Variable Interest Entity [Line Items]
Restricted cash		2,026,940	1,842,877
Loans		23,499,551	23,494,541
Leased vehicles, net		8,065,227	6,497,310
Various other assets		580,634	630,017
TOTAL ASSETS		34,172,352	32,464,745
Notes payable		30,979,813	30,628,837
Various other liabilities		90,097	85,844
TOTAL LIABILITIES		31,069,910	30,714,681
VIEs, Primary Beneficiary | Retail installment contracts held for sale
Variable Interest Entity [Line Items]
Loans		$ 1,600,000	$ 1,500,000
[1]	The Company has interests in certain securitization trusts ("Trusts") that are considered variable interest entities ("VIEs") for accounting purposes. The Company consolidates VIEs where it is deemed the primary beneficiary. See Note 6 to these Condensed Consolidated Financial Statements for additional information.
[2]	Net of accumulated depreciation of $2.4 billion and $1.9 billion at June 30, 2016 and December 31, 2015, respectively.
[3]	Includes mortgage servicing rights ("MSRs") of $117.8 million and $147.2 million at June 30, 2016 and December 31, 2015, respectively, for which the Company has elected the FVO. See Note 8 to these Condensed Consolidated Financial Statements for additional information.

VARIABLE INTEREST ENTITIES (Cas

VARIABLE INTEREST ENTITIES (Cash Flow Summary) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
VIE, Primary Beneficiary | Trusts
Variable Interest Entity [Line Items]
Assets securitized	$ 6,325,637	$ 6,085,282	$ 9,947,134	$ 10,067,137
Net proceeds from new securitizations	5,118,309	4,918,905	7,820,313	7,975,856
Net proceeds from sale of retained bonds	128,798	0	128,798	0
Cash received for servicing fees	200,071	173,641	394,435	335,603
Net distributions from Trusts	761,480	616,342	1,391,206	1,072,395
Total cash received from Trusts	6,208,658	5,708,888	9,734,752	9,383,854
VIE, Not Primary Beneficiary | Off-balance Securitization Trusts
Variable Interest Entity [Line Items]
Assets securitized	0	768,561	0	768,561
Net proceeds from new securitizations	0	785,983	0	785,983
Cash received for servicing fees	13,157	6,319	28,858	11,624
Total cash received from Trusts	$ 13,157	$ 792,302	$ 28,858	$ 797,607

GOODWILL AND OTHER INTANGIBLE66

GOODWILL AND OTHER INTANGIBLES (Goodwill) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2015	Jun. 30, 2016
Goodwill [Roll Forward]
Goodwill, Beginning balance		$ 4,444,389
Disposals during the period		0
Additions during the period		0
Impairment during the period		0
Re-allocations during the period		0
Goodwill, Ending balance	$ 4,444,389	4,444,389
Consumer and Business Banking
Goodwill [Roll Forward]
Goodwill, Beginning balance		1,550,321
Disposals during the period		0
Additions during the period		0
Impairment during the period		0
Re-allocations during the period		329,983
Goodwill, Ending balance	1,550,321	1,880,304
Auto Finance & Business Banking
Goodwill [Roll Forward]
Goodwill, Beginning balance		445,923
Disposals during the period		0
Additions during the period		0
Impairment during the period		0
Re-allocations during the period		(445,923)
Goodwill, Ending balance	445,923	0
Commercial Real Estate
Goodwill [Roll Forward]
Goodwill, Beginning balance		0
Disposals during the period		0
Additions during the period		0
Impairment during the period		0
Re-allocations during the period		870,411
Goodwill, Ending balance	0	870,411
Commercial Banking
Goodwill [Roll Forward]
Goodwill, Beginning balance		1,297,055
Disposals during the period		0
Additions during the period		0
Impairment during the period		0
Re-allocations during the period		(754,471)
Goodwill, Ending balance	1,297,055	542,584
Global Corporate Banking
Goodwill [Roll Forward]
Goodwill, Beginning balance		131,130
Disposals during the period		0
Additions during the period		0
Impairment during the period		0
Re-allocations during the period		0
Goodwill, Ending balance	131,130	131,130
SC
Goodwill [Roll Forward]
Goodwill, Beginning balance		1,019,960
Disposals during the period		0
Additions during the period		0
Impairment during the period	(4,500,000)	0
Re-allocations during the period		0
Goodwill, Ending balance	$ 1,019,960	$ 1,019,960

GOODWILL AND OTHER INTANGIBLE67

GOODWILL AND OTHER INTANGIBLES (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended					6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Goodwill [Line Items]
Goodwill impairment						$ 0
Amortization of intangibles	$ 14,761				$ 16,338	29,699	$ 33,144
Consumer and Business Banking
Goodwill [Line Items]
Goodwill reallocated		$ 330,000
Goodwill impairment						0
Auto Finance & Business Banking
Goodwill [Line Items]
Goodwill impairment						0
Commercial Real Estate Banking
Goodwill [Line Items]
Goodwill reallocated		870,400
Commercial Banking
Goodwill [Line Items]
Goodwill reallocated		$ 115,900
Goodwill impairment						0
SC
Goodwill [Line Items]
Goodwill impairment			$ 4,500,000			$ 0
Small Business Banking | Auto Finance & Business Banking
Goodwill [Line Items]
Goodwill reallocated				$ 265,400
Commercial Business Banking | Auto Finance & Business Banking
Goodwill [Line Items]
Goodwill reallocated				$ 109,000

GOODWILL AND OTHER INTANGIBLE68

GOODWILL AND OTHER INTANGIBLES (Finite-lived and Indefinite-lived Intangibles) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Intangibles subject to amortization	$ 609,356	$ 609,356	$ 621,055
Accumulated Amortization	(453,145)	(453,145)	(423,445)
Net Carrying Amount	609,356	609,356	639,055
Trade name
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Intangibles not subject to amortization			18,000
Dealer networks
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Intangibles subject to amortization	485,232	485,232	504,839
Accumulated Amortization	(94,768)	(94,768)	(75,161)
Chrysler relationship
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Intangibles subject to amortization	102,500	102,500	110,000
Accumulated Amortization	(36,250)	(36,250)	(28,750)
Core deposit intangibles
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Intangibles subject to amortization	0	0	763
Accumulated Amortization	(295,842)	(295,842)	(295,079)
Trade name
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Intangibles subject to amortization	17,700	17,700
Accumulated Amortization	(300)	(300)
Other intangibles
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Intangibles subject to amortization	3,924	3,924	5,453
Accumulated Amortization	$ (25,985)	$ (25,985)	$ (24,455)
Intangible Assets, Amortization Period | Core deposit intangibles
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Intangible asset useful life	10 years
Intangible Assets, Amortization Period | Trade name
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Intangible asset useful life		15 years

GOODWILL AND OTHER INTANGIBLE69

GOODWILL AND OTHER INTANGIBLES (Future Amortization Expense) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2016, Calendar year amount	$ 58,062
Amortization of intangibles	29,699
2016, Remaining amount to record	28,363
2,017	56,255
2,018	55,902
2,019	55,701
2,020	55,641
Thereafter	$ 357,494

OTHER ASSETS (Narrative) (Detai

OTHER ASSETS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Servicing Assets [Line Items]
Mortgage servicing fee income	$ 10,800	$ 11,300	$ 21,600	$ 22,500
Gains (losses) on sale of mortgage loans	6,600	17,400	9,700	23,600
Residential mortgages
Servicing Assets [Line Items]
Principal balance of loans serviced for others	15,600,000		15,600,000			$ 15,900,000
Mortgage servicing rights	117,792	157,147	117,792	157,147	$ 130,742	$ 147,233	$ 135,452	$ 145,047
Net changes in the fair value of MSRs	$ (11,500)	$ 21,200	$ (25,800)	$ 14,200

OTHER ASSETS (Other Assets Sche

OTHER ASSETS (Other Assets Schedule) (Details) - USD ($) $ in Thousands		Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Servicing Assets [Line Items]
Income tax receivables		$ 419,396		$ 613,339
Derivative assets at fair value		555,127		355,169
Other repossessed assets		186,202		172,749
Prepaid expenses		171,928		162,879
OREO		37,432		38,959
Miscellaneous assets and receivables		482,447		403,487
Other assets	[1],[2]	1,970,324		1,893,815
Residential MSRs
Servicing Assets [Line Items]
MSRs, at fair value		$ 117,792	$ 130,742	$ 147,233	$ 157,147	$ 135,452	$ 145,047
[1]	Includes mortgage servicing rights ("MSRs") of $117.8 million and $147.2 million at June 30, 2016 and December 31, 2015, respectively, for which the Company has elected the FVO. See Note 8 to these Condensed Consolidated Financial Statements for additional information.
[2]	The Company has interests in certain securitization trusts ("Trusts") that are considered variable interest entities ("VIEs") for accounting purposes. The Company consolidates VIEs where it is deemed the primary beneficiary. See Note 6 to these Condensed Consolidated Financial Statements for additional information.

OTHER ASSETS (Servicing Assets

OTHER ASSETS (Servicing Assets Rollforward) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Residential MSRs
Servicing Asset at Amortized Value, Balance [Roll Forward]
Fair value at beginning of period	$ 130,742	$ 135,452	$ 147,233	$ 145,047
Mortgage servicing assets recognized	4,801	7,803	8,392	11,329
Principal reductions	(6,283)	(7,319)	(12,009)	(13,450)
Change in fair value due to valuation assumptions	(11,468)	21,211	(25,824)	14,221
Fair value at end of period	117,792	$ 157,147	117,792	$ 157,147
Residential MSRs
Servicing Asset at Amortized Value, Balance [Roll Forward]
Fair value at end of period	$ 117,800		$ 117,800

DEPOSITS AND OTHER CUSTOMER A73

DEPOSITS AND OTHER CUSTOMER ACCOUNTS (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral, fair value	$ 7,100	$ 3,500
Demand deposit overdrafts that have been reclassified as loan balances	31.9	25.2
Public fund deposits
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral, fair value	$ 5,100	$ 2,900

DEPOSITS AND OTHER CUSTOMER A74

DEPOSITS AND OTHER CUSTOMER ACCOUNTS (Summary of Deposits and Other Customer Accounts) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Deposits [Abstract]
Interest-bearing demand deposits	$ 8,877,518	$ 10,253,948
Interest-bearing demand deposits (as a percent)	15.70%	18.30%
Non-interest-bearing demand deposits	$ 9,919,471	$ 8,240,023
Non-interest-bearing demand deposits (as a percent)	17.50%	14.70%
Savings	$ 4,102,768	$ 3,956,165
Savings (as a percent)	7.30%	7.00%
Customer repurchase accounts	$ 833,882	$ 896,736
Customer repurchase accounts (as a percent)	1.50%	1.60%
Money market	$ 24,468,371	$ 24,254,357
Money market (as a percent)	43.30%	43.20%
Certificates of deposit	$ 8,295,689	$ 8,513,003
Certificates of deposit (as a percent)	14.70%	15.20%
Total Deposits	$ 56,497,699	$ 56,114,232
Total Deposits (as a percent)	100.00%	100.00%
Foreign deposits	$ 558,000	$ 495,900

