Bank of America Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Outstanding Loans and Leases (Tables)

Outstanding Loans and Leases (Tables)

9 Months Ended

Sep. 30, 2011

Loans and Leases Receivable, Net of Deferred Income [Abstract]



	September 30, 2011
(Dollars in millions)	30-59 Days Past Due ⁽¹⁾			60-89 Days Past Due ⁽¹⁾			90 Days or More Past Due ⁽²⁾			Total Past Due 30 Days or More			Total Current or Less Than 30 Days Past Due ⁽³⁾			Purchased Credit - impaired ⁽⁴⁾			Loans Accounted for Under the Fair Value Option			Total Outstandings
Home loans
Core portfolio
Residential mortgage ⁽⁵⁾	$	1,833		$	736		$	2,398		$	4,967		$	174,154		$	—					$	179,121
Home equity	271			152			324			747			67,509			—						68,256
Legacy Asset Servicing portfolio
Residential mortgage	3,632			2,358			32,504			38,494			38,636			10,265						87,395
Home equity	877			529			1,703			3,109			44,229			12,142						59,480
Discontinued real estate ⁽⁶⁾	51			27			378			456			844			10,241						11,541
Credit card and other consumer
U.S. credit card	1,079			813			2,128			4,020			98,783			—						102,803
Non-U.S. credit card	215			177			416			808			15,278			—						16,086
Direct/Indirect consumer ⁽⁷⁾	770			374			775			1,919			88,555			—						90,474
Other consumer ⁽⁸⁾	56			19			26			101			2,709			—						2,810
Total consumer loans	8,784			5,185			40,652			54,621			530,697			32,648						617,966
Consumer loans accounted for under the fair value option ⁽⁹⁾																			$	4,741		4,741
Total consumer	8,784			5,185			40,652			54,621			530,697			32,648			4,741			622,707
Commercial
U.S. commercial	269			204			1,056			1,529			177,477			—						179,006
Commercial real estate ⁽¹⁰⁾	102			275			2,204			2,581			38,307			—						40,888
Commercial lease financing	44			41			22			107			21,243			—						21,350
Non-U.S. commercial	—			—			1			1			48,460			—						48,461
U.S. small business commercial	129			107			291			527			13,109			—						13,636
Total commercial loans	544			627			3,574			4,745			298,596			—						303,341
Commercial loans accounted for under the fair value option ⁽⁹⁾																			6,483			6,483
Total commercial	544			627			3,574			4,745			298,596			—			6,483			309,824
Total loans and leases	$	9,328		$	5,812		$	44,226		$	59,366		$	829,293		$	32,648		$	11,224		$	932,531
Percentage of outstandings	1.00		%	0.62		%	4.74		%	6.36		%	88.94		%	3.50		%	1.20		%


⁽¹⁾	Home loans includes $3.8 billion of fully-insured loans, $737 million of nonperforming loans and $118 million of TDRs that were removed from the Countrywide PCI loan portfolio prior to the adoption of accounting guidance on PCI loans effective January 1, 2010.


⁽²⁾	Home loans includes $20.3 billion of fully-insured loans and $387 million of TDRs that were removed from the Countrywide PCI loan portfolio prior to the adoption of accounting guidance on PCI loans effective January 1, 2010.


⁽³⁾	Home loans includes $1.7 billion of nonperforming loans as all principal and interest are not current or the loans are TDRs that have not demonstrated sustained repayment performance.


⁽⁴⁾	PCI loan amounts are shown gross of the valuation allowance.


⁽⁵⁾	Total outstandings includes non-U.S. residential mortgages of $86 million at September 30, 2011.


⁽⁶⁾	Total outstandings includes $10.3 billion of pay option loans and $1.2 billion of subprime loans at September 30, 2011. The Corporation no longer originates these products.


⁽⁷⁾	Total outstandings includes dealer financial services loans of $43.6 billion, consumer lending of $8.9 billion, U.S. securities-based lending margin loans of $22.3 billion, student loans of $6.1 billion, non-U.S. consumer loans of $7.8 billion and other consumer loans of $1.8 billion at September 30, 2011.


⁽⁸⁾	Total outstandings includes consumer finance loans of $1.7 billion, other non-U.S. consumer loans of $992 million and consumer overdrafts of $94 million at September 30, 2011.

⁽⁹⁾

Certain consumer loans are accounted for under the fair value option and include residential mortgage loans of $1.3 billion and discontinued real estate loans of $3.4 billion at September 30, 2011. Certain commercial loans are accounted for under the fair value option and include U.S. commercial loans of $1.9 billion, non-U.S. commercial loans of $4.5 billion and commercial real estate loans of $75 million at September 30, 2011. See Note 16 – Fair Value Measurements and Note 17 – Fair Value Option for additional information.


