Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2011

Notional Amounts and Fair Values for All Derivative Instruments Included in the Consolidated Balance Sheets

The following tables reflect the notional amounts and fair values for all derivative instruments included in the Condensed Consolidated Balance Sheets as of:

				Fair Value
		Notional		Derivative	Derivative
September 30, 2011 ($ in millions)		Amount		Assets	Liabilities
Qualifying hedging instruments
Fair value hedges:
Interest rate swaps related to long-term debt	$	4,080		679	-
Interest rate swaps related to time deposits		-		-	-
Total fair value hedges				679	-
Cash flow hedges:
Interest rate floors related to C&I loans		1,500		112	-
Interest rate swaps related to C&I loans		1,500		60	-
Interest rate caps related to long-term debt		500		-	-
Interest rate swaps related to long-term debt		250		-	7
Total cash flow hedges				172	7
Total derivatives designated as qualifying hedging instruments				851	7
Derivatives not designated as qualifying hedging instruments
Free-standing derivatives - risk management and other business purposes
Interest rate contracts related to MSRs		3,577		193	2
Forward contracts and options related to held for sale mortgage loans		5,062		4	59
Interest rate swaps related to long-term debt		360		1	3
Foreign exchange contracts for trading purposes		1,696		12	12
Put options associated with Processing Business Sale		901		-	1
Stock warrants associated with Processing Business Sale		205		101	-
Swap associated with the sale of Visa, Inc. Class B shares		423		-	27
Total free-standing derivatives - risk management and other business purposes				311	104
Free-standing derivatives - customer accommodation:
Interest rate contracts for customers		29,433		827	851
Interest rate lock commitments		4,772		38	1
Commodity contracts		2,102		112	105
Foreign exchange contracts		19,243		459	435
Derivative instruments related to equity linked CDs		34		2	2
Total free-standing derivatives - customer accommodation				1,438	1,394
Total derivatives not designated as qualifying hedging instruments				1,749	1,498
Total			$	2,600	1,505

				Fair Value
		Notional		Derivative	Derivative
December 31, 2010 ($ in millions)		Amount		Assets	Liabilities
Qualifying hedging instruments
Fair value hedges:
Interest rate swaps related to long-term debt	$	4,355		442	-
Interest rate swaps related to time deposits		-		-	-
Total fair value hedges				442	-
Cash flow hedges:
Interest rate floors related to C&I loans		1,500		153	-
Interest rate swaps related to C&I loans		3,000		8	-
Interest rate caps related to long-term debt		1,500		4	-
Interest rate swaps related to long-term debt		1,190		-	31
Total cash flow hedges				165	31
Total derivatives designated as qualifying hedging instruments				607	31
Derivatives not designated as qualifying hedging instruments
Free-standing derivatives - risk management and other business purposes
Interest rate contracts related to MSRs		12,477		141	81
Forward contracts related to held for sale mortgage loans		6,389		90	14
Interest rate swaps related to long-term debt		173		3	1
Foreign exchange contracts for trading purposes		2,494		4	4
Put options associated with Processing Business Sale		769		-	8
Stock warrants associated with Processing Business Sale		175		79	-
Swap associated with the sale of Visa, Inc. Class B shares		363		-	18
Total free-standing derivatives - risk management and other business purposes				317	126
Free-standing derivatives - customer accommodation:
Interest rate contracts for customers		26,817		701	735
Interest rate lock commitments		1,772		9	9
Commodity contracts		1,878		99	92
Foreign exchange contracts		17,998		339	319
Derivative instruments related to equity linked CDs		70		2	2
Total free-standing derivatives - customer accommodation				1,150	1,157
Total derivatives not designated as qualifying hedging instruments				1,467	1,283
Total			$	2,074	1,314

				Fair Value
		Notional		Derivative	Derivative
September 30, 2010 ($ in millions)		Amount		Assets	Liabilities
Qualifying hedging instruments
Fair value hedges:
Interest rate swaps related to long-term debt	$	4,355		683	-
Interest rate swaps related to time deposits		230		-	-
Total fair value hedges				683	-
Cash flow hedges:
Interest rate floors related to C&I loans		1,500		176	-
Interest rate swaps related to C&I loans		3,500		19	16
Interest rate caps related to long-term debt		2,500		2	-
Interest rate swaps related to long-term debt		804		-	22
Total cash flow hedges				197	38
Total derivatives designated as qualifying hedging instruments				880	38
Derivatives not designated as qualifying hedging instruments
Free-standing derivatives - risk management and other business purposes
Interest rate contracts related to MSRs		6,717		248	11
Forward contracts related to held for sale mortgage loans		7,037		2	32
Interest rate swaps related to long-term debt		247		4	1
Foreign exchange contracts for trading purposes		2,671		14	14
Put options associated with Processing Business Sale		759		-	8
Stock warrants associated with Processing Business Sale		173		76	-
Swap associated with the sale of Visa, Inc. Class B shares		384		-	48
Total free-standing derivatives - risk management and other business purposes				344	114
Free-standing derivatives - customer accommodation:
Interest rate contracts for customers		27,376		918	963
Interest rate lock commitments		4,264		35	-
Commodity contracts		1,561		105	97
Foreign exchange contracts		15,643		259	235
Derivative instruments related to equity linked CDs		106		1	1
Total free-standing derivatives - customer accommodation				1,318	1,296
Total derivatives not designated as qualifying hedging instruments				1,662	1,410
Total			$	2,542	1,448