BORROWINGS (Narrative) (Details

BORROWINGS (Narrative) (Details) - USD ($)		May 23, 2016	Feb. 22, 2016	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Debt Instrument [Line Items]
Total borrowings and other debt obligations	[1]			$ 46,781,939,000			$ 46,781,939,000		$ 49,086,103,000
Loss on debt extinguishment				45,573,000		$ 0	$ 78,445,000	$ 0
Senior notes, due November 2017
Debt Instrument [Line Items]
Basis spread on LIBOR							1.45%
Senior Notes | 2.70% senior notes, due May 2019
Debt Instrument [Line Items]
Aggregate principal amount		$ 1,000,000,000
Stated interest rate		2.70%
Senior Notes | Senior notes, due November 2017
Debt Instrument [Line Items]
Aggregate principal amount		$ 600,000,000
FHLB Advances
Debt Instrument [Line Items]
Debt terminated				1,500,000,000	$ 1,300,000,000
Loss on debt extinguishment				$ 45,600,000	$ 32,900,000
Santander Bank | Senior Notes | Senior notes with related party, due August 2017
Debt Instrument [Line Items]
Aggregate principal amount			$ 1,500,000,000
Basis spread on LIBOR			2.18%
3-month LIBOR | Senior Notes | Senior notes, due November 2017
Debt Instrument [Line Items]
Basis spread on LIBOR		1.45%
[1]	The Company has interests in certain securitization trusts ("Trusts") that are considered variable interest entities ("VIEs") for accounting purposes. The Company consolidates VIEs where it is deemed the primary beneficiary. See Note 6 to these Condensed Consolidated Financial Statements for additional information.

BORROWINGS (SHUSA) (Details)

BORROWINGS (SHUSA) (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total borrowings and other debt obligations	[1]	$ 46,781,939	$ 49,086,103
Senior notes, due November 2017
Debt Instrument [Line Items]
Basis spread on LIBOR		1.45%
SHUSA
Debt Instrument [Line Items]
Total borrowings and other debt obligations		$ 4,415,156	$ 3,294,976
Effective Rate		3.36%	3.91%
SHUSA | 4.625% senior notes, due April 2016
Debt Instrument [Line Items]
Senior notes, Balance		$ 0	$ 475,723
Effective Rate		0.00%	4.85%
Stated interest rate		4.625%
SHUSA | Senior notes, due November 2017
Debt Instrument [Line Items]
Senior notes, Balance		$ 598,263	$ 0
Effective Rate		2.33%	0.00%
SHUSA | 3.45% senior notes, due August 2018
Debt Instrument [Line Items]
Senior notes, Balance		$ 498,198	$ 497,800
Effective Rate		3.62%	3.62%
Stated interest rate		3.45%
SHUSA | 2.70% senior notes, due May 2019
Debt Instrument [Line Items]
Senior notes, Balance		$ 996,226	$ 0
Effective Rate		2.84%	0.00%
Stated interest rate		2.70%
SHUSA | 2.65% senior notes, due April 2020
Debt Instrument [Line Items]
Senior notes, Balance		$ 993,907	$ 993,151
Effective Rate		2.82%	2.82%
Stated interest rate		2.65%
SHUSA | 4.50% senior notes, due July 2025
Debt Instrument [Line Items]
Senior notes, Balance		$ 1,094,717	$ 1,094,483
Effective Rate		4.56%	4.56%
Stated interest rate		4.50%
SHUSA | Junior subordinated debentures - Capital Trust VI, due June 2036
Debt Instrument [Line Items]
Subordinated debentures, Balance		$ 69,786	$ 69,775
Effective Rate		7.91%	7.91%
SHUSA | Common securities - Capital Trust VI
Debt Instrument [Line Items]
Common securities, Balance		$ 10,000	$ 10,000
Effective Rate		7.91%	7.91%
SHUSA | Junior subordinated debentures - Capital Trust IX, due July 2036
Debt Instrument [Line Items]
Subordinated debentures, Balance		$ 149,419	$ 149,404
Effective Rate		2.44%	2.18%
SHUSA | Common securities - Capital Trust IX
Debt Instrument [Line Items]
Common securities, Balance		$ 4,640	$ 4,640
Effective Rate		2.44%	2.18%
[1]	The Company has interests in certain securitization trusts ("Trusts") that are considered variable interest entities ("VIEs") for accounting purposes. The Company consolidates VIEs where it is deemed the primary beneficiary. See Note 6 to these Condensed Consolidated Financial Statements for additional information.

BORROWINGS (Santander Bank) (De

BORROWINGS (Santander Bank) (Details) - Santander Bank - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total borrowings and other debt obligations	$ 10,805,862	$ 15,695,144
Effective Rate	1.77%	1.85%
2.00% senior notes, due January 2018
Debt Instrument [Line Items]
Senior notes, Balance	$ 747,257	$ 746,381
Effective Rate	2.24%	2.24%
Stated interest rate	2.00%
Senior Notes Due January 2018
Debt Instrument [Line Items]
Senior notes, Balance	$ 249,557	$ 249,415
Effective Rate	1.68%	1.31%
Basis spread on LIBOR	0.93%
8.750% subordinated debentures, due May 2018
Debt Instrument [Line Items]
Subordinated debentures, Balance	$ 498,520	$ 498,175
Effective Rate	8.92%	8.92%
Stated interest rate	8.75%
Subordinated term loan, due February 2019
Debt Instrument [Line Items]
Subordinated term loan, Balance	$ 9,000,000	$ 13,885,000
Effective Rate	1.05%	1.40%
FHLB advances, maturing through July 2019
Debt Instrument [Line Items]
FHLB advances, Balance	$ 125,188	$ 130,899
Effective Rate	6.53%	6.15%
REIT preferred, due May 2020
Debt Instrument [Line Items]
REIT preferred, due May 2020, Balance	$ 155,692	$ 154,930
Effective Rate	13.45%	13.66%
Subordinated term loan, due August 2022
Debt Instrument [Line Items]
Subordinated term loan, Balance	$ 29,648	$ 30,344
Effective Rate	8.28%	7.89%

BORROWINGS (SC) (Details)

BORROWINGS (SC) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Balance	$ 130,000	$ 117,500
SC
Debt Instrument [Line Items]
Balance	43,037,103	36,652,463
Restricted Cash Pledged	$ 1,952,563	$ 1,700,697
SC | Minimum
Debt Instrument [Line Items]
Effective Rate	0.88%	0.88%
SC | Maximum
Debt Instrument [Line Items]
Effective Rate	2.86%	2.81%
SC | Revolving Credit Facility
Debt Instrument [Line Items]
Balance	$ 9,055,116	$ 9,202,779
Effective Rate	2.04%	1.81%
Assets Pledged	$ 8,043,194	$ 8,063,878
Restricted Cash Pledged	213,912	178,847
SC | Revolving Credit Facility | Warehouse line, maturing on various dates
Debt Instrument [Line Items]
Balance	$ 449,585	$ 808,135
Effective Rate	2.27%	1.29%
Assets Pledged	$ 621,893	$ 1,137,257
Restricted Cash Pledged	18,030	24,942
SC | Revolving Credit Facility | Warehouse line, due June 2016
Debt Instrument [Line Items]
Balance	$ 266,084	$ 378,301
Effective Rate	1.72%	1.48%
Assets Pledged	$ 371,360	$ 535,737
Restricted Cash Pledged	0	0
SC | Revolving Credit Facility | Warehouse line, due November 2016
Debt Instrument [Line Items]
Balance	$ 175,000	$ 175,000
Effective Rate	2.00%	1.90%
Assets Pledged	$ 0	$ 0
Restricted Cash Pledged	0	0
SC | Revolving Credit Facility | Warehouse line, due November 2016
Debt Instrument [Line Items]
Balance	$ 250,000	$ 250,000
Effective Rate	2.00%	1.90%
Assets Pledged	$ 0	$ 0
Restricted Cash Pledged	2,502	2,501
SC | Revolving Credit Facility | Warehouse line, due June 2017
Debt Instrument [Line Items]
Balance	$ 124,396
Effective Rate	3.10%
Assets Pledged	$ 300,020
Restricted Cash Pledged	25,055
SC | Revolving Credit Facility | Warehouse line, due July 2017
Debt Instrument [Line Items]
Balance	$ 843,820	$ 682,720
Effective Rate	1.49%	1.35%
Assets Pledged	$ 957,299	$ 809,185
Restricted Cash Pledged	26,983	20,852
SC | Revolving Credit Facility | Warehouse line, due July 2017
Debt Instrument [Line Items]
Balance	$ 2,775,843	$ 2,247,443
Effective Rate	1.44%	1.41%
Assets Pledged	$ 4,234,607	$ 3,412,321
Restricted Cash Pledged	60,400	48,589
SC | Revolving Credit Facility | Warehouse line, due September 2017
Debt Instrument [Line Items]
Balance		$ 565,399
Effective Rate		1.20%
Assets Pledged		$ 824,327
Restricted Cash Pledged		15,759
SC | Revolving Credit Facility | Warehouse line, due December 2017
Debt Instrument [Line Items]
Balance	$ 576,777	$ 944,877
Effective Rate	2.39%	1.56%
Assets Pledged	$ 821,314	$ 1,345,051
Restricted Cash Pledged	26,889	32,038
SC | Revolving Credit Facility | Warehouse line, due January 2018
Debt Instrument [Line Items]
Balance	$ 91,500
Effective Rate	3.08%
Assets Pledged	$ 127,284
Restricted Cash Pledged	4,167
SC | Revolving Credit Facility | Warehouse line, due March 2018
Debt Instrument [Line Items]
Balance	$ 428,899
Effective Rate	1.52%
Assets Pledged	$ 609,417
Restricted Cash Pledged	$ 18,123
SC | Revolving Credit Facility | Repurchase Facility due December 2016
Debt Instrument [Line Items]
Balance		$ 850,904
Effective Rate		2.07%
Assets Pledged		$ 0
Restricted Cash Pledged		34,166
SC | Revolving Credit Facility | Repurchase Facility due December 2016 | Minimum
Debt Instrument [Line Items]
Facility rolling maturity period	30 days
SC | Revolving Credit Facility | Repurchase facility, due May 2017
Debt Instrument [Line Items]
Balance	$ 787,703
Effective Rate	2.71%
Assets Pledged	$ 0
Restricted Cash Pledged	$ 31,763
SC | Revolving Credit Facility | Repurchase facility, due May 2017 | Maximum
Debt Instrument [Line Items]
Facility rolling maturity period	180 days
SC | Revolving Credit Facility | Repurchase facility, due April 2017
Debt Instrument [Line Items]
Balance	$ 235,509
Effective Rate	1.79%
Assets Pledged	$ 0
Restricted Cash Pledged	0
SC | Revolving Credit Facility | Line of credit with related party, due December 2016
Debt Instrument [Line Items]
Balance	$ 500,000	$ 1,000,000
Effective Rate	2.75%	2.61%
Assets Pledged	$ 0	$ 0
Restricted Cash Pledged	0	0
SC | Revolving Credit Facility | Line of credit with related party, due December 2016
Debt Instrument [Line Items]
Balance	$ 1,000,000	$ 500,000
Effective Rate	2.71%	2.65%
Assets Pledged	$ 0	$ 0
Restricted Cash Pledged	0	0
SC | Revolving Credit Facility | Line of credit with related party, due December 2018
Debt Instrument [Line Items]
Balance	$ 550,000	$ 800,000
Effective Rate	2.80%	2.84%
Assets Pledged	$ 0	$ 0
Restricted Cash Pledged	0	$ 0
SC | Revolving Credit Facility | Line of credit with related party
Debt Instrument [Line Items]
Unsecured debt	$ 1,400,000

