Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 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 Consolidated Balance Sheets as of:

				Fair Value
		Notional		Derivative	Derivative
December 31, 2011 ($ in millions)		Amount		Assets	Liabilities
Qualifying hedging instruments
Fair value hedges:
Interest rate swaps related to long-term debt	$	4,080		662	-
Total fair value hedges				662	-
Cash flow hedges:
Interest rate floors related to C&I loans		1,500		91	-
Interest rate swaps related to C&I loans		1,500		59	-
Interest rate caps related to long-term debt		500		-	-
Interest rate swaps related to long-term debt		250		-	5
Total cash flow hedges				150	5
Total derivatives designated as qualifying hedging instruments				812	5
Derivatives not designated as qualifying hedging instruments
Free-standing derivatives - risk management and other business purposes
Interest rate contracts related to MSRs		3,077		187	-
Forward contracts related to held for sale mortgage loans		5,705		8	54
Interest rate swaps related to long-term debt		311		1	3
Put options associated with sale of the processing business		978		-	1
Stock warrants associated with sale of the processing business		223		111	-
Swap associated with the sale of Visa, Inc. Class B shares		436		-	78
Total free-standing derivatives - risk management and other business purposes				307	136
Free-standing derivatives - customer accommodation:
Interest rate contracts for customers		30,000		774	795
Interest rate lock commitments		3,835		33	1
Commodity contracts		2,074		134	130
Foreign exchange contracts		17,909		294	275
Derivative instruments related to equity linked CDs		34		2	2
Total free-standing derivatives - customer accommodation				1,237	1,203
Total derivatives not designated as qualifying hedging instruments				1,544	1,339
Total			$	2,356	1,344

				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	-
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 sale of the processing business		769		-	8
Stock warrants associated with sale of the processing business		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

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 Consolidated Statements of Income:

	Consolidated Statements of Income Caption
For the year ended December 31 ($ in millions)					2011		2010		2009
Interest rate contracts:
Change in fair value of interest rate swaps hedging long-term debt		Interest on long-term debt	$	220		167		(548)
Change in fair value of hedged long-term debt		Interest on long-term debt		(227)		(168)		538
Change in fair value of interest rate swaps hedging time deposits		Interest on deposits		-		6		4
Change in fair value of hedged time deposits		Interest on deposits		-		(6)		(3)

Net Gains (Losses) Relating to Derivative Instruments Designated as Cash Flow Hedges

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

For the year ended December 31 ($ in millions)		2011	2010	2009
Amount of net gain recognized in OCI	$	89	2	75
Amount of net gain reclassified from OCI into net income		69	60	49
Amount of ineffectiveness recognized in other noninterest income		1	6	(1)

Schedule of Price Risk Derivatives

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

	Consolidated Statements of Income Caption
For the year ended December 31 ($ in millions)					2011		2010		2009
Interest rate contracts:
Forward contracts related to residential mortgage loans held for sale		Mortgage banking net revenue	$	(128)		40		55
Interest rate swaps and swaptions related to MSR portfolio		Mortgage banking net revenue		345		109		41
Interest rate swaps related to long-term debt		Other noninterest income		7		2		3
Foreign exchange contracts:
Foreign exchange contracts for trading purposes		Other noninterest income		-		-		(10)
Equity contracts:
Warrants associated with sale of the processing business		Other noninterest income		32		4		13
Put options associated with sale of the processing business		Other noninterest income		7		1		5
Swap associated with sale of Visa, Inc. Class B shares		Other noninterest income		(83)		(19)		(2)

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:

At December 31 ($ in millions)		2011	2010
Pass	$	772	744
Special mention		14	37
Substandard		18	69
Doubtful		4	1
Total	$	808	851

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 Consolidated Statements of Income relating to free-standing derivative instruments used for customer accommodation are summarized in the following table:

For the year ended December 31	Consolidated Statements of Income Caption
($ in millions)			2011	2010	2009
Interest rate contracts:
Interest rate contracts for customers (contract revenue)	Corporate banking revenue	$	28	26	21
Interest rate contracts for customers (credit losses)	Other noninterest expense		(13)	(22)	(33)
Interest rate contracts for customers (credit portion of fair value adjustment)	Other noninterest expense		13	(1)	(7)
Interest rate lock commitments	Mortgage banking net revenue		206	187	129
Commodity contracts:
Commodity contracts for customers (contract revenue)	Corporate banking revenue		8	8	6
Commodity contracts for customers (credit portion of fair value adjustment)	Other noninterest expense		-	-	2
Foreign exchange contracts:
Foreign exchange contracts - customers (contract revenue)	Corporate banking revenue		47	63	76
Foreign exchange contracts - customers (credit portion of fair value adjustment)	Other noninterest expense		1	(1)	2