View Filing Data

Depreciation and amortization, net

1,499

3,069

424

422

Net gains on sales of securities available for sale

(251)

(134)

Net gains on deconsolidation

(177)

Loans held for sale:

Transfers in

(781)

(400)

Losses on sales

(25)

Proceeds from sales

681

516

Stock plan compensation expense

135

117

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

112

(92)

(Increase) decrease in accounts receivable from securitizations

^[1]

(Increase) decrease in other assets

^[1]

222

1,473

Increase (decrease) in interest payable

(87)

(45)

Increase (decrease) in other liabilities

^[1]

1,096

1,215

Net cash provided by operating activities attributable to discontinued operations

Net cash provided by operating activities

5,916

8,020

Investing activities:

Increase in restricted cash for securitization investors

^[1]

618

1,312

Sales (purchases) of securities available for sale

(12,689)

(20,561)

Proceeds from paydowns and maturities of securities available for sale

7,065

8,710

Proceeds from sales of securities available for sale

8,980

11,483

Proceeds from sale of interest-only bonds

Net (increase) decrease in loans held for investment

^[1]

(6,607)

3,974

Principal recoveries of loans previously charged off

1,197

1,201

Additions of premises and equipment

(269)

(225)

Net payment for companies acquired

(1,444)

Net cash provided by (used in) investing activities attributable to discontinued operations

(1)

Net cash provided by (used in) investing activities

(3,149)

5,950

Financing activities:

Net increase in deposits

6,104

3,403

Net decrease in securitized debt obligations

(9,795)

(18,795)

Net decrease in other borrowings

^[1]

(82)

(1,723)

Maturities of senior notes

(854)

(516)

Issuance of senior notes

2,992

Purchases of treasury stock

(41)

(22)

Dividends paid on common stock

(69)

Net proceeds from issuances of common stock

Proceeds from share-based payment activities

Net cash used in financing activities attributable to discontinued operations

(19)

Net cash used in financing activities

(1,658)

(17,713)

Increase (decrease) in cash and cash equivalents

1,109

(3,743)

Cash and cash equivalents at beginning of the period

5,249

8,685

Cash and cash equivalents at end of the period

6,358

4,942

Non-cash items:

Impact of the net fair value of assets acquired and liabilities assumed for acquisitions

Cumulative effect from adoption of new consolidation accounting standards

$ 0

$ 2,973

[1]	Excludes the initial impact from the January 1, 2010 adoption of the new consolidation standards.

Summary Of Significant Accounting Policies

9 Months Ended

Sep. 30, 2011

Summary Of Significant Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

NOTE 1—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Company

Capital One Financial Corporation, which was established in 1995, is a diversified financial services holding company headquartered in McLean, Virginia. Capital One Financial Corporation and its subsidiaries (the "Company") offer a broad array of financial products and services to consumers, small businesses and commercial clients through branches, the internet and other distribution channels. Our principal subsidiaries include Capital One Bank (USA), National Association ("COBNA") and Capital One, National Association ("CONA"). The Company and its subsidiaries are hereafter collectively referred to as "we," "us" or "our." CONA and COBNA are hereafter collectively referred to as the "Banks." As one of the 10 largest banks in the United States based on deposits, we serve banking customers through branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. In addition to bank lending and depository services, we offer credit and debit card products, mortgage banking and treasury management services. We offer our products outside of the United States principally through operations in the United Kingdom and Canada.

Our principal operations are organized into three primary business segments, which are defined based on the products and services provided, or the type of customer served: Credit Card, Consumer Banking and Commercial Banking.

Basis of Presentation and Use of Estimates

The accompanying unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States ("U.S. GAAP") for interim financial information and should be read in conjunction with the audited consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2010 ("2010 Form 10-K"). Certain financial information that is normally included in annual financial statements prepared in conformity with U.S. GAAP, but is not required for interim reporting purposes, has been condensed or omitted. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of our interim unaudited financial statements have been reflected.

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and related disclosures. These estimates are based on information available as of the date of the consolidated financial statements. While management makes its best judgment, actual amounts or results could differ from these estimates. Interim period results may not be indicative of results for the full year.

Principles of Consolidation

The consolidated financial statements include the accounts of Capital One Financial Corporation and all other entities in which we have a controlling financial interest. All significant intercompany accounts and transactions have been eliminated. Certain prior period amounts have been reclassified to conform to the current period presentation.

Significant Accounting Policies

We provide a summary of our significant accounting policies in our 2010 Form 10-K under "Notes to Consolidated Financial Statements—Note 1—Summary of Significant Accounting Policies." Below we describe accounting standards that we adopted in 2011 and recently issued accounting standards that we have not yet adopted.

Accounting Standards Adopted in 2011

Receivables: A Creditor's Determination of Whether a Restructuring is a Troubled Debt Restructuring

In April 2011, the Financial Accounting Standards Board ("FASB") issued an amendment to the accounting guidance for financing receivables, which includes loans, to clarify when a restructuring, such as a loan modification, is considered a troubled debt restructuring ("TDR"). This amendment provides clarification on determining whether a debtor is experiencing financial difficulties and whether a concession has been granted to the debtor for purposes of determining if a loan modification constitutes a TDR. The amended guidance is effective for interim and annual periods beginning on or after June 15, 2011 and applies retrospectively to restructurings occurring on or after the beginning of the fiscal year of adoption, with early adoption permitted. The adoption of this amended accounting guidance in the third quarter of 2011 resulted in a net increase in loan modifications considered to be TDRs of $56 million for consumer loans and $77 million for commercial loans. The allowance for credit losses associated with these loans was $22 million as of September 30, 2011.

Fair Value Measurements and Disclosures—Improving Disclosures about Fair Value Measurements

In January 2010, the FASB issued guidance to improve disclosures about fair value measurements. The guidance, which amended previous disclosure requirements for fair value measurements, requires new disclosures for significant transfers of financial assets and liabilities into and out of Level 1 and Level 2 of the fair value hierarchy, and requires that information on purchases, sales, issuances and settlements in the rollforward of Level 3 activity be presented on a gross basis rather than on a net basis The amended guidance also provides several clarifications with respect to disclosures about the valuation techniques and inputs used to measure fair value for both recurring and nonrecurring instruments classified as either Level 2 or Level 3. We adopted the requirement for gross presentation in the Level 3 rollforward on January 1, 2011. The remaining provisions of the guidance were effective for us on January 1, 2010. Our adoption of the updated guidance did not affect our financial condition, results of operations or liquidity since it amends only the disclosure requirements for fair value measurements.

Recently Issued but Not Yet Adopted Accounting Standards

Testing Goodwill for Impairment

In September 2011, the FASB issued guidance that is intended to simplify goodwill impairment testing by providing entities with the option to first assess qualitatively whether it is necessary to perform the two-step quantitative analysis currently required. If an entity chooses to perform a qualitative assessment and determines that it is more likely than not that the fair value of a reporting period is less than its carrying amount, the quantitative two-step goodwill impairment test is required. Otherwise, goodwill is deemed to be not impaired and no further evaluation analysis would be necessary. The amended goodwill impairment guidance does not affect the manner in which a company estimates fair value. The amended guidance is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011, with early adoption permitted. We are considering early adoption for our annual goodwill impairment testing scheduled to be performed in the fourth quarter of 2011. We had $13.6 billion in goodwill as of September 30, 2011, the value of which will not be affected by the adoption of this standard.

Presentation of Comprehensive Income

In June 2011, the FASB issued new accounting guidance that revises the manner in which comprehensive income is required to be presented in financial statements. The new guidance will require companies to present the components of net income and other comprehensive income either as one continuous statement or as two consecutive statements. The guidance eliminates the option to present components of other comprehensive income in the statement of changes in stockholders' equity. It does not change the items which must be reported in other comprehensive income, how such items are measured or when they must be reclassified from other comprehensive income to net income. The guidance requires retrospective application and is effective for interim and annual periods beginning on or after December 15, 2011. We intend to adopt the guidance in the first quarter of 2012. Our adoption of the guidance will have no effect on our financial condition, results of operations or liquidity since it impacts presentation only.

Fair Value Measurement: Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards ("IFRS")

In May 2011, the FASB issued amended guidance on fair value that is intended to provide a converged fair value framework for U.S. GAAP and IFRS. The amended guidance results in a consistent definition of fair value and common requirements for measurement of and disclosure about fair value between U.S. GAAP and IFRS. While the amended guidance continues to define fair value as an exit price, it changes some fair value measurement principles and expands the existing disclosure requirements for fair value measurements. The amended guidance is effective for public entities for interim and annual periods beginning on or after December 15, 2011, with early adoption prohibited. The new guidance requires prospective application and disclosure in the period of adoption of the change, if any, in valuation techniques and related inputs resulting from application of the amendments and quantification of the total effect, if practicable. We intend to adopt the amended guidance in the first quarter of 2012, and are currently assessing the impact that the adoption will have on our consolidated financial statements.

Transfers and Servicing: Reconsideration of Effective Control for Repurchase Agreements

In April 2011, the FASB issued an amendment to the guidance for transfers and servicing with regard to repurchase agreements and other agreements that both entitle and obligate a transferor to repurchase or redeem financial assets before their maturity. This amendment removes the criterion related to collateral maintenance from the transferor's assessment of effective control. It focuses the assessment of effective control on the transferor's rights and obligations with respect to the transferred financial assets and not whether the transferor has the practical ability to perform in accordance with those rights or obligations. As a result of this amendment, we do not expect that repurchase agreements will qualify for derecognition from the transferor's financial statements and will be treated as secured borrowings. The amendment is effective prospectively for transactions or modification of existing transactions that occur on or after the first interim or annual period beginning on or after December 15, 2011. We intend to adopt the amended guidance on January 1, 2012. We do not expect that the adoption will have a material impact on our consolidated financial statements.

Acquisitions

9 Months Ended

Sep. 30, 2011

Acquisitions [Abstract]

Acquisitions

NOTE 2—ACQUISITIONS

We regularly explore opportunities to enter into strategic partnership agreements or acquire financial services companies and businesses to expand our distribution channels and grow our customer base. We may structure these transactions with both an initial payment and later contingent payments tied to future financial performance. In some partnership agreements, we may enter into collaborative risk-sharing arrangements that provide for revenue and loss sharing.

Accounting for Acquisitions

We account for acquisitions in accordance with the accounting guidance for business combinations. Under the guidance for business combinations, the accounting differs depending on whether the acquired set of activities and assets meets the definition of a business. A business is considered to be an integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing economic benefits directly to investors or other owners, members, or participants. If the acquired set of activities and assets meets the definition of a business, the transaction is accounted for as a business combination. Otherwise, it is accounted for as an asset acquisition.

In a business combination, identifiable assets acquired, liabilities assumed and any noncontrolling interest in the acquiree are recorded at fair value as of the acquisition date, with limited exceptions. Transaction costs and costs to restructure the acquired company are generally expensed as incurred. Goodwill is recognized as the excess of the acquisition price over the estimated fair value of the net assets acquired. The operating results of the acquired business are reflected in our consolidated financial statements subsequent to the date of the merger or acquisition. In an asset acquisition, the assets acquired are recorded at the purchase price plus any transaction costs incurred. Goodwill is not recognized in an asset acquisition.

Accounting for Partnership Agreements

Our partnership agreements primarily relate to alliances with third parties to provide lending and other services to co-branded and private label credit card customers. We evaluate the specific terms of each agreement to determine whether it meets the definition of a collaborative arrangement and how revenue generated from third parties, costs incurred and transactions between participants in the partnership agreement should be accounted for and reported in our consolidated financial statements. A collaborative arrangement is a contractual arrangement that involves a joint operating activity involving two or more parties that are both active participants in the activity and exposed to significant risks and rewards dependent on the economic success of the activity.

If the agreement involves payments between participants under a revenue or loss sharing arrangement, we must determine whether to report revenue or loss amounts on a gross basis or on a net basis after taking into consideration payments due to or due from participants. We evaluate the contractual provisions of each transaction and applicable accounting guidance in determining the manner in which to report the impact of revenue and loss sharing amounts in our consolidated balance sheet and the related impact on our allowance for loan and lease losses. Our consolidated net income is the same regardless of whether we record revenue or expense amounts on a gross or net basis.

2011 Acquisitions

Hudson's Bay Company Credit Card Portfolio

On January 7, 2011, in a cash transaction, we acquired the credit card portfolio of Hudson's Bay Company ("HBC"), a Canadian operation, from GE Capital Retail Finance. The acquisition and partnership with HBC significantly expands our credit card customer base in Canada, tripling the number of customer accounts, and provide an additional distribution channel. The acquisition included outstanding credit card loan receivables with a fair value of approximately $1.4 billion, and a transfer of approximately 400 employees directly involved in managing the HBC portfolio.

We accounted for the acquisition as a business combination. Accordingly, we recorded the assets acquired, including identifiable intangible assets, and liabilities assumed at their respective fair values as of the acquisition date and consolidated with our results. In connection with the acquisition, we recorded goodwill of $3 million representing the amount by which the purchase price exceeded the fair value of the net assets acquired. We also recognized a purchased credit card relationship intangible asset of $11 million at acquisition and a contract-based intangible asset of $70 million. Because the acquisition was considered to be a taxable transaction, the goodwill is deductible for tax purposes. The goodwill was assigned to the International Card reporting unit of our Credit Card segment, and the acquired loan portfolio is reflected in the operations of our International Card business.

Kohl's Credit Card Portfolio

In August 2010, we entered into a private-label credit card partnership agreement with Kohl's Department Stores ("Kohl's"). In connection with the partnership agreement, effective April 1, 2011, we acquired Kohl's existing private-label credit card loan portfolio from JPMorgan Chase & Co. The existing portfolio, which consists of more than 20 million Kohl's customer accounts, had an outstanding principal and interest balance of approximately $3.7 billion at acquisition. The partnership agreement has an initial seven-year term and an automatic one-year renewal thereafter. We accounted for the purchase as an asset acquisition.

Under the terms of the partnership agreement and in conjunction with the acquisition, we began issuing Kohl's branded private-label credit cards to new and existing Kohl's customers on April 1, 2011. Risk management decisions are jointly managed by Kohl's and us, but we retain final authority over risk management decisions. Kohl's has primary responsibility for handling customer service functions and advertising and marketing related to credit card customers.

We share a fixed percentage of revenues, consisting of finance charges and late fees, with Kohl's, and Kohl's is required to reimburse us for a fixed percentage of credit losses incurred. Revenues and losses related to the Kohl's credit card program are reported on a net basis in our consolidated financial statements. The revenue sharing amounts earned by Kohl's are reflected as an offset against our revenues in our consolidated statements of income. The loss sharing amounts from Kohl's are reflected as a reduction in our provision for loan and lease losses in our consolidated statements of income. We also report the related allowance for loan and lease losses attributable to the Kohl's portfolio in our consolidated balance sheets net of the loss sharing amount due from Kohl's.

Interest income was reduced by $206 million and $421 million in the third quarter and first nine months of 2011, respectively, for amounts earned by Kohl's. Loss sharing amounts attributable to Kohl's reduced charge-offs by $39 million and $80 million in the third quarter and first nine months of 2011, respectively. In addition, the expected reimbursement from Kohl's netted in our allowance for loan and lease losses was approximately $156 million as of September 30, 2011. The reduction in the provision for loan and lease losses attributable to Kohl's was $236 million for the first nine months of 2011.

Discontinued Operations

9 Months Ended

Sep. 30, 2011

Discontinued Operations [Abstract]

Discontinued Operations

NOTE 3—DISCONTINUED OPERATIONS

Shutdown of Mortgage Origination Operations of Wholesale Mortgage Banking Unit

In the third quarter of 2007, we closed the mortgage origination operations of our wholesale mortgage banking unit, acquired by us in December 2006 as part of the North Fork acquisition. The results of the mortgage origination operations and wholesale banking unit have been accounted for as a discontinued operation and therefore not included in our results from continuing operations for the three and nine months ended September 30, 2011 and 2010. We have no significant continuing involvement in these operations.

The following table summarizes the results from discontinued operations related to the closure of our wholesale mortgage banking unit:


	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in millions)	2011			2010			2011			2010
Net interest expense	$	0		$	0		$	0		$	(1	)
Non-interest expense		(81	)		(23	)		(159	)		(468	)

Loss from discontinued operations before taxes		(81	)		(23	)		(159	)		(469	)
Income tax benefit		29			8			57			166

Loss from discontinued operations, net of taxes	$	(52	)	$	(15	)	$	(102	)	$	(303	)

The loss from discontinued operations includes an expense of $75 million ($53 million net of tax) and $147 million ($104 million net of tax) in the third quarter and first nine months of 2011, respectively, primarily attributable to provisions for mortgage loan repurchase losses related to representations and warranties provided on loans previously sold to third parties by the wholesale banking unit. We recorded a provision for mortgage loan repurchase losses of $433 million ($308 million net of tax) in discontinued operations in the first nine months of 2010; however, we did not recognize a provision in discontinued operations in the third quarter of 2010.

The discontinued mortgage origination operations of our wholesale home loan banking unit had remaining assets of $305 million and $362 million as of September 30, 2011 and December 31, 2010, respectively, which consisted primarily of income tax receivables. Liabilities totaled $665 million and $585 million as of September 30, 2011 and December 31, 2010, respectively, consisting primarily of reserves for representations and warranties on loans previously sold to third parties.

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 43-48
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6390789&loc=d3e2443-110228

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760

Investment Securities

9 Months Ended

Sep. 30, 2011

Investment Securities

NOTE 4—INVESTMENT SECURITIES

Our investment securities portfolio, which had a fair value of $38.4 billion and $41.5 billion, as of September 30, 2011 and December 31, 2010, respectively, consists of U.S. Treasury and U.S. agency debt obligations; agency and non-agency residential and commercial mortgage-backed securities; other asset-backed securities collateralized primarily by credit card loans, auto loans, student loans, auto dealer floor plan inventory loans and leases, equipment loans, and other; municipal securities and limited Community Reinvestment Act ("CRA") equity securities. Our investment securities portfolio continues to be heavily concentrated in securities that generally have lower credit risk and high credit ratings, such as securities issued and guaranteed by the U.S. Treasury and government sponsored enterprises or agencies. Our investments in U.S. Treasury and agency securities, based on fair value, represented approximately 69% of our total investment securities portfolio as of September 30, 2011, compared with 70% as of December 31, 2010.