⁽¹⁰⁾	Total outstandings includes U.S. commercial real estate loans of $39.3 billion and non-U.S. commercial real estate loans of $1.6 billion at September 30, 2011.



	December 31, 2010
(Dollars in millions)	30-59 Days Past Due ⁽¹⁾			60-89 Days Past Due ⁽¹⁾			90 Days or More Past Due ⁽²⁾			Total Past Due 30 Days or More			Total Current or Less Than 30 Days Past Due ⁽³⁾			Purchased Credit - impaired ⁽⁴⁾			Loans Accounted for Under the Fair Value Option			Total Outstandings
Home loans
Core portfolio
Residential mortgage ⁽⁵⁾	$	1,160		$	236		$	1,255		$	2,651		$	164,276		$	—					$	166,927
Home equity	186			12			105			303			71,216			—						71,519
Legacy Asset Servicing portfolio
Residential mortgage	3,999			2,879			31,985			38,863			41,591			10,592						91,046
Home equity	1,096			792			2,186			4,074			49,798			12,590						66,462
Discontinued real estate⁽⁶⁾	68			39			419			526			930			11,652						13,108
Credit card and other consumer
U.S. credit card	1,398			1,195			3,320			5,913			107,872			—						113,785
Non-U.S. credit card	439			316			599			1,354			26,111			—						27,465
Direct/Indirect consumer⁽⁷⁾	1,086			522			1,104			2,712			87,596			—						90,308
Other consumer ⁽⁸⁾	65			25			50			140			2,690			—						2,830
Total consumer	9,497			6,016			41,023			56,536			552,080			34,834						643,450
Commercial
U.S. commercial	605			341			1,453			2,399			173,185			2						175,586
Commercial real estate ⁽⁹⁾	535			186			3,554			4,275			44,957			161						49,393
Commercial lease financing	95			23			31			149			21,793			—						21,942
Non-U.S. commercial	25			2			6			33			31,955			41						32,029
U.S. small business commercial	195			165			438			798			13,921			—						14,719
Total commercial loans	1,455			717			5,482			7,654			285,811			204						293,669
Commercial loans accounted for under the fair value option ⁽¹⁰⁾																			$	3,321		3,321
Total commercial	1,455			717			5,482			7,654			285,811			204			3,321			296,990
Total loans and leases	$	10,952		$	6,733		$	46,505		$	64,190		$	837,891		$	35,038		$	3,321		$	940,440
Percentage of outstandings	1.16		%	0.72		%	4.95		%	6.83		%	89.10		%	3.72		%	0.35		%


⁽¹⁾	Home loans includes $2.4 billion of fully-insured loans, $818 million of nonperforming loans and $156 million of TDRs that were removed from the Countrywide PCI loan portfolio prior to the adoption of accounting guidance on PCI loans effective January 1, 2010.


⁽²⁾	Home loans includes $16.8 billion of fully-insured loans and $372 million of TDRs that were removed from the Countrywide PCI loan portfolio prior to the adoption of accounting guidance on PCI loans effective January 1, 2010.


⁽³⁾	Home loans includes $1.1 billion of nonperforming loans as all principal and interest are not current or the loans are TDRs that have not demonstrated sustained repayment performance.


⁽⁴⁾	PCI loan amounts are shown gross of the valuation allowance and exclude $1.6 billion of PCI home loans from the Merrill Lynch acquisition which are included in their appropriate aging categories.


⁽⁵⁾	Total outstandings includes non-U.S. residential mortgages of $90 million at December 31, 2010.


⁽⁶⁾	Total outstandings includes $11.8 billion of pay option loans and $1.3 billion of subprime loans at December 31, 2010. The Corporation no longer originates these products.


⁽⁷⁾	Total outstandings includes dealer financial services loans of $43.3 billion, consumer lending of $12.4 billion, U.S. securities-based lending margin loans of $16.6 billion, student loans of $6.8 billion, non-U.S. consumer loans of $8.0 billion and other consumer loans of $3.2 billion at December 31, 2010.


⁽⁸⁾	Total outstandings includes consumer finance loans of $1.9 billion, other non-U.S. consumer loans of $803 million and consumer overdrafts of $88 million at December 31, 2010.


⁽⁹⁾	Total outstandings includes U.S. commercial real estate loans of $46.9 billion and non-U.S. commercial real estate loans of $2.5 billion at December 31, 2010.


⁽¹⁰⁾	Certain commercial loans are accounted for under the fair value option and include U.S. commercial loans of $1.6 billion, non-U.S. commercial loans of $1.7 billion and commercial real estate loans of $79 million at December 31, 2010. See Note 16 – Fair Value Measurements and Note 17 – Fair Value Option for additional information.

