Covered loans acquired in the Westernbank FDIC-assisted transaction, except for lines of credit with revolving privileges, are accounted for by the Corporation in accordance with ASC Subtopic 310-30. Under ASC Subtopic 310-30, the acquired loans were aggregated into pools based on similar characteristics. Each loan pool is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows. The covered loans which are accounted for under ASC Subtopic 310-30 by the Corporation are not considered non-performing and will continue to have an accretable yield as long as there is a reasonable expectation about the timing and amount of cash flows expected to be collected. The Corporation measures additional losses for this portfolio when it is probable the Corporation will be unable to collect all cash flows expected at acquisition plus additional cash flows expected to be collected arising from changes in estimates after acquisition. Lines of credit with revolving privileges that were acquired as part of the Westernbank FDIC-assisted transaction are accounted for under the guidance of ASC Subtopic 310-20, which requires that any differences between the contractually required loan payment receivable in excess of the Corporation's initial investment in the loans be accreted into interest income. Loans accounted for under ASC Subtopic 310-20 are placed in non-accrual status when past due in accordance with the Corporation's non-accruing policy and any accretion of discount is discontinued.

The risks on loans acquired in the FDIC-assisted transaction are significantly different from the risks on loans not covered under the FDIC loss sharing agreements because of the loss protection provided by the FDIC. Accordingly, the Corporation presents loans subject to the loss sharing agreements as “covered loans” in the information below and loans that are not subject to the FDIC loss sharing agreements as “non-covered loans”.

For a summary of the accounting policy related to loans, interest recognition and allowance for loan losses refer to the summary of significant accounting policies included in Note 2 to the consolidated financial statements included in the 2011 Annual Report. Also, refer to Note 8 for a description of enhancements to the Corporation's methodology for determining the allowance for loan losses which were effective on March 31, 2012.

The following table presents the composition of non-covered loans held-in-portfolio (“HIP”), net of unearned income, at September 30, 2012 and December 31, 2011.

		Non-covered loans		Non-covered loans
(In thousands)		HIP at September 30, 2012		HIP at December 31, 2011
Commercial multi-family		$	932,434	$	808,933
Commercial real estate non-owner occupied			2,643,533		2,665,499
Commercial real estate owner occupied			2,640,074		2,817,266
Commercial and industrial			3,412,590		3,681,629
Construction			258,453		239,939
Mortgage			6,022,422		5,518,460
Leasing			538,014		548,706
Legacy^[2]			465,848		648,409
Consumer:
	Credit cards		1,195,413		1,230,029
	Home equity lines of credit		506,206		557,894
	Personal		1,357,441		1,130,593
	Auto		546,481		518,476
	Other		234,944		236,763
Total loans held-in-portfolio^[1]		$	20,753,853	$	20,602,596

[1]	Non-covered loans held-in-portfolio at September 30, 2012 are net of $97 million in unearned income and exclude $337 million in loans held-for-sale. (December 31, 2011 - $101 million in unearned income and $363 million in loans held-for-sale.)

[2]	The legacy portfolio is comprised of commercial loans, construction loans and lease financings related to certain lending products exited by the
	Corporation as part of restructuring efforts carried out in prior years at the BPNA reportable segment.

The following table presents the composition of covered loans at September 30, 2012 and December 31, 2011.

	Covered loans at		Covered loans at
(In thousands)	September 30, 2012		December 31, 2011
Commercial real estate	$	2,153,790	$	2,271,295
Commercial and industrial		170,572		241,447
Construction		393,101		546,826
Mortgage		1,106,851		1,172,954
Consumer		79,553		116,181
Total loans held-in-portfolio	$	3,903,867	$	4,348,703

The following table provides a breakdown of loans held-for-sale (“LHFS”) at September 30, 2012 and December 31, 2011 by main categories.

During the quarter and nine months ended September 30, 2012, the Corporation recorded purchases (including repurchases) of mortgage loans amounting to $453 million and $1.1 billion, respectively (September 30, 2011 - $177 million and $1.1 billion, respectively). Also, the Corporation recorded purchases of $230 million in consumer loans during the nine months ended September 30, 2012 (September 30, 2011 - $130 million). In addition, during the quarter and nine months ended September 30, 2012, the Corporation recorded purchases of construction loans amounting to $0.1 million and $1 million, respectively, and none during 2011. There were no purchases of commercial loans during the quarter and nine months ended September 30, 2012 and 2011.

