Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2012

Business segment financial results are as follows:



(dollar amounts in millions)	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Six Months Ended June 30, 2012	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	764		$	327		$	93		$	(323	)	$	18		$	879
Provision for credit losses	14			7			16			—			4			41
Noninterest income	164			90			131			30			2			417
Noninterest expenses	309			361			159			6			47			882
Provision (benefit) for income taxes (FTE)	188			16			18			(111		)	(12		)	99
Net income (loss)	$	417		$	33		$	31		$	(188	)	$	(19	)	$	274
Net credit-related charge-offs	$	54		$	21		$	15		$	—		$	—		$	90

Selected average balances:
Assets	$	33,780		$	6,060		$	4,620		$	12,024		$	5,298		$	61,782
Loans	32,844			5,356			4,549			—			—			42,749
Deposits	24,070			20,449			3,626			169			181			48,495

Statistical data:
Return on average assets (a)	2.47		%	0.31		%	1.36		%	N/M			N/M			0.89		%
Efficiency ratio	33.35			86.52			74.55			N/M			N/M			68.62



(dollar amounts in millions)	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Six Months Ended June 30, 2011	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	682		$	282		$	92		$	(283	)	$	15		$	788
Provision for credit losses	17			47			23			—			4			91
Noninterest income	156			87			128			31			7			409
Noninterest expenses	323			325			155			6			20			829
Provision (benefit) for income taxes (FTE)	155			2			16			(96		)	1			78
Net income (loss)	$	343		$	(5	)	$	26		$	(162	)	$	(3	)	$	199
Net credit-related charge-offs	$	126		$	46		$	19		$	—		$	—		$	191

Selected average balances:
Assets	$	29,991		$	5,507		$	4,769		$	9,405		$	4,476		$	54,148
Loans	29,528			5,053			4,780			—			—			39,361
Deposits	20,241			17,549			2,889			244			118			41,041

Statistical data:
Return on average assets (a)	2.29		%	(0.06		)%	1.08		%	N/M			N/M			0.73		%
Efficiency ratio	38.45			87.94			72.89			N/M			N/M			69.55


(a)	Return on average assets is calculated based on the greater of average assets or average liabilities and attributed equity.

FTE - Fully Taxable Equivalent

N/M – not meaningful

Market Segment Financial Results

Market segment financial results are as follows:



(dollar amounts in millions)	Midwest			Western			Texas			Florida			Other Markets			International			Finance & Other			Total
Six Months Ended June 30, 2012	Midwest			Western			Texas			Florida			Other Markets			International			Finance & Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	394		$	348		$	293		$	21		$	91		$	37		$	(305	)	$	879
Provision for credit losses	11			(6		)	21			16			(6		)	1			4			41
Noninterest income	195			70			63			7			32			18			32			417
Noninterest expenses	359			211			181			20			41			17			53			882
Provision (benefit) for income taxes (FTE)	75			80			54			(3		)	3			13			(123		)	99
Net income (loss)	$	144		$	133		$	100		$	(5	)	$	85		$	24		$	(207	)	$	274
Net credit-related charge-offs	$	29		$	24		$	10		$	12		$	15		$	—		$	—		$	90

Selected average balances:
Assets	$	14,062		$	12,897		$	10,176		$	1,411		$	4,102		$	1,812		$	17,322		$	61,782
Loans	13,796			12,651			9,400			1,424			3,767			1,711			—			42,749
Deposits	19,321			14,134			10,207			435			2,678			1,370			350			48,495

Statistical data:
Return on average assets (a)	1.40		%	1.77		%	1.75		%	(0.78		)%	4.16		%	2.63		%	N/M			0.89		%
Efficiency ratio	60.96			50.43			50.86			73.14			36.28			31.34			N/M			68.62



(dollar amounts in millions)	Midwest			Western			Texas			Florida			Other Markets			International			Finance & Other			Total
Six Months Ended June 30, 2011	Midwest			Western			Texas			Florida			Other Markets			International			Finance & Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	407		$	330		$	176		$	23		$	82		$	38		$	(268	)	$	788
Provision for credit losses	46			30			1			19			(3		)	(6		)	4			91
Noninterest income	200			74			48			7			24			18			38			409
Noninterest expenses	374			218			125			24			42			20			26			829
Provision (benefit) for income taxes (FTE)	72			55			36			(4		)	(1		)	15			(95		)	78
Net income (loss)	$	115		$	101		$	62		$	(9	)	$	68		$	27		$	(165	)	$	199
Net credit-related charge-offs	$	81		$	52		$	12		$	23		$	21		$	2		$	—		$	191

Selected average balances:
Assets	$	14,283		$	12,459		$	7,057		$	1,543		$	3,176		$	1,749		$	13,881		$	54,148
Loans	14,077			12,250			6,848			1,573			2,897			1,716			—			39,361
Deposits	18,273			12,347			5,982			382			2,375			1,320			362			41,041

Statistical data:
Return on average assets (a)	1.18		%	1.51		%	1.75		%	(1.11		)%	4.31		%	3.06		%	N/M			0.73		%
Efficiency ratio	61.76			54.05			55.56			77.18			42.37			34.18			N/M			69.55


(a)	Return on average assets is calculated based on the greater of average assets or average liabilities and attributed equity.

FTE—Fully Taxable Equivalent

N/M – not meaningful

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details