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]



	Nonperforming Loans and Leases				Accruing Past Due 90 Days or More
(Dollars in millions)	September 30 2011		December 31 2010		September 30 2011		December 31 2010
Home loans
Core portfolio
Residential mortgage ⁽¹⁾	$	2,075	$	1,510	$	618	$	16
Home equity	336		107		—		—
Legacy Asset Servicing portfolio
Residential mortgage ⁽¹⁾	14,355		16,181		19,681		16,752
Home equity	1,997		2,587		—		—
Discontinued real estate	308		331		—		—
Credit card and other consumer
U.S. credit card	n/a		n/a		2,128		3,320
Non-U.S. credit card	n/a		n/a		416		599
Direct/Indirect consumer	52		90		734		1,058
Other consumer	24		48		2		2
Total consumer	19,147		20,854		23,579		21,747
Commercial
U.S. commercial	2,518		3,453		97		236
Commercial real estate	4,474		5,829		88		47
Commercial lease financing	23		117		18		18
Non-U.S. commercial	145		233		1		6
U.S. small business commercial	139		204		223		325
Total commercial	7,299		9,836		427		632
Total consumer and commercial	$	26,446	$	30,690	$	24,006	$	22,379

⁽¹⁾

Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At September 30, 2011 and December 31, 2010, residential mortgage includes $15.4 billion and $8.3 billion of loans on which interest has been curtailed by the Federal Housing Administration, and therefore are no longer accruing interest, although principal is still insured, and $4.9 billion and $8.5 billion of loans on which interest is still accruing.

n/a = not applicable

Credit quality indicators related to the Corporation's home loans, credit card and other consumer

The tables below present certain credit quality indicators for the Corporation’s home loans, credit card and other consumer loans, and commercial loan portfolio segments, by class of financing receivables, at September 30, 2011 and December 31, 2010.



Home Loans ⁽¹⁾
	September 30, 2011
(Dollars in millions)	Core Portfolio Residential Mortgage ⁽²⁾		Legacy Asset Servicing Residential Mortgage ⁽²⁾		Countrywide Residential Mortgage PCI		Core Portfolio Home Equity ⁽²⁾		Legacy Asset Servicing Home Equity ⁽²⁾		Countrywide Home Equity PCI		Legacy Asset Servicing Discontinued Real Estate ⁽²⁾		Countrywide Discontinued Real Estate PCI
Refreshed LTV ⁽³⁾
Less than 90 percent	$	82,646	$	20,554	$	3,985	$	46,159	$	17,275	$	2,190	$	919	$	6,210
Greater than 90 percent but less than 100 percent	12,062		6,149		1,611		7,094		4,971		1,104		130		1,248
Greater than 100 percent	18,291		24,671		4,669		15,003		25,092		8,848		251		2,783
Fully-insured loans ⁽⁴⁾	66,122		25,756		—		—		—		—		—		—
Total home loans	$	179,121	$	77,130	$	10,265	$	68,256	$	47,338	$	12,142	$	1,300	$	10,241

Refreshed FICO score
Less than 620	$	6,962	$	19,818	$	3,869	$	4,048	$	9,298	$	2,964	$	592	$	6,255
Greater than or equal to 620	106,037		31,556		6,396		64,208		38,040		9,178		708		3,986
Fully-insured loans ⁽⁴⁾	66,122		25,756		—		—		—		—		—		—
Total home loans	$	179,121	$	77,130	$	10,265	$	68,256	$	47,338	$	12,142	$	1,300	$	10,241


⁽¹⁾	Excludes $4.7 billion of loans accounted for under the fair value option.


⁽²⁾	Excludes Countrywide PCI loans.


⁽³⁾	Refreshed LTV percentages for PCI loans were calculated using the carrying value net of the related valuation allowance.


⁽⁴⁾	Credit quality indicators are not reported for fully-insured loans as principal repayment is insured.



Credit Card and Other Consumer
	September 30, 2011
(Dollars in millions)	U.S. Credit Card		Non-U.S. Credit Card		Direct/Indirect Consumer		Other Consumer ⁽¹⁾
Refreshed FICO score
Less than 620	$	8,498	$	—	$	4,417	$	836
Greater than or equal to 620	94,305		—		47,409		889
Other internal credit metrics ^{(2, 3, 4)}	—		16,086		38,648		1,085
Total credit card and other consumer	$	102,803	$	16,086	$	90,474	$	2,810


⁽¹⁾	96 percent of the other consumer portfolio was associated with portfolios from certain consumer finance businesses that the Corporation previously exited.


⁽²⁾	Other internal credit metrics may include delinquency status, geography or other factors.


⁽³⁾	Direct/indirect consumer includes $29.9 billion of securities-based lending which is overcollateralized and therefore has minimal credit risk and $6.1 billion of loans the Corporation no longer originates.