The Corporation performed whole-loan sales involving approximately $94 million and $238 million of residential mortgage loans during the quarter and nine months ended September 30, 2012, respectively (September 30, 2011- $39 million and $309 million, respectively). Also, the Corporation securitized approximately $ 181 million and $ 576 million of mortgage loans into Government National Mortgage Association (“GNMA”) mortgage-backed securities during the quarter and nine months ended September 30, 2012, respectively (September 30, 2011 - $ 194 million and $ 667 million, respectively). Furthermore, the Corporation securitized approximately $ 107 million and $ 238 million of mortgage loans into Federal National Mortgage Association (“FNMA”) mortgage-backed securities during the quarter and nine months ended September 30, 2012, respectively (September 30, 2011- $ 42 million and $ 163 million, respectively). Also, the Corporation securitized approximately $ 20 million of mortgage loans into Federal Home Loan Mortgage Corporation (“FHLMC”) mortgage-backed securities during the quarter and nine months ended September 30, 2012. There were no securitizations into FHLMC for the quarter and nine months ended September 30, 2011. The Corporation sold commercial and construction loans with a book value of approximately $9 million and $48 million during the quarter and nine months ended September 30, 2012, respectively (September 30, 2011- $13 million and $27 million, respectively). In addition, during the third quarter of 2011, other construction and commercial loans held-for-sale with a combined book value of $128 million were sold to a joint venture in which the Corporation holds minority interest.

The following tables present non-covered loans held-in-portfolio by loan class that are in non-performing status or are accruing interest but are past due 90 days or more at September 30, 2012 and December 31, 2011. Accruing loans past due 90 days or more consist primarily of credit cards, FHA / VA and other insured mortgage loans, and delinquent mortgage loans which are included in the Corporation's financial statements pursuant to GNMA's buy-back option program. Servicers of loans underlying GNMA mortgage-backed securities must report as their own assets the defaulted loans that they have the option (but not the obligation) to repurchase, even when they elect not to exercise that option. Also, accruing loans past due 90 days or more include residential conventional loans purchased from another financial institution that, although delinquent, the Corporation has received timely payment from the seller / servicer, and, in some instances, have partial guarantees under recourse agreements. However, residential conventional loans purchased from another financial institution, which are in the process of foreclosure, are classified as non-performing mortgage loans.

At September 30, 2012
			Puerto Rico				U.S. mainland				Popular, Inc.
			Non-covered loans
				Accruing				Accruing				Accruing
		Non-accrual		loans past-due		Non-accrual		loans past-due			Non-accrual	loans past-due
(In thousands)		loans		90 days or more		loans		90 days or more			loans	90 days or more
Commercial multi-family		$	24,031	$	-	$	17,714	$	-	$	41,745	$	-
Commercial real estate non-owner occupied			72,315		-		87,439		-		159,754		-
Commercial real estate owner occupied			361,955		-		38,789		-		400,744		-
Commercial and industrial			154,480		247		15,494		-		169,974		247
Construction			37,793		-		12,140		-		49,933		-
Mortgage			598,523		354,356		33,529		-		632,052		354,356
Leasing			4,837		-		-		-		4,837		-
Legacy			-		-		48,735		-		48,735		-
Consumer:
	Credit cards		-		21,648		483		-		483		21,648
	Home equity lines of credit		-		170		10,436		-		10,436		170
	Personal		19,982		3		1,671		-		21,653		3
	Auto		7,731		-		8		-		7,739		-
	Other		2,379		546		36		-		2,415		546
Total^[1]		$	1,284,026	$	376,970	$	266,474	$	-	$	1,550,500	$	376,970

[1] For purposes of this table non-performing loans exclude $ 109 million in non-performing loans held-for-sale.

