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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2010	Apr. 30, 2010
Statement [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2010
Trading Symbol	COF
Entity Registrant Name	CAPITAL ONE FINANCIAL CORP
Entity Central Index Key	0000927628
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		456,534,936
Document Fiscal Year Focus	2010
Document Fiscal Period Focus	Q1

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2010	Dec. 31, 2009
Assets:
Cash and due from banks	$ 2,928,702	$ 3,100,110
Federal funds sold and resale agreements	477,108	541,570
Interest-bearing deposits at other banks	4,092,556	5,042,944
Cash and cash equivalents	7,498,366	8,684,624
Restricted cash for securitization investors	3,286,002	501,113
Securities available for sale	38,251,017	38,829,562
Securities held to maturity	0	80,577
Loans held for sale	247,445	268,307
Loans held for investment	72,591,272	75,097,329
Restricted loans for securitization investors	57,523,249	15,521,670
Less: Allowance for loan and lease losses	(7,751,745)	(4,127,395)
Net loans held for investment	122,362,776	86,491,604
Accounts receivable from securitizations	205,960	7,128,484
Premises and equipment, net	2,735,192	2,735,623
Interest receivable	1,134,751	936,146
Goodwill	13,589,339	13,596,368
Other	11,396,739	10,393,955
Total assets	200,707,587	169,646,363
Liabilities:
Non-interest-bearing deposits	13,773,082	13,438,659
Interest-bearing deposits	104,013,477	102,370,437
Total deposits	117,786,559	115,809,096
Securitized debt obligations	37,829,527	3,953,492
Senior and subordinated notes	9,134,292	9,045,470
Other borrowings	5,708,279	8,014,969
Interest payable	521,875	509,105
Other	5,352,673	5,724,821
Total liabilities	176,333,205	143,056,953
Stockholders' Equity:
Common stock, par value $.01 per share; authorized 1,000,000,000 shares; 504,123,393 and 502,394,396 issued as of March 31, 2010 and December 31, 2009 respectively	5,041	5,024
Paid-in capital, net	18,990,863	18,954,823
Retained earnings	8,417,819	10,727,368
Accumulated other comprehensive income	158,916	82,654
Less: Treasury stock, at cost; 47,702,956 and 47,224,200 shares as of March 31, 2010 and December 31, 2009 respectively	(3,198,257)	(3,180,459)
Total stockholders' equity	24,374,382	26,589,410
Total liabilities and stockholders' equity	$ 200,707,587	$ 169,646,363

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2010	Dec. 31, 2009
Statement [Line Items]
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized	1,000,000,000	1,000,000,000
Common stock, issued	504,123,393	502,394,396
Treasury stock, shares	47,702,956	47,224,200

CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2010

Mar. 31, 2009

Interest Income:

Loans held for investment, including past-due fees

$ 3,657,735

$ 2,191,618

Investment securities

348,715

395,274

Other

23,379

63,117

Total interest income

4,029,829

2,650,009

Interest Expense:

Deposits

398,730

627,392

Securitized debt obligations

241,735

90,733

Senior and subordinated notes

68,224

58,044

Other borrowings

92,987

80,852

Total interest expense

801,676

857,021

Net interest income

3,228,153

1,792,988

Provision for loan and lease losses

1,478,200

1,279,137

Net interest income after provision for loan and lease losses

1,749,953

513,851

Non-Interest Income:

Servicing and securitizations

(36,368)

453,144

Service charges and other customer-related fees

584,973

506,129

Interchange

311,407

140,090

Net other-than-temporary impairment losses recognized in earnings

^[1]

(31,256)

(363)

Other

232,702

(9,156)

Total non-interest income

1,061,458

1,089,844

Non-Interest Expense:

Salaries and associate benefits

646,436

554,431

Marketing

180,459

162,712

Communications and data processing

169,327

199,104

Supplies and equipment

123,624

118,900

Occupancy

119,779

100,185

Restructuring expense

17,627

^[2]

Other

607,976

592,330

Total non-interest expense

1,847,601

1,745,289

Income (loss) from continuing operations before income taxes

963,810

(141,594)

Income tax provision (benefit)

244,359

(58,490)

Income (loss) from continuing operations, net of tax

719,451

(83,104)

Loss from discontinued operations, net of tax

(83,188)

(24,958)

Net income (loss)

636,263

(108,062)

Net income (loss) available to common shareholders

$ 636,263

$ (172,252)

Basic earnings per common share

Income (loss) from continuing operations

$ 1.59

$ (0.38)

Loss from discontinued operations

(0.18)

(0.06)

Net income (loss)

1.41

(0.44)

Diluted earnings per common share

Income (loss) from continuing operations

1.58

(0.38)

Loss from discontinued operations

(0.18)

(0.06)

Net income (loss)

1.4

(0.44)

Dividends paid per common share

$ 0.05

$ 0.38

[1]	For the three months ended March 31, 2010 and March 31, 2009, the Company recorded other-than-temporary impairment losses of $31.3 million and $0.4 million, respectively. Additional unrealized losses of $149.9 million, on these securities were recognized in other comprehensive income as a component of stockholders' equity at March 31, 2010.
[2]	The Company completed its 2007 restructuring initiative during 2009.

CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2010	Mar. 31, 2009
Statement [Line Items]
Additional unrealized losses on securities recognized in other comprehensive income as a component of stockholders' equity	$ 149.9	$ 0.0

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2010	Mar. 31, 2009
Statement [Line Items]
Balance	$ 26,589,410	$ 26,612,433
Cumulative effect from adoption of new consolidation accounting standards	(2,938,912)
Comprehensive income:
Net income	636,263	(108,062)
Other comprehensive income (loss), net of income tax:
Unrealized gains on securities, net of income taxes	118,021	373,723
Other-than-temporary impairment not recognized in earnings on securities, net of income taxes	16,949	(231)
Defined benefit pension plans, net of net income tax benefit	(358)	(293)
Foreign currency translation adjustments	(56,834)	(38,993)
Unrealized gains in cash flow hedging instruments, net of income taxes	14,408	35,543
Other comprehensive income	92,186	369,749
Comprehensive income	728,449	261,687
Cash dividends-Common stock	(22,824)	(148,411)
Cash dividends-Preferred stock 5% per annum		(44,934)
Purchase of treasury stock	(17,798)	(2,955)
Issuances of common stock and restricted stock, net of forfeitures	7,168	7,996
Exercise of stock options and tax benefits of exercises and restricted stock vesting	(489)	(1,599)
Accretion of preferred stock discount		0
Compensation expense for restricted stock awards and stock options	29,378	31,670
Issuance of common stock for acquisition		30,856
Allocation of ESOP shares		1,233
Balance	24,374,382	26,747,976
Common Stock
Statement [Line Items]
Balance	$ 5,024	$ 4,384
Balance (in shares)	502,394,396	438,434,235
Other comprehensive income (loss), net of income tax:
Issuances of common stock and restricted stock, net of forfeitures	$ 15	$ 15
Issuances of common stock and restricted stock, net of forfeitures (in shares)	1,498,243	1,543,405
Exercise of stock options and tax benefits of exercises and restricted stock vesting	$ 2
Exercise of stock options and tax benefits of exercises and restricted stock vesting (in shares)	230,754	1,900
Issuance of common stock for acquisition		$ 26
Issuance of common stock for acquisition (in shares)		2,560,601
Balance	$ 5,041	$ 4,425
Balance (in shares)	504,123,393	442,540,141
Preferred Stock
Statement [Line Items]
Balance	$ 0	$ 3,096,466
Other comprehensive income (loss), net of income tax:
Cash dividends-Preferred stock 5% per annum		(494)
Accretion of preferred stock discount		19,750
Balance	0	3,115,722
Paid-In Capital, Net
Statement [Line Items]
Balance	18,954,823	17,278,102
Other comprehensive income (loss), net of income tax:
Issuances of common stock and restricted stock, net of forfeitures	7,153	7,981
Exercise of stock options and tax benefits of exercises and restricted stock vesting	(491)	(1,599)
Compensation expense for restricted stock awards and stock options	29,378	31,670
Issuance of common stock for acquisition		30,830
Allocation of ESOP shares		1,233
Balance	18,990,863	17,348,217
Retained Earnings
Statement [Line Items]
Balance	10,727,368	10,621,164
Cumulative effect from adoption of new consolidation accounting standards	(2,922,988)
Comprehensive income:
Net income	636,263	(108,062)
Other comprehensive income (loss), net of income tax:
Cash dividends-Common stock	(22,824)	(148,411)
Cash dividends-Preferred stock 5% per annum		(44,440)
Accretion of preferred stock discount		(19,750)
Balance	8,417,819	10,300,501
Accumulated Other Comprehensive Income (Loss)
Statement [Line Items]
Balance	82,654	(1,221,796)
Cumulative effect from adoption of new consolidation accounting standards	(15,924)
Other comprehensive income (loss), net of income tax:
Unrealized gains on securities, net of income taxes	118,021	373,723
Other-than-temporary impairment not recognized in earnings on securities, net of income taxes	16,949	(231)
Defined benefit pension plans, net of net income tax benefit	(358)	(293)
Foreign currency translation adjustments	(56,834)	(38,993)
Unrealized gains in cash flow hedging instruments, net of income taxes	14,408	35,543
Other comprehensive income	92,186	369,749
Balance	158,916	(852,047)
Treasury Stock
Statement [Line Items]
Balance	(3,180,459)	(3,165,887)
Other comprehensive income (loss), net of income tax:
Purchase of treasury stock	(17,798)	(2,955)
Balance	$ (3,198,257)	$ (3,168,842)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2010	Mar. 31, 2009
Statement [Line Items]
Unrealized gains (losses) on securities, income tax (benefit)	$ 62,908	$ 175,730
Other-than-temporary impairment not recognized in earnings on securities, income taxes (benefit)	6,017	132
Defined benefit pension plans, income taxes (benefit)	197	163
Unrealized gains (losses) on cash flow hedging instruments, income taxes (benefit)	$ 9,327	$ 28,223
Common stock per share dividend	$ 0.05	$ 0.375
Preferred stock per annum		5%

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2010

Mar. 31, 2009

Operating Activities:

Income (loss) from continuing operations, net of tax

$ 719,451

$ (83,104)

Loss from discontinued operations, net of tax

(83,188)

(24,958)

Net income (loss)

636,263

(108,062)

Adjustments to reconcile net income to cash provided by operating activities:

Provision for loan and lease losses

1,478,200

1,279,137

Depreciation and amortization, net

147,516

151,278

Net gains on sales of securities available for sale

(106,894)

(4,335)

Net gains on deconsolidation

(177,526)

Loans held for sale:

Transfers in and originations

(210,129)

(281,981)

Losses on sales

16,699

1,567

Proceeds from sales

233,932

291,208

Stock plan compensation expense

46,550

24,715

Changes in assets and liabilities, net of effects from purchase of companies acquired and the effect of new accounting standards:

(Increase) decrease in interest receivable

(202,084)

12,171

Decrease in accounts receivable from securitizations

(61,379)

^[1]

1,480,869

Decrease in other assets

1,139,504

^[1]

164,289

Increase (decrease) in interest payable

12,941

(19,629)

(Decrease) in other liabilities

(948,461)

^[1]

(1,525,306)

Net cash provided by operating activities attributable to discontinued operations

18,836

13,646

Net cash provided by operating activities

2,023,968

1,479,567

Investing Activities:

Increase in restricted cash for securitization investors

711,915

^[1]

11,377

Purchases of securities available for sale

(9,402,805)

(5,980,615)

Proceeds from maturities of securities available for sale

2,850,816

1,794,765

Proceeds from sales of securities available for sale

7,428,829

740,191

Proceeds from securitizations of loans

2,892,903

Proceeds from sale of interest-only bonds

57,469

Net decrease in loans held for investment

4,167,789

^[1]

1,439,780

Principal recoveries of loans previously charged off

400,762

192,928

Additions of premises and equipment

(73,473)

(107,218)

Net cash provided by companies acquired

778,166

Net cash provided by investing activities attributable to discontinued operations

150

Net cash provided by investing activities

6,141,452

1,762,280

Financing Activities:

Net increase (decrease) in deposits

1,977,463

(1,061,104)

Net decrease in other borrowings

(11,276,266)

^[1]

(1,260,905)

Redemptions of acquired company debt and noncontrolling interest

(464,915)

Purchases of treasury stock

(17,798)

(2,955)

Dividends paid on common stock

(22,824)

(148,409)

Dividends paid on preferred stock

(44,934)

Net proceeds from issuances of common stock

7,168

9,230

Proceeds from share-based payment activities

(489)

(1,599)

Net cash used in financing activities attributable to discontinued operations

(18,932)

(3,274)

Net cash used in financing activities

(9,351,678)

(2,978,865)

Net increase (decrease) in cash and cash equivalents

(1,186,258)

262,982

Cash and cash equivalents at beginning of the period

8,684,624

7,491,343

Cash and cash equivalents at end of the period

7,498,366

$ 7,754,325

Supplemental Cash Flow Information

Cumulative effect from adoption of new consolidation accounting standards

$ (2,938,912)

[1]	Excludes the initial impact of adoption of the new consolidation standards.

Summary Of Significant Accounting Policies	3 Months Ended
Summary Of Significant Accounting Policies	Mar. 31, 2010
Statement [Line Items]
Summary Of Significant Accounting Policies	div div p style="border-bottom: #000000 1pt solid; line-height: 1px; margin-top: 0px; margin-bottom: 2px;"nbsp;/p p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"ba name="toc31986_8" /aNOTE 1#8212;SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES /b/font/p p style="border-bottom: #000000 1pt solid; line-height: 1px; margin-top: 0px; margin-bottom: 2px;"nbsp;/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bBusiness /b/font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Capital One Financial Corporation (the "Corporation") is a diversified financial services company with banking and non-banking subsidiaries that market a variety of financial products and services. Our principal subsidiaries include: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="3%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"bull;/font/td td valign="top" width="1%"font class="_mt" size="1"nbsp;/font/td td valign="top" align="left" p align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Capital One Bank (USA), National Association ("COBNA") which currently offers credit and debit card products, other lending products and deposit products. /font/p/td/tr/table p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="3%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"bull;/font/td td valign="top" width="1%"font class="_mt" size="1"nbsp;/font/td td valign="top" align="left" p align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Capital One, National Association ("CONA") which offers a broad spectrum of banking products and financial services to consumers, small businesses and commercial clients. /font/p/td/tr/table p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Our revenues are primarily driven by lending to consumers and commercial customers and by deposit-taking activities which generate net interest income, and by activities that generate non-interest income, including the sale and servicing of loans and providing fee-based services to customers. Customer usage and payment patterns, credit quality, levels of marketing expense and operating efficiency all affect our profitability. Our expenses primarily consist of the cost of funding our assets, our provision for loan and lease losses, operating expenses (including associate salaries and benefits, infrastructure maintenance and enhancements, and branch operations and expansion costs), marketing expenses, and income taxes. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"On February 27, 2009, the Corporation acquired Chevy Chase Bank, F.S.B. ("Chevy Chase Bank") for $475.9 million comprised of cash of $445.0 million and 2.56 million shares of common stock valued at $30.9 million. Chevy Chase Bank has the largest retail branch presence in the Washington D.C. region. On July 30, 2009, the Company merged Chevy Chase Bank with and into CONA. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Corporation and its subsidiaries are hereafter collectively referred to as the "Company" or "We." CONA and COBNA are hereafter collectively referred to as the "Banks." /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"We report the results of our business through three operating segments: Credit Card, Commercial Banking and Consumer Banking. /font/p p style="margin-top: 6px; margin-bottom: 0px; margin-left: 4%;"font style="font-family: Times New Roman;" class="_mt" size="2"Credit Card: Consists of our domestic consumer and small business card lending, domestic national small business lending, national closed end installment lending and the international card lending businesses in Canada and the United Kingdom. /font/p p style="margin-top: 6px; margin-bottom: 0px; margin-left: 4%;"font style="font-family: Times New Roman;" class="_mt" size="2"Commercial Banking: Consists of our lending, deposit gathering and treasury management services to commercial real estate and middle market customers. Our Commercial Banking business results also include the results of a national portfolio of small ticket commercial real-estate loans that are in run-off mode. /font/p p style="margin-top: 6px; margin-bottom: 0px; margin-left: 4%;"font style="font-family: Times New Roman;" class="_mt" size="2"Consumer Banking: Consists of our branch-based lending and deposit gathering activities for small business customers, as well as branch-based consumer deposit gathering and lending activities, national deposit gathering, national automobile lending, consumer mortgage lending and servicing activities. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Chevy Chase Bank's operations are included in the Commercial Banking and Consumer Banking segments beginning in the second quarter of 2009 but remained in Other for the first quarter due to the short duration since acquisition. The Other category includes GreenPoint originated consumer mortgages originated for sale but held for investment since originations were suspended in 2007, the results of corporate treasury activities, including asset-liability management and the investment portfolio, the net impact of transfer pricing, brokered deposits, certain unallocated expenses, gains/losses related to the securitization of assets, and restructuring charges related to the Company's cost initiative and to the Chevy Chase Bank acquisition. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bBasis of Presentation /b/font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP") for interim financial information. Accordingly, certain financial information that is normally included in annual financial statements prepared in accordance with GAAP, but is not required for interim reporting purposes, has been condensed or omitted. These consolidated financial statements are unaudited and should be read in conjunction with the audited consolidated financial statements and related notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2009, as filed with the U.S. Securities and Exchange Commission ("2009 Form 10-K"). /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The preparation of these consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect reported amounts and disclosures. While management makes its best judgment, actual results could differ from these estimates. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, which are necessary for a fair presentation, of the interim period consolidated financial statements have been made. Results for any interim period, however, are not necessarily indicative of the results to be expected for the full year. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The consolidated financial statements include the accounts of the Company in which it has a controlling financial interest. Investments in unconsolidated entities where we have the ability to exercise significant influence over the operations of the investee are accounted for using the equity method of accounting. This includes interests in variable interest entities ("VIEs") where we are not the primary beneficiary. Investments not meeting the criteria for equity method accounting are accounted for using the cost method of accounting. Investments in unconsolidated entities are included in other assets, and our share of income or loss is recorded in other non-interest income. All significant intercompany balances and transactions have been eliminated. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Certain prior period amounts have been revised to conform to current presentation. All amounts in the following notes, excluding per share data, are presented in thousands unless noted otherwise. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bRecent Accounting Pronouncements /b/font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In March 2010, the FASB issued ASU 2010-11, iScope Exception Related to Embedded Credit Derivatives/i, which addresses application of the embedded derivative scope exception in ASC 815-15-15-8 and 15-9. The ASU is effective on the first day of the first fiscal quarter beginning after June 15, 2010. We do not expect the adoption of ASU 2010-11 to have a material impact on consolidated earnings or financial position of the Company. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In February 2010, the FASB issued ASU 2010-09,i Amendments to Certain Recognition and Disclosure Requirements /iwhich amends ASC 855 ndash; Subsequent Events to address certain implementation issues related to an entity's requirement to perform and disclose subsequent-events procedures. The ASU requires SEC filers to evaluate subsequent events through the date the financial statements are issued and also exempts SEC filers from disclosing the date through which subsequent events have been evaluated. The ASU is effective immediately for financial statements that are issued or available to be issued and the Company adopted these requirements in February 2010. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In January 2010, the FASB issued ASU 2010-06, iImproving Disclosures About Fair Value Measurements/i, which amends ASC 820 ndash; Fair Value Measurements and Disclosures to add new disclosure requirements about transfers into and out of Levels 1 and 2 and separate disclosures about purchases, sales, issuances, and settlements relating to Level 3 measurements. The ASU 2010-06 requires disclosure of Level 3 activity of purchases, sales, issuances, and settlements on a gross basis. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bSignificant Accounting Policies /b/font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Except for accounting policies that have been modified or recently adopted as described below, there have been no significant changes to the Company's accounting policies as disclosed in the 2009 Form 10-K /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"biSpecial Purpose Entities and Variable Interest Entities /i/b/font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In June 2009, the FASB issued new guidance on Accounting for Transfers of Financial Assets and Consolidations which was effective for periods starting as of January 1, 2010. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The new accounting consolidation guidance, which removed the concept of a QSPE, resulted in the consolidation of the Company's credit card trusts, one installment loan trust and certain mortgage trusts. The Company was considered to be the primary beneficiary of these trusts due to the combination of power over the activities that most significantly impact the economic performance of the trusts through the right to service the securitized loans and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the trusts through its retained interests. The assets and liabilities of the credit card and installment loan trusts were consolidated on our balance sheet at their carrying values and the assets and liabilities of the mortgage trusts were consolidated at their unpaid principal balances using the practicable expedient provisions permitted upon adoption. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The table below reflects the financial impacts as of January 1, 2010. /font/p p style="margin-top: 0px; margin-bottom: 0px;"font class="_mt" size="1" /fontnbsp;/p table border="0" cellspacing="0" cellpadding="0" width="84%" align="center" tr td width="59%" /td td valign="bottom" width="8%" /td td /td td /td td /td td valign="bottom" width="8%" /td td /td td /td td /td td valign="bottom" width="8%" /td td /td td /td td /td/tr tr td valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 67pt;"font style="font-family: Times New Roman;" class="_mt" size="1"b(Dollars in millions)/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bEndingnbsp;balancebr /sheet br /Decembernbsp;31,br /2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bVIEbr /Consolidationbr /Impact/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bOpeningbr /Balancenbsp;sheetbr /Januarynbsp;1,nbsp;2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"bAssets:/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Cash and due from banks/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"8,685/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,998/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"12,683/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Loans held for investment/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"90,619/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"47,565/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"138,184/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Less: Allowance for loan and lease losses/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(4,127/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(4,264/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(8,391/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Net loans held for investment/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"86,492/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"43,301/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"129,793/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Accounts receivable from securitizations/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"7,629/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(7,463/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"166/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other assets/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"66,840/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,029/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"68,869/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total assets/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"169,646/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"41,865/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"211,511/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td height="8" /td td height="8" colspan="4" /td td height="8" colspan="4" /td td height="8" colspan="4" /td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"bLiabilities:/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Securitized debt obligations/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,954/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"44,346/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"48,300/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other liabilities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"139,103/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"458/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"139,561/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total liabilities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"143,057/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"44,804/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"187,861/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr td height="8" /td td height="8" colspan="4" /td td height="8" colspan="4" /td td height="8" colspan="4" /td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"bStockholders' Equity:/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"26,589/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(2,939/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"23,650/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td valign="top" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"169,646/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"41,865/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"211,511/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following provides more detail of the financial impacts of adoption: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td width="5%"font class="_mt" size="1"nbsp;/font/td td valign="top" width="2%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"bull;/font/td td valign="top" width="1%"font class="_mt" size="1"nbsp;/font/td td valign="top" align="left" p align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Consolidation of $47.6 billion in securitized loan receivables and $44.3 billion in related debt securities issued from the trusts to third party investors. Included in the total loan receivables is $1.5 billion of mortgage loan securitizations related to the Chevy Chase Bank acquisition which had not been included in our historical managed financial statements. Also included in total loan receivables are $2.6 billion of retained interests, previously classified as accounts receivable from securitizations. /font/p/td/tr/table p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td width="5%"font class="_mt" size="1"nbsp;/font/td td valign="top" width="2%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"bull;/font/td td valign="top" width="1%"font class="_mt" size="1"nbsp;/font/td td valign="top" align="left" p align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Reclassification of $0.7 billion of net finance charge and fee receivables from accounts receivable from securitizations to loans held for investment. /font/p/td/tr/table p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td width="5%"font class="_mt" size="1"nbsp;/font/td td valign="top" width="2%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"bull;/font/td td valign="top" width="1%"font class="_mt" size="1"nbsp;/font/td td valign="top" align="left" p align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Reclassification of $4.0 billion in accounts receivable from securitization to cash restricted for securitization investors. /font/p/td/tr/table p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td width="5%"font class="_mt" size="1"nbsp;/font/td td valign="top" width="2%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"bull;/font/td td valign="top" width="1%"font class="_mt" size="1"nbsp;/font/td td valign="top" align="left" p align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Recording a $4.3 billion allowance for loan and lease losses for the newly consolidated loan receivables. Previously, the losses inherent in the off-balance sheet loans were captured as a reduction in the valuation of retained residual interests. /font/p/td/tr/table p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td width="5%"font class="_mt" size="1"nbsp;/font/td td valign="top" width="2%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"bull;/font/td td valign="top" width="1%"font class="_mt" size="1"nbsp;/font/td td valign="top" align="left" p align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Recording derivative assets of $0.3 billion and derivative liabilities of $0.5 billion, representing the fair value of interest rate swaps and foreign currency derivatives entered into by the trusts. /font/p/td/tr/table p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td width="5%"font class="_mt" size="1"nbsp;/font/td td valign="top" width="2%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"bull;/font/td td valign="top" width="1%"font class="_mt" size="1"nbsp;/font/td td valign="top" align="left" p align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Recording net deferred tax assets of $1.6 billion, largely related to establishing an allowance for loan and lease losses on the newly consolidated loan receivables. /font/p/td/tr/table p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"After the adoption of the new consolidation guidance, the Consolidated Statements of Income no longer reflects securitization and servicing income related to the consolidated securitized loans receivable, but instead reports interest income, provision expense and certain other income associated with securitized loan receivables and interest expense associated with the debt securities issued from the trusts to third party investors. Amounts are recorded in the same categories as non-securitized loan receivables and corporate debt. Additionally, the Company treats securitized loans as secured borrowings and no longer records initial gains on new securitization activity unless the transfer qualifies for sale accounting and achieves deconsolidation under the new guidance. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"On January 21, 2010, the OCC and the Federal Reserve announced a final rule regarding capital requirements related to the adoption of new consolidation guidance which requires the Company to hold additional capital in relation to the consolidated assets and any associated creation of loan loss reserves. The rule allows for two quarter deferral in implementing the capital requirements with a phase out of the deferral beginning in the third quarter of 2010 and ending in the first quarter of 2011. The Company is utilizing this available deferral and the capital ratios reflect this treatment. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company recorded a $2.9 billion cumulative effect adjustment in stockholders' equity from adoption of the new consolidation accounting standards. The table below summarizes the impact on certain of the Company's regulatory capital ratios related to the adoption of new standards on January 1, 2010: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="92%" align="center" tr td width="53%" /td td valign="bottom" width="9%" /td td /td td /td td valign="bottom" width="9%" /td td /td td /td td valign="bottom" width="9%" /td td /td td /td td valign="bottom" width="9%" /td td /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bMarchnbsp;31,nbsp;2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bJanuarynbsp;1,nbsp;2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bDecembernbsp;31,nbsp;2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bDifference/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Tier 1 Capital/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b9.57/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b%nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"9.93/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"13.75/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(3.82/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")%nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total Capital/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b16.90/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b%nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17.58/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17.70/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(0.12/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")%nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Tier 1 Leverage/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b6.04/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b%nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"5.84/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"10.28/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(4.44/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")%nbsp;/font/td/tr/table/div /div

Loans Acquired in a Transfer

3 Months Ended

Mar. 31, 2010

Statement [Line Items]

Loans Acquired in a Transfer

NOTE 2—LOANS ACQUIRED IN A TRANSFER

The Company acquired loans from the purchase of Chevy Chase Bank acquisition on February 27, 2009 that were initially recorded at fair value with no separate valuation allowance recorded at the date of acquisition. The Company is required to review each loan at acquisition and determine whether each loan is to be accounted for individually or whether loans will be aggregated into pools of loans based on common risk characteristics. During the evaluation of whether a loan was considered impaired or is considered performing, the Company considered a number of factors, including the delinquency status of the loan, payment options and other loan features (i.e. reduced documentation, interest only, or negative amortization features), the geographic location of the borrower or collateral and the risk rating assigned to the loans. Based on the criteria, we considered the entire Chevy Chase Bank option arm, hybrid arm and construction to permanent portfolios to be impaired and accounted for u nder ASC 310-10/SOP 03-3. Portions of the Chevy Chase Bank commercial, auto, fixed mortgage, home equity, and other consumer loan portfolios were also considered impaired.

