Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2011

Allowance for Credit Losses

Analysis of the Allowance for Credit Losses

		Three Months Ended September 30, 2011
		Beginning		Charge-						Ending
		Balance		Offs		Recoveries		Provision		Balance
		(Dollars in millions)
Commercial:
	Commercial and industrial	$	474	$	(102)	$	9	$	55	$	436
	Commercial real estate - other		462		(64)		6		26		430
	Commercial real estate - residential ADC		382		(61)		9		(2)		328
	Specialized lending		13		(2)		1		1		13
Retail:
	Direct retail lending		233		(74)		10		51		220
	Revolving credit		103		(23)		4		21		105
	Residential mortgage		347		(41)		1		57		364
	Sales finance		42		(7)		2		2		39
	Specialized lending		171		(40)		6		40		177
Covered and other acquired			159		(53)		―		7		113
Unallocated			130		―		―		―		130
Allowance for loan and lease losses			2,516		(467)		48		258		2,355
Reserve for unfunded lending commitments			59		―		―		(8)		51
Allowance for credit losses		$	2,575	$	(467)	$	48	$	250	$	2,406

		Nine Months Ended September 30, 2011
		Beginning		Charge-						Ending
		Balance		Offs		Recoveries		Provision		Balance
		(Dollars in millions)
Commercial:
	Commercial and industrial	$	621	$	(242)	$	22	$	35	$	436
	Commercial real estate - other		446		(213)		15		182		430
	Commercial real estate - residential ADC		469		(210)		20		49		328
	Specialized lending		21		(6)		3		(5)		13
Retail:
	Direct retail lending		246		(218)		27		165		220
	Revolving credit		109		(74)		14		56		105
	Residential mortgage		298		(224)		3		287		364
	Sales finance		47		(24)		7		9		39
	Specialized lending		177		(131)		17		114		177
Covered and other acquired			144		(53)		―		22		113
Unallocated			130		―		―		―		130
Allowance for loan and lease losses			2,708		(1,395)		128		914		2,355
Reserve for unfunded lending commitments			47		―		―		4		51
Allowance for credit losses		$	2,755	$	(1,395)	$	128	$	918	$	2,406

			Three Months Ended		Nine Months Ended
			September 30, 2010		September 30, 2010
			(Dollars in millions)
Beginning balance			$	2,753	$	2,672
	Provision for credit losses			770		1,995
	Loans and leases charged-off			(901)		(2,081)
	Recoveries of previous charge-offs			28		91
		Net loans and leases charged-off		(873)		(1,990)
	Other changes, net			―		(27)
Ending balance			$	2,650	$	2,650
Allowance for loan and lease losses			$	2,611	$	2,611
Reserve for unfunded lending commitments				39		39
Allowance for credit losses			$	2,650	$	2,650

Breakdown of Allowance for Loan and Lease Losses Based on Method for Determining Allowance

		September 30, 2011
		Allowance for Loan and Lease Losses
						Loans
						Acquired
		Individually		Collectively		With
		Evaluated		Evaluated		Deteriorated
		for		for		Credit
		Impairment		Impairment		Quality		Total
		(Dollars in millions)
Commercial:
	Commercial and industrial	$	87	$	349	$	―	$	436
	Commercial real estate - other		72		358		―		430
	Commercial real estate - residential ADC		54		274		―		328
	Specialized lending		1		12		―		13
Retail:
	Direct retail lending		32		188		―		220
	Revolving credit		26		79		―		105
	Residential mortgage		148		216		―		364
	Sales finance		1		38		―		39
	Specialized lending		19		158		―		177
Covered and other acquired			―		49		64		113
Unallocated			―		130		―		130
Total		$	440	$	1,851	$	64	$	2,355

		December 31, 2010
		Allowance for Loan and Lease Losses
						Loans
						Acquired
		Individually		Collectively		With
		Evaluated		Evaluated		Deteriorated
		for		for		Credit
		Impairment		Impairment		Quality		Total
		(Dollars in millions)
Commercial:
	Commercial and industrial	$	96	$	525	$	―	$	621
	Commercial real estate - other		63		383		―		446
	Commercial real estate - residential ADC		75		394		―		469
	Specialized lending		1		20		―		21
Retail:
	Direct retail lending		26		220		―		246
	Revolving credit		25		84		―		109
	Residential mortgage		167		131		―		298
	Sales finance		1		46		―		47
	Specialized lending		2		175		―		177
Covered and other acquired			―		54		90		144
Unallocated			―		130		―		130
Total		$	456	$	2,162	$	90	$	2,708

Breakdown of Recorded Investment in Loans Based on Method for Determining Allowance

		September 30, 2011
		Loans and Leases
						Loans
						Acquired
		Individually		Collectively		With
		Evaluated		Evaluated		Deteriorated
		for		for		Credit
		Impairment		Impairment		Quality		Total
		(Dollars in millions)
Commercial:
	Commercial and industrial	$	643	$	34,174	$	―	$	34,817
	Commercial real estate - other		562		10,369		―		10,931
	Commercial real estate - residential ADC		483		1,931		―		2,414
	Specialized lending		5		3,590		―		3,595
Retail:
	Direct retail lending		164		13,718		―		13,882
	Revolving credit		63		2,065		―		2,128
	Residential mortgage		845		18,516		―		19,361
	Sales finance		8		7,257		―		7,265
	Specialized lending		44		4,997		―		5,041
Covered and other acquired			―		2,942		2,327		5,269
Total		$	2,817	$	99,559	$	2,327	$	104,703

