Financing Receivables (Tables)

3 Months Ended

Mar. 31, 2012

Financing Receivables

Rollforward of the allowance for loan losses

	March 31, 2012
	Commercial					Consumer
	Mortgage		Syndicated			Bank
	Loans		Loans			Loans			Total
	(in millions)
Beginning balance	$	35	$	9		$	16		$	60
Charge-offs	—		(2		)	(2		)	(4		)
Provisions	—		—			2			2
Ending balance	$	35	$	7		$	16		$	58
Individually evaluated for impairment	$	10	$	1		$	2		$	13
Collectively evaluated for impairment	25		6			14			45

	March 31, 2011
	Commercial						Consumer
	Mortgage			Syndicated			Bank
	Loans			Loans			Loans			Total
	(in millions)
Beginning balance	$	38		$	10		$	16		$	64
Charge-offs	(2		)	—			(3		)	(5		)
Provisions	—			(1		)	3			2
Ending balance	$	36		$	9		$	16		$	61
Individually evaluated for impairment	$	9		$	1		$	2		$	12
Collectively evaluated for impairment	27			8			14			49

Financing receivables by impairment method and type of loan

	March 31, 2012
	Commercial				Consumer
	Mortgage		Syndicated		Bank
	Loans		Loans		Loans		Total
	(in millions)
Individually evaluated for impairment	$	65	$	3	$	11	$	79
Collectively evaluated for impairment	2,585		352		1,368		4,305
Total	$	2,650	$	355	$	1,379	$	4,384

	December 31, 2011
	Commercial				Consumer
	Mortgage		Syndicated		Bank
	Loans		Loans		Loans		Total
	(in millions)
Individually evaluated for impairment	$	68	$	5	$	11	$	84
Collectively evaluated for impairment	2,556		359		1,369		4,284
Total	$	2,624	$	364	$	1,380	$	4,368

Purchases and sales of loans under financing receivables

	Three Months Ended March 31,
	2012		2011
	(in millions)
Purchases
Consumer bank loans	$	51	$	113
Syndicated loans	29		63
Total loans purchased	$	80	$	176
Sales
Consumer bank loans	$	63	$	95
Syndicated loans	—		1
Total loans sold	$	63	$	96

Schedule of commercial mortgage loans by geographic region and specific collateral property type (Table)

	Loans				Percentage
	March 31, 2012		December 31, 2011		March 31, 2012		December 31, 2011
	(in millions)
East North Central	$	259	$	252	10	%	10	%
East South Central	65		65		2		2
Middle Atlantic	217		223		8		9
Mountain	290		284		11		11
New England	145		141		6		5
Pacific	583		584		22		22
South Atlantic	665		648		25		25
West North Central	241		244		9		9
West South Central	185		183		7		7
	2,650		2,624		100	%	100	%
Less: allowance for loan losses	35		35
Total	$	2,615	$	2,589

	Loans				Percentage
	March 31, 2012		December 31, 2011		March 31, 2012		December 31, 2011
	(in millions)
Apartments	$	405	$	392	15	%	15	%
Hotel	51		51		2		2
Industrial	488		480		18		18
Mixed use	43		42		2		2
Office	688		694		26		26
Retail	841		845		32		32
Other	134		120		5		5
	2,650		2,624		100	%	100	%
Less: allowance for loan losses	35		35
Total	$	2,615	$	2,589

Schedule of troubled debt restructurings

	2012			2011
	Number of	Recorded		Number of	Recorded
	Loans	Investment		Loans	Investment
	(in millions, except number of loans)
Commercial mortgage loans	—	$	—	1	$	6
Syndicated loans	2	2		2	—
Consumer bank loans	26	—		32	—
Total	28	$	2	35	$	6