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VARIABLE INTEREST ENTITIES (Tables)
 6 Months Ended
Jun. 30, 2013
VARIABLE INTEREST ENTITIES  
Schedule of Consolidated Variable Interest Entities

 

 
  


   
  


   
  
   
 
   VIE Assets(a)   VIE Liabilities  
(in billions)
  

June 30,
2013

   December 31,
2012
  

June 30,
2013

   December 31,
2012
  
   

ALICO SPV(b)

  
$
–
 
 $ 0.6  
$
0.1
 
 $ 0.1  

Real estate and investment funds(c)

  
 
1.0
 
   1.4  
 
0.1
 
   0.2  

Securitization vehicles

  
 
4.9
 
   2.4  
 
0.1
 
   –  

Structured investment vehicles

  
 
1.5
 
   1.7  
 
0.1
 
   0.1  

Affordable housing partnerships

  
 
2.2
 
   2.3  
 
0.3
 
   0.2  

Other

  
 
3.2
 
   3.3  
 
0.8
 
   1.3
   

Total

  
$
12.8
 
 $ 11.7  
$
1.5
 
 $ 1.9
   

(a)  The assets of each VIE can be used only to settle specific obligations of that VIE.

(b)  On May 1, 2013, escrowed funds totaling $547 million were released in accordance with the ALICO stock purchase agreement. See Note 10 for additional information.

(c)  At June 30, 2013 and December 31, 2012, off-balance sheet exposure with respect to real estate and investment funds was $50.9 million and $48.7 million, respectively.
Schedule of Unconsolidated Variable Interest Entities
   
 
    
   Maximum Exposure to Loss  
(in billions)
   Total VIE
Assets
   On-Balance
Sheet
   Off-Balance
Sheet
   Total
  
   

June 30, 2013

                          

Real estate and investment funds

   $ 17.7   $ 2.2   $ 0.2   $ 2.4  

Affordable housing partnerships

     0.5     0.5     –     0.5  

Other

     1.1     0.1     –     0.1
   

Total

   $ 19.3   $ 2.8   $ 0.2   $ 3.0
   

December 31, 2012

                          

Real estate and investment funds

   $ 16.7   $ 1.8   $ 0.2   $ 2.0  

Affordable housing partnerships

     0.5     0.5     –     0.5  

Other

     1.0     0.1     –     0.1
   

Total

   $ 18.2   $ 2.4   $ 0.2   $ 2.6
   
Schedule of Assets And Liabilities of Variable Interest Entities by Balance Sheets Location
 
  


   
  


   
  
   
 
   Consolidated VIEs   Unconsolidated VIEs  
(in billions)
  

June 30,
2013

   December 31,
2012
  

June 30,
2013

   December 31,
2012
  
   

Assets:

  
 
 
 
      
 
 
 
      

Available for sale securities

  
$
5.3
 
 $ 2.9  
$
–
 
 $ –  

Trading securities

  
 
0.9
 
   1.0  
 
0.1
 
   0.1  

Mortgage and other loans receivable

  
 
0.3
 
   0.4  
 
–
 
   –  

Other invested assets

  
 
4.0
 
   4.4  
 
2.7
 
   2.3  

Other assets

  
 
2.3
 
   3.0  
 
–
 
   –
   

Total assets

  
$
12.8
 
 $ 11.7  
$
2.8
 
 $ 2.4
   

Liabilities:

  
 
 
 
      
 
 
 
      

Long-term debt

  
$
0.7
 
 $ 0.7  
$
–
 
 $ –  

Other liabilities

  
 
0.8
 
   1.2  
 
–
 
   –
   

Total liabilities

  
$
1.5
 
 $ 1.9  
$
–
 
 $ –