Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE FINANCIAL INSTRUMENTS - MSR Hedging Activities (Details)

v3.20.1
DERIVATIVE FINANCIAL INSTRUMENTS - MSR Hedging Activities (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]    
MSR Derivative Hedging [Table Text Block]
The notional value of the derivative financial instruments, corresponding trading assets and liabilities, and net trading gains (losses) related to MSR hedging activity is summarized in the following table:
(dollar amounts in millions)
March 31, 2020
December 31, 2019
Notional value
$
490
 
 
$
778
 
Trading assets
64
 
 
19
 
 
 
 
 

 
Three Months Ended March 31,
(dollar amounts in millions)
2020
2019
Trading gains
$
57

$
7


 
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Notional Amount $ 27,415 $ 25,927
Derivative used in Mortgage Banking Activities    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Fair Value, Net (6) 6
Derivative, Notional Amount 490 778
Trading Assets 64 19
Derivative, Gain (Loss) on Derivative, Net $ 57 $ 7