Securities Amortized Cost and Fair Value

All of our investment securities were classified as available-for-sale as of September 30, 2011, and are reported in our consolidated balance sheet at fair value. The following tables present the amortized cost, fair values and corresponding gross unrealized gains (losses), by major security type, for our investment securities as of September 30, 2011 and December 31, 2010. The gross unrealized gains (losses) related to our available-for-sale securities are recorded, net of tax, as a component of accumulated other comprehensive income ("AOCI"):


	September 30, 2011
(Dollars in millions)	Amortized Cost		Total Gross Unrealized Gains		Gross Unrealized Losses- OTTI⁽¹⁾			Gross Unrealized Losses- Other⁽²⁾			Total Gross Unrealized Losses			Fair Value
Securities available-for-sale:
U.S. Treasury debt obligations	$	115	$	10	$	0		$	0		$	0		$	125
U.S. Agency debt obligations⁽³⁾		166		9		0			0			0			175
Residential mortgage-backed securities ("RMBS"):
Agency⁽⁴⁾		25,139		633		0			(25	)		(25	)		25,747
Non-agency		1,405		2		(126	)		(8	)		(134	)		1,273

Total RMBS		26,544		635		(126	)		(33	)		(159	)		27,020
Commercial mortgage-backed securities ("CMBS"):
Agency⁽⁴⁾		418		11		0			0			0			429
Non-agency		400		1		0			(3	)		(3	)		398

Total CMBS		818		12		0			(3	)		(3	)		827

Asset-backed securities ("ABS")⁽⁵⁾		9,691		55		0			(12	)		(12	)		9,734
Other⁽⁶⁾		467		55		0			(3	)		(3	)		519

Total securities available-for-sale	$	37,801	$	776	$	(126	)	$	(51	)	$	(177	)	$	38,400


	December 31, 2010
(Dollars in millions)	Amortized Cost		Total Gross Unrealized Gains		Gross Unrealized Losses- OTTI⁽¹⁾			Gross Unrealized Losses- Other⁽²⁾			Total Gross Unrealized Losses			Fair Value
Securities available-for-sale:
U.S. Treasury debt obligations	$	373	$	13	$	0		$	0		$	0		$	386
U.S. Agency debt obligations⁽³⁾		301		13		0			0			0			314
Residential mortgage-backed securities ("RMBS"):
Agency⁽⁴⁾		27,980		667		0			(143	)		(143	)		28,504
Non-agency		1,826		1		(105	)		(22	)		(127	)		1,700

Total RMBS		29,806		668		(105	)		(165	)		(270	)		30,204
Commercial mortgage-backed securities ("CMBS"):
Agency⁽⁴⁾		44		1		0			0			0			45
Non-agency		0		0		0			0			0			0

Total CMBS		44		1		0			0			0			45
Asset-backed securities ("ABS")⁽⁵⁾		9,901		69		0			(4	)		(4	)		9,966
Other⁽⁶⁾		563		66		0			(7	)		(7	)		622

Total securities available-for-sale	$	40,988	$	830	$	(105	)	$	(176	)	$	(281	)	$	41,537

⁽¹⁾	Represents the amount of cumulative non-credit other-than-temporary impairment ("OTTI") losses recorded in AOCI. These losses are included in total gross unrealized losses.

⁽²⁾	Represents the amount of cumulative gross unrealized losses on securities for which we have not recognized OTTI.

⁽³⁾	Consists of debt securities issued by Fannie Mae and Freddie Mac, which had amortized cost of $165 million and $200 million as of September 30, 2011 and December 31, 2010, respectively, and fair value of $174 million and $213 million as of September 30, 2011 and December 31, 2010, respectively.

⁽⁴⁾

Consists of mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae, which had amortized cost of $12.9 billion, $8.4 billion and $4.3 billion, respectively, and fair value of $13.2 billion, $8.6 billion and $4.4 billion, respectively, as of September 30, 2011. The book value of Fannie Mae, Freddie Mac and Ginnie Mae investments exceeded 10% of our stockholders' equity as of September 30, 2011.

⁽⁵⁾

Consists of securities collateralized by credit card loans, auto dealer and floor plan inventory loans and leases, student loans, auto loans, equipment loans and other. The distribution among these asset types was approximately 73% credit card loans, 11% auto dealer floor plan inventory loans and leases, 7% auto loans, 5% student loans, 2% equipment loans, and 2% of other loans as of September 30, 2011. In comparison, the distribution was approximately 78% credit card loans, 6% auto dealer floor plan inventory loans and leases, 7% auto loans, 7% student loans, 3% equipment loans and less than 1% of home equity lines of credit as of December 31, 2010. Approximately 89% of the securities in our asset-backed security portfolio were rated AAA or its equivalent as of September 30, 2011, compared with 90% as of December 31, 2010.

⁽⁶⁾	Consists of municipal securities and equity investments related primarily to CRA activities.

Securities Available for Sale in a Gross Unrealized Loss Position

The table below provides, by major security type, information about our available-for-sale securities in a gross unrealized loss position and the length of time that individual securities have been in a continuous unrealized loss position as of September 30, 2011 and December 31, 2010:


	September 30, 2011
	Less than 12 Months					12 Months or Longer					Total
(Dollars in millions)	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Securities available-for-sale:
RMBS:
Agency⁽¹⁾		4,519		(23	)		385		(2	)		4,904		(25	)
Non-agency		156		(7	)		1,067		(127	)		1,223		(134	)

Total RMBS		4,675		(30	)		1,452		(129	)		6,127		(159	)
CMBS:
Agency⁽¹⁾		50		0			0		0			50		0
Non-agency		292		(3	)		0		0			292		(3	)

Total CMBS		342		(3	)		0		0			342		(3	)

Total ABS		1,794		(9	)		86		(3	)		1,880		(12	)
Other		86		(1	)		62		(2	)		148		(3	)

Total securities available-for-sale in a gross unrealized loss position	$	6,897	$	(43	)	$	1,600	$	(134	)	$	8,497	$	(177	)


	December 31, 2010
	Less than 12 Months					12 Months or Longer					Total
(Dollars in millions)	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Securities available-for-sale:
RMBS:
Agency⁽¹⁾		6,571		(141	)		456		(2	)		7,027		(143	)
Non-agency		45		0			1,566		(127	)		1,611		(127	)

Total RMBS		6,616		(141	)		2,022		(129	)		8,638		(270	)
CMBS:
Agency⁽¹⁾		0		0			0		0			0		0
Non-agency		0		0			0		0			0		0

Total CMBS		0		0			0		0			0		0
Total ABS		1,411		(2	)		33		(2	)		1,444		(4	)
Other		300		(1	)		80		(6	)		380		(7	)

Total securities available-for-sale in a gross unrealized loss position	$	8,327	$	(144	)	$	2,135	$	(137	)	$	10,462	$	(281	)

⁽¹⁾	Consists of mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae.

The gross unrealized losses on our available-for-sale securities of $177 million as of September 30, 2011 relate to approximately 320 individual securities. Our investments in non-agency residential MBS, non-agency commercial MBS and non-agency asset-backed securities accounted for $149 million, or 84%, of total gross unrealized losses as of September 30, 2011. Of the $177 million gross unrealized losses as of September 30, 2011, $134 million related to securities that had been in a loss position for more than 12 months. As discussed in more detail below, we conduct periodic reviews of all securities with unrealized losses to assess whether the impairment is other-than-temporary. Based on our assessments, we have recorded OTTI for a portion of our non-agency residential MBS, which is discussed in more detail later in this footnote.

Maturities and Yields of Securities Available-for-Sale

The following table summarizes the remaining scheduled contractual maturities, assuming no prepayments, of our investment securities as of September 30, 2011:


	September 30, 2011
(Dollars in millions)	Amortized Cost		Fair Value
Due in 1 year or less	$	2,651	$	2,661
Due after 1 year through 5 years		6,856		6,909
Due after 5 years through 10 years		1,613		1,646
Due after 10 years⁽¹⁾		26,681		27,184

Total	$	37,801	$	38,400

⁽¹⁾	Investments with no stated maturities, which consist of equity securities, are included with contractual maturities due after 10 years.

Because borrowers may have the right to call or prepay certain obligations, the expected maturities of our securities are likely to differ from the scheduled contractual maturities presented above. The table below summarizes, by major security type, the expected maturities and the weighted average yields of our investment securities as of September 30, 2011. Actual calls or prepayment rates may differ from our estimates, which may cause the actual maturities of our investment securities to differ from the expected maturities presented below.

September 30, 2011

Due in 1 Year
or Less

Due > 1 Year
through
5 Years

Due > 5 Years
through
10 Years

Due > 10 Years

Total

(Dollars in millions)

Amount

Average
Yield⁽¹⁾

Amount

Average
Yield⁽¹⁾

Amount

Average
Yield⁽¹⁾

Amount

Average
Yield⁽¹⁾

Amount

Average
Yield⁽¹⁾

Fair value of securities available- for-sale:

U.S. Treasury debt obligations

125

4.27

125

4.27

U.S. Agency debt obligations⁽²⁾

4.40

109

4.59

175

4.52

RMBS:

Agency⁽³⁾

956

4.96

23,368

4.21

1,423

4.23

25,747

4.24

Non-agency

187

5.07

1,056

5.83

5.70

6.58

1,273

5.72

Total RMBS

1,143

4.98

24,424

4.29

1,449

4.26

6.58

27,020

4.32

CMBS:

Agency⁽³⁾

197

2.63

157

3.13

2.25

429

2.74

Non-agency

134

3.19

264

3.90

398

3.66

Total CMBS

331

2.87

421

3.62

2.25

827

3.19

Total ABS

2,727

2.17

6,454

1.92

553

3.34

9,734

2.07

Other⁽⁴⁾

301

2.04

4.02

4.86

165

1.16

519

2.06

Total securities available for sale

4,237

2.95

31,494

3.78

2,425

3.94

244

1.70

38,400

3.69

Amortized cost of securities available-for-sale

4,217

30,985

2,407

192

37,801

⁽¹⁾	Yields are calculated based on the amortized cost of the securities.

⁽²⁾	Consists of debt securities issued by Fannie Mae and Freddie Mac.

⁽³⁾	Consists of mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae.

⁽⁴⁾	Yields of tax-exempt securities are calculated on a fully taxable-equivalent (FTE) basis.

Other-Than-Temporary Impairment

We evaluate all securities in an unrealized loss position at least quarterly, and more often as market conditions require, to assess whether the impairment is other-than-temporary. Our OTTI assessment is a subjective process requiring the use of judgments and assumptions. Accordingly, we consider a number of qualitative and quantitative criteria in our assessment, including the extent and duration of the impairment; recent events specific to the issuer and/or industry to which the issuer belongs; the payment structure of the security; external credit ratings and the failure of the issuer to make scheduled interest or principal payments; the value of underlying collateral; our intent and ability to hold the security; and current market conditions.

We assess, measure and recognize OTTI in accordance with the accounting guidance for recognition and presentation of OTTI. Under this guidance, if we determine that impairment on our debt securities is other-than-temporary and we have made the decision to sell the security or it is more likely than not that we will be required to sell the security prior to recovery of its amortized cost basis, we recognize the entire portion of the impairment in earnings. If we have not made a decision to sell the security and we do not expect that we will be required to sell the security prior to recovery of the amortized cost basis, we recognize only the credit component of OTTI in earnings. The remaining unrealized loss due to factors other than credit, or the non-credit component, is recorded in AOCI. We determine the credit component based on the difference between the security's amortized cost basis and the present value of its expected future cash flows, discounted based on the purchase yield. The non-credit component represents the difference between the security's fair value and the present value of expected future cash flows.

The following table summarizes other-than-temporary impairment losses on debt securities recognized in earnings for the three and nine months ended September 30, 2011 and 2010:


	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in millions)	2011			2010			2011			2010
Total OTTI losses	$	33		$	39		$	83		$	116
Less: Non-credit component of OTTI losses recorded in OCI		(27	)		(34	)		(68	)		(54	)

Net OTTI losses recognized in earnings	$	6		$	5		$	15		$	62

As indicated in the table above, we recorded credit related losses in earnings totaling $6 million and $5 million for the three months ended September 30, 2011 and 2010, respectively, and $15 million and $62 million for the nine months ended September 30, 2011 and 2010, respectively. The cumulative non-credit related portion of OTTI on these securities recorded in AOCI totaled $126 million and $105 million as of September 30, 2011 and December 31, 2010, respectively. We estimate the portion of loss attributable to credit using a discounted cash flow model, and we estimate the expected cash flows from the underlying collateral using industry-standard third party modeling tools. These tools take into consideration security specific delinquencies, product specific delinquency roll rates and expected severities. Key assumptions used in estimating the expected cash flows include default rates, loss severity and prepayment rates. Assumptions used can vary widely based on the collateral underlying the securities and are influenced by factors such as collateral type, loan interest rate, geographical location of the borrower, and other borrower characteristics.

We believe the gross unrealized losses related to all other securities of $51 million as of September 30, 2011 are attributable to changes in market interest rates and asset spreads. Therefore, we currently do not expect to incur credit losses related to these securities. In addition, we have no intent to sell these securities with unrealized losses and it is not more likely than not that we will be required to sell these securities prior to recovery of the amortized cost. Accordingly, we have concluded that the impairment on these securities as of September 30, 2011 is not other-than-temporary.

The table below presents activity for the three and nine months ended September 30, 2011 and 2010, related to the credit component of OTTI recognized in earnings on investment debt securities for which a portion of the OTTI loss, the non-credit component, was recorded in AOCI:


	Three Months Ended September 30,					Nine Months Ended September 30,
(Dollars in millions)	2011			2010		2011			2010
Beginning balance	$	56		$	41	$	49		$	32
Additions for the credit component of OTTI on debt securities for which OTTI losses were not previously recognized		0			3		3			10	⁽²⁾
Additions for the credit component of OTTI on debt securities for which OTTI losses were previously recognized		6			2		12			16
Reductions related to debt securities for which the credit component previously recorded in AOCI was recognized in earnings because of our intent to sell the securities and for securities sold during the period⁽¹⁾		(1	)		0		(3	)		(12	)

Ending balance	$	61		$	46	$	61		$	46

⁽¹⁾

For the three and nine months ended September 30, 2011, there were no OTTI losses recognized in earnings on securities for which no portion of the OTTI losses remained in AOCI. For the nine months ended September 30, 2010, we recognized $36 million, on securities for which no portion of the OTTI losses remained in AOCI.

⁽²⁾	Includes $4 million of OTTI losses recognized in earnings in the first quarter of 2010 on negative amortization bonds classified as held to maturity.

AOCI, Net of Taxes, Related to Securities Available for Sale

The table below presents the changes in AOCI, net of taxes, related to our available-for-sale securities. The net unrealized gains (losses) represent the fair value adjustments recorded on available-for-sale securities, net of tax, during the period. The net reclassification adjustment for net realized losses (gains) represents the amount of those fair value adjustments, net of tax, that were recognized in earnings due to the sale of an available-for-sale security or the recognition of an other-than-temporary impairment loss.


	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in millions)	2011			2010			2011			2010
Beginning balance AOCI related to securities available for sale, net of tax⁽¹⁾	$	478		$	674		$	369		$	186
Net unrealized gains (losses), net of tax⁽²⁾		41			(77	)		150			437
Net realized losses (gains) reclassified from AOCI into earnings, net of tax⁽³⁾		(121	)		(11	)		(121	)		(37	)

Ending balance AOCI related to securities available for sale, net of tax	$	398		$	586		$	398		$	586

⁽¹⁾	Net of tax benefit (expense) of $(263) million and $(371) million for the three months ended September 30, 2011 and 2010, respectively, and $(203) million and $(102) million for the nine months ended September 30, 2011 and 2010, respectively.

⁽²⁾	Net of tax benefit (expense) of $(23) million and $42 million for the three months ended September 30, 2011 and 2010, respectively, and $(83) million and $(241) million for the nine months ended September 30, 2011 and 2010, respectively.

⁽³⁾	Net of tax (benefit) expense of $67 million and $6 million for the three months ended September 30, 2011 and 2010, respectively, and $67 million and $20 million for the nine months ended September 30, 2011 and 2010, respectively.

Realized Gains and Losses on Securities Available for Sale

The following table presents the gross realized gains and losses on the sale and redemption of available-for-sale securities recognized in earnings for the three and nine months ended September 30, 2011 and 2010. The gross realized investment losses presented below exclude credit losses recognized in earnings attributable to OTTI. We also present the proceeds from the sale of available-for-sale investment securities for the periods presented. We sold approximately $6.4 billion of investment securities, consisting predominantly of agency MBS, during the third quarter of 2011. We recorded a gain of $239 million on the sale of these securities.


	Three Months Ended September 30,					Nine Months Ended September 30,
(Dollars in millions)	2011		2010			2011			2010
Gross realized investment gains	$	239	$	27		$	253		$	135
Gross realized investment losses		0		(1	)		(3	)		(1	)

Net realized gains	$	239	$	26		$	250		$	134

Total proceeds from sales	$	6,409	$	2,417		$	8,979		$	11,478

Securities Pledged

As part of our liquidity management strategy, we pledge securities to secure borrowings from the Federal Home Loan Bank ("FHLB") and the Federal Reserve Bank. We also pledge securities to secure trust and public deposits and for other purposes as required or permitted by law. We pledged securities with a fair value of $8.9 billion and $10.0 billion as of September 30, 2011 and December 31, 2010, respectively. We pledged $352 million and $229 million of cash collateral as of September 30, 2011 and December 31, 2010, respectively. The cash collateral related to securities borrowed was $9 million as of September 30, 2011, with the remainder related to derivative counterparties. All of the cash collateral pledged as of December 31, 2010 related to derivative counterparties.

Tabular disclosure of available-for-sale securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-1
-Paragraph 21
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 17
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 19, 20, 21
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27337-111563

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27198-111563

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803

Loans

9 Months Ended

Sep. 30, 2011

Loans [Abstract]

Loans

NOTE 5—LOANS

Loan Portfolio Composition

Our total loan portfolio consists of loans we own and loans underlying our securitization trusts. The table below presents the composition of our held-for-investment loan portfolio, including restricted loans for securitization investors, as of September 30, 2011 and December 31, 2010. Our loan portfolio consists of credit card, consumer banking and commercial banking loans. Credit card loans consist of domestic and international loans as well as installment loans. Consumer banking loans consist of automobile, home, and retail banking loans. Commercial banking loans consist of commercial and multifamily real estate, middle market, specialty lending and small-ticket commercial real estate loans.


(Dollars in millions)	September 30, 2011		December 31, 2010
Credit Card business:
Domestic credit card loans	$	51,510	$	49,979
International credit card loans		8,210		7,513

Total credit card loans		59,720		57,492

Domestic installment loans		2,310		3,870
International installment loans		0		9

Total installment loans		2,310		3,879

Total credit card		62,030		61,371

Consumer Banking business:
Automobile		20,422		17,867
Home loans		10,916		12,103
Other retail		4,014		4,413

Total consumer banking		35,352		34,383

Commercial Banking business:
Commercial and multifamily real estate⁽¹⁾		14,389		13,396
Middle market		11,924		10,484
Specialty lending		4,221		4,020

Total commercial lending		30,534		27,900
Small-ticket commercial real estate		1,571		1,842

Total commercial banking		32,105		29,742
Other:
Other loans		465		451

Total loans	$	129,952	$	125,947

⁽¹⁾	Includes construction loans and land development loans totaling $2.2 billion as of September 30, 2011 and $2.4 billion as of December 31, 2010.