⁽⁴⁾	Non-U.S. credit card represents the select European countries’ credit card portfolios which are evaluated using internal credit metrics, including delinquency status. At September 30, 2011, 95 percent of this portfolio was current or less than 30 days past due, two percent was 30-89 days past due and three percent was 90 days past due or more.



Commercial ⁽¹⁾
	September 30, 2011
(Dollars in millions)	U.S. Commercial		Commercial Real Estate		Commercial Lease Financing		Non-U.S. Commercial		U.S. Small Business Commercial
Risk Ratings
Pass rated	$	167,599	$	27,932	$	20,385	$	46,554	$	2,558
Reservable criticized	11,407		12,956		965		1,907		897
Refreshed FICO score ⁽²⁾
Less than 620									611
Greater than or equal to 620									4,872
Other internal credit metrics ^{(2, 3, 4)}									4,698
Total commercial credit	$	179,006	$	40,888	$	21,350	$	48,461	$	13,636


⁽¹⁾	Excludes $6.5 billion of loans accounted for under the fair value option.


⁽²⁾	Refreshed FICO score and other internal credit metrics are applicable only to the U.S. small business commercial portfolio.


⁽³⁾	U.S. small business commercial includes business card and small business loans which are evaluated using internal credit metrics, including delinquency status. At September 30, 2011, 97 percent was current or less than 30 days past due.


⁽⁴⁾	Other internal credit metrics may include delinquency status, application scores, geography or other factors.



Home Loans
	December 31, 2010
(Dollars in millions)	Core Portfolio Residential Mortgage ⁽¹⁾		Legacy Asset Servicing Residential Mortgage ⁽¹⁾		Countrywide Residential Mortgage PCI		Core Portfolio Home Equity ⁽¹⁾		Legacy Asset Servicing Home Equity ⁽¹⁾		Countrywide Home Equity PCI		Legacy Asset Servicing Discontinued Real Estate ⁽¹⁾		Countrywide Discontinued Real Estate PCI ⁽²⁾
Refreshed LTV ⁽²⁾
Less than 90 percent	$	95,874	$	21,357	$	3,710	$	51,555	$	22,125	$	2,313	$	1,033	$	6,713
Greater than 90 percent but less than 100 percent	11,581		8,234		1,664		7,534		6,504		1,215		155		1,319
Greater than 100 percent	14,047		29,043		5,218		12,430		25,243		9,062		268		3,620
Fully-insured loans ⁽³⁾	45,425		21,820		—		—		—		—		—		—
Total home loans	$	166,927	$	80,454	$	10,592	$	71,519	$	53,872	$	12,590	$	1,456	$	11,652

Refreshed FICO score
Less than 620	$	5,193	$	22,126	$	4,016	$	3,932	$	11,562	$	3,206	$	663	$	7,168
Greater than or equal to 620	116,309		36,508		6,576		67,587		42,310		9,384		793		4,484
Fully-insured loans ⁽³⁾	45,425		21,820		—		—		—		—		—		—
Total home loans	$	166,927	$	80,454	$	10,592	$	71,519	$	53,872	$	12,590	$	1,456	$	11,652


⁽¹⁾	Excludes Countrywide PCI loans.


⁽²⁾	Refreshed LTV percentages for PCI loans were calculated using the carrying value net of the related valuation allowance.


⁽³⁾	Credit quality indicators are not reported for fully-insured loans as principal repayment is insured.



Credit Card and Other Consumer
	December 31, 2010
(Dollars in millions)	U.S. Credit Card		Non-U.S. Credit Card		Direct/Indirect Consumer		Other Consumer ⁽¹⁾
Refreshed FICO score
Less than 620	$	14,159	$	631	$	6,748	$	979
Greater than or equal to 620	99,626		7,528		48,209		961
Other internal credit metrics ^{(2, 3, 4)}	—		19,306		35,351		890
Total credit card and other consumer	$	113,785	$	27,465	$	90,308	$	2,830


⁽¹⁾	96 percent of the other consumer portfolio was associated with portfolios from certain consumer finance businesses that the Corporation previously exited.


⁽²⁾	Other internal credit metrics may include delinquency status, geography or other factors.


⁽³⁾	Direct/indirect consumer includes $24.0 billion of securities-based lending which is overcollateralized and therefore has minimal credit risk and $7.4 billion of loans the Corporation no longer originates.


⁽⁴⁾	Non-U.S. credit card represents the select European countries’ credit card portfolios and a portion of the Canadian credit card portfolio which are evaluated using internal credit metrics, including delinquency status. At December 31, 2010, 95 percent of this portfolio was current or less than 30 days past due, three percent was 30-89 days past due and two percent was 90 days past due or more.



