Financing Receivables (Tables)

9 Months Ended

Sep. 30, 2012

Financing Receivables

Rollforward of the allowance for loan losses

	September 30, 2012
	Commercial						Consumer
	Mortgage			Syndicated			Bank
	Loans			Loans			Loans			Total
	(in millions)
Beginning balance	$	35		$	9		$	16		$	60
Charge-offs	(6		)	(2		)	(7		)	(15		)
Recoveries	—			—			1			1
Provisions	—			—			4			4
Ending balance	$	29		$	7		$	14		$	50
Individually evaluated for impairment	$	6		$	1		$	1		$	8
Collectively evaluated for impairment	23			6			13			42

	September 30, 2011
	Commercial						Consumer
	Mortgage			Syndicated			Bank
	Loans			Loans			Loans			Total
	(in millions)
Beginning balance	$	38		$	10		$	16		$	64
Charge-offs	(2		)	—			(8		)	(10		)
Provisions	(1		)	(1		)	8			6
Ending balance	$	35		$	9		$	16		$	60
Individually evaluated for impairment	$	10		$	1		$	2		$	13
Collectively evaluated for impairment	25			8			14			47

Financing receivables by impairment method and type of loan

	September 30, 2012
	Commercial				Consumer
	Mortgage		Syndicated		Bank
	Loans		Loans		Loans		Total
	(in millions)
Individually evaluated for impairment	$	43	$	3	$	9	$	55
Collectively evaluated for impairment	2,527		345		1,314		4,186
Total	$	2,570	$	348	$	1,323	$	4,241

	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 September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
	(in millions)
Purchases
Consumer bank loans	$	—	$	85	$	51	$	306
Syndicated loans	21		82		74		185
Total loans purchased	$	21	$	167	$	125	$	491
Sales
Consumer bank loans	$	78	$	51	$	199	$	191
Syndicated loans	5		—		5		2
Total loans sold	$	83	$	51	$	204	$	193

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

	Loans				Percentage
	September 30, 2012		December 31, 2011		September 30, 2012		December 31, 2011
	(in millions)
East North Central	$	254	$	252	10	%	10	%
East South Central	65		65		2		2
Middle Atlantic	209		223		8		9
Mountain	275		284		11		11
New England	143		141		5		5
Pacific	585		584		23		22
South Atlantic	645		648		25		25
West North Central	224		244		9		9
West South Central	170		183		7		7
	2,570		2,624		100	%	100	%
Less: allowance for loan losses	29		35
Total	$	2,541	$	2,589

Schedule of concentrations of credit risk of commercial mortgage loans by property type

	Loans				Percentage
	September 30, 2012		December 31, 2011		September 30, 2012		December 31, 2011
	(in millions)
Apartments	$	414	$	392	16	%	15	%
Hotel	37		51		1		2
Industrial	483		480		19		18
Mixed use	42		42		2		2
Office	617		694		24		26
Retail	846		845		33		32
Other	131		120		5		5
	2,570		2,624		100	%	100	%
Less: allowance for loan losses	29		35
Total	$	2,541	$	2,589

Schedule of troubled debt restructurings

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
	Number	Recorded		Number	Recorded		Number	Recorded		Number	Recorded
	of Loans	Investment		of Loans	Investment		of Loans	Investment		of Loans	Investment
	(in millions, except number of loans)
Commercial mortgage loans	3	$	12	2	$	6	4	$	13	8	$	36
Syndicated loans	—	—		—	—		2	2		2	—
Consumer bank loans	17	—		20	—		56	1		77	1
Total	20	$	12	22	$	6	62	$	16	87	$	37