BORROWINGS (Secured Structured

BORROWINGS (Secured Structured Financings) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Initial Note Amounts Issued	$ 130,000	$ 117,500
SC
Debt Instrument [Line Items]
Balance	22,505,805	20,893,204
Initial Note Amounts Issued	43,037,103	36,652,463
Collateral	30,163,192	27,751,419
Restricted Cash	$ 1,952,563	$ 1,700,697
SC | Minimum
Debt Instrument [Line Items]
Initial Weighted Average Interest Rate Range	0.88%	0.88%
SC | Maximum
Debt Instrument [Line Items]
Initial Weighted Average Interest Rate Range	2.86%	2.81%
SC | SC public securitizations, maturing on various dates
Debt Instrument [Line Items]
Balance	$ 14,202,169	$ 12,679,987
Initial Note Amounts Issued	30,001,112	24,923,292
Collateral	18,399,755	16,256,067
Restricted Cash	$ 1,457,747	$ 1,242,857
SC | SC public securitizations, maturing on various dates | Minimum
Debt Instrument [Line Items]
Initial Weighted Average Interest Rate Range	0.89%	0.89%
SC | SC public securitizations, maturing on various dates | Maximum
Debt Instrument [Line Items]
Initial Weighted Average Interest Rate Range	2.46%	2.29%
SC | SC privately issued amortizing notes, maturing on various dates
Debt Instrument [Line Items]
Balance	$ 8,303,636	$ 8,213,217
Initial Note Amounts Issued	13,035,991	11,729,171
Collateral	11,763,437	11,495,352
Restricted Cash	$ 494,816	$ 457,840
SC | SC privately issued amortizing notes, maturing on various dates | Minimum
Debt Instrument [Line Items]
Initial Weighted Average Interest Rate Range	0.88%	0.88%
SC | SC privately issued amortizing notes, maturing on various dates | Maximum
Debt Instrument [Line Items]
Initial Weighted Average Interest Rate Range	2.86%	2.81%

DERIVATIVES (Narrative) (Detail

DERIVATIVES (Narrative) (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Credit Risk Contingent Features
Fair value of derivatives with credit risk contingent feature associated with credit ratings	$ 19,900,000	$ 19,900,000
Fair value of derivatives with credit risk contingent features	131,300,000	131,300,000	$ 128,100,000
Collateral posted	112,000,000	112,000,000	128,800,000
Cash Flow Hedges
Cash flow hedge gain (loss) to be reclassified within next twelve months		(785,000)
One notch downgrade
Credit Risk Contingent Features
Additional collateral required (up to)	2,081,000	2,081,000
Two notch downgrade
Credit Risk Contingent Features
Additional collateral required (up to)	2,720,000	2,720,000
Designated as hedging instrument
Cash Flow Hedges
Notional	9,472,103,000	9,472,103,000	$ 11,364,821,000
Discontinued Cash Flow Hedges
Cash Flow Hedges
Deferred loss on discontinued cash flow hedge	20,600,000
Discontinued Cash Flow Hedges | Cash flow hedges | Designated as hedging instrument
Cash Flow Hedges
Notional	1,500,000,000	1,500,000,000
Discontinued Fair Value Hedges | Fair value hedges | Designated as hedging instrument
Cash Flow Hedges
Notional	$ 356,000,000	$ 356,000,000

DERIVATIVES (Derivatives Design

DERIVATIVES (Derivatives Designated in Hedge Relationships) (Details) - Designated as hedging instrument - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Derivative [Line Items]
Notional Amount	$ 9,472,103	$ 11,364,821
Asset, Total	620	11,037
Liability, Total	$ 95,074	$ 25,145
Weighted Average Receive Rate	0.52%	0.35%
Weighted Average Pay Rate	1.06%	1.17%
Weighted Average
Derivative [Line Items]
Weighted Average Life (Years)	2 years 9 months 16 days	3 years 2 days
Fair value hedges | Cross-currency swaps
Derivative [Line Items]
Notional Amount		$ 16,390
Asset, Cross-currency swaps		3,695
Liability, Cross-currency swaps		$ 92
Weighted Average Receive Rate		4.76%
Weighted Average Pay Rate		4.75%
Fair value hedges | Cross-currency swaps | Weighted Average
Derivative [Line Items]
Weighted Average Life (Years)		1 month 8 days
Fair value hedges | Interest rate swaps
Derivative [Line Items]
Notional Amount	$ 42,000	$ 318,000
Asset, Interest rate swaps	575	47
Liability, Interest rate swaps	$ 575	$ 2,006
Weighted Average Receive Rate	2.06%	1.07%
Weighted Average Pay Rate	2.06%	2.31%
Fair value hedges | Interest rate swaps | Weighted Average
Derivative [Line Items]
Weighted Average Life (Years)	2 years 11 months 22 days	3 years 6 months
Cash flow hedges | Interest rate swaps
Derivative [Line Items]
Notional Amount	$ 9,430,103	$ 11,030,431
Asset, Pay fixed — receive floating interest rate swaps	45	7,295
Liability, Pay fixed — receive floating interest rate swaps	$ 94,499	$ 23,047
Weighted Average Receive Rate	0.51%	0.32%
Weighted Average Pay Rate	1.06%	1.13%
Cash flow hedges | Interest rate swaps | Weighted Average
Derivative [Line Items]
Weighted Average Life (Years)	2 years 9 months 16 days	3 years

DERIVATIVES (Other Derivatives)

DERIVATIVES (Other Derivatives) (Details) - Not designated as hedging instrument - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Notional	$ 48,349,290	$ 49,632,543
Asset derivatives Fair value	561,254	354,293
Liability derivatives Fair value	565,801	372,728
Other
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Notional	1,006,199	899,394
Asset derivatives Fair value	19,390	11,146
Liability derivatives Fair value	20,864	14,553
Foreign exchange contracts
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Notional	2,605,759	2,513,305
Asset derivatives Fair value	31,846	30,262
Liability derivatives Fair value	31,512	30,144
Interest rate swap agreements
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Notional	1,582,000	2,399,000
Asset derivatives Fair value	0	1,176
Liability derivatives Fair value	7,225	2,481
Interest rate cap agreements
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Notional	8,851,540	10,013,912
Asset derivatives Fair value	6,547	32,950
Liability derivatives Fair value	0	0
Options for interest rate cap agreements
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Notional	8,851,540	10,013,912
Asset derivatives Fair value	0	0
Liability derivatives Fair value	6,550	32,977
Total return settlement
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Notional	1,404,726	1,404,726
Asset derivatives Fair value	0	0
Liability derivatives Fair value	53,543	53,432
Mortgage banking derivatives
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Notional	1,477,737	1,019,448
Asset derivatives Fair value	34,712	3,761
Liability derivatives Fair value	11,725	3,502
Mortgage banking derivatives | Forward commitments to sell loans
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Notional	661,980	396,518
Asset derivatives Fair value	0	542
Liability derivatives Fair value	7,996	0
Mortgage banking derivatives | Interest rate lock commitments
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Notional	380,757	187,930
Asset derivatives Fair value	9,978	2,540
Liability derivatives Fair value	0	0
Mortgage banking derivatives | Mortgage servicing
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Notional	435,000	435,000
Asset derivatives Fair value	24,734	679
Liability derivatives Fair value	3,729	3,502
Customer related derivatives
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Notional	22,569,789	21,368,846
Asset derivatives Fair value	468,759	274,998
Liability derivatives Fair value	434,382	235,639
Customer related derivatives | Swaps receive fixed
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Notional	9,735,090	9,060,134
Asset derivatives Fair value	419,483	205,397
Liability derivatives Fair value	1	6,023
Customer related derivatives | Swaps pay fixed
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Notional	9,975,469	9,273,627
Asset derivatives Fair value	193	16,183
Liability derivatives Fair value	386,146	177,114
Customer related derivatives | Other
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Notional	2,859,230	3,035,085
Asset derivatives Fair value	49,083	53,418
Liability derivatives Fair value	$ 48,235	$ 52,502

DERIVATIVES (Income Statement E

DERIVATIVES (Income Statement Effect) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Cross-currency swaps | Miscellaneous income | Fair value hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on all derivatives	$ 0	$ 185	$ 174	$ 149
Interest rate swaps | Miscellaneous income | Fair value hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on all derivatives	6,253	1,541	1,769	(1,452)
Interest rate swaps | Net interest income | Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on all derivatives	(1,462)	(3,731)	(4,125)	(8,182)
Forward commitments to sell loans | Mortgage banking income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on all derivatives	(4,625)	9,122	(8,537)	8,935
Interest rate lock commitments | Mortgage banking income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on all derivatives	2,986	(5,115)	7,438	(1,178)
Mortgage servicing | Mortgage banking income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on all derivatives	8,757	(9,215)	23,827	(10,434)
Customer related derivatives | Miscellaneous income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on all derivatives	(6,481)	654	(4,971)	1,072
Foreign exchange | Miscellaneous income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on all derivatives	(7)	(990)	216	(1,864)
SC non-hedging derivatives | Miscellaneous income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on all derivatives	(698)	6,854	(6,197)	4,457
SC non-hedging derivatives | Net interest income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on all derivatives	15,033	19,316	30,172	37,360
SC non-hedging derivatives | Other administrative expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on all derivatives	(1,364)	(2,078)	(2,680)	(14,033)
Other | Miscellaneous income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on all derivatives	$ 2,870	$ 987	$ 1,739	$ (458)

