Loans (Tables)

6 Months Ended

Jun. 30, 2012



(Dollars in millions)	June 30, 2012		December 31, 2011
Commercial loans:
Commercial & industrial		$52,030		$49,538
Commercial real estate	4,825		5,094
Commercial construction	959		1,240
Total commercial loans	57,814		55,872
Residential loans:
Residential mortgages - guaranteed	5,663		6,672
Residential mortgages - nonguaranteed¹	24,405		23,243
Home equity products	15,281		15,765
Residential construction	853		980
Total residential loans	46,202		46,660
Consumer loans:
Guaranteed student loans	7,248		7,199
Other direct	2,225		2,059
Indirect	10,506		10,165
Credit cards	565		540
Total consumer loans	20,544		19,963
LHFI		$124,560		$122,495
LHFS		$3,123		$2,353

¹Includes $405 million and $431 million of loans carried at fair value at June 30, 2012 and December 31, 2011, respectively.

LHFI by Credit Quality Indicator



	Commercial & industrial				Commercial real estate				Commercial construction
(Dollars in millions)	June 30, 2012		December 31, 2011		June 30, 2012		December 31, 2011		June 30, 2012		December 31, 2011
Credit rating:
Pass		$50,130		$47,683		$3,836		$3,845		$581		$581
Criticized accruing	1,569		1,507		756		961		247		369
Criticized nonaccruing	331		348		233		288		131		290
Total		$52,030		$49,538		$4,825		$5,094		$959		$1,240



	Residential mortgages - nonguaranteed ²				Home equity products				Residential construction
(Dollars in millions)	June 30, 2012		December 31, 2011		June 30, 2012		December 31, 2011		June 30, 2012		December 31, 2011
Current FICO score range:
700 and above		$17,567		$16,139		$11,583		$11,084		$613		$661
620 - 699	4,149		4,132		2,405		2,903		158		202
Below 620¹	2,689		2,972		1,293		1,778		82		117
Total		$24,405		$23,243		$15,281		$15,765		$853		$980



	Consumer - other direct				Consumer - indirect				Consumer - credit cards
(Dollars in millions)	June 30, 2012		December 31, 2011		June 30, 2012		December 31, 2011		June 30, 2012		December 31, 2011
Current FICO score range:
700 and above		$1,829		$1,614		$7,965		$7,397		$379		$347
620 - 699	325		359		1,886		1,990		142		142
Below 620¹	71		86		655		778		44		51
Total		$2,225		$2,059		$10,506		$10,165		$565		$540

¹For substantially all loans with refreshed FICO scores below 620, the borrower’s FICO score at the time of origination exceeded 620 but has since deteriorated as the loan has seasoned.

²Excludes $5.7 billion and $6.7 billion at June 30, 2012 and December 31, 2011, respectively, of guaranteed residential loans. At both June 30, 2012 and December 31, 2011, the majority of these loans had FICO scores of 700 and above.

Payment Status for the LHFI Portfolio



	As of June 30, 2012
(Dollars in millions)	Accruing Current		Accruing 30-89 Days Past Due		Accruing 90+ Days Past Due		Nonaccruing ²		Total
Commercial loans:
Commercial & industrial		$51,600		$76		$23		$331		$52,030
Commercial real estate	4,582		8		2		233		4,825
Commercial construction	826		2		—		131		959
Total commercial loans	57,008		86		25		695		57,814
Residential loans:
Residential mortgages - guaranteed	4,357		144		1,162		—		5,663
Residential mortgages - nonguaranteed¹	22,834		255		30		1,286		24,405
Home equity products	14,828		151		—		302		15,281
Residential construction	691		7		1		154		853
Total residential loans	42,710		557		1,193		1,742		46,202
Consumer loans:
Guaranteed student loans	5,746		583		919		—		7,248
Other direct	2,201		14		6		4		2,225
Indirect	10,443		45		1		17		10,506
Credit cards	553		6		6		—		565
Total consumer loans	18,943		648		932		21		20,544
Total LHFI		$118,661		$1,291		$2,150		$2,458		$124,560

¹Includes $405 million of loans carried at fair value.

²Total nonaccruing loans past due 90 days or more totaled $2.0 billion. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs.



	As of December 31, 2011
(Dollars in millions)	Accruing Current		Accruing 30-89 Days Past Due		Accruing 90+ Days Past Due		Nonaccruing ²		Total
Commercial loans:
Commercial & industrial		$49,098		$80		$12		$348		$49,538
Commercial real estate	4,797		9		—		288		5,094
Commercial construction	943		7		—		290		1,240
Total commercial loans	54,838		96		12		926		55,872
Residential loans:
Residential mortgages - guaranteed	5,394		176		1,102		—		6,672
Residential mortgages - nonguaranteed¹	21,501		324		26		1,392		23,243
Home equity products	15,223		204		—		338		15,765
Residential construction	737		22		1		220		980
Total residential loans	42,855		726		1,129		1,950		46,660
Consumer loans:
Guaranteed student loans	5,690		640		869		—		7,199
Other direct	2,032		14		6		7		2,059
Indirect	10,074		66		5		20		10,165
Credit cards	526		7		7		—		540
Total consumer loans	18,322		727		887		27		19,963
Total LHFI		$116,015		$1,549		$2,028		$2,903		$122,495

¹Includes $431 million of loans carried at fair value.

