Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2012

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
March 31, 2012 ($ in millions)		Amount		Assets	Liabilities
Qualifying hedging instruments
Fair value hedges:
Interest rate swaps related to long-term debt	$	4,080		562	-
Total fair value hedges				562	-
Cash flow hedges:
Interest rate floors related to C&I loans		1,500		77	-
Interest rate swaps related to C&I loans		1,000		58	-
Interest rate caps related to long-term debt		500		-	-
Interest rate swaps related to long-term debt		250		-	4
Total cash flow hedges				135	4
Total derivatives designated as qualifying hedging instruments				697	4
Derivatives not designated as qualifying hedging instruments
Free-standing derivatives - risk management and other business purposes
Interest rate contracts related to MSRs		8,077		201	-
Forward contracts related to held for sale mortgage loans		8,769		21	10
Interest rate swaps related to long-term debt		195		1	2
Stock warrants associated with sale of the processing business		228		157	-
Swap associated with the sale of Visa, Inc. Class B shares		507		-	22
Total free-standing derivatives - risk management and other business purposes				380	34
Free-standing derivatives - customer accommodation:
Interest rate contracts for customers		26,185		655	674
Interest rate lock commitments		4,307		20	3
Commodity contracts		2,110		156	151
Foreign exchange contracts		17,473		191	178
Derivative instruments related to equity linked CDs		33		2	2
Total free-standing derivatives - customer accommodation				1,024	1,008
Total derivatives not designated as qualifying hedging instruments				1,404	1,042
Total			$	2,101	1,046

				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
March 31, 2011 ($ in millions)		Amount		Assets	Liabilities
Qualifying hedging instruments
Fair value hedges:
Interest rate swaps related to long-term debt	$	4,355		376	-
Total fair value hedges				376	-
Cash flow hedges:
Interest rate floors related to C&I loans		1,500		135	-
Interest rate swaps related to C&I loans		2,000		13	15
Interest rate caps related to long-term debt		1,500		4	-
Interest rate swaps related to long-term debt		302		-	8
Total cash flow hedges				152	23
Total derivatives designated as qualifying hedging instruments				528	23
Derivatives not designated as qualifying hedging instruments
Free-standing derivatives - risk management and other business purposes
Interest rate contracts related to MSRs		21,677		138	25
Forward contracts related to held for sale mortgage loans		2,529		3	10
Interest rate swaps related to long-term debt		457		3	7
Foreign exchange contracts for trading purposes		2,202		7	6
Put options associated with sale of the processing business		769		-	8
Stock warrants associated with sale of the processing business		175		76	-
Swap associated with the sale of Visa, Inc. Class B shares		363		-	28
Total free-standing derivatives - risk management and other business purposes				227	84
Free-standing derivatives - customer accommodation:
Interest rate contracts for customers		28,748		629	656
Interest rate lock commitments		1,523		9	1
Commodity contracts		1,949		123	116
Foreign exchange contracts		17,928		308	301
Derivative instruments related to equity linked CDs		54		2	2
Total free-standing derivatives - customer accommodation				1,071	1,076
Total derivatives not designated as qualifying hedging instruments				1,298	1,160
Total			$	1,826	1,183

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		March 31,
For the three months ended ($ in millions)	Statements of Income Caption		2012	2011
Interest rate contracts:
Change in fair value of interest rate swaps hedging long-term debt	Interest on long-term debt	$	(100)	(66)
Change in fair value of hedged long-term debt	Interest on long-term debt		92	65

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

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

For the three months ended March 31: ($ in millions)		2012	2011
Amount of net gain recognized in OCI	$	9	-
Amount of net gain reclassified from OCI into net income		20	15
Amount of ineffectiveness recognized in other noninterest income		-	-

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		March 31,
For the three months ended ($ in millions)	Statements of Income Caption		2012	2011
Interest rate contracts:
Forward contracts related to residential mortgage loans held for sale	Mortgage banking net revenue	$	57	(83)
Interest rate swaps and swaptions related to MSR portfolio	Mortgage banking net revenue		4	(27)
Interest rate swaps related to long-term debt	Other noninterest income		1	2
Foreign exchange contracts:
Foreign exchange contracts for trading purposes	Other noninterest income		-	(1)
Equity contracts:
Warrants associated with sale of the processing business	Other noninterest income		45	(2)
Put options associated with sale of the processing business	Other noninterest income		1	-
Swap associated with sale of Visa, Inc. Class B shares	Other noninterest income		(19)	(9)

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:

		March 31,	December 31,	March 31,
As of ($ in millions)		2012	2011	2011
Pass	$	781	772	756
Special mention		14	14	21
Substandard		29	18	56
Doubtful		-	4	1
Loss		-	-	-
Total	$	824	808	834

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:

	Condensed Consolidated		March 31,
For the three months ended ($ in millions)	Statements of Income Caption		2012	2011
Interest rate contracts:
Interest rate contracts for customers (contract revenue)	Corporate banking revenue	$	6	7
Interest rate contracts for customers (credit losses)	Other noninterest expense		-	(2)
Interest rate contracts for customers (credit portion of fair value adjustment)	Other noninterest expense		3	7
Interest rate lock commitments	Mortgage banking net revenue		50	24
Commodity contracts:
Commodity contracts for customers (contract revenue)	Corporate banking revenue		2	1
Foreign exchange contracts:
Foreign exchange contracts - customers (contract revenue)	Corporate banking revenue		15	16
Foreign exchange contracts - customers (credit portion of fair value adjustment)	Other noninterest expense		2	(5)