Loans and Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2012

Composition of Loan Portfolio

The composition of the loan portfolio at December 31, disaggregated by class and underlying specific portfolio type, was as follows:

(Dollars in Millions)	2012		2011
Commercial
Commercial	$	60,742	$	50,734
Lease financing		5,481		5,914
Total commercial		66,223		56,648
Commercial Real Estate
Commercial mortgages		31,005		29,664
Construction and development		5,948		6,187
Total commercial real estate		36,953		35,851
Residential Mortgages
Residential mortgages		32,648		28,669
Home equity loans, first liens		11,370		8,413
Total residential mortgages		44,018		37,082
Credit Card		17,115		17,360
Other Retail
Retail leasing		5,419		5,118
Home equity and second mortgages		16,726		18,131
Revolving credit		3,332		3,344
Installment		5,463		5,348
Automobile		12,593		11,508
Student		4,179		4,658
Total other retail		47,712		48,107
Total loans, excluding covered loans		212,021		195,048
Covered Loans		11,308		14,787
Total loans	$	223,329	$	209,835

Changes in Accretable Balance for Purchased Impaired Loans

Changes in the accretable balance for all purchased impaired loans, including those acquired in the BankEast transaction, for the years ended December 31, were as follows:

(Dollars in Millions)	2012			2011			2010
Balance at beginning of period	$	2,619		$	2,890		$	2,845
Purchases		13			100			–
Accretion		(437	)		(451	)		(421	)
Disposals		(208	)		(67	)		(27	)
Reclassifications (to)/from nonaccretable difference (a)		454			184			536
Other (b)		(732	)		(37	)		(43	)
Balance at end of period	$	1,709		$	2,619		$	2,890

(a) Primarily relates to changes in expected credit performance.

(b) Primarily relates to changes in variable rates, and in 2012 to a change in the Company’s expectations regarding potential sale of modified covered loans at the end of the indemnification agreements which results in a reduction in the expected contractual interest payments included in the accretable balance for those loans that may be sold.

Activity in Allowance for Credit Losses

Activity in the allowance for credit losses by portfolio class was as follows:

(Dollars in Millions)	Commercial			Commercial Real Estate			Residential Mortgages			Credit Card			Other Retail			Total Loans, Excluding Covered Loans			Covered Loans			Total Loans
Balance at December 31, 2009	$	1,208		$	1,001		$	672		$	1,495		$	871		$	5,247		$	17		$	5,264
Add
Provision for credit losses		723			1,135			694			1,100			681			4,333			23			4,356
Deduct
Loans charged off		918			871			554			1,270			863			4,476			20			4,496
Less recoveries of loans charged off		(91	)		(26	)		(8	)		(70	)		(118	)		(313	)		(2	)		(315	)
Net loans charged off		827			845			546			1,200			745			4,163			18			4,181
Net change for credit losses to be reimbursed by the FDIC		–			–			–			–			–			–			92			92
Balance at December 31, 2010	$	1,104		$	1,291		$	820		$	1,395		$	807		$	5,417		$	114		$	5,531
Add
Provision for credit losses		312			361			596			431			628			2,328			15			2,343
Deduct
Loans charged off		516			543			502			922			733			3,216			13			3,229
Less recoveries of loans charged off		(110	)		(45	)		(13	)		(88	)		(129	)		(385	)		(1	)		(386	)
Net loans charged off		406			498			489			834			604			2,831			12			2,843
Net change for credit losses to be reimbursed by the FDIC		–			–			–			–			–			–			(17	)		(17	)
Balance at December 31, 2011	$	1,010		$	1,154		$	927		$	992		$	831		$	4,914		$	100		$	5,014
Add
Provision for credit losses		316			(131	)		446			571			558			1,760			122			1,882
Deduct
Loans charged off		378			242			461			769			666			2,516			11			2,527
Less recoveries of loans charged off		(103	)		(76	)		(23	)		(102	)		(125	)		(429	)		(1	)		(430	)
Net loans charged off		275			166			438			667			541			2,087			10			2,097
Net change for credit losses to be reimbursed by the FDIC		–			–			–			–			–			–			(33	)		(33	)
Other changes		–			–			–			(33	)		–			(33	)		–			(33	)
Balance at December 31, 2012	$	1,051		$	857		$	935		$	863		$	848		$	4,554		$	179		$	4,733

Additional Detail of Allowance for Credit Losses and Related Loan Balances by Portfolio Type