²Total nonaccruing loans past due 90 days or more totaled $2.3 billion. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs.

LHFI Considered Impaired



	As of June 30, 2012						Three Months Ended June 30, 2012				Six Months Ended June 30, 2012
(Dollars in millions)	Unpaid Principal Balance		Amortized Cost¹		Related Allowance		Average Amortized Cost		Interest Income Recognized²		Average Amortized Cost		Interest Income Recognized²
Impaired loans with no related allowance recorded:
Commercial loans:
Commercial & industrial		$45		$37		$—		$37		$—		$38		$—
Commercial real estate	83		51		—		59		1		63		1
Commercial construction	28		17		—		28		—		32		—
Total commercial loans	156		105		—		124		1		133		1
Impaired loans with an allowance recorded:
Commercial loans:
Commercial & industrial	90		74		7		81		—		83		—
Commercial real estate	92		76		7		82		—		84		—
Commercial construction	68		63		4		66		—		67		1
Total commercial loans	250		213		18		229		—		234		1
Residential loans:
Residential mortgages - nonguaranteed	2,659		2,255		238		2,255		20		2,260		42
Home equity products	577		534		92		535		7		539		13
Residential construction	274		227		25		232		3		237		5
Total residential loans	3,510		3,016		355		3,022		30		3,036		60
Consumer loans:
Other direct	12		12		1		12		—		12		—
Indirect	14		14		—		14		1		15		1
Credit cards	25		25		7		25		—		26		1
Total consumer loans	51		51		8		51		1		53		2
Total impaired loans		$3,967		$3,385		$381		$3,426		$32		$3,456		$64

¹Amortized cost reflects charge-offs that have been recognized plus other amounts that have been applied to reduce the net book balance.

²Of the interest income recognized for the three and six months ended June 30, 2012, cash basis interest income was $4 million and $8 million, respectively.



	As of December 31, 2011						Year Ended December 31, 2011
(Dollars in millions)	Unpaid Principal Balance		Amortized Cost¹		Related Allowance		Average Amortized Cost		Interest Income Recognized²
Impaired loans with no related allowance recorded:
Commercial loans:
Commercial & industrial		$93		$73		$—		$109		$3
Commercial real estate	58		50		—		56		1
Commercial construction	45		40		—		47		1
Total commercial loans	196		163		—		212		5
Impaired loans with an allowance recorded:
Commercial loans:
Commercial & industrial	76		67		9		68		1
Commercial real estate	111		82		15		103		2
Commercial construction	132		100		10		121		2
Total commercial loans	319		249		34		292		5
Residential loans:
Residential mortgages - nonguaranteed	2,797		2,405		293		2,451		88
Home equity products	553		515		86		528		23
Residential construction	246		221		26		229		8
Total residential loans	3,596		3,141		405		3,208		119
Consumer loans:
Other direct	12		12		1		13		1
Credit cards	27		27		8		26		2
Total consumer loans	39		39		9		39		3
Total impaired loans		$4,150		$3,592		$448		$3,751		$132

¹Amortized cost reflects charge-offs that have been recognized plus other amounts that have been applied to reduce net book balance.

²Of the interest income recognized for the year ended December 31, 2011, cash basis interest income was $25 million.

Nonperforming Assets



(Dollars in millions)	June 30, 2012		December 31, 2011
Nonaccrual/NPLs:
Commercial loans:
Commercial & industrial		$331		$348
Commercial real estate	233		288
Commercial construction	131		290
Residential loans:
Residential mortgages - nonguaranteed	1,286		1,392
Home equity products	302		338
Residential construction	154		220
Consumer loans:
Other direct	4		7
Indirect	17		20
Total nonaccrual/NPLs	2,458		2,903
OREO¹	331		479
Other repossessed assets	11		10
Total nonperforming assets		$2,800		$3,392

¹Does not include foreclosed real estate related to loans insured by the FHA or the VA. Proceeds due from the FHA and the VA are recorded as a receivable in other assets until the funds are received and the property is conveyed. The receivable amount related to proceeds due from the FHA or the VA totaled $124 million and $132 million at June 30, 2012 and December 31, 2011, respectively.