Credit Quality

We closely monitor economic conditions and loan performance trends to manage and evaluate our exposure to credit risk. Trends in delinquency ratios are an indicator, among other considerations, of credit risk within our loan portfolios. The level of nonperforming assets represents another indicator of the potential for future credit losses. Accordingly, key metrics we track and use in evaluating the credit quality of our loan portfolio include delinquency and nonperforming asset rates, as well as charge-off rates and our internal risk ratings of commercial loans.

Delinquent and Nonperforming Loans

The entire balance of a loan is considered contractually delinquent if the minimum required payment is not received by the first statement cycle date equal to or following the due date specified on the customer's billing statement. Delinquency is reported on loans that are 30 or more days past due. Interest and fees continue to accrue on past due loans until the date the loan is placed on nonaccrual status, if applicable. We generally place loans on nonaccrual status when we believe the collectability of interest and principal is not reasonably assured.

Nonperforming loans generally include loans that have been placed on nonaccrual status and certain restructured loans whose contractual terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulty. We do not report loans held for sale as nonperforming. Our policies for classifying loans as nonperforming, by loan category, are as follows:

•

Credit card loans: As permitted by regulatory guidance issued by the Federal Financial Institutions Examination Council ("FFIEC"), our policy is generally to exempt credit card loans from being classified as nonperforming as these loans are generally charged-off in the period the account becomes 180 days past due. Consistent with industry conventions, we generally continue to accrue interest and fees on delinquent credit card loans until the loans are charged-off. When we do not expect full payment of billed finance charges and fees, we reduce the balance of the credit card loan by the estimated uncollectible portion of any billed finance charges and fees and exclude this amount from revenue. Installment loans are included in our credit card segment and classified as nonperforming when the loan is 120 days past due.

•

Consumer banking loans: We classify other non-credit card consumer loans as nonperforming at the earlier of the date when we determine that the collectability of interest or principal on the loan is not reasonably assured or in the period in which the loan becomes 90 days past due for automobile, home loans and unsecured small business revolving lines of credit and 120 days past due for all other non-credit card consumer loans.

•

Commercial banking loans: We classify commercial loans as nonperforming when we determine that the collectability of interest or principal on the loan is not reasonably assured.

•

Modified loans and troubled debt restructurings: Modified loans, including TDRs, that are current at the time of the restructuring remain on accrual status if there is demonstrated performance prior to the restructuring and continued performance under the modified terms is expected. Otherwise, the modified loan is classified as nonperforming and placed on nonaccrual status until the borrower demonstrates a sustained period of performance over several payment cycles, generally six months of consecutive payments, under the modified terms of the loan.

•

Purchased credit-impaired ("PCI") loans: PCI loans primarily include loans acquired from Chevy Chase Bank, which we recorded at fair value at acquisition. Because the initial fair value of these loans included an estimate of credit losses expected to be realized over the remaining lives of the loans, our subsequent accounting for PCI loans differs from the accounting for non-PCI loans. We, therefore, separately track and report PCI loans and exclude these loans from our delinquency and nonperforming loan statistics.

Interest and fees accrued but not collected at the date a loan is placed on nonaccrual status are reversed against earnings. In addition, the amortization of net deferred loan fees is suspended. Interest and fee income is subsequently recognized only upon the receipt of cash payments. However, if there is doubt regarding the ultimate collectability of loan principal, all cash received is applied against the principal balance of the loan. Nonaccrual loans are generally returned to accrual status when all principal and interest is current and repayment of the remaining contractual principal and interest is reasonably assured or when the loan is both well-secured and in the process of collection and collectability is no longer doubtful.

The following table summarizes the payment status of loans in our total loan portfolio, including an aging of delinquent loans, loans 90 days or more past due continuing to accrue interest and loans classified as nonperforming. We present information below on the credit performance of our loan portfolio, by major loan category, including key metrics that we use in tracking changes in the credit quality of each of our loan portfolios. The delinquency aging includes all past due loans, both performing and nonperforming, as of September 30, 2011 and December 31, 2010.

Loans 90 days or more past due totaled approximately $2.0 billion and $2.2 billion as of September 30, 2011 and December 31, 2010, respectively. Loans classified as nonperforming totaled $1.2 billion as of both September 30, 2011 and December 31, 2010.


	September 30, 2011
(Dollars in millions)	Current			30-59 Days			60-89 Days			> 90 Days			Total Delinquent Loans			PCI Loans			Total Loans			> 90 Days and Accruing⁽¹⁾			Nonperforming Loans⁽¹⁾
Credit card:
Domestic credit card and installment loans	$	51,858		$	612		$	435		$	915		$	1,962		$	0		$	53,820		$	915		$	0
International credit card and installment loans		7,771			141			104			194			439			0			8,210			194			0

Total credit card		59,629			753			539			1,109			2,401			0			62,030			1,109			0

Consumer Banking:
Auto		18,979			919			376			92			1,387			56			20,422			0			92
Home loans		6,137			75			41			381			497			4,282			10,916			0			495
Retail banking		3,884			29			13			43			85			45			4,014			2			79

Total consumer banking		29,000			1,023			430			516			1,969			4,383			35,352			2			666

Commercial Banking:
Commercial and multifamily real estate		13,895			46			68			219			333			161			14,389			32			287
Middle market		11,518			8			1			67			76			330			11,924			5			116
Specialty lending		4,180			17			6			18			41			0			4,221			3			35

Total commercial lending		29,593			71			75			304			450			491			30,534			40			438
Small-ticket commercial real estate		1,508			39			6			18			63			0			1,571			0			21

Total commercial banking		31,101			110			81			322			513			491			32,105			40			459

Other:
Other loans		402			18			5			40			63			0			465			0			47

Total	$	120,132		$	1,904		$	1,055		$	1,987		$	4,946		$	4,874		$	129,952		$	1,151		$	1,172

% of Total loans		92.4	%		1.5	%		0.8	%		1.5	%		3.8	%		3.8	%		100.0	%		0.9	%		0.9	%


	December 31, 2010
(Dollars in millions)	Current			30-59 Days			60-89 Days			> 90 Days			Total Delinquent Loans			PCI Loans			Total Loans			> 90 Days and Accruing⁽¹⁾			Nonperforming Loans⁽¹⁾
Credit card:
Domestic credit card and installment loans	$	51,649		$	558		$	466		$	1,176		$	2,200		$	0		$	53,849		$	1,176		$	0
International credit card and installment loans		7,090			132			97			203			432			0			7,522			203			0

Total credit card		58,739			690			563			1,379			2,632			0			61,371			1,379			0

Consumer Banking:
Auto		16,414			952			402			99			1,453			0			17,867			0			99
Home loans		6,707			65			44			395			504			4,892			12,103			0			486
Retail banking		4,218			31			22			40			93			102			4,413			5			91

Total consumer banking		27,339			1,048			468			534			2,050			4,994			34,383			5			676

Commercial Banking:
Commercial and multifamily real estate		12,816			118			31			153			302			278			13,396			14			276
Middle market		10,113			34			5			50			89			282			10,484			0			133
Specialty lending		3,962			25			7			26			58			0			4,020			0			48

Total commercial lending		26,891			177			43			229			449			560			27,900			14			457
Small-ticket commercial real estate		1,711			74			24			33			131			0			1,842			0			38

Total commercial banking		28,602			251			67			262			580			560			29,742			14			495

Other:
Other loans		382			19			5			45			69			0			451			0			54

Total	$	115,062		$	2,008		$	1,103		$	2,220		$	5,331		$	5,554		$	125,947		$	1,398		$	1,225

% of Total loans		91.4	%		1.6	%		0.9	%		1.7	%		4.2	%		4.4	%		100.0	%		1.1	%		1.0	%

⁽¹⁾	Purchased credit-impaired loans are excluded from loans reported as 90 days or more past due and still accruing interest and nonperforming loans.

Charge-Offs

Net charge-offs consist of the unpaid principal balance of loans held for investment that we determine are uncollectible, net of recovered amounts. We exclude accrued and unpaid finance charges and fees and fraud losses from charge-offs. Charge-offs are recorded as a reduction to the allowance for loan and lease losses and subsequent recoveries of previously charged-off amounts are credited to the allowance for loan and lease losses. Costs incurred to recover charged-off loans are recorded as collection expense and included in our consolidated statements of income as a component of other non-interest expense. Our charge-off time frame for loans, which varies based on the loan type, is presented below.

•

Credit card loans: We generally charge-off credit card loans when the account is 180 days past due from the statement cycle date. Credit card loans in bankruptcy are charged-off within 30 days of receipt of a complete bankruptcy notification from the bankruptcy court, except for U.K. credit card loans, which are charged-off within 60 days. Credit card loans of deceased account holders are charged-off within 60 days of receipt of notification.

•

Consumer banking loans: We generally charge-off consumer loans at the earlier of the date when the account is a specified number of days past due or upon repossession of the underlying collateral. Our charge-off time frame is 180 days for mortgage loans and unsecured small business lines of credit and 120 days for auto and other non-credit card consumer loans. We calculate the charge-off amount for mortgage loans based on the difference between our recorded investment in the loan and the fair value of the underlying property and estimated selling costs as of the date of the charge-off. We update our home value estimates on a regular basis and recognize additional charge-offs for declines in home values below our initial fair value and selling cost estimate at the date mortgage loans are charged-off. Consumer loans in bankruptcy, except for auto and mortgage loans, generally are charged-off within 40 days of receipt of notification from the bankruptcy court. Auto and home loans in bankruptcy are charged-off in the period that the loan is both 60 days or more past due and 60 days or more past the bankruptcy notification date or in the period the loan becomes 120 days past due for auto loans and 180 days past due for mortgage loans regardless of the bankruptcy notification date. Consumer loans of deceased account holders are charged-off within 60 days of receipt of notification.

•

Commercial banking loans: We charge-off commercial loans in the period we determine that the unpaid principal loan amounts are uncollectible.

•

Purchased credit-impaired loans: We do not record charge-offs on PCI loans that are performing in accordance with or better than our expectations as of the date of acquisition, as the fair values of these loans already reflect a credit component. We record charge-offs on purchased credit-impaired loans only if actual losses exceed estimated losses incorporated into the fair value recorded at acquisition.

Credit Card

Our credit card loan portfolio is generally highly diversified across millions of accounts and multiple geographies without significant individual exposures. We, therefore, generally manage credit risk on a portfolio basis. The risk in our credit card portfolio is correlated with broad economic trends, such as unemployment rates, gross domestic product ("GDP") growth, and home values, as well as customer liquidity, which can have a material effect on credit performance. The primary factors we assess in monitoring the credit quality and risk of our credit card portfolio are delinquency and charge-off trends, including an analysis of the migration of loans between delinquency categories over time. The table below displays the geographic profile of our credit card loan portfolio and delinquency statistics as of September 30, 2011 and December 31, 2010. We also present comparative net charge-offs for the three and nine months ended September 30, 2011 and 2010.

Credit Card: Risk Profile by Geographic Region and Delinquency Status


	September 30, 2011					December 31, 2010
(Dollars in millions)	Amount		% of Total⁽¹⁾			Amount		% of Total⁽¹⁾
Domestic card and installment loans:
California	$	6,128		9.9	%	$	6,242		10.2	%
Texas		3,572		5.7			3,633		5.9
New York		3,658		5.9			3,599		5.8
Florida		3,201		5.2			3,298		5.4
Illinois		2,524		4.1			2,403		3.9
Pennsylvania		2,422		3.9			2,389		3.9
Ohio		2,168		3.5			2,109		3.4
New Jersey		2,045		3.3			1,971		3.2
Michigan		1,754		2.8			1,716		2.8
Other		26,348		42.5			26,489		43.2

Total domestic card and installment loans		53,820		86.8	%		53,849		87.7	%

International card and installment loans:
United Kingdom		3,879		6.2			4,102		6.7
Canada		4,331		7.0			3,420		5.6

Total international card and installment loans		8,210		13.2			7,522		12.3	%

Total credit card	$	62,030		100.0	%	$	61,371		100.0	%

Selected credit metrics:
30+ day delinquencies⁽²⁾	$	2,401		3.87	%	$	2,632		4.29	%
90+ day delinquencies⁽²⁾		1,109		1.79			1,379		2.25


	Three Months Ended September 30,										Nine Months Ended September 30,
	2011					2010					2011					2010
(Dollars in millions)	Amount		Rate			Amount		Rate			Amount		Rate			Amount		Rate
Net charge-offs:
Domestic	$	527		3.92	%	$	1,112		8.23	%	$	1,969		4.94	%	$	3,940		9.43	%
International		134		6.15			139		7.60			414		6.31			468		8.28

Total⁽³⁾	$	661		4.23	%	$	1,251		8.16	%	$	2,383		5.13	%	$	4,408		9.30	%

⁽¹⁾	Percentages by geographic region within the domestic and international credit card portfolios are calculated based on the total held for investment credit card and installment loans as of the end of the reported period.

⁽²⁾

Delinquency rates calculated by dividing delinquent credit card and installment loans by the total balance of credit card and installment loans held for investment as of the end of the reported period. The balance of credit card loans includes accrued finance charges and fees, net of the estimated uncollectible finance charge and fee reserve.

⁽³⁾	Calculated by dividing annualized net charge-offs by average credit card loans held for investment during the three and nine months ended September 30, 2011 and 2010.

The 30+ day delinquency rate for our credit card loan portfolio decreased to 3.87% as of September 30, 2011, from 4.29% as of December 31, 2010, reflecting strong underlying credit improvement trends. The September 30, 2011 30+ day delinquency rate for Domestic Card reflects the impact of a revision we made in the third quarter of 2011 in the way we estimate recoveries in determining the uncollectible amount of finance charges and fees, which resulted in an increase of 11 basis points as of September 30, 2011. For International Card, the change did not have a significant impact on the 30+ day delinquency rate as of September 30, 2011.

Consumer Banking

Our consumer banking loan portfolio consists of auto, home loan and retail banking loans. Similar to our credit card loan portfolio, the risk in our consumer banking loan portfolio is correlated with broad economic trends, such as unemployment rates, GDP growth, and home values, as well as customer liquidity, which can have a material effect on credit performance. Delinquency, nonperforming loans and charge-off trends are key factors we assess in monitoring the credit quality and risk of our consumer banking loan portfolio. The table below displays the geographic profile of our consumer banking loan portfolio, including PCI loans acquired from Chevy Chase Bank. We also present the delinquency and nonperforming loan rates of our consumer banking loan portfolio, excluding PCI loans as of September 30, 2011 and December 31, 2010, and net charge-offs for the three and nine months ended September 30, 2011 and 2010.

Consumer Banking: Risk Profile by Geographic Region, Delinquency Status and Performing Status

September 30, 2011

Non-PCI Loans

PCI Loans

Total

(Dollars in millions)

Loans

% of
Total⁽¹⁾

Loans

% of
Total⁽¹⁾

Loans

% of
Total⁽¹⁾

Auto:

Texas

3,727

10.6

0.0

3,727

10.6

California

1,620

4.6

0.0

1,620

4.6

Louisiana

1,380

3.9

0.0

1,380

3.9

Florida

1,118

3.2

0.0

1,118

3.2

Georgia

1,066

3.0

0.0

1,066

3.0

New York

929

2.6

0.0

929

2.6

Illinois

925

2.6

0.0

925

2.6

Other

9,601

27.1

0.2

9,657

27.3

Total auto

20,366

57.6

0.2

20,422

57.8

Home loans:

New York

1,799

5.1

279

0.8

2,078

5.9

California

822

2.3

1,283

3.6

2,105

5.9

Louisiana

1,711

4.8

0.0

1,713

4.8

Maryland

275

0.8

570

1.6

845

2.4

Virginia

191

0.5

551

1.6

742

2.1

New Jersey

354

1.0

261

0.7

615

1.7

Other

1,482

4.3

1,336

3.7

2,818

8.0

Total home loans

6,634

18.8

4,282

12.0

10,916

30.8

Retail banking:

Louisiana

1,583

4.5

0.0

1,583

4.5

Texas

965

2.7

0.0

965

2.7

New York

897

2.5

0.0

897

2.5

New Jersey

298

0.8

0.0

298

0.8

Maryland

0.2

0.1

0.3

Virginia

0.1

0.2

Other

130

0.4

0.0

138

0.4

Total retail banking

3,969

11.2

0.2

4,014

11.4

Total consumer banking

30,969

87.6

4,383

12.4

35,352

100.0

September 30, 2011

Auto

Home Loan

Retail Banking

Total Consumer
Banking

(Dollars in millions)

Amount

Rate

Amount

Rate

Amount

Rate

Amount

Rate

Credit performance:⁽²⁾

30+ day delinquencies

1,387

6.79

497

4.55

2.12

1,969

5.57

90+ day delinquencies

0.45

381

3.49

1.07

516

1.46

Nonperforming loans

0.45

495

4.54

1.97

666

1.88


	December 31, 2010
	Non-PCI Loans					PCI Loans					Total
(Dollars in millions)	Loans		% of Total⁽¹⁾			Loans		% of Total⁽¹⁾			Loans		% of Total⁽¹⁾
Auto:
Texas	$	3,161		9.2	%	$	0		0.0	%	$	3,161		9.2	%
California		1,412		4.1			0		0.0			1,412		4.1
Louisiana		1,334		3.9			0		0.0			1,334		3.9
Florida		954		2.8			0		0.0			954		2.8
Georgia		908		2.6			0		0.0			908		2.6
New York		894		2.6			0		0.0			894		2.6
Illinois		843		2.5			0		0.0			843		2.5
Other		8,361		24.3			0		0.0			8,361		24.3

Total auto	$	17,867		52.0	%	$	0		0.0	%	$	17,867		52.0	%

Home loan:
New York	$	2,069		6.0	%	$	311		0.9	%	$	2,380		6.9	%
California		959		2.8			1,380		4.0			2,339		6.8
Louisiana		1,776		5.2			2		0.0			1,778		5.2
Maryland		281		0.8			605		1.8			886		2.6
Virginia		200		0.6			591		1.7			791		2.3
New Jersey		423		1.2			278		0.8			701		2.0
Other		1,503		4.4			1,725		5.0			3,228		9.4

Total home loans	$	7,211		21.0	%	$	4,892		14.2	%	$	12,103		35.2	%

Retail banking:
Louisiana	$	1,754		5.1	%	$	0		0.0	%	$	1,754		5.1	%
Texas		1,125		3.3			0		0.0			1,125		3.3
New York		909		2.6			0		0.0			909		2.6
New Jersey		357		1.0			0		0.0			357		1.0
Maryland		58		0.2			31		0.1			89		0.3
Virginia		35		0.1			17		0.1			52		0.2
Other		73		0.2			54		0.1			127		0.3

Total retail banking	$	4,311		12.5	%	$	102		0.3	%	$	4,413		12.8	%

Total consumer banking	$	29,389		85.5	%	$	4,994		14.5	%	$	34,383		100.0	%


	December 31, 2010
	Auto					Home Loan					Retail Banking					Total Consumer Banking
(Dollars in millions)	Amount		Rate			Amount		Rate			Amount		Rate			Amount		Rate
Credit performance:⁽²⁾
30+ day delinquencies	$	1,453		8.13	%	$	504		4.16	%	$	93		2.11	%	$	2,050		5.96	%
90+ day delinquencies		99		0.55			395		3.27			40		0.91			534		1.54
Nonperforming loans		99		0.55			486		4.01			91		2.07			676		1.97

Three Months Ended September 30, 2011

Auto

Home Loan

Retail Banking

Total Consumer
Banking

(Dollars in millions)

Amount

Rate

Amount

Rate

Amount

Rate

Amount

Rate

Net charge-offs⁽³⁾

1.69

0.53

1.67

115

1.32



	Three Months Ended September 30, 2010
	Auto					Home Loans					Retail Banking					Total Consumer Banking
(Dollars in millions)	Amount		Rate			Amount		Rate			Amount		Rate			Amount		Rate
Net charge-offs⁽³⁾	$	118		2.71	%	$	13		0.41	%	$	26		2.20	%	$	157		1.79	%

Nine Months Ended September 30, 2011

Auto

Home Loans

Retail Banking

Total Consumer
Banking

(Dollars in millions)

Amount

Rate

Amount

Rate

Amount

Rate

Amount

Rate

Net charge-offs⁽³⁾

224

1.58

0.61

1.91

336

1.30



	Nine Months Ended September 30, 2010
	Auto					Home Loans					Retail Banking					Total Consumer Banking
(Dollars in millions)	Amount		Rate			Amount		Rate			Amount		Rate			Amount		Rate
Net charge-offs⁽³⁾	$	340		2.59	%	$	65		0.62	%	$	78		2.14	%	$	483		1.77	%

⁽¹⁾	Percentages by geographic region are calculated based on the total held-for-investment consumer banking loans as of the end of the reported period.