Additional detail of the allowance for credit losses by portfolio class was as follows:

(Dollars in Millions)	Commercial		Commercial Real Estate		Residential Mortgages		Credit Card		Other Retail		Total Loans, Excluding Covered Loans		Covered Loans		Total Loans
Allowance Balance at December 31, 2012 Related to
Loans individually evaluated for impairment (a)	$	10	$	30	$	–	$	–	$	–	$	40	$	–	$	40
TDRs collectively evaluated for impairment		28		29		446		153		97		753		1		754
Other loans collectively evaluated for impairment		1,013		791		489		710		751		3,754		17		3,771
Loans acquired with deteriorated credit quality		–		7		–		–		–		7		161		168
Total allowance for credit losses	$	1,051	$	857	$	935	$	863	$	848	$	4,554	$	179	$	4,733
Allowance Balance at December 31, 2011 Related to
Loans individually evaluated for impairment (a)	$	16	$	61	$	1	$	–	$	–	$	78	$	2	$	80
TDRs collectively evaluated for impairment		40		33		490		219		57		839		–		839
Other loans collectively evaluated for impairment		954		1,057		436		773		774		3,994		22		4,016
Loans acquired with deteriorated credit quality		–		3		–		–		–		3		76		79
Total allowance for credit losses	$	1,010	$	1,154	$	927	$	992	$	831	$	4,914	$	100	$	5,014

(a) Represents the allowance for credit losses related to loans greater than $5 million classified as nonperforming or TDRs.

Additional detail of loan balances by portfolio class was as follows:

(Dollars in Millions)	Commercial		Commercial Real Estate		Residential Mortgages		Credit Card		Other Retail		Total Loans, Excluding Covered Loans		Covered Loans (b)		Total Loans
December 31, 2012
Loans individually evaluated for impairment (a)	$	171	$	510	$	–	$	–	$	–	$	681	$	48	$	729
TDRs collectively evaluated for impairment		185		391		4,199		442		313		5,530		145		5,675
Other loans collectively evaluated for impairment		65,863		35,952		39,813		16,673		47,399		205,700		5,814		211,514
Loans acquired with deteriorated credit quality		4		100		6		–		–		110		5,301		5,411
Total loans	$	66,223	$	36,953	$	44,018	$	17,115	$	47,712	$	212,021	$	11,308	$	223,329
December 31, 2011
Loans individually evaluated for impairment (a)	$	222	$	812	$	6	$	–	$	–	$	1,040	$	204	$	1,244
TDRs collectively evaluated for impairment		277		331		3,430		584		148		4,770		113		4,883
Other loans collectively evaluated for impairment		56,138		34,574		33,642		16,776		47,959		189,089		8,616		197,705
Loans acquired with deteriorated credit quality		11		134		4		–		–		149		5,854		6,003
Total loans	$	56,648	$	35,851	$	37,082	$	17,360	$	48,107	$	195,048	$	14,787	$	209,835

(a) Represents loans greater than $5 million classified as nonperforming or TDRs.

(b) Includes expected reimbursements from the FDIC under loss sharing agreements.

Summary of Loans by Portfolio Type

The following table provides a summary of loans by portfolio class, including the delinquency status of those that continue to accrue interest, and those that are nonperforming:

	Accruing
(Dollars in Millions)	Current		30-89 Days Past Due		90 Days or More Past Due		Nonperforming		Total
December 31, 2012
Commercial	$	65,701	$	341	$	58	$	123	$	66,223
Commercial real estate		36,241		158		8		546		36,953
Residential mortgages (a)		42,728		348		281		661		44,018
Credit card		16,525		227		217		146		17,115
Other retail		47,109		290		96		217		47,712
Total loans, excluding covered loans		208,304		1,364		660		1,693		212,021
Covered loans		9,900		359		663		386		11,308
Total loans	$	218,204	$	1,723	$	1,323	$	2,079	$	223,329
December 31, 2011
Commercial	$	55,991	$	300	$	45	$	312	$	56,648
Commercial real estate		34,800		138		14		899		35,851
Residential mortgages (a)		35,664		404		364		650		37,082
Credit card		16,662		238		236		224		17,360
Other retail		47,516		340		184		67		48,107
Total loans, excluding covered loans		190,633		1,420		843		2,152		195,048
Covered loans		12,589		362		910		926		14,787
Total loans	$	203,222	$	1,782	$	1,753	$	3,078	$	209,835

(a) At December 31, 2012, $441 million of loans 30 – 89 days past due and $3.2 billion of loans 90 days or more past due purchased from Government National Mortgage Association (“GNMA”) mortgage pools whose repayments are insured by the Federal Housing Administration or guaranteed by the Department of Veterans Affairs, were classified as current, compared with $545 million and $2.6 billion at December 31, 2011, respectively.

