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)

6 Months Ended

Jun. 30, 2011

Outstanding Loans and Leases [Abstract]

Outstanding loans and Leases

June 30, 2011

Loans

Total Past

Total Current

Purchased

Accounted for

30-59 Days

60-89 Days

90 Days or

Due 30 Days

or Less Than 30

Credit -

Under the Fair

Total

(Dollars in millions)

Past Due ⁽¹⁾

More Past Due ⁽²⁾

or More

Days Past Due ⁽³⁾

impaired ⁽⁴⁾

Value Option

Outstandings

Home loans

Core portfolio

Residential mortgage ⁽⁵⁾

1,777

594

1,842

4,213

171,339

175,552

Home equity

236

148

250

634

68,537

69,171

Legacy Asset Servicing portfolio

Residential mortgage

3,864

2,523

33,277

39,664

40,893

10,224

90,781

Home equity

882

541

1,764

3,187

45,981

12,315

61,483

Discontinued real estate ⁽⁶⁾

403

493

633

10,877

12,003

Credit card and other consumer

U.S. credit card

1,032

818

2,413

4,263

100,396

104,659

Non-U.S. credit card

363

245

607

1,215

24,822

26,037

Direct/Indirect consumer ⁽⁷⁾

782

343

855

1,980

88,278

90,258

Other consumer ⁽⁸⁾

103

2,659

2,762

Total consumer loans

9,048

5,265

41,439

55,752

543,538

33,416

632,706

Consumer loans accounted for under the fair value option ⁽⁹⁾

5,194

Total consumer

9,048

5,265

41,439

55,752

543,538

33,416

5,194

637,900

Commercial

U.S. commercial

568

199

1,046

1,813

174,863

176,677

Commercial real estate ⁽¹⁰⁾

230

210

2,904

3,344

40,530

154

44,028

Commercial lease financing

21,304

21,391

Non-U.S. commercial

42,899

42,929

U.S. small business commercial

143

117

332

592

13,337

13,929

Total commercial loans

971

556

4,313

5,840

292,933

181

298,954

Commercial loans accounted for under the fair value option ⁽⁹⁾

4,403

Total commercial

971

556

4,313

5,840

292,933

181

4,403

303,357

Total loans and leases

10,019

5,821

45,752

61,592

836,471

33,597

9,597

941,257

Percentage of outstandings

1.06

0.62

4.86

6.54

88.87

3.57

1.02


⁽¹⁾		Home loans includes $3.8 billion of fully-insured loans, $745 million of nonperforming loans and $129 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 $20.0 billion of fully-insured loans and $385 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 $1.5 billion of nonperforming loans as all principal and interest are not current or are TDRs that have not demonstrated sustained repayment performance.

⁽⁴⁾		PCI loan amounts are shown gross of the valuation allowance and exclude $1.5 billion of PCI home loans from the Merrill Lynch acquisition which are included in their appropriate aging categories.

⁽⁵⁾		Total outstandings include non-U.S. residential mortgages of $90 million at June 30, 2011.

⁽⁶⁾		Total outstandings include $10.7 billion of pay option loans and $1.3 billion of subprime loans at June 30, 2011. The Corporation no longer originates these products.

⁽⁷⁾		Total outstandings include dealer financial services loans of $42.1 billion, consumer lending of $9.9 billion, U.S. securities-based lending margin loans of $21.3 billion, student loans of $6.3 billion, non-U.S. consumer loans of $8.7 billion and other consumer loans of $2.0 billion at June 30, 2011.

⁽⁸⁾		Total outstandings include consumer finance loans of $1.8 billion, other non-U.S. consumer loans of $866 million and consumer overdrafts of $104 million at June 30, 2011.

⁽⁹⁾		Certain consumer loans are accounted for under the fair value option and include residential mortgage loans of $1.2 billion and discontinued real estate loans of $4.0 billion at June 30, 2011. 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 $2.8 billion and commercial real estate loans of $11 million at June 30, 2011. See Note 16 – Fair Value Measurements and Note 17 – Fair Value Option for additional information.

⁽¹⁰⁾		Total outstandings include U.S. commercial real estate loans of $41.7 billion and non-U.S. commercial real estate loans of $2.3 billion at June 30, 2011.


	December 31, 2010
																			Loans
										Total Past			Total Current			Purchased			Accounted for
	30-59 Days			60-89 Days			90 Days or			Due 30 Days			or Less Than 30			Credit -			Under the Fair			Total
(Dollars in millions)	Past Due ⁽¹⁾			Past Due ⁽¹⁾			More Past Due ⁽²⁾			or More			Days Past Due ⁽³⁾			impaired ⁽⁴⁾			Value Option			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 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 include non-U.S. residential mortgages of $90 million at December 31, 2010.