⁽²⁾

Credit performance statistics exclude PCI loans, which were recorded at fair value at acquisition. Although PCI loans may be contractually delinquent, we separately track these loans and do not include them in our delinquency and nonperforming loan statistics as the fair value recorded at acquisition included an estimate of credit losses expected to be realized over the remaining lives of the loans.

⁽³⁾	Calculated by dividing annualized net charge-offs by average loans held for investment for the three and nine months ended September 30, 2011 and 2010.

Home Loan

Our home loan portfolio consists of both first-lien and second-lien residential mortgage loans. In evaluating the credit quality and risk of our home loans portfolio, we continually monitor a variety of mortgage loan characteristics that may affect the default experience on our overall home loans portfolio, such as vintage, geographic concentrations, lien priority and product type. Certain loan concentrations have experienced higher delinquency rates as a result of the significant decline in home prices since the home price peak in 2006 and rise in unemployment. These loan concentrations include loans originated during 2008, 2007 and 2006 in an environment of decreasing home sales, broadly declining home prices and more relaxed underwriting standards and loans on properties in Arizona, California, Florida and Nevada, which have experienced the most severe decline in home prices. The following table presents the distribution of our home loans portfolio as of September 30, 2011 and December 31, 2010 based on selected key risk characteristics.

Home Loans: Risk Profile by Vintage, Geography, Lien Priority and Interest Rate Type

September 30, 2011

Non-PCI Loans

PCI Loans

Total Home Loans

(Dollars in millions)

Amount

% of
Total⁽¹⁾

Amount

% of
Total⁽¹⁾

Amount

% of
Total⁽¹⁾

Origination year:

< = 2005

4,294

39.3

1,592

14.6

5,886

53.9

2006

753

6.9

981

9.0

1,734

15.9

2007

565

5.2

1,324

12.1

1,889

17.3

2008

273

2.5

310

2.8

583

5.3

2009

237

2.2

0.2

258

2.4

2010

295

2.7

0.4

340

3.1

2011

217

2.0

0.1

226

2.1

Total

6,634

60.8

4,282

39.2

10,916

100.0

Geographic concentration:⁽²⁾

New York

1,799

16.5

279

2.6

2,078

19.1

California

822

7.5

1,283

11.8

2,105

19.3

Louisiana

1,711

15.7

0.0

1,713

15.7

Maryland

275

2.5

570

5.2

845

7.7

Virginia

191

1.8

551

5.0

742

6.8

New Jersey

354

3.2

261

2.4

615

5.6

Texas

478

4.4

0.3

508

4.7

Florida

123

1.1

261

2.4

384

3.5

District of Columbia

0.6

145

1.3

208

1.9

Washington

0.6

101

0.9

164

1.5

Connecticut

0.8

0.7

163

1.5

Other

670

6.1

721

6.6

1,391

12.7

Total

6,634

60.8

4,282

39.2

10,916

100.0

Lien type:

1^st lien

5,495

50.3

3,789

34.7

9,284

85.0

2^nd lien

1,139

10.5

493

4.5

1,632

15.0

Total

6,634

60.8

4,282

39.2

10,916

100.0

Interest rate type:

Fixed rate

2,856

26.2

0.8

2,947

27.0

Adjustable rate

3,778

34.6

4,191

38.4

7,969

73.0

Total

6,634

60.8

4,282

39.2

10,916

100.0


	December 31, 2010
	Non-PCI Loans					PCI Loans					Total Home Loans
(Dollars in millions)	Amount		% of Total⁽¹⁾			Amount		% of Total⁽¹⁾			Amount		% of Total⁽¹⁾
Origination year:
< = 2005	$	4,801		39.7	%	$	1,852		15.3	%	$	6,653		55.0	%
2006		848		7.0			1,133		9.3			1,981		16.3
2007		609		5.0			1,527		12.6			2,136		17.6
2008		305		2.5			371		3.1			676		5.6
2009		288		2.4			9		0.1			297		2.5
2010		360		3.0			0		0.0			360		3.0

Total	$	7,211		59.6	%	$	4,892		40.4	%	$	12,103		100.0	%

Geographic concentration:⁽²⁾
New York	$	2,069		17.1	%	$	311		2.6	%	$	2,380		19.7	%
California		959		7.9			1,380		11.4			2,339		19.3
Louisiana		1,776		14.7			2		0.0			1,778		14.7
Maryland		281		2.3			605		5.0			886		7.3
Virginia		200		1.7			591		4.9			791		6.6
New Jersey		423		3.5			278		2.3			701		5.8
Texas		491		4.1			32		0.3			523		4.4
Florida		139		1.1			290		2.4			429		3.5
District of Columbia		77		0.6			149		1.2			226		1.8
Connecticut		110		0.9			85		0.7			195		1.6
Other		686		5.7			1,169		9.6			1,855		15.3

Total	$	7,211		59.6	%	$	4,892		40.4	%	$	12,103		100.0	%

Lien type:
1^st lien	$	6,015		49.7	%	$	4,303		35.5	%	$	10,318		85.2	%
2^nd lien		1,196		9.9			589		4.9			1,785		14.8

Total	$	7,211		59.6	%	$	4,892		40.4	%	$	12,103		100.0	%

Interest rate type:
Fixed rate	$	3,548		29.3	%	$	182		1.5	%	$	3,730		30.8	%
Adjustable rate		3,663		30.3			4,710		38.9			8,373		69.2

Total	$	7,211		59.6	%	$	4,892		40.4	%	$	12,103		100.0	%

⁽¹⁾	Percentages within each risk category calculated based on total held for investment home loans.

⁽²⁾	Represents the top ten states in which we have the highest concentration of home loans.

Commercial Banking

We evaluate the credit risk of commercial loans individually and use a risk-rating system to determine the credit quality of our commercial loans. We assign internal risk grades to loans based on relevant information about the ability of borrowers to service their debt. In determining the risk rating of a particular loan, among the factors considered are the borrower's current financial condition, historical credit performance, projected future credit performance, prospects for support from financially responsible guarantors, the estimated realizable value of any collateral and current economic trends. The ratings scale based on our internal risk-rating system is as follows:

•

Noncriticized: Loans that have not been designated as criticized, frequently referred to as "pass" loans.

•

Criticized performing: Loans in which the financial condition of the obligor is stressed, affecting earnings, cash flows or collateral values. The borrower currently has adequate capacity to meet near-term obligations; however, the stress, left unabated, may result in deterioration of the repayment prospects at some future date.

•

Criticized nonperforming: Loans that are not adequately protected by the current sound worth and paying capacity of the obligor or the collateral pledged, if any. Loans classified as criticized nonperforming have a well-defined weakness, or weaknesses, which jeopardize the repayment of the debt. These loans are characterized by the distinct possibility that we will sustain a credit loss if the deficiencies are not corrected.

We use our internal risk-rating system for regulatory reporting, determining the frequency of review of the credit exposures and evaluation and determination of the allowance for commercial loans. Loans of $1 million or more designated as criticized performing and criticized nonperforming are reviewed quarterly by management for further deterioration or improvement to determine if they are appropriately classified/graded and whether impairment exists. All other loans greater than $1 million are specifically reviewed at least annually to determine the appropriate loan grading. In addition, during the renewal process of any loan, as well if a loan becomes past due, we evaluate the risk rating.

The following table presents the geographic distribution and internal risk ratings of our commercial loan portfolio as of September 30, 2011 and December 31, 2010.

Commercial Banking: Risk Profile by Geographic Region and Internal Risk Rating⁽¹⁾

September 30, 2011

(Dollars in millions)

Commercial
&
Multifamily
Real Estate

% of
Total⁽²⁾

Middle
Market

% of
Total⁽²⁾

Specialty
Lending

% of
Total⁽²⁾

Small-ticket
Commercial
Real Estate

% of
Total⁽²⁾

Total
Commercial

% of
Total⁽²⁾

Geographic concentration:⁽³⁾

Non-PCI loans:

Northeast

11,450

79.6

3,565

29.9

1,590

37.7

974

62.0

17,579

54.8

Mid-Atlantic

913

6.4

544

4.5

191

4.5

3.9

1,710

5.3

South

1,531

10.6

6,876

57.7

756

17.9

6.1

9,258

28.8

Other

334

2.3

609

5.1

1,684

39.9

440

28.0

3,067

9.6

Total non-PCI loans

14,228

98.9

11,594

97.2

4,221

100.0

1,571

100.0

31,614

98.5

PCI loans

161

1.1

330

2.8

0.0

491

1.5

Total

14,389

100.0

11,924

100.

4,221

100.

1,571

100.

32,105

100.0

Internal risk rating:⁽⁴⁾

Non-PCI loans:

Noncriticized

12,842

89.3

10,893

91.3

4,132

97.9

1,507

96.0

29,374

91.6

Criticized performing

1,100

7.6

584

4.9

1.3

2.7

1,781

5.5

Criticized nonperforming

286

2.0

117

1.0

0.8

1.3

459

1.4

Total non-PCI loans

14,228

98.9

11,594

97.2

4,221

100.0

1,571

100.0

31,614

98.5

PCI loans:

Noncriticized

126

0.9

317

2.7

0.0

443

1.4

Criticized performing

0.2

0.1

0.0

0.1

Total PCI loans

161

1.1

330

2.8

0.0

491

1.5

Total

14,389

100.0

11,924

100.0

4,221

100.0

1,571

100.0

32,105

100.0


	December 31, 2010
(Dollars in millions)	Commercial & Multifamily Real Estate		% of Total⁽²⁾			Middle Market		% of Total⁽²⁾			Specialty Lending		% of Total⁽²⁾			Small-ticket Commercial Real Estate		% of Total⁽²⁾			Total Commercial		% of Total⁽²⁾
Geographic concentration:⁽³⁾
Non-PCI loans:
Northeast	$	10,849		81.0	%	$	3,240		30.9	%	$	1,548		38.5	%	$	1,137		61.7	%	$	16,774		56.4	%
Mid-Atlantic		720		5.4			960		9.2			185		4.6			71		3.9			1,936		6.5
South		1,315		9.8			5,191		49.5			733		18.2			119		6.5			7,358		24.7
Other		234		1.8			811		7.7			1,554		38.7			515		27.9			3,114		10.5

Total non-PCI loans		13,118		98.0			10,202		97.3			4,020		100.0			1,842		100.0			29,182		98.1
PCI loans		278		2.0			282		2.7			0		0.0			0		0.0			560		1.9

Total	$	13,396		100.0	%	$	10,484		100.0	%	$	4,020		100.0	%	$	1,842		100.0	%	$	29,742		100.0	%

Internal risk rating:⁽⁴⁾
Non-PCI loans:
Noncriticized	$	11,611		86.7	%	$	9,445		90.1	%	$	3,897		96.9	%	$	1,710		92.8	%	$	26,663		89.6	%
Criticized performing		1,231		9.2			624		6.0			75		1.9			95		5.2			2,025		6.8
Criticized nonperforming		276		2.1			133		1.2			48		1.2			37		2.0			494		1.7

Total non-PCI loans		13,118		98.0			10,202		97.3			4,020		100.0			1,842		100.0			29,182		98.1

PCI loans:
Noncriticized	$	186		1.3	%	$	235		2.3	%	$	0		0.0	%	$	0		0.0	%	$	421		1.4	%
Criticized performing		92		0.7			47		0.4			0		0.0			0		0.0			139		0.5

Total PCI loans		278		2.0			282		2.7			0		0.0			0		0.0			560		1.9

Total	$	13,396		100.0	%	$	10,484		100.0	%	$	4,020		100.0	%	$	1,842		100.0	%	$	29,742		100.0	%

⁽¹⁾	Amounts based on total loans as of September 30, 2011 and December 31, 2010.

⁽²⁾	Percentages calculated based on total held for investment commercial loans in each respective loan category as of the end of the reported period.

⁽³⁾	Northeast consists of CT, ME, MA, NH, NJ, NY, PA and VT. Mid-Atlantic consists of DE, DC, MD, VA and WV. South consists of AL, AR, FL, GA, KY, LA, MS, MO, NC, SC, TN and TX.

⁽⁴⁾	Criticized exposures correspond to the "Special Mention", "Substandard" and "Doubtful" asset categories defined by banking regulatory authorities.

Impaired Loans and Troubled Debt Restructurings

A loan is considered impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due from the borrower in accordance with the original contractual terms of the loan. Loans with insignificant delays or insignificant shortfalls in the amount of payments expected to be collected are not considered to be impaired. Income recognition on impaired loans is consistent with that of nonaccrual loans discussed above under "Delinquent and Nonperforming Loans."

Loans defined as individually impaired, based on applicable accounting guidance, include larger balance nonperforming loans and TDR loans. Our policies for reporting loans as individually impaired, by loan category, are as follows:

•

Credit card loans: Credit card loans, including installment loans, that have been modified in a troubled debt restructuring are accounted for and reported as individually impaired.

•

Consumer banking loans: Consumer banking loans that have been modified in a troubled debt restructuring are accounted for and reported as individually impaired.

•

Commercial banking loans: Commercial banking loans classified as nonperforming or that have been modified in a troubled debt restructuring are reported as impaired.

•

Purchased credit-impaired loans: We track and report PCI loans separately from other impaired loans.

We do not report nonperforming consumer loans that have not been modified in a TDR as individually impaired, as we collectively evaluate these smaller-balance homogenous loans for impairment in accordance with applicable accounting guidance. Held for sale loans are also not reported as impaired, as these loans are recorded at lower of cost or fair value.

All individually impaired loans are evaluated for an asset-specific allowance. Once a loan is modified in a TDR, the loan is generally considered impaired until maturity regardless of whether the borrower performs under the modified terms. Although the loan may be returned to accrual status if the criteria above under "Delinquent and Nonperforming Loans" are met, the loan would continue to be evaluated for an asset-specific allowance for loan losses and we would continue to report the loan as impaired.

We generally measure impairment and the related asset-specific allowance for individually impaired loans based on the difference between the recorded investment of the loan and present value of the loans' expected future cash flows, discounted at the effective original interest rate of the loan at the time of modification or the loan's observable market price. If the loan is collateral dependent, we measure impairment based upon the fair value of the underlying collateral, which we determine based on the current fair value of the collateral less estimated selling costs, instead of discounted cash flows. Loans are identified as collateral dependent if we believe that collateral is the sole source of repayment.

If the fair value of the loan is less than the recorded investment, we recognize impairment by establishing an allowance for the loan or by adjusting an allowance for the impaired loan.

The following table presents information about our impaired loans, excluding purchased credit-impaired loans, which are reported separately and discussed below:


	September 30, 2011
(Dollars in millions)	With an Allowance		Without an Allowance		Total Recorded Investment		Related Allowance		Net Recorded Investment		Unpaid Principal Balance		Average Recorded Investment		Interest Income Recognized
Credit card and Installment loans:
Domestic card and installment loans	$	728	$	0	$	728	$	263	$	465	$	710	$	743	$	57
International card and installment loans		187		0		187		102		85		176		147		5

Total credit card and installment loans⁽¹⁾		915		0		915		365		550		886		890		62

Consumer banking:
Auto		44		0		44		6		38		44		17		2
Home loans		101		0		101		10		91		101		73		3
Retail banking		56		19		75		10		65		81		46		1

Total consumer banking		201		19		220		26		194		226		136		6

Commercial banking:
Commercial and multifamily real estate		262		206		468		60		408		540		405		6
Middle market		73		98		171		9		162		200		131		1
Specialty lending		10		9		19		3		16		25		20		0

Total commercial lending		345		313		658		72		586		765		556		7

Small-ticket commercial real estate		13		12		25		1		24		35		94		0

Total commercial banking		358		325		683		73		610		800		650		7

Other:
Other loans		0		1		1		0		1		1		1		0

Total	$	1,474	$	345	$	1,819	$	464	$	1,355	$	1,913	$	1,677	$	75


	December 31, 2010
(Dollars in millions)	With an Allowance		Without an Allowance		Total Recorded Investment		Related Allowance		Net Recorded Investment		Unpaid Principal Balance		Average Recorded Investment		Interest Income Recognized
Credit card and installment loans:
Domestic card and installment loans	$	753	$	0	$	753	$	253	$	500	$	739	$	644	$	76
International card and installment loans		160		0		160		133		27		154		128		0

Total credit card and installment loans⁽¹⁾		913		0		913		386		527		893		772		76

Consumer banking:
Auto		0		0		0		0		0		0		0		0
Home loans		57		0		57		1		56		57		28		1
Retail banking		23		17		40		1		39		51		46		1

Total consumer banking		80		17		97		2		95		108		74		2

Commercial banking:
Commercial and multifamily real estate		40		283		323		6		317		436		385		4
Middle market		25		95		120		7		113		156		109		1
Specialty lending		1		20		21		0		21		22		35		0

Total commercial lending		66		398		464		13		451		614		529		5

Small-ticket commercial real estate		16		20		36		2		34		73		41		1

Total commercial banking		82		418		500		15		485		687		570		6

Other:
Other loans		0		0		0		0		0		0		0		0

Total	$	1,075	$	435	$	1,510	$	403	$	1,107	$	1,688	$	1,416	$	84

⁽¹⁾	Credit Card and Installment loans include finance charges and fees.