DERIVATIVES (Offsetting of Fina

DERIVATIVES (Offsetting of Financial Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Offsetting Assets [Line Items]
Gross Amounts of Recognized Assets	$ 551,896	$ 362,798
Gross Amounts Offset in the Condensed Consolidated Balance Sheet	6,747	10,161
Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheet	545,149	352,637
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet - Financial Instruments	4,663	8,008
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet - Cash Collateral Received	6,394	16,424
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Net Amount	534,092	328,205
Total derivatives not subject to a master netting arrangement or similar arrangement	9,978	2,532
Gross Amounts of Recognized Assets, Total Derivative Assets	561,874	365,330
Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheet, Total Derivative Assets	555,127	355,169
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet - Net Amount, Total Derivative Assets	544,070	330,737
Gross Amounts of Recognized Assets, Total Financial Assets	561,874	365,330
Gross Amounts Offset in the Condensed Consolidated Balance Sheet, Total Financial Assets	6,747	10,161
Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheet, Total Financial Assets	555,127	355,169
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet - Financial Instruments, Total Financial Assets	4,663	8,008
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet - Cash Collateral Received, Total Financial Assets	6,394	16,424
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet - Net Amount, Total Financial Assets	544,070	330,737
Other derivative activities
Offsetting Assets [Line Items]
Gross Amounts of Recognized Assets	551,276	351,761
Gross Amounts Offset in the Condensed Consolidated Balance Sheet	6,747	10,161
Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheet	544,529	341,600
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet - Financial Instruments	4,663	8,008
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet - Cash Collateral Received	6,394	16,424
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Net Amount	533,472	317,168
Fair value hedges
Offsetting Assets [Line Items]
Gross Amounts of Recognized Assets	575	3,742
Gross Amounts Offset in the Condensed Consolidated Balance Sheet	0	0
Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheet	575	3,742
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet - Financial Instruments	0	0
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet - Cash Collateral Received	0	0
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Net Amount	575	3,742
Cash flow hedges
Offsetting Assets [Line Items]
Gross Amounts of Recognized Assets	45	7,295
Gross Amounts Offset in the Condensed Consolidated Balance Sheet	0	0
Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheet	45	7,295
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet - Financial Instruments	0	0
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet - Cash Collateral Received	0	0
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Net Amount	$ 45	$ 7,295

DERIVATIVES (Offsetting of Fi85

DERIVATIVES (Offsetting of Financial Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Offsetting Liabilities [Line Items]
Gross Amounts of Recognized Liabilities	$ 606,203	$ 344,441
Gross Amounts Offset in the Condensed Consolidated Balance Sheet	83,758	77,734
Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheet	522,445	266,707
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Financial Instruments	3,037	4,352
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Cash Collateral Pledged	429,119	258,295
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Net Amount	90,289	4,060
Gross Amounts of Recognized Liabilities, Total Derivatives Not Subject to a Master Netting Arrangement or Similar Arrangement	54,672	53,432
Gross Amounts Offset in the Condensed Consolidated Balance Sheet, Total Derivatives Not Subject to a Master Netting Arrangement or Similar Arrangement	0	0
Net Amounts of Liabilities Presented in the Consolidated Balance Sheet, Total Derivatives Not Subject to a Master Netting Arrangement or Similar Arrangement	54,672	53,432
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Cash Collateral Pledged, Total Derivatives Not Subject to a Master Netting Arrangement or Similar Arrangement	0	0
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Net Amount, Total Derivatives Not Subject to a Master Netting Arrangement or Similar Arrangement	54,672	53,432
Gross Amounts of Recognized Liabilities, Total Derivative Liabilities	660,875	397,873
Gross Amounts Offset in the Condensed Consolidated Balance Sheet, Total Derivative Liabilities	83,758	77,734
Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheet, Total Derivative Liabilities	577,117	320,139
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Cash Collateral Pledged	429,119	258,295
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Net Amount, Total Derivatives Liabilities	144,961	57,492
Gross Amounts of Recognized Liabilities, Total Financial Liabilities	660,875	397,873
Gross Amounts Offset in the Condensed Consolidated Balance Sheet, Total Financial Liabilities	83,758	77,734
Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheet, Total Financial Liabilities	577,117	320,139
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet - Financial Instruments, Total Financial Liabilities	3,037	4,352
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet - Cash Collateral Pledged, Total Financial Liabilities	429,119	258,295
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Net Amount, Total Financial Liabilities	144,961	57,492
Other derivative activities
Offsetting Liabilities [Line Items]
Gross Amounts of Recognized Liabilities	511,129	319,296
Gross Amounts Offset in the Condensed Consolidated Balance Sheet	83,758	77,734
Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheet	427,371	241,562
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Financial Instruments	3,037	4,265
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Cash Collateral Pledged	346,646	208,305
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Net Amount	77,688	28,992
Fair value hedges
Offsetting Liabilities [Line Items]
Gross Amounts of Recognized Liabilities	575	2,098
Gross Amounts Offset in the Condensed Consolidated Balance Sheet	0	0
Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheet	575	2,098
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Financial Instruments	0	87
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Cash Collateral Pledged	0	10,602
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Net Amount	575	(8,591)
Cash flow hedges
Offsetting Liabilities [Line Items]
Gross Amounts of Recognized Liabilities	94,499	23,047
Gross Amounts Offset in the Condensed Consolidated Balance Sheet	0	0
Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheet	94,499	23,047
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Financial Instruments	0	0
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Cash Collateral Pledged	82,473	39,388
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Net Amount	$ 12,026	$ (16,341)

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended		60 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)transaction	Jun. 30, 2015USD ($)	Dec. 31, 2007USD ($)
Income Tax Disclosure [Abstract]
Income tax provision	$ 134,590	$ 125,074	$ 199,987	$ 161,983
Effective tax rate	34.70%	31.00%	37.20%	28.60%
Discrete income tax provision (benefit)	$ 3,600	$ (10,200)	$ 6,600	$ (32,200)
Number of financing transactions related to lawsuit | transaction			2
Transaction amount related to lawsuit seeking refund of taxes paid			$ 1,200,000
Foreign taxes paid					$ 264,000
Disallowed interest expense and transaction costs deductions			74,600
Penalties and interest expense			92,500
Tax reserve	230,100		230,100
Reasonably possible decrease in reserve for uncertain tax positions	230,100		230,100
Reasonably possible increase in reserve for uncertain tax positions	$ 201,900		$ 201,900

ACCUMULATED OTHER COMPREHENSI87

ACCUMULATED OTHER COMPREHENSIVE INCOME / (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX	$ 18,378	$ (80,582)	$ 131,340	$ (29,092)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance			17,136,805
Net Activity	18,378	(80,582)	131,340	(29,092)
Ending Balance	17,419,731		17,419,731
Net unrealized (losses)/gains on cash flow hedge derivative financial instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income/(loss), pretax activity	(16,806)	7,763	(81,001)	(21,246)
Other comprehensive income/(loss), tax effect	627	(2,891)	31,164	8,395
Other comprehensive income/(loss), net activity	(16,179)	4,872	(49,837)	(12,851)
Reclassification adjustment, pretax activity	1,462	3,732	4,125	8,183
Reclassification adjustment, tax effect	(55)	(1,390)	(1,587)	(3,233)
Reclassification adjustment, net activity	1,407	2,342	2,538	4,950
Total other comprehensive income/(loss), pretax activity	(15,344)	11,495	(76,876)	(13,063)
Total other comprehensive income/(loss), tax effect	572	(4,281)	29,577	5,162
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX	(14,772)	7,214	(47,299)	(7,901)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(49,109)	(29,375)	(16,582)	(14,260)
Net Activity	(14,772)	7,214	(47,299)	(7,901)
Ending Balance	(63,881)	(22,161)	(63,881)	(22,161)
Net unrealized gains/(losses) on investment securities available-for-sale
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income/(loss), pretax activity	84,909	(133,445)	350,084	(15,664)
Other comprehensive income/(loss), tax effect	(33,295)	51,195	(137,526)	5,689
Other comprehensive income/(loss), net activity	51,614	(82,250)	212,558	(9,975)
Reclassification adjustment, pretax activity	(31,305)	(9,707)	(57,726)	(19,264)
Reclassification adjustment, tax effect	12,276	3,724	22,677	6,996
Reclassification adjustment, net activity	(19,029)	(5,983)	(35,049)	(12,268)
Total other comprehensive income/(loss), pretax activity	53,604	(143,152)	292,358	(34,928)
Total other comprehensive income/(loss), tax effect	(21,019)	54,919	(114,849)	12,685
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX	32,585	(88,233)	177,509	(22,243)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	48,898	13,475	(96,026)	(52,515)
Net Activity	32,585	(88,233)	177,509	(22,243)
Ending Balance	81,483	(74,758)	81,483	(74,758)
Reclassification adjustment for net (gains)/losses included in net income/(expense) on non-OTTI securities (2)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification adjustment, pretax activity	(31,339)	(10,799)	(57,770)	(20,356)
Reclassification adjustment, tax effect	12,289	4,143	22,694	7,393
Reclassification adjustment, net activity	(19,050)	(6,656)	(35,076)	(12,963)
Reclassification adjustment for net losses/(gains) included in net income on OTTI securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification adjustment, pretax activity	34	1,092	44	1,092
Reclassification adjustment, tax effect	(13)	(419)	(17)	(397)
Reclassification adjustment, net activity	21	673	27	695
Pension and post-retirement actuarial gain/(loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total other comprehensive income/(loss), pretax activity	929	1,018	1,858	2,036
Total other comprehensive income/(loss), tax effect	(364)	(581)	(728)	(984)
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX	565	437	1,130	1,052
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(26,468)	(29,020)	(27,033)	(29,635)
Net Activity	565	437	1,130	1,052
Ending Balance	(25,903)	(28,583)	(25,903)	(28,583)
Accumulated Other Comprehensive (Loss)/Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total other comprehensive income/(loss), pretax activity	39,189	(130,639)	217,340	(45,955)
Total other comprehensive income/(loss), tax effect	(20,811)	50,057	(86,000)	16,863
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX	18,378	(80,582)	131,340	(29,092)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(26,679)	(44,920)	(139,641)	(96,410)
Net Activity	18,378	(80,582)	131,340	(29,092)
Ending Balance	$ (8,301)	$ (125,502)	$ (8,301)	$ (125,502)