Summary of Loans by Portfolio Type and Company's Internal Credit Quality Rating

The following table provides a summary of loans by portfolio class and the Company’s internal credit quality rating:

			Criticized
(Dollars in Millions)	Pass		Special Mention		Classified (a)		Total Criticized		Total
December 31, 2012
Commercial	$	63,906	$	1,114	$	1,203	$	2,317	$	66,223
Commercial real estate		34,096		621		2,236		2,857		36,953
Residential mortgages (b)		42,897		18		1,103		1,121		44,018
Credit card		16,752		–		363		363		17,115
Other retail		47,294		36		382		418		47,712
Total loans, excluding covered loans		204,945		1,789		5,287		7,076		212,021
Covered loans		10,786		61		461		522		11,308
Total loans	$	215,731	$	1,850	$	5,748	$	7,598	$	223,329
Total outstanding commitments	$	442,047	$	3,231	$	6,563	$	9,794	$	451,841
December 31, 2011
Commercial	$	54,003	$	1,047	$	1,598	$	2,645	$	56,648
Commercial real estate		30,733		793		4,325		5,118		35,851
Residential mortgages (b)		35,814		19		1,249		1,268		37,082
Credit card		16,910		–		450		450		17,360
Other retail		47,665		24		418		442		48,107
Total loans, excluding covered loans		185,125		1,883		8,040		9,923		195,048
Covered loans		13,966		187		634		821		14,787
Total loans	$	199,091	$	2,070	$	8,674	$	10,744	$	209,835
Total outstanding commitments	$	410,457	$	3,418	$	9,690	$	13,108	$	423,565

(a) Classified rating on consumer loans primarily based on delinquency status.

(b) At December 31, 2012, $3.2 billion of GNMA loans 90 days or more past due and $2.4 billion of restructured GNMA loans whose repayments are insured by the Federal Housing Administration or guaranteed by the Department of Veterans Affairs were classified with a pass rating, compared with $2.6 billion and $2.0 billion at December 31, 2011, respectively.

Summary of Impaired Loans by Portfolio Class

For all loan classes, a loan is considered to be impaired when, based on current events or information, it is probable the Company will be unable to collect all amounts due per the contractual terms of the loan agreement. A summary of impaired loans, which include all nonaccrual and TDR loans, by portfolio class was as follows:

(Dollars in Millions)	Period-end Recorded Investment (a)		Unpaid Principal Balance		Valuation Allowance		Commitments to Lend Additional Funds
December 31, 2012
Commercial	$	404	$	1,200	$	40	$	39
Commercial real estate		1,077		2,251		70		4
Residential mortgages		2,748		3,341		415		–
Credit card		442		442		153		–
Other retail		443		486		101		3
Total impaired loans, excluding GNMA and covered loans		5,114		7,720		779		46
Loans purchased from GNMA mortgage pools		1,778		1,778		39		–
Covered loans		767		1,584		20		12
Total	$	7,659	$	11,082	$	838	$	58
December 31, 2011
Commercial	$	657	$	1,437	$	62	$	68
Commercial real estate		1,436		2,503		124		25
Residential mortgages		2,652		3,193		482		2
Credit card		584		584		219		–
Other retail		188		197		57		–
Total impaired loans, excluding GNMA and covered loans		5,517		7,914		944		95
Loans purchased from GNMA mortgage pools		1,265		1,265		18		–
Covered loans		1,170		1,642		43		49
Total	$	7,952	$	10,821	$	1,005	$	144

(a) Substantially all loans classified as impaired at December 31, 2012 and 2011, had an associated allowance for credit losses. The total amount of interest income recognized during 2012 on loans classified as impaired at December 31, 2012, excluding those acquired with deteriorated credit quality, was $222 million, compared to what would have been recognized at the original contractual terms of the loans of $410 million.