TDR loans accounted for $1.5 billion and $1.1 billion of impaired loans as of September 30, 2011 and December 31, 2010, respectively. Consumer TDR loans classified as performing totaled $1.1 billion and $983 million, respectively, as of September 30, 2011 and December 31, 2010. Commercial TDR loans classified as performing totaled $379 million, and $162 million, respectively, as of September 30, 2011 and December 31.

As part of our loan modifications to borrowers experiencing financial difficulty, we may provide multiple concessions to minimize our economic loss and improve long-term loan performance and collectability. The following tables present the types, amounts and financial effects of loans modified and accounted for as troubled debt restructurings during the period:


	Total Loans Modified⁽¹⁾		Three Months Ended September 30, 2011
			Reduced Interest Rate						Term Extension					Balance Reduction
(Dollars in millions)			% of TDR activity⁽²⁾⁽⁸⁾			Average Rate Reduction⁽³⁾			% of TDR Activity⁽⁴⁾⁽⁸⁾			Average Term Extension (Months)⁽⁵⁾		% of TDR Activity⁽⁶⁾⁽⁸⁾			Gross Balance Reduction⁽⁷⁾
Credit card:
Domestic	$	79		100	%		10.39	%		0	%		0		0	%	$	0
International		67		100			22.01			0			0		0			0

Total credit card		146		100			15.72			0			0		0			0

Consumer banking:
Auto		21		66			1.39			100			10		0			0
Home loans		19		45			2.01			63			115		13			0
Retail banking		21		9			1.51			80			15		0			0

Total consumer banking		61		39			1.63			82			44		4			0

Commercial banking:
Commercial and multifamily real estate		37		46			1.03			100			13		29			3
Middle market		54		13			0.43			72			15		2			0
Specialty lending		2		48			1.19			98			38		38			1

Total commercial lending		93		27			0.69			83			15		14			4

Small-ticket commercial real estate		0		0			0.00			100			3		0			0

Total commercial banking		93		27			0.69			84			15		13			4

Total		300		65	%		9.89	%		43	%		27		5	%	$	4


	Total Loans Modified ⁽¹⁾		Nine Months Ended September 30, 2011
			Reduced Interest Rate						Term Extension					Balance Reduction
(Dollars in millions)			% of TDR Activity⁽²⁾			Average Rate Reduction⁽³⁾			% of TDR Activity⁽⁴⁾			Average Term Extension (Months)⁽⁵⁾		% of TDR Activity⁽⁶⁾			Gross Balance Reduction⁽⁷⁾
Credit card:
Domestic	$	249		100	%		10.51	%		0	%		0		0	%	$	0
International		194		100			22.84			0			0		0			0

Total credit card		443		100			15.93			0			0		0			0

Consumer banking:
Auto		53		61			1.39			100			9		0			0
Home loans		49		48			2.10			76			88		8			0
Retail banking		58		8			0.83			81			19		0			0

Total consumer banking		160		38			1.42			86			37		2			0

Commercial banking:
Commercial and multifamily real estate		161		37			2.79			96			13		7			3
Middle market		95		19			0.83			72			15		1			0
Specialty lending		10		29			0.60			83			36		8			1

Total commercial lending		266		31			2.01			87			15		5			4

Small-ticket commercial real estate		4		0			0.00			100			3		0			0

Total commercial banking		270		30			2.01			87			15		5			4

Total	$	873		67	%		9.95	%		43	%		23		2	%	$	4

⁽¹⁾	Represents total loans modified and accounted for as a TDR during the period. Paydowns, charge-offs and any other changes in the loan carrying value subsequent to the loan entering TDR status are not reflected.

⁽²⁾	Percentage of loans modified and accounted for as a TDR during the period that were granted a reduced interest rate.

⁽³⁾	Weighted average interest rate reduction for those loans that received an interest rate concession.

⁽⁴⁾	Percentage of loans modified and accounted for as a TDR during the period that were granted a maturity date extension.

⁽⁵⁾	Weighted average change in maturity date for those loans that received a maturity date extension.

⁽⁶⁾	Percentage of loans modified and accounted for as a TDR during the period that were granted forgiveness or forbearance of a portion of their balance.

⁽⁷⁾	Total amount of forgiven or forborne balances.

⁽⁸⁾	Due to multiple concessions granted to some troubled borrowers, percentages may total more than 100% for certain loan types.

TDR — Subsequent Payment Defaults of Completed TDR Modifications

The following table represents the type, number and amount of loans accounted for as TDRs that experienced a payment default during the period and had completed a modification event in the twelve months prior to the payment default. A payment default occurs if the loan is either 90 days or more delinquent or the loan has been charged-off as of the end of the period presented.


	September 30, 2011
	Three Months Ended				Nine Months Ended
(Dollars in millions)	Number of Contracts		Amount		Number of Contracts		Amount
Credit Card:
Domestic		8,721	$	22		25,235	$	71
International⁽¹⁾		11,733		44		34,330		137

Total Credit Card		20,454		66		59,565		208

Consumer banking:
Auto		110		1		130		2
Home Loans		27		2		60		7
Retail banking		63		2		188		4

Total consumer banking		200		5		378		13

Commercial banking:
Commercial and multifamily real estate		9		12		13		35
Middle market		0		0		3		3
Specialty Lending		5		2		6		2

Total commercial lending		14		14		22		40

Small-ticket commercial real estate		1		1		1		0

Total commercial banking		15		15		23		40

Other:
Other Loans		0		0		0		0

Total		20,669	$	86		59,966	$	261

⁽¹⁾

The regulatory regime in the United Kingdom ("U.K.") requires U.K. credit card businesses to accept payment plan proposals even when the proposed payments are less than the contractual minimum amount. As a result, loans entering long-term TDR payment programs in the U.K. typically continue to age and ultimately charge-off even when fully in compliance with the TDR program terms.

Purchased Credit-Impaired Loans

In connection with the acquisition of Chevy Chase Bank on February 27, 2009, we acquired loans with a contractual outstanding unpaid principal and interest balance at acquisition of $15.4 billion. We recorded these loans on our consolidated balance sheet at estimated fair value at the date of acquisition of $9.0 billion. We concluded that the substantial majority of the loans we acquired from Chevy Chase Bank were PCI loans. PCI loans are acquired loans with evidence of credit quality deterioration since origination for which it is probable at the date of purchase that we will be unable to collect all contractually required payments. The Chevy Chase Bank loans that we concluded were credit impaired had a contractual outstanding unpaid principal and interest balance at acquisition of $12.0 billion and an estimated fair value of $6.3 billion. These loans consisted of Chevy Chase Bank's entire portfolio of option-adjustable rate mortgage loans, hybrid adjustable-rate mortgage loans and construction-to-permanent mortgage loans. We also concluded that Chevy Chase Bank's portfolio of commercial loans, auto loans, fixed-mortgage loans, home equity loans and other consumer loans included segments of PCI loans.

Initial Fair Value and Accretable Yield of Acquired Loans

At acquisition, we estimated the cash flows we expected to collect on these loans. Under the accounting guidance for PCI loans, the difference between the contractually required payments and the cash flows expected to be collected at acquisition is referred to as the nonaccretable difference. This difference is neither accreted into income nor recorded on our consolidated balance sheet. The excess of cash flows expected to be collected over the estimated fair value is referred to as the accretable yield and is recognized in interest income over the remaining life of the loan, or pool of loans, using the effective yield method. The table below displays the contractually required principal and interest, cash flows expected to be collected and fair value at acquisition related to the Chevy Chase Bank loans we acquired. The table also displays the nonaccretable difference and the accretable yield at acquisition.


	At Acquisition on February 27, 2009
(Dollars in millions)	Total Acquired Loans			Purchased Credit-Impaired Loans			Non- Impaired Loans
Contractually outstanding principal and interest at acquisition	$	15,387		$	12,039		$	3,348
Less: Nonaccretable difference (expected principal losses of $2,207 and foregone interest of $1,820)⁽¹⁾		(4,027	)		(3,851	)		(176	)

Cash flows expected to be collected at acquisition⁽²⁾		11,360			8,188			3,172
Less: Accretable yield		(2,360	)		(1,861	)		(499	)

Fair value of loans acquired⁽³⁾	$	9,000		$	6,327		$	2,673

⁽¹⁾	Expected principal losses and foregone interest on purchased credit-impaired loans at acquisition totaled $2.1 billion and $1.8 billion, respectively. Expected principal losses and foregone interest on non-impaired loans at acquisition totaled $154 million and $23 million, respectively.

⁽²⁾	Represents undiscounted expected principal and interest cash flows at acquisition.

⁽³⁾	A portion of the loans acquired in connection with the Chevy Chase Bank acquisition was classified as held for sale. These loans, which had an estimated fair value at acquisition of $235 million, are not included in the above tables.

Outstanding Balance and Carrying Value of Acquired Loans

The table below presents the outstanding contractual principal balance and the carrying value of the Chevy Chase Bank acquired loans as of September 30, 2011 and December 31, 2010:


	September 30, 2011						December 31, 2010
(Dollars in millions)	Total Acquired Loans		Purchased Credit-Impaired Loans		Non- Impaired Loans		Total Acquired Loans		Purchased Credit-Impaired Loans		Non- Impaired Loans
Contractual balance	$	6,024	$	4,789	$	1,235	$	7,054	$	5,546	$	1,508

Carrying value⁽¹⁾		4,852		3,733		1,119		5,554		4,165		1,389

⁽¹⁾	Includes $22 million and $33 million of cumulative impairment recognized as of September 30, 2011 and December 31, 2010, respectively.

Changes in Accretable Yield of Acquired Loans

Subsequent to acquisition, we are required to periodically evaluate our estimate of cash flows expected to be collected. These evaluations, performed quarterly, require the continued use of key assumptions and estimates, similar to the initial estimate of fair value. Subsequent changes in the estimated cash flows expected to be collected may result in changes in the accretable yield and nonaccretable difference or reclassifications from nonaccretable yield to accretable. Increases in the cash flows expected to be collected will generally result in an increase in interest income over the remaining life of the loan or pool of loans. Decreases in expected cash flows due to further credit deterioration will generally result in an impairment charge recognized in our provision for loan and lease losses, resulting in an increase to the allowance for loan losses We recorded impairment related to certain pool of loans of $9 million in the third quarter of 2011 compared to a reduction in the allowance related to these pools of $1 million in the third quarter of 2010. We reduced the allowance related to this pool of loans by $11 million and $4 million for the nine months ended September 30, 2011 and 2010, respectively. The cumulative impairment recognized on PCI loans totaled $22 million as of September 30, 2011 and $33 million as of December 31, 2010.

The following table presents changes in the accretable yield related to the acquired Chevy Chase Bank loans:


(Dollars in millions)	Total Acquired Loans			Purchased Credit-Impaired Loans			Non- Impaired Loans
Accretable yield as of December 31, 2009	$	2,067		$	1,742		$	325
Accretion recognized in earnings		(405	)		(299	)		(106	)
Reclassifications from nonaccretable difference for loans with improvement in expected cash flows		350			311			39

Accretable yield as of December 31, 2010	$	2,012		$	1,754		$	258

Accretion recognized in earnings		(335	)		(285	)		(50	)
Reclassifications from nonaccretable difference for loans with improving cash flows⁽¹⁾		233			227			6
Reductions in accretable yield for non-credit related changes in expected cash flows⁽²⁾		(68	)		(57	)		(11	)

Accretable yield as of September 30, 2011	$	1,842		$	1,639		$	203

⁽¹⁾	Represents increases in accretable yields for those pools with increases primarily the result of improved credit performance.

⁽²⁾	Represents changes in accretable yields for those pools with reductions driven primarily by changes in prepayment levels.

Unfunded Lending Commitments

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. Unused credit card lines available to our customers totaled $206.3 billion and $161.5 billion as of September 30, 2011 and December 31, 2010, respectively. While these amounts represented the total available unused credit card lines, we have not experienced, and do not anticipate, that all of our customers will access their entire available line at any given point in time.

In addition to available unused credit card lines, we enter into commitments to extend credit that are legally binding conditional agreements having fixed expirations or termination dates and specified interest rates and purposes on our commercial loans. Outstanding unfunded commitments to extend credit other than credit card lines totaled approximately $14.9 billion and $13.2 billion as of September 30, 2011 and December 31, 2010, respectively. These commitments may expire without being drawn upon. Therefore, the total commitment amount does not necessarily represent future funding requirements.

We maintain a reserve for unfunded loan commitments and letters of credit to absorb estimated probable losses related to these unfunded credit facilities, which is included in Other liabilities on our consolidated balance sheets. Our reserve for unfunded loan commitments and letters of credit was $53 million and $107 million as of September 30, 2011 and December 31, 2010, respectively. See "Note 6—Allowance for Loan and Lease Losses" below for additional information.

The entire disclosure for claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 3, 4
-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 01-6
-Paragraph 13
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 4
-Section 08
-Paragraph k

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5066-111524

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5162-111524

Allowance For Loan And Lease Losses [Abstract]

Allowance For Loan And Lease Losses

9 Months Ended

Sep. 30, 2011

Allowance For Loan And Lease Losses

NOTE 6—ALLOWANCE FOR LOAN AND LEASE LOSSES

We maintain an allowance for loan and lease losses ("the allowance") that represents management's best estimate of incurred loan and lease credit losses inherent in our held for investment portfolio as of each balance sheet date. We do not maintain an allowance for held for sale loans or purchased credit-impaired loans that are performing in accordance with or better than our expectations as of the date of acquisition, as the fair values of these loans already reflect a credit component. The allowance for loan and lease losses is increased through the provision for loan and lease losses and reduced by net charge-offs. The provision for loan and lease losses, which is charged to earnings, reflects credit losses we believe have been incurred and will eventually be reflected over time in our charge-offs. Charge-offs of uncollectible amounts are deducted from the allowance and subsequent recoveries are added.

In determining the allowance for loan and lease losses, we disaggregate loans in our portfolio with similar credit risk characteristics into portfolio segments. Management performs quarterly analysis of these portfolios to determine if impairment has occurred and to assess the adequacy of the allowance based on historical and current trends and other factors affecting credit losses. We apply documented systematic methodologies to separately calculate the allowance for our consumer loan and commercial loan portfolio and for loans within each of these portfolios that we identify as individually impaired. Our allowance for loan and lease losses consists of three components that are allocated to cover the estimated probable losses in each loan portfolio based on the results of our detailed review and loan impairment assessment process: (1) a formula-based component for loans collectively evaluated for impairment; (2) an asset-specific component for individually impaired loans; and (3) a component related to purchased credit-impaired loans that have experienced significant decreases in expected cash flows subsequent to acquisition. See "Note 1—Summary of Significant Accounting Policies" of our 2010 Form 10-K for a description of the methodologies and policies for determining our allowance for loan and lease losses for each of our loan portfolio segments.

Allowance for Loan and Lease Losses Activity

The allowance for loan and lease losses is increased through the provision for loan and lease losses and reduced by net charge-offs. The provision for loan and lease losses, which is charged to earnings, reflects credit losses we believe have been incurred and will eventually be reflected over time in our charge-offs. Charge-offs of uncollectible amounts are deducted from the allowance and subsequent recoveries are included. The table below summarizes changes in the allowance for loan and lease losses, by portfolio segment, and our unfunded lending commitment reserve during the three and nine months ended September 30, 2011:


	Three Months Ended September 30, 2011
				Consumer																					Unfunded Lending Commitments Reserve			Combined Allowance & Unfunded Reserve
(Dollars in millions)	Credit Card			Auto			Home Loan			Retail Banking			Total Consumer			Commercial			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve			Combined Allowance & Unfunded Reserve
Balance as of June 30, 2011	$	3,093		$	322		$	90		$	186		$	598		$	730		$	67		$	4,488		$	64		$	4,552
Provision for loan and lease losses⁽²⁾		512			119			18			0			137			(1	)		(15	)		633			(11	)		622
Charge-offs⁽²⁾		(967	)		(129	)		(20	)		(23	)		(172	)		(35	)		(9	)		(1,183	)		0			(1,183	)
Recoveries		306			46			5			6			57			6			2			371			0			371

Net charge-offs		(661	)		(83	)		(15	)		(17	)		(115	)		(29	)		(7	)		(812	)		0			(812	)
Other changes⁽³⁾		(29	)		0			0			0			0			0			0			(29	)		0			(29	)

Balance as of September 30, 2011⁽²⁾	$	2,915		$	358		$	93		$	169		$	620		$	700		$	45		$	4,280		$	53		$	4,333


	Nine Months Ended September 30, 2011
				Consumer																					Unfunded Lending Commitments Reserve			Combined Allowance & Unfunded Reserve
(Dollars in millions)	Credit Card			Auto			Home Loan			Retail Banking			Total Consumer			Commercial			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve			Combined Allowance & Unfunded Reserve
Balance as of December 31, 2010	$	4,041		$	353		$	112		$	210		$	675		$	826		$	86		$	5,628		$	107		$	5,735
Provision for loan and lease losses⁽²⁾		1,270			229			34			18			281			0			2			1,553			(54	)		1,499
Charge-offs⁽²⁾		(3,362	)		(372	)		(74	)		(78	)		(524	)		(152	)		(47	)		(4,085	)		0			(4,085	)
Recoveries		979			148			21			19			188			26			4			1,197			0			1,197

Net charge-offs		(2,383	)		(224	)		(53	)		(59	)		(336	)		(126	)		(43	)		(2,888	)		0			(2,888	)
Other changes⁽³⁾		(13	)		0			0			0			0			0			0			(13	)		0			(13	)

Balance as of September 30, 2011⁽²⁾	$	2,915		$	358		$	93		$	169		$	620		$	700		$	45		$	4,280		$	53		$	4,333

⁽¹⁾	Other consists of our discontinued GreenPoint mortgage operations loan portfolio and our community redevelopment loan portfolio.