The Company makes an estimate of the total cash flows it expects to collect from the pools of loans, which includes undiscounted expected principal and interest. The excess of that amount over the fair value of the loans is referred to as accretable yield. Accretable yield is recognized as interest income on a level-yield basis over the life of the loans. The Company also determines the loans' contractual principal and contractual interest payments. The excess of contractual amounts over the total cash flows expected to be collected from the loans is referred to as nonaccretable difference, which is not accreted into income. Judgmental prepayment assumptions are applied to both contractually required payments and cash flows expected to be collected at acquisition. The Company continues to estimate cash flows expected to be collected over the life of the loans. Subsequent increases in total cash flows expected to be collected are recognized as an adjustment to the accretable yield with the amount of periodic accretion adjusted over the remaining life of the loans. Subsequent decreases in cash flows expected to be collected over the life of the loans are recognized as impairment in the current period through allowance for loan loss.

At acquisition, the loans acquired were as follows:


	At Acquisition
(Dollars in thousands)	Impaired Loans		Non-Impaired Loans		Total Loans
Contractually required principal and interest at acquisition	$	12,038,971	$	3,348,058	$	15,387,029
Nonaccretable difference (expected principal losses of $2,207,144 and foregone interest of $1,820,065)⁽¹⁾		3,851,043		176,166		4,027,209

Cash flows expected to be collected at acquisition	$	8,187,928	$	3,171,892	$	11,359,820
Accretable yield (interest component of expected cash flows)		1,860,697		499,245		2,359,942

Fair value of loans acquired ⁽²⁾	$	6,327,231	$	2,672,647	$	8,999,878

(1)	Expected principal losses and foregone interest on the impaired loans are $2,053,501 and $1,797,542, respectively. Expected principal losses and foregone interest on the non impaired loans are $153,643 and $22,523, respectively.

(2)	A portion of the acquired loans from Chevy Chase Bank acquisition were held for sale and are not included in these tabular disclosures. These held-for-sale loans were assigned a fair value of $235.1 million through purchase price allocation.

The carrying amount of these loans is included in the balance sheet amounts of loans held for investment at March 31, 2010 and March 31, 2009 is as follows:


	Impaired Loans		Non-Impaired Loans		Total Loans
Outstanding Balance at March 31, 2010	$	6,614,280	$	2,084,554	$	8,698,834
Carrying Amount at March 31, 2010	$	4,876,287	$	1,923,145	$	6,799,432


	Accretable Yield Activity
	Impaired Loans			Non-Impaired Loans			Total Loans
Balance at December 31, 2009	$	1,651,093		$	415,658		$	2,066,751
Additions		—			—			—
Accretion		(81,801	)		(33,928	)		(115,729	)

Balance at March 31, 2010	$	1,569,292		$	381,730		$	1,951,022


	Expected Principal Losses
	Impaired Loans			Non-Impaired Loans			Total Loans
Balance at December 31, 2009	$	1,717,865		$	117,952		$	1,835,817
Additions		—			—			—
Principal losses		(89,960	)		(8,500	)		(98,460	)

Balance at March 31, 2010	$	1,627,905		$	109,452		$	1,737,357

	Impaired Loans			Non-Impaired Loans			Total Loans
Outstanding Balance at March 31, 2009	$	7,705,167		$	3,324,281		$	11,029,448
Carrying Amount at March 31, 2009	$	5,592,784		$	3,128,454		$	8,721,238

	Accretable Yield Activity
	Impaired Loans			Non-Impaired Loans			Total Loans
Balance at December 31, 2008	$	—		$	—		$	—
Additions		1,860,697			499,245			2,359,942
Accretion		(24,088	)		(9,531	)		(33,619	)

Balance at March 31, 2009	$	1,836,609		$	489,714		$	2,326,323


	Expected Principal Losses
	Impaired Loans			Non-Impaired Loans			Total Loans
Balance at December 31, 2008	$	—		$	—		$	—
Additions		2,053,501			153,643			2,207,144
Principal losses		(19,449	)		(1,455	)		(20,904	)

Balance at March 31, 2009	$	2,034,052		$	152,188		$	2,186,240

Discontinued Operations

3 Months Ended

Mar. 31, 2010

Statement [Line Items]

Discontinued Operations

NOTE 3—DISCONTINUED OPERATIONS

Shutdown of Mortgage Origination Operations of Wholesale Mortgage Banking Unit

In the third quarter of 2007, the company shut down the mortgage origination operations for GreenPoint and its wholesale mortgage banking unit, GreenPoint Mortgage ("GreenPoint"). GreenPoint was acquired by the Company in December 2006 as part of the North Fork acquisition. The results of the mortgage origination operations of GreenPoint have been accounted for as a discontinued operation and have been removed from the results of continuing operations for the three months ended March 31, 2010 and 2009. The company has no significant continuing involvement in the operations of the originate and sell business of GreenPoint.

The loss from discontinued operations for the three months ended March 31, 2010 and 2009 includes an expense of $124.0 million, and $26.0 million, respectively, recorded in non-interest expense, for representations and warranties provided by the Company on loans previously sold to third parties by GreenPoint's mortgage origination operation.

The following is summarized financial information for discontinued operations related to the closure of the Company's wholesale mortgage banking unit:


(Dollars in thousands)	Three Months Ended March 31, 2010			Three Months Ended March 31, 2009
Net interest income (expense)	$	(451	)	$	(192	)
Non-interest income (expense)		(128,502	)		(38,563	)
Income tax benefit		(45,765	)		(13,797	)

Loss from discontinued operations, net of taxes	$	(83,188	)	$	(24,958	)

The mortgage origination operations of our wholesale mortgage banking unit had assets of approximately $16.3 million and $30.6 million as of March 31, 2010 and March 31, 2009, respectively, consisting of $0.3 million and $15.9 million, respectively, of mortgage loans held for sale and other related assets. The related liabilities consisted of obligations to fund these assets and obligations for representations and warranties that we provided on loans previously sold to third parties.

Business Segments	3 Months Ended
Business Segments	Mar. 31, 2010
Statement [Line Items]
Business Segments	div div p style="border-bottom: #000000 1pt solid; line-height: 1px; margin-top: 0px; margin-bottom: 2px;"nbsp;/p p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"ba name="toc31986_11" /aNOTE 4#8212;BUSINESS SEGMENTS /b/font/p p style="border-bottom: #000000 1pt solid; line-height: 1px; margin-top: 0px; margin-bottom: 2px;"nbsp;/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company reports the results of its business through three operating segments: Credit Card, Commercial Banking and Consumer Banking. /font/p p style="margin-top: 6px; margin-bottom: 0px; margin-left: 4%;"font style="font-family: Times New Roman;" class="_mt" size="2"Credit Card: Consists of domestic consumer and small business card lending, domestic national small business lending, national closed end installment lending and the international card lending businesses in Canada and the United Kingdom. /font/p p style="margin-top: 6px; margin-bottom: 0px; margin-left: 4%;"font style="font-family: Times New Roman;" class="_mt" size="2"Commercial Banking: Consists of lending, deposit gathering and treasury management services to commercial real estate and middle market customers. Our Commercial Banking business results also include the results of a national portfolio of small ticket commercial real-estate loans that are in run-off mode. /font/p p style="margin-top: 6px; margin-bottom: 0px; margin-left: 4%;"font style="font-family: Times New Roman;" class="_mt" size="2"Consumer Banking: Consists of our branch-based lending and deposit gathering activities for small business customers, as well as branch-based consumer deposit gathering and lending activities, national deposit gathering, national automobile lending, consumer mortgage lending and servicing activities. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company maintains the books and records on a legal entity basis for the preparation of financial statements in conformity with GAAP. The following tables present information prepared from the Company's internal management information systems, which is maintained based on managed financial statement view and on a line of business level through allocations from the consolidated financial results. Effective January 1, 2010, the Company adopted two new accounting standards that resulted in the consolidation of the majority of the Company's credit card securitization trusts. Because of the January 1, 2010, adoption of the new consolidation accounting standards, the Company's consolidated reported results subsequent to January 1, 2010 will be comparable to its consolidated results on a "managed" basis (except for the larger allowance for loan and lease losses). However, the total segment results differ from its reported consolidated results because our segment results include the loans underlying one of our installment loan securitization trusts that remains unconsolidated. The outstanding balance of the loans in this off-balance sheet trust that are reflected in the segment results was $150.8 million as of March 31, 2010. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following tables present certain information regarding our continuing operations by segment: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" tr td width="37%" /td td valign="bottom" width="2%" /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td/tr tr td valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 75pt;"font style="font-family: Times New Roman;" class="_mt" size="1"b(Dollars in thousands)/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="23" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bThree Months Ended Marchnbsp;31, 2010/b/font/td/tr tr td valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 53pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bTotal Company/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bCreditbr /Card/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bCommercialbr /Banking/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bConsumerbr /Banking/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bOther/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bTotalbr /Managed/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bSecuritizationbr /Adjustmentsup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(1)/sup /b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bTotalbr /Reported/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Net interest income(expense)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b2,113,075/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b311,401/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b896,588/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(90,933/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b3,230,131/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(1,978/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b3,228,153/b/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Non-interest income (expense)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b718,632/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b42,375/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b315,612/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(13,935/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b1,062,684/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(1,226/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b1,061,458/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Provision for loan and lease losses/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b1,175,217/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b238,209/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b49,526/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b18,452/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b1,481,404/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(3,204/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b1,478,200/b/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Core deposit intangible amortization/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b14,389/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b37,735/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b52,124/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b52,124/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other non-interest expenses/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b914,052/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b178,031/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b650,646/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b52,748/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b1,795,477/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b1,795,477/b/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Income tax provision (benefit)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b252,853/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(27,375/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b168,943/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(150,062/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b244,359/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b244,359/b/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Net income (loss) from continuing operations net of tax/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b489,585/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(49,478/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b305,350/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(26,006/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b719,451/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b719,451/b/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td/tr/table p style="margin-top: 0px; margin-bottom: 0px;"font class="_mt" size="1" /fontnbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" tr td width="28%" /td td valign="bottom" width="2%" /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="23" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bThree Months Ended Marchnbsp;31, 2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr td valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 53pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bTotal Company/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bCreditbr /Card/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bCommercialbr /Banking/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bConsumerbr /Banking/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bOther/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bTotalbr /Managed/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bSecuritization/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bAdjustmentsup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(2) /sup/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bTotalbr /Reported/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Net interest income(expense)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,691,688/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"245,459/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"723,654/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"89,189/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,749,990/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(957,002/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,792,988/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Non-interest income (expense)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"985,481/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"41,214/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"163,257/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(204,290/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"985,662/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"104,182/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,089,844/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Provision for loan and lease losses/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,682,786/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"117,304/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"268,233/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"63,634/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,131,957/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(852,820/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,279,137/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Restructuring expenses/fontfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(3)/sup/fontfont style="font-family: Times New Roman;" class="_mt" size="2" /font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17,627/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17,627/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17,627/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Core deposit intangible amortization/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"9,092/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"35,593/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"44,685/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"44,685/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other non-interest expenses/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"988,652/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"132,713/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"544,131/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17,481/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,682,977/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,682,977/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Income tax provision (benefit)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,402/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"9,647/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"13,634/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(84,173/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(58,490/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(58,490/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Net income (loss) from continuing operations net of tax/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,329/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17,917/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"25,320/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(129,670/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(83,104/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(83,104/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td height="16" /td td height="16" colspan="25" /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="23" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAs of Marchnbsp;31, 2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr td valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 53pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bTotal Company/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bCreditbr /Card/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bCommercialbr /Banking/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bConsumerbr /Banking/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bOther/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bTotalbr /Managed/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bSecuritizationbr /Adjustment/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bTotalbr /Reported/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Loans held for investment/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b63,806,122/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b29,612,138/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b36,382,676/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b464,347/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b130,265,283/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(150,762/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b130,114,521/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total deposits/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b21,605,482/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b76,883,450/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b19,297,627/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b117,786,559/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b117,786,559/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td height="16" /td td height="16" colspan="25" /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="23" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAs of December 31, 2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr td valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 53pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bTotal Company/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bCreditbr /Card/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bCommercialbr /Banking/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bConsumerbr /Banking/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bOther/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bTotalbr /Managed/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bSecuritizationbr /Adjustment /b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bTotalbr /Reported/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Loans held for investment/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"68,523,662/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"29,613,050/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"38,214,493/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"451,697/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"136,802,902/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(46,183,903/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"90,618,999/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total deposits/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"20,480,297/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"74,144,805/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"21,183,994/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"115,809,096/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"115,809,096/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 10%; margin-bottom: 2px;" /p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(1)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Income statement adjustments for the three months ended Marchnbsp;31, 2010 reclassify the finance charge of $3.8 million, past due fees of $ 0.1nbsp;million, other interest income of $(0.3) million and interest expense of $1.6 million; from non ndash;interest income to net interest income. Net charge-offs of $ 3.2nbsp;million are reclassified from non-interest income to provision for loan losses. /font/td/tr/table table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(2)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Income statement adjustments for the three months ended Marchnbsp;31, 2009 reclassify the finance charge of $1.1 billion, past due fees of $0.2 billion, other interest income of $(0.1) billion and interest expense of $0.2 billion; from non ndash; interest income to net interest income. Net charge-offs of $0.9 billion are reclassified from non-interest income to provision for loan losses. /font/td/tr/table table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(3)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"The Company completed its 2007 restructuring initiative during 2009. /font/td/tr/table p style="margin-top: 0px; margin-bottom: 0px;"font class="_mt" size="1" /fontnbsp;/p p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bSignificant Segment Adjustments That Affect Comparability /b/font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"On February 27, 2009, the Corporation acquired Chevy Chase Bank, which is included within the Other category due to the short duration from acquisition. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company's total segment results differ from its reported consolidated results because our segment results include the loans underlying one of our securitization trusts that remains unconsolidated after the adoption of the new consolidation accounting standards. See "Note 1 ndash; Significant Accounting Policies" for additional discussion regarding these new standards. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"During the first quarter of 2010, the Company deconsolidated certain mortgage trusts which resulted in an increase to non-interest income for Consumer Banking of $127.6 million. /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p/div /div

Securities Available for Sale

3 Months Ended

Mar. 31, 2010

Statement [Line Items]

Securities Available for Sale

NOTE 5—SECURITIES AVAILABLE FOR SALE

The table below presents the expected maturities, gross unrealized gains and gross unrealized losses on available-for-sale securities, aggregated by category, as of March 31, 2010 and December 31, 2009.

Expected Maturities

(Dollars in thousands)

1 Year or
Less

1–5
Years

5–10
Years

Over 10
Years

Market
Value
Totals

Gross
Unrealized
Gains

Gross
Unrealized
Losses

Amortized
Cost
Totals

March 31, 2010

U.S. Treasury and other U.S. government agency obligations

U.S. Treasury

70,293

319,971

—

390,264

12,832

—

377,432

Fannie Mae ("FNMA")

139,292

69,573

—

208,865

7,153

—

201,712

Freddie Mac ("FHLMC")

103,594

108,094

27,356

—

239,044

12,092

—

226,952

Other GSE and FDIC DGP ("DGP")

—

1,072

—

1,072

—

996

Total U.S. Treasury and other U.S. government agency obligations

313,179

498,710

27,356

—

839,245

32,153

—

807,092

Collateralized mortgage obligations ("CMO")

FNMA

22,618

1,393,732

4,852,567

164,449

6,433,366

136,893

2,797

6,299,270

FHLMC

64,332

1,110,434

3,272,708

—

4,447,474

99,798

1,793

4,349,469

Ginnie Mae ("GNMA")

24,446

124,255

1,049,031

—

1,197,732

18,773

473

1,179,432

Non GSE

88,564

796,526

385,017

—

1,270,107

202,019

1,472,120

Total CMO

199,960

3,424,947

9,559,323

164,449

13,348,679

255,470

207,082

13,300,291

Mortgage backed securities ("MBS")

FNMA

13,190

3,257,097

4,608,687

638,897

8,517,871

244,996

5,416

8,278,291

FHLMC

148,744

2,665,058

1,562,204

106,884

4,482,890

133,099

8,825

4,358,616

GNMA

45,653

1,015,185

—

1,060,849

30,629

255

1,030,475

Other GSE

—

824

—

824

Non GSE

—

168,927

353,966

310,410

833,303

350

123,190

956,143

Total MBS

161,945

6,137,559

7,540,042

1,056,191

14,895,737

409,075

137,687

14,624,349

Asset-backed securities ("ABS")

2,325,306

6,098,839

281,313

—

8,705,458

160,438

4,742

8,549,762

Other

189,670

108,689

16,215

147,324

461,898

13,568

4,678

453,008

Total

3,190,060

16,268,744

17,424,249

1,367,964

38,251,017

870,704

354,189

37,734,502


	Expected Maturities
	1 Year or Less		1–5 Years		5–10 Years		Over 10 Years		Market Value Totals		Gross Unrealized Gains		Gross Unrealized Losses		Amortized Cost Totals
December 31, 2009
U.S. Treasury and other U.S. government agency obligations
U.S. Treasury	$	—	$	391,694	$	—	$	—	$	391,694	$	12,883	$	—	$	378,811
FNMA		129,320		106,986		—		—		236,306		8,813		—		227,493
FHLMC		—		212,656		26,995		—		239,651		12,986		269		226,934
Other GSE and FDIC DGP		—		1,055		—		—		1,055		59		—		996

Total U.S. Treasury and other U.S. government agency obligations		129,320		712,391		26,995		—		868,706		34,741		269		834,234

CMO
FNMA		33,594		2,419,448		2,084,777		—		4,537,819		92,895		30,079		4,475,003
FHLMC		83,218		1,654,603		816,492		—		2,554,313		75,372		8,210		2,487,151
GNMA		31,488		184,701		990,974		—		1,207,163		4,409		8,914		1,211,668
Non GSE		95,280		1,233,175		3,069		7,209		1,338,733		—		269,587		1,608,320

Total CMO		243,580		5,491,927		3,895,312		7,209		9,638,028		172,676		316,790		9,782,142

MBS
FNMA		20,313		3,209,823		4,368,517		408,256		8,006,909		255,028		25,517		7,777,398
FHLMC		115,672		2,315,066		1,452,050		232,216		4,115,004		140,367		10,956		3,985,593
GNMA		16		73,747		7,662,008		—		7,735,771		70,992		552		7,665,331
Other GSE		—		832		—		—		832		1		4		835
Non GSE		33,926		600,247		191,492		—		825,665		—		184,927		1,010,592

Total MBS		169,927		6,199,715		13,674,067		640,472		20,684,181		466,388		221,956		20,439,749

ABS		3,003,399		3,907,901		280,306		—		7,191,606		153,588		5,400		7,043,418
Other		165,905		120,051		16,633		144,452		447,041		12,483		4,708		439,266

Total	$	3,712,131	$	16,431,985	$	17,893,313	$	792,133	$	38,829,562	$	839,876	$	549,123	$	38,538,809

At March 31, 2010 and December 31, 2009, the expected maturities of the Company's CMO, MBS and ABS and the contractual maturities of the Company's other debt securities were used to assign the securities into the above maturity groupings. The Company believes that the use of expected maturities aligns with how the securities will actually perform and provides information regarding liquidity needs and potential impacts on portfolio yields. The maturity distribution based solely on contractual maturities as of March 31, 2010 and December 31, 2009 is as follows:


	Contractual Maturities
	March 31, 2010		December 31, 2009
1 Year or Less	$	589,203	$	380,117
1-5 Years		7,587,911		6,967,403
5-10 Years		2,082,886		1,727,264
Over 10 Years		27,991,017		29,754,778

Market Value Totals	$	38,251,017	$	38,829,562

Actual maturities may differ from the contractual or expected maturities since borrowers may have the right to prepay obligations with or without prepayment penalties.

The available-for-sale portfolio continues to be heavily concentrated in high credit quality assets like government-sponsored enterprise ("GSE") mortgage-backed securities and AAA rated asset-backed securities. In addition to debt securities held in the investment portfolio, the Company reports certain equity securities related to Community Reinvestment Act ("CRA") investments as available for sale securities within the Other category above.

At March 31, 2010, the portfolio was 90% rated AAA, 4% rated other investment grade (AA to BBB), and 6% non-investment grade or not rated. At December 31, 2009, the portfolio was 90% rated AAA, 5% rated other investment grade (AA to BBB), and 5% non-investment grade or not rated.

As part of our portfolio management and asset liability management activities, the Company sold many of its GNMA MBS securities and replaced them with FNMA and FHLMC CMO securities, adding protection against increases in interest rates.

The following tables show the weighted average yields by investment category for expected maturities as of March 31, 2010 and December 31, 2009.