Commercial ⁽¹⁾
	December 31, 2010
(Dollars in millions)	U.S. Commercial		Commercial Real Estate		Commercial Lease Financing		Non-U.S. Commercial		U.S. Small Business Commercial
Risk Ratings
Pass rated	$	160,154	$	29,757	$	20,754	$	30,180	$	3,139
Reservable criticized	15,432		19,636		1,188		1,849		988
Refreshed FICO score ⁽²⁾
Less than 620									888
Greater than or equal to 620									5,083
Other internal credit metrics ^{(2, 3, 4)}									4,621
Total commercial credit	$	175,586	$	49,393	$	21,942	$	32,029	$	14,719


⁽¹⁾	Includes $204 million of PCI loans in the commercial portfolio segment and excludes $3.3 billion of loans accounted for under the fair value option.


⁽²⁾	Refreshed FICO score and other internal credit metrics are applicable only to the U.S. small business commercial portfolio.


⁽³⁾	U.S. small business commercial includes business card and small business loans which are evaluated using internal credit metrics, including delinquency status. At December 31, 2010, 95 percent was current or less than 30 days past due.


⁽⁴⁾	Other internal credit metrics may include delinquency status, application scores, geography or other factors.

Impaired Loans and Troubled Debt Restructurings

Impaired Financing Receivables [Table Text Block]

The table below presents impaired loans in the Corporation’s home loans portfolio segment at September 30, 2011, December 31, 2010 and September 30, 2010. The impaired home loans table below includes primarily loans managed by Legacy Asset Servicing. Certain impaired home loans do not have a related allowance as the current valuation of these impaired loans exceeded the carrying value.



Impaired Loans - Home Loans
							Three Months Ended September 30
	September 30, 2011						2011				2010
(Dollars in millions)	Unpaid Principal Balance		Carrying Value		Related Allowance		Average Carrying Value		Interest Income Recognized ⁽¹⁾		Average Carrying Value		Interest Income Recognized ⁽¹⁾
With no recorded allowance
Residential mortgage	$	9,373	$	7,161	n/a		$	6,280	$	54	$	5,044	$	51
Home equity	1,519		418		n/a		407		6		506		6
Discontinued real estate	397		227		n/a		210		2		207		2
With an allowance recorded
Residential mortgage	$	10,577	$	9,355	$	1,274	$	9,547	$	88	$	5,016	$	45
Home equity	1,616		1,334		648		1,384		9		1,373		6
Discontinued real estate	220		164		32		101		2		188		2
Total
Residential mortgage	$	19,950	$	16,516	$	1,274	$	15,827	$	142	$	10,060	$	96
Home equity	3,135		1,752		648		1,791		15		1,879		12
Discontinued real estate	617		391		32		311		4		395		4

							Nine Months Ended September 30
							2011				2010
With no recorded allowance
Residential mortgage							$	5,778	$	170	$	4,057	$	131
Home equity							437		16		472		15
Discontinued real estate							218		6		218		6
With an allowance recorded
Residential mortgage							$	9,042	$	235	$	5,029	$	145
Home equity							1,375		24		1,595		18
Discontinued real estate							150		5		169		5
Total
Residential mortgage							$	14,820	$	405	$	9,086	$	276
Home equity							1,812		40		2,067		33
Discontinued real estate							368		11		387		11

	December 31, 2010						Year Ended December 31, 2010
With no recorded allowance
Residential mortgage	$	5,493	$	4,382	n/a		$	4,429	$	184
Home equity	1,411		437		n/a		493		21
Discontinued real estate	361		218		n/a		219		8
With an allowance recorded
Residential mortgage	$	8,593	$	7,406	$	1,154	$	5,226	$	196
Home equity	1,521		1,284		676		1,509		23
Discontinued real estate	247		177		41		170		7
Total
Residential mortgage	$	14,086	$	11,788	$	1,154	$	9,655	$	380
Home equity	2,932		1,721		676		2,002		44
Discontinued real estate	608		395		41		389		15


⁽¹⁾	Interest income recognized includes interest accrued and collected on the outstanding balances of accruing impaired loans as well as interest cash collections on nonaccruing impaired loans for which the ultimate collectability of principal is not uncertain.

n/a = not applicable

Remaining Unpaid Principal Balance And Carrying Amount Excluding Valuation Reserve For Purchased Credit Impaired Loans [Table Text Block]



(Dollars in millions)	September 30 2011		June 30 2011		December 31 2010
Unpaid principal balance	$	36,617	$	38,488	$	41,446
Carrying value excluding valuation allowance	32,648		33,416		34,834
Allowance for loan and lease losses	8,239		8,239		6,334

Accretable Yield Activity



(Dollars in millions)	Three Months Ended September 30, 2011			Nine Months Ended September 30, 2011
Accretable yield, beginning of period	$	5,567		$	5,481
Accretion	(305		)	(986		)
Disposals/transfers	(25		)	(90		)
Reclassifications from nonaccretable difference	7			839
Accretable yield, September 30, 2011	$	5,244		$	5,244

Consumer Portfolio Segment [Member]

Loans and Leases Receivable, Net of Deferred Income [Abstract]

Impaired Financing Receivables [Table Text Block]

The tables below provide information on the Corporation's primary modification programs for the renegotiated portfolio. At September 30, 2011, December 31, 2010 and September 30, 2010, all renegotiated credit card and other consumer loans were considered impaired and have a related allowance as shown in the table below.