At December 31, 2011
			Puerto Rico				U.S. mainland				Popular, Inc.
		Non-covered loans
				Accruing				Accruing				Accruing
		Non-accrual		loans past-due		Non-accrual		loans past-due			Non-accrual	loans past-due
(In thousands)		loans		90 days or more		loans		90 days or more			loans	90 days or more
Commercial multi-family		$	15,396	$	-	$	13,935	$	-	$	29,331	$	-
Commercial real estate non-owner occupied			51,013		-		80,820		-		131,833		-
Commercial real estate owner occupied			385,303		-		59,726		-		445,029		-
Commercial and industrial			179,459		675		44,440		-		223,899		675
Construction			53,859		-		42,427		-		96,286		-
Mortgage			649,279		280,912		37,223		-		686,502		280,912
Leasing			5,642		-		-		-		5,642		-
Legacy			-		-		75,660		-		75,660		-
Consumer:
	Credit cards		-		25,748		735		-		735		25,748
	Home equity lines of credit		-		157		10,065		-		10,065		157
	Personal		19,317		-		1,516		-		20,833		-
	Auto		6,830		-		34		-		6,864		-
	Other		5,144		468		27		-		5,171		468
Total^[1]		$	1,371,242	$	307,960	$	366,608	$	-	$	1,737,850	$	307,960

[1] For purposes of this table non-performing loans exclude $ 262 million in non-performing loans held-for-sale.

The following tables present loans by past due status at September 30, 2012 and December 31, 2011 for non-covered loans held-in-portfolio (net of unearned income).

September 30, 2012
Puerto Rico
Non- covered loans
			Past due									Non - covered
		30-59		60-89		90 days		Total				loans HIP
(In thousands)		days		days		or more		past due		Current		Puerto Rico
Commercial multi-family		$	427	$	-	$	24,031	$	24,458	$	94,829	$	119,287
Commercial real estate non-owner occupied			4,694		1,174		72,315		78,183		1,261,421		1,339,604
Commercial real estate owner occupied			23,205		7,032		361,955		392,192		1,708,447		2,100,639
Commercial and industrial			18,513		5,183		154,727		178,423		2,445,862		2,624,285
Construction			1,040		-		37,793		38,833		171,923		210,756
Mortgage			249,917		112,807		952,879		1,315,603		3,603,282		4,918,885
Leasing			6,680		1,739		4,837		13,256		524,758		538,014
Consumer:
	Credit cards		15,644		10,174		21,648		47,466		1,133,339		1,180,805
	Home equity lines of credit		47		241		170		458		16,788		17,246
	Personal		14,467		8,615		19,985		43,067		1,172,033		1,215,100
	Auto		25,302		7,319		7,731		40,352		505,170		545,522
	Other		4,768		408		2,925		8,101		225,515		233,616
Total		$	364,704	$	154,692	$	1,660,996	$	2,180,392	$	12,863,367	$	15,043,759

September 30, 2012
U.S. mainland
			Past due
		30-59		60-89		90 days		Total				Loans HIP
(In thousands)		days		days		or more		past due		Current		U.S. mainland
Commercial multi-family		$	4,778	$	1,693	$	17,714	$	24,185	$	788,962	$	813,147
Commercial real estate non-owner occupied			21,266		9,387		87,439		118,092		1,185,837		1,303,929
Commercial real estate owner occupied			2,819		-		38,789		41,608		497,827		539,435
Commercial and industrial			5,361		1,986		15,494		22,841		765,464		788,305
Construction			6,317		-		12,140		18,457		29,240		47,697
Mortgage			15,307		13,002		33,529		61,838		1,041,699		1,103,537
Legacy			7,484		6,222		48,735		62,441		403,407		465,848
Consumer:
	Credit cards		244		188		483		915		13,693		14,608
	Home equity lines of credit		4,024		2,611		10,436		17,071		471,889		488,960
	Personal		528		2,578		1,671		4,777		137,564		142,341
	Auto		34		1		8		43		916		959
	Other		3		13		36		52		1,276		1,328
Total		$	68,165	$	37,681	$	266,474	$	372,320	$	5,337,774	$	5,710,094

September 30, 2012
Popular, Inc.
Non-covered loans
			Past due									Non-covered
		30-59		60-89		90 days		Total					loans HIP
(In thousands)		days		days		or more		past due		Current			Popular, Inc.
Commercial multi-family		$	5,205	$	1,693	$	41,745	$	48,643	$	883,791	$	932,434
Commercial real estate non-owner occupied			25,960		10,561		159,754		196,275		2,447,258		2,643,533
Commercial real estate owner occupied			26,024		7,032		400,744		433,800		2,206,274		2,640,074
Commercial and industrial			23,874		7,169		170,221		201,264		3,211,326		3,412,590
Construction			7,357		-		49,933		57,290		201,163		258,453
Mortgage			265,224		125,809		986,408		1,377,441		4,644,981		6,022,422
Leasing			6,680		1,739		4,837		13,256		524,758		538,014
Legacy			7,484		6,222		48,735		62,441		403,407		465,848
Consumer:
	Credit cards		15,888		10,362		22,131		48,381		1,147,032		1,195,413
	Home equity lines of credit		4,071		2,852		10,606		17,529		488,677		506,206
	Personal		14,995		11,193		21,656		47,844		1,309,597		1,357,441
	Auto		25,336		7,320		7,739		40,395		506,086		546,481
	Other		4,771		421		2,961		8,153		226,791		234,944
Total		$	432,869	$	192,373	$	1,927,470	$	2,552,712	$	18,201,141	$	20,753,853

