Loans (Tables)

9 Months Ended

Sep. 30, 2012



(Dollars in millions)	September 30, 2012		December 31, 2011
Commercial loans:
Commercial & industrial		$52,407		$49,538
Commercial real estate	4,491		5,094
Commercial construction	808		1,240
Total commercial loans	57,706		55,872
Residential loans:
Residential mortgages - guaranteed	4,823		6,672
Residential mortgages - nonguaranteed¹	23,925		23,243
Home equity products	15,019		15,765
Residential construction	805		980
Total residential loans	44,572		46,660
Consumer loans:
Guaranteed student loans	5,823		7,199
Other direct	2,341		2,059
Indirect	10,781		10,165
Credit cards	594		540
Total consumer loans	19,539		19,963
LHFI		$121,817		$122,495
LHFS		$5,205		$2,353

¹Includes $390 million and $431 million of loans carried at fair value at September 30, 2012 and December 31, 2011, respectively.

LHFI by Credit Quality Indicator



	Commercial Loans
	Commercial & industrial				Commercial real estate				Commercial construction
(Dollars in millions)	September 30, 2012		December 31, 2011		September 30, 2012		December 31, 2011		September 30, 2012		December 31, 2011
Credit rating:
Pass		$50,496		$47,683		$3,788		$3,845		$524		$581
Criticized accruing	1,623		1,507		584		961		209		369
Criticized nonaccruing	288		348		119		288		75		290
Total		$52,407		$49,538		$4,491		$5,094		$808		$1,240



	Residential Loans ²
	Residential mortgages - nonguaranteed				Home equity products				Residential construction
(Dollars in millions)	September 30, 2012		December 31, 2011		September 30, 2012		December 31, 2011		September 30, 2012		December 31, 2011
Current FICO score range:
700 and above		$17,550		$16,139		$11,454		$11,084		$594		$661
620 - 699	4,071		4,132		2,339		2,903		137		202
Below 620¹	2,304		2,972		1,226		1,778		74		117
Total		$23,925		$23,243		$15,019		$15,765		$805		$980



	Consumer Loans ³
	Other direct				Indirect				Credit cards
(Dollars in millions)	September 30, 2012		December 31, 2011		September 30, 2012		December 31, 2011		September 30, 2012		December 31, 2011
Current FICO score range:
700 and above		$1,930		$1,614		$8,156		$7,397		$404		$347
620 - 699	343		359		1,992		1,990		145		142
Below 620¹	68		86		633		778		45		51
Total		$2,341		$2,059		$10,781		$10,165		$594		$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 $4.8 billion and $6.7 billion at September 30, 2012 and December 31, 2011, respectively, of guaranteed residential loans. At both September 30, 2012 and December 31, 2011, the majority of these loans had FICO scores of 700 and above.

³Excludes $5.8 billion and $7.2 billion at September 30, 2012 and December 31, 2011, respectively, of guaranteed student loans.

Payment Status for the LHFI Portfolio

¹Includes $390 million of loans carried at fair value, the majority of which were accruing current.

²Total nonaccruing loans past due 90 days or more totaled $1.3 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, the majority of which were accruing current.

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

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 nine months ended September 30, 2012, cash basis interest income was $6 million and $15 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)	September 30, 2012		December 31, 2011
Nonaccrual/NPLs:
Commercial loans:
Commercial & industrial		$288		$348
Commercial real estate	119		288
Commercial construction	75		290
Residential loans:
Residential mortgages - nonguaranteed	786		1,392
Home equity products	310		338
Residential construction	129		220
Consumer loans:
Other direct	6		7
Indirect	18		20
Total nonaccrual/NPLs	1,731		2,903
OREO¹	304		479
Other repossessed assets	10		10
Nonperforming LHFS	40		—
Total nonperforming assets		$2,085		$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 $143 million and $132 million at September 30, 2012 and December 31, 2011, respectively.