Additional Information on Impaired Loans

Additional information on impaired loans for the years ended December 31 follows:

(Dollars in Millions)	Average Recorded Investment		Interest Income Recognized
2012
Commercial	$	470	$	18
Commercial real estate		1,314		43
Residential mortgages		2,717		130
Credit card		510		28
Other retail		301		19
Total impaired loans, excluding GNMA and covered loans		5,312		238
Loans purchased from GNMA mortgage pools		1,448		73
Covered loans		980		29
Total	$	7,740	$	340
2011
Commercial	$	534	$	12
Commercial real estate		1,537		18
Residential mortgages		2,557		100
Credit card		485		15
Other retail		164		5
Total impaired loans, excluding GNMA and covered loans		5,277		150
Loans purchased from GNMA mortgage pools		710		25
Covered loans		780		11
Total	$	6,767	$	186
2010
Commercial	$	693	$	8
Commercial real estate		1,601		2
Residential mortgages		2,297		72
Credit card		418		11
Other retail		150		6
Total	$	5,159	$	99

Loans Modified as TDRs

The following table provides a summary of loans modified as TDRs for the years ended December 31, by portfolio class:

(Dollars in Millions)	Number of Loans		Pre-Modification Outstanding Loan Balance		Post-Modification Outstanding Loan Balance
2012
Commercial		4,843	$	307	$	272
Commercial real estate		312		493		461
Residential mortgages		4,616		638		623
Credit card		49,320		241		255
Other retail		10,461		279		275
Total loans, excluding GNMA and covered loans		69,552		1,958		1,886
Loans purchased from GNMA mortgage pools		9,518		1,280		1,245
Covered loans		192		277		263
Total loans		79,262	$	3,515	$	3,394
2011
Commercial		5,285	$	456	$	427
Commercial real estate		506		1,078		1,060
Residential mortgages		3,611		708		704
Credit card		55,951		322		321
Other retail		4,028		73		72
Total loans, excluding GNMA and covered loans		69,381		2,637		2,584
Loans purchased from GNMA mortgage pools		9,569		1,277		1,356
Covered loans		283		604		575
Total loans		79,233	$	4,518	$	4,515

Loans Modified as TDRs have Subsequently been Fully or Partially Charged-Off

The following table provides a summary of TDR loans that defaulted (fully or partially charged-off or became 90 days or more past due) for the years ended December 31, that were modified as TDRs within 12 months previous to default.

(Dollars in Millions)	Number of Loans		Amount Defaulted
2012
Commercial		859	$	48
Commercial real estate		111		232
Residential mortgages		1,073		146
Credit card		9,774		54
Other retail		1,818		56
Total loans, excluding GNMA and covered loans		13,635		536
Loans purchased from GNMA mortgage pools		1,245		177
Covered loans		68		97
Total loans		14,948	$	810
2011
Commercial		665	$	26
Commercial real estate		64		67
Residential mortgages		623		127
Credit card		7,108		36
Other retail		557		13
Total loans, excluding GNMA and covered loans		9,017		269
Loans purchased from GNMA mortgage pools		857		124
Covered loans		11		26
Total loans		9,885	$	419

Carrying Amount of Covered Assets

The carrying amount of the covered assets at December 31, consisted of purchased impaired loans, purchased nonimpaired loans, and other assets as shown in the following table:

	2012								2011
(Dollars in Millions)	Purchased Impaired Loans		Purchased Nonimpaired Loans		Other Assets		Total		Purchased Impaired Loans		Purchased Nonimpaired Loans		Other Assets		Total
Commercial loans	$	–	$	143	$	–	$	143	$	68	$	137	$	–	$	205
Commercial real estate loans		1,323		2,695		–		4,018		1,956		4,037		–		5,993
Residential mortgage loans		3,978		1,109		–		5,087		3,830		1,360		–		5,190
Credit card loans		–		5		–		5		–		6		–		6
Other retail loans		–		775		–		775		–		867		–		867
Losses reimbursable by the FDIC (a)		–		–		1,280		1,280		–		–		2,526		2,526
Covered loans		5,301		4,727		1,280		11,308		5,854		6,407		2,526		14,787
Foreclosed real estate		–		–		197		197		–		–		274		274
Total covered assets	$	5,301	$	4,727	$	1,477	$	11,505	$	5,854	$	6,407	$	2,800	$	15,061

(a) Relates to loss sharing agreements with remaining terms from 2 to 7 years.

