| Schedule Of Fair Value Option Elections [Table Text Block] |
The table below provides information about the fair value carrying amount and the contractual principal outstanding of assets and liabilities accounted for under the fair value option at December 31, 2011 and 2010.
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Fair Value Option Elections |
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December 31 |
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2011 |
|
2010 |
(Dollars in millions) |
Fair Value Carrying Amount |
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Contractual Principal Outstanding |
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Fair Value Carrying Amount Less Unpaid Principal |
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Fair Value Carrying Amount |
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Contractual Principal Outstanding |
|
Fair Value Carrying Amount Less Unpaid Principal |
Loans reported as trading account assets |
$ |
1,151 |
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$ |
2,371 |
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$ |
(1,220 |
) |
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$ |
964 |
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$ |
1,917 |
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$ |
(953 |
) |
Consumer and commercial loans |
8,804 |
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10,823 |
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(2,019 |
) |
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3,269 |
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3,638 |
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(369 |
) |
Loans held-for-sale |
7,630 |
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9,673 |
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(2,043 |
) |
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25,942 |
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28,370 |
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(2,428 |
) |
Securities financing agreements |
121,688 |
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121,092 |
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596 |
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116,023 |
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115,053 |
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970 |
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Other assets |
251 |
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n/a |
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n/a |
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310 |
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n/a |
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n/a |
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Long-term deposits |
3,297 |
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3,035 |
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262 |
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2,732 |
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2,692 |
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40 |
|
Asset-backed secured financings |
650 |
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1,271 |
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(621 |
) |
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706 |
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1,356 |
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(650 |
) |
Unfunded loan commitments |
1,249 |
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n/a |
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n/a |
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866 |
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n/a |
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n/a |
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Other short-term borrowings |
5,908 |
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5,909 |
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(1 |
) |
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6,472 |
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6,472 |
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— |
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Long-term debt (1)
|
46,239 |
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55,854 |
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(9,615 |
) |
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50,984 |
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54,656 |
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(3,672 |
) |
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(1) |
The majority of the difference between the fair value carrying amount and contractual principal outstanding at December 31, 2011 relates to the impact of widening of the Corporation’s credit spreads, as well as the fair value of the embedded derivative, where applicable.
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n/a = not applicable
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| Fair Value Option [Table Text Block] |
able
The following tables provide information about where changes in the fair value of assets and liabilities accounted for under the fair value option are included in the Consolidated Statement of Income for 2011, 2010 and 2009.
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Gains (Losses) Relating to Assets and Liabilities Accounted for Under the Fair Value Option |
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2011 |
(Dollars in millions) |
Trading Account Profits (Losses) |
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Mortgage Banking Income
(Loss)
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Other
Income
(Loss) (1)
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Total |
Loans reported as trading account assets |
$ |
73 |
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$ |
— |
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$ |
— |
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$ |
73 |
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Consumer and commercial loans |
15 |
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— |
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(275 |
) |
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(260 |
) |
Loans held-for-sale |
(20 |
) |
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4,137 |
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148 |
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4,265 |
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Securities financing agreements |
— |
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— |
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127 |
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127 |
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Other assets |
— |
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— |
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196 |
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196 |
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Long-term deposits |
— |
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— |
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(77 |
) |
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(77 |
) |
Asset-backed secured financings |
— |
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(30 |
) |
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— |
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(30 |
) |
Unfunded loan commitments |
— |
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— |
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(429 |
) |
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(429 |
) |
Other short-term borrowings |
261 |
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— |
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— |
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261 |
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Long-term debt (2)
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2,149 |
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— |
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3,320 |
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5,469 |
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Total |
$ |
2,478 |
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$ |
4,107 |
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$ |
3,010 |
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$ |
9,595 |
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2010 |
Loans reported as trading account assets |
$ |
157 |
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$ |
— |
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$ |
— |
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$ |
157 |
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Commercial loans |
2 |
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— |
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82 |
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84 |
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Loans held-for-sale |
— |
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9,091 |
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493 |
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9,584 |
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Securities financing agreements |
— |
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— |
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52 |
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52 |
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Other assets |
— |
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— |
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107 |
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107 |
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Long-term deposits |
— |
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— |
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(48 |
) |
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(48 |
) |
Asset-backed secured financings |
— |
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(95 |
) |
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— |
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(95 |
) |
Unfunded loan commitments |
— |
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— |
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23 |
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23 |
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Other short-term borrowings |
(192 |
) |
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— |
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— |
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(192 |
) |
Long-term debt (2)
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(621 |
) |
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— |
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18 |
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(603 |
) |
Total |
$ |
(654 |
) |
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$ |
8,996 |
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$ |
727 |
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$ |
9,069 |
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2009 |
Loans reported as trading account assets |
$ |
259 |
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$ |
— |
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$ |
— |
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$ |
259 |
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Commercial loans |
25 |
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— |
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521 |
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|
546 |
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Loans held-for-sale |
(211 |
) |
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8,251 |
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588 |
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8,628 |
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Securities financing agreements |
— |
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— |
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(292 |
) |
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(292 |
) |
Other assets |
379 |
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— |
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(177 |
) |
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202 |
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Long-term deposits |
— |
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— |
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35 |
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35 |
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Asset-backed secured financings |
— |
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(11 |
) |
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— |
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(11 |
) |
Unfunded loan commitments |
— |
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— |
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1,365 |
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1,365 |
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Other short-term borrowings |
(236 |
) |
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— |
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— |
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(236 |
) |
Long-term debt (2)
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(3,938 |
) |
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— |
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(4,900 |
) |
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(8,838 |
) |
Total |
$ |
(3,722 |
) |
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$ |
8,240 |
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$ |
(2,860 |
) |
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$ |
1,658 |
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(1) |
Other assets includes $177 million of equity investment loss for 2009.
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(2) |
Balances in other income (loss) for long-term debt relate to changes in fair value that were attributable to changes in the Corporation’s credit spreads. |
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