Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2012

Accounts, Notes, Loans and Financing Receivable [Line Items]

Assets and liabilities of discontinued operations were considered held for sale

	June 30, 2012		December 31, 2011
	(in millions)
Loans, net (1)	$	-	$	21,185
Other assets		-		269
Assets of discontinued operations	$	-	$	21,454
Deposits in domestic offices – noninterest bearing	$	-	$	35
Other liabilities		226		876
Liabilities of discontinued operations	$	226	$	911

⁽¹⁾  At December 31, 2011, the receivables are carried at the lower of amortized cost or fair value.

Credit Card Receivable [Member]

Accounts, Notes, Loans and Financing Receivable [Line Items]

Results of Discontinued operations

	Three Months Ended June  30,				Six Months Ended June  30,
	2012		2011		2012		2011
	(in millions)
Net interest income and other revenues ( 1)(2 )	$	129	$	558	$	541	$	1,106
Income from discontinued operations before income tax		74		195		315		465

⁽¹⁾  Interest expense was allocated to discontinued operations in accordance with our existing internal transfer pricing policy. This policy uses match funding based on the expected lives of the assets and liabilities of the business at the time of origination, subject to periodic review, as demonstrated by the expected cash flows and re-pricing characteristics of the underlying assets.

⁽²⁾  Included in other revenues for the three and six months ended June 30, 2012 was a $107 million and $440 million, respectively, lower of amortized cost or fair value adjustment.

Bank Note [Member]

Accounts, Notes, Loans and Financing Receivable [Line Items]

Results of Discontinued operations

	Three Months Ended June  30,				Six Months Ended June  30,
	2012		2011		2012		2011
	(in millions)
Net interest income and other revenues	$	-	$	3	$	-	$	19
Income (loss) from discontinued operations before income tax (benefit) expense		-		1		-		(1	)