		December 31, 2010
		Loans and Leases
						Loans
						Acquired
		Individually		Collectively		With
		Evaluated		Evaluated		Deteriorated
		for		for		Credit
		Impairment		Impairment		Quality		Total
		(Dollars in millions)
Commercial:
	Commercial and industrial	$	708	$	33,342	$	―	$	34,050
	Commercial real estate - other		691		10,748		―		11,439
	Commercial real estate - residential ADC		684		2,713		―		3,397
	Specialized lending		4		3,399		―		3,403
Retail:
	Direct retail lending		177		13,572		―		13,749
	Revolving credit		62		2,065		―		2,127
	Residential mortgage		803		16,747		―		17,550
	Sales finance		5		7,045		―		7,050
	Specialized lending		24		4,526		―		4,550
Covered and other acquired			―		3,394		2,858		6,252
Total		$	3,158	$	97,551	$	2,858	$	103,567

Schedule of Commercial Credit Exposure Credit Risk Profile by Internal Loan Risk Rating

	September 30, 2011
	Commercial
					Commercial
			Commercial		Real Estate -
	Commercial		Real Estate -		Residential		Specialized
	& Industrial		Other		ADC		Lending
	(Dollars in millions)
Pass	$	31,742	$	8,693	$	1,188	$	3,548
Special mention		527		210		61		3
Substandard - performing		1,969		1,590		737		34
Nonperforming		579		438		428		10
Total (1)	$	34,817	$	10,931	$	2,414	$	3,595

	December 31, 2010
	Commercial
					Commercial
			Commercial		Real Estate -
	Commercial		Real Estate -		Residential		Specialized
	& Industrial		Other		ADC		Lending
	(Dollars in millions)
Pass	$	30,774	$	9,095	$	1,587	$	3,348
Special mention		554		306		108		30
Substandard - performing		2,214		1,633		1,189		14
Nonperforming		508		405		513		11
Total (1)	$	34,050	$	11,439	$	3,397	$	3,403

(1) Excludes nonperforming commercial loans held for sale of $26 million and $521 million as of September 30, 2011 and December 31, 2010, respectively.

Schedule of Retail Credit Exposure Credit Risk Profile Based on Payment Activity

	September 30, 2011
	Retail
	Direct Retail		Revolving		Residential		Sales		Specialized
	Lending		Credit		Mortgage		Finance		Lending
	(Dollars in millions)
Performing	$	13,731	$	2,128	$	19,063	$	7,258	$	4,995
Nonperforming		151		―		298		7		46
Total	$	13,882	$	2,128	$	19,361	$	7,265	$	5,041

	December 31, 2010
	Retail
	Direct Retail		Revolving		Residential		Sales		Specialized
	Lending		Credit		Mortgage		Finance		Lending
	(Dollars in millions)
Performing	$	13,558	$	2,127	$	17,084	$	7,044	$	4,501
Nonperforming		191		―		466		6		49
Total	$	13,749	$	2,127	$	17,550	$	7,050	$	4,550

Aging Analysis of Past Due Loans and Leases

		September 30, 2011
		Loans and Leases Excluding Covered (1)
		Accruing Loans and Leases
						90 Days Or		Nonaccrual		Total Loans And
				30-89 Days		More Past		Loans And		Leases, Excluding
		Current		Past Due		Due		Leases (2)		Covered Loans
		(Dollars in millions)
Commercial:
	Commercial and industrial	$	34,161	$	76	$	1	$	579	$	34,817
	Commercial real estate - other		10,464		27		2		438		10,931
	Commercial real estate - residential ADC		1,959		27		―		428		2,414
	Specialized lending		3,568		14		3		10		3,595
Retail:
	Direct retail lending		13,531		148		52		151		13,882
	Revolving credit		2,090		23		15		―		2,128
	Residential mortgage (3)		18,260		527		276		298		19,361
	Sales finance		7,172		67		19		7		7,265
	Specialized lending		4,764		229		2		46		5,041
Other acquired			44		1		2		―		47
Total (3)		$	96,013	$	1,139	$	372	$	1,957	$	99,481

