Intangible Assets

9 Months Ended

Sep. 30, 2012

Intangible Assets [Abstract]

Intangible Assets

Note 9: Intangible Assets

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

			September 30, 2012					December 31, 2011
				Gross			Net	Gross			Net
				carrying	Accumulated		carrying	carrying	Accumulated		carrying
(in millions)				value	amortization		value	value	amortization		value
Amortized intangible assets (1):
	MSRs (2)		$	2,240		(1,096)	1,144	2,383		(975)	1,408
	Core deposit intangibles			12,836		(6,572)	6,264	15,079		(7,768)	7,311
	Customer relationship and other intangibles			3,184		(1,734)	1,450	3,158		(1,519)	1,639
		Total amortized intangible assets	$	18,260		(9,402)	8,858	20,620		(10,262)	10,358
Unamortized intangible assets:
	MSRs (carried at fair value) (2)		$	10,956				12,603
	Goodwill			25,637				25,115
	Trademark			14				14

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

We based our projections of amortization expense shown below on existing asset balances at September30, 2012. Future amortization expense may vary from these projections.

The following table provides the current year and estimated future amortization expense for amortized intangible assets.

					Customer
				Core	relationship
		Amortized		deposit	and other
(in millions)		MSRs	intangibles		intangibles		Total
Nine months ended September 30, 2012 (actual)	$	172		1,047		215	1,434
Estimate for the remainder of 2012	$	62		348		72	482
Estimate for year ended December 31,
2013		230		1,241		267	1,738
2014		199		1,113		250	1,562
2015		174		1,022		227	1,423
2016		139		919		212	1,270
2017		94		851		195	1,140

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. We allocate goodwill to reporting units based on relative fair value, using certain performance metrics. 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, 2010		$	17,922	6,475		373		24,770
	Reduction in goodwill related to divested businesses		-	(6)		-		(6)
	Goodwill from business combinations		-	274		-		274
September 30, 2011		$	17,922	6,743		373		25,038
December 31, 2011		$	17,924	6,820		371		25,115
	Goodwill from business combinations, net		(2)	524		-		522
September 30, 2012		$	17,922	7,344		371		25,637