COMMITMENTS, CONTINGENCIES AN88

COMMITMENTS, CONTINGENCIES AND GUARANTEES (Other Commitments) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Other Commitments [Line Items]
Total commitments	$ 24,887,573	$ 33,339,299
Commitments to extend credit
Other Commitments [Line Items]
Other commitments	22,886,984	31,379,039
Letters of credit
Other Commitments [Line Items]
Other commitments	1,824,432	1,832,884
Letters of credit	1,824,432	1,832,884
Recourse exposure on sold loans
Other Commitments [Line Items]
Other commitments	71,682	70,394
Commitments to sell loans
Other Commitments [Line Items]
Other commitments	$ 104,475	$ 56,982

COMMITMENTS, CONTINGENCIES AN89

COMMITMENTS, CONTINGENCIES AND GUARANTEES (Commitments to Extend Credit) (Details) - USD ($) $ in Thousands	3 Months Ended	5 Months Ended	6 Months Ended
	Jun. 30, 2016	Dec. 07, 2016	Jun. 30, 2016	Dec. 31, 2015
Commitments to extend credit
Other Commitments [Line Items]
1 year or less	$ 4,557,649		$ 4,557,649	$ 6,451,239
Over 1 year to 3 years	4,690,687		4,690,687	5,250,512
Over 3 years to 5 years	5,158,780		5,158,780	12,136,625
Over 5 years	8,479,868		8,479,868	7,540,663
Total	22,886,984		$ 22,886,984	$ 31,379,039
Commitment period			5 years
Commitments to extend credit | Unfunded Loan Commitment | Affiliated Entity | Transfer of Unfunded Commitment to Extend Credit
Other Commitments [Line Items]
Loans transferred and settled	3,700,000		$ 6,000,000
Gain (loss) on sale of unfunded commitments to extend credit	$ 4,200		$ (2,100)
Subsequent Event | Commitments to extend credit | Unfunded Loan Commitment | Affiliated Entity | Transfer of Unfunded Commitment to Extend Credit
Other Commitments [Line Items]
Loans transferred and settled		$ 528,000
Gain (loss) on sale of unfunded commitments to extend credit		$ 500

COMMITMENTS, CONTINGENCIES AN90

COMMITMENTS, CONTINGENCIES AND GUARANTEES (Letters of Credit) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Other Commitments [Line Items]
Reserve for unfunded lending commitments	$ 155,208	$ 172,008	$ 147,396	$ 137,641	$ 127,641	$ 132,641
Lines of credit outstanding	$ 130,000		117,500
Letters of credit
Other Commitments [Line Items]
Commitments, weighted average term	13 months 6 days
Reserve for unfunded lending commitments	$ 25,300		29,900
1 year or less	1,349,822		1,230,424
Over 1 year to 3 years	352,120		308,634
Over 3 years to 5 years	97,783		268,946
Over 5 years	24,707		24,880
Total	$ 1,824,432		$ 1,832,884

COMMITMENTS, CONTINGENCIES AN91

COMMITMENTS, CONTINGENCIES AND GUARANTEES (Loans Sold with Recourse and Commitments to Sell Loans) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Recourse exposure on sold loans
Other Commitments [Line Items]
Retained credit risk, multifamily servicing	$ 5.5	$ 6.8
Recourse exposure on sold loans | FNMA | Multifamily loans
Other Commitments [Line Items]
Loans sold with recourse, portion of first credit loss position retained, percent	100.00%
Value of underlying collateral	$ 34.4	34.4
Commitments to sell loans
Other Commitments [Line Items]
Forward contracts maturity period (less than)	1 year
Multifamily loans | Recourse exposure on sold loans | FNMA
Other Commitments [Line Items]
Loans sold with recourse, unpaid principal balance	$ 466.5	$ 552.1

COMMITMENTS, CONTINGENCIES AN92

COMMITMENTS, CONTINGENCIES AND GUARANTEES (SC Commitments and SC Matters) (Details) - USD ($)	Nov. 04, 2015	Oct. 01, 2015	Feb. 25, 2015	Jun. 30, 2016	Jul. 27, 2016	Dec. 31, 2015	Sep. 30, 2015	Aug. 01, 2015	Jul. 31, 2015
Long-term Purchase Commitment [Line Items]
Loan purchase commitment, contract termination, effective period		90 days
Purchase commitment, repurchase rate (up to) (as a percent)				9.99%
Purchase commitment, exercise of repurchase rights, retainer rate (up to) (as a percent)				20.00%
Loan commitment, termination notice period		120 days
Minimum sales commitment, charged off loan receivables				$ 350,000,000
Threshold for sales subject to market price check (over)				275,000,000
Minimum sales commitment, loans receivable, written off, remaining				168,500,000		$ 200,700,000
Guarantees, fair value				$ 1,000,000		2,900,000
Maximum | CBP
Long-term Purchase Commitment [Line Items]
Loss-sharing payment percentage				0.50%
Maximum | SC
Long-term Purchase Commitment [Line Items]
Total commitments		$ 350,000,000
Forward commitments to sell loans
Long-term Purchase Commitment [Line Items]
Payment obligation				$ 104,475,000		56,982,000
Forward commitments to sell loans | Obligation to repurchase receivables sold | SC
Long-term Purchase Commitment [Line Items]
Total commitments				12,400,000		12,500,000
Forward commitments to sell loans | Maximum | SC
Long-term Purchase Commitment [Line Items]
Total commitments							$ 300,000,000
Loan purchase commitments | Minimum | CBP
Long-term Purchase Commitment [Line Items]
Loan purchase commitment amount (lesser of)								$ 50,000,000	$ 250,000,000
Loan purchase commitments | Maximum | CBP
Long-term Purchase Commitment [Line Items]
Loan purchase commitment amount (lesser of)								$ 200,000,000	$ 600,000,000
FCA | Revenue Sharing Payments and Gain-Sharing Payments to FCA | SC
Long-term Purchase Commitment [Line Items]
Payment obligation				15,000,000		12,100,000
Bank of America | Servicer Performance Payment | SC
Long-term Purchase Commitment [Line Items]
Payment obligation				8,600,000		6,300,000
CBP | Loss Sharing Payment | SC
Long-term Purchase Commitment [Line Items]
Payment obligation				2,300,000		$ 3,400,000
Assurance of Discontinuance | Unfavorable Regulatory Action
Long-term Purchase Commitment [Line Items]
Damages sought	$ 150,000
Violation of Service Members Civil Relief Act | Civil Fine
Long-term Purchase Commitment [Line Items]
Damages sought			$ 55,000
Violation of Service Members Civil Relief Act | Lost Equity for Each Repossession
Long-term Purchase Commitment [Line Items]
Damages sought			10,000
Violation of Service Members Civil Relief Act | Sought to Collect Repossession-related Fees
Long-term Purchase Commitment [Line Items]
Damages sought			5,000
Violation of Service Members Civil Relief Act | Minimum | Civil Fine to Affected Service Members
Long-term Purchase Commitment [Line Items]
Damages sought			$ 9,400,000
Subsequent Event | Maximum | SC
Long-term Purchase Commitment [Line Items]
Total commitments					$ 300,000,000
CEO | Separation Agreement | SC
Long-term Purchase Commitment [Line Items]
Compensation liability				$ 115,100,000

COMMITMENTS, CONTINGENCIES AN93

COMMITMENTS, CONTINGENCIES AND GUARANTEES (Other Regulatory and Governmental Matters) (Details) $ in Millions	Jul. 14, 2016USD ($)	Feb. 08, 2016USD ($)	Mar. 26, 2015USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2014USD ($)	Jun. 16, 2015actionable_item
Loss Contingencies [Line Items]
Pending gain (loss) related to litigation settlement				$ 5.2
Foreclosure matters
Loss Contingencies [Line Items]
Number of actionable items | actionable_item						9
Identity theft protection product matter
Loss Contingencies [Line Items]
Identity theft protection payments returned to customers		$ 3.4	$ 6		$ 37.3
Subsequent Event | Overdraft Coverage Consent Order
Loss Contingencies [Line Items]
Remediation payment	$ 10

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Oct. 15, 2015	Jul. 02, 2015	Jul. 16, 2014
Commitments to extend credit | Unfunded Loan Commitment | Affiliated Entity | Transfer of Unfunded Commitment to Extend Credit
Related Party Transaction [Line Items]
Loans transferred and settled	$ 3,700,000,000	$ 6,000,000,000
Gain (loss) on sale of unfunded commitments to extend credit	4,200,000	$ (2,100,000)
SC | DDFS LLC
Related Party Transaction [Line Items]
Ownership percentage					9.70%
SC | Affiliated Entity | DDFS LLC
Related Party Transaction [Line Items]
Call transaction, basis spread on variable rate				1.00%
SC | DDFS LLC | Loan Agreement
Related Party Transaction [Line Items]
Common stock pledged as collateral (shares)		29,598,506
Line of Credit | SC | Revolving Credit Facility | DDFS LLC | Loan Agreement
Related Party Transaction [Line Items]
Maximum borrowing capacity						$ 300,000,000
Outstanding debt	$ 290,000,000	$ 290,000,000	$ 290,000,000

FAIR VALUE (Narrative) (Details

FAIR VALUE (Narrative) (Details) - Recurring - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 20,683,374	$ 21,918,986
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	18,778,210	20,080,308
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 1,905,164	$ 1,838,678
Percentage of level 3 assets to total assets held at fair value	9.20%
Percentage of level 3 assets to total assets	1.50%

