Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2012

Allowance for Credit Losses [Abstract]

Activity in the Allowance for Credit Losses

	Three Months Ended September 30						Nine Months Ended September 30
(Dollars in millions)	2012			2011			2012			2011
Balance at beginning of period		$2,350			$2,795			$2,505			$3,032
Provision for loan losses	450			348			1,065			1,194
Provision/(benefit) for unfunded commitments	—			(1		)	2			(8		)
Loan charge-offs	(585		)	(536		)	(1,445		)	(1,714		)
Loan recoveries	74			44			162			146
Balance at end of period		$2,289			$2,650			$2,289			$2,650
Components:
ALLL		$2,239			$2,600
Unfunded commitments reserve1	50			50
Allowance for credit losses		$2,289			$2,650

¹ The unfunded commitments reserve is recorded in other liabilities in the Consolidated Balance Sheets.

Activity in the ALLL by Segment

	Three Months Ended September 30, 2012
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance at beginning of period		$887			$1,277			$136			$2,300
Provision for loan losses	127			300			23			450
Loan charge-offs	(126		)	(425		)	(34		)	(585		)
Loan recoveries	55			10			9			74
Balance at end of period		$943			$1,162			$134			$2,239
	Three Months Ended September 30, 2011
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance at beginning of period		$1,200			$1,395			$149			$2,744
Provision for loan losses	86			236			26			348
Loan charge-offs	(214		)	(282		)	(40		)	(536		)
Loan recoveries	29			3			12			44
Balance at end of period		$1,101			$1,352			$147			$2,600
	Nine Months Ended September 30, 2012
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance at beginning of period		$964			$1,354			$139			$2,457
Provision for loan losses	214			788			63			1,065
Loan charge-offs	(346		)	(1,001		)	(98		)	(1,445		)
Loan recoveries	111			21			30			162
Balance at end of period		$943			$1,162			$134			$2,239
	Nine Months Ended September 30, 2011
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance at beginning of period		$1,303			$1,498			$173			$2,974
Provision for loan losses	318			810			66			1,194
Loan charge-offs	(619		)	(970		)	(125		)	(1,714		)
Loan recoveries	99			14			33			146
Balance at end of period		$1,101			$1,352			$147			$2,600

Loans Held for Investment portfolio and Related Allowance for Loan and Lease Losses

	As of September 30, 2012
	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		$218		$8		$2,810		$328		$66		$8		$3,094		$344
Collectively evaluated	57,488		935		41,372		834		19,473		126		118,333		1,895
Total evaluated	57,706		943		44,182		1,162		19,539		134		121,427		2,239
LHFI at fair value	—		—		390		—		—		—		390		—
Total LHFI		$57,706		$943		$44,572		$1,162		$19,539		$134		$121,817		$2,239
	As of December 31, 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