Impaired Loans - Credit Card and Other Consumer - Renegotiated TDRs
							Three Months Ended September 30
	September 30, 2011						2011				2010
(Dollars in millions)	Unpaid Principal Balance		Carrying Value⁽¹⁾		Related Allowance		Average Carrying Value		Interest Income Recognized ⁽²⁾		Average Carrying Value		Interest Income Recognized ⁽²⁾
With an allowance recorded
U.S. credit card	$	6,066	$	6,107	$	1,894	$	6,727	$	102	$	10,352	$	156
Non-U.S. credit card	683		696		533		777		2		709		4
Direct/Indirect consumer	1,342		1,348		481		1,502		20		2,108		27

							Nine Months Ended September 30
							2011				2010
With an allowance recorded
U.S. credit card							$	7,637	$	344	$	10,894	$	485
Non-U.S. credit card							794		5		1,004		13
Direct/Indirect consumer							1,675		67		2,170		84

	December 31, 2010						Year Ended December 31, 2010
With an allowance recorded
U.S. credit card	$	8,680	$	8,766	$	3,458	$	10,549	$	621
Non-U.S. credit card	778		797		506		973		21
Direct/Indirect consumer	1,846		1,858		822		2,126		111


⁽¹⁾	Includes accrued interest and fees.


⁽²⁾	Interest income recognized includes interest accrued and collected on the outstanding balances of accruing impaired loans as well as interest cash collections on nonaccruing impaired loans for which the ultimate collectability of principal is not uncertain.

Schedule of Renegotiated Troubled Debt Restructurings Primary Modifications

The tables below provide information on the Corporation's primary modification programs for the credit card and other consumer renegotiated TDR portfolio at September 30, 2011 and December 31, 2010.



Credit Card and Other Consumer - Renegotiated TDR Portfolio by Program Type
	Internal Programs				External Programs				Other				Total				Percent of Balances Current or Less Than 30 Days Past Due
(Dollars in millions)	September 30 2011		December 31 2010		September 30 2011		December 31 2010		September 30 2011		December 31 2010		September 30 2011		December 31 2010		September 30 2011		December 31 2010
U.S. credit card	$	4,412	$	6,592	$	1,585	$	1,927	$	110	$	247	$	6,107	$	8,766	79.19	%	77.66	%
Non-U.S. credit card	231		282		133		176		332		339		696		797		52.55		58.86
Direct/Indirect consumer	890		1,222		431		531		27		105		1,348		1,858		80.28		78.81
Total renegotiated TDR loans	$	5,533	$	8,096	$	2,149	$	2,634	$	469	$	691	$	8,151	$	11,421	77.10		76.51

Remaining Unpaid Principal Balance, Carrying Amount And Excluding Valuation Reserve [Table Text Block]

The tables below provide information on the Corporation's primary modification programs for credit cards and other consumer loans, including the unpaid principal balance and carrying value of loans that were modified in TDRs during the three and nine months ended September 30, 2011, along with charge-offs that were recorded during the calendar quarter in which the modification occurred. The table also presents the average pre- and post-modification interest rate.



Credit Card and Other Consumer
	Renegotiated TDRs Entered into During the Three Months Ended September 30, 2011
	September 30, 2011								Three Months Ended September 30, 2011
(Dollars in millions)	Unpaid Principal Balance		Carrying Value		Pre-Modification Interest Rate		Post-Modification Interest Rate		Net Charge-offs
U.S. credit card	$	220	$	227	18.84	%	6.25	%	$	2
Non-U.S. credit card	153		162		25.92		0.60		7
Direct/Indirect consumer	41		42		15.48		4.51		—
Total	$	414	$	431	21.17		3.96		$	9



	Renegotiated TDRs Entered into During the Nine Months Ended September 30, 2011
	September 30, 2011								Nine Months Ended September 30, 2011
U.S. credit card	$	798	$	812	19.02	%	6.20	%	$	62
Non-U.S. credit card	336		354		26.07		0.78		167
Direct/Indirect consumer	186		187		15.62		5.43		13
Total	$	1,320	$	1,353	20.40		4.68		$	242

Renegotiated Troubled Debt Restructurings By Program Type [Table Text Block]