⁽²⁾

The reduction in the provision for loan and lease losses attributable to Kohl's was $236 million for the first nine months of 2011. Loss sharing amounts attributable to Kohl's reduced charge-offs by $39 million and $80 million in the third quarter and first nine months of 2011. The expected reimbursement from Kohl's netted in our allowance for loan and lease losses was approximately $156 million as of September 30, 2011.

⁽³⁾	Includes foreign exchange translation adjustments of $29 million and $13 million for the three and nine months ended September 30, 2011, respectively.

Components of Allowance for Loan and Lease Losses by Impairment Methodology

The table below presents the components of our allowance for loan and lease losses, by loan category and impairment methodology, and the recorded investment of the related loans as of September 30, 2011 and December 31, 2010:


	September 30, 2011
				Consumer
(Dollars in millions)	Credit Card			Auto			Home Loan			Retail Banking			Total Consumer			Commercial			Other			Total
Allowance for loan and lease losses by impairment methodology:
Collectively evaluated for impairment	$	2,550		$	352		$	64		$	158		$	574		$	625		$	45		$	3,794
Individually evaluated for impairment		365			6			10			10			26			73			0			464
Purchased credit-impaired loans		0			0			19			1			20			2			0			22

Total allowance for loan and lease losses	$	2,915		$	358		$	93		$	169		$	620		$	700		$	45		$	4,280

Held for investment loans by impairment methodology:
Collectively evaluated for impairment	$	61,115		$	20,322		$	6,533		$	3,894		$	30,749		$	30,932		$	464		$	123,260
Individually evaluated for impairment		915			44			101			75			220			682			1			1,818
Purchased credit-impaired loans		0			56			4,282			45			4,383			491			0			4,874

Total held for investment loans	$	62,030		$	20,422		$	10,916		$	4,014		$	35,352		$	32,105		$	465		$	129,952

Allowance as a percentage of period end held for investment loans		4.70	%		1.75	%		0.85	%		4.21	%		1.75	%		2.18	%		9.68	%		3.29	%


	December 31, 2010
				Consumer
(Dollars in millions)	Credit Card			Auto			Home Loan			Retail Banking			Total Consumer			Commercial			Other			Total
Allowance for loan and lease losses by impairment methodology:
Collectively evaluated for impairment	$	3,655		$	353		$	81		$	209		$	643		$	808		$	86		$	5,192
Individually evaluated for impairment		386			0			1			1			2			15			0			403
Purchased credit-impaired loans		0			0			30			0			30			3			0			33

Total allowance for loan and lease losses	$	4,041		$	353		$	112		$	210		$	675		$	826		$	86		$	5,628

Held for investment loans by impairment methodology:
Collectively evaluated for impairment	$	60,458		$	17,867		$	7,154		$	4,271		$	29,292		$	28,682		$	451		$	118,883
Individually evaluated for impairment		913			0			57			40			97			500			0			1,510
Purchased credit impaired loans		0			0			4,892			102			4,994			560			0			5,554

Total held for investment loans	$	61,371		$	17,867		$	12,103		$	4,413		$	34,383		$	29,742		$	451		$	125,947

Allowance as a percentage of period end held for investment loans		6.58	%		1.98	%		0.93	%		4.76	%		1.96	%		2.78	%		19.07	%		4.47	%

Variable Interest Entities And Securitizations

9 Months Ended

Sep. 30, 2011

Variable Interest Entities And Securitizations [Abstract]

Variable Interest Entities And Securitizations

NOTE 7—VARIABLE INTEREST ENTITIES AND SECURITIZATIONS

In the normal course of business, we enter into various types of transactions with entities that are considered to be variable interest entities ("VIEs"). Historically, our primary involvement with VIEs related to our securitization transactions in which we transferred assets from our balance sheet to securitization trusts. These securitization trusts typically meet the definition of a VIE. We generally securitized credit card loans, auto loans, home loans and installment loans, which provided a source of funding for us and as a means of transferring a certain portion of the economic risk of the loans or debt securities to third parties.

Under revised consolidation accounting guidance that became effective on January 1, 2010, the entity that has a controlling financial interest in a VIE is referred to as the primary beneficiary and is required to consolidate the VIE. As a result of this guidance, the vast majority of the VIEs in which we are involved have been consolidated in our financial statements.

Summary of Consolidated and Unconsolidated VIEs

The table below presents a summary of VIEs, aggregated based on VIEs with similar characteristics, in which we had continuing involvement or held a variable interest as of September 30, 2011 and December 31, 2010. We separately present information for consolidated and unconsolidated VIEs.

For consolidated VIEs, we present the carrying amount of assets and liabilities reflected on our consolidated balance sheets. The assets of consolidated VIEs primarily consist of cash and loans, which we report on our consolidated balance sheets under restricted cash for securitization investors and restricted loans for securitization investors, respectively. The assets of a particular VIE are the primary source of funds to settle its obligations. The creditors of the VIEs typically do not have recourse to the general credit of our company. The liabilities primarily consist of debt securities issued by the VIEs, which we report under securitized debt obligations. For unconsolidated VIEs, we present the carrying amount of assets and liabilities reflected on our consolidated balance sheets and our maximum exposure to loss. Our maximum exposure to loss is estimated based on the unlikely event that all of the assets in the VIEs became worthless and we were required to meet our maximum remaining funding obligations.


	September 30, 2011
	Consolidated				Unconsolidated
(Dollars in millions)	Carrying Amount of Assets		Carrying Amount of Liabilities		Carrying Amount of Assets			Carrying Amount of Liabilities			Maximum Exposure to Loss⁽³⁾
Securitization-related VIEs:
Credit card loan securitizations⁽⁴⁾	$	47,808	$	17,942	$	0		$	0		$	0
Auto loan securitizations⁽⁴⁾		119		99		0			0			0
Mortgage loan securitizations		0		0		154	⁽¹⁾		32	⁽²⁾		267
Other asset securitizations⁽⁴⁾		37		37		0			0			0

Total securitization related VIEs		47,964		18,078		154			32			267

Other VIEs:
Affordable housing entities		0		0		1,902			259			1,902
Entities that provide capital to low-income and rural communities		251		0		6			3			6
Other		1		0		146			0			146

Total Other VIEs		252		0		2,054			262			2,054

Total VIEs	$	48,216	$	18,078	$	2,208		$	294		$	2,321



	December 31, 2010
	Consolidated				Unconsolidated
(Dollars in millions)	Carrying Amount of Assets		Carrying Amount of Liabilities		Carrying Amount of Assets			Carrying Amount of Liabilities			Maximum Exposure to Loss⁽³⁾
Securitization-related VIEs:
Credit card loan securitizations⁽⁴⁾	$	53,694	$	25,622	$	0		$	0		$	0
Auto loan securitizations⁽⁴⁾		1,784		1,518		0			0			0
Mortgage loan securitizations		0		0		174	⁽¹⁾		37	⁽²⁾		297
Other asset securitizations⁽⁴⁾		198		64		0			0			0

Total securitization related VIEs		55,676		27,204		174			37			297

Other VIEs:
Affordable housing entities		0		0		1,681			304			1,681
Entities that provide capital to low-income and rural communities		230		0		6			3			6
Other		0		0		174			0			174

Total Other VIEs		230		0		1,861			307			1,861

Total VIEs	$	55,906	$	27,204	$	2,035		$	344		$	2,158

⁽¹⁾

The carrying amount of assets of unconsolidated securitization-related VIEs consists of retained interests and letters of credit related to manufactured housing securitizations. Mortgage servicing rights related to unconsolidated VIEs are reported on our consolidated balance sheets under goodwill and other intangible assets. See "Note 8—Goodwill and Other Intangible Assets" for additional information on our mortgage servicing rights. Other retained interests are reported on our consolidated balance sheets under accounts receivable from securitizations.

⁽²⁾

The carrying amount of liabilities of unconsolidated securitization-related VIEs consists of obligations to fund negative amortization bonds associated with the securitization of option-adjustable rate mortgage loans ("option-ARMs") and obligations on certain swap agreements associated with the securitization of manufactured housing loans.

⁽³⁾	The maximum exposure to loss represents the amount of loss we would incur in the unlikely event that all our assets in the VIE become worthless and we were required to meet our maximum remaining funding obligations.

⁽⁴⁾	Represents the gross assets and liabilities owned by the VIE which included seller's interest and retained and repurchased noted held by other related parties.

Securitization-Related VIEs

We historically have securitized credit card loans, auto loans, home loans and installment loans. In a securitization transaction, assets from our balance sheet are transferred to a trust, which typically meets the definition of a VIE. The trust then issues various forms of interests in those assets to investors. We typically receive cash proceeds and/or other interests in the securitization trust for the assets we transfer. If the transfer of the assets to an unconsolidated securitization trust qualifies as a sale, we remove the assets from our consolidated balance sheet and recognize a gain or loss on the transfer. Alternatively, if the transfer does not qualify as a sale but instead is considered a secured borrowing or the transfer of assets is to a consolidated VIE, the assets remain on our consolidated financial statements and we record an offsetting liability for the proceeds received. We did not execute any new securitizations during the third quarter of 2011; however, we have continuing involvement in the securitization trusts.

Our continuing involvement in the majority of our securitization transactions consists primarily of holding certain retained interests and acting as the primary servicer. We also may be required to repurchase receivables from the trust if the outstanding balance of the receivables falls to a level where the cost exceeds the benefits of servicing such receivables. We also may have exposure associated with contractual obligations to repurchase previously transferred loans due to breaches of representations and warranties. See "Note 15—Commitments, Contingencies and Guarantees" for information related to reserves we have established for our potential mortgage representation and warranty exposure.

The table below presents the securitization-related VIEs in which we had continuing involvement as of September 30, 2011 and December 31, 2010:

September 30, 2011

Non-Mortgage

Mortgage

(Dollars in millions)

Credit
Card

Auto
Loan

Other
Loan

Option
ARM

GreenPoint
HELOCs

GreenPoint
Manufactured
Housing

Securities held by third-party investors

17,001

3,233

221

1,281

Receivables in the trust

46,844

3,342

221

1,287

Cash balance of spread or reserve accounts

175

Retained interests

Yes

Servicing retained

Yes

⁽¹⁾

Yes

⁽¹⁾

⁽³⁾

Amortization event⁽⁴⁾

Yes

⁽²⁾

December 31, 2010

Non-Mortgage

Mortgage

(Dollars in millions)

Credit
Card

Auto
Loan

Other
Loan

Option
ARM

GreenPoint
HELOCs

GreenPoint
Manufactured
Housing

Securities held by third-party investors

25,415

1,453

3,690

284

1,386

Receivables in the trust

52,355

1,528

191

3,813

284

1,393

Cash balance of spread or reserve accounts

147

183

Retained interests

Yes

Servicing retained

Yes

⁽¹⁾

Yes

⁽¹⁾

⁽³⁾

Amortization event⁽⁴⁾

Yes

⁽²⁾

⁽¹⁾	We continue to service some of the outstanding balance of securitized mortgage receivables.

⁽²⁾	See information below regarding on-going involvement in the GreenPoint Home Equity Line of Credit ("HELOC") securitizations.

⁽³⁾	The manufactured housing securitizations are serviced by a third party. For two of the deals, that third party works in the capacity of subservicer with Capital One being the Master Servicer.

⁽⁴⁾

Amortization events vary according to each specific trust agreement but generally are triggered by declines in performance or credit metrics such as charge-off rates or delinquency rates below certain predetermined thresholds. Generally, the occurrence of an amortization event changes the sequencing and amount of trust related cash flows to the benefit of senior noteholders.

Non-Mortgage Securitizations

As of September 30, 2011 and December 31, 2010, we were deemed to be the primary beneficiary of all of our non-mortgage securitization trusts. Accordingly, all of these trusts have been consolidated in our financial statements. For additional information on our principal involvement with non-mortgage securitization trusts and the impact of the consolidation of these trusts on our financial statements, see "Note 1—Summary of Significant Accounting Policies" and "Note 7—Variable Interest Entities and Securitizations" of our 2010 Form 10-K.

Mortgage Securitizations

Option-ARM Loans

We had previously securitized option-ARM loans by transferring the mortgage loans to securitization trusts that issued mortgage-backed securities to investors. The outstanding balance of debt securities held by third-party investors related to our mortgage securitization trusts was $3.2 billion as of September 30, 2011 and $3.7 billion as of December 31, 2010.

We continue to service some of the outstanding balance of securitized mortgage receivables. We also retain rights to future cash flows arising from the receivables, the most significant being certificated interest-only bonds issued by the trusts, certain of which we sold during the first quarter of 2010. We generally estimate the fair value of these retained interests based on the estimated present value of expected future cash flows from securitized and sold receivables, using our best estimates of the key assumptions – credit losses, prepayment speeds and discount rates commensurate with the risks involved. We do not consolidate these trusts because we do not have the right to receive benefits that could potentially be significant nor the obligation to absorb losses that could potentially be significant to the trusts.

In connection with the securitization of certain option-ARM 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. We have an agreement in place with the third party that mirrors this advance requirement. The amount advanced is tracked through mortgage-backed securities retained as part of the securitization transaction. As the borrowers make principal payments, these securities receive their net pro rata portion of those payments in cash, and advances of negative amortization are refunded accordingly. As advances occur, we record an asset in the form of negative amortization bonds, which are classified as trading securities. We have also entered into certain derivative contracts related to the securitization activities. These are classified as free standing derivatives, with fair value adjustments recorded in non-interest income. See "Note 10—Derivative Instruments and Hedging Activities" for further details on these derivatives.

GreenPoint Mortgage HELOCs

Our 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. As the 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. We had funded $27 million in advances as of September 30, 2011, all of which was expensed as funded. Our unfunded commitment related to these residual interests was $11 million as of September 30, 2011. We have not consolidated these trusts because the residual certificates did not provide the obligation to absorb losses or the right to receive benefits that could potentially be significant to the trusts.

GreenPoint Mortgage Manufactured Housing

We retain 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 we are 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. We do not consolidate the trusts used for the securitization of manufactured housing loans because we do not have the power to direct the activities that most significantly impact the economic performance of the trusts since we no longer service the loans.

We were required to fund letters of credit in 2004 to cover losses, and are obligated to fund future amounts under swap agreements for certain transactions. We have 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 $175 million and $183 million as of September 30, 2011 and December 31, 2010, respectively. The fair value of the expected residual balances on the funded letters of credit was $36 million and $35 million as of September 30, 2011 and December 31, 2010, respectively, and is included in other assets on the consolidated balance sheet. Our maximum exposure under the swap agreements was $24 million and $27 million as of September 30, 2011 and December 31, 2010, respectively. The value of our obligations under these swaps, which is included in other liabilities on our consolidated balance sheets, was $15 million as of September 30, 2011 and $18 million as of December 31, 2010.

The unpaid principal balance of manufactured housing securitization transactions where we are the residual interest holder was $1.3 billion and $1.4 billion as of September 30, 2011 and December 31, 2010, 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 us and we would assume approximately $420 million of loans receivable upon our execution of the clean-up call with the requirement to absorb any losses on the loans receivable. There have been no instances of non-performance to date by the third party.

We monitor 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.

Retained Interests in Unconsolidated Securitizations

Accounts Receivable from Securitizations

Retained interests in unconsolidated securitizations are included in accounts receivable from securitizations on our consolidated balance sheets. These retained interests consist of interest-only strips, retained tranches, cash collateral accounts, cash reserve accounts and unpaid interest and fees on the third-party investors' portion of the transferred principal receivables.

The following table provides details of accounts receivable from securitizations as of September 30, 2011 and December 31, 2010:


(Dollars in millions)	September 30, 2011		December 31, 2010
Interest-only strip classified as trading	$	64	$	75
Retained interests classified as trading:
Retained notes		29		34
Cash collateral		8		8
Investor accrued interest receivable		0		0

Total retained interests classified as trading		37		42
Other retained interests		0		3

Total accounts receivable from securitizations	$	101	$	120

We may retain 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 are classified as available-for-sale securities, and changes in the estimated fair value are recorded in other comprehensive income.

The components of the net gains (losses) recognized as a result of changes in the fair value of retained interests are presented below:


	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in millions)	2011			2010⁽¹⁾			2011			2010⁽¹⁾
Interest only strip valuation changes	$	(4	)	$	6		$	(11	)		(19	)
Fair value adjustments related to spread accounts		13			0			38			6
Fair value adjustments related to retained subordinated notes		0			(11	)		1			(16	)

Total income statement impact	$	9			(5	)	$	28			(29	)

⁽¹⁾

2010 includes both mortgage related amounts representing valuation changes of mortgage interest only strips, spread accounts, and retained interests held at December 31, 2010 and non-mortgage related amounts representing the one installment loan securitization that remained off-balance sheet through September 15, 2010.

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 are subject to loss in the event assumptions used to determine the estimated fair value do not prevail, or if borrowers default on the related securitized receivables and our retained subordinated tranches are used to repay investors. See the table below for key assumptions and sensitivities for retained interest valuations.

Key Assumptions and Sensitivities for Retained Interest Valuations

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 principal payment rates, lives of receivables and discount rates, all of which are included in the following table. 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 discounted over the estimated life of the assets.

If these assumptions are not met, or if they change, the interest-only strip, retained interests and related servicing and securitizations income would be 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.

For the periods ending September 30, 2011 and December 31, 2010, the assumptions and sensitivities shown below included all off-balance sheet securitizations:


(Dollars in millions)	September 30, 2011			December 31, 2010
Interest-only strip and retained interests	$	118	⁽¹⁾	$	136	⁽¹⁾

Weighted average life for receivables (months)		66			60

Principal repayment rate (weighted average rate)		13.8 - 17.1	%		16.3 – 18.1	%
Impact on fair value of 10% adverse change	$	9		$	2
Impact on fair value of 20% adverse change		(5	)		(6	)

Discount rate (weighted average rate)		25.0 - 42.2	%		25.2 – 42.2	%
Impact on fair value of 10% adverse change	$	(7	)	$	(7	)
Impact on fair value of 20% adverse change		(13	)		(14	)

⁽¹⁾	Does not include liquidity swap related to the negative amortization bonds of $17 million as of September 30, 2011 and $19 million at December 31, 2010.

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.

We act as a servicing agent and receive contractual servicing fees of between 0.375% and 1% of the investor principal outstanding, based upon the type of assets serviced. For off-balance sheet securitizations, we generally did not record material servicing assets or liabilities for these rights since the contractual servicing fee approximates market rates.

Cash Flows Related to the Unconsolidated Securitizations

The following provides the details of the cash flows related to securitization transactions that qualified as off-balance sheet for the three and nine months ended September 30, 2011 and 2010:


	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in millions)	2011		2010		2011		2010
Servicing fees received	$	7		8		22	$	25
Cash flows received on retained interests⁽¹⁾		11		43		36		137

⁽¹⁾	Includes all cash receipts of excess spread and other payments (excluding servicing fees) from the program.