Weighted Average Yields

1 Year
or Less

1–5
Years

5–10
Years

Over 10
Years

March 31, 2010

U.S. Treasury and other U.S. government agency obligations

U.S. Treasury

0.81

2.73

—

FNMA

4.44

4.40

—

FHMLC

4.67

4.59

3.29

—

Other GSE and FDIC DGP

—

5.44

—

Total U.S. Treasury and other U.S. government agency obligations

3.69

3.36

3.29

—

CMO

FNMA

5.02

5.64

4.48

4.32

FHLMC

5.19

5.45

4.54

—

GNMA

4.56

4.25

—

Non GSE

5.68

5.44

5.88

—

Total CMO

5.34

5.49

4.54

4.32

MBS

FNMA

5.48

4.89

4.79

5.18

FHMLC

5.56

4.26

5.08

5.56

GNMA

6.63

6.21

5.02

—

Other GSE

—

3.44

—

Non GSE

—

5.60

6.07

6.04

Total MBS

5.53

4.65

4.95

5.50

ABS

3.25

3.58

4.87

—

Other

2.59

4.21

4.60

0.56

Total

3.43

4.39

4.72

5.38


	Weighted Average Yields
	1 Year or Less		1–5 Years		5–10 Years		Over 10 Years
December 31, 2009
U.S. Treasury and other U.S. government agency obligations
U.S. Treasury	—	%	2.37	%	—	%	—	%
FNMA	4.34		4.51		—		—
FHLMC	—		4.63		3.29		—
Other GSE and FDIC DGP	—		5.44		—		—

Total U.S. Treasury and other U.S. government agency obligations	4.34		3.36		3.29		—

CMO
FNMA	4.99		5.13		4.73		—
FHLMC	5.16		5.25		5.35		—
GNMA	4.57		4.37		4.27		—
Non GSE	5.75		5.58		5.13		6.58

Total CMO	5.31		5.26		4.74		6.58

MBS
FNMA	5.34		4.98		4.95		5.12
FHLMC	5.55		4.32		5.26		5.23
GNMA	6.71		6.17		4.86		—
Other GSE	—		3.44		—		—
Non GSE	5.89		5.95		5.99		—

Total MBS	5.40		5.06		4.91		5.18

ABS	3.36		4.00		4.87		—
Other	2.71		4.19		4.60		0.56

Total	3.56	%	4.74	%	4.90	%	5.04	%

The following table shows the fair value of investments and amount of unrealized losses segregated by those investments that have been in a continuous unrealized loss position for less than twelve months and those that have been in a continuous unrealized loss position for twelve months or longer as of March 31, 2010 and December 31, 2009.

Less than 12 Months

Greater than 12 Months

Total

Fair Value

Unrealized
Losses

Fair Value

Unrealized
Losses

Fair Value

Unrealized
Losses

March 31, 2010

U.S. Treasury and other U.S. government agency obligations

FHMLC

—

Total U.S. Treasury and other U.S. government agency obligations

—

CMO

FNMA

254,038

1,157

283,405

1,640

537,443

2,797

FHLMC

15,128

324,409

1,761

339,537

1,793

GNMA

147,946

449

835

148,781

473

Non GSE

124

1,232,813

202,018

1,232,937

202,019

Total CMO

417,236

1,639

1,841,462

205,443

2,258,698

207,082

MBS

FNMA

1,203,026

5,399

2,325

1,205,351

5,416

FHLMC

276,003

3,134

265,210

5,691

541,213

8,825

GNMA

747

10,688

247

11,435

255

Other GSE

—

791

Non GSE

—

773,105

123,190

773,105

123,190

Total MBS

1,479,776

8,541

1,052,119

129,146

2,531,895

137,687

ABS

643,947

466

48,381

4,276

692,328

4,742

Other

70,442

201

113,231

4,477

183,673

4,678

Total

2,611,401

10,847

3,055,193

343,342

5,666,594

354,189


	Less than 12 Months				Greater than 12 Months				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
December 31, 2009
U.S. Treasury and other U.S. government agency obligations
FHMLC	$	26,995	$	269	$	—	$	—	$	26,995	$	269

Total U.S. Treasury and other U.S. government agency obligations		26,995		269		—		—		26,995		269

CMO
FNMA		971,437		25,036		317,058		5,043		1,288,495		30,079
FHMLC		174,575		4,280		369,621		3,930		544,196		8,210
GNMA		1,041,686		8,845		2,833		69		1,044,519		8,914
Non GSE		2,809		326		1,312,949		269,261		1,315,758		269,587

Total CMO		2,190,507		38,487		2,002,461		278,303		4,192,968		316,790

MBS
FNMA		1,928,274		25,476		3,623		41		1,931,897		25,517
FHLMC		391,452		4,550		309,475		6,406		700,927		10,956
GNMA		200,739		305		10,720		247		211,459		552
Other GSE		—		—		798		4		798		4
Non GSE		—		—		810,053		184,927		810,053		184,927

Total MBS		2,520,465		30,331		1,134,669		191,625		3,655,134		221,956

ABS		489,415		957		56,208		4,443		545,623		5,400
Other		30,639		101		114,559		4,607		145,198		4,708

Total	$	5,258,021	$	70,145	$	3,307,897	$	478,978	$	8,565,918	$	549,123

The Company monitors securities in its available-for-sale investment portfolio for other-than-temporary impairment based on a number of criteria, including the size of the unrealized loss position, the duration for which each security has been in a loss position, credit rating, and current market conditions. For debt securities, the Company also considers any intent to sell the security and the likelihood it will be required to sell the security before its anticipated recovery. The Company continually monitors the ratings of its security holdings and conducts regular reviews of the Company's credit-sensitive assets to monitor collateral performance by tracking collateral trends and looking for any potential collateral degradation.

When impairment is deemed other-than-temporary, but the Company does not intend to sell the security nor does it expect it will be required to sell before anticipated recovery, only the amount of total other-than-temporary impairment related to credit is recognized in earnings. The amount of the total impairment related to all other factors is recognized in other comprehensive income. Based on the evaluation described below, the Company recognized total other-than-temporary impairment of $26.8 million through earnings for the three months ended March 31, 2010, consisting of $8.6 million related to credit and the full unrealized loss of $18.3 million for those positions we intend to sell. For these impaired securities, unrealized losses not related to credit and therefore recognized in other comprehensive income, excluding the full unrealized loss for those positions we intend to sell, was $149.9 million (net of income tax was $96.6 million) as of March 31, 2010. Prior to the adoption of the revised accounting guidance for assessing other-than-temporary impairment in the second quarter of 2009, when impairment was deemed other-than-temporary, an impairment loss was recognized in earnings equal to the entire difference between the investment's amortized cost basis and its fair value. As a result, the Company recognized $0.4 million of other-than-temporary impairment charges through earnings for the three months ended March 31, 2009. See "Note 1 – Significant Accounting Policies" on the 2009 Form 10-K for a discussion of the key assumptions used to measure the credit-related component of securities deemed to be other-than-temporarily impaired.

Cumulative other-than-temporary impairment related to credit losses recognized in earnings for available-for-sale securities is as follows:

OTTI credit losses
recognized for AFS debt
securities

Beginning balance of
OTTI credit losses
recognized for securities
held at the beginning of
the period for which a
portion of OTTI was
recognized in OCI

Additions for the
amount related to
credit losses for
which an OTTI was
previously recognized

Additions for the amount
related to credit losses
for which OTTI was not
previously recognized

Reductions for
securities intended
to be sold

Ending balance of
the amount related to
credit losses on securities
held at the end of the
period for which a
portion of OTTI was
recognized in OCI

Three months ended March 31, 2010

CMO

15,159

3,545

817

(3,377

)

16,184

MBS

15,612

3,834

346

(2,835

)

16,957

Other-Home equity

817

—

817

Total

31,588

7,379

1,163

(6,212

)

33,918

The Company recognized an additional $18.3 million of other-than-temporary impairment on two securities it intends to sell in the second quarter. For these two securities, the entire remaining unrealized loss as of March 31, 2010 has been recognized through earnings.

Collateralized Mortgage Obligations The Company's portfolio includes investments in GSE collateralized mortgage obligations and prime non-agency collateralized mortgage obligations. The unrealized losses on the Company's investment in collateralized mortgage obligations were primarily caused by credit spreads and interest rates that are higher than levels existing at the date of purchase. As of March 31, 2010 1% are rated AAA, 19 % are rated other investment grade and 80 % are non-investment grade or not rated. As of December 31, 2009, the majority of the unrealized losses in this category are due to prime non-agency collateralized mortgage obligations, of which 2% are rated AAA, 24% are rated other investment grade and 74% are non-investment grade or not rated. These investments represent only 4% of the Company's total available-for-sale portfolio at both March 31, 2010 and December 31, 2009.

The Company recognized credit-related other-than-temporary impairment of $4.4 million through earnings for the three months ended March 31, 2010, for six prime non-agency collateralized mortgage obligations. For impaired securities, unrealized losses not related to credit and therefore recognized in other comprehensive income was $80.3 million (net of tax was $51.8 million) as of March 31, 2010. The credit-related impairment was calculated based on internal forecasts using security specific delinquencies, product specific delinquency roll rates and expected severities, using industry standard third party modeling tools. The significant key assumptions used to measure the credit-related component of securities deemed to be other-than-temporarily impaired during the three months ended March 31, 2010 and December 31, 2009 are as follows: a weighted average credit default rate of 8.54% and 6.76%, respectively, and a weighted average expected severity of 52% and 51%, respectively.

Based on its view of each prime non-agency security's current credit performance along with the sufficiency of subordination to protect cash flows , the implicit U.S. government guarantee of FNMA/FHLMC securities and the explicit U.S. government guarantee of GNMA securities, the Company expects to recover the entire amortized cost basis of its remaining collateralized mortgage obligations. Furthermore, since the Company does not have the intent to sell nor will it more likely than not be required to sell before anticipated recovery, it does not consider any of its remaining collateralized mortgage obligations in unrealized loss positions to be other-than-temporarily impaired at March 31, 2010 and December 31, 2009.

Mortgage-Backed Securities The Company's portfolio includes investments in GSE mortgage-backed securities and prime non-agency mortgage-backed securities. The unrealized losses on the Company's investment in mortgage-backed securities were primarily caused by credit spreads and interest rates that are higher than levels existing at the date of purchase. As of March 31, 2010, the majority of unrealized losses are due to prime non-agency mortgage-backed securities of which 3% are rated AAA, 6% are rated other investment grade and 91% are non-investment grade or not rated. As of December 31, 2009, 4% are rated AAA, 7% are rated other investment grade and 89% are non-investment grade or not rated. These investments represent only 3% of the Company's total available-for-sale portfolio at both March 31, 2010 and December 31, 2009.

The Company recognized credit-related other-than-temporary impairment of $4.2 million through earnings for the three months ended March 31, 2010, for six prime non-agency mortgage-backed securities. For impaired securities, unrealized losses not related to credit and therefore recognized in other comprehensive income was $69.2 million (net of tax was $44.5 million) as of March 31, 2010. The credit-related impairment was calculated based on internal forecasts using security specific delinquencies, product specific delinquency roll rates and expected severities, using industry standard third party modeling tools. The significant key assumptions used to measure the credit-related component of securities deemed to be other-than-temporary impaired during the three months ended March 31, 2010 and December 31, 2009, are as follows: a weighted average credit default rate of 7.81% and 8.19%, respectively, and a weighted average expected severity of 45% and 47%, respectively.

Based on its view of each prime non-agency security's current credit performance, the sufficiency of subordination to protect cash flows, the implicit U.S. government guarantee of FNMA/FHLMC securities, and the explicit U.S. government guarantee of GNMA securities, the Company expects to recover the entire amortized cost basis of its remaining mortgage-backed securities. Furthermore, since the Company does has not decided to sell nor will it more likely than not be required to sell before anticipated recovery, it does not consider any of its remaining mortgage-backed securities in unrealized loss positions to be other-than-temporarily impaired at March 31, 2010 and December 31, 2009.

Asset-Backed Securities This category is comprised of investments backed by credit card, auto, dealer floor plan inventory, equipment and student loans; commercial mortgage-backed loans; and minor investments backed by home equity lines of credit. The unrealized losses on the Company's investments in asset-backed securities were primarily caused by credit spreads and interest rates that are higher than those at the date of purchase. As of March 31, 2010, the portfolio is 88.1% rated AAA and is comprised of 76.1% credit card, 9.3% auto, 8.2% student loans, 4.8% dealer floor securities, 1.4% equipment-backed securities and 0.2% home equity lines of credit. As of December 31, 2009, the portfolio is 84.2% rated AAA and is comprised of 76.3% credit card, 14.0% auto, 6.9% student consumer loans, 1.7% dealer floor securities, 0.8% equipment-backed securities and 0.3% home equity lines of credit.

The Company recognized no credit-related other-than-temporary impairment through earnings for the three months ended March 31, 2010. For impaired securities, unrealized losses not related to credit and therefore recognized in other comprehensive income was $0.4 million (net of tax was $0.3 million) as of March 31, 2010. Cumulative-to-date other-than-temporary impairment losses total $0.8 million for thirteen prime non-agency mortgage-backed securities. The Company recognized $0.4 million in other-than-temporary impairment through earnings for the three months ended March 31, 2009.

Based on its view of each security's current credit performance along with the sufficiency of subordination to protect cash flows, the Company expects to recover the entire amortized cost basis of its remaining asset-backed securities. Furthermore, since the Company has not decided to sell nor will it more likely than not be required to sell before anticipated recovery, it does not consider any of its remaining asset-backed securities in unrealized loss positions to be other-than-temporarily impaired at March 31, 2010 and December 31, 2009.

Other This category consists primarily of municipal securities and limited investments in equity securities, primarily related to CRA activities. The unrealized losses on the Company's investments in these other securities were primarily caused by credit spreads and interest rates that are higher than levels existing at the date of purchase. As of March 31, 2010, the Company expects to recover the entire amortized cost basis of the securities in this category. Furthermore, since the Company has not made a decision to sell nor will it more likely than not be required to sell before anticipated recovery, it does not consider any of the remaining investments in unrealized loss positions to be other-than-temporarily impaired at March 31, 2010 and December 31, 2009.

Gross realized gains on sales and calls of securities were $93.8 million and $2.3 million for the three months ended March 31, 2010 and 2009, respectively. Gross realized losses on sales and calls of securities were zero and $0.7 million for the three months ended March 31, 2010 and 2009, respectively. Tax expense on net realized gains was $33.3 million and $0.8 million for the three months ended March 31, 2010 and 2009, respectively.

The Company's sale of securities resulted in the reclassification of $66.1 million and $(6.4) million of net gains/(losses) after tax from accumulated other comprehensive income into earnings, for the three months ended March 31, 2010 and 2009, respectively.

Securities available-for-sale included pledged securities of $11.4 billion and $11.9 billion at March 31, 2010 and at December 31, 2009, respectively.

Loans Held for Investment, Allowance for Loan and Lease Losses and Unfunded Lending Commitments	3 Months Ended
	Mar. 31, 2010
Statement [Line Items]
Loans Held for Investment, Allowance for Loan and Lease Losses and Unfunded Lending Commitments	div div p style="border-bottom: #000000 1pt solid; line-height: 1px; margin-top: 0px; margin-bottom: 2px;" /p p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"ba name="toc31986_13" /aNOTE 6#8212;LOANS HELD FOR INVESTMENT, ALLOWANCE FOR LOAN AND LEASE LOSSES AND UNFUNDED LENDING COMMITMENTS /b/font/p p style="border-bottom: #000000 1pt solid; line-height: 1px; margin-top: 0px; margin-bottom: 2px;"nbsp;/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The composition of the loans held for investment portfolio (including loans restricted for securitization investors) was as follows: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="76%" align="center" tr td width="67%" /td td valign="bottom" width="6%" /td td /td td /td td valign="bottom" width="6%" /td td /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bMarchnbsp;31, 2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bDecembernbsp;31,nbsp;2009/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Consumer loans:/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Credit cards/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 5em;"font style="font-family: Times New Roman;" class="_mt" size="2"Domestic/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b50,092,848/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"13,373,383/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 5em;"font style="font-family: Times New Roman;" class="_mt" size="2"International/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b7,548,484/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,229,321/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total credit cards/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b57,641,332/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"15,602,704/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Installment loans/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 5em;"font style="font-family: Times New Roman;" class="_mt" size="2"Domestic/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b5,984,402/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6,693,165/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 5em;"font style="font-family: Times New Roman;" class="_mt" size="2"International/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b29,626/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"43,890/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total installment loans/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b6,014,028/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6,737,055/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 5em;"font style="font-family: Times New Roman;" class="_mt" size="2"Auto loans/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b17,446,430/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"18,186,064/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 5em;"font style="font-family: Times New Roman;" class="_mt" size="2"Mortgage loans/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b13,966,471/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"14,893,187/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 5em;"font style="font-family: Times New Roman;" class="_mt" size="2"Retail Banking/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b4,969,775/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"5,135,242/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total consumer loans/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b100,038,036/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"60,554,252/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Commercial loans/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Commercial and multi family real estate/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b13,617,900/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"13,843,158/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Middle Market/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b10,310,156/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"10,061,819/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Specialty Lending/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b3,618,987/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,554,563/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Small ticket commercial real estate/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b2,065,095/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,153,510/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total Commercial loans/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b29,612,138/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"29,613,050/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other loans/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b464,347/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"451,697/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total loans held for investment/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b130,114,521/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"90,618,999/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td/tr/table p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Of the $130.1 billion and $90.6 billion in the loans held for investment portfolio, $57.5 billion and $15.5 billion relate to restricted loans for securitization investors as of March 31, 2010 and December 31, 2009, respectively. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Loans totaling approximately $2.0 billion and $2.3 billion, representing amounts which were greater than 90 days past due, were included in the Company's reported loan portfolio as of March 31, 2010 and December 31, 2009, respectively. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"As of March 31, 2010 and December 31, 2009, the Company had $1.4 billion and $1.3 billion, respectively, in non-performing loans. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Loans that were considered individually impaired at March 31, 2010 and December 31, 2009 were $808.3 million and $787.8 million, respectively. The Company had a corresponding specific allowance for loan and lease losses of $155.8 million and $114.9 million at March 31, 2010 and December 31, 2009, respectively, relating to individually impaired loans of $415.2 million and $385.6 million at March 31, 2010 and December 31, 2009, respectively. The average balance of individually impaired loans was $773.4 million and $527.6 million for the three months ended March 31, 2010 and 2009, respectively. Interest income recognized during the three months ended March 31, 2010 and 2009 related to individually impaired loans was not material. /font/p p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bAllowance for Loan and Lease Losses /b/font/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following is a summary of changes in the allowance for loan and lease losses: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="76%" align="center" tr td width="70%" /td td valign="bottom" width="8%" /td td /td td /td td /td td valign="bottom" width="8%" /td td /td td /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bThree Months Ended/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bMarchnbsp;31,nbsp;2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bMarchnbsp;31,nbsp;2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Balance at beginning of year/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b4,127,395/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,523,960/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Consolidation impact of securitization trusts/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b4,263,383/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Adjusted balance at the beginning of the period/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b8,390,778/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,523,960/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Provision for loan and lease losses/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b1,478,200/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,279,137/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;" /sup/font/bfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"b /b/supbfont style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/b/font/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(99,450font style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;" /sup/font/bfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"b /b/supbfont style="font-family: Times New Roman;" class="_mt" size="2" /font/b/font/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)font style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"nbsp; /sup/font/bfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(1)b /b/supbfont style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/b/font/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(17,279/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Charge-offs/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;" /sup/font/bfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"b /b/supbfont style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/b/font/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(2,418,545font style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;" /sup/font/bfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"b /b/supbfont style="font-family: Times New Roman;" class="_mt" size="2" /font/b/font/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp; font style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;" /sup/font/bfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(2) b /b/supbfont style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/b/font/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(1,323,181/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Principal recoveries/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b /b/fontfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;" /sup/fontfont style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b400,762/b/fontfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;" /sup/fontfont style="font-family: Times New Roman;" class="_mt" size="2"b /b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b /bnbsp;nbsp; /fontfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(2)/sup/fontfont style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"185,394/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Net charge-offs/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(2,017,783/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(1,137,787/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Balance at Marchnbsp;31/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b7,751,745/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,648,031/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 0px; margin-bottom: 0px;"font class="_mt" size="1" /fontnbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(1)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"In conjunction with the deconsolidation on Marchnbsp;10, 2010 certain option arm mortgage loan trusts, originated by Chevy Chase Bank the Company released $73.2 million of allowance recorded upon the initial consolidation. /font/td/tr/table table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(2)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Includes charge-offs and recoveries for newly consolidated loans related to trusts previously accounted for as off-balance sheet arrangements. /font/td/tr/table p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company's acquired loans from the Chevy Chase Bank acquisition were initially recorded at fair value and no separate allowance for loan and lease losses is recorded for these loans as long as the loans perform as initially expected. Charge-offs of $98.5 million and $20.9 million at March 31, 2010 and 2009, respectively, were applied against the non-accretable difference established at acquisition. See "Note 2- Loans Acquired in a Transfer" for a more detailed discussion. /font/p p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bUnfunded Lending Commitments /b/font/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"We manage the potential risk in credit commitments by limiting the total amount of arrangements, both by individual customer and in total, by monitoring the size and maturity structure of these portfolios and by applying the same credit standards for all of our credit activities. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"As of March 31, 2010 and December 31, 2009, the Company had $154.1 billion and $154.9 billion, respectively, of unused credit card lines. While this amount represented the total unused available credit card lines, the Company has not experienced, and does not anticipate, that all of its customers will exercise their entire available line at any given point in time. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In addition to available unused credit card lines, the Company enters into commitments to extend credit that are legally binding conditional agreements having fixed expirations or termination dates and specified interest rates and purposes. These commitments generally require customers to maintain certain credit standards. Collateral requirements and loan-to-value ratios are the same as those for funded transactions and are established based on management's credit assessment of the customer. Commitments may expire without being drawn upon. Therefore, the total commitment amount does not necessarily represent future requirements. The Company maintains a reserve for unfunded loan commitments and letters of credit to absorb estimated probable losses related to these unfunded credit facilities in other liabilities. The outstanding unfunded commitments to extend credit other than credit card lines were approximately $12.6 billion and $12.0 billion as of March 31, 2010 and December 31, 2009 , respectively. A reserve of $123.6 million and $118.6 million has been established as of March 31, 2010 and December 31, 2009, respectively. /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 18px;"nbsp;/p/div /div

Fair Value Of Financial Instruments

3 Months Ended

Mar. 31, 2010

Statement [Line Items]

Fair Value Of Financial Instruments

NOTE 7—FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Fair Value Measurements and Disclosures requires that valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. It also establishes a fair value hierarchy which prioritizes the valuation inputs into three broad levels. Based on the underlying inputs, each fair value measurement in its entirety is reported in one of the three levels. These levels are:

•

Level 1—Valuation is based upon quoted prices for identical instruments traded in active markets. Level 1 assets and liabilities include debt and equity securities traded in an active exchange market, as well as U.S. Treasury securities.

•

Level 2—Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

•

Level 3—Valuation is determined using model-based techniques with significant assumptions not observable in the market. These unobservable assumptions reflect the Company's own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of third party pricing services, option pricing models, discounted cash flow models and similar techniques.

The Fair Value Option for Financial Assets and Liabilities allows an entity the irrevocable option to elect fair value for the initial and subsequent measurement for certain financial assets and liabilities on a contract-by-contract basis. The Company has not made any material Fair Value Option for Financial Assets and Liabilities elections as of the end of the first quarter 2010.

Assets and Liabilities Measured at Fair Value on a Recurring Basis


	March 31, 2010
	Fair Value Measurements Using ⁽²⁾						Assets/Liabilities at Fair Value
	Level 1		Level 2		Level 3		Assets/Liabilities at Fair Value
Assets
Securities available for sale
U.S. Treasury and other U.S. Gov't agency	$	390,264	$	448,981	$	—	$	839,245
Collateralized mortgage obligations		—		12,574,412		774,267		13,348,679
Mortgage-backed securities		—		14,524,896		370,841		14,895,737
Asset-backed securities		—		8,622,539		82,919		8,705,458
Other		87,992		348,020		25,886		461,898

Total securities available for sale	$	478,256	$	36,518,848	$	1,253,913	$	38,251,017
Other assets
Mortgage servicing rights		—		—		230,428		230,428
Derivative receivables^{(1) (2)}		1,137		1,042,683		38,089		1,081,909
Retained interests in securitization		—		—		195,520		195,520

Total Assets	$	479,393	$	37,561,531	$	1,717,950	$	39,758,874


Liabilities
Other liabilities
Derivative payables⁽¹⁾	$	4,417	$	432,466	$	34,726	$	471,609

Total Liabilities	$	4,417	$	432,466	$	34,726	$	471,609


	December 31, 2009
	Fair Value Measurements Using ⁽²⁾						Assets/Liabilities at Fair Value
	Level 1		Level 2		Level 3		Assets/Liabilities at Fair Value
Assets
Securities available for sale
U.S. Treasury and other U.S. Gov't agency	$	391,694	$	477,012	$	—	$	868,706
Collateralized mortgage obligations		—		8,656,133		981,895		9,638,028
Mortgage-backed securities		—		20,198,146		486,035		20,684,181
Asset-backed securities		—		7,178,495		13,111		7,191,606
Other		72,774		348,776		25,491		447,041

Total securities available for sale	$	464,468	$	36,858,562	$	1,506,532	$	38,829,562
Other assets
Mortgage servicing rights		—		—		239,651		239,651
Derivative receivables⁽¹⁾⁽²⁾		3,622		625,059		440,592		1,069,273
Retained interests in securitizations		—		—		3,944,540		3,944,540

Total Assets	$	468,090	$	37,483,621	$	6,131,315	$	44,083,026


Liabilities
Other liabilities
Derivative payables⁽¹⁾	$	8,189	$	366,010	$	32,934	$	407,132

Total Liabilities	$	8,189	$	366,010	$	32,934	$	407,132

(1)

The Company does not offset the fair value of derivative contracts in a loss position against the fair value of contracts in a gain position. The Company also does not offset fair value amounts recognized for derivative instruments and fair value amounts recognized for the right to reclaim cash collateral or the obligation to return cash collateral arising from derivative instruments executed with the same counterparty under a master netting arrangement.