December 31, 2011
Puerto Rico
Non-covered loans
			Past due									Non-covered
			30-59		60-89		90 days	Total				loans HIP
(In thousands)			days		days		or more	past due		Current		Puerto Rico
Commercial multi-family		$	435	$	121	$	15,396	$	15,952	$	107,164	$	123,116
Commercial real estate non-owner occupied			16,584		462		51,013		68,059		1,193,447		1,261,506
Commercial real estate owner occupied			39,578		21,003		385,303		445,884		1,785,542		2,231,426
Commercial and industrial			46,013		17,233		180,134		243,380		2,611,154		2,854,534
Construction			608		21,055		53,859		75,522		85,419		160,941
Mortgage			202,072		98,565		930,191		1,230,828		3,458,655		4,689,483
Leasing			7,927		2,301		5,642		15,870		532,836		548,706
Consumer:
	Credit cards		14,507		11,479		25,748		51,734		1,164,086		1,215,820
	Home equity lines of credit		155		395		157		707		19,344		20,051
	Personal		17,583		10,434		19,317		47,334		935,854		983,188
	Auto		22,677		5,883		6,830		35,390		480,874		516,264
	Other		1,740		1,442		5,612		8,794		226,310		235,104
Total		$	369,879	$	190,373	$	1,679,202	$	2,239,454	$	12,600,685	$	14,840,139

December 31, 2011
U.S. mainland
			Past due
			30-59		60-89		90 days		Total				Loans HIP
(In thousands)			days		days		or more		past due		Current		U.S. mainland
Commercial multi-family		$	14,582	$	-	$	13,935	$	28,517	$	657,300	$	685,817
Commercial real estate non-owner occupied			15,794		3,168		80,820		99,782		1,304,211		1,403,993
Commercial real estate owner occupied			14,004		449		59,726		74,179		511,661		585,840
Commercial and industrial			22,545		3,791		44,440		70,776		756,319		827,095
Construction			-		-		42,427		42,427		36,571		78,998
Mortgage			30,594		13,190		37,223		81,007		747,970		828,977
Legacy			30,712		7,536		75,660		113,908		534,501		648,409
Consumer:
	Credit cards		314		229		735		1,278		12,931		14,209
	Home equity lines of credit		7,090		3,587		10,065		20,742		517,101		537,843
	Personal		3,574		2,107		1,516		7,197		140,208		147,405
	Auto		106		37		34		177		2,035		2,212
	Other		29		10		27		66		1,593		1,659
Total		$	139,344	$	34,104	$	366,608	$	540,056	$	5,222,401	$	5,762,457

December 31, 2011
Popular, Inc.
Non-covered loans
			Past due									Non-covered
			30-59		60-89		90 days		Total			loans HIP
(In thousands)			days		days		or more		past due	Current		Popular, Inc.
Commercial multi-family		$	15,017	$	121	$	29,331	$	44,469	$	764,464	$	808,933
Commercial real estate non-owner occupied			32,378		3,630		131,833		167,841		2,497,658		2,665,499
Commercial real estate owner occupied			53,582		21,452		445,029		520,063		2,297,203		2,817,266
Commercial and industrial			68,558		21,024		224,574		314,156		3,367,473		3,681,629
Construction			608		21,055		96,286		117,949		121,990		239,939
Mortgage			232,666		111,755		967,414		1,311,835		4,206,625		5,518,460
Leasing			7,927		2,301		5,642		15,870		532,836		548,706
Legacy			30,712		7,536		75,660		113,908		534,501		648,409
Consumer:
	Credit cards		14,821		11,708		26,483		53,012		1,177,017		1,230,029
	Home equity lines of credit		7,245		3,982		10,222		21,449		536,445		557,894
	Personal		21,157		12,541		20,833		54,531		1,076,062		1,130,593
	Auto		22,783		5,920		6,864		35,567		482,909		518,476
	Other		1,769		1,452		5,639		8,860		227,903		236,763
Total		$	509,223	$	224,477	$	2,045,810	$	2,779,510	$	17,823,086	$	20,602,596

The following table provides a breakdown of loans held-for-sale (“LHFS”) in non-performing status at September 30, 2012 and December 31, 2011 by main categories.

