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Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2011
Allowance for Credit Losses [Abstract]  
Activity in the Allowance for Credit Losses
 
 
(Dollars in millions)
2011
 
2010
 
2009
Balance at beginning of period

$3,032

 

$3,235

 

$2,379

Allowance recorded upon VIE consolidation
—

 
1

 
—

Provision for loan losses
1,523

 
2,708

 
4,007

(Benefit)/provision for unfunded commitments1
(10
)
 
(57
)
 
87

Loan charge-offs
(2,241
)
 
(3,018
)
 
(3,398
)
Loan recoveries
201

 
163

 
160

Balance at end of period

$2,505

 

$3,032

 

$3,235

Components:
 
 
 
 
 
ALLL

$2,457

 

$2,974

 

$3,120

Unfunded commitments reserve2
48

 
58

 
115

Allowance for credit losses

$2,505

 

$3,032

 

$3,235

1 Beginning in the fourth quarter of 2009, the Company recognized the (benefit)/provision for unfunded commitments within the provision for credit losses in the Consolidated Statements of Income/(Loss). Considering the immateriality of this provision prior to the fourth quarter of 2009, the (benefit)/provision for unfunded commitments remains classified within other noninterest expense in the Consolidated Statements of Income/(Loss).
2 The unfunded commitments reserve is separately recognized in other liabilities in the Consolidated Balance Sheets.
Activity in the ALLL by Segment
 
2011
(Dollars in millions)
Commercial    
 
Residential    
 
Consumer    
 
Total        
Balance at beginning of period

$1,303

 

$1,498

 

$173

 

$2,974

Provision for loan losses
324

 
1,113

 
86

 
1,523

Loan charge-offs
(803
)
 
(1,275
)
 
(163
)
 
(2,241
)
Loan recoveries
140

 
18

 
43

 
201

Balance at end of period

$964

 

$1,354

 

$139

 

$2,457

 
 
 
 
 
 
 
 
 
2010
(Dollars in millions)
Commercial
 
Residential
 
Consumer
 
Total        
Balance at beginning of period

$1,353

 

$1,592

 

$175

 

$3,120

Allowance recorded upon VIE consolidation
—

 
—

 
1

 
1

Provision for loan losses
938

 
1,622

 
148

 
2,708

Loan charge-offs
(1,087
)
 
(1,736
)
 
(195
)
 
(3,018
)
Loan recoveries
99

 
20

 
44

 
163

Balance at end of period

$1,303

 

$1,498

 

$173

 

$2,974
Loans Held for Investment portfolio and Related Allowance for Loan and Lease Losses
 
2011
 
Commercial
 
Residential
 
Consumer
 
Total
(Dollars in millions)
Carrying
Value         
 
Associated
ALLL         
 
Carrying
Value      
 
Associated
ALLL      
 
Carrying
Value      
 
Associated
ALLL      
 
Carrying
Value      
 
Associated
ALLL      
Individually evaluated

$412

 

$34

 

$3,141

 

$405

 

$39

 

$9

 

$3,592

 

$448

Collectively evaluated
55,458

 
930

 
43,088

 
949

 
19,924

 
130

 
118,470

 
2,009

Total evaluated
55,870

 
964

 
46,229

 
1,354

 
19,963

 
139

 
122,062

 
2,457

LHFI at fair value
2

 
—

 
431

 
—

 
—

 
—

 
433

 
—

Total LHFI

$55,872

 

$964

 

$46,660

 

$1,354

 

$19,963

 

$139

 

$122,495

 

$2,457

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
 
Commercial
 
Residential
 
Consumer
 
Total
(Dollars in millions)
Carrying
Value         
 
Associated
ALLL         
 
Carrying
Value      
 
Associated
ALLL      
 
Carrying
Value      
 
Associated
ALLL      
 
Carrying
Value      
 
Associated
ALLL      
Individually evaluated

$906

 

$175

 

$3,166

 

$428

 

$11

 

$2

 

$4,083

 

$605

Collectively evaluated
52,578

 
1,128

 
42,867

 
1,070

 
15,955

 
171

 
111,400

 
2,369

Total evaluated
53,484

 
1,303

 
46,033

 
1,498

 
15,966

 
173

 
115,483

 
2,974

LHFI at fair value
4

 
—

 
488

 
—

 
—

 
—

 
492

 
—

Total LHFI

$53,488

 

$1,303

 

$46,521

 

$1,498

 

$15,966

 

$173

 

$115,975

 

$2,974