Supplemental Loan Information

The table below displays the unpaid principal balance of off-balance sheet single-family residential loans we serviced as of September 30, 2011 and December 31, 2010. We also display the unpaid principal balance of loans past due 90 days or more as of September 30, 2011 and December 31, 2010. Net credit losses associated with these loans totaled $31 million and $120 million for the nine months ended September 30, 2011 and 2010, respectively, and $136 million for the year ended December 31, 2010.


(Dollars in millions)	September 30, 2011		December 31, 2010
Total principal amount of loans	$	1,263	$	1,396
Principal amount of loans past due 90 days or more	$	234	$	257

Other VIEs

Affordable Housing Entities

As part of our community reinvestment initiatives, we invest in private investment funds that make equity investments in multi-family affordable housing properties. We receive affordable housing tax credits for these investments. The activities of these entities are financed with a combination of invested equity capital and debt. For those investment funds considered to be VIEs, we are not required to consolidate if we do not have the power to direct the activities that most significantly impact the economic performance of those entities. We record our interests in these unconsolidated VIEs in loans held for investment, other assets and other liabilities. Our interests consisted of assets of approximately $1.9 billion and $1.7 billion as of September 30, 2011 and December 31, 2010, respectively. Our maximum exposure to these entities is limited to our variable interests in the entities and is $1.9 billion as of September 30, 2011. The creditors of the VIEs have no recourse to our general credit and we do not provide additional financial or other support during the period that we were not previously contractually required to provide. The total assets of the unconsolidated VIE investment funds were approximately $7.8 billion and $7.5 billion as of September 30, 2011 and December 31, 2010, respectively.

Entities that Provide Capital to Low-Income and Rural Communities

We hold 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 our variable interests. 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. We receive federal and state tax credits for these investments. We consolidate the VIEs in which we have the power to direct the activities that most significantly impact the VIE's economic performance and the obligation to absorb losses or the right to receive benefits that could be potentially significant to the VIE. The assets of the VIEs that we consolidated totaled approximately $251 million and $230 million as of September 30, 2011 and December 31, 2010, respectively. The assets of the consolidated VIEs are reflected on our consolidated balance sheets in cash, loans held for investment, interest receivable and other assets. The liabilities are reflected in other liabilities.

The total assets of the VIEs that we held an interest in but were not required to consolidate totaled approximately $6 million as of both September 30, 2011 and December 31, 2010. Our interests in these unconsolidated VIEs are reflected on our consolidated balance sheets in loans held for investment and other assets. Our maximum exposure to these entities is limited to our variable interest of $6 million as of September 30, 2011. The creditors of the VIEs have no recourse to our general credit. We have not provided additional financial or other support during the period that we were not previously contractually required to provide.

Other

We have a variable interest in Capital One Financial Advisors, LLC which we consolidate as we have the power to direct the activities that most significantly impact the VIE's economic performance and the obligation to absorb losses or the right to receive benefits that could be potentially significant to the VIE. The assets of the VIEs that we consolidated totaled approximately $1 million and $0 million as of September 30, 2011 and December 31, 2010, respectively. The assets are consolidated in our balance sheet in cash and other assets.

We also have a variable interest in a trust that has a royalty interest in certain oil and gas properties. The activities of the trust are financed solely with debt. The total assets of the trust were $324 million and $395 million as of September 30, 2011 and December 31, 2010, respectively. We were not required to consolidate the trust because we do not have the power to direct the activities of the trust that most significantly impact the trust's economic performance. Our retained interest in the trust, which totaled approximately $146 million and $174 million as of September 30, 2011 and December 31, 2010, respectively, is reflected on our consolidated balance sheets under loans held for investment. Our maximum exposure is limited to our variable interest of $146 million as of September 30, 2011. The creditors of the trust have no recourse to our general credit. We have not provided additional financial or other support during the period that we were not previously contractually required to provide.

Goodwill And Other Intangible Assets

9 Months Ended

Sep. 30, 2011

Goodwill And Other Intangible Assets [Abstract]

Goodwill And Other Intangible Assets

NOTE 8—GOODWILL AND OTHER INTANGIBLE ASSETS

The following table presents the components of goodwill and other intangible assets, including mortgage servicing rights, as of September 30, 2011 and December 31, 2010:


(Dollars in millions)	September 30, 2011		December 31, 2010
Goodwill	$	13,593	$	13,591
Other intangible assets:
Core deposit intangibles		520		650
Contract intangible⁽¹⁾		53		0
Purchased credit card relationship intangibles⁽²⁾		56		42
Lease intangibles		22		26
Trust intangibles		5		6
Other intangibles		4		9

Total other intangible assets		660		733

Total goodwill and other intangible assets	$	14,253	$	14,324

Mortgage servicing rights	$	94	$	141

⁽¹⁾	Relates to the acquisition of the HBC portfolio in the first quarter of 2011.

⁽²⁾	Relates to the acquisitions of the Kohl's private-label credit card portfolio in the second quarter of 2011, the existing HBC credit card portfolio in the first quarter of 2011 and the Sony Card portfolio in the third quarter of 2010.

Goodwill

In accordance with accounting guidance, goodwill is not amortized but is tested for impairment at the reporting unit level, which is at the operating segment level or one level below an operating segment. Impairment is the condition that exists when the carrying amount of goodwill exceeds its implied fair value. Goodwill is required to be tested for impairment annually and between annual tests if events or circumstances change, such as adverse changes in the business climate, that would more likely than not reduce the fair value of the reporting unit below its carrying value. Goodwill is assigned to one or more reporting units at the date of acquisition. Our reporting units are Domestic Card, International Card, Auto Finance, other Consumer Banking and Commercial Banking. As of September 30, 2011 and December 31, 2010, goodwill of $13.6 billion was included in the accompanying consolidated balance sheets. There were no events requiring an interim impairment test and there has been no goodwill impairment recorded for the three and nine months ended September 30, 2011.

During the first quarter of 2011, we acquired the credit card portfolio of HBC. In connection with the acquisition, we recorded goodwill of $3 million representing the amount by which the purchase price exceeded the fair value of the net assets acquired. Because the acquisition was considered to be a taxable transaction, the goodwill is deductible for tax purposes. The goodwill was assigned to the International Card reporting unit of our Credit Card segment and the acquired loan portfolio is reflected in the operations of our International Card business. See "Note 2—Acquisitions" for information regarding the credit card portfolio acquisition.

The following table presents a summary of changes in goodwill, by segment, for the nine months ended September 30, 2011:


(Dollars in millions)	Credit Card			Consumer		Commercial		Total
Balance as of December 31, 2010	$	4,690		$	4,583	$	4,318	$	13,591
Acquisitions		3			0		0		3
Other adjustments		(1	)		0		0		(1	)

Balance as of September 30, 2011	$	4,692		$	4,583	$	4,318	$	13,593

Other Intangible Assets

In connection with prior acquisitions, we recorded intangible assets which consisted of core deposit intangibles, trust intangibles, lease intangibles, and other intangibles, which are subject to amortization. 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.

In connection with the acquisition of the credit card loan portfolios of Sony, HBC and Kohl's, we recognized purchased credit card relationship intangibles, representing the difference between the purchase price and the fair value of the credit card loans acquired. In connection with the January 7, 2011 acquisition of the HBC credit card portfolio, we also recognized a contract-based intangible asset of $70 million. The contract intangible represents the value attributable to future draws on future accounts.

The following table summarizes our intangible assets subject to amortization as of September 30, 2011 and December 31, 2010:


	September 30, 2011
(Dollars in millions)	Gross Carrying Amount		Accumulated Amortization			Currency Valuation Adjustments			Net Carrying Amount		Remaining Amortization Period
Core deposit intangibles	$	1,562	$	(1,042	)	$	0		$	520		6.2 years
Purchased credit card relationship intangibles⁽¹⁾		77		(20	)		(1	)		56		5.5 years
Contract intangible⁽²⁾		70		(14	)		(3	)		53		6.3 years
Lease intangibles		54		(32	)		0			22		21.0 years
Trust intangibles		11		(6	)		0			5		12.2 years
Other intangibles		25		(21	)		0			4		2.6 years

Total	$	1,799	$	(1,135	)	$	(4	)	$	660


	December 31, 2010
(Dollars in millions)	Gross Carrying Amount		Accumulated Amortization			Currency Valuation Adjustments		Net Carrying Amount		Remaining Amortization Period
Core deposit intangibles	$	1,562	$	(912	)	$	0	$	650		7.0 years
Purchased credit card relationship intangibles⁽¹⁾		47		(5	)		0		42		6.1 years
Lease intangibles		54		(28	)		0		26		21.7 years
Trust intangibles		11		(5	)		0		6		12.9 years
Other intangibles		35		(26	)		0		9		3.3 years

Total	$	1,709	$	(976	)	$	0	$	733

⁽¹⁾	Relates to the acquisitions of the existing Kohl's private-label credit card portfolio in the second quarter of 2011, the existing HBC credit card portfolio in the first quarter of 2011 and the existing Sony Card portfolio in the third quarter of 2010.

⁽²⁾	Relates to the acquisition of the existing HBC credit card portfolio in the first quarter of 2011.

Intangible assets, which are reported in other assets on our consolidated balance sheets, are amortized over their respective estimated useful lives on an accelerated basis using the sum of the year's digits methodology. Intangible amortization expense, which is included in non-interest expense on our consolidated statements of income, totaled $55 million and $54 million for the three months ended September 30, 2011 and 2010, respectively, and $170 million and $166 million for the nine months ended September 30, 2011 and 2010, respectively. The weighted average amortization period for purchase accounting intangibles is 6.6 years as of September 30, 2011.

The following table summarizes the estimated future amortization expense for intangible assets as of September 30, 2011:


(Dollars in millions)	Estimated Future Amortization Amounts
2011 (remaining three months)	$	52
2012		183
2013		148
2014		113
2015		80
2016		49
Thereafter		35

Total	$	660

Mortgage Servicing Rights

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 are recorded as a component of mortgage servicing and other income. We may enter into derivatives to economically hedge changes in fair value of MSRs. We have no other loss exposure on MSRs in excess of the recorded fair value.

We continue 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 MSRs during the three and nine months ended September 30, 2011 and 2010:


	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in millions)	2011			2010			2011			2010
Balance at beginning of period	$	130		$	137		$	141		$	240
Originations		1			2			7			8
Sales		0			0			0			(42	)
Change in fair value, net		(37	)		(15	)		(54	)		(82	)

Balance at end of period	$	94		$	124		$	94		$	124

Ratio of mortgage servicing rights to related loans serviced for others		0.51	%		0.61	%		0.65	%		0.72	%
Weighted average service fee		0.28			0.28			0.28			0.28

MSR fair value adjustments for the three and nine months ended September 30, 2011 included decreases of $3 million and $10 million, respectively, due to run-off, and decreases of $34 million and $44 million, respectively, due to changes in the valuation inputs and assumptions.

MSR fair value adjustments for the three and nine months ended September 30, 2010 included decreases of $2 million and $19 million, respectively, due to run-off and cash collections, and decrease of $13 million and $63 million, respectively, due to changes in the valuation inputs and assumptions.

The significant assumptions used in estimating the fair value of the MSRs as of September 30, 2011 and 2010 were as follows:


	September 30,
	2011			2010
Weighted average prepayment rate (includes default rate)		18.53	%		17.59	%
Weighted average life (in years)		4.86			5.09
Discount rate		11.72	%		11.71	%

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

At September 30, 2011, the sensitivities to immediate 10% and 20% increases in the weighted average prepayment rates would decrease the fair value of mortgage servicing rights by $5 million and $10 million, respectively.

At September 30, 2011, the sensitivities to immediate 10% and 20% adverse changes in servicing costs would decrease the fair value of mortgage servicing rights by $9 million and $19 million, respectively.

As of September 30, 2011, our mortgage loan servicing portfolio consisted of mortgage loans with an aggregate unpaid principal balance of $27.9 billion, of which $18.6 billion was serviced for other investors. As of December 31, 2010, our mortgage loan servicing portfolio consisted of mortgage loans with an aggregate unpaid principal balance of $30.8 billion, of which $20.2 billion was serviced for other investors.

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

Derivative Instruments And Hedging Activities [Abstract]

Deposits And Borrowings

9 Months Ended

Sep. 30, 2011

Deposits And Borrowings [Abstract]

Deposits And Borrowings

NOTE 9—DEPOSITS AND BORROWINGS

Customer Deposits

Our customer deposits, which have become our largest source of funding for our operations and asset growth, consist of non-interest bearing and interest-bearing deposits, including demand deposits, money market deposits, negotiable order of withdrawal ("NOW") accounts, savings accounts and certificates of deposit.

As of September 30, 2011, we had $110.8 billion in interest-bearing deposits, of which $5.2 billion represented large denomination certificates of $100,000 or more. As of December 31, 2010, we had $107.2 billion in interest-bearing deposits, of which $6.5 billion represented large denomination certificates of $100,000 or more.

Borrowings

We also access the capital markets to meet our funding needs through loan securitization transactions and the issuance of senior and subordinated debt. As of September 30, 2011, we had an effective shelf registration statement filed with the U.S. Securities & Exchange Commission ("SEC") under which, from time to time, we may offer and sell an indeterminate aggregate amount of senior or subordinated debt securities, preferred stock, depository shares representing preferred stock, common stock, purchase contracts, warrants, units, trust preferred securities, junior subordinated debentures, guarantees of trust preferred securities and certain back-up obligations. There is no limit under this shelf registration statement to the amount or number of such securities that we may offer and sell. Under SEC rules, the shelf registration statement, which we filed in May 2009, expires three years after filing.

In addition to issuance capacity under the shelf registration statement, we have access to other borrowing programs, including advances from the Federal Home Loan Bank ("FHLB"). Our FHLB membership is secured by our investment in FHLB stock, which totaled $218 million as of September 30, 2011 and $269 million as of December 31, 2010.

Securitized Debt Obligations

We had $17.1 billion and $26.8 billion of securitized debt obligations as of September 30, 2011 and December 31, 2010, respectively, all of which are held by third party investors.

Senior and Subordinated Debt

As of September 30, 2011, we had $11.1 billion of senior and subordinated notes outstanding, including $840 million in fair value hedging losses. As of December 31, 2010, we had $8.7 billion of senior and subordinated notes outstanding, including $578 million in fair value hedging losses. One senior note for $854 million matured during the three months ended September 30, 2011. During the third quarter of 2011, we issued four different series of our senior notes for total proceeds of approximately $3.0 billion. The offering of senior notes included $250 million aggregate principal amount of our Floating Rate Senior Notes due 2014, $750 million aggregate principal amount of our 2.125% Senior Notes due 2014, $750 million aggregate principal amount of our 3.150% Senior Notes due 2016 and $1.25 billion aggregate principal amount of our 4.750% Senior Notes due 2021.

If we do not consummate the ING Direct acquisition on or prior to June 30, 2012, or if the purchase and sale agreement governing the ING Direct acquisition is terminated at any time prior to such date, we must redeem all the 2011 Notes at a redemption price equal to 101% of the aggregate principal amount of the 2011 Notes, plus accrued and unpaid interest from July 19, 2011, or the most recent date to which interest has been paid or provided for, as the case may be, to but excluding the mandatory redemption date of the 2011 Notes.

Under a Senior and Subordinated Global Bank Note Program, COBNA has the ability to issue debt 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 $817 million and $820 million outstanding at September 30, 2011 and December 31, 2010, respectively.

See "Note 10—Derivative Instruments and Hedging Activities" for information about our fair value hedging activities.

Junior Subordinated Debentures

We had $3.6 billion of outstanding junior subordinated debentures as of both September 30, 2011 and December 31, 2010. There were no junior subordinated borrowings that were called or matured during the nine months ended September 30, 2011.

FHLB Advances

We had outstanding FHLB advances, which are secured by our investment securities, residential home loan portfolio, multifamily loans, commercial real estate loans and home equity lines of credit, totaling $1.1 billion as of both September 30, 2011 and December 31, 2010.

Composition of Customer Deposits, Short-term Borrowings and Long-term Debt

The table below summarizes the components of our deposits, short-term borrowings and long-term debt as of September 30, 2011 and December 31, 2010. Our total short-term borrowings consist of federal funds purchased and securities loaned under agreements to repurchase and other short-term borrowings with an original contractual maturity of one year or less. Our long-term debt consists of borrowings with an original contractual maturity of greater than one year. The amounts presented for outstanding borrowings include unamortized debt premiums and discounts, net of fair value hedge accounting adjustments.


(Dollars in millions)	September 30, 2011		December 31, 2010
Deposits:
Non-interest bearing deposits	$	17,541	$	15,048
Interest-bearing deposits		110,777		107,162

Total deposits	$	128,318	$	122,210

Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$	1,441	$	1,517
Other short-term borrowings		0		7

Total short-term borrowings		1,441		1,524

Long-term debt:
Securitized debt obligations		17,120		26,836	⁽¹⁾
Senior and subordinated notes:
Unsecured senior debt		7,112		4,883
Unsecured subordinated debt		3,939		3,767

Total senior and subordinated notes		11,051		8,650

Other long-term borrowings:
Junior subordinated debt		3,642		3,642
FHLB advances		1,061		1,144

Other long-term borrowings		4,703		4,786

Total long-term debt		32,874		40,272

Total short-term borrowings and long-term debt	$	34,315	$	41,796

⁽¹⁾	Includes fair value hedges related to securitized debt of $79 million as of December 31, 2010, which was included on the consolidated balance sheet in Other borrowings.

Components of Interest Expense

The following table displays interest expense attributable to short-term borrowings and long-term debt for the three and nine months ended September 30, 2011 and 2010:


	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in millions)	2011		2010		2011		2010
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$	1	$	1	$	4	$	3
FHLB advances		1		0		1		0

Total short-term borrowings		2		1		5		3

Long-term debt:
Securitized debt obligations		89		191		342		644
Senior and subordinated notes:
Unsecured senior debt		54		41		123		119
Unsecured subordinated debt		30		31		88		92

Total senior and subordinated notes		84		72		211		211

Other long-term borrowings:
Junior subordinated debt		79		78		231		242
FHLB advances		2		4		9		17
Other		2		2		6		3

Other long-term borrowings		83		84		246		262

Total long-term debt		256		347		799		1,117

Total short-term borrowings and long-term debt	$	258	$	348	$	804	$	1,120

Derivative Instruments And Hedging Activities

9 Months Ended

Sep. 30, 2011

Derivative Instruments And Hedging Activities

NOTE 10—DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Use of Derivatives

We manage our asset/liability position and market risk exposure in accordance with prescribed risk management policies and limits established by our Asset Liability Management Committee and approved by our Board of Directors. Our primary market risk stems from the impact on our earnings and economic value of equity from changes in interest rates, and to a lesser extent, changes in foreign exchange rates. We manage our interest rate sensitivity through several approaches, which include, but are not limited to, changing the maturity and re-pricing characteristics of various balance sheet categories and by entering into interest rate derivatives. Derivatives are also utilized to manage our exposure to changes in foreign exchange rates. Derivative instruments may be privately negotiated contracts, which are often referred to as over-the-counter ("OTC") derivatives, or they may be listed and traded on an exchange. We execute our derivative contracts in both the OTC and exchange-traded derivative markets. In addition to interest rate swaps, we use a variety of other derivative instruments, including caps, floors, options, futures and forward contracts, to manage our interest rate and foreign currency risk. On a regular basis, we enter into customer-accommodation derivative transactions. We engage in these transactions as a service to our commercial banking customers to facilitate their risk management objectives. We typically offset the market risk exposure to our customer-accommodation derivatives through derivative transactions with other counterparties.

