Intangible Assets

9 Months Ended

Sep. 30, 2013

Intangible Assets [Abstract]

Intangible Assets

Note 9: Intangible Assets

The gross carrying value of intangible assets and accumulated amortization was:

			September 30, 2013					December 31, 2012
				Gross			Net	Gross			Net
				carrying	Accumulated		carrying	carrying	Accumulated		carrying
(in millions)				value	amortization		value	value	amortization		value
Amortized intangible assets (1):
	MSRs (2)		$	2,548		(1,344)	1,204	2,317		(1,157)	1,160
	Core deposit intangibles			12,834		(7,850)	4,984	12,836		(6,921)	5,915
	Customer relationship and other intangibles			3,146		(1,995)	1,151	3,147		(1,795)	1,352
		Total amortized intangible assets	$	18,528		(11,189)	7,339	18,300		(9,873)	8,427
Unamortized intangible assets:
	MSRs (carried at fair value) (2)		$	14,501				11,538
	Goodwill			25,637				25,637
	Trademark			14				14

• Excludes fully amortized intangible assets.
• See Note 8for additional information on MSRs.

The following table provides the current year-to-date period and estimated future amortization expense for amortized intangible assets. We based our projections of amortization expense shown below on existing asset balances at September 30, 2013.Future amortization expense may vary from these projections.

					Customer
				Core	relationship
		Amortized		deposit	and other
(in millions)		MSRs	intangibles		intangibles		Total
Nine months ended September 30, 2013 (actual)	$	187		932		200	1,319
Estimate for the remainder of 2013	$	63		310		66	439
Estimate for year ended December 31,
2014		228		1,113		250	1,591
2015		197		1,022		227	1,446
2016		162		919		212	1,293
2017		121		851		194	1,166
2018		88		769		184	1,041

For our goodwill impairment analysis, we allocate all of the goodwill to the individual operating segments. We identify reporting units that are one level below an operating segment (referred to as a component), and distinguish these reporting units based on how the segments and components are managed, taking into consideration the economic characteristics, nature of the products and customers of the components. At the time we acquire a business, we allocate goodwill to applicable reporting units based on their relative fair value, and if we have a significant business reorganization, we may reallocate the goodwill. See Note 18 for further information on management reporting.

The following table shows the allocation of goodwill to our operating segments for purposes of goodwill impairment testing.

						Wealth,
			Community	Wholesale	Brokerage and		Consolidated
(in millions)			Banking	Banking		Retirement		Company
December 31, 2011		$	17,924	6,820		371		25,115
	Goodwill from business combinations		(2)	524		-		522
September 30, 2012		$	17,922	7,344		371		25,637
December 31, 2012 and September 30, 2013		$	17,922	7,344		371		25,637