⁽⁶⁾		Total outstandings include $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 include 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 include 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 include 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.

Nonperforming Loans and Leases


	Nonperforming Loans and Leases				Accruing Past Due 90 Days or More
	June 30		December 31		June 30		December 31
(Dollars in millions)	2011		2010		2011		2010

Home loans
Core portfolio
Residential mortgage ⁽¹⁾	$	1,670	$	1,510	$	431	$	16
Home equity		261		107		-		-
Legacy Asset Servicing portfolio
Residential mortgage ⁽¹⁾		15,056		16,181		19,616		16,752
Home equity		2,084		2,587		-		-
Discontinued real estate		324		331		-		-
Credit card and other consumer
U.S. credit card		n/a		n/a		2,413		3,320
Non-U.S. credit card		n/a		n/a		607		599
Direct/Indirect consumer		58		90		810		1,058
Other consumer		25		48		3		2

Total consumer		19,478		20,854		23,880		21,747

Commercial
U.S. commercial		2,767		3,453		83		236
Commercial real estate		5,051		5,829		45		47
Commercial lease financing		23		117		22		18
Non-U.S. commercial		108		233		3		6
U.S. small business commercial		156		204		257		325

Total commercial		8,105		9,836		410		632

Total consumer and commercial	$	27,583	$	30,690	$	24,290	$	22,379


⁽¹⁾		Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At June 30, 2011 and December 31, 2010, residential mortgage includes $15.7 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 $4.3 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


Home Loans ⁽¹⁾
	June 30, 2011
			Legacy Asset										Legacy Asset		Countrywide
	Core Portfolio		Servicing		Countrywide		Core Portfolio		Legacy Asset		Countrywide		Servicing		Discontinued
	Residential		Residential		Residential		Home		Servicing Home		Home Equity		Discontinued		Real Estate
(Dollars in millions)	Mortgage ⁽²⁾		Mortgage ⁽²⁾		Mortgage PCI		Equity ⁽²⁾		Equity ⁽²⁾		PCI		Real Estate ⁽²⁾		PCI

Refreshed LTV ⁽³⁾
Less than 90 percent	$	85,776	$	20,459	$	3,707	$	46,086	$	17,193	$	2,236	$	767	$	6,678
Greater than 90 percent but less than 100 percent		12,094		6,322		1,589		7,787		5,137		1,033		125		1,275
Greater than 100 percent		18,325		26,889		4,928		15,298		26,838		9,046		234		2,924
Fully-insured loans ⁽⁴⁾		59,357		26,887		-		-		-		-		-		-

Total home loans	$	175,552	$	80,557	$	10,224	$	69,171	$	49,168	$	12,315	$	1,126	$	10,877


Refreshed FICO score
Less than 620	$	5,518	$	20,367	$	3,920	$	4,111	$	10,068	$	3,248	$	523	$	6,731
Greater than or equal to 620		110,677		33,303		6,304		65,060		39,100		9,067		603		4,146
Fully-insured loans ⁽⁴⁾		59,357		26,887		-		-		-		-		-		-

Total home loans	$	175,552	$	80,557	$	10,224	$	69,171	$	49,168	$	12,315	$	1,126	$	10,877


⁽¹⁾		Excludes $5.2 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
	June 30, 2011
	U.S. Credit		Non-U.S.		Direct/Indirect		Other
(Dollars in millions)	Card		Credit Card		Consumer		Consumer ⁽¹⁾

Refreshed FICO score
Less than 620	$	10,809	$	512	$	4,935	$	880
Greater than or equal to 620		93,850		7,517		46,344		913
Other internal credit metrics ^{(2, 3, 4)}		-		18,008		38,979		969

Total credit card and other consumer	$	104,659	$	26,037	$	90,258	$	2,762


⁽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 $29.6 billion of securities-based lending which is overcollateralized and therefore has minimal credit risk and $6.6 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 is evaluated using internal credit metrics, including delinquency status. At June 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⁾

June 30, 2011

Commercial

U.S. Small

U.S.

Commercial

Lease

Non-U.S.

Business

(Dollars in millions)

Commercial

Real Estate

Financing

Commercial

Risk Ratings

Pass rated

164,199

28,026

20,390

41,105

2,724

Reservable criticized

12,478

16,002

1,001

1,824

939

Refreshed FICO score

Less than 620

n/a

682

Greater than or equal to 620

n/a

4,952

Other internal credit metrics ^{(2, 3)}

n/a

4,632

Total commercial credit

176,677

44,028

21,391

42,929

13,929


⁽¹⁾		Includes $181 million of PCI loans in the commercial portfolio segment and excludes $4.4 billion of loans accounted for under the fair value option.