Derivative Instruments Gain Loss By Hedging Relationship By Income Statement Location [Text Block]

The following table reflects the change in fair value of interest rate contracts, designated as fair value hedges, as well as the change in fair value of the related hedged items attributable to the risk being hedged, included in the Condensed Consolidated Statements of Income:

	Condensed Consolidated Statements of Income Caption			For the three months				For the nine months
					ended September 30,				ended September 30,
($ in millions)					2011		2010		2011		2010
Interest rate contracts:
Change in fair value of interest rate swaps hedging long-term debt		Interest on long-term debt	$	258		123		238		408
Change in fair value of hedged long-term debt		Interest on long-term debt		(255)		(122)		(242)		(409)
Change in fair value of interest rate swaps hedging time deposits		Interest on deposits		-		1		-		6
Change in fair value of hedged time deposits		Interest on deposits		-		(1)		-		(6)

Cash Flow Hedges Gains Losses Recognized In Other Comprehensive Income And Income [Text Block]

The following table presents the net gains (losses) recorded in the Condensed Consolidated Statements of Income and accumulated other comprehensive income in the Condensed Consolidated Statements of Changes in Equity relating to derivative instruments designated as cash flow hedges.

		For the three months		For the nine months
		ended September 30,		ended September 30,
($ in millions)		2011	2010	2011	2010
Amount of net gain (loss) recognized in OCI	$	27	-	59	(2)
Amount of net gain (loss) reclassified from OCI into net income		(10)	17	21	46
Amount of ineffectiveness recognized in other noninterest income		-	2	2	2

Schedule of Price Risk Derivatives

The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for risk management and other business purposes are summarized in the following table:

	Condensed Consolidated Statements of Income Caption			For the three months				For the nine months
					ended September 30,				ended September 30,
($ in millions)					2011		2010		2011		2010
Interest rate contracts:
Forward contracts related to residential mortgage loans held for sale		Mortgage banking net revenue	$	(57)		18		(136)		(63)
Interest rate swaps and swaptions related to MSR portfolio		Mortgage banking net revenue		235		129		337		283
Interest rate swaps related to long-term debt		Other noninterest income		2		-		6		2
Foreign exchange contracts:
Foreign exchange contracts for trading purposes		Other noninterest income		-		(1)		-		1
Equity contracts:
Warrants associated with Processing Business Sale		Other noninterest income		(3)		(6)		22		1
Put options associated with Processing Business Sale		Other noninterest income		6		1		8		1
Swap associated with sale of Visa, Inc. Class B shares		Other noninterest income		(17)		(5)		(30)		(14)

Risk Ratings of the Notional Amount of Risk Participation Agreements

Risk ratings of the notional amount of risk participation agreements under this risk rating system are summarized in the following table:

		September 30,	December 31,	September 30,
($ in millions)		2011	2010	2010
Pass	$	654	744	516
Special mention		9	37	192
Substandard		54	69	11
Doubtful		4	1	7
Loss		1	-	50
Total	$	722	851	776

Net Gains (Losses) Recorded in the Consolidated Statements of Income Relating to Free-Standing Derivative Instruments Used For Customer Accommodation

The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for customer accommodation are summarized in the following table:

			For the three		For the nine
	Condensed Consolidated Statements of Income Caption		months ended		months ended
			September 30,		September 30,
($ in millions)			2011	2010	2011	2010
Interest rate contracts:
Interest rate contracts for customers (contract revenue)	Corporate banking revenue	$	7	7	22	18
Interest rate contracts for customers (credit losses)	Other noninterest expense		-	(6)	(12)	(13)
Interest rate contracts for customers (credit portion of fair value adjustment)	Other noninterest expense		-	(3)	10	(11)
Interest rate lock commitments	Mortgage banking net revenue		100	101	156	210
Commodity contracts:
Commodity contracts for customers (contract revenue)	Corporate banking revenue		3	2	6	6
Commodity contracts for customers (credit portion of fair value adjustment)	Other noninterest expense		(1)	-	-	(1)
Foreign exchange contracts:
Foreign exchange contracts - customers (contract revenue)	Corporate banking revenue		17	14	48	46
Foreign exchange contracts - customers (credit portion of fair value adjustment)	Other noninterest expense		(3)	1	(2)	1

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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