Accounting for Derivatives

We account for derivatives pursuant to the accounting standards for derivatives and hedging. The outstanding notional amount of our derivative contracts totaled $71.9 billion as of September 30, 2011, compared with $50.7 billion as of December 31, 2010. The notional amount provides an indication of the volume of our derivatives activity and is used as the basis on which interest and other payments are determined; however, it is generally not the amount exchanged. Derivatives are recorded at fair value in our consolidated balance sheets. The fair value of a derivative represents our estimate of the amount at which a derivative could be exchanged in an orderly transaction between market participants. We report derivatives in a gain position, or derivative assets, in our consolidated balance sheets as a component of other assets. We report derivatives in a loss position, or derivative liabilities, in our consolidated balance sheets as a component of other liabilities. We report derivative asset and liability amounts on a gross basis based on individual contracts, which does not take into consideration the effects of master counterparty netting agreements or collateral netting. The fair value of derivative assets and derivative liabilities reported in our consolidated balance sheets was $2.1 billion and $926 million, respectively, as of September 30, 2011, compared with $1.3 billion and $636 million, respectively, as of December 31, 2010.

Our derivatives are designated as either qualifying accounting hedges or free-standing derivatives. Free-standing derivatives consist of customer-accommodation derivatives and economic hedges that we enter into for risk management purposes that are not linked to specific assets or liabilities or to forecasted transactions and, therefore, do not qualify for hedge accounting. Qualifying accounting hedges are designated as fair value hedges, cash flow hedges or net investment hedges.

•

Fair Value Hedges: We designate derivatives as fair value hedges to manage our exposure to changes in the fair value of certain financial assets and liabilities, which fluctuate in value as a result of movements in interest rates. Changes in the fair value of derivatives designated as fair value hedges are recorded in earnings together with offsetting changes in the fair value of the hedged item and any resulting ineffectiveness. Our fair value hedges consist of interest rate swaps that are intended to modify our exposure to interest rate risk on various fixed rate senior notes, subordinated notes, securitization debt, brokered certificates of deposits and U.S. agency investments. These hedges have maturities through 2019 and have the effect of converting some of our fixed rate debt, deposits and investments to variable rate.

•

Cash Flow Hedges: We designate derivatives as cash flow hedges to manage our exposure to variability in cash flows related to forecasted transactions. Changes in the fair value of derivatives designated as cash flow hedges are recorded as a component of AOCI, to the extent that the hedge relationships are effective, and amounts are reclassified from AOCI to earnings as the forecasted transactions occur. To the extent that any ineffectiveness exists in the hedge relationships, the amounts are recorded in current period earnings. Our cash flow hedges consist of interest rate swaps that are intended to hedge the variability in interest payments on some of our variable rate debt issuances and assets through 2017. These hedges have the effect of converting some of our variable rate debt and assets to a fixed rate. We also have entered into forward foreign currency derivative contracts to hedge our exposure to variability in cash flows related to foreign currency denominated debt.

•

Net Investment Hedges: We use net investment hedges, primarily forward foreign exchange contracts, to manage the exposure related to our net investments in consolidated foreign operations that have functional currencies other than the U.S. dollar. Changes in the fair value of net investment hedges are recorded in the translation adjustment component of AOCI.

•

Free-Standing Derivatives: We use free-standing derivatives, or economic hedges, to hedge the risk of changes in the fair value of residential MSRs, mortgage loan origination and purchase commitments and other interests held. We also categorize our customer-accommodation derivatives and the related offsetting contracts as free-standing derivatives. Changes in the fair value of free-standing derivatives are recorded in earnings as a component of other non-interest income.

Balance Sheet Presentation

The following table summarizes the fair value and related outstanding notional amounts of derivative instruments reported in our consolidated balance sheets as of September 30, 2011 and December 31, 2010. The fair value amounts are segregated by derivatives that are designated as accounting hedges and those that are not, and are further segregated by type of contract within those two categories.


	September 30, 2011						December 31, 2010
	Notional or Contractual Amount		Derivatives at Fair Value				Notional or Contractual Amount		Derivatives at Fair Value
(Dollars in millions)	Notional or Contractual Amount		Assets⁽¹⁾		Liabilities⁽¹⁾		Notional or Contractual Amount		Assets⁽¹⁾		Liabilities⁽¹⁾
Derivatives designated as accounting hedges:
Interest rate contracts:
Fair value interest rate contracts	$	15,052	$	1,052	$	1	$	17,001	$	747	$	77
Cash flow interest rate contracts		6,325		79		137		8,585		14		151

Total interest rate contracts		21,377		1,131		138		25,586		761		228

Foreign exchange contracts:
Cash flow foreign exchange contracts		4,341		279		0		2,266		5		26
Net investment foreign exchange contracts		0		0		0		52		0		1

Total foreign exchange contracts		4,341		279		0		2,318		5		27

Total derivatives designated as accounting hedges		25,718		1,410		138		27,904		766		255

Derivatives not designated as accounting hedges:⁽¹⁾
Interest rate contracts covering:
MSRs		383		18		13		625		3		18
Customer accommodation⁽²⁾		15,232		458		404		12,255		282		244
Other interest rate exposures		28,153		35		300		7,579		46		35

Total interest rate contracts		43,768		511		717		20,459		331		297

Foreign exchange contracts		1,488		219		66		1,384		214		67
Other contracts		957		3		5		980		8		17

Total derivatives not designated as accounting hedges		46,213		733		788		22,823		553		381

Total derivatives	$	71,931	$	2,143	$	926	$	50,727	$	1,319	$	636

⁽¹⁾

Derivative asset and liability amounts are presented on a gross basis based on individual contracts and do not reflect the impact of legally enforceable master counterparty netting agreements, collateral received/posted or net credit risk valuation adjustments. We recorded a net cumulative credit risk valuation adjustment related to our derivative positions of $39 million and $20 million as of September 30, 2011 and December 31, 2010, respectively. See "Derivative Counterparty Credit Risk" below for additional information.

⁽²⁾	Customer accommodation derivatives include those entered into with our commercial banking customers and those entered into with other counterparties to offset the market risk.

We took several actions during the third quarter of 2011 to manage the anticipated impact of the pending ING Direct acquisition on our market risk exposure and regulatory capital requirements. Since the date we entered into the agreement to acquire ING Direct, interest rates have declined substantially, and our current estimate of the fair value of the ING Direct net assets and liabilities has increased correspondingly. In order to capture some of the anticipated benefits to regulatory capital on the closing date attributable to this decline in interest rates, in August 2011, we entered into various pay-fixed/receive-floating interest-rate swap transactions with a total notional principal amount of approximately $23.8 billion. These swap transactions are designed to mitigate the effect of a rise in interest rates on the fair values of a significant portion of the ING Direct assets and liabilities during the period from when we entered into the swap transactions to the anticipated closing date of the ING Direct acquisition in late 2011 or early 2012. Although the interest-rate swaps represent economic hedges, they are not designated for hedge accounting. Accordingly, changes in the fair value are recorded in earnings. We recognized a mark-to-market loss on these interest-rate swaps of $266 million in the third quarter of 2011, which was attributable to a decline in interest rates as of the end of the quarter. Changes in the fair value of these interest-rate swaps will continue to be recorded in earnings until the swaps are terminated.

During the third quarter of 2011, we discontinued hedge accounting on our only net investment hedge. Therefore, we did not have any net investment hedge outstanding as of September 30, 2011.

Income Statement Presentation and AOCI

The following tables summarize the impact of derivatives and related hedged items on our consolidated statements of income and AOCI.

Fair Value Hedges and Free-Standing Derivatives

The net gains (losses) recognized in earnings related to derivatives in fair value hedging relationships and free-standing derivatives are presented below for the three and nine months ended September 30, 2011 and 2010.


	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in millions)	2011			2010			2011			2010
Derivatives designated as accounting hedges:
Fair value interest rate contracts:
Gain recognized in earnings on derivatives⁽¹⁾	$	339		$	231		$	380		$	757
Loss recognized in earnings on hedged items⁽¹⁾		(334	)		(230	)		(372	)		(718	)

Net fair value hedge ineffectiveness gain		5			1			8			39

Derivatives not designated as accounting hedges:
Interest rate contracts covering:
MSRs⁽¹⁾		6			(4	)		2			(17	)
Customer accommodation⁽¹⁾		5			6			15			14
Other interest rate exposures⁽¹⁾⁽²⁾		(273	)		(1	)		(267	)		5

Total		(262	)		1			(250	)		2

Foreign exchange contracts⁽¹⁾		6			(7	)		4			1
Other contracts⁽¹⁾		14			12			23			44

Total gain (loss) on derivatives not designated as accounting hedges		(242	)		6			(223	)		47

Net derivatives gain (loss) recognized in earnings	$	(237	)	$	7		$	(215	)	$	86

⁽¹⁾	Amounts are recorded in our consolidated statements of income in other non-interest income.

⁽²⁾	Includes $266 million in mark-to-market losses recorded in the third quarter of 2011 on interest-rate swap transactions related to the pending ING Direct acquisition discussed above.

The derivative losses for the third quarter and first nine months of 2011 were primarily attributable to the $266 million mark-to-market loss recorded in the third quarter of 2011 on the interest-rate swap transactions related to the pending ING Direct acquisition. Because these interest-rate swaps are not designated for hedge accounting, we will continue to record changes in the fair value of these interest-rate swaps in earnings until the swaps are terminated.

Cash Flow and Net Investment Hedges

The table below shows the net gains (losses) related to derivatives designated as cash flow hedges and net investment hedges for the three and nine months ended September 30, 2011 and 2010:


	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in millions)	2011			2010			2011			2010
Gain (loss) recorded in AOCI:⁽¹⁾
Cash flow hedges:
Interest rate contracts	$	14		$	(13	)	$	35		$	(28	)
Foreign exchange contracts		(5	)		(1	)		(15	)		1

Subtotal		9			(14	)		20			(27	)

Net investment hedges:
Foreign exchange contracts		(1	)		(3	)		(2	)		(1	)

Net derivative gain (loss) recognized in AOCI	$	8		$	(17	)	$	18		$	(28	)

Gain (loss) recorded in earnings:
Cash flow hedges:
Gain (loss) reclassified from AOCI into earnings:
Interest rate contracts⁽²⁾	$	(1	)	$	(8	)	$	1		$	(46	)
Foreign exchange contracts⁽³⁾		(5	)		(1	)		(14	)		1

Subtotal		(6	)		(9	)		(13	)		(45	)
Gain (loss) recognized in earnings due to ineffectiveness:
Interest rate contracts⁽³⁾		0			0			0			1
Foreign exchange contracts⁽³⁾		0			0			0			0

Subtotal		0			0			0			1

Net derivative loss recognized in earnings	$	(6	)	$	(9	)	$	(13	)	$	(44	)

⁽¹⁾	Amounts represent the effective portion.

⁽²⁾	Amounts reclassified are recorded in our consolidated statements of income in interest income, interest expense or other non-interest income.

⁽³⁾	Amounts reclassified are recorded in our consolidated statements of income in other non-interest income.

We expect to reclassify net after-tax gains of $2 million recorded in AOCI as of September 30, 2011, related to derivatives designated as cash flow hedges to earnings over the next 12 months, which we expect to offset against the cash flows associated with the hedged forecasted transactions. The maximum length of time over which forecasted transactions were hedged was six years as of September 30, 2011. The amount we expect to reclassify into earnings may change as a result of changes in market conditions and ongoing actions taken as part of our overall risk management strategy.

Credit Default Swaps

We have credit exposure on credit default swap agreements that we entered into to manage our risk of loss on certain manufactured housing securitizations issued by GreenPoint Credit LLC in 2000. Our maximum credit exposure related to these swap agreements totaled $24 million and $27 million as of September 30, 2011 and December 31, 2010, respectively. These agreements are recorded in our consolidated balance sheets as a component of other liabilities. The value of our obligations under these swaps was $15 million as of September 30, 2011 and $18 million as of December 31, 2010. See "Note 7—Variable Interest Entities and Securitizations" for additional information about our manufactured housing securitization transactions.

Credit Risk-Related Contingency Features

Certain of our derivative contracts include provisions requiring that our debt maintain a credit rating of investment grade or above by each of the major credit rating agencies. In the event of a downgrade of our debt credit rating below investment grade, some of our derivative counterparties would have the right to terminate the derivative contract and close-out the existing positions. Other derivative contracts include provisions that would, in the event of a downgrade of our debt credit rating below investment grade, allow our derivative counterparties to demand immediate and ongoing full overnight collateralization on derivative instruments in a net liability position. Certain of our derivative contracts may allow, in the event of a downgrade of our debt credit rating of any kind, our derivative counterparties to demand additional collateralization on such derivative instruments in a net liability position. The fair value of derivative instruments with credit-risk-related contingent features in a net liability position was $81 million and $66 million as of September 30, 2011 and December 31, 2010, respectively. We were required to post collateral, consisting of a combination of cash and securities, totaling $343 million and $229 million as of September 30, 2011 and December 31, 2010, respectively. If our debt credit rating had fallen below investment grade, we would have been required to post additional collateral of $43 million and $39 million as of September 30, 2011 and December 31, 2010, respectively.

Derivative Counterparty Credit Risk

Derivative instruments contain an element of credit risk that arises from the potential failure of a counterparty to perform according to the contractual terms of the contract. Our exposure to derivative counterparty credit risk at any point in time is represented by the fair value of derivatives in a gain position, or derivative assets, assuming no recoveries of underlying collateral. To mitigate the risk of counterparty default, we maintain collateral agreements with certain derivative counterparties. These agreements typically require both parties to maintain collateral in the event the fair values of derivative financial instruments exceed established thresholds. We received cash collateral from derivatives counterparties totaling $1.1 billion and $668 million as of September 30, 2011 and December 31, 2010, respectively. We posted cash collateral in accounts maintained by derivatives counterparties totaling $343 million and $229 million as of September 30, 2011 and December 31, 2010, respectively.

We record counterparty credit risk valuation adjustments on our derivative assets to properly reflect the credit quality of the counterparty. We consider collateral and legally enforceable master netting agreements that mitigate our credit exposure to each counterparty in determining the counterparty credit risk valuation adjustment, which may be adjusted in future periods due to changes in the fair value of the derivative contract, collateral and creditworthiness of the counterparty. The cumulative counterparty credit risk valuation adjustment recorded on our consolidated balance sheets as a reduction in the derivative asset balance was $41 million and $22 million as of September 30, 2011 and December 31, 2010, respectively. We also adjust the fair value of our derivative liabilities to reflect the impact of our credit quality. We calculate this adjustment by comparing the spreads on our credit default swaps to the discount benchmark curve. The cumulative credit risk valuation adjustment related to our credit quality recorded on our consolidated balance sheets as a reduction in the derivative liability balance was $2 million as of both September 30, 2011 and December 31, 2010.

On July 19, 2011, we closed a public offering of shares of our common stock, subject to forward sale agreements that we entered into with certain counterparties acting as forward purchasers. The forward purchasers agreed to borrow and sell to the public, through the underwriters, 40 million shares of our common stock at a price per share of $50.00. After underwriter's discounts and commissions, the net proceeds to the company will be at an initial forward sale price per share of $48.50. The forward sale price is subject to adjustment under the forward sale agreements. Under the terms of the forward sale agreements, we must settle the forward sale agreements on or before February 15, 2012. We expect to settle the forward sale agreements entirely by physical delivery of shares of common stock in exchange for cash proceeds from the forward purchasers of approximately $1.9 billion based on the initial forward price. We have the right to elect net share or cash settlement under the forward sale agreements, rather than physical settlement. Depending on the price of our common stock at the time, we may have credit exposure to the forward purchasers in the event that we are entitled to receive payment from these counterparties should we choose to settle the forward sale agreements other than by physical settlement. Conversely, we may have the obligation to make payment to the forward purchasers if we chose net share or cash settlement. In addition, the forward purchasers have the obligation to deliver cash proceeds to us in exchange for our issuance of common stock at the time of physical settlement. Until the time of settlement, the impact of these potential obligations are not reflected in our financial statements. Neither our counterparties' nor our obligations under the forward sale agreements are collateralized. Except under limited circumstances, under the terms of the forward sale agreements we have the right to physical settlement at any time.

We provide additional information on our management of derivative counterparty credit risk in our 2010 Form 10-K "Note 11—Derivative Instruments and Hedging Activities."

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

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Stockholders' Equity

9 Months Ended

Sep. 30, 2011

Stockholders' Equity [Abstract]

Stockholders' Equity

NOTE 11— STOCKHOLDERS' EQUITY

Accumulated Other Comprehensive Income (AOCI)

The following table presents the components of AOCI, net of deferred taxes of $182 million and $143 million, as of September 30, 2011 and December 31, 2010, respectively.


(Dollars in millions)	September 30, 2011			December 31, 2010
AOCI Components:
Net unrealized gains on securities⁽¹⁾	$	380		$	333
Net unrecognized elements of defined benefit plans		(30	)		(29	)
Foreign currency translation adjustments		(56	)		(36	)
Unrealized losses on cash flow hedging instruments and Other		(21	)		(52	)
Other-than-temporary impairment not recognized in earnings on securities		35			49
Initial application of measurement date provisions for postretirement benefits other than pensions		(1	)		(1	)
Initial application from adoption of consolidation standards		(16	)		(16	)

Total accumulated other comprehensive income	$	291		$	248

⁽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 $126 million (net of income tax of $81 million) and $105 million (net of income tax of $68 million) was reported in other comprehensive income as of September 30, 2011 and December 31, 2010, respectively.

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 20: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
-URI http://asc.fasb.org/extlink&oid=6228006&loc=d3e74512-122707

Reference 21: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 22: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 23: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB TOPIC 4.C)
-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187143-122770

Earnings Per Common Share [Abstract]

Earnings Per Common Share

9 Months Ended

Sep. 30, 2011

Earnings Per Common Share

NOTE 12— EARNINGS PER COMMON SHARE

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


	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars and shares in millions, except per share