The following table presents covered loans in non-performing status and accruing loans past-due 90 days or more by loan class at September 30, 2012 and December 31, 2011.

	September 30, 2012				December 31, 2011
Covered loans
	Non-accrual		Accruing loans past		Non-accrual		Accruing loans past
(In thousands)	loans		due 90 days or more		loans		due 90 days or more
Commercial real estate	$	22,891	$	-	$	14,241	$	125
Commercial and industrial		51,080		1,155		63,858		1,392
Construction		5,956		-		4,598		5,677
Mortgage		2,134		-		423		113
Consumer		660		324		516		377
Total^[1]	$	82,721	$	1,479	$	83,636	$	7,684

[1] Covered loans accounted for under ASC Subtopic 310-30 are excluded from the above table as they are considered to be performing due to the application of the accretion method, in which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analyses.

The following tables present loans by past due status at September 30, 2012 and December 31, 2011 for covered loans held-in-portfolio. The information considers covered loans accounted for under ASC Subtopic 310-20 and ASC Subtopic 310-30.

September 30, 2012
Covered loans
		Past due
	30-59		60-89		90 days		Total				Covered
(In thousands)	days		days		or more		past due		Current		loans HIP
Commercial real estate	$	24,365	$	114,519	$	491,418	$	630,302	$	1,523,488	$	2,153,790
Commercial and industrial		2,736		1,728		63,356		67,820		102,752		170,572
Construction		809		-		318,051		318,860		74,241		393,101
Mortgage		27,195		17,506		191,011		235,712		871,139		1,106,851
Consumer		1,669		2,022		11,522		15,213		64,340		79,553
Total covered loans	$	56,774	$	135,775	$	1,075,358	$	1,267,907	$	2,635,960	$	3,903,867

December 31, 2011
Covered loans
		Past due
		30-59	60-89		90 days		Total				Covered
(In thousands)		days	days		or more		past due		Current		loans HIP
Commercial real estate	$	35,286	$	25,273	$	519,222	$	579,781	$	1,691,514	$	2,271,295
Commercial and industrial		4,438		1,390		99,555		105,383		136,064		241,447
Construction		997		625		434,661		436,283		110,543		546,826
Mortgage		32,371		28,238		196,541		257,150		915,804		1,172,954
Consumer		2,913		3,289		15,551		21,753		94,428		116,181
Total covered loans	$	76,005	$	58,815	$	1,265,530	$	1,400,350	$	2,948,353	$	4,348,703

The carrying amount of the covered loans consisted of loans determined to be impaired at the time of acquisition, which are accounted for in accordance with ASC Subtopic 310-30 (“credit impaired loans”), and loans that were considered to be performing at the acquisition date, accounted for by analogy to ASC Subtopic 310-30 (“non-credit impaired loans”), as detailed in the following table.

	September 30, 2012						December 31, 2011
	Covered loans ASC 310-30
	Carrying amount						Carrying amount
(In thousands)		Non-credit impaired loans		Credit impaired loans		Total		Non-credit impaired loans		Credit impaired loans		Total
Commercial real estate	$	1,833,800	$	194,023	$	2,027,823	$	1,920,141	$	215,560	$	2,135,701
Commercial and industrial		54,753		5,626		60,379		85,859		4,621		90,480
Construction		186,942		194,855		381,797		279,561		260,208		539,769
Mortgage		1,019,667		69,603		1,089,270		1,065,842		102,027		1,167,869
Consumer		61,752		6,188		67,940		95,048		7,604		102,652
Carrying amount		3,156,914		470,295		3,627,209		3,446,451		590,020		4,036,471
Allowance for loan losses		(64,015)		(39,532)		(103,547)		(62,951)		(20,526)		(83,477)
Carrying amount, net of allowance	$	3,092,899	$	430,763	$	3,523,662	$	3,383,500	$	569,494	$	3,952,994

The outstanding principal balance of covered loans accounted pursuant to ASC Subtopic 310-30, including amounts charged off by the Corporation, amounted to $5.1 billion at September 30, 2012 (December 31, 2011 - $6.0 billion). At September 30, 2012, none of the acquired loans from the Westernbank FDIC-assisted transaction accounted for under ASC Subtopic 310-30 were considered non-performing loans. Therefore, interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, was recognized on all acquired loans.