			December 31, 2010
			Loans and Leases Excluding Covered (1)
			Accruing Loans and Leases
							90 Days Or		Nonaccrual		Total Loans And
					30-89 Days		More Past		Loans And		Leases, Excluding
			Current		Past Due		Due		Leases (2)		Covered Loans
			(Dollars in millions)
	Commercial:
		Commercial and industrial	$	33,371	$	163	$	8	$	508	$	34,050
		Commercial real estate - other		10,962		68		4		405		11,439
		Commercial real estate - residential ADC		2,792		84		8		513		3,397
		Specialized lending		3,358		29		5		11		3,403
	Retail:
		Direct retail lending		13,293		189		76		191		13,749
		Revolving credit		2,079		28		20		―		2,127
		Residential mortgage (3)		16,173		615		296		466		17,550
		Sales finance		6,922		95		27		6		7,050
		Specialized lending		4,281		219		1		49		4,550
	Other acquired			54		1		3		―		58
	Total (3)		$	93,285	$	1,491	$	448	$	2,149	$	97,373
(1)	Covered loans have been excluded from this aging analysis because they are covered by FDIC loss sharing agreements, and their related allowance is determined by loan pool performance due to the application of the accretion method.
(2)	Excludes nonperforming commercial loans held for sale of $26 million and $521 million as of September 30, 2011 and December 31, 2010, respectively.
(3)	Residential mortgage loans include $82 million and $83 million in government guaranteed loans 30-89 days past due, and $185 million and $153 million in government guaranteed loans 90 days or more past due as of September 30, 2011 and December 31, 2010, respectively.

Schedule of Information Regarding Impaired Loans

		September 30, 2011
				Unpaid				Average		Interest
		Recorded		Principal		Related		Recorded		Income
		Investment		Balance		Allowance		Investment		Recognized
		(Dollars in millions)
With No Related Allowance Recorded:
Commercial:
	Commercial and industrial	$	149	$	225	$	―	$	119	$	―
	Commercial real estate - other		149		194		―		105		―
	Commercial real estate - residential ADC		182		342		―		186		―
	Specialized lending		―		―		―		―		―
Retail:
	Direct retail lending		23		80		―		27		1
	Residential mortgage (1)		28		55		―		33		1
	Sales finance		1		1		―		1		―
	Specialized lending		2		3		―		2		―
With An Allowance Recorded:
Commercial:
	Commercial and industrial		494		513		87		343		1
	Commercial real estate - other		413		456		72		348		4
	Commercial real estate - residential ADC		301		339		54		232		2
	Specialized lending		5		5		1		4		―
Retail:
	Direct retail lending		141		148		32		127		6
	Revolving credit		63		62		26		61		2
	Residential mortgage (1)		608		625		126		582		20
	Sales finance		7		10		1		5		―
	Specialized lending		42		45		19		15		1
Total (1)		$	2,608	$	3,103	$	418	$	2,190	$	38

			December 31, 2010
					Unpaid
			Recorded		Principal		Related
			Investment		Balance		Allowance
			(Dollars in millions)
	With No Related Allowance Recorded:
	Commercial:
		Commercial and industrial	$	196	$	267	$	―
		Commercial real estate - other		175		246		―
		Commercial real estate - residential ADC		200		300		―
	Retail:
		Direct retail lending		22		69		―
		Residential mortgage (1)		25		50		―
	With An Allowance Recorded:
	Commercial:
		Commercial and industrial		512		534		96
		Commercial real estate - other		516		565		63
		Commercial real estate - residential ADC		484		556		75
		Specialized lending		4		4		1
	Retail:
		Direct retail lending		155		161		26
		Revolving credit		62		61		25
		Residential mortgage (1)		663		690		153
		Sales finance		5		5		1
		Specialized lending		24		24		2
	Total (1)		$	3,043	$	3,532	$	442
(1)	Residential mortgage loans exclude $209 million and $115 million in government guaranteed loans and related allowance of $22 million and $14 million as of September 30, 2011 and December 31, 2010, respectively.

Summary Of Reason For Classification As Troubled Debt Restructurings

			Three Months Ended						Nine Months Ended
			September 30, 2011						September 30, 2011
			Types of						Types of
			Modifications (1)				Increase To		Modifications (1)				Increase To
			Rate (2)		Structure		Allowance		Rate (2)		Structure		Allowance
			(Dollars in millions)
	Commercial:
		Commercial and industrial	$	5	$	9	$	1	$	26	$	36	$	3
		Commercial real estate - other		9		22		2		35		45		5
		Commercial real estate - residential ADC		7		14		1		23		37		8
		Specialized lending		1		1		―		1		1		―
	Retail:
		Direct retail lending		10		1		2		42		4		7
		Revolving credit		10		―		2		31		―		6
		Residential mortgage		23		2		2		77		7		10
		Sales finance		2		―		―		4		3		1
		Specialized lending		8		2		4		30		5		12
(1)	Includes modifications made to existing restructurings, as well as new modifications that are considered restructurings. Balances represent the recorded investment as of the end of the period in which the modification was made.
(2)	Includes restructurings made with a below market interest rate that also includes a modification of loan structure.

Loans Modified In Past Twelve Months Which Subsequently Defaulted

		Three		Nine
		Months		Months
		Ended		Ended
		September		September
		30, 2011		30, 2011
		(Dollars in millions)
Commercial:
	Commercial and industrial	$	5	$	38
	Commercial real estate - other		4		79
	Commercial real estate - residential ADC		11		73
	Specialized lending		―		―
Retail:
	Direct retail lending		1		14
	Revolving credit		3		11
	Residential mortgage		5		23
	Sales finance		―		1
	Specialized lending		2		4