Troubled Debt Restructurings on Financing Receivables [Table Text Block]



	Three Months Ended June 30, 2012
(Dollars in millions)	Number of Loans Modified	Principal Forgiveness ¹		Rate Modification ²		Term Extension and/or Other Concessions		Total
Commercial loans:
Commercial & industrial	80		$—		$1		$3		$4
Commercial real estate	13	6		6		—		12
Commercial construction	5	1		—		10		11
Residential loans:
Residential mortgages - nonguaranteed	199	—		21		—		21
Home equity products	457	—		33		2		35
Residential construction	140	—		1		20		21
Consumer loans:
Other direct	27	—		—		1		1
Indirect	795	—		—		14		14
Credit cards	361	—		2		—		2
Total TDRs	2,077		$7		$64		$50		$121

	Six Months Ended June 30, 2012
(Dollars in millions)	Number of Loans Modified	Principal Forgiveness ¹		Rate Modification ²		Term Extension and/or Other Concessions		Total
Commercial loans:
Commercial & industrial	183		$—		$2		$15		$17
Commercial real estate	23	12		7		2		21
Commercial construction	12	2		—		11		13
Residential loans:
Residential mortgages - nonguaranteed	424	—		41		1		42
Home equity products	841	—		64		3		67
Residential construction	175	—		1		29		30
Consumer loans:
Other direct	39	—		—		1		1
Indirect	795	—		—		14		14
Credit cards	863	—		5		—		5
Total TDRs	3,355		$14		$120		$76		$210

¹Restructured loans which had forgiveness of amounts contractually due under the terms of the loan typically have had multiple concessions including rate modifications and/or term extensions. The total amount of charge-offs associated with principal forgiveness was $1 million during both the three and six months ended June 30, 2012.

²Restructured loans which had a modification of the loan's contractual interest rate may also have had an extension of the loan's contractual maturity date and/or other concessions. The financial effect of modifying the interest rate on the loans modified as a TDR was immaterial to the financial statements during the three and six months ended June 30, 2012.



	Three Months Ended June 30, 2011
(Dollars in millions)	Number of Loans Modified	Principal Forgiveness ¹		Rate Modification ²		Term Extension and/or Other Concessions		Total
Commercial loans:
Commercial & industrial	56		$19		$22		$3		$44
Commercial real estate	9	4		—		3		7
Commercial construction	8	3		—		31		34
Residential loans:
Residential mortgages - nonguaranteed	258	—		61		5		66
Home equity products	398	—		31		—		31
Residential construction	27	—		5		1		6
Consumer loans:
Other direct	11	—		—		1		1
Total TDRs	767		$26		$119		$44		$189

	Six Months Ended June 30, 2011
(Dollars in millions)	Number of Loans Modified	Principal Forgiveness ¹		Rate Modification ²		Term Extension and/or Other Concessions		Total
Commercial loans:
Commercial & industrial	78		$27		$22		$8		$57
Commercial real estate	25	22		16		15		53
Commercial construction	82	27		2		41		70
Residential loans:
Residential mortgages - nonguaranteed	528	—		142		8		150
Home equity products	743	—		62		—		62
Residential construction	50	—		10		1		11
Consumer loans:
Other direct	51	—		—		2		2
Total TDRs	1,557		$76		$254		$75		$405

¹Restructured loans which had forgiveness of amounts contractually due under the terms of the loan typically have had multiple concessions including rate modifications and/or term extensions. The total amount of charge-offs associated with principal forgiveness during the three and six months ended June 30, 2011 was $8 million and $9 million, respectively.

TroubledDebtRestructuingDefault [Table Text Block]



	Three Months Ended June 30, 2012 ¹			Six Months Ended June 30, 2012 ²
(Dollars in millions)	Number of Loans	Amortized Cost		Number of Loans	Amortized Cost
Commercial loans:
Commercial & industrial	14		$1	25		$3
Commercial real estate	—	—		4	4
Commercial construction	4	4		7	6
Residential loans:
Residential mortgages	28	9		56	14
Home equity products	38	3		81	6
Residential construction	6	—		17	2
Consumer loans:
Other direct	—	—		2	—
Credit cards	57	—		135	1
Total TDRs	147		$17	327		$36

¹For the three months ended June 30, 2012, this represents defaults on loans that were first modified between the periods April 1, 2011 and June 30, 2012.

²For the six months ended June 30, 2012, this represents defaults on loans that were first modified between the periods January 1, 2011 and June 30, 2012.



	Three Months Ended June 30, 2011 ¹			Six Months Ended June 30, 2011 ²
(Dollars in millions)	Number of Loans	Amortized Cost		Number of Loans	Amortized Cost
Commercial loans:
Commercial & industrial	10		$—	20		$2
Commercial real estate	2	1		6	1
Commercial construction	8	15		14	24
Residential loans:
Residential mortgages	94	23		334	75
Home equity products	47	4		111	11
Residential construction	8	1		23	5
Consumer loans:
Other direct	5	—		7	—
Total TDRs	174		$44	515		$118

¹For the three months ended June 30, 2011, this represents defaults on loans that were first modified between the periods April 1, 2010 and June 30, 2011.

²For the six months ended June 30, 2011, this represents defaults on loans that were first modified between the periods January 1, 2010 and June 30, 2011.