FAIR VALUE (Fair Value Measurem

FAIR VALUE (Fair Value Measurements, Recurring) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financial assets:
Available-for-sale investment securities	$ 19,418,613	$ 20,851,495
Retail installment contracts held-for-investment	250,700	328,700
Derivatives	555,127	355,169
Financial liabilities:
Derivatives	577,117	320,139
U.S. Treasury securities
Financial assets:
Available-for-sale investment securities	2,004,753	3,188,388
Corporate debt
Financial assets:
Available-for-sale investment securities		1,475,574
Asset-backed securities
Financial assets:
Available-for-sale investment securities	1,939,843	1,769,510
State and municipal securities
Financial assets:
Available-for-sale investment securities	33	767,880
Equity securities
Financial assets:
Available-for-sale investment securities	10,799	10,487
Recurring
Financial assets:
Available-for-sale investment securities	19,407,814	20,841,008
Retail installment contracts held-for-investment	250,703	328,655
Loans held-for-sale	345,191	236,760
Mortgage servicing rights	117,792	147,233
Total financial assets	20,683,374	21,918,986
Financial liabilities:
Total financial liabilities	660,875	397,873
Recurring | Mortgage banking interest rate lock commitments
Financial assets:
Derivatives	9,978	2,540
Recurring | Mortgage banking forward sell commitments
Financial assets:
Derivatives		542
Financial liabilities:
Derivatives	7,996
Recurring | Customer related
Financial assets:
Derivatives	468,759	274,998
Financial liabilities:
Derivatives	434,382	235,639
Recurring | Total return swap
Financial liabilities:
Derivatives	639	282
Recurring | Foreign exchange
Financial assets:
Derivatives	31,846	30,262
Financial liabilities:
Derivatives	31,512	30,144
Recurring | Mortgage servicing
Financial assets:
Derivatives	24,734	679
Financial liabilities:
Derivatives	3,729	3,502
Recurring | Interest rate swaps
Financial assets:
Derivatives		1,176
Financial liabilities:
Derivatives	7,225	2,481
Recurring | Interest rate cap agreements
Financial assets:
Derivatives	6,547	32,950
Recurring | Option for interest rate cap
Financial liabilities:
Derivatives	6,550	32,977
Recurring | Total return settlement
Financial liabilities:
Derivatives	53,543	53,432
Recurring | Other
Financial assets:
Derivatives	19,390	11,146
Financial liabilities:
Derivatives	20,225	14,271
Recurring | Fair value
Financial assets:
Derivatives	575	3,742
Financial liabilities:
Derivatives	575	2,098
Recurring | Cash flow
Financial assets:
Derivatives	45	7,295
Financial liabilities:
Derivatives	94,499	23,047
Recurring | U.S. Treasury securities
Financial assets:
Available-for-sale investment securities	2,004,753	3,188,388
Recurring | Corporate debt
Financial assets:
Available-for-sale investment securities		1,475,574
Recurring | Asset-backed securities
Financial assets:
Available-for-sale investment securities	1,939,843	1,769,510
Recurring | State and municipal securities
Financial assets:
Available-for-sale investment securities	33	767,880
Recurring | Mortgage backed securities
Financial assets:
Available-for-sale investment securities	15,463,185	13,639,656
Recurring | Equity securities
Financial assets:
Available-for-sale investment securities	10,800	10,500
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Available-for-sale investment securities	0	0
Retail installment contracts held-for-investment	0	0
Loans held-for-sale	0	0
Mortgage servicing rights	0	0
Total financial assets	0	0
Financial liabilities:
Total financial liabilities	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage banking interest rate lock commitments
Financial assets:
Derivatives	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage banking forward sell commitments
Financial assets:
Derivatives		0
Financial liabilities:
Derivatives	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Customer related
Financial assets:
Derivatives	0	0
Financial liabilities:
Derivatives	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Total return swap
Financial liabilities:
Derivatives	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign exchange
Financial assets:
Derivatives	0	0
Financial liabilities:
Derivatives	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage servicing
Financial assets:
Derivatives	0	0
Financial liabilities:
Derivatives	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate swaps
Financial assets:
Derivatives		0
Financial liabilities:
Derivatives	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate cap agreements
Financial assets:
Derivatives	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Option for interest rate cap
Financial liabilities:
Derivatives	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Total return settlement
Financial liabilities:
Derivatives	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other
Financial assets:
Derivatives	0	0
Financial liabilities:
Derivatives	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value
Financial assets:
Derivatives	0	0
Financial liabilities:
Derivatives	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Cash flow
Financial assets:
Derivatives	0	0
Financial liabilities:
Derivatives	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Treasury securities
Financial assets:
Available-for-sale investment securities	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate debt
Financial assets:
Available-for-sale investment securities		0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Asset-backed securities
Financial assets:
Available-for-sale investment securities	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | State and municipal securities
Financial assets:
Available-for-sale investment securities	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage backed securities
Financial assets:
Available-for-sale investment securities	0	0
Recurring | Significant Other Observable Inputs (Level 2)
Financial assets:
Available-for-sale investment securities	17,881,123	19,480,768
Retail installment contracts held-for-investment	0	0
Loans held-for-sale	345,191	236,760
Mortgage servicing rights	0	0
Total financial assets	18,778,210	20,080,308
Financial liabilities:
Total financial liabilities	606,450	344,037
Recurring | Significant Other Observable Inputs (Level 2) | Mortgage banking interest rate lock commitments
Financial assets:
Derivatives	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Mortgage banking forward sell commitments
Financial assets:
Derivatives		542
Financial liabilities:
Derivatives	7,996
Recurring | Significant Other Observable Inputs (Level 2) | Customer related
Financial assets:
Derivatives	468,759	274,998
Financial liabilities:
Derivatives	434,382	235,639
Recurring | Significant Other Observable Inputs (Level 2) | Total return swap
Financial liabilities:
Derivatives	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Foreign exchange
Financial assets:
Derivatives	31,846	30,262
Financial liabilities:
Derivatives	31,512	30,144
Recurring | Significant Other Observable Inputs (Level 2) | Mortgage servicing
Financial assets:
Derivatives	24,734	679
Financial liabilities:
Derivatives	3,729	3,502
Recurring | Significant Other Observable Inputs (Level 2) | Interest rate swaps
Financial assets:
Derivatives		1,176
Financial liabilities:
Derivatives	7,225	2,481
Recurring | Significant Other Observable Inputs (Level 2) | Interest rate cap agreements
Financial assets:
Derivatives	6,547	32,950
Recurring | Significant Other Observable Inputs (Level 2) | Option for interest rate cap
Financial liabilities:
Derivatives	6,550	32,977
Recurring | Significant Other Observable Inputs (Level 2) | Total return settlement
Financial liabilities:
Derivatives	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Other
Financial assets:
Derivatives	19,390	11,136
Financial liabilities:
Derivatives	19,982	14,149
Recurring | Significant Other Observable Inputs (Level 2) | Fair value
Financial assets:
Derivatives	575	3,742
Financial liabilities:
Derivatives	575	2,098
Recurring | Significant Other Observable Inputs (Level 2) | Cash flow
Financial assets:
Derivatives	45	7,295
Financial liabilities:
Derivatives	94,499	23,047
Recurring | Significant Other Observable Inputs (Level 2) | U.S. Treasury securities
Financial assets:
Available-for-sale investment securities	2,004,753	3,188,388
Recurring | Significant Other Observable Inputs (Level 2) | Corporate debt
Financial assets:
Available-for-sale investment securities		1,475,574
Recurring | Significant Other Observable Inputs (Level 2) | Asset-backed securities
Financial assets:
Available-for-sale investment securities	413,152	409,270
Recurring | Significant Other Observable Inputs (Level 2) | State and municipal securities
Financial assets:
Available-for-sale investment securities	33	767,880
Recurring | Significant Other Observable Inputs (Level 2) | Mortgage backed securities
Financial assets:
Available-for-sale investment securities	15,463,185	13,639,656
Recurring | Significant Unobservable Inputs (Level 3)
Financial assets:
Available-for-sale investment securities	1,526,691	1,360,240
Retail installment contracts held-for-investment	250,703	328,655
Loans held-for-sale	0	0
Mortgage servicing rights	117,792	147,233
Total financial assets	1,905,164	1,838,678
Financial liabilities:
Total financial liabilities	54,425	53,836
Recurring | Significant Unobservable Inputs (Level 3) | Mortgage banking interest rate lock commitments
Financial assets:
Derivatives	9,978	2,540
Recurring | Significant Unobservable Inputs (Level 3) | Mortgage banking forward sell commitments
Financial assets:
Derivatives		0
Financial liabilities:
Derivatives	0
Recurring | Significant Unobservable Inputs (Level 3) | Customer related
Financial assets:
Derivatives	0	0
Financial liabilities:
Derivatives	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Total return swap
Financial liabilities:
Derivatives	639	282
Recurring | Significant Unobservable Inputs (Level 3) | Foreign exchange
Financial assets:
Derivatives	0	0
Financial liabilities:
Derivatives	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Mortgage servicing
Financial assets:
Derivatives	0	0
Financial liabilities:
Derivatives	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Interest rate swaps
Financial assets:
Derivatives		0
Financial liabilities:
Derivatives	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Interest rate cap agreements
Financial assets:
Derivatives	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Option for interest rate cap
Financial liabilities:
Derivatives	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Total return settlement
Financial liabilities:
Derivatives	53,543	53,432
Recurring | Significant Unobservable Inputs (Level 3) | Other
Financial assets:
Derivatives	0	10
Financial liabilities:
Derivatives	243	122
Recurring | Significant Unobservable Inputs (Level 3) | Fair value
Financial assets:
Derivatives	0	0
Financial liabilities:
Derivatives	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Cash flow
Financial assets:
Derivatives	0	0
Financial liabilities:
Derivatives	0	0
Recurring | Significant Unobservable Inputs (Level 3) | U.S. Treasury securities
Financial assets:
Available-for-sale investment securities	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Corporate debt
Financial assets:
Available-for-sale investment securities		0
Recurring | Significant Unobservable Inputs (Level 3) | Asset-backed securities
Financial assets:
Available-for-sale investment securities	1,526,691	1,360,240
Recurring | Significant Unobservable Inputs (Level 3) | State and municipal securities
Financial assets:
Available-for-sale investment securities	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Mortgage backed securities
Financial assets:
Available-for-sale investment securities	$ 0	$ 0

FAIR VALUE (Fair Value Measur97

FAIR VALUE (Fair Value Measurements, Non-recurring) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans held-for-investment	$ 250,700		$ 250,700		$ 328,700
Total carrying value of the loans	5,372,931		5,372,931		4,531,285
Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed assets	24,765		24,765		27,574
Vehicle inventory	232,348		232,348		204,120
Loans held-for-sale	1,019,142		1,019,142		2,040,813
Goodwill					1,019,960
Indefinite lived intangibles					18,000
Fair value adjustment	(105,805)	$ (2,147)	(258,838)	$ (3,288)
Nonrecurring | Impaired loans held-for-investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans held-for-investment	331,254		331,254		123,118
Total carrying value of the loans	218,200		218,200		91,300
Nonrecurring | Impaired loans held-for-investment | Provision for credit losses
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value adjustment	(10,789)	(1,731)	(97,796)	(2,261)
Nonrecurring | Foreclosed assets | Miscellaneous income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value adjustment	(249)	(416)	(2,062)	(1,027)
Nonrecurring | Loans held for sale | Miscellaneous income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value adjustment	(94,767)	$ 0	(158,980)	$ 0
Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed assets	0		0		0
Vehicle inventory	0		0		0
Loans held-for-sale	0		0		0
Goodwill					0
Indefinite lived intangibles					0
Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Impaired loans held-for-investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans held-for-investment	0		0		0
Nonrecurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed assets	24,765		24,765		27,574
Vehicle inventory	232,348		232,348		204,120
Loans held-for-sale	0		0		0
Goodwill					0
Indefinite lived intangibles					0
Nonrecurring | Significant Other Observable Inputs (Level 2) | Impaired loans held-for-investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans held-for-investment	306,073		306,073		122,792
Nonrecurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed assets	0		0		0
Vehicle inventory	0		0		0
Loans held-for-sale	1,019,142		1,019,142		2,040,813
Goodwill					1,019,960
Indefinite lived intangibles					18,000
Nonrecurring | Significant Unobservable Inputs (Level 3) | Impaired loans held-for-investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans held-for-investment	$ 25,181		$ 25,181		$ 326