Troubled Debt Restructurings on Financing Receivables [Table Text Block]



	Three Months Ended September 30, 2012¹
(Dollars in millions)	Number of Loans Modified	Principal Forgiveness ²		Rate Modification ³		Term Extension and/or Other Concessions		Total
Commercial loans:
Commercial & industrial	87		$4		$1		$6		$11
Commercial real estate	4	5		—		—		5
Commercial construction	3	1		—		2		3
Residential loans:
Residential mortgages - nonguaranteed	279	—		20		1		21
Home equity products	431	—		26		4		30
Residential construction	165	—		—		25		25
Consumer loans:
Other direct	42	—		—		1		1
Indirect	1,000	—		—		17		17
Credit cards	281	—		2		—		2
Total TDRs	2,292		$10		$49		$56		$115

	Nine Months Ended September 30, 2012¹
(Dollars in millions)	Number of Loans Modified	Principal Forgiveness ²		Rate Modification ³		Term Extension and/or Other Concessions		Total
Commercial loans:
Commercial & industrial	270		$4		$3		$21		$28
Commercial real estate	27	17		7		2		26
Commercial construction	15	3		—		13		16
Residential loans:
Residential mortgages - nonguaranteed	703	—		61		2		63
Home equity products	1,272	—		90		7		97
Residential construction	340	—		1		54		55
Consumer loans:
Other direct	81	—		—		2		2
Indirect	1,795	—		—		31		31
Credit cards	1,144	—		7		—		7
Total TDRs	5,647		$24		$169		$132		$325

¹Includes loans modified under the terms of a TDR that were charged-off during the period.

²Restructured 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 during the three and nine months ended September 30, 2012 was $1 million and $2 million, respectively.

³Restructured 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 nine months ended September 30, 2012.



	Three Months Ended September 30, 2011¹
(Dollars in millions)	Number of Loans Modified	Principal Forgiveness ²		Rate Modification ³		Term Extension and/or Other Concessions		Total
Commercial loans:
Commercial & industrial	208		$—		$21		$30		$51
Commercial real estate	9	2		8		6		16
Commercial construction	11	9		6		50		65
Residential loans:
Residential mortgages - nonguaranteed	304	—		57		4		61
Home equity products	569	—		38		4		42
Residential construction	266	—		5		29		34
Consumer loans:
Other direct	7	—		—		1		1
Credit cards	716	—		4		—		4
Total TDRs	2,090		$11		$139		$124		$274

	Nine Months Ended September 30, 2011¹
(Dollars in millions)	Number of Loans Modified	Principal Forgiveness ²		Rate Modification ³		Term Extension and/or Other Concessions		Total
Commercial loans:
Commercial & industrial	391		$27		$43		$39		$109
Commercial real estate	34	24		24		21		69
Commercial construction	93	36		8		91		135
Residential loans:
Residential mortgages - nonguaranteed	832	—		199		12		211
Home equity products	1,312	—		100		4		104
Residential construction	316	—		15		30		45
Consumer loans:
Other direct	58	—		—		3		3
Credit cards	1,941	—		11		—		11
Total TDRs	4,977		$87		$400		$200		$687

¹Includes loans modified under the terms of a TDR that were charged-off during the period.

²Restructured 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 nine months ended September 30, 2011 was $3 million and $12 million, respectively.

TroubledDebtRestructuingDefault [Table Text Block]

¹For the three and nine months ended September 30, 2012, this represents defaults on loans that were first modified between the periods July 1, 2011 and September 30, 2012, and January 1, 2011 and September 30, 2012, respectively, including loans modified under the terms of a TDR that were charged-off during the periods.



	Three Months Ended September 30, 2011 ¹			Nine Months Ended September 30, 2011 ¹
(Dollars in millions)	Number of Loans	Amortized Cost		Number of Loans	Amortized Cost
Commercial loans:
Commercial & industrial	23		$6	43		$8
Commercial real estate	5	21		11	21
Commercial construction	1	—		15	24
Residential loans:
Residential mortgages	60	19		394	95
Home equity products	60	6		171	17
Residential construction	6	1		29	6
Consumer loans:
Other direct	2	—		9	—
Credit cards	166	1		321	2
Total TDRs	323		$54	993		$173

¹For the three and nine months ended September 30, 2011, this represents defaults on loans that were first modified between the periods July 1, 2010 and September 30, 2011, and January 1, 2010 and September 30, 2011, respectively, including loans modified under the terms of a TDR that were charged-off during the periods.