Credit Card and Other Consumer
	Renegotiated TDRs Entered into During the Three Months Ended September 30, 2011
	September 30, 2011
(Dollars in millions)	Internal Programs		External Programs		Other		Total
U.S. credit card	$	122	$	103	$	2	$	227
Non-U.S. credit card	83		79		—		162
Direct/Indirect consumer	22		20		—		42
Total renegotiated TDR loans	$	227	$	202	$	2	$	431



	Renegotiated TDRs Entered into During the Nine Months Ended September 30, 2011
	September 30, 2011
U.S. credit card	$	454	$	355	$	3	$	812
Non-U.S. credit card	179		174		1		354
Direct/Indirect consumer	107		79		1		187
Total renegotiated TDR loans	$	740	$	608	$	5	$	1,353

Commercial Portfolio Segment [Member]

Loans and Leases Receivable, Net of Deferred Income [Abstract]

Impaired Financing Receivables [Table Text Block]

The following tables present impaired loans in the Corporation's commercial loan portfolio at September 30, 2011, December 31, 2010 and September 30, 2010. Certain impaired commercial loans do not have a related allowance as the valuation of these impaired loans exceeded the carrying value, which is net of previously recorded charge-offs.



Impaired Loans - Commercial
							Three Months Ended September 30
	September 30, 2011						2011				2010
(Dollars in millions)	Unpaid Principal Balance		Carrying Value		Related Allowance		Average Carrying Value		Interest Income Recognized⁽¹⁾		Average Carrying Value		Interest Income Recognized ⁽¹⁾
With no recorded allowance
U.S. commercial	$	1,465	$	1,045	n/a		$	870	$	—	$	798	$	—
Commercial real estate	2,641		2,092		n/a		2,041		1		2,028		1
Non-U.S. commercial	221		120		n/a		96		—		9		—
U.S. small business commercial ⁽²⁾	—		—		n/a		—		—		—		—
With an allowance recorded
U.S. commercial	$	2,931	$	2,117	$	289	$	2,176	$	4	$	3,385	$	9
Commercial real estate	4,038		2,911		278		3,013		10		4,502		8
Non-U.S. commercial	294		46		8		72		3		204		—
U.S. small business commercial ⁽²⁾	612		590		223		616		5		999		8
Total
U.S. commercial	$	4,396	$	3,162	$	289	$	3,046	$	4	$	4,183	$	9
Commercial real estate	6,679		5,003		278		5,054		11		6,530		9
Non-U.S. commercial	515		166		8		168		3		213		—
U.S. small business commercial ⁽²⁾	612		590		223		616		5		999		8

							Nine Months Ended September 30
							2011				2010
With no recorded allowance
U.S. commercial							$	638	$	1	$	582	$	1
Commercial real estate							1,913		3		1,724		3
Non-U.S. commercial							83		—		3		—
U.S. small business commercial ⁽²⁾							—		—		—		—
With an allowance recorded
U.S. commercial							$	2,543	$	7	$	3,799	$	21
Commercial real estate							3,505		14		5,154		18
Non-U.S. commercial							97		3		191		—
U.S. small business commercial ⁽²⁾							713		18		1,052		26
Total
U.S. commercial							$	3,181	$	8	$	4,381	$	22
Commercial real estate							5,418		17		6,878		21
Non-U.S. commercial							180		3		194		—
U.S. small business commercial ⁽²⁾							713		18		1,052		26

	December 31, 2010						Year Ended December 31, 2010
With no recorded allowance
U.S. commercial	$	968	$	441	n/a		$	547	$	3
Commercial real estate	2,655		1,771		n/a		1,736		8
Non-U.S. commercial	46		28		n/a		9		—
U.S. small business commercial ⁽²⁾	—		—		n/a		—		—
With an allowance recorded
U.S. commercial	$	3,891	$	3,193	$	336	$	3,389	$	36
Commercial real estate	5,682		4,103		208		4,813		29
Non-U.S. commercial	572		217		91		190		—
U.S. small business commercial ⁽²⁾	935		892		445		1,028		34
Total
U.S. commercial	$	4,859	$	3,634	$	336	$	3,936	$	39
Commercial real estate	8,337		5,874		208		6,549		37
Non-U.S. commercial	618		245		91		199		—
U.S. small business commercial ⁽²⁾	935		892		445		1,028		34


⁽¹⁾	Interest income recognized includes interest accrued and collected on the outstanding balances of accruing impaired loans as well as interest cash collections on nonaccruing impaired loans for which the ultimate collectability of principal is not uncertain.