FAIR VALUE (Reconciliation of A

FAIR VALUE (Reconciliation of Assets and Liabilities Using Level 3 Inputs) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)factor	Jun. 30, 2015USD ($)	Jan. 28, 2014USD ($)
Retail installment contracts held-for-investment
Fair Value, Assets, Unobservable Input Reconciliation [Roll Forward]
Unpaid principal balance on previously charged-off RIC portfolio					$ 3,000,000
Retail installment contracts held-for-investment
Fair Value, Assets, Unobservable Input Reconciliation [Roll Forward]
Number of primary factors driving gains | factor			3
Level 3 | Recurring
Fair Value, Assets, Unobservable Input Reconciliation [Roll Forward]
Balance at beginning of period	$ 2,009,753	$ 2,273,115	$ 1,784,842	$ 2,212,423
Gains/(losses) in other comprehensive income	624	(8,433)	2,209	(3,654)
Gains/(losses) in earnings	16,202	107,919	31,605	179,292
Additions/Issuances	225,642	352,425	507,919	609,924
Settlements	(401,482)	(591,337)	(475,836)	(864,296)
Balance at end of period	1,850,739	2,133,689	1,850,739	2,133,689
Changes in unrealized gains (losses) included in earnings related to balances still held at end of period	13,216	113,033	24,167	180,470
Level 3 | Recurring | Investments Available-for-Sale
Fair Value, Assets, Unobservable Input Reconciliation [Roll Forward]
Balance at beginning of period	1,640,423	1,514,517	1,360,240	1,267,643
Gains/(losses) in other comprehensive income	624	(8,433)	2,209	(3,654)
Gains/(losses) in earnings	0	0	0	0
Additions/Issuances	220,841	344,622	499,527	598,595
Settlements	(335,197)	(311,223)	(335,285)	(323,101)
Balance at end of period	1,526,691	1,539,483	1,526,691	1,539,483
Changes in unrealized gains (losses) included in earnings related to balances still held at end of period	0	0	0	0
Level 3 | Recurring | Retail installment contracts held-for-investment
Fair Value, Assets, Unobservable Input Reconciliation [Roll Forward]
Balance at beginning of period	285,811	676,097	328,655	845,911
Gains/(losses) in other comprehensive income	0	0	0	0
Gains/(losses) in earnings	26,606	94,049	53,355	180,541
Additions/Issuances	0	0	0	0
Settlements	(61,714)	(275,495)	(131,307)	(531,801)
Balance at end of period	250,703	494,651	250,703	494,651
Changes in unrealized gains (losses) included in earnings related to balances still held at end of period	26,606	94,049	53,355	180,541
Level 3 | Recurring | MSRs
Fair Value, Assets, Unobservable Input Reconciliation [Roll Forward]
Balance at beginning of period	130,742	135,452	147,233	145,047
Gains/(losses) in other comprehensive income	0	0	0	0
Gains/(losses) in earnings	(11,468)	21,211	(25,824)	14,221
Additions/Issuances	4,801	7,803	8,392	11,329
Settlements	(6,283)	(7,319)	(12,009)	(13,450)
Balance at end of period	117,792	157,147	117,792	157,147
Changes in unrealized gains (losses) included in earnings related to balances still held at end of period	(11,468)	21,211	(25,824)	14,221
Level 3 | Recurring | Derivatives
Fair Value, Assets, Unobservable Input Reconciliation [Roll Forward]
Balance at beginning of period	(47,223)	(52,951)	(51,286)	(46,178)
Gains/(losses) in other comprehensive income	0	0	0	0
Gains/(losses) in earnings	1,064	(7,341)	4,074	(15,470)
Additions/Issuances	0	0	0	0
Settlements	1,712	2,700	2,765	4,056
Balance at end of period	(44,447)	(57,592)	(44,447)	(57,592)
Changes in unrealized gains (losses) included in earnings related to balances still held at end of period	$ (1,922)	$ (2,227)	$ (3,364)	$ (14,292)

FAIR VALUE (Sensitivity Analysi

FAIR VALUE (Sensitivity Analysis of Fair Value, Mortgage Servicing Rights) (Details) - MSRs $ in Millions	Jun. 30, 2016USD ($)
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Sensitivity analysis of fair value, impact of 10 percent adverse change in prepayment speed	$ (5.4)
Sensitivity analysis of fair value, impact of 20 percent adverse change in prepayment speed	(10.2)
Sensitivity analysis of fair value, impact of 10 percent adverse change in discount rate	(3.8)
Sensitivity analysis of fair value, impact of 20 percent adverse change in discount rate	$ (7.4)

FAIR VALUE (Quantitative Inform

FAIR VALUE (Quantitative Information) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Financial Assets:
Available-for-sale at fair value	$ 19,418,613	$ 20,851,495
Retail installment contracts held-for-investment	250,700	328,700
Derivative assets at fair value	555,127	355,169
Financial Liabilities	577,117	320,139
Recurring
Financial Assets:
Available-for-sale at fair value	19,407,814	20,841,008
Retail installment contracts held-for-investment	250,703	328,655
Mortgage servicing rights	117,792	147,233
Recurring | Mortgage banking interest rate lock commitments
Financial Assets:
Derivative assets at fair value	9,978	2,540
Recurring | Total return settlement
Financial Assets:
Financial Liabilities	53,543	53,432
Recurring | Level 3
Financial Assets:
Available-for-sale at fair value	1,526,691	1,360,240
Retail installment contracts held-for-investment	250,703	328,655
Mortgage servicing rights	117,792	147,233
Recurring | Level 3 | Mortgage banking interest rate lock commitments
Financial Assets:
Derivative assets at fair value	9,978	2,540
Recurring | Level 3 | Mortgage banking interest rate lock commitments | Discounted Cash Flow
Financial Assets:
Derivative assets at fair value	$ 9,978
Unobservable Inputs
Pull through percentage	77.20%
Recurring | Level 3 | Mortgage banking interest rate lock commitments | Discounted Cash Flow | Minimum
Unobservable Inputs
MSR value	0.74%
Recurring | Level 3 | Mortgage banking interest rate lock commitments | Discounted Cash Flow | Maximum
Unobservable Inputs
MSR value	1.06%
Recurring | Level 3 | Mortgage banking interest rate lock commitments | Discounted Cash Flow | Weighted Average
Unobservable Inputs
MSR value	1.04%
Recurring | Level 3 | Total return settlement
Financial Assets:
Financial Liabilities	$ 53,543	$ 53,432
Recurring | Level 3 | Total return settlement | Discounted Cash Flow
Unobservable Inputs
Discount Rate	8.12%
Recurring | Level 3 | Financing bonds | Discounted Cash Flow
Financial Assets:
Available-for-sale at fair value	$ 1,476,049
Recurring | Level 3 | Financing bonds | Discounted Cash Flow | Minimum
Unobservable Inputs
Discount Rate	0.84%
Recurring | Level 3 | Financing bonds | Discounted Cash Flow | Maximum
Unobservable Inputs
Discount Rate	1.56%
Recurring | Level 3 | Financing bonds | Discounted Cash Flow | Weighted Average
Unobservable Inputs
Discount Rate	1.04%
Recurring | Level 3 | Sale-leaseback securities | Consensus Pricing
Financial Assets:
Available-for-sale at fair value	$ 50,642
Unobservable Inputs
Offered quotes	128.96%
Recurring | Level 3 | Retail installment contracts held-for-investment | Discounted Cash Flow
Financial Assets:
Retail installment contracts held-for-investment	$ 250,703
Unobservable Inputs
Prepayment rate (CPR)	9.50%
Recurring | Level 3 | Retail installment contracts held-for-investment | Discounted Cash Flow | Minimum
Unobservable Inputs
Discount Rate	9.50%
Recovery Rate	25.00%
Recurring | Level 3 | Retail installment contracts held-for-investment | Discounted Cash Flow | Maximum
Unobservable Inputs
Discount Rate	14.50%
Recovery Rate	43.00%
Recurring | Level 3 | Retail installment contracts held-for-investment | Discounted Cash Flow | Weighted Average
Unobservable Inputs
Discount Rate	10.29%
Recovery Rate	28.69%
Recurring | Level 3 | Mortgage servicing rights | Discounted Cash Flow
Financial Assets:
Mortgage servicing rights	$ 117,792
Unobservable Inputs
Discount Rate	9.90%
Recurring | Level 3 | Mortgage servicing rights | Discounted Cash Flow | Minimum
Unobservable Inputs
Prepayment rate (CPR)	0.09%
Recurring | Level 3 | Mortgage servicing rights | Discounted Cash Flow | Maximum
Unobservable Inputs
Prepayment rate (CPR)	30.99%
Recurring | Level 3 | Mortgage servicing rights | Discounted Cash Flow | Weighted Average
Unobservable Inputs
Prepayment rate (CPR)	12.97%