Commercial Loans by Industry Group and Geography Excluding Covered Loans

Commercial Loans by Industry Group and Geography

	December 31, 2012					December 31, 2011
(Dollars in Millions)	Loans		Percent			Loans		Percent
Industry Group
Manufacturing	$	9,518		14.4	%	$	8,085		14.3	%
Finance and insurance		6,579		9.9			5,749		10.1
Wholesale trade		6,297		9.5			5,485		9.7
Real estate, rental and leasing		5,855		8.8			4,229		7.5
Retail trade		4,735		7.2			3,683		6.5
Healthcare and social assistance		4,733		7.1			3,850		6.8
Public administration		4,709		7.1			3,695		6.5
Transport and storage		2,549		3.9			2,409		4.3
Information		2,203		3.3			2,115		3.7
Professional, scientific and technical services		2,185		3.3			1,932		3.4
Arts, entertainment and recreation		2,124		3.2			2,046		3.6
Mining		2,122		3.2			1,987		3.5
Educational services		1,964		3.0			1,422		2.5
Other services		1,670		2.5			1,760		3.1
Agriculture, forestry, fishing and hunting		1,553		2.4			1,429		2.5
Utilities		1,390		2.1			1,272		2.3
Other		6,037		9.1			5,500		9.7
Total	$	66,223		100.0	%	$	56,648		100.0	%
Geography
California	$	8,081		12.2	%	$	6,664		11.8	%
Colorado		2,722		4.1			2,292		4.0
Illinois		3,544		5.3			3,110		5.5
Minnesota		4,720		7.1			3,968		7.0
Missouri		2,922		4.4			2,499		4.4
Ohio		3,240		4.9			3,050		5.4
Oregon		1,792		2.7			1,514		2.7
Washington		2,626		4.0			2,568		4.5
Wisconsin		2,727		4.1			2,357		4.2
Iowa, Kansas, Nebraska, North Dakota, South Dakota		4,244		6.4			3,586		6.3
Arkansas, Indiana, Kentucky, Tennessee		3,545		5.4			3,246		5.7
Idaho, Montana, Wyoming		1,096		1.7			1,113		2.0
Arizona, Nevada, New Mexico, Utah		2,435		3.7			2,351		4.1
Total banking region		43,694		66.0			38,318		67.6
Florida, Michigan, New York, Pennsylvania, Texas		11,082		16.7			9,204		16.3
All other states		11,447		17.3			9,126		16.1
Total outside Company’s banking region		22,529		34.0			18,330		32.4
Total	$	66,223		100.0	%	$	56,648		100.0	%

Commercial Real Estate by Property Type and Geography Excluding Covered Loans

Commercial Real Estate Loans by Property Type and Geography

	December 31, 2012					December 31, 2011
(Dollars in Millions)	Loans		Percent			Loans		Percent
Property Type
Business owner occupied	$	11,405		30.9	%	$	11,756		32.8	%
Commercial property
Industrial		1,586		4.3			1,561		4.4
Office		4,833		13.1			4,590		12.8
Retail		4,537		12.3			4,402		12.3
Other commercial		3,735		10.1			3,632		10.1
Homebuilders
Condominiums		146		.4			283		.8
Other residential		996		2.7			988		2.8
Multi-family		6,857		18.5			6,293		17.5
Hotel/motel		2,569		6.9			2,041		5.7
Health care facilities		289		.8			305		.8
Total	$	36,953		100.0	%	$	35,851		100.0	%
Geography
California	$	8,039		21.8	%	$	7,634		21.3	%
Colorado		1,644		4.5			1,569		4.4
Illinois		1,555		4.2			1,411		3.9
Minnesota		1,958		5.3			1,891		5.3
Missouri		1,560		4.2			1,599		4.4
Ohio		1,512		4.1			1,436		4.0
Oregon		1,921		5.2			1,961		5.5
Washington		3,586		9.7			3,540		9.9
Wisconsin		2,011		5.4			1,892		5.3
Iowa, Kansas, Nebraska, North Dakota, South Dakota		2,349		6.4			2,295		6.4
Arkansas, Indiana, Kentucky, Tennessee		1,886		5.1			1,736		4.8
Idaho, Montana, Wyoming		1,156		3.1			1,183		3.3
Arizona, Nevada, New Mexico, Utah		2,958		8.0			3,189		8.9
Total banking region		32,135		87.0			31,336		87.4
Florida, Michigan, New York, Pennsylvania, Texas		2,405		6.5			2,470		6.9
All other states		2,413		6.5			2,045		5.7
Total outside Company’s banking region		4,818		13.0			4,515		12.6
Total	$	36,953		100.0	%	$	35,851		100.0	%