Changes in the carrying amount and the accretable yield for the covered loans accounted pursuant to the ASC Subtopic 310-30, for the quarters ended September 30, 2012 and 2011, were as follows:

	Activity in the accretable discount
	Covered loans ASC 310-30
	For the quarters ended
	September 30, 2012						September 30, 2011
		Non-credit		Credit				Non-credit		Credit
		impaired		impaired				impaired		impaired
(In thousands)		loans		loans		Total		loans		loans		Total
Beginning balance	$	1,550,959	$	23,891	$	1,574,850	$	1,546,233	$	70,686	$	1,616,919
Accretion		(61,540)		(4,628)		(66,168)		(66,808)		(29,610)		(96,418)
Change in expected cash flows		(29,029)		(8,771)		(37,800)		(26,964)		3,028		(23,936)
Ending balance	$	1,460,390	$	10,492	$	1,470,882	$	1,452,461	$	44,104	$	1,496,565

	Accretable yield
	For the nine months ended
	September 30, 2012						September 30, 2011
		Non-credit		Credit				Non-credit		Credit
		impaired		impaired				impaired		impaired
(In thousands)		loans		loans		Total		loans		loans		Total
Beginning balance	$	1,428,764	$	41,495	$	1,470,259	$	1,307,927	$	23,181	$	1,331,108
Accretion		(191,989)		(17,504)		(209,493)		(203,683)		(65,852)		(269,535)
Change in expected cash flows		223,615		(13,499)		210,116		348,217		86,775		434,992
Ending balance	$	1,460,390	$	10,492	$	1,470,882	$	1,452,461	$	44,104	$	1,496,565

		Carrying amount of covered loans accounted for pursuant to ASC 310-30
		For the quarters ended
		September 30, 2012						September 30, 2011
			Non-credit		Credit				Non-credit		Credit
			impaired		impaired				impaired		impaired
(In thousands)			loans		loans		Total		loans		loans		Total
Beginning balance		$	3,244,957	$	484,532	$	3,729,489	$	3,588,002	$	628,806	$	4,216,808
Accretion			61,540		4,628		66,168		66,808		29,610		96,418
Collections			(149,583)		(18,865)		(168,448)		(164,904)		(8,963)		(173,867)
Ending balance		$	3,156,914	$	470,295	$	3,627,209	$	3,489,906	$	649,453	$	4,139,359
	Allowance for loan losses
	ASC 310-30 covered loans		(64,015)		(39,532)		(103,547)		(49,386)		(13,060)		(62,446)
		$	3,092,899	$	430,763	$	3,523,662	$	3,440,520	$	636,393	$	4,076,913

		Carrying amount of loans accounted for pursuant to ASC 310-30
		For the nine months ended
		September 30, 2012						September 30, 2011
			Non-credit		Credit				Non-credit		Credit
			impaired		impaired				impaired		impaired
(In thousands)			loans		loans		Total		loans		loans		Total
Beginning balance		$	3,446,451	$	590,020	$	4,036,471	$	3,894,379	$	645,549	$	4,539,928
Accretion			191,989		17,504		209,493		203,683		65,852		269,535
Collections			(481,526)		(137,229)		(618,755)		(608,156)		(61,948)		(670,104)
Ending balance		$	3,156,914	$	470,295	$	3,627,209	$	3,489,906	$	649,453	$	4,139,359
Allowance for loan losses
	ASC 310-30 covered loans		(64,015)		(39,532)		(103,547)		(49,386)		(13,060)		(62,446)
		$	3,092,899	$	430,763	$	3,523,662	$	3,440,520	$	636,393	$	4,076,913

The Corporation accounts for lines of credit with revolving privileges under the accounting guidance of ASC Subtopic 310-20. Covered loans accounted for under ASC Subtopic 310-20 amounted to $0.3 billion at September 30, 2012 (September 30, 2011 - $0.4 billion).