Common and Preferred Shares and Warrants

12 Months Ended

Dec. 31, 2012

Stockholders' Equity Note [Abstract]

Common And Preferred Shares And Warrants [Text Block]

NOTE 14

Commonand Preferred Shares

The following table shows authorized shares and provides a reconciliation of common shares issued and outstanding for the years ended December 31:

(Millions, except where indicated)		2012	2011	2010
Common shares authorized (billions)(a)		3.6	3.6	3.6
Shares issued and outstanding at beginning of
	year	1,164	1,197	1,192
Repurchases of common shares		(69)	(48)	(14)
Other, primarily stock option exercises
	and restricted stock awards granted	10	15	19
Shares issued and outstanding as of
	December 31	1,105	1,164	1,197

• Of the common shares authorized but unissued as of December 31, 2012, approximately80 million shares are reserved for issuance under employee stock and employee benefit plans.

On March 26, 2012, the Board of Directors authorized the repurchase of 150 million common shares over time, in accordance with the Company's capital plans approved by the Federal Reserve and subject to market conditions. This authorization replaced all prior repurchase authorizations. During 2012 and 2011, the Company repurchased 69 million common shares with a cost basis of $4.0 billion and 48 million common shares with a cost basis of $2.3 billion, respectively. The cost basis includes commissions paid of $1.0 million in both 2012 and 2011. As of December 31, 2012, the Company has 83 million common shares remaining under the Board share repurchase authorization. Such authorization does not have an expiration date.

Common shares are generally retired by the Company upon repurchase (except for 3.9 million, 4.2 million and 4.7 million shares held as treasury shares as of December 31, 2012, 2011 and 2010, respectively); retired common shares and treasury shares are excluded from the shares outstanding in the table above. The treasury shares, with a cost basis of $236 million, $217 million and $219 million as of December 31, 2012, 2011 and 2010, respectively, are included as a reduction to additional paid-in capital in shareholders' equity on the Consolidated Balance Sheets.

The Board of Directors is authorized to permit the Company to issue up to 20 million preferred shares at a par value of $1.662/3 without further shareholder approval. There were no preferred shares issued and outstanding as of December 31, 2012, 2011 and 2010.