(2)

The above table does not reflect $13.3 million and $3.5 million recognized as a net valuation allowance on derivative assets and liabilities for non-performance risk as of March 31, 2010 and December 31, 2009, respectively. Non-performance risk is reflected in other assets/liabilities on the balance sheet and offset through the income statement in other income.

The determination of the classification of financial instruments in Level 2 or Level 3 of the fair value hierarchy is performed at the end of each reporting period. We consider all available information, including observable market data, indications of market liquidity and orderliness, and our understanding of the valuation techniques and significant inputs. Based upon the specific facts and circumstances of each instrument or instrument category, judgments are made regarding the significance of the Level 3 inputs to the instruments' fair value measurement in its entirety. If Level 3 inputs are considered significant, the instrument is classified as Level 3. The process for determining fair value using unobservable inputs is generally more subjective and involves a high degree of management judgment and assumptions.

During the first quarter of 2010, the Company had minimal movements between Levels 1 and 2. In connection with the adoption of the new consolidation accounting standards on January 1, 2010, Retained Interests in Securitizations, which were considered a Level 3 security, were reclassified to loans held for investment when the underlying trusts were consolidated.

Level 3 Instruments Only

Financial instruments are considered Level 3 when their values are determined using pricing models, which include comparison of prices from multiple sources, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable or there is significant variability among pricing sources. Level 3 financial instruments also include those for which the determination of fair value requires significant management judgment or estimation. The table below presents a reconciliation for all assets and liabilities measured and recognized at fair value on a recurring basis using significant unobservable inputs (Level 3) during 2010.


	For the Three Months Ended March 31, 2010
	Securities Available for Sale			Mortgage Servicing Rights⁽¹⁾			Derivative Receivables⁽²⁾			Retained Interests in Securitizations⁽³⁾			Derivative Payables⁽²⁾
Balance, December 31, 2009	$	1,506,532		$	239,651		$	440,592		$	3,944,540		$	32,934
Total realized and unrealized gains (losses):
Included in earnings		(3	)		(2,425	)		(1,423	)		2,893			1,753
Included in other comprehensive income		(20,447	)		—			—			277			—
Purchases, issuances and settlements, net		60,914			(6,798	)		415			(1,214	)		39
Impact of adoption of consolidation standards		—			—			(401,424	)		(3,750,976	)		—
Transfers in to Level 3⁽⁴⁾		314,673			—			—			—			—
Transfers out of Level 3 ⁽⁴⁾		(607,756	)		—			(71	)		—			—

Balance, March 31, 2010	$	1,253,913		$	230,428		$	38,089		$	195,520		$	34,726

Change in unrealized gains (losses) included in earnings related to financial instruments held at March 31, 2010	$	(3	)	$	(2,425	)	$	(1,423	)	$	2,850		$	1,753


	For the Three Months Ended March 31, 2010
Securities Available for Sale	U.S. Treasury & other U.S. Gov't agency		Collateralized mortgage obligations			Mortgage- backed securities			Asset- backed securities			Other		Total
Balance, December 31, 2009	$	—	$	981,895		$	486,035		$	13,111		$	25,491	$	1,506,532
Total realized and unrealized gains (losses):
Included in earnings		—		(3	)		—			—			—		(3	)
Included in other comprehensive income		—		(22,521	)		2,266			(192	)		—		(20,447	)
Purchases, issuances and settlements, net		—		(9,481	)		—			70,000			395		60,914
Transfers in to Level 3 ⁽⁴⁾		—		113,026			201,647			—			—		314,673
Transfers out of Level 3 ⁽⁴⁾		—		(288,649	)		(319,107	)		—			—		(607,756	)

Balance, March 31, 2010	$	—	$	774,267		$	370,841		$	82,919		$	25,886	$	1,253,913

Change in unrealized gains (losses) included in earnings related to financial instruments held at March 31, 2010	$	—	$	(3	)	$	—		$	—		$	—	$	(3	)


	For the Three Months Ended March 31, 2009
	Securities Available for Sale ⁽⁵⁾			Mortgage Servicing Rights⁽¹⁾		Derivative Receivables⁽²⁾			Retained Interests in Securitizations⁽³⁾			Derivative Payables⁽²⁾
Balance, December 31, 2008	$	2,380,261		$	150,544	$	59,895		$	1,470,385		$	60,672
Total realized and unrealized gains (losses):
Included in earnings		—			2,656		(5,870	)		(101,127	)		(5,898	)
Included in other comprehensive income		(111,472	)		—		—			22,898			—
Purchases, issuances and settlements, net		61,938			105,463		600,121			793,550			(395	)
Transfers in/(out) of Level 3		(19,867	)		—		—			—			—

Balance, March 31, 2009	$	2,310,860		$	258,663	$	654,146		$	2,185,706		$	54,379

Change in unrealized gains (losses) included in earnings related to financial instruments held at March 31, 2009	$	—		$	2,656	$	(5,870	)	$	(25,696	)	$	(5,898	)

(1)	Gains (losses) related to Level 3 mortgage servicing rights are reported in mortgage servicing and other income, which is a component of non-interest income.

(2)

An end of quarter convention is used to measure derivative activity, resulting in end of quarter values being reflected as purchases, issuances and settlements for derivatives having a zero fair value at inception. Gains (losses) related to Level 3 derivative receivables and derivative payables are reported in other non-interest income, which is a component of non-interest income.

(3)

An end of quarter convention is used to reflect activity in retained interests in securitizations, resulting in all transactions and assumption changes being reflected as if they occurred on the last day of the quarter. Gains (losses) related to Level 3 retained interests in securitizations are reported in servicing and securitizations income, which is a component of non-interest income.

(4)

The transfer out of Level 3 for the first quarter of 2010 was driven by a combination of greater consistency amongst multiple pricing sources and the on-going run-off of non-agency MBS. The transfers into Level 3 were driven by the overall tightening in the differences amongst vendor pricing on non-agency MBS, which were caused by individual instances where either the differences amongst vendor pricing were too great or there were an inadequate number of vendors providing pricing for corroboration. This resulted in transfers in a number of securities being moved from Level 2 to Level 3, but the trend has most of the non-agency movement going from Level 3 to Level 2.

(5)	Securities available for sale were not broken-out by security type as of March 31, 2009, as the fair value and disclosure requirements under ASC 820-10 are applied prospectively.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

The Company is also required to measure and recognize certain other financial assets at fair value on a nonrecurring basis in the consolidated balance sheet. For assets measured at fair value on a nonrecurring basis and still held on the consolidated balance sheet at March 31, 2010 and December 31, 2009, the following table provides the fair value measures by level of valuation assumptions used and the amount of fair value adjustments recorded in earnings for those assets. Fair value adjustments for loans held for sale, foreclosed assets, and other assets are recorded in other non-interest expense, and fair value adjustments for loans held for investment are recorded in provision for loan and lease losses in the consolidated statement of income.

March 31, 2010

Fair Value Measurements Using

Assets at
Fair Value

Total
Losses

Level 1

Level 2

Level 3

Assets

Loans held for sale

—

245,548

—

245,548

4,507

Loans held for investment

—

22,562

268,421

290,983

124,212

Foreclosed assets⁽¹⁾

—

188,629

—

188,629

10,508

Other

—

17,710

—

17,710

(1,660

)

Total

—

474,449

268,421

742,870

137,567

December 31, 2009

Fair Value Measurements Using

Assets at
Fair Value

Total
Losses

Level 1

Level 2

Level 3

Assets

Loans held for sale

—

266,240

—

266,240

15,433

Loans held for investment

—

39,367

231,375

270,742

114,869

Foreclosed assets⁽¹⁾

—

197,386

—

197,386

26,211

Other

—

31,310

—

31,310

(3,866

)

Total

—

534,303

231,375

765,678

152,647

(1)	Represents the fair value and related losses of foreclosed properties that were written down subsequent to their initial classification as foreclosed properties.

Fair Value of Financial Instruments

The following reflects the fair value of financial instruments whether or not recognized on the consolidated balance sheet at fair value.


	March 31, 2010				December 31, 2009
	Carrying Amount		Estimated Fair Value		Carrying Amount ⁽¹⁾		Estimated Fair Value⁽¹⁾
Financial Assets
Cash and cash equivalents	$	7,498,366	$	7,498,366	$	8,684,624	$	8,684,624
Restricted cash for securitization investors		3,286,002		3,286,002		501,113		501,113
Securities available for sale		38,251,017		38,251,017		38,829,562		38,829,562
Securities held to maturity		—		—		80,577		80,577
Loans held for sale		247,445		247,445		268,307		268,307
Net loans held for investment		122,362,776		125,411,837		86,491,604		86,158,212
Interest receivable		1,134,751		1,134,751		936,146		936,146
Accounts receivable from securitization		205,960		205,960		7,128,484		7,128,484
Derivatives		1,081,909		1,081,909		1,069,273		1,069,273
Mortgage servicing rights		230,428		230,428		239,651		239,651
Financial Liabilities
Non-interest bearing deposits	$	13,773,082	$	13,773,082	$	13,438,659	$	13,438,659
Interest-bearing deposits		104,013,477		104,266,826		102,370,437		102,616,339
Senior and subordinated notes		9,134,292		9,366,312		9,045,470		9,156,030
Securitized debt obligations		37,829,527		37,550,759		3,953,492		3,890,305
Other borrowings		5,708,279		5,601,863		8,014,969		7,832,740
Interest payable		521,875		521,875		509,105		509,105
Derivatives		471,609		471,609		407,132		407,132

(1)	Certain prior period amounts have been revised to conform to current presentation.

The following describes the valuation techniques used in estimating the fair value of the Company's financial instruments as of March 31, 2010 and December 31, 2009. The Company applied the provisions of Fair Value Measurements and Disclosures, to the financial instruments not recognized on the consolidated balance sheet at fair value, which include loans held for investment, interest receivable, non-interest bearing and interest bearing deposits, other borrowings, senior and subordinated notes, and interest payable. The provisions requiring the Company to maximize the use of observable inputs and to measure fair value using a notion of exit price were factored into the Company's selection of inputs into its established valuation techniques.

Financial Assets

Cash and cash equivalents

The carrying amounts of cash and due from banks, federal funds sold and resale agreements and interest-bearing deposits at other banks approximate fair value.

Restricted cash for securitization investors

The carrying amounts of restricted cash for securitization investors approximate their fair value.

Securities held to maturity

The carrying amounts of securities held to maturity, which consists of negative amortization bonds, approximate fair value. The Company recorded these securities at fair value on the date of acquisition. Fair value is determined using a discounted cash flow method, a form of the income approach. Discount rates were determined considering market rates at which similar instruments would be sold to third parties.

Securities available for sale

Quoted prices in active markets are used to measure the fair value of U.S. Treasury securities. For other investment categories, the Company utilizes multiple third party pricing services to obtain fair value measures for the large majority of its securities. A pricing service may be considered as the primary pricing provider for certain types of securities, and the designation of the primary pricing provider may vary depending on the type of securities. The determination of the primary pricing provider is based on the Company's experience and validation benchmark of the pricing service's performance in terms of providing fair value measurement for the various types of securities.

Certain securities available for sale are classified as Level 2 and 3, the majority of which are collateralized mortgage obligations and mortgage backed securities. Classification indicates that significant valuation assumptions are not consistently observable in the market. When significant assumptions are not consistently observable, fair values are derived using the best available data. Such data may include quotes provided by a dealer, the use of external pricing services, independent pricing models, or other model-based valuation techniques such as calculation of the present values of future cash flows incorporating assumptions such as benchmark yields, spreads, prepayment speeds, credit ratings, and losses. The techniques used by the pricing services utilize observable market data to the extent available. Pricing models may be used, which can vary by asset class and may incorporate available trade, bid and other market information. Across asset classes information such as trader /dealer input, credit spreads, forward curves, and prepayment speeds are used to help determine appropriate valuations. Because many fixed income securities do not trade on a daily basis, the evaluated pricing applications may apply available information through processes such as benchmarking curves, like securities, sector groupings, and matrix pricing to prepare valuations. In addition, model processes are used by the pricing services to develop prepayment and interest rate scenarios.

The Company validates the pricing obtained from the primary pricing providers through comparison of pricing to additional sources, including other pricing services, dealer pricing indications in transaction results, and other internal sources. Pricing variances among different pricing sources are analyzed and validated.

As of March 31, 2010, we saw significant improvements in the market value of our portfolio holdings driven by stabilization of the financial markets and reduced risk premiums as compared to 2009. The decrease in the amount of Level 3 securities reflected continued run-off of the securities, the liquidation of the Company's CMBS and MBS securities, and improvement in pricing consistency.

Loans held for sale

Loans held for sale are carried at the lower of aggregate cost, net of deferred fees, deferred origination costs and effects of hedge accounting, or fair value. The fair value of loans held for sale is determined using current secondary market prices for portfolios with similar characteristics. The carrying amounts as of March 31, 2010 and December 31, 2009 approximate fair value.

Loans held for investment, net

The fair values of credit card loans, installment loans, auto loans, mortgage loans and commercial loans were estimated using a discounted cash flow method, a form of the income approach. Discount rates were determined considering rates at which similar portfolios of loans would be made under current conditions and considering liquidity spreads applicable to each loan portfolio based on the secondary market. The fair value of credit card loans excluded any value related to customer account relationships. The increase in fair value above carrying amount at March 31, 2010 was primarily due to a tightening of liquidity spreads and improved credit performance noted in our primarily in our credit card and auto portfolios. The most significant discounts to carrying amount were seen in the Company's commercial and mortgage portfolios.

Commercial loans are considered impaired when it is probable that all amounts due in accordance with the contractual terms will not be collected. From time to time, the Company records nonrecurring fair value adjustments to reflect the fair value of the loan's collateral. See table within "Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis" above.

Interest Receivable

The carrying amount approximates the fair value of this asset due to its relatively short-term nature.

Accounts receivable from securitizations

Accounts receivable from securitizations include the interest-only strip, retained notes accrued interest receivable, cash reserve accounts and cash spread accounts for those securitization structures achieving off- balance sheet treatment. Refer to "Note 13 – Securitizations" for discussion regarding the adoption of the new accounting consolidation standards on January 1, 2010. The Company uses a valuation model that calculates the present value of estimated future cash flows. The model incorporates the Company's own estimates of assumptions market participants use in determining fair value, including estimates of payment rates, defaults, discount rates including adjustments for liquidity, and contractual interest and fees. Other retained interests related to securitizations are carried at cost, which approximates fair value. The valuation technique for these securities is discussed in more detail in "Note 13- Securitizations".

Derivative assets

Most of the Company's derivatives are not exchange traded, but instead traded in over the counter markets where quoted market prices are not readily available. The fair value of those derivatives is derived using models that use primarily market observable inputs, such as interest rate yield curves, credit curves, option volatility and currency rates are classified as Level 2. Any derivative fair value measurements using significant assumptions that are unobservable are classified as Level 3, which include interest rate swaps whose remaining terms do not correlate with market observable interest rate yield curves. The impact of counterparty non-performance risk is considered when measuring the fair value of derivative assets. These derivatives are included in other assets on the balance sheet.

The Company validates the pricing obtained from the internal models through comparison of pricing to additional sources, including external valuation agents and other internal sources. Pricing variances among different pricing sources are analyzed and validated.

Mortgage servicing rights

Mortgage servicing rights ("MSRs") do not trade in an active market with readily observable prices. Accordingly, the Company determines the fair value of MSRs using a valuation model that calculates the present value of estimated future net servicing income. The model incorporates assumptions that market participants use in estimating future net servicing income, including estimates of prepayment spreads, discount rate, cost to service, contractual servicing fee income, ancillary income and late fees. The Company records MSRs at fair value on a recurring basis. Fair value measurements of MSRs use significant unobservable inputs and, accordingly, are classified as Level 3. The valuation technique for these securities is discussed in more detail in "Note 10- Mortgage Servicing Rights".

Financial liabilities

Interest bearing deposits

The fair value of other interest-bearing deposits was determined based on discounted expected cash flows using discount rates consistent with current market rates for similar products with similar remaining terms.

Non-interest bearing deposits

The carrying amount approximates fair value.

Senior and subordinated notes

The Company engages third party pricing services in order to estimate the fair value of senior and subordinated notes. The pricing service utilizes a pricing model that incorporates available trade, bid and other market information. It also incorporates spread assumptions, volatility assumptions and relevant credit information into the pricing models.

Securitized debt obligations

The fair value for the majority of our securitized debt obligations was based on third party pricing services. The methodology used by these pricing services was the same as the methodology used to determine the fair value of senior and subordinated notes, which is described below. The Company used internal pricing models, discounted cash flow models or similar techniques to estimate the fair value of certain securitization trusts where third party pricing was not provided.

Other borrowings

The carrying amount of federal funds purchased and resale agreements, FHLB advances, and other short-term borrowings approximates fair value. The fair value of junior subordinated debentures was estimated using the same methodology as described for senior and subordinated notes below. The fair value of other borrowings was determined based on trade information for bonds with similar duration and credit quality, adjusted to incorporate any relevant credit information of the issuer. The decrease in fair value of other borrowings below carrying values at March 31, 2010 was primarily due to interest rate spreads across the industry and the discounts in secondary trading activity exhibited in the junior subordinated debentures during the first quarter of 2010.

Interest payable

The carrying amount approximates the fair value of this liability due to its relatively short-term nature.

Derivative liabilities

Commitments to extend credit and letters of credit

These financial instruments are generally not sold or traded. The fair value of the financial guarantees outstanding at March 31, 2010 and December 31, 2009 that have been issued since January 1, 2003, are $2.8 million and $3.1 million, respectively, and was included in other liabilities. The estimated fair values of extensions of credit and letters of credit are not readily available. However, the fair value of commitments to extend credit and letters of credit is based on fees currently charged to enter into similar agreements with comparable credit risks and the current creditworthiness of the counterparties. Commitments to extend credit issued by the Company are generally short-term in nature and, if drawn upon, are issued under current market terms and conditions for credits with comparable risks. At March 31, 2010 and December 31, 2009 there was no material unrealized appreciation or depreciation on these financial instruments.

Goodwill and Other Intangible Assets	3 Months Ended
Goodwill and Other Intangible Assets	Mar. 31, 2010
Statement [Line Items]
Goodwill and Other Intangible Assets	div div p style="margin-top: 0px; margin-bottom: 0px; font-size: 18px;" /p p style="border-bottom: #000000 1pt solid; line-height: 1px; margin-top: 0px; margin-bottom: 2px;"nbsp;/p p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"ba name="toc31986_15" /aNOTE 8#8212;GOODWILL AND OTHER INTANGIBLE ASSETS /b/font/p p style="border-bottom: #000000 1pt solid; line-height: 1px; margin-top: 0px; margin-bottom: 2px;"nbsp;/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company's goodwill balance for quarter ended as March 31, 2010 was $13.6 billion; the decrease of $7.0 million from December 31, 2009 was primarily attributed to foreign currency translation adjustments. The goodwill is allocated to the Company's Credit Card, Commercial Banking and Consumer Banking segments and is tested for impairment at the reporting unit level, which is at the operating segment level or one level below an operating segment. There were no events requiring an interim impairment test and there has been no goodwill impairment recorded for the quarter ended March 31, 2010. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The core deposit and trust intangibles reflect the estimated value of deposit and trust relationships. The lease intangibles reflect the difference between the contractual obligation under current lease contracts and the fair market value of the lease contracts at the acquisition date. The other intangible items relate to customer lists and brokerage relationships. /font/p p style="margin-top: 0px; margin-bottom: 0px;"font class="_mt" size="1" /fontnbsp;/p p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following table summarizes the Company's intangible assets subject to amortization. /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="92%" align="center" tr td width="59%" /td td valign="bottom" width="3%" /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td valign="bottom" width="3%" /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="11" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bMarchnbsp;31, 2010/b/font/td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bGrossbr /Carryingbr /Amount/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAccumulatedbr /Amortization/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bNetbr /Carryingbr /Amount/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bRemainingbr /Amortizationbr /Period/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Core deposit intangibles/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b1,561,920/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(765,243/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b796,677/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b7.7nbsp;years/b/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Lease intangibles/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b53,992/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(24,258/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b29,734/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b22.5nbsp;years/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Trust intangibles/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b10,500/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(4,480/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b6,020/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b13.7 years/b/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other intangibles/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b35,148/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(18,511/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b16,637/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b3.0 years/b/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b1,661,560/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(812,492/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b849,068/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td/tr/table p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="92%" align="center" tr td width="59%" /td td valign="bottom" width="3%" /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td valign="bottom" width="3%" /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="11" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bDecembernbsp;31, 2009/b/font/td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bGrossbr /Carryingbr /Amount/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAccumulatedbr /Amortization/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bNetbr /Carryingbr /Amount/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bRemainingbr /Amortizationbr /Period/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Core deposit intangibles/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,561,920/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(713,119/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"848,801/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"8.0nbsp;years/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Lease intangibles/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"53,992/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(22,845/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"31,147/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"22.7nbsp;years/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Trust intangibles/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"10,500/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(4,256/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6,244/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"13.9 years/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other intangibles/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"35,148/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(15,414/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"19,734/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3.2 years/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,661,560/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(755,634/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"905,926/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td/tr/table p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Intangibles are amortized on an accelerated basis using the sum of digits methodology over their respective estimated useful lives. Intangible assets are recorded in other assets on the balance sheet. Amortization expense for intangibles of $56.9 million and $52.4 million, is recorded to non-interest expense for the three months ended March 31, 2010 and March 31, 2009, respectively. The weighted average amortization period for all purchase accounting intangibles is 8.2 years. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following table summarizes the Company's estimated future amortization expense for intangible assets as of March 31, 2010: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="68%" align="center" tr td width="59%" /td td valign="bottom" width="33%" /td td /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bCurrentnbsp;Periodnbsp;Amortizationnbsp;Amount/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Three months ended March 31, 2010/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"56,858/font/td/tr tr td height="16" /td td height="16" colspan="3" /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bEstimatednbsp;Futurenbsp;Amortizationnbsp;Amounts/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2010 (remaining nine months)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"158,392/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2011/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"183,188/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2012/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"150,731/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2013/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"121,790/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2014/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"93,791/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2015/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"67,136/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Thereafter/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"74,040/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"849,068/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td/tr/table/div /div

Deposits and Borrowings

3 Months Ended

Mar. 31, 2010

Statement [Line Items]

Deposits and Borrowings

NOTE 9—DEPOSITS AND BORROWINGS

Borrowings as of March 31, 2010 and December 31, 2009 were as follows:


	March 31, 2010			December 31, 2009
Deposits
Non-interest bearing deposits	$	13,773,082		$	13,438,659
Interest-bearing deposits ⁽¹⁾		104,013,477			102,370,437

Total deposits	$	117,786,559		$	115,809,096

Securitized debt obligations⁽²⁾
Fixed, interest rates ranging from 3.20% to 6.40%, due 2010 to 2011	$	10,198,742		$	994,580
Variable, interest rates ranging from 0.22% to 4.74% due 2010 to 2033		27,630,785			2,958,912

Total securitized debt obligations	$	37,829,527		$	3,953,492

Senior and subordinated notes
Bank notes:
5.75% Senior Fixed Notes par value of $516,722 due 2010	$	516,706		$	516,696
5.125% Senior Fixed Notes par value of $274,696 due 2014		274,567			274,560
9.25% Subordinated Fixed Notes par value of $150,000 due 2010		152,913			154,319
6.50% Subordinated Fixed Notes par value of $500,000 due 2013		499,412			499,383
8.80% Subordinated Fixed Notes par value of $1,500,000 due 2019		1,499,444			1,499,452
Fair value hedge-related basis adjustments		81,476			52,667
Corporation notes:
5.70% Senior Fixed Notes par value of $854,451 due 2011		854,316			854,288
4.80% Senior Fixed Notes par value of $282,335 due 2012		282,016			281,975
6.25% Senior Fixed Notes par value of $277,665 due 2013		277,084			277,049
7.375% Senior Fixed Notes par value of $1,000,000 due 2014		995,745			995,548
5.50% Senior Fixed Notes par value of $375,005 due 2015		374,797			374,790
5.25% Senior Fixed Notes par value of $226,290 due 2017		225,793			225,777
6.75% Senior Fixed Notes par value of $1,341,045 due 2017		1,337,975			1,337,849
5.875% Subordinated Fixed Notes par value of $350,000 due 2012		354,648			355,108
5.35% Subordinated Fixed Notes par value of $100,000 due 2014		98,718			98,646
6.15% Subordinated Fixed Notes par value of $1,000,000 due 2016		997,775			997,689
Fair value hedge-related basis adjustments		310,907			249,674

Total senior and subordinated notes	$	9,134,292		$	9,045,470

Other borrowings
Junior subordinated debentures
8.00% Subordinated Fixed Notes par value of $103,093 due 2027	$	108,738		$	108,789
8.17% Subordinated Fixed Notes par value of $46,547 due 2028		49,547			49,564
3.339% Subordinated Floating Notes par value of $10,310 due 2033 ⁽³⁾		10,843			10,843
7.686% Subordinated Fixed Notes par value of $651,000 due 2036		650,962			650,962
6.745% Subordinated Fixed Notes par value of $500,010 due 2037		499,991			499,991
10.25% Subordinated Fixed Notes par value of $1,000,010 due 2039		988,337			988,291
8.875% Subordinated Fixed Notes par value of $1,000,010 due 2040		986,917			986,881
7.50% Subordinated Fixed Notes par value of $346,000 due 2066		346,000			346,000
Unamortized fees		2,508			(972	)

Total junior subordinated debentures	$	3,643,843		$	3,640,349
FHLB advances ⁽⁴⁾
Fixed, interest rates ranging from 2.68% to 7.64%, due 2010 to 2023	$	299,722		$	2,308,460
Variable, interest rate of 0.32% due 2014		925,000			925,000

Total FHLB advances	$	1,224,722		$	3,233,460
Federal funds purchased and repurchase agreements due 2010 ⁽⁵⁾	$	839,833		$	1,140,103
Other short-term borrowings	$	(119	)	$	1,057

Total other borrowings	$	5,708,279		$	8,014,969

(1)	Interest bearing deposits have a weighted average rate of 1.53% and 2.04% at March 31, 2010 and December 31, 2009, respectively.