⁽²⁾	Includes U.S. small business commercial TDR loans and related allowance.

n/a = not applicable

Remaining Unpaid Principal Balance, Carrying Amount And Excluding Valuation Reserve [Table Text Block]



Commercial
	TDRs Entered into During the Three Months Ended September 30, 2011
	September 30, 2011				Three Months Ended September 30, 2011
(Dollars in millions)	Unpaid Principal Balance		Carrying Value		Net Charge-offs
U.S commercial	$	417	$	320	$	19
Commercial real estate	652		525		58
Non-U.S. commercial	—		—		—
U.S. small business commercial	14		14		—
Total	$	1,083	$	859	$	77



	TDRs Entered into During the Nine Months Ended September 30, 2011
	September 30, 2011				Nine Months Ended September 30, 2011
U.S commercial	$	1,250	$	1,087	$	49
Commercial real estate	1,760		1,444		129
Non-U.S. commercial	49		49		—
U.S. small business commercial	53		55		11
Total	$	3,112	$	2,635	$	189

Residential Mortgage [Member]

Loans and Leases Receivable, Net of Deferred Income [Abstract]

Remaining Unpaid Principal Balance, Carrying Amount And Excluding Valuation Reserve [Table Text Block]



Home Loans
	TDRs Entered into During the Three Months Ended September 30, 2011
	September 30, 2011								Three Months Ended September 30, 2011
(Dollars in millions)	Unpaid Principal Balance		Carrying Value		Pre-Modification Interest Rate		Post-Modification Interest Rate		Net Charge-offs
Residential mortgage	$	1,931	$	1,677	5.92	%	4.82	%	$	19
Home equity	144		86		7.90		6.47		15
Discontinued real estate	21		13		7.79		6.16		—
Total	$	2,096	$	1,776	6.09		4.95		$	34



	TDRs Entered into During the Nine Months Ended September 30, 2011
	September 30, 2011								Nine Months Ended September 30, 2011
Residential mortgage	$	6,670	$	5,763	6.04	%	4.97	%	$	113
Home equity	616		360		7.50		5.99		131
Discontinued real estate	55		37		7.71		5.17		2
Total	$	7,341	$	6,160	6.17		5.06		$	246

Summary of Troubled Debt Restructuring Note, Debtor [Table Text Block]

The tables below present the September 30, 2011 carrying value by program type for home loans which were modified in a TDR during the three and nine months ended September 30, 2011. These tables consist primarily of TDRs managed by Legacy Asset Servicing.



Home Loans
	TDRs Entered into During the Three Months Ended September 30, 2011
(Dollars in millions)	Residential Mortgage		Home Equity		Discontinued Real Estate		Total
Government modifications ⁽¹⁾
Contractual interest rate reduction	$	161	$	21	$	2	$	184
Principal and/or interest forbearance	54		8		—		62
Other modifications ⁽²⁾	23		3		1		27
Total government modifications	238		32		3		273

Proprietary modifications ⁽¹⁾
Contractual interest rate reduction	807		29		5		841
Capitalization of past due amounts	100		—		—		100
Principal and/or interest forbearance	328		13		2		343
Other modifications ⁽²⁾	204		12		3		219
Total proprietary modifications	1,439		54		10		1,503
Total modifications	$	1,677	$	86	$	13	$	1,776



	TDRs Entered into During the Nine Months Ended September 30, 2011
Government modifications ⁽¹⁾
Contractual interest rate reduction	$	942	$	175	$	8	$	1,125
Principal and/or interest forbearance	173		35		5		213
Other modifications ⁽²⁾	86		11		2		99
Total government modifications	1,201		221		15		1,437

Proprietary modifications⁽¹⁾
Contractual interest rate reduction	3,090		68		16		3,174
Capitalization of past due amounts	388		—		—		388
Principal and/or interest forbearance	678		36		5		719
Other modifications ⁽²⁾	406		35		1		442
Total proprietary modifications	4,562		139		22		4,723
Total modifications	$	5,763	$	360	$	37	$	6,160

⁽¹⁾ See definition on page 174.

⁽²⁾Includes other modifications such as term or payment extensions, principal and/or interest forgiveness and other.

Schedule of Troubled Debt Restructurings Modified

The following tables present the carrying value of loans that entered into payment default during the three months ended September 30, 2011 and during any of the three calendar quarters within the nine months ended September 30, 2011 and that had been modified in a TDR during the 12 months preceding each quarterly period, measured as of the end of each quarterly period. A payment default for home loan TDRs is recognized when a borrower has missed three monthly payments (not necessarily consecutively) since modification.



Home Loans - TDRs Entering Payment Default That Were Modified During the Preceding Twelve Months
	Three Months Ended September 30, 2011
(Dollars in millions)	Residential Mortgage		Home Equity		Discontinued Real Estate		Total
Government modifications	$	61	$	2	$	—	$	63
Proprietary modifications	573		7		1		581
Total modifications	$	634	$	9	$	1	$	644



	Nine Months Ended September 30, 2011
Government modifications	$	163	$	2	$	1	$	166
Proprietary modifications	1,483		37		8		1,528
Total modifications	$	1,646	$	39	$	9	$	1,694