FAIR VALUE (Fair Value of Finan

FAIR VALUE (Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Financial assets:
Available-for-sale investment securities		$ 19,418,613	$ 20,851,495
Loans held-for-investment, net		76,895,508	76,213,081
Derivatives		555,127	355,169
Financial liabilities:
Derivatives		577,117	320,139
Restricted cash	[1]	3,038,136	2,429,729
Carrying Value
Financial assets:
Cash and amounts due from depository institutions		2,977,783	4,992,042
Available-for-sale investment securities		19,407,814	20,841,008
Loans held-for-investment, net		76,895,508	76,213,081
Loans held-for-sale		3,257,158	3,183,282
Restricted cash		3,038,136	2,429,729
Mortgage servicing rights		117,792	147,233
Derivatives		561,874	365,330
Financial liabilities:
Deposits		56,497,699	56,114,232
Borrowings and other debt obligations		46,781,939	49,086,103
Derivatives		660,875	397,873
Fair Value
Financial assets:
Cash and amounts due from depository institutions		2,977,783	4,992,042
Available-for-sale investment securities		19,407,814	20,841,008
Loans held-for-investment, net		77,647,383	76,290,862
Loans held-for-sale		3,295,684	3,195,513
Restricted cash		3,038,136	2,429,729
Mortgage servicing rights		117,792	147,233
Derivatives		561,874	365,330
Financial liabilities:
Deposits		56,526,089	56,121,954
Borrowings and other debt obligations		47,170,983	49,320,778
Derivatives		660,875	397,873
Fair Value | Level 1
Financial assets:
Cash and amounts due from depository institutions		2,977,783	4,992,042
Available-for-sale investment securities		0	0
Loans held-for-investment, net		0	0
Loans held-for-sale		0	0
Restricted cash		3,038,136	2,429,729
Mortgage servicing rights		0	0
Derivatives		0	0
Financial liabilities:
Deposits		48,202,010	47,601,229
Borrowings and other debt obligations		0	0
Derivatives		0	0
Fair Value | Level 2
Financial assets:
Cash and amounts due from depository institutions		0	0
Available-for-sale investment securities		17,881,123	19,480,768
Loans held-for-investment, net		306,073	122,792
Loans held-for-sale		345,191	236,760
Restricted cash		0	0
Mortgage servicing rights		0	0
Derivatives		551,896	362,780
Financial liabilities:
Deposits		8,324,079	8,520,725
Borrowings and other debt obligations		38,115,867	40,117,999
Derivatives		606,450	344,037
Fair Value | Level 3
Financial assets:
Cash and amounts due from depository institutions		0	0
Available-for-sale investment securities		1,526,691	1,360,240
Loans held-for-investment, net		77,341,310	76,168,070
Loans held-for-sale		2,950,493	2,958,753
Restricted cash		0	0
Mortgage servicing rights		117,792	147,233
Derivatives		9,978	2,550
Financial liabilities:
Deposits		0	0
Borrowings and other debt obligations		9,055,116	9,202,779
Derivatives		$ 54,425	$ 53,836
[1]	The Company has interests in certain securitization trusts ("Trusts") that are considered variable interest entities ("VIEs") for accounting purposes. The Company consolidates VIEs where it is deemed the primary beneficiary. See Note 6 to these Condensed Consolidated Financial Statements for additional information.

FAIR VALUE (Fair Value Option f

FAIR VALUE (Fair Value Option for Financial Assets and Liabilities) (Details) - USD ($) $ in Thousands	Jan. 28, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Residential mortgages
Difference
Mortgage servicing rights		$ 117,800		$ 117,800
Loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Threshold period for discontinuing and reversing accrual of interest (more than)				90 days
Fair Value
Loans held-for-sale		345,191		$ 345,191
Nonaccrual loans		0		0
Aggregate Unpaid Principal Balance
Loans held-for-sale		334,972		334,972
Nonaccrual loans		0		0
Difference
Loans held-for-sale		10,219		10,219
Nonaccrual loans		0		0
Retail installment contracts held-for-investment
Fair Value
Retail installment contracts held-for-investment		250,703		250,703
Nonaccrual loans		21,230		21,230
Aggregate Unpaid Principal Balance
Retail installment contracts held-for-investment		322,101		322,101
Nonaccrual loans		33,194		33,194
Difference
Retail installment contracts held-for-investment		(71,398)		(71,398)
Nonaccrual loans		(11,964)		$ (11,964)
SC | Retail installment contracts held-for-investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Threshold period for discontinuing and reversing accrual of interest (more than)	60 days			60 days
Fair Value
Retail installment contracts held-for-investment	$ 1,900,000
Aggregate Unpaid Principal Balance
Retail installment contracts held-for-investment	$ 2,600,000
Residential mortgages
Difference
Mortgage servicing rights		117,792	$ 157,147	$ 117,792	$ 157,147	$ 130,742	$ 147,233	$ 135,452	$ 145,047
Change in fair value due to valuation assumptions		$ (11,500)	$ 21,200	$ (25,800)	$ 14,200

BUSINESS SEGMENT INFORMATION (D

BUSINESS SEGMENT INFORMATION (Details) - USD ($)	May 01, 2013	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Net interest income		$ 1,585,443,000	$ 1,726,779,000	$ 3,201,495,000	$ 3,349,836,000
Total non-interest income		615,561,000	704,083,000	1,213,262,000	1,290,586,000
Provision/(release) for credit losses		597,309,000	965,251,000	1,479,588,000	2,018,890,000
Total expenses		1,215,987,000	1,062,341,000	2,397,012,000	2,054,512,000
Income/(loss) before income taxes		387,708,000	403,270,000	538,157,000	567,020,000
Intersegment (expense)/revenue		0	0	0	0
Total assets		126,470,894,000	126,290,038,000	126,470,894,000	126,290,038,000	$ 127,571,282,000
Global Corporate Banking
Segment Reporting Information [Line Items]
Minimum annual revenue to service corporations		500,000,000		500,000,000
Operating Segments | Consumer and Business Banking
Segment Reporting Information [Line Items]
Net interest income		268,942,000	208,229,000	487,330,000	412,944,000
Total non-interest income		169,525,000	199,373,000	356,791,000	355,641,000
Provision/(release) for credit losses		19,836,000	25,987,000	20,332,000	26,685,000
Total expenses		414,992,000	442,674,000	823,457,000	863,665,000
Income/(loss) before income taxes		3,639,000	(61,059,000)	332,000	(121,765,000)
Intersegment (expense)/revenue		815,000	290,000	1,363,000	653,000
Total assets		21,074,565,000	22,265,218,000	21,074,565,000	22,265,218,000
Operating Segments | Commercial Banking
Segment Reporting Information [Line Items]
Net interest income		88,687,000	68,150,000	165,872,000	132,388,000
Total non-interest income		13,424,000	11,615,000	26,026,000	23,273,000
Provision/(release) for credit losses		(8,803,000)	6,085,000	52,859,000	7,699,000
Total expenses		44,847,000	46,380,000	89,443,000	90,973,000
Income/(loss) before income taxes		66,067,000	27,300,000	49,596,000	56,989,000
Intersegment (expense)/revenue		818,000	782,000	1,808,000	1,758,000
Total assets		12,364,498,000	15,501,105,000	12,364,498,000	15,501,105,000
Operating Segments | Commercial Real Estate
Segment Reporting Information [Line Items]
Net interest income		72,210,000	69,503,000	136,967,000	134,823,000
Total non-interest income		3,124,000	8,331,000	5,186,000	16,166,000
Provision/(release) for credit losses		8,280,000	1,958,000	20,960,000	12,796,000
Total expenses		13,325,000	19,292,000	32,924,000	36,965,000
Income/(loss) before income taxes		53,729,000	56,584,000	88,269,000	101,228,000
Intersegment (expense)/revenue		782,000	740,000	1,282,000	1,099,000
Total assets		15,440,551,000	14,145,098,000	15,440,551,000	14,145,098,000
Operating Segments | Global Corporate Banking
Segment Reporting Information [Line Items]
Net interest income		61,051,000	54,083,000	121,369,000	103,175,000
Total non-interest income		15,967,000	25,420,000	33,234,000	41,390,000
Provision/(release) for credit losses		(16,420,000)	3,007,000	31,376,000	5,759,000
Total expenses		20,466,000	27,926,000	55,418,000	52,900,000
Income/(loss) before income taxes		72,972,000	48,570,000	67,809,000	85,906,000
Intersegment (expense)/revenue		(2,610,000)	(1,320,000)	(4,719,000)	(3,645,000)
Total assets		11,968,432,000	12,337,891,000	11,968,432,000	12,337,891,000
Operating Segments | SC
Segment Reporting Information [Line Items]
Net interest income		1,129,637,000	1,183,603,000	2,293,215,000	2,293,561,000
Total non-interest income		372,224,000	427,117,000	725,415,000	754,596,000
Provision/(release) for credit losses		511,921,000	579,380,000	1,172,091,000	1,211,227,000
Total expenses		552,377,000	458,173,000	1,080,034,000	898,495,000
Income/(loss) before income taxes		437,563,000	573,167,000	766,505,000	938,435,000
Intersegment (expense)/revenue		0	0	0	0
Total assets		37,382,811,000	35,521,099,000	37,382,811,000	35,521,099,000
Other
Segment Reporting Information [Line Items]
Net interest income		(91,636,000)	(13,311,000)	(113,041,000)	2,403,000
Total non-interest income		39,646,000	20,832,000	62,413,000	44,544,000
Provision/(release) for credit losses		(3,145,000)	(37,000)	(5,833,000)	31,061,000
Total expenses		168,471,000	66,432,000	312,432,000	109,984,000
Income/(loss) before income taxes		(217,316,000)	(58,874,000)	(357,227,000)	(94,098,000)
Intersegment (expense)/revenue		195,000	(492,000)	266,000	135,000
Total assets		28,240,037,000	26,519,627,000	28,240,037,000	26,519,627,000
SC Purchase Price Adjustments | SC
Segment Reporting Information [Line Items]
Net interest income		52,082,000	156,464,000	103,852,000	270,397,000
Total non-interest income		15,487,000	23,985,000	29,269,000	83,289,000
Provision/(release) for credit losses		85,640,000	348,871,000	187,803,000	723,663,000
Total expenses		13,898,000	14,662,000	28,629,000	28,403,000
Income/(loss) before income taxes		(31,969,000)	(183,084,000)	(83,311,000)	(398,380,000)
Intersegment (expense)/revenue		0	0	0	0
Total assets		0	0	0	0
Eliminations
Segment Reporting Information [Line Items]
Net interest income		4,470,000	58,000	5,931,000	145,000
Total non-interest income		(13,836,000)	(12,590,000)	(25,072,000)	(28,313,000)
Provision/(release) for credit losses		0	0	0	0
Total expenses		(12,389,000)	(13,198,000)	(25,325,000)	(26,873,000)
Income/(loss) before income taxes		3,023,000	666,000	6,184,000	(1,295,000)
Intersegment (expense)/revenue		0	0	0	0
Total assets		$ 0	$ 0	$ 0	$ 0
FCA
Segment Reporting Information [Line Items]
Private label financing agreement, term	10 years

INTERMEDIATE HOLDING COMPANY (D

INTERMEDIATE HOLDING COMPANY (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total assets	$ 126,470,894	$ 126,290,038	$ 126,470,894	$ 126,290,038	$ 127,571,282
Total liabilities	106,437,600		106,437,600		$ 107,989,507
Net income	144,646	$ 173,024	158,423	$ 258,440
Intermediate Holding Company
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total assets	14,100,000		14,100,000
Total liabilities	$ 11,800,000		11,800,000
Net income			$ 46,900