XML 86 R29.htm IDEA: XBRL DOCUMENT v2.3.0.15
Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2011
Changes in Carrying Amount of Goodwill by Reportable Segment
(Dollars in millions)
Retail &
Commercial
 
Retail
Banking
 
Diversified
Commercial
Banking
 
CIB
 
W&IM
 
Total
Balance, January 1, 2011

$—

 

$4,854

 

$928

 

$180

 

$361

 

$6,323

Contingent consideration
—

 
—

 
—

 
—

 
1

 
1

Purchase of the assets of an asset management business
—

 
—

 
—

 
—

 
20

 
20

Balance, September 30, 2011

$—

 

$4,854

 

$928

 

$180

 

$382

 

$6,344

 
 
 
 
 
 
 
 
 
 
 
 
Balance, January 1, 2010

$5,739

 

$—

 

$—

 

$223

 

$357

 

$6,319

Intersegment transfers
(5,739
)
 
4,854

 
928

 
(43
)
 
—

 
—

Contingent consideration
—

 
—

 
—

 
—

 
4

 
4

Balance, September 30, 2010

$—

 

$4,854

 

$928

 

$180

 

$361

 

$6,323

Schedule of Finite-Lived Intangible Assets by Major Class [Table Text Block]
(Dollars in millions)
Core Deposit  
Intangibles
 
MSRs -
LOCOM
 
MSRs -
Fair Value
 
Other
 
Total
Balance, January 1, 2011

$67

 

$—

 

$1,439

 

$65

 

$1,571

Amortization
(23
)
 
—

 
—

 
(11
)
 
(34
)
MSRs originated
—

 
—

 
183

 
—

 
183

Sale of MSRs
—

 
—

 
(7
)
 
—

 
(7
)
Changes in fair value:
 
 
 
 
 
 
 
 
 
Due to changes in inputs and assumptions 1
—

 
—

 
(443
)
 
—

 
(443
)
Other changes in fair value 2
—

 
—

 
(139
)
 
—

 
(139
)
Other
—

 
—

 
—

 
7

 
7

Balance, September 30, 2011

$44

 

$—

 

$1,033

 

$61

 

$1,138

 
 
 
 
 
 
 
 
 
 
Balance, January 1, 2010

$104

 

$604

 

$936

 

$67

 

$1,711

Designated at fair value (transfers from amortized cost)
—

 
(604
)
 
604

 
—

 
—

Amortization
(29
)
 
—

 
—

 
(10
)
 
(39
)
MSRs originated
—

 
—

 
198

 
—

 
198

Changes in fair value:
 
 
 
 
 
 
 
 
 
Due to fair value election
—

 
—

 
145

 
—

 
145

Due to changes in inputs and assumptions 1
—

 
—

 
(643
)
 
—

 
(643
)
Other changes in fair value 2
—

 
—

 
(168
)
 
—

 
(168
)
Balance, September 30, 2010

$75

 

$—

 

$1,072

 

$57

 

$1,204

1 Primarily reflects changes in discount rates and prepayment speed assumptions, due to changes in interest rates.
2 Represents changes due to the collection of expected cash flows, net of accretion, due to the passage of time.
Key Characteristics, Inputs, and Economic Assumptions Used to Estimate the Fair Value of the Company's MSRs
(Dollars in millions)
September 30, 2011
 
December 31, 2010
Fair value of retained MSRs

$1,033

 

$1,439

Prepayment rate assumption (annual)
18
%
 
12
%
Decline in fair value from 10% adverse change

$70

 

$50

Decline in fair value from 20% adverse change
134

 
95

Discount rate (annual)
11
%
 
12
%
Decline in fair value from 10% adverse change

$36

 

$68

Decline in fair value from 20% adverse change
70

 
130

Weighted-average life (in years)
4.4

 
6.2

Weighted-average coupon
5.2
%
 
5.4
%