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

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

n/a		= not applicable


Home Loans
	December 31, 2010
			Legacy Asset										Legacy Asset		Countrywide
	Core Portfolio		Servicing		Countrywide		Core Portfolio		Legacy Asset		Countrywide		Servicing		Discontinued
	Residential		Residential		Residential		Home		Servicing Home		Home Equity		Discontinued		Real Estate
(Dollars in millions)	Mortgage ⁽¹⁾		Mortgage ⁽¹⁾		Mortgage PCI		Equity ⁽¹⁾		Equity ⁽¹⁾		PCI		Real Estate ⁽¹⁾		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
	U.S. Credit		Non-U.S.		Direct/Indirect		Other
(Dollars in millions)	Card		Credit Card		Consumer		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 is 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
					Commercial				U.S. Small
	U.S.		Commercial		Lease		Non-U.S.		Business
(Dollars in millions)	Commercial		Real Estate		Financing		Commercial		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
Less than 620		n/a		n/a		n/a		n/a		888
Greater than or equal to 620		n/a		n/a		n/a		n/a		5,083
Other internal credit metrics ^{(2, 3)}		n/a		n/a		n/a		n/a		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⁾		Other internal credit metrics may include delinquency status, application scores, geography or other factors.

⁽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.

n/a		= not applicable

Impaired Loans - Home Loans


Impaired Loans - Home Loans
							Three Months Ended June 30
	June 30, 2011						2011				2010
	Unpaid						Average		Interest		Average		Interest
	Principal		Carrying		Related		Carrying		Income		Carrying		Income
(Dollars in millions)	Balance		Value		Allowance		Value		Recognized ⁽¹⁾		Value		Recognized ⁽¹⁾

With no recorded allowance
Residential mortgage	$	6,955	$	5,400		n/a	$	5,427	$	62	$	4,125	$	43
Home equity		1,381		395		n/a		419		5		483		5
Discontinued real estate		324		193		n/a		216		2		220		2
With an allowance recorded
Residential mortgage	$	11,914	$	10,371	$	1,320	$	9,828	$	77	$	5,058	$	46
Home equity		1,764		1,420		723		1,439		8		1,525		7
Discontinued real estate		303		204		51		181		2		168		2

Total
Residential mortgage	$	18,869	$	15,771	$	1,320	$	15,255	$	139	$	9,183	$	89
Home equity		3,145		1,815		723		1,858		13		2,008		12
Discontinued real estate		627		397		51		397		4		388		4


							Six Months Ended June 30
							2011				2010

With no recorded allowance
Residential mortgage							$	5,527	$	116	$	3,563	$	79
Home equity								452		10		455		9
Discontinued real estate								222		4		223		4
With an allowance recorded
Residential mortgage							$	8,790	$	147	$	5,035	$	101
Home equity								1,370		15		1,706		12
Discontinued real estate								175		3		160		3

Total
Residential mortgage							$	14,317	$	263	$	8,598	$	180
Home equity								1,822		25		2,161		21
Discontinued real estate								397		7		383		7


							Year Ended
	December 31, 2010						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

Impaired Loans - Credit Card & Other Consumer


Impaired Loans - Credit Card and Other Consumer
							Three Months Ended June 30
	June 30, 2011						2011				2010
	Unpaid						Average		Interest		Average		Interest
	Principal		Carrying		Related		Carrying		Income		Carrying		Income
(Dollars in millions)	Balance		Value ⁽¹⁾		Allowance		Value		Recognized ⁽²⁾		Value		Recognized ⁽²⁾

With an allowance recorded
U.S. credit card	$	6,867	$	6,919	$	2,279	$	7,637	$	115	$	11,030	$	158
Non-U.S. credit card		789		808		507		808		1		1,034		4

Direct/Indirect consumer		1,542		1,552		586		1,686		23		2,199		29


							Six Months Ended June 30
							2011				2010

With an allowance recorded
U.S. credit card							$	8,100	$	242	$	11,170	$	329
Non-U.S. credit card								803		3		1,154		9
Direct/Indirect consumer								1,763		47		2,202		57


							Year Ended
	December 31, 2010						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.