(2)	Securitized debt obligations have a weighted average rate of 1.99% and 2.37% at March 31, 2010 and December 31, 2009, respectively.

(3)	Floating rate junior subordinated notes have a weighted average rate of 3.339 % and 3.301% at March 31, 2010 and December 31, 2009, respectively.

(4)	FHLB advances have a weighted average rate 0.32 % and 0.32% at March 31, 2010 and December 31, 2009, respectively.

(5)	Federal funds purchased have a weighted average rate of 0.09% and 0.11% at March 31, 2010 and December 31, 2009, respectively.

Deposits

Interest-Bearing Deposits

As of March 31, 2010, the Company had $104.0 billion in interest-bearing deposits of which $8.2 billion represents large denomination certificates of $100,000 or more. As of December 31, 2009, the Company had $102.4 billion in interest-bearing deposits of which $8.8 billion represents large denomination certificates of $100,000 or more.

Corporation Shelf Registration Statement

As of March 31, 2010, the Corporation had an effective shelf registration statement under which the Corporation may offer and sell an indeterminate aggregate amount of senior or subordinated debt securities, preferred stock, depositary shares representing preferred stock, common stock, warrants, trust preferred securities, junior subordinated debt securities, guarantees of trust preferred securities and certain back-up obligations, purchase contracts and units. There is no limit under this shelf registration statement to the amount or number of such securities that the Corporation may offer and sell. Under SEC rules, the Automatic Shelf Registration Statement expires three years after filing and is effective through May 2012.

Securitized Debt Obligations

Upon adoption of the new consolidation guidance on January 1, 2010, the Company consolidated all of its credit card securitization trusts and all but one installment loan program which resulted in an increase of $44.3 billion in securitized debt obligations. The balance as of March 31, 2010 consists of $34.7 billion in credit card and installment loan securitized debt obligations and $3.1 billion in auto securitized debt obligations.

The Company issues securitizations in which it transfers pools of credit card receivables, installment loans and auto loans to various trusts. These securitizations are accounted for as secured borrowings at March 31, 2010. Principal payments on the borrowings are based on principal collections and finance charge and fee collections reclassified to cover losses on the transferred loans. The secured borrowings accrue interest at either fixed or variable rates and mature between April 2010 and July 2025, but may mature earlier or later, depending upon the repayment of the underlying loans. At March 31, 2010 and December 31, 2009, $37.8 billion and $4.0 billion, respectively, of the securitized debt obligations were outstanding. The Company continues to service the receivables in the trusts and it retains certain other interests in the trusts, including retained notes, which are eliminated upon consolidation and cash collateral accounts and cash reserve accounts, which are presented as r estricted cash. See "Note 13- Securitizations" for further discussion of secured borrowings.

Secured borrowings also include tender option bonds of $32.4 million and $33.1 million at March 31, 2010 and December 31, 2009, respectively.

Borrowings

Senior and Subordinated Notes

The Senior and Subordinated Global Bank Note Program gives COBNA the ability to issue securities to both U.S. and non-U.S. lenders and to raise funds in U.S. and foreign currencies. The Senior and Subordinated Global Bank Note Program had $1.3 billion outstanding at March 31, 2010 and December 31, 2009, respectively.

The Company issued senior and subordinated notes that as of March 31, 2010 and December 31, 2009, had an outstanding balance of $9.1 billion and $9.0 billion, respectively. The outstanding balance of senior and subordinated bank notes include a fair value adjustments of $392.4 million and $302.3 million related to fair value accounting hedges at March 31, 2010 and December 31, 2009, respectively. See "Note 12- Derivative Instruments and Hedging Instruments" for a further discussion of fair value interest rate hedges. The weighted average stated rate included in the table above is before the impact of these interest rate derivatives.

Other Borrowings

Junior Subordinated Debentures

At March 31, 2010 and December 31, 2009, the Company had junior subordinated debentures outstanding of $3.6 billion, respectively.

For the three months ended March 31, 2010 and the year ended December 31, 2009, respectively, no junior subordinated debentures were called or matured.

FHLB Advances

The Company utilizes FHLB advances which are secured by the Company's investment in FHLB stock and by a blanket floating lien on portions of the Company's residential mortgage loan portfolio. FHLB advances outstanding were $1.2 billion and $3.2 billion at March 31, 2010 and December 31, 2009, respectively, and include fixed and variable rate advances. FHLB stock totaled $230.3 million and $264.1 million at March 31, 2010 and December 31, 2009, respectively, and is included in other assets.

Shareholders' Equity, Other Comprehensive Income and Earnings Per Common Share

3 Months Ended

Mar. 31, 2010

Statement [Line Items]

Shareholders' Equity, Other Comprehensive Income and Earnings Per Common Share

NOTE 10—SHAREHOLDERS' EQUITY, OTHER COMPREHENSIVE INCOME AND EARNINGS PER COMMON SHARE

Preferred Shares

On November 14, 2008, the Company entered into an agreement (the "Securities Purchase Agreement") to issue 3,555,199 Fixed Rate Cumulative Perpetual Preferred Shares, Series A, par value $0.01 per share (the "Series A Preferred Stock"), to the United States Department of the Treasury ("U.S. Treasury") as part of the Company's participation in the Capital Purchase Program ("CPP"), having a liquidation amount per share equal to $1,000. The Series A Preferred Stock paid cumulative dividend at a rate of 5% per year for the first five years and thereafter at a rate of 9% per year. In addition, the Company issued a warrant (the "Warrants") to purchase 12,657,960 of the Company's common shares to the U.S. Treasury as part of the Securities Purchase Agreement. The Warrant has an exercise price of $42.13 per share and expires ten years from the issuance date.

In 2009, the Company repurchased all 3,555,199 preferred shares at par, under the TARP Capital Purchase Program for approximately $3.57 billion including accrued dividends. With the repurchase, the remaining accretion of the discount of $461.7 million was accelerated and treated as dividend which reduced income available to common shares. On December 9, 2009, the warrants were sold by the U.S. Treasury for $11.75 per warrant. The sale by the U.S. Treasury had no impact on the Company's equity and the warrants remain outstanding and are included in paid in capital.

Common Shares

Secondary Equity Offering

On May 11, 2009, the company raised $1.5 billion through the issuance of 56,000,000 shares of common stock at $27.75 per share.

Accumulated Other Comprehensive Income

The following table presents the cumulative balances of accumulated other comprehensive income, net of deferred tax of $144.9 million and $ 66.8 million as of March 31, 2010 and December 31, 2009:


	March 31, 2010			December 31, 2009
Net unrealized gains on securities⁽¹⁾	$	334,597		$	199,627
Net unrecognized elements of defined benefit plans		(29,655	)		(29,297	)
Foreign currency translation adjustments		(83,232	)		(26,398	)
Unrealized (losses) gains on cash flow hedging instruments		(45,709	)		(60,117	)
Initial application of the measurement date provisions of ASC 715-30/FAS 158		(1,161	)		(1,161	)
Initial application from adoption of consolidation standards		(15,924	)		—

Total accumulated other comprehensive income	$	158,916		$	82,654

⁽¹⁾

Includes net unrealized gains (losses) on securities available for sale and retained subordinated notes. Unrealized losses not related to credit on other-than-temporarily impaired securities of $149.9 million (net of income tax was $96.6 million) and $181.3 million (net of income tax was $116.8 million) was reported in accumulative other comprehensive income as of March 31, 2010 and December 31, 2009, respectively.

During the three months ended March 31, 2010 and 2009, the Company reclassified $20.4 million, and $45.8 million, respectively, of net gains, after tax, on derivative instruments from accumulated other comprehensive income into earnings.

During the three months ended March 31, 2010 and 2009, the Company reclassified $66.1 million and $50.0 million, respectively, of net gains (losses) on sales of securities, after tax, from accumulated other comprehensive income into earnings.

Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:


	Three Months Ended March 31
(Shares in Thousands)	2010			2009
Numerator:
Income (loss) from continuing operations, net of tax	$	719,451		$	(83,104	)
Loss from discontinued operations, net of tax		(83,188	)		(24,958	)

Net income (loss)	$	636,263		$	(108,062	)

Preferred stock dividends and accretion of discount		—		$	(64,190	)

Net income (loss) available to common shareholders	$	636,263		$	(172,252	)

Denominator:
Denominator for basic earnings per share-weighted-average shares		451,044			390,456
Effect of dilutive securities ⁽¹⁾ :
Stock options		1,209			—
Contingently issuable shares		—			—
Restricted stock and units		3,150			—
Dilutive potential common shares		4,359			—

Denominator for diluted earnings per share-adjusted weighted-average shares		455,403			390,456
Basic earnings per share
Income (loss) from continuing operations	$	1.59		$	(0.38	)
Loss from discontinued operations		(0.18	)		(0.06	)

Net income (loss)	$	1.41		$	(0.44	)

Diluted earnings per share
Income (loss) from continuing operations	$	1.58		$	(0.38	)
Loss from discontinued operations		(0.18	)		(0.06	)

Net income (loss)	$	1.40		$	(0.44	)

(1)	Excluded from the computation of diluted earnings per share were 30.7 million and 39.2 million, respectively of awards, options or warrants, for the three months ended March 31, 2010 and 2009, respectively, because their inclusion would be antidilutive.

- Definition

This label may include the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the report ing enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans. Disclosure of the methodology and assumptions used in the reconciliation of earnings per share, which may include the individual income and share amount effects of all securities that affect earnings per share, the effect that has been given to preferred dividends in arriving at income available to common stockholders in computing basic earnings per share, securities (including those issuable pursuant to contingent stock agreements) t hat could potentially dilute basic EPS in the future that were not included in the computation of diluted EPS because to do so would have been antidilutive for the period(s) presented and a description of any transaction that occurs after the end of the most recent period but before issuance of the financial statements that would have changed materially the number of common shares or potential common shares outstanding at the end of the period if the transaction had occurred before the end of the period.

+ References + Details

Mortgage Servicing Rights (MSR)

3 Months Ended

Mar. 31, 2010

Statement [Line Items]

Mortgage Servicing Rights (MSR)

NOTE 11—MORTGAGE SERVICING RIGHTS (MSR)

MSRs are recognized at fair value when mortgage loans are sold or securitized in the secondary market and the right to service these loans is retained for a fee. MSRs are recorded at fair value and changes in fair value in current period earnings as a component of mortgage servicing and other income. The Company may enter into derivatives to economically hedge changes in fair value of MSRs. The Company has no other loss exposure on MSRs in excess of the recorded fair value.

The Company continues to operate the mortgage servicing business and to report the changes in the fair value of MSRs in continuing operations. To evaluate and measure fair value, the underlying loans are stratified based on certain risk characteristics, including loan type, note rate and investor servicing requirements.

The following table sets forth the changes in the fair value of mortgage servicing rights during the three months ended March 31, 2010 and March 31, 2009:


Mortgage Servicing Rights:	2010			2009
Balance, beginning of period	$	239,651		$	150,544
Acquired in acquisitions ⁽¹⁾		—			109,538
Originations		3,542			2,342
Sales		—			—
Change in fair value, net		(12,765	)		(3,761	)

Balance at March 31	$	230,428		$	258,663

Ratio of mortgage servicing rights to related loans serviced for others		0.86	%		0.79	%
Weighted average service fee		0.28			0.29

(1)	Related to the Chevy Chase Bank acquisition completed on February 27, 2009.

Fair value adjustments to the MSRs for the three months ended March 31, 2010 and 2009 included decreases of $10.3 million and $6.4 million, respectively, due to run-off, and a decrease of $2.4 million and increase of $2.7 million, respectively, due to changes in the valuation inputs and assumptions.

The significant assumptions used in estimating the fair value of the MSRs at March 31, 2010 and 2009 were as follows:


	March 31, 2010		March 31, 2009

Weighted average prepayment rate (includes default rate)	15.92	%	22.70	%
Weighted average life (in years)	5.57		3.8
Discount rate	11.64	%	11.55	%

The decrease in the weighted average prepayment rate, and corresponding increase in the weighted average life, were both driven by an estimated reduction in voluntary attrition due to market conditions.

At March 31, 2010, the sensitivities to immediate 10% and 20% increases in the weighted average prepayment rates would decrease the fair value of mortgage servicing rights by $10.2 million and $19.6 million, respectively.

At March 31, 2010, the sensitivities to immediate 10% and 20% adverse changes in servicing costs would decrease the fair value of mortgage servicing rights by $11.1 million and $22.2 million, respectively.

As of March 31, 2010, the Company's mortgage loan servicing portfolio consisted of mortgage loans with an aggregate unpaid principal balance of $38.9 billion, of which $26.8 billion was serviced for investors other than the Company. As of March 31, 2009, the Company's mortgage loan servicing portfolio consisted of mortgage loans with an aggregate unpaid principal balance of $47.0 billion, of which $32.5 billion was serviced for investors other than the Company.

During the three months ended March 31, 2010, the insurer of certain securitizations exercised its rights to remove the Company as servicer of the loans with an aggregate unpaid balance of $3.1 billion. The fair value of mortgage servicing rights as of December 31, 2009 reflected the possibility of the loss in servicing through a $26.4 million write down, reflected in the beginning of period balance shown in the table above.

Derivative Instruments and Hedging Activities

3 Months Ended

Mar. 31, 2010

Statement [Line Items]

Derivative Instruments and Hedging Activities

NOTE 12—DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

The Company manages market risk within limits governed by its risk management policies as established by the Asset and Liability Management Committee ("ALCO") and approved by the Board of Directors. The Company utilizes derivatives to manage and position its earnings and economic value of equity sensitivity within the approved limits. These derivatives are used to primarily manage risk related to changes in interest rates and to a lesser extent, foreign exchange rates. The Company uses a wide range of derivative instruments, including from time to time, interest rate swaps, interest rate caps, floors, options, futures and forward contracts to manage interest rate risk.

The Company recognizes all of its derivative instruments as either assets or liabilities in the balance sheet at fair value. These instruments are recorded in other assets or other liabilities on the Consolidated Balance Sheet and in the operating section of the Statement of Cash Flows as increases or decreases of other assets and other liabilities. The Company's policy is not to offset fair value amounts recognized for derivative instruments and fair value amounts recognized for the right to reclaim cash collateral or the obligation to return cash collateral arising from derivative instruments recognized at fair value executed with the same counterparty under master netting arrangements. As of March 31, 2010 and 2009, the Company had recorded $35.9 million and $557.2 million, respectively, for the right to retain cash collateral and $480.2 million and $489.7 million, respectively, for the obligation to return cash collateral under master netting arrangements. The accounting for chang es in the fair value (i.e., gains and losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and, further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments the Company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, a cash flow hedge or a hedge of a net investment in a foreign operation.

The Company is exposed to credit risk on its derivative positions, which it manages by establishing and monitoring limits as to the degree of risk that may be undertaken. The amount of credit risk is equal to the fair value gain on a derivative, because we may be unable to recover the related receivable if the counterparty fails to perform. When the fair value of a derivative contract is positive, this generally indicates that the counterparty owes the Company, and, therefore, creates a repayment risk for the Company. When the fair value of a derivative contract is negative, this generally indicates that the Company owes the counterparty, and therefore, has no repayment risk. The Company attempts to limit the credit (or repayment) risk in derivative instruments by entering into transactions with high-quality counterparties that are reviewed periodically. The Company also maintains a policy of requiring that all derivative contracts be governed by an International Swaps and Derivatives Association Master Agreement; depending on the nature of the derivative transaction, bilateral collateral agreements are generally required as well.

The Company predominantly uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps generally involve the exchange of fixed and variable rate interest payments between two parties, based on a common notional principal amount and maturity date with no exchange of underlying principal amounts. Many of the interest rate swaps used qualify as either fair value or cash flow hedges, each of which is discussed in more detail in the remainder of this Note. The Company's foreign currency denominated assets and liabilities expose it to foreign currency exchange risk. The Company enters into various foreign exchange derivative contracts for managing foreign currency exchange risk. Changes in the fair value of the derivative instrument effectively offset the related foreign exchange gains or losses on the items to which they are designated. Upon the adoption of ASU 2009-17 (ASC 810/SFAS 167) on January 1, 2010 and the resulting consolidation of certain se curitization trusts, the Company became exposed to additional foreign currency exchange risk related to foreign denominated securities issued by the securitization trusts. That risk is economically hedged by associated foreign exchange derivative contracts previously entered into by the securitization trusts. While those derivatives are not designated as accounting hedges, the change in fair value of the derivatives is expected to largely offset the related foreign exchange gains or losses on the securities.

The Company has non-trading and trading derivatives that do not qualify as accounting hedges. These derivatives are in many cases associated with assets, liabilities, and securitization transactions or may be used outright to manage our interest rate risk exposures. These derivatives are carried at fair value and changes in value are included in current earnings.

The Company also enters into customer oriented derivative instruments. These transactions are provided as a service to our customers and the interest rate risk is typically offset with derivative trades to third party counterparties.

The following table provides the notional amount and fair values of the Company's derivative instruments, by category, as of March 31, 2010 and December 31, 2009:

As of March 31, 2010

Asset Derivatives

Liability Derivatives

Notional
Amount

Balance Sheet
Location

Positive Fair
Value

Balance Sheet
Location

Negative Fair
Value

Derivatives designated as hedging instruments

Cash flow interest rate contracts

9,613,509

Other assets

30,108

Other liabilities

(103,913

)

Cash flow foreign exchange contracts

1,438,113

Other assets

25,013

Other liabilities

(30,475

)

Fair value interest rate contracts

17,281,009

Other assets

489,607

Other liabilities

(6,570

)

Net investment foreign exchange contracts

50,094

Other assets

3,402

Other liabilities

—

Subtotal

28,382,725

548,130

(140,958

)

As of March 31, 2010

Asset Derivatives

Liability Derivatives

Notional
Amount

Balance Sheet
Location

Positive Fair
Value

Balance Sheet
Location

Negative Fair
Value

Derivatives not designated as hedging instruments

Trading interest rate contracts

10,194,251

Other assets

212,402

Other liabilities

(190,536

)

Non-Trading interest rate contracts

11,073,226

Other assets

80,201

Other liabilities

(44,836

)

Non-Trading MSR interest rate contracts

875,000

Other assets

1,352

Other liabilities

(21,911

)

Non-Trading other contracts

988,998

Other assets

1,032

Other liabilities

(3,720

)

Non-Trading cross currency contracts

1,227,553

Other assets

238,792

Other liabilities

(69,648

)

Subtotal

24,359,028

533,779

(330,651

)

Total derivatives

52,741,753

1,081,909

(471,609

)


	As of December 31, 2009
		Asset Derivatives			Liability Derivatives
	Notional Amount	Balance Sheet Location	Positive Fair Value		Balance Sheet Location	Negative Fair Value
Derivatives designated as hedging instruments
Cash flow interest rate contracts	5,095,786	Other assets	$	402	Other liabilities	$	(90,726	)
Cash flow foreign exchange contracts	1,576,363	Other assets		15,006	Other liabilities		(12,216	)
Fair value interest rate contracts	17,288,776	Other assets		359,075	Other liabilities		(27,279	)
Net investment foreign exchange contracts	53,321	Other assets		79	Other liabilities		—

Subtotal	24,014,246		$	374,562		$	(130,221	)


Derivatives not designated as hedging instruments
Trading interest rate contracts	9,967,475	Other assets	$	193,382	Other liabilities	$	(173,279	)
Non-Trading interest rate contracts	23,337,974	Other assets		493,492	Other liabilities		(77,336	)
Non-Trading MSR interest rate contracts	935,000	Other assets		4,215	Other liabilities		(19,589	)
Non-Trading other contracts	981,375	Other assets		3,622	Other liabilities		(6,707	)

Subtotal	35,221,824		$	694,711		$	(276,911	)

Total derivatives	59,236,070		$	1,069,273		$	(407,132	)

(1)

The above table does not reflect $13.3 million and $3.5 million recognized as a net credit valuation adjustment on derivative assets and liabilities for non-performance risk as of March 31, 2010 and December 31, 2009, respectively. Non-performance risk is reflected in other assets or other liabilities on the balance sheet and in other non-interest income on the income statement. For additional information, see the Non-Performance Risk section of this footnote.

Fair Value Hedges

The Company uses fair value hedges to hedge the exposure to changes in the fair value of certain financial assets and liabilities, which appreciate or depreciate in value primarily as a result of interest rate fluctuations. When an item is designated as the hedged item in a fair value hedge, the related interest rate appreciation or depreciation is recognized in current earnings; however, the income or loss generated will generally be offset by the change in fair value of the derivative instrument, which is also recognized in current earnings.

The Company has entered into interest rate swap agreements, designated as fair value hedges, that modify the Company's exposure to interest rate risk by effectively converting a portion of the Company's senior notes, subordinated notes, brokered CD liabilities and U.S. Agency investments from fixed rates to variable rates with maturities ranging from 2010 to 2019. The agreements effectively convert fixed rate instruments to variable rate instruments.

Cash Flow Hedges

The Company uses cash flow hedges to hedge the exposure to variability in the cash flows of a forecasted transaction. Changes in fair value of derivatives designated as cash flow hedges are recognized in other comprehensive income, a separate component of stockholders' equity. The Company has entered into interest rate swap agreements, designated as cash flow hedges, which effectively modify the Company's exposure to interest rate risk by converting floating rate debt to a fixed rate debt with maturities ranging from 2011 to 2017. The agreements involve the receipt of floating rate amounts in exchange for fixed rate interest payments over the life of the agreements.

The Company has also entered into interest rate swap agreements, designated as cash flow hedges, which effectively modify the Company's exposure to interest rate risk by converting floating rate assets to fixed rate assets, with maturities in 2013. The agreements involve the receipt of fixed rate amounts in exchange for floating rate interest payments over the life of the agreements.

