Loan Servicing (Tables)

3 Months Ended

Mar. 31, 2012

Summary of Residential Mortgage Loans Managed or Securitized and Related Delinquencies and Net Charge-Offs

			March 31,		December 31,
			2012		2011

			(Dollars in millions)
	Mortgage loans managed or securitized (1)		$	26,166	$	26,559
	Less: Loans securitized and transferred to securities available for sale			4		4
		Loans held for sale		2,209		3,394
		Covered mortgage loans		1,212		1,264
		Mortgage loans sold with recourse		1,228		1,316
	Mortgage loans held for investment		$	21,513	$	20,581
	Mortgage loans on nonaccrual status		$	320	$	308
	Mortgage loans 90 days or more past due and still accruing interest (2)			72		104
	Mortgage loans net charge-offs (3)			41		264


(1)	Balances exclude loans serviced for others with no other continuing involvement.
(2)	Includes amounts related to residential mortgage loans held for sale and excludes amounts related to government guaranteed loans and covered mortgage loans. Refer to Loans and Leases Note for additional disclosures related to past due government guaranteed loans.
(3)	Net charge-offs for March 31, 2012 reflect three months.

Schedule of Residential Mortgage Servicing Assets

				Residential Mortgage Servicing Rights
				Three Months Ended March 31,
					2012		2011

				(Dollars in millions)
	Carrying value, January 1,			$	563	$	830
		Additions			84		86
		Increase (decrease) in fair value:
			Due to changes in valuation inputs or assumptions		92		40
		Other changes (1)			(43)		(28)
	Carrying value, March 31,			$	696	$	928


(1)	Represents the realization of expected net servicing cash flows, expected borrower payments and the passage of time.

Residential Mortgage Servicing Rights Sensitivity

			Residential
			Mortgage Servicing Rights
			March 31, 2012

			(Dollars in millions)
Fair value of residential mortgage servicing rights				$	696
Composition of residential loans serviced for others:
	Fixed-rate mortgage loans				99	%
	Adjustable-rate mortgage loans				1
		Total			100	%
Weighted average life					4.5	yrs

Prepayment speed					16.5	%
	Effect on fair value of a 10% increase			$	(39)
	Effect on fair value of a 20% increase				(73)

Weighted average discount rate					9.8	%
	Effect on fair value of a 10% increase			$	(25)
	Effect on fair value of a 20% increase				(48)

- Definition

Tabular disclosure of a sensitivity analysis or stress test showing the hypothetical effect on the fair value of the transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) of two or more unfavorable variations from the expected levels for each key assumption that is reported, independently determined from any change in another key assumption, and a description of the objectives, methodology, and limitations of the sensitivity analysis or stress test.

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- Definition

Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

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