Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2012

Intangible Assets and Goodwill [Abstract]

Schedule of Intangible Assets and Goodwill

	June 30, 2012		December 31, 2011
	(in millions)
Mortgage servicing rights	$	194	$	227
Purchased credit card relationships		63		-
Other		11		15
Total other intangible assets, net	$	268	$	242

Fair value of residential MSRs

	June 30, 2012			December 31, 2011
Annualized constant prepayment rate (“CPR”)		23.0	%		21.4	%
Constant discount rate		11.2	%		11.3	%
Weighted average life		3.2 years			3.4 years

Residential MSRs activity

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2012			2011			2012			2011
	(in millions)
Fair value of MSRs:
Beginning balance	$	228		$	396		$	220		$	394
Additions related to loan sales		6			9			14			25
Changes in fair value due to:
Change in valuation inputs or assumptions used in the valuation models		(31	)		(27	)		(15	)		(22	)
Realization of cash flows		(16	)		(15	)		(32	)		(34	)
Ending balance	$	187		$	363		$	187		$	363

Residential mortgage loans serviced for others

	June 30, 2012		December 31, 2011
	(in millions)
Outstanding principal balances at period end	$	35,095	$	37,839
Custodial balances maintained and included in noninterest bearing deposits at period end	$	827	$	838