The Company has entered into forward exchange contracts to reduce the Company's sensitivity to foreign currency exchange rate changes on its foreign currency denominated loans. The forward rate agreements allow the Company to "lock-in" functional currency equivalent cash flows associated with the foreign currency denominated loans.

At March 31, 2010, the Company expects to reclassify $43.7 million of net losses, after tax, on cash flow foreign exchange and interest rate contracts from accumulated other comprehensive income to earnings during the next 12 months as amounts related to terminated swaps are amortized and as interest payments and receipts on derivative instruments occur. This amount could change in future periods if the Company decides to terminate additional swaps in the context of managing its overall market risk profile.

Hedge of Net Investment in Foreign Operations

The Company uses forward exchange contracts to protect the value of its investment in its foreign subsidiaries. Realized and unrealized foreign currency gains and losses from these hedges are not included in the income statement, but are shown in the translation adjustments in other comprehensive income. The purpose of these hedges is to protect against adverse movements in exchange rates.

Trading Interest Rate Contracts

The Company enters into customer-oriented derivative financial instruments, including interest rate swaps, options, caps, floors, and foreign exchange contracts. These customer-oriented positions may be matched with offsetting positions to minimize risk to the Company.

These derivatives do not qualify as accounting hedges and are recorded on the balance sheet at fair value with changes in value included in current earnings in non-interest income.

Non-Trading Interest Rate Contracts

The Company uses interest rate swaps to manage interest rate sensitivity related to the Company's non-mortgage securitization programs. The Company previously entered into interest rate swaps with one of its securitization trusts and essentially offset the derivatives with separate interest rate swaps with third parties. Upon consolidation of the trusts on January 1, 2010, the interest rate swap agreements between the Company and the trust are considered intercompany agreements, with a notional value of approximately 6.5 billion as of December 31, 2009, and any related receivables and payables are eliminated in consolidation. On December 31, 2009, the interest rate swaps with third parties, with a notional value of approximately 6.5 billion as of December 31, 2009, were terminated and the net position was replaced with similar agreements at current fixed interest rates. Effective January 1, 2010 the replacement interest rate swaps were designated as cash flow hedges converting floatin g rate debt of the trust to fixed rate debt.

The Company uses interest rate cap agreements and reciprocal basis swap agreements in conjunction with the securitization of certain payment option mortgage loans. The interest rate cap agreements limit the Company's exposure to interest rate risk by providing for payments to be made to the Company by third parties when the one-month LIBOR rate exceeds the applicable strike rate. These agreements have individual predetermined notional schedules and stated expiration dates, and relate to both currently outstanding and previously called securitization transactions. The reciprocal basis swap agreements are held with external counterparties and are structured to mirror the basis swap agreements within securitization programs. The basis swaps in the securitization structures account for timing and day count differences between the mortgage and bond interest, in addition to uncapping the notes of the senior bondholders in the trust. While payments on the basis swaps and the reciprocal basis swaps may be similar in amounts, the Company is not a party to any of the derivative contracts between the derivative counterparties and the securitization trusts.

The Company uses interest rate swaps in conjunction with its auto securitizations. As of March 31, 2010 the Company had 1.2 billion notional value with a fair value of $45.6 million. As of December 31, 2009 the Company had 1.4 billion notional value with a fair value of $51.9 million.

The Company enters into commitments to originate loans whereby the interest rate of the loan is determined prior to funding ("interest rate lock commitment"). Interest rate lock commitments on mortgage loans that the Company intends to sell in the secondary market as well as corresponding commitments to sell if any are considered freestanding derivatives. These derivatives are carried at fair value with changes in fair value reported as a component of other non-interest income. Interest rate lock commitments are initially valued at zero. Changes in fair value subsequent to inception are determined based on current secondary market prices for underlying loans with similar coupons, maturity and credit quality, subject to the anticipated probability that the loans will fund within the terms of the commitment. The initial value inherent in the loan commitments at origination is recognized through gain on sale of loans when the underlying loan is sold. The interest rate lock commitments al ong with the related commitments to sell, if any are recorded at fair value with changes in fair value recorded in current earnings as a component of gain on sale of loans. As of March 31, 2010 and December 31, 2009, the Company had $199.7 million and $215.1 million in loan commitments, respectively.

These derivatives do not qualify as accounting hedges and are recorded on the balance sheet at fair value with changes in value included in current earnings in non-interest income.

Non-Trading Other Contracts

The Company uses interest rate swaps, To Be Announced ("TBA") forward contracts and futures contracts in conjunction with hedging the economic risk associated with its mortgage servicing rights portfolio. These derivatives are designed to offset changes in the fair value of mortgage servicing rights attributable to interest rate fluctuations. Changes in the fair value of mortgage servicing rights and changes in the fair value of related derivatives are both recognized in mortgage servicing and other income.

The Company uses TBA forward contracts and whole loan commitments in conjunction with its interest rate locks and held-for-sale fixed rate mortgages (collectively "mortgage commitments"). These derivatives are designed to provide a known future price for these mortgage commitments.

Non-Trading Cross Currency Contracts

The Company enters into cross currency contracts to economically hedge the foreign exchange risk of foreign currency denominated securities issued by the securitization trusts. Upon adoption of the consolidation provisions of ASU 2009-16 and ASU 2009-17 on January 1, 2010 and the resulting consolidation of certain securitization trusts, the Company became exposed to additional foreign currency exchange risk related to foreign denominated securities issued by the trusts. That risk is economically hedged by associated foreign exchange derivative contracts previously entered into by the trust. While those derivatives will not be designated as accounting hedges, the change in fair value of the derivatives is expected to predominantly offset the related foreign exchange gains or losses on the securities.

The following table shows the effect of the Company's derivative instruments, by category, on the income statement for the three months ended March 31, 2010 and 2009:

Derivatives in Fair Value Hedging Relationships


	Location of Gain/(Loss) in Income on Derivative	Gain/(Loss) in Income on Derivative			Hedged Items in Fair Value Hedge Relationship	Location of Gain/(Loss) Recognized in Income on Related Hedged Item	Gain/(Loss) Recognized in Income on Related Hedged Items			Net Gain/(Loss)
For Three Months Ended March 31, 2010
Interest rate contracts	Other non-interest income	$	197		Available for sale securities	Other non-interest income	$	(197	)	$	—
Interest rate contracts	Other non-interest income		151,179		Fixed-rate debt	Other non-interest income	$	(133,786	)	$	17,393

		$	151,376				$	(133,983	)	$	17,393

For Three Months Ended March 31, 2009
Interest rate contracts	Other non-interest income		(47,781	)	Fixed-rate debt	Other non-interest income	$	47,780		$	(1	)

Cash Flow Hedging Relationships


	Gain/(Loss) Recognized in OCI (Effective Portion)			Location of Gain/(Loss) Reclassified from OCI into Income	Gain/(Loss) Reclassified from OCI into Income			Location of Gain/(Loss) Recognized in Income (Ineffectiveness)	Gain/(Loss) Recognized Due to Ineffectiveness
For Three Months Ended March 31, 2010
Interest rate contracts	$	37,318		Interest income (expense)	$	(22,726	)	Other non- interest income	$	685
Foreign exchange contracts		(2,512	)	Other non-interest income		2,328		N/A		—

	$	34,806			$	(20,398	)		$	685

For Three Months Ended March 31, 2009
Interest rate contracts	$	63,724		Interest income (expense)	$	(35,475	)	Other non- interest income	$	—
Foreign exchange contracts		16,153		Other non-interest income		(10,348	)	N/A		—

	$	79,877			$	(45,823	)		$	—

Net Investment Hedging Relationships

Gain/(Loss)
Recognized in
OCI

Location of
Gain/(Loss)
Reclassified from
OCI into Income
(Effective Portion)

Gain/(Loss)
Reclassified from OCI
into Income (Effective
Portion)

Location of
Gain/(Loss)
Recognized in Income
(Ineffective Portion
and Amount Excluded
from Effectiveness
Testing)

Gain/(Loss) Recognized
in Income (Ineffective
Portion and Amount
Excluded from
Effectiveness Testing)

For Three Months Ended March 31, 2010

Foreign exchange contracts

2,122

N/A

—

N/A

—

For Three Months Ended March 31, 2009

Foreign exchange contracts

550

N/A

—

N/A

—

Derivatives Not Designated as Hedging Instruments


For Three Months Ended March 31, 2010	Location of Gain (Loss) in Income	Gain (Loss) in Income
Trading interest rate contracts	Other non-interest income	$	1,371
Non-Trading interest rate contracts	Other non-interest income		7,058
Non-Trading MSR interest rate contracts	Mortgage servicing and other		(5,611	)
Non-Trading other contracts	Mortgage servicing and other		11,439
Non-Trading other contracts	Other non-interest income		(2,812	)
Non-Trading cross currency contracts	Other non-interest income		8,499

Subtotal		$	19,944

Derivatives Not Designated as Hedging Instruments


For Three Months Ended March 31, 2009	Location of Gain (Loss) in Income	Gain (Loss) in Income
Trading interest rate contracts	Other non-interest income	$	2,453
Non-Trading interest rate contracts	Other non-interest income		(64,209	)
Non-Trading other contracts	Other non-interest income		2,234

Subtotal		$	(59,522	)

Credit Default Swaps

The Company has credit exposure resulting from swap agreements related to loss mitigation for certain manufactured housing securitizations issued by GreenPoint Credit LLC in 2000. The maximum credit exposure from these swap agreements is $31.0 million and $32.7 million of March 31, 2010 and December 31, 2009, respectively. The fair value of the Company's obligations under the swap agreements was $21.0 million and $18.3 million, at March 31, 2010 and December 31, 2009, respectively, and is recorded as other liabilities. See "Note 13- Securitizations" for additional information about manufactured housing securitization transactions.

Credit Risk Related Contingency Features

Certain of the Company's derivative instruments contain provisions that require the Company's debt to maintain an investment grade credit rating from each of the major credit rating agencies. If the Company's debt were to fall below investment grade, it would be in violation of those provisions, and the counterparties of the derivative instruments could request immediate payment or demand immediate and ongoing full overnight collateralization on derivative instruments in net liability positions. The aggregate fair value of all derivative instruments with credit-risk-related contingent features that are in a liability position is $471.6 million and $407.1 million for which the Company has posted collateral of $55.0 million and $94.8 million, which consists of a combination of securities and cash, as of March 31, 2010 and December 31, 2009, respectively. If the credit-risk-related features underlying these agreements had been triggered due to the Company's credit rating falling one leve l below the current rating, the Company would be required to post additional collateral of $17.8 million and $28.1 million to its counterparties as of March 31, 2010 and December 31, 2009, respectively.

Non-Performance Risk

Non-performance risk refers to the risk that an obligation will not be fulfilled. It affects the calculation of the estimated fair value of derivative liabilities and includes the Company's own credit risk. The Company calculates nonperformance risk by comparing its own Credit Default Swap spreads to the discount benchmark curve and applying the difference to the netted uncollateralized obligation. During the quarter ended March 31, 2010 the Company recorded a credit valuation allowance of $2.6 million to reduce the fair value of derivative liabilities with a corresponding increase to other non-interest income to reflect nonperformance risk. The Company also includes counterparty credit risk in the calculation of the estimated fair value of derivative assets by comparing counterparty credit default swap spreads to the discount benchmark curve and applying the difference to the netted uncollateralized exposure. During the quarters ended March 31, 2010 and March 31, 2009, the Company re corded a credit valuation allowance of $15.9 million and $45 million respectively, to reduce the fair value of derivative assets with a corresponding reduction to other non-interest income.