Renegotiated Portfolio


*Renegotiated TDR Portfolio*
																	Percent of Balances Current or
	Internal Programs				External Programs				Other				Total				Less Than 30 Days Past Due
	June 30		December 31		June 30		December 31		June 30		December 31		June 30		December 31		June 30			December 31
(Dollars in millions)	2011		2010		2011		2010		2011		2010		2011		2010		2011			2010

Credit card and other consumer
U.S. credit card	$	5,073	$	6,592	$	1,707	$	1,927	$	139	$	247	$	6,919	$	8,766		79.59	%		77.66	%
Non-U.S. credit card		279		282		164		176		365		339		808		797		54.80			58.86
Direct/Indirect consumer		1,005		1,222		473		531		74		105		1,552		1,858		80.76			78.81

Total consumer		6,357		8,096		2,344		2,634		578		691		9,279		11,421		77.62			76.51

Commercial
U.S. small business commercial		468		624		52		58		1		6		521		688		67.70	%		65.37	%

Total commercial		468		624		52		58		1		6		521		688		67.70			65.37

Total renegotiated TDR loans	$	6,825	$	8,720	$	2,396	$	2,692	$	579	$	697	$	9,800	$	12,109		77.09			75.90

Impaired Loans - Commercial


Impaired Loans - Commercial
							Three Months Ended June 30
	June 30, 2011						2011				2010
	Unpaid						Average		Interest		Average		Interest
	Principal		Carrying		Related		Carrying		Income		Carrying		Income
(Dollars in millions)	Balance		Value		Allowance		Value		Recognized⁽¹⁾		Value		Recognized ⁽¹⁾

With no recorded allowance
U.S. commercial	$	984	$	696		n/a	$	534	$	1	$	473	$	-
Commercial real estate		2,723		1,990		n/a		1,895		1		1,703		2
Non-U.S. commercial		161		72		n/a		92		-		-		-
U.S. small business commercial ⁽²⁾		-		-		n/a		-		-		-		-
With an allowance recorded
U.S. commercial	$	3,067	$	2,255	$	340	$	2,463	$	2	$	3,882	$	9
Commercial real estate		4,330		3,219		165		3,491		2		5,263		7
Non-U.S. commercial		335		85		5		66		-		221		-
U.S. small business commercial ⁽²⁾		705		677		268		707		6		1,080		9

Total
U.S. commercial	$	4,051	$	2,951	$	340	$	2,997	$	3	$	4,355	$	9
Commercial real estate		7,053		5,209		165		5,386		3		6,966		9
Non-U.S. commercial		496		157		5		158		-		221		-
U.S. small business commercial ⁽²⁾		705		677		268		707		6		1,080		9


							Six Months Ended June 30
							2011				2010

With no recorded allowance
U.S. commercial							$	503	$	1	$	474	$	1
Commercial real estate								1,854		2		1,572		2
Non-U.S. commercial								71		-		-		-
U.S. small business commercial ⁽²⁾								-		-		-		-
With an allowance recorded
U.S. commercial							$	2,692	$	3	$	4,006	$	12
Commercial real estate								3,709		4		5,481		10
Non-U.S. commercial								122		-		184		-
U.S. small business commercial ⁽²⁾								762		13		1,079		18

Total
U.S. commercial							$	3,195	$	4	$	4,480	$	13
Commercial real estate								5,563		6		7,053		12
Non-U.S. commercial								193		-		184		-
U.S. small business commercial ⁽²⁾								762		13		1,079		18


							Year Ended
	December 31, 2010						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 renegotiated TDR loans and related allowance. See additional information on the U.S. small business card renegotiated TDR portfolio on page 159.

n/a		= not applicable

Remaining unpaid principal balance and carrying amount, excluding the valuation reserve, for purchased credit-impaired loans


	June 30		March 31		December 31
(Dollars in millions)	2011		2011		2010

Consumer
Countrywide
Unpaid principal balance	$	38,488	$	40,040	$	41,446
Carrying value excluding valuation allowance		33,416		34,132		34,834
Allowance for loan and lease losses		8,239		7,845		6,334
Merrill Lynch
Unpaid principal balance		1,582		1,629		1,698
Carrying value excluding valuation allowance		1,474		1,508		1,559
Allowance for loan and lease losses		154		136		83

Commercial
Merrill Lynch
Unpaid principal balance	$	842	$	859	$	870
Carrying value excluding valuation allowance		181		192		204
Allowance for loan and lease losses		1		1		12

Accretable Yield Activity


	Three Months Ended			Six Months Ended
(Dollars in millions)	June 30, 2011			June 30, 2011

Accretable yield, beginning of period	$	6,317		$	5,722
Accretion		(341	)		(708	)
Disposals/transfers		(35	)		(64	)
Reclassifications (to)/from nonaccretable difference		(118	)		873

Accretable yield, June 30, 2011	$	5,823		$	5,823