Summary of Nonperforming Assets

  TABLE 16   Nonperforming Assets (a)

At December 31 (Dollars in Millions)	2012			2011			2010			2009			2008
Commercial
Commercial	$	107		$	280		$	519		$	866		$	290
Lease financing		16			32			78			125			102
Total commercial		123			312			597			991			392
Commercial Real Estate
Commercial mortgages		308			354			545			581			294
Construction and development		238			545			748			1,192			780
Total commercial real estate		546			899			1,293			1,773			1,074
Residential Mortgages (b)		661			650			636			467			210
Credit Card		146			224			228			142			67
Other Retail
Retail leasing		1			–			–			–			–
Other		216			67			65			62			25
Total other retail		217			67			65			62			25
Total nonperforming loans, excluding covered loans		1,693			2,152			2,819			3,435			1,768
Covered Loans		386			926			1,244			1,350			369
Total nonperforming loans		2,079			3,078			4,063			4,785			2,137
Other Real Estate (c) (d)		381			404			511			437			190
Covered Other Real Estate (d)		197			274			453			653			274
Other Assets		14			18			21			32			23
Total nonperforming assets	$	2,671		$	3,774		$	5,048		$	5,907		$	2,624
Total nonperforming assets, excluding covered assets	$	2,088		$	2,574		$	3,351		$	3,904		$	1,981
Excluding Covered Assets
Accruing loans 90 days or more past due (b)	$	660		$	843		$	1,094		$	1,525		$	967
Nonperforming loans to total loans		.80	%		1.10	%		1.57	%		1.99	%		1.02	%
Nonperforming assets to total loans plus other real estate (c)		.98	%		1.32	%		1.87	%		2.25	%		1.14	%
Including Covered Assets
Accruing loans 90 days or more past due (b)	$	1,323		$	1,753		$	2,184		$	2,309		$	1,554
Nonperforming loans to total loans		.93	%		1.47	%		2.06	%		2.46	%		1.16	%
Nonperforming assets to total loans plus other real estate (c)		1.19	%		1.79	%		2.55	%		3.02	%		1.42	%

Changes in Nonperforming Assets
(Dollars in Millions)	Commercial and Commercial Real Estate			Credit Card, Other Retail and Residential Mortgages (f)			Covered Assets			Total
Balance December 31, 2011	$	1,475		$	1,099		$	1,200		$	3,774
Additions to nonperforming assets
New nonaccrual loans and foreclosed properties		864			1,203			267			2,334
Advances on loans		46			–			–			46
Total additions		910			1,203			267			2,380
Reductions in nonperforming assets
Paydowns, payoffs		(711	)		(301	)		(598	)		(1,610	)
Net sales		(344	)		(135	)		(237	)		(716	)
Return to performing status		(43	)		(137	)		(36	)		(216	)
Charge-offs (e)		(507	)		(421	)		(13	)		(941	)
Total reductions		(1,605	)		(994	)		(884	)		(3,483	)
Net additions to (reductions in) nonperforming assets		(695	)		209			(617	)		(1,103	)
Balance December 31, 2012	$	780		$	1,308		$	583		$	2,671

(a) Throughout this document, nonperforming assets and related ratios do not include accruing loans 90 days or more past due.

(b) Excludes $3.2 billion, $2.6 billion, $2.6 billion, $2.2 billion and $1.1 billion at December 31, 2012, 2011, 2010, 2009 and 2008, respectively, of loans purchased from GNMA mortgage pools that are 90 days or more past due that continue to accrue interest, as their repayments are primarily insured by the Federal Housing Administration or guaranteed by the Department of Veterans Affairs.

(c) Foreclosed GNMA loans of $548 million, $692 million, $575 million, $359 million and $209 million at December 31, 2012, 2011, 2010, 2009 and 2008, respectively, continue to accrue interest and are recorded as other assets and excluded from nonperforming assets because they are insured by the Federal Housing Administration or guaranteed by the Department of Veterans Affairs.

(d) Includes equity investments in entities whose principal assets are other real estate owned.

(e) Charge-offs exclude actions for certain card products and loan sales that were not classified as nonperforming at the time the charge-off occurred.

(f) Residential mortgage information excludes changes related to residential mortgages serviced by others.