Securitizations	3 Months Ended
Securitizations	Mar. 31, 2010
Statement [Line Items]
Securitizations	div div p style="margin-top: 0px; margin-bottom: 0px; font-size: 18px;" /p p style="border-bottom: #000000 1pt solid; line-height: 1px; margin-top: 0px; margin-bottom: 2px;"nbsp;/p p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"ba name="toc31986_20" /aNOTE 13#8212;SECURITIZATIONS /b/font/p p style="border-bottom: #000000 1pt solid; line-height: 1px; margin-top: 0px; margin-bottom: 2px;"nbsp;/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Securitization transactions have been utilized by the Company for liquidity and funding purposes. The Company receives the proceeds from third party investors for debt securities issued from securitization trusts which are collateralized by transferred receivables from the Company's portfolio. The Company removes loans from its consolidated balance sheet when securitizations qualify as sales to nonconsolidated VIEs. Alternatively, when the transfer does not qualify as a sale but instead is considered a secured borrowing, or when the sale is to a consolidated VIE, the assets will remain on the Company's consolidated financial statements with an offsetting liability recognized for the amount of proceeds received. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"For periods prior to January 1, 2010, the Company used QSPEs to conduct the majority of its securitization transactions. Those transactions previously qualified as sales to non-consolidated trusts, resulting in off-balance sheet treatment of all of the assets and liabilities of the trusts, including the securitized loans and the securities issued to third parties Effective January 1, 2010, the Company adopted the new consolidation guidance which removed the concept of a QSPE resulting in the consolidation of the Company's credit card trusts, one installment loan trust, and certain mortgage trusts. The Company was considered to be the primary beneficiary of the impacted trusts due to the combination of power over the activities that most significantly impact the economic performance of the trusts through the right to service the securitized loans and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the trusts through its retained interests. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Prior to consolidation of the applicable QSPEs, the consolidated balance sheet included retained interests in the securitized loans in the form of interest-only strips, retained tranches, cash collateral accounts, cash reserve accounts and unpaid interest and fees on the investors' portion of the transferred principal receivables. The Company also included on its consolidated balance sheet a retained transferor's interest in credit card loan receivables transferred to the trusts, carried on a historical cost basis and reported as loans held for investment on the consolidated balance sheet. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"As a result of consolidation of its credit card trusts and applicable installment loan and mortgage trusts, the Company recorded a $47.6 billion increase in loan receivables, a $4.3 billion increase in allowance for loan and lease losses related to the newly consolidated loans, a $44.3 billion increase to securitized debt obligations, a $2.0 billion increase to other net assets and a $2.9 billion reduction in stockholders' equity. As part of the impact of consolidation, any retained interests in previously off-balance sheet securitizations were either eliminated or reclassified, generally to loans held for investment, accrued interest receivable or restricted cash. See "Note 1 ndash; Significant Accounting Policies" for more detail on the impacts of consolidation on the Company's financial statements. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following table presents the carrying amount of assets and liabilities of those securitization related VIEs for which the Company is the primary beneficiary and the carrying amount of assets and liabilities and maximum exposure to loss of those securitization related VIEs of which the Company is not the primary beneficiary, but holds a variable interest. Please see "Note 15- Other Variable Interest Entities" for remaining VIEs. /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" tr td width="57%" /td td valign="bottom" width="2%" /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td valign="bottom" width="2%" /td td /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bConsolidated/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="8" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bUnconsolidated/b/font/td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bCarryingbr /Amountnbsp;ofbr /Assets/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bCarryingbr /Amountnbsp;ofbr /Liabilities/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bCarryingbr /Amountnbsp; ofbr /Assetssup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(1)/sup/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bCarryingbr /Amountnbsp; ofbr /Liabilitiessup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(2)/sup/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bMaximumbr /Exposurenbsp; tobr /Losssup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(3)/sup/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"bVariable interest entities, Marchnbsp;31, 2010/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Credit card securitizations/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b50,974,325/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b44,009,721/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Auto securitizations/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b4,156,007/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b3,281,157/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Installment loan securitizations/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b189,162/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b66,852/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b42,551/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b42,551/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Mortgage securitizations/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b213,562/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b40,596/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b342,339/b/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total variable interest entities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b55,319,494/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b47,357,730/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b256,113/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b40,596/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b384,890/b/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td/tr/table p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(1)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"The carrying amount of assets is comprised of retained interests reported as accounts receivable from securitizations and letters of credit related to manufactured housing securitizations, separately disclosed in the Accounts Receivable from Securitizations and Other Mortgage Securitizations sections of this Note, respectively. Please see "Note 11 ndash; Mortgage Servicing Rights" for carrying value of mortgage servicing rights related to unconsolidated VIEs. /font/td/tr/table table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(2)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"The carrying amount of liabilities is comprised of obligations to fund negative amortization bonds associated with the securitization of option arm mortgage loans and obligations on certain swap agreements associated with the securitization of manufacturing housing loans. /font/td/tr/table table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(3)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"The maximum exposure to loss represents the amount of loss the Company would incur in the unlikely event that all of the Company's assets in the VIEs became worthless and the Company was required to meet its maximum remaining funding obligations. /font/td/tr/table p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"biAccounts Receivable from Securitizations /i/b/font/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Retained interests in off-balance sheet securitizations are reported as accounts receivable from securitizations on the consolidated balance sheet and are comprised of interest-only strips, retained tranches, cash collateral accounts, cash reserve accounts and unpaid interest and fees on the investors' portion of the transferred principal receivables. /font/p p style="margin-top: 0px; margin-bottom: 0px;"font class="_mt" size="1" /fontnbsp;/p p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"As a result of consolidation of certain trusts, the related interest-only strip and retained tranches were eliminated and the remaining retained interests were reclassified to either loans held for investment, accrued interest receivable or restricted cash for these trusts. The following table provides details of accounts receivable from securitizations as of March 31, 2010 and December 31, 2009: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="84%" align="center" tr td width="62%" /td td valign="bottom" width="7%" /td td /td td /td td /td td valign="bottom" width="7%" /td td /td td /td td /td td valign="bottom" width="7%" /td td /td td /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAs of Marchnbsp;31,2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bInstallmentnbsp;Loans/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bMortgagesup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"nbsp;(3)/sup/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bTotal/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Interest-only strip classified as trading/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b13,659/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b88,283/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b101,942/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Retained interests classified as trading:/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Retained notes/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Cash collateral/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b18,592/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b8,678/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b27,270/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Investor accrued interest receivable/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total retained interests classified as trading/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b18,592/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b8,678/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b27,270/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Retained notes classified as available for sale/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b10,782/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b55,526/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b66,308/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other retained interests/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b11,305/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b11,305/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total retained residual interests/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b43,033/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b163,792/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b206,825/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Payments due to investors for interest on the notes/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(482/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(383/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(865/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total Accounts Receivable from Securitizations/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b42,551/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b163,409/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b205,960/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="84%" align="center" tr td width="63%" /td td valign="bottom" width="5%" /td td /td td /td td /td td valign="bottom" width="5%" /td td /td td /td td /td td valign="bottom" width="5%" /td td /td td /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAs of Decembernbsp;31,2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bNonnbsp;Mortgagesup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"nbsp;(2)/sup/b /font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bMortgagenbsp;sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(3)/sup/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bTotal/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Interest-only strip classified as trading/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"22,038/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"222,568/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"244,606/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Retained interests classified as trading:/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Retained notes/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"572,474/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"572,474/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Cash collateral/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"138,336/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,993/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"141,329/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Investor accrued interest receivable/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"898,267/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"898,267/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total retained interests classified as trading/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,609,077/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,993/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,612,070/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Retained notes classified as available for sale/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,087,864/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,087,864/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other retained interests/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"12,124/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"12,124/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total retained residual interests/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,718,979/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"237,685/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,956,664/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Payments due to investors for interest on the notes/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(61,339/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(411/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(61,750/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Collections on deposit for off-balance sheet securitizations /fontfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(1) /sup/fontfont style="font-family: Times New Roman;" class="_mt" size="2" /font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,233,570/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,223,570/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total Accounts Receivable from Securitizations/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6,891,210/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"237,274/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"7,128,484/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr/table p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(1)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Collections on deposit for off-balance sheet securitizations include $2.2 billion of principal collections accumulated for expected maturities of securitization transactions as of Decembernbsp;31, 2009. There were no collections on deposit for off-balance sheet securitizations as of Marchnbsp;31, 2010. Collections on deposit for secured borrowings are included in restricted cash on the consolidated balance sheet as of Januarynbsp;1, 2010 and thereafter. /font/td/tr/table table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(2)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"As of Decembernbsp;31, 2009, non mortgage related accounts receivable from securitizations includes credit card, installment loan and auto trusts. Effective Januarynbsp;1, 2010, the Company only has one installment loan trust that the Company has not consolidated and continues to treat as an off-balance sheet arrangement. /font/td/tr/table table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(3)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"The mortgage securitization transactions relate to the Chevy Chase Bank acquisition which occurred on Februarynbsp;27, 2009. /font/td/tr/table p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"biCredit Card Securitizations /i/b/font/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Securitization of credit card receivables has been utilized by the Company for liquidity and funding purposes. The Company transfers receivables to a trust. The trust issues undivided interests in the pool of receivables to external investors as debt securities. The Company receives the proceeds from the issuance of the debt securities as consideration for the receivables transferred. Securities held by external investors totaling $34.7 billion and $42.5 billion as of March 31, 2010 and December 31, 2009, respectively, represents undivided interests in the pools of loan receivables. At March 31, 2010 and December 31, 2009 there were $54.1 billion and $56.5 billion, respectively, of credit card receivables in the trusts which includes both transferor and investor interest backing the securities. The Company continues to service the receivables in the trusts and it retains certain other interests in the trusts, including retained notes, which are eliminated upon consolidation and cash c ollateral accounts and cash reserve accounts, which are presented as restricted cash. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Collections of interest and fees received on securitized receivables are passed to the trust and used to pay interest to investors, servicing and other fees, and are available to absorb the investors' share of credit losses. Amounts collected in excess of the amount needed to pay the above expenses of the trust are available, in general, to the Company. However, under certain conditions, a portion of the cash collected is required to be maintained in restricted accounts (spread accounts) to ensure future payments to investors. For the credit card trusts, the amount of cash held in spread accounts increased from $273.0 million as of March 31, 2009 to $359.4 million as of March 31, 2010. Collections of principal are generally reinvested in the purchase of new principal loan receivables ("revolving securitization"). Also, principal collections are remitted to the trust to pay down the debt securities when the securitization transaction is scheduled to mature. Types of credit enhancements include subordinated notes and spread account and reserve account balances. No other assets of the Company are available to pay interest and principal on the securities. Furthermore, the trusts have no recourse to the general credit of the Company. The Company has not provided any financial or other support to the trusts during the periods presented that it was not previously contractually required to provide. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Securitization transactions may amortize earlier than scheduled due to certain early amortization events that are generally triggered due to loan performance. In addition, early amortization could cause the Company to lose the ability to securitize similar receivables in the future at desirable rates. While spread account funding triggers for some trusts have been reached, a performance related early amortization event is not triggered for the majority of the card trusts until the three month average excess spread is less than 0%. Three month average excess spread for the credit card trusts ranged from 5.9% to 9.2% as of March 31, 2010. No early amortization events related to the Company's credit card securitizations have occurred to date. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Upon the adoption of the new accounting consolidation guidance at January 1, 2010, the Company consolidated the trusts used for the securitization of credit card receivables because it is considered to have a controlling financial interest in the trusts and thus, is their primary beneficiary. The trusts previously qualified as QSPEs and as a result were exempt from the consolidation provisions of ASC 860-10. The Company is considered the primary beneficiary of its credit card trusts because it has both the power, through its servicing of the receivables within the trusts, to direct the activities that most significantly impact the trusts' economic performance and the rights to receive benefits from the trusts or the obligation to absorb losses of the trusts that could potentially be significant to the trusts. The rights to receive potentially significant benefits are held within the Company's retained interest-only strip and other retained interests. Also, depending on the performance of the trusts, the obligations to absorb potentially significant losses are held within its retained subordinate tranches and other retained interests. /font/p p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"biInstallment Loan Securitizations /i/b/font/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company is currently involved in two amortizing installment loan securitization programs, one of which was consolidated as of January 1, 2010 upon the adoption of the consolidation provisions of the new accounting consolidation guidance. The Company is considered the primary beneficiary of the consolidated installment loan trust because it has both the power, through its servicing of the loans within the trust, to direct the activities that most significantly impact the trust's economic performance and the rights to receive benefits from the trust or the obligation to absorb losses of the trust that could potentially be significant to the trust. The rights to potentially significant benefits are held within the Company's retained interest-only strip and other retained interests. Also, depending on the performance of the trusts, the obligations to absorb potentially significant losses are held within its retained subordinate tranches and other retained interests. The installment lo ans and related debt securities that remain off-balance sheet were transferred to a multi-seller conduit that holds loans significantly in excess of the loans transferred by the Company and that has issued debt securities significantly in excess of the securities backed by the installment loans transferred by the Company. The Company is not considered to be the primary beneficiary of the non-consolidated installment loan program because it is not considered to have either the power to direct the activities that most significantly impact the overall program's economic performance or the rights to receive benefits from the program or the obligation to absorb losses of the program that could potentially be significant to the program. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Consolidation of the impacted installment loan trust resulted in an increase to loans held for investment of $209.2 million, an increase to the allowance for loan losses of $19.0 million, an increase to other borrowings of $87.8 million, a decrease to other net assets of $104.8 million, and a reduction in stockholders' equity of $2.4 million. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The installment loan securitization program that remains off-balance has outstanding loans of $150.8 million and outstanding securities to external investors of $127.4 million at March 31, 2010. The program breached an amortization trigger within the first quarter of 2009, due to the performance of the loans within the program. The impact of breaching the amortization trigger resulted in the program moving from a pro rata amortization to a sequential amortization, which means that the Company is no longer receiving pro rata cash allocations on the retained subordinated tranches that it holds. The Company has no requirements to provide the program with additional funding or to transfer additional receivables. As of March 31, 2010, the balance of the cash reserve account was $20.6 million and the Company holds a retained subordinated note with a face amount of $12.0 million. The cash reserve account is carried at a fair value of $18.6 million as of March 31, 2010 with total fair value a djustments of $2.0 million recorded in earnings. The retained subordinated note is carried at a fair value of $10.8 million as of March 31, 2010 with total fair value adjustments of $1.2 million recorded in other comprehensive income. The aggregate fair value of the cash reserve account and the retained subordinated note represents our maximum exposure to loss. The change in amortization will not significantly impact the Company. The expected amortization period of this installment loan securitization did not change as a result of hitting the early amortization trigger. /font/p p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"biAccounting for Off-Balance Sheet Non Mortgage Securitizations /i/b/font/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Upon adoption of the new consolidation guidance, the Company consolidated all of its credit card securitization trusts and all but one installment loan program. The following discusses the accounting that is applicable to credit card and installment loan securitization transactions that qualified as off-balance sheet securitizations prior to January 1, 2010. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Prior to January 1, 2010, the Company accounted for the securitization of all credit card and installment loan receivables as off-balance sheet securitizations. Off-balance sheet securitizations involved the transfer of pools of loan receivables to one or more non-consolidated third-party trusts or QSPEs in transactions that qualified as sales. In order to maintain QSPE status, the trusts could engage only in limited business activities. Each new off-balance sheet securitization resulted in the removal of principal loan receivables equal to the sold undivided interests in the pool of loan receivables ("off-balance sheet loans"), the recognition of certain retained residual interests and a gain on the sale. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company's retained interests in the off-balance sheet securitizations were recorded in accounts receivable from securitizations and were comprised of interest-only strips, retained tranches, cash collateral accounts, cash reserve accounts and unpaid interest and fees on the investors' portion of the transferred principal receivables. Because the Company's retained residual interests are generally restricted or subordinated to investors' interests, their value was subject to substantial credit, repayment and interest rate risks. As such, the interest-only strip and retained subordinated interests were classified as trading assets, and changes in the estimated fair value were recorded in servicing and securitization income. Additionally, the Company retained other tranches in certain of the securitization transactions which are considered to be higher investment grade securities and subject to lower risk of loss. Those retained tranches were classified as available for sale securiti es, and changes in the estimated fair value were recorded in other comprehensive income. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"During the three months ended March 31, 2010, and 2009, the Company recorded a $4.8 million gain and a $128.0 million loss in earnings from changes in the fair value of retained interests, made up of the following items. The change is due to the elimination or reclassification of retained interests at January 1, 2010 upon the adoption of the new consolidation guidance. /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="76%" align="center" tr td width="60%" /td td valign="bottom" width="14%" /td td /td td /td td valign="bottom" width="14%" /td td /td td /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bThreenbsp;Monthsnbsp;Endedbr /Marchnbsp;31, 2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bThreenbsp;Monthsnbsp;Endedbr /Marchnbsp;31, 2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Interest only strip valuation changes/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b4,329/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(118,714/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Fair value adjustments related to spread accounts /font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b450/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(4,987/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Fair value adjustments related to investors' accrued interest receivable/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Fair value adjustments related to retained subordinated notes/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(4,323/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total income statement impact/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b4,779/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(128,024/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The changes in the fair value of retained interests are primarily driven by rate assumption changes and volume fluctuations. All of these retained residual interests were subject to loss in the event assumptions used to determine the estimated fair value did not prevail, or if borrowers default on the related securitized receivables and the Company's retained subordinated tranches are used to repay investors. See the table below for key assumptions and sensitivities for retained interest valuations. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The gain on sale recorded from off-balance sheet securitizations was based on the estimated fair value of the assets sold and retained and liabilities incurred, and was recorded at the time of sale, net of transaction costs, in servicing and securitizations income on the Consolidated Statement of Income. The related receivable was the interest-only strip, which was based on the present value of the estimated future cash flows from excess finance charges and past-due fees over the sum of the return paid to security holders, estimated contractual servicing fees and credit losses. The Company periodically reviewed the key assumptions and estimates used in determining the value of the interest-only strip and other retained interests. The Company classified the interest-only strip as a trading asset. The Company recognized all changes in the fair value of the interest-only strip immediately in servicing and securitizations income on the Consolidated Statement of Income. The interest compon ent of cash flows attributable to retained interests in securitizations was recorded in other interest income. /font/p p style="margin-top: 0px; margin-bottom: 0px;"font class="_mt" size="1" /fontnbsp;/p p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bKey Assumptions for Non Mortgage Retained Interest Valuations /b/font/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The key assumptions used in determining the fair value of the interest-only strip and other retained residual interests include the weighted average ranges for net charge-off rates, principal payment rates, lives of receivables and discount rates included in the following table. The net charge-off rates were determined using forecasted net charge-offs expected for the trust calculated consistently with other Company net charge-off forecasts. The principal repayment rate assumptions were determined using actual and forecast trust principal payment rates based on the collateral. The lives of receivables were determined as the number of months necessary to repay the investors given the principal payment rate assumptions. The discount rates were determined using primarily trust specific statistics and forward rate curves, and were reflective of what market participants would use in a similar valuation. Additionally accrued interest receivable, cash reserve and spread accounts were discoun ted over the estimated life of the assets. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"As of March 31, 2010, the assumptions and sensitivities shown below relate to only one installment loan program that remained off-balance sheet, whereas as of December 31, 2009 the assumptions and sensitivities shown below also included all credit card and installment loan securitizations. /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="76%" align="center" tr td width="73%" /td td valign="bottom" width="9%" /td td /td td /td td valign="bottom" width="9%" /td td /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAs of/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bMarchnbsp;31,br /2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAsnbsp;ofnbsp;December/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"b31, 2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Weighted average life for receivables (months)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b11/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"7nbsp;tonbsp;9/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Principal repayment rate (weighted average rate)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b13/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b%nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"13%nbsp;tonbsp;16/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Charge-off rate (weighted average rate)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b8/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b%nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"9%nbsp;tonbsp;10/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Interest-only strip discount rate (weighted average rate)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b11/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b%nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"12%nbsp;tonbsp;15/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Retained Interests discount rate (weighted average rate)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b11/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b%nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"8%nbsp;tonbsp;12/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"If these assumptions are not met, or if they change, the interest-only strip, retained interests and related servicing and securitizations income would have been affected. The following adverse changes to the key assumptions and estimates are hypothetical and should be used with caution. As the figures indicate, any change in fair value based on a 10% or 20% variation in assumptions cannot be extrapolated because the relationship of a change in assumption to the change in fair value may not be linear. Also, the effect of a variation in a particular assumption on the fair value of the interest-only strip is calculated independently from any change in another assumption. However, changes in one factor may result in changes in other factors, which might magnify or counteract the sensitivities. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"For the period ending March 31, 2010, the interest-only strip and the retained interests related to one installment loan trust that remains off-balance sheet is reflected; whereas, as of December 31, 2009 the assumptions and sensitivities shown below included all credit card and installment loan securitizations. /font/p p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bKey Assumptions and Sensitivities for Non Mortgage Retained Interest Valuations /b/font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" tr td width="52%" /td td valign="bottom" width="8%" /td td /td td /td td /td td valign="bottom" width="8%" /td td /td td /td td /td td valign="bottom" width="8%" /td td /td td /td td /td td valign="bottom" width="8%" /td td /td td /td td /td/tr tr td valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 52pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bAs of Marchnbsp;31/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bMarchnbsp;31, 2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bDecembernbsp;31, 2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bInterest-onlynbsp;strip/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bRetainednbsp;Interests/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bInterest-onlynbsp;strip/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bRetainednbsp;Interests/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Interest-only strip/ Retained Interests/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b13,659/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b29,374/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"22,038/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,696,942/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Weighted average life for receivables (months)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b11/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b11/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"7/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"7/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Principal repayment rate (weighted average rate)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b13/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b%nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b13/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b%nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"16/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"16/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Impact on fair value of 10% adverse change/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b45/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(36/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"743/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(5,335/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Impact on fair value of 20% adverse change/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b90/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(83/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,516/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(8,316/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Charge-off rate (weighted average rate)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b8/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b%nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b8/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b%nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"10/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"10/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Impact on fair value of 10% adverse change/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(642/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(313/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(9,403/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(5,597/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Impact on fair value of 20% adverse change/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(1,285/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(861/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(10,673/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(11,777/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Discount rate (weighted average rate)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b11/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b%nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b11/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b%nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"12/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"8/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Impact on fair value of 10% adverse change/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(783/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(617/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(1,179/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(11,416/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Impact on fair value of 20% adverse change/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(1,551/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(1,461/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(2,330/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(23,019/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Static pool credit losses were calculated by summing the actual and projected future credit losses and dividing them by the original balance of each pool of assets. Due to the short-term revolving nature of the loan receivables, the weighted average percentage of static pool credit losses was not considered materially different from the assumed charge-off rates used to determine the fair value of the retained interests. /font/p p style="margin-top: 0px; margin-bottom: 0px;"font class="_mt" size="1" /fontnbsp;/p p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company acts as a servicing agent and receives contractual servicing fees of between 0.5% and 4% of the investor principal outstanding, based upon the type of assets serviced. For off-balance sheet securitizations, the Company generally did not record material servicing assets or liabilities for these rights since the contractual servicing fee approximates market rates. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bCash Flows Related to the Off-Balance Sheet Non Mortgage Securitizations /b/font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following provides the details of the cash flow related to credit card and installment loan securitization transactions that qualified as off-balance sheet for the three months ended March 31, 2010 and 2009. /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="76%" align="center" tr td width="75%" /td td valign="bottom" width="5%" /td td /td td /td td valign="bottom" width="5%" /td td /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bThreenbsp;Monthsnbsp;Endednbsp;Marchnbsp;31/b/font/td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bnbsp;nbsp;nbsp;nbsp;2010nbsp;nbsp;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bnbsp;nbsp;nbsp;nbsp;2009nbsp;nbsp;nbsp;nbsp;/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Proceeds from new securitizations/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,114,934/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Collections reinvested in revolving securitizations/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"16,548,955/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Repurchases of accounts from the trust/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"9,025/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Servicing fees received/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b301/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"221,591/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Cash flows received on retained interests /fontfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(1)/sup/fontfont style="font-family: Times New Roman;" class="_mt" size="2" /font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b2,237/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,554,959/font/td/tr/table p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 10%; margin-bottom: 2px;" /p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(1)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Includes all cash receipts of excess spread and other payments (excluding servicing fees) from the program to the Company. Cash flows for the three months ended Marchnbsp;31, 2009 include credit card securitizations that no longer qualify as off -balance sheet. /font/td/tr/table p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"For the three months ended March 31, 2010 and 2009, the Company recognized gross gains of $0 and $9.1 million, respectively, on both the public and private sale of $0 and $3.1 billion of loan principal. These gross gains are included in servicing and securitizations income. In addition, the Company recognized, as a reduction to servicing and securitizations income, upfront securitization transaction costs and recurring credit facility commitment fees of $0 and $5.2 million for the three months ended March 31, 2010 and 2009, respectively. The remainder of servicing and securitizations income represents servicing income and excess interest and non-interest income generated by the transferred receivables, less the related net losses on the transferred receivables and interest expense related to the securitization debt. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"biAuto Loan Securitizations /i/b/font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company engages in auto loan securitizations that have always been accounted for as secured borrowings because the Company did not qualify for sale accounting. Similar to the newly consolidated credit card and installment loan trusts, the transferred loan receivables are recorded as loans held for investment on the consolidated balance sheet, with an adequate allowance for loan and lease losses. The Company receives proceeds for the trust's issuance of debt securities to third parties, and records the securitization debt on the consolidated balance sheet. The investors and the trusts have no recourse to the Company's assets if the loans associated with these secured borrowings are not paid when due. The Company has not provided any financial or other support during the periods presented that it was not previously contractually required to provide. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Principal payments on the borrowings are based on principal collections, net of losses, on the transferred auto loans. The secured borrowings accrue interest predominantly at variable rates and mature between May 2010 and August 2011, but may mature earlier or later, depending upon the repayment of the underlying auto loans. At March 31, 2010 and December 31, 2009, $3.1 billion and $4.0 billion, respectively, of the external secured borrowings were outstanding. At March 31, 2010 and December 31, 2009, the auto loans within the trust totaled $3.2 billion and $4.2 billion, respectively. The difference primarily represents over collateralization of loans. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company is required to remit principal collections to the trust when the securitization transaction is scheduled to mature or earlier if an amortization event has occurred. No early amortization events related to the Company's auto loan securitizations have occurred as of March 31, 2010. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Collections of interest and fees received on securitized receivables are used to pay interest to investors, servicing and other fees, and are available to absorb the investors' share of credit losses. Under certain conditions, some of the cash collected may be retained to ensure future payments to investors. Amounts collected in excess of the amount that is used to pay the above amounts are generally available to the Company. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bSupplemental Loan Information /b/font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Loans included in securitization transactions which qualify as sales to unconsolidated trusts under GAAP have been removed from the Company's "reported" balance sheet, but are included within the "managed" segment financial information, as shown in the table below. /font/p p style="margin-top: 0px; margin-bottom: 0px;"font class="_mt" size="1" /fontnbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" tr td width="56%" /td td valign="bottom" width="3%" /td td /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bMarchnbsp;31, 2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bDecembernbsp;31, 2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bLoansbr /Outstanding/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bLoansbr /Delinquent/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bLoansbr /Outstanding/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bLoansbr /Delinquent/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Managed loans/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b130,265,283/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b5,499,476/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"136,802,902/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6,465,158/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Securitization adjustments/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(150,762/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(3,306/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(46,183,903/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(2,718,894/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Reported loans/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b130,114,521/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b5,496,170/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"90,618,999/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,746,264/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td height="16" /td td height="16" colspan="4" /td td height="16" colspan="4" /td td height="16" colspan="4" /td td height="16" colspan="4" /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAveragenbsp;Loans/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bNetnbsp;Charge-Offs/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAveragenbsp;Loans/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bNetnbsp;Charge-Offs/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Managed loans/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b134,378,686/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b2,020,986/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"143,514,416/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"8,420,634/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Securitization adjustments/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(175,525/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(3,203/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(43,727,131/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(3,853,000/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Reported loans/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b134,206,161/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b2,017,783/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"99,787,285/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,567,634/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"biMortgage Securitizations /i/b/font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bOption Arm Mortgage Loan Securitizations /b/font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company has previously securitized option arm mortgage loans by transferring loan receivables to trusts, which in turn issued mortgage backed securities to investors. The outstanding balance of debt securities held by external investors at March 31, 2010 and December 31, 2009 was $4.4 billion and $4.6 billion, respectively. There were no loans transferred into new trusts during the period and no gains recognized during the period. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company continues to service some of the outstanding balance of securitized mortgage receivables. The Company also retains rights, which may be subordinated, to future cash flows arising from the receivables, the most significant being certificated interest-only bonds issued by the trusts, certain of which were sold during the period ended March 31, 2010. The Company generally estimates the fair value of these retained interests based on the estimated present value of expected future cash flows from securitized and sold receivables, using management's best estimates of the key assumptions ndash; credit losses, prepayment speeds and discount rates commensurate with the risks involved. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In connection with the securitization of certain option arm mortgage loans, a third party is obligated to advance a portion of any "negative amortization" resulting from monthly payments that are less than the interest accrued for that payment period. The Company has an agreement in place with the third party that mirrors this advance requirement. The amount advanced by the company is tracked through mortgage-backed securities retained by the Company as part of the securitization transaction. As the borrowers make principal payments, these securities receive their pro rata portion of those payments in cash, and advances of negative amortization are refunded accordingly. As advances occur, the Company records an asset in the form of negative amortization bonds, which are classified as available for sale securities. The Company has also entered into certain derivative contracts related to the securitization activities. These are classified as free standing derivatives, with fair value a djustments recorded in non-interest income. See "Note 13- Derivative Instruments and Hedging Activities" for further details on these derivatives. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Prior to January 1, 2010, 21 mortgage securitization trusts were off-balance sheet due to the QSPE exemption from the consolidation provisions of the new consolidation guidance. Upon the adoption of the new consolidation guidance on January 1, 2010, the Company was required to consolidate 15 of the mortgage trusts because it was considered the primary beneficiary of the impacted trusts, due to the power held through its servicing rights and due to the right to receive benefits that could potentially be significant to the trusts through the interest-only bonds it retained. As a result of consolidation, the Company recorded a $1.5 billion increase to loans held for investment, a $73.2 million increase to the allowance for loan losses, a $1.5 billion increase to securitized debt obligations, a $28.5 million decrease to other net assets, and a $114.1 million reduction in stockholders' equity. As part of the impact of consolidation, the Company eliminated retained interests from its consol idated balance sheet, including mortgage servicing rights, interest-only bonds and negative amortization bonds. See "Note 1 - Summary of Significant Accounting Policies." /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"On March 10, 2010, the Company sold the interest-only bonds associated with each of the consolidated mortgage trusts to a third party. While continuing to service the related loans, the Company is no longer considered the primary beneficiary of the mortgage trusts because without the interest-only bonds, it no longer has the right to receive benefits that could potentially be significant nor the obligation to absorb losses that could potentially be significant to the trusts. Therefore, the Company deconsolidated the mortgage trusts as of March 10, 2010. Deconsolidation resulted in the removal of all trust assets and liabilities from the consolidated balance sheet including $1.5 billion of mortgage loan receivables along with the related allowance of $73.2 million, debt securities held by third party investors of $1.5 billion, and other net assets of $52.3 million. It also resulted in the recognition on the consolidated balance sheet of $64.2 million of interests in the mortgage securi tization that continued to be retained by the Company after the sale of the interest-only bonds, including mortgage servicing rights, negative amortization bonds, and other interests. The deconsolidation resulted in an increase to non-interest income of $127.6 million. /font/p p style="margin-top: 0px; margin-bottom: 0px;"font class="_mt" size="1" /fontnbsp;/p p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The remaining mortgage trusts with $3.0 billion of outstanding mortgage loans and $3.1 billion of securities issued to third parties were not consolidated because the Company is no longer servicing the mortgage loans and is not considered to be the primary beneficiary of the mortgage trusts. These trusts were not consolidated upon initial adoption because the insurer of the mortgage securitization gave notice of its intent to remove Capital One as the servicer of the loans prior to the adoption of the new consolidation standards and formally exercised that right during the first quarter of 2010. In conjunction with the initial notification, the Company reduced the value of mortgage servicing rights by $26.4 million for these trusts in the fourth quarter of 2009. /font/p p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bKey Assumptions and Sensitivities for Mortgage Retained Interest Valuations /b/font/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Servicing, securitization and mortgage servicing and other includes the initial gains on current securitization and sale transactions and income from interest-only strips recognized in connection with current and prior period securitization and sale transactions. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"As of March 31, 2010 and December 31, 2009, the key assumptions and the sensitivity of the current fair value of the retained interests to an immediate 10 percent and 20 percent adverse change in those assumptions are as follows: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="76%" align="center" tr td width="54%" /td td valign="bottom" width="17%" /td td /td td /td td /td td valign="bottom" width="17%" /td td /td td /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAsnbsp;ofnbsp;Marchnbsp;31,nbsp;2010nbsp; sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(1)/sup/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAsnbsp;ofnbsp;Decembernbsp;31,nbsp;2009nbsp; sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(1)/sup/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Interest-only strip/Retained Interests bfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(2) (3)/sup/fontfont style="font-family: Times New Roman;" class="_mt" size="2" /font/bfont style="font-family: Times New Roman;" class="_mt" size="2" /font/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b152,587/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"225,561/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Weighted average life (in years)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b3.8 ndash; 4.7/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3.4/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Prepayment speed assumption/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b19.6%nbsp;-nbsp;20.4%/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"27.8/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Impact on fair value at 10% adverse change/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(6,122/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(4,502/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Impact on fair value at 20% adverse change/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(9,689/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(8,738/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Residual cash flow discount rate (annual)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b25.5%nbsp;-nbsp;42.2%/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"11.5/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Impact on fair value at 10% adverse change/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(8,338/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(5,948/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Impact on fair value at 20% adverse change/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b(15,864/b/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"b)nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(11,570/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr/table p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(1)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Mortgage related retained interests were acquired in connection with the Chevy Chase Bank acquisition during 2009. /font/td/tr/table table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(2)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"The Company sold interest-only bonds during the quarter which resulted in the decline in retained interests from Decembernbsp;31, 2009. Additionally, the Company reclassified the negative amortization bonds from held to maturity to available for sale and recognized an other-than-temporary impairment of $4 million on these securities during the three months ending Marchnbsp;31, 2010. The Company also recorded non credit related unrealized losses of $14 million ($9 million net of tax) in other comprehensive income. /font/td/tr/table table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(3)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"The sale of certain interest-only bonds provided the Company with updated market observable inputs to incorporate into the valuations of the interest-only bonds that continue to be held by the Company. As a result, the Company recorded a $50 million decrease to the fair value of the interest-only bonds during the three months ended Marchnbsp;31, 2010 through an increase to the discount rate, which is attributable to illiquidity in the market for these types of securities. /font/td/tr/table p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bCash Flows Related to the Off-Balance Sheet Mortgage Securitizations /b/font/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following table summarizes certain cash flows received from securitization trusts for the three months ended March 31, 2010 and 2009: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="76%" align="center" tr td width="60%" /td td valign="bottom" width="17%" /td td /td td /td td valign="bottom" width="17%" /td td /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bThreenbsp;Monthsnbsp;Endedbr /Marchnbsp;31,nbsp;2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bThreenbsp;Monthsnbsp;Endedbr /March 31,nbsp;2009/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Proceeds from new securitizations/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Servicing fees received/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b4,308/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,676/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other cash flows received on retained interests/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b74,938/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"8,656/font/td/tr/table p style="margin-top: 0px; margin-bottom: 0px;"font class="_mt" size="1" /fontnbsp;/p p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bSupplemental Loan Information /b/font/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Principal balances of off-balance sheet single family residential loans, delinquent amounts and net credit losses on loans being serviced by the Company for the three months ended March 31, 2010 and year ended December 31, 2009, were as follows: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="76%" align="center" tr td width="58%" /td td valign="bottom" width="12%" /td td /td td /td td valign="bottom" width="12%" /td td /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAsnbsp;ofnbsp;Marchnbsp;31,nbsp;2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAsnbsp;ofnbsp;Decembernbsp;31,nbsp;2009/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total Principal Amount of Loans/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b4,509,336/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,642,142/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td/tr tr td height="8" /td td height="8" colspan="3" /td td height="8" colspan="3" /td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Principal Amount of Loans Past Due 90 Days or More or Non-Performing/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b1,243,561/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,246,809/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td/tr tr td height="8" /td td height="8" colspan="3" /td td height="8" colspan="3" /td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Net Credit Losses/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Three months ended Marchnbsp;31, 2010 and year ended Decembernbsp;31, 2009/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b96,350/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"217,444/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td/tr/table p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bOther Mortgage Securitizations /b/font/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company's discontinued wholesale mortgage banking unit, GreenPoint, previously sold home equity lines of credit in whole loan sales and subsequently acquired a residual interest in certain trusts which securitized some of those loans. The trusts had aggregate assets of $356.7 million at March 31, 2010, representing the amount outstanding on the home equity lines of credit. As residual interest holder, GreenPoint is required to fund advances on the home equity lines of credit when certain performance triggers are met due to deterioration in asset performance. The Company has funded $24.0 million in advances through March 31, 2010, all of which has been expensed as funded. The Company does not consolidate the trusts because the residual certificates do not provide the Company with the obligation to absorb losses or the right to receive benefits that could potentially be significant to the trusts. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company retains the primary obligation for certain provisions of corporate guarantees, recourse sales and clean-up calls related to the discontinued manufactured housing operations of GreenPoint Credit LLC ("GPC") which was sold to a third party in 2004. Although the Company is the primary obligor, recourse obligations related to former GPC whole loan sales, commitments to exercise mandatory clean-up calls on certain GPC securitization transactions and servicing were transferred to a third party in the sale transaction. The Company does not consolidate the trusts used for the securitization of manufactured housing loans because it does not have the power to direct the activities that most significantly impact the economic performance of the trusts since it no longer services the loans. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company was required to fund letters of credit in 2004 to cover losses, and is obligated to fund future amounts under swap agreements for certain transactions. The Company also has the right to receive any funds remaining in the letters of credit after the securities are released. The amount available under the letters of credit was $198.4 million and $204.5 million at March 31, 2010 and December 31, 2009, respectively. The fair value of the expected residual balances on the funded letters of credit was $50.2 million and $46.0 million at March 31, 2010 and December 31, 2009, respectively, and is included in other assets on the Consolidated Balance Sheet. The Company's maximum exposure under the swap agreements was $31.0 million and $32.7 million at March 31, 2010 and December 31, 2009, respectively. The value of the Company's obligations under these swaps was $21.0 million and $18.3 million at March 31, 2010 and December 2009, respectively, and is recorded in other liabilities on the Consolidated Balance Sheet. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The principal balance of manufactured housing securitization transactions where the Company is the residual interest holder was $1.5 billion and $1.5 billion at March 31, 2010 and December 31, 2009, respectively. In the event the third party does not fulfill on its obligations to exercise the clean-up calls on certain transactions, the obligation reverts to the Company and approximately $420.3 million of loans receivable would be assumed by the Company upon its execution of the clean-up call and the Company would be required to absorb any losses on the loans receivable. There have been no instances of non-performance to date by the third party. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Management monitors the underlying assets for trends in delinquencies and related losses and reviews the purchaser's financial strength as well as servicing performance. These factors are considered in assessing the adequacy of the liabilities established for these obligations and the valuations of the assets. /font/p/div /div

Commitments, Contingencies and Guarantees	3 Months Ended
Commitments, Contingencies and Guarantees	Mar. 31, 2010
Statement [Line Items]
Commitments, Contingencies and Guarantees	NOTE 14—COMMITMENTS, CONTINGENCIES AND GUARANTEES Letters of Credit The Company issues letters of credit (financial standby, performance standby and commercial) to meet the financing needs of its customers. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party in a borrowing arrangement. Commercial letters of credit are short-term commitments issued primarily to facilitate trade finance activities for customers and are generally collateralized by the goods being shipped to the client. Collateral requirements are similar to those for funded transactions and are established based on management's credit assessment of the customer. Management conducts regular reviews of all outstanding letters of credit and customer acceptances, and the results of these reviews are considered in assessing the adequacy of the Company's allowance for loan and lease losses. The Company had contractual amounts of standby letters of credit and commercial letters of credit of $1.7 billion at March 31, 2010. As of March 31, 2010, financial guarantees had expiration dates ranging from 2010 to 2020. The fair value of the guarantees outstanding at March 31, 2010 that have been issued since January 1, 2003, was $2.8 million and was included in other liabilities. Potential Mortgage Representation & Warranty Liabilities As part of broader acquisitions, the Company acquired three subsidiaries that originated residential mortgage loans and sold them to various purchasers, including securitization trusts. These subsidiaries are Capital One Home Loans, which was acquired in February 2005; GreenPoint, which was acquired in December 2006 as part of the North Fork acquisition; and Chevy Chase Bank, which was acquired in February 2009 and subsequently merged into CONA. In connection with their sales of mortgage loans, the subsidiaries entered into agreements containing representations and warranties about, among other things, the mortgage loans and the origination process. Each subsidiary may be required to repurchase mortgage loans in the event of certain breaches of these representations and warranties. In the event of a repurchase, the subsidiary is typically required to pay the then unpaid principal balance of the loan together with interest and certain expenses (including, in certain cases, legal costs incurred by the purchaser and/or others), and the subsidiary then recovers the underlying collateral. Each subsidiary is exposed to any losses on the repurchased loans after giving effect to recoveries on the collateral. Each subsidiary may also be required to indemnify certain purchasers and others against losses they incur in the event of breaches of representations and warranties and in various other circumstances, and the amount of such losses could exceed the repurchase amount of the related loans. These subsidiaries, in total, originated and sold an aggregate of approximately $121.9 billion original principal balance of mortgage loans between 2005 and 2008, the years with respect to which most of the repurchase requests and other claims relate. Some of this original principal balance has been repaid, but we believe a significant amount of it remains outstanding. At March 31, 2010, the subsidiaries had open repurchase requests relating to approximately $1.2 billion original principal balance of mortgage loans (up from $699 million at March 31, 2009 and $966 million at December 31, 2009). The Company considers open requests to be requests with respect to mortgage loans received within the past 24 months that are in the process of being paid, are under review, or have been denied by the subsidiary but not rescinded by the party requesting repurchase, as well as specifically identified mortgage loans currently subject to actual or threatened litigation. In addition to the foregoing loan-specific open repurchase requests, GreenPoint is also a defendant in a lawsuit seeking, among other things, to require it to repurchase an entire portfolio of approximately 30,000 mortgage loans with an aggregate principal balance of $1.8 billion within a certain securitization trust based on alleged breaches of representations and warranties relating to a limited sampling of loans in the portfolio. See discussion within the Litigation section below for a discussion related to U.S. Bank. GreenPoint has also received requests for indemnification in connection with a number of lawsuits in which GreenPoint is not a party, including both representation and warranty litigation and securities class actions brought on behalf of investors in securitization trusts that in the aggregate hold a significant principal balance of mortgage loans for which GreenPoint was identified as the originator. The Company believes that a significant number of mortgage loans at issue in the litigations referred to above as well as a significant number of mortgage loans sold by the subsidiaries as to which no repurchase or indemnification requests have been received are currently delinquent or already foreclosed on. The Company has established reserves in its consolidated financial statements for inherent losses that are considered to be both probable and estimable related to the mortgage loans sold by each subsidiary. The adequacy of each reserve is evaluated on a quarterly basis and changes in the reserves are reported in non-interest expense. Factors considered in the evaluation process for establishing the reserves include identity of counterparty, amount of open repurchase requests, current level of loan losses, estimated success rate of claimants, estimated recoveries by the subsidiary on the underlying collateral, and whether there is actual or threatened litigation. For counterparties other than actual or threatened litigants, factors considered in the evaluation process also include an estimated amount of probable repurchase requests to be received over the next 12 months based on the historical relationship between mortgage loan performance and repurchase requests and the estimated leve l of future mortgage loan performance. The Company expects that both the delinquency rates on subsidiary-originated mortgage loans and the severity of losses on collateral recoveries will continue to be high, but the reserve setting process does not include an attempt to predict lifetime losses on the loans. The reserves also do not include amounts for the portfolio-wide repurchase claim at issue in the U.S. Bank litigation or for the indemnification requests with respect to securities class actions, in each case as referred to above, because neither exposure, if any, is currently considered to be both probable and estimable. The reserves do include amounts for the loan-by-loan theory of recovery alleged in the U.S. Bank litigation, in the indemnification requests with respect to third-party representation and warranty litigation, and in various other actual or threatened litigation matters The adequacy of the reserves and the ultimate amount of losses incurred will depend on, among other things, the actual future mortgage loan performance, the actual level of future repurchase and indemnification requests, the actual success rates of claimants, developments in litigation, actual recoveries on the collateral, and macroeconomic conditions (including unemployment levels and housing prices). At March 31, 2010, the aggregate reserve for all three subsidiaries was $454 million, compared to $238 million at December 31, 2009. The $216 million change in the reserve from December 31, 2009 was the result of $8 million in repurchase claims settlements in the quarter that were applied against the reserve and an expense of $224 million resulting primarily from updated estimates related to actual and threatened litigation. Due to the uncertainties discussed above, the Company cannot reasonably estimate the total amount of losses that will actually be incurred as a result of each subsidiary's repurchase and indemnification obligations, and there can be no assurance that the Company's current reserves will be adequate or that the total amount of losses incurred will not have a material adverse effect upon the Company's financial condition or results of operations. Litigation In accordance with the provisions of Accounting for Contingencies, the Company accrues for a litigation related liability when it is probable that such a liability has been incurred and the amount of the loss can be estimated. In addition, the Company's subsidiary banks are members of Visa U.S.A., Inc. ("Visa"). As members, the Company's subsidiary banks have indemnification obligations to Visa with respect to final judgments and settlements of certain litigation against Visa (the "Visa Covered Litigation"). In 2005, a number of entities, each purporting to represent a class of retail merchants, filed antitrust lawsuits (the "Interchange Lawsuits") against MasterCard and Visa and several member banks, including the Company and its subsidiaries, alleging among other things, that the defendants conspired to fix the level of interchange fees. The complaints seek injunctive relief and civil monetary damages, which could be trebled. Separately, a number of large merchants have asserted similar claims against Visa and MasterCard only. In October 2005, the class and merchant Interchange lawsuits were consolidated before the United States District Court for the Eastern District of New York for certain purposes, including discovery. Fact discovery has closed and limited expert discovery is ongoing. The parties have briefed and presented oral argument on motions to dismiss and class certification and are awaiting decisions from the court. In 2007, a number of individual plaintiffs, each purporting to represent a class of cardholders, filed antitrust lawsuits in the United States District Court for the Northern District of California against several issuing banks, including the Company (the "In Re Late Fees Litigation"). These lawsuits allege, among other things, that the defendants conspired to fix the level of late fees and over-limit fees charged to cardholders, and that these fees are excessive. In May 2007, the cases were consolidated for all purposes and a consolidated amended complaint was filed alleging violations of federal statutes and state law. The amended complaint requests civil monetary damages, which could be trebled. In November 2007, the court dismissed the amended complaint. Plaintiffs appealed that order to the Ninth Circuit Court of Appeals. The plaintiffs' appeal challenges the dismissal of their National Bank Act, Depository Institutions Deregulation Act of 1980 and California Unfair Competition L aw claims, but not their antitrust conspiracy claims. In June 2009, the Ninth Circuit Court of Appeals stayed the matter pending the bankruptcy proceedings of one of the defendant financial institutions. In November 2009 and April 2010, the Ninth Circuit Court of Appeals entered additional order continuing the stay of the matter pending the bankruptcy proceedings. Between January and April 2010, eight substantially similar putative class actions were filed against COBNA and Capital One Services, LLC ("COSI") challenging various marketing practices relating to the payment protection product: Blackie v. Capital One Bank, et al. (United States District Court for the Eastern District of Pennsylvania); Carr v. Capital OneBank, et al. (United States District Court for the District of New Jersey); McCoy v. Capital One Bank, et al. (United States District Court for the Southern District of California); Mitchell v. Capital One Bank, et al. (United States District Court for the Central District of California); Salazar v. Capital One Bank, et al. (United States District Court for the District of South Carolina); Smith v. Capital One Bank, et al. (United States District Court for the District of Arkansas); Sullivan v. Capital One Bank, et al, (United States District Court for the District of Connecticut); Watlington v. Capital One Bank, et al. (United States District Court for the Middle District of North Carolina). These putative class actions seek a range of remedies, including compensatory damages, punitive damages, restitution, disgorgement, injunctive relief, and attorneys' fees. Each of these cases is in early stages. In addition, in September 2009, the United States District Court for the Middle District of Florida certified a statewide class action in Spinelli v. Capital One Bank, et al. with respect to the marketing of the payment protection product in Florida. In May 2010, the United States Court of Appeals for the Eleventh Circuit denied COBNA's and COSI's petition for interlocutory review of the class certification order, allowing the case to proceed toward the summary judgment stage. In January 2010, the West Virginia Attorney General filed suit against COBNA and various affilia tes in Mason County, West Virginia, challenging numerous credit card practices under the West Virginia Consumer Credit and Protection Act, including practices relating to the payment protection product. The West Virginia Attorney General seeks injunctive relief, consumer refunds, statutory damages, disgorgement, and attorneys' fees. COBNA has removed the case to the United States District Court for the Southern District of West Virginia and filed a motion to dismiss the complaint. Finally, COBNA is subject to formal and informal inquiries from various governmental agencies relating to the payment protection product. On February 5, 2009, GreenPoint Mortgage Funding, Inc. ("GreenPoint"), a subsidiary of Capital One Financial Corporation, was named as a defendant in a lawsuit commenced in the Supreme Court of the State of New York, New York County by U.S. Bank National Association, Syncora Guarantee Inc. (formerly known as XL Capital Assurance Inc.) and CIFG Assurance North America, Inc. Plaintiffs allege, among other things, that GreenPoint breached certain representations and warranties in two contracts pursuant to which GreenPoint sold approximately 30,000 mortgage loans having an aggregate original principal balance of approximately $1.8 billion to a purchaser that ultimately transferred most of these mortgage loans to a securitization trust. Some of the securities issued by the trust were insured by two of the plaintiffs. Plaintiffs have alleged breaches of representations and warranties with respect to a limited number of specific mortgage loans. Plaintiffs seek unspecified damages and an orde r compelling GreenPoint to repurchase the entire portfolio of 30,000 mortgage loans based on alleged breaches of representations and warranties relating to a limited sampling of loans in the portfolio, or, alternatively, the repurchase of specific mortgage loans to which the alleged breaches of representations and warranties relate. On March 3, 2010, the Court granted GreenPoint's motion to dismiss with respect to plaintiffs Syncora and CIFG and denied the motion with respect to U.S. Bank. On April 14, 2010 plaintiffs U.S. Bank, Syncora, and CIFG filed an amended complaint seeking, among other things, the repurchase remedies described above and indemnification for losses suffered by Syncora and CIFG. Given the complexity of the issues raised by these matters and the uncertainty regarding: (i) the outcome of these matters, (ii) the likelihood and amount of any possible judgments, and (iii)with respect to the interchange lawsuits (a) the likelihood, amount and validity of any claim against the member banks, including the Company and its subsidiary banks, (b) changes in industry structure that may result from the suits and (c) the effects of these suits, in turn, on competition in the industry, member banks and interchange fees, the Company cannot determine at this time the long-term effects of these matters. In the first quarter of 2008, Visa completed an IPO of its stock. With IPO proceeds Visa established an escrow account for the benefit of member banks to fund certain litigation settlements and claims. As a result, in the first quarter of 2008, the Company reduced its Visa-related indemnification liabilities of $90.9 million recorded in other liabilities with a corresponding reduction of other non-interest expense. The Company made a Fair Value Option for Financial Assets and Liabilities, election on the indemnification guarantee to Visa and the fair value of the guarantee at March 31, 2010 and December 31, 2009 was zero. Since July 2009, we have been providing documents and information on a voluntary basis in response to an informal inquiry by the Staff of the SEC. In the first quarter of 2010, the SEC issued a formal order of investigation with respect to this inquiry. Although the order, as is generally customary, authorizes a broader inquiry by the Staff, we believe that the investigation is focused largely on the Company's method of determining the loan loss reserves at its auto finance business for certain quarterly periods in 2007. We are cooperating fully with the Staff's investigation. At this time, it is not possible to predict when or how the investigation will be resolved. Other Pending and Threatened Litigation In addition, the Company is commonly subject to various pending and threatened legal actions relating to the conduct of its normal business activities. In the opinion of management, the ultimate aggregate liability, if any, arising out of any such pending or threatened legal actions will not be material to its consolidated financial position or its results of operations. On September 21, 2009, the Tax Court issued a decision in the case Capital One Financial Corporation and Subsidiaries v. Commissioner covering tax years 1995-1999, with both parties prevailing on certain issues. The time period for an appeal by each party is pending. Although the final resolution of the case is uncertain and involves unsettled areas of law, the Company has accounted for this matter applying the recognition and measurement criteria of, Accounting for Uncertainty in Income Taxes, an Interpretation of FASB Statement No. 109 ("ASC 740-10").

Other Variable Interest Entities	3 Months Ended
Other Variable Interest Entities	Mar. 31, 2010
Statement [Line Items]
Other Variable Interest Entities	div div p style="margin-top: 0px; margin-bottom: 0px; font-size: 18px;" /p p style="border-bottom: #000000 1pt solid; line-height: 1px; margin-top: 0px; margin-bottom: 2px;"nbsp;/p p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"ba name="toc31986_22" /aNOTE 15#8212;OTHER VARIABLE INTEREST ENTITIES /b/font/p p style="border-bottom: #000000 1pt solid; line-height: 1px; margin-top: 0px; margin-bottom: 2px;"nbsp;/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company is involved with various entities that are considered to be VIEs. With respect to its interests, the Company is required to consolidate any VIE in which it is determined to be the primary beneficiary. The Company reviews all significant interests in the VIEs it is involved with such as amounts and types of financial and other support including equity investments, debt financing and guarantees. The Company also considers the activities of the VIEs that most significantly impact the VIEs economic performance and whether it has control over those activities. To provide the necessary disclosures, the Company aggregates similar VIEs based on the nature and purpose of the entities. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company is also involved in various securitization transactions in the ordinary course of business. Please refer to "Note 11#8212;Mortgage Servicing Rights", "Note 13#8212;Securitizations" and "Note 14#8212;Commitments, Contingencies and Guarantees" for disclosures on involvement with other types of VIEs. This note is limited to non-securitization trusts and entities. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The new consolidation guidance amends the guidance for determining whether an entity is a VIE, replaces the quantitative approach for determining the primary beneficiary with a qualitative assessment, and requires ongoing assessments as to whether an enterprise is the primary beneficiary of the VIE. Under the new consolidation guidance the primary beneficiary is the entity that has (i) the power to direct the activities of a VIE that most significantly impact the entity's economic performance and (ii) the obligation to absorb losses of the entity that could potentially be significant to the VIE or the right to receive benefits from the entity that could potentially be significant to the VIE. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"As part of its community reinvestment initiatives, the Company invests in private investment funds that make equity investments in multi-family affordable housing properties. The Company receives affordable housing tax credits for these investments. The activities of these entities are financed with a combination of invested equity capital and debt. As a result of new consolidation guidance certain investment funds are no longer considered to be variable interest entities and are not included in the March 31, 2010 balances in the table below. These investment funds were consolidated by the Company as of January 1, 2010, the net consolidation impact to other liabilities was $67.4 million. The assets of the unconsolidated investment funds that were VIEs at March 31, 2010 and December 31, 2009 were approximately $6.7 billion and $7.3 billion, respectively. The Company is not required to consolidate the investment funds that are VIEs as it does not have the power to direct the activities that most significantly impact the economic performance of those entities. The Company records its interests in the unconsolidated VIEs in loans held for investment, other assets and other liabilities. The Company's maximum exposure to these entities is limited to its variable interests in the entities. Please refer to the table below for additional details. The creditors of the VIEs have no recourse to the general credit of the Company and the Company does not provide additional financial or other support during the period that it was not previously contractually required to provide. /font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company holds variable interests in entities ("Investor Entities") that invest in community development entities ("CDEs") that provide debt financing to businesses and non-profit entities in low-income and rural communities. Investments of the consolidated Investor Entities are also variable interests of the Company. The activities of the Investor Entities are financed with a combination of invested equity capital and debt. The activities of the CDEs are financed solely with invested equity capital. The Company receives federal and state tax credits for these investments. As a result of new consolidation guidance certain CDEs are no longer considered to be variable interest entities and are not included in the March 31, 2010 balances in the table below. The Company consolidates the VIEs in which it has the power to direct the activities that most significantly impact the VIE's economic performance and the obligation to absorb losses or right to receive benefits that could be poten tially significant to the VIE. The assets of the VIEs consolidated by the Company at March 31, 2010 and December 31, 2009 were approximately $161.1 million and $155.4 million, respectively. The assets and liabilities of these consolidated VIEs were recorded in cash, loans held for investment, interest receivable, other assets and other liabilities. The assets of the VIEs that the Company held an interest in but was not required to consolidate at March 31, 2010 and December 31, 2009 were approximately $16.1 million and $58.4 million, respectively. The Company records its interests in these unconsolidated VIEs in loans held for investment and other assets. As referenced in the table below, the Company's maximum exposure to these entities is limited to its variable interests in the entities. The creditors of the VIEs have no recourse to the general credit of the Company. The Company has not provided additional financial or other support during the period that it was not previously contractually required to prov ide. /font/p p style="margin-top: 0px; margin-bottom: 0px;"font class="_mt" size="1" /fontnbsp;/p p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company also has a variable interest in a trust that is included in the other unconsolidated VIEs in the table below. The trust has a royalty interest in certain oil and gas properties. The activities of the trust are financed solely with debt. The assets of the trust at March 31, 2010 and December 31, 2009 were approximately $413.8 million and $429.9 million, respectively. The Company is not required to consolidate the trust because it does not have the power to direct the activities of the trust that most significantly impacts the trust's economic performance. The Company records its interest in the trust in loans held for investment. As referenced in the table below, the Company's maximum exposure to the trust is limited to its variable interest. The creditors of the trust have no recourse to the general credit of the Company. The Company has not provided additional financial or other support during the period that it was not previously contractually required to provide. /f ont/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following table presents the carrying amount of assets and liabilities of those VIEs for which the Company is the primary beneficiary and the carrying amount of assets and liabilities and maximum exposure to loss of those VIEs of which the Company is not the primary beneficiary, but holds a variable interest. /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" tr td width="57%" /td td valign="bottom" width="3%" /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td valign="bottom" width="3%" /td td /td td /td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bConsolidatedsup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(1)/sup/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="8" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bUnconsolidated/b/font/td/tr tr td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bCarryingbr /Amountnbsp;ofbr /Assets/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bCarryingbr /Amountnbsp;ofbr /Liabilities/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bCarryingbr /Amountnbsp;ofbr /Assets/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bCarryingbr /Amountnbsp;ofbr /Liabilities/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bMaximumbr /Exposurenbsp; tobr /Losssup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(2)(3)/sup/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"bVariable interest entities, Marchnbsp;31, 2010/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Affordable housing entities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b978,558/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b303,479/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b978,558/b/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 5em;"font style="font-family: Times New Roman;" class="_mt" size="2"Entities that provide capital to low-income and rural communities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b161,103/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b16,116/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b1,837/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b16,116/b/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b193,700/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"bnbsp;/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b193,700/b/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total variable interest entities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b161,103/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b#8212;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b1,188,374/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b305,316/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"b$/b/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"b1,188,374/b/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"bVariable interest entities, Decembernbsp;31, 2009/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Affordable housing entities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,401,080/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"638,442/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,401,080/font/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Entities that provide capital to low-income and rural communities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"155,444/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"58,375/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,623/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"58,375/font/td/tr tr bgcolor="#cceeff" td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"202,943/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"202,943/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td/tr tr td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"bTotal variable interest entities/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"155,444/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,662,398/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"640,065/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,662,398/font/td/tr tr style="font-size: 1px;" td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td/tr/table p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(1)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"We consolidate a VIE when we are the primary beneficiary that has (i)nbsp;the power to direct the activities of a VIE that most significantly impact the entity's economic performance and (ii)nbsp;the obligation to absorb losses of the entity that could potentially be significant to the VIE or the right to receive benefits from the entity that could potentially be significant to the VIE. /font/td/tr/table table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(2)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"The maximum exposure to loss represents the amount of loss the Company would incur in the unlikely event that all of the Company's assets in the VIEs became worthless. /font/td/tr/table table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" tr td valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(3)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"The Company's maximum exposure to loss is limited to the carrying amount of assets because the Company is not required to provide any support to these entities other than what it was previous contractually required to provide. /font/td/tr/table/div /div

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2010
Statement [Line Items]
Subsequent Events	div div p style="margin-top: 0px; margin-bottom: 0px; font-size: 18px;"nbsp;/p p style="border-bottom: #000000 1pt solid; line-height: 1px; margin-top: 0px; margin-bottom: 2px;"nbsp;/p p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"ba name="toc31986_23" /aNOTE 16#8212;SUBSEQUENT EVENTS /b/font/p p style="border-bottom: #000000 1pt solid; line-height: 1px; margin-top: 0px; margin-bottom: 2px;"nbsp;/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"We evaluate subsequent events that have occurred after the balance sheet date but before the financial statements are issued. There are two types of subsequent events: (1) recognized, or those that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements, and (2) nonrecognized, or those that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date./font/p p style="margin-top: 12px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Based on the evaluation, we did not identify any recognized or nonrecognized subsequent events that would have required adjustment to the financial statements. /font/p p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"ba name="toc31986_41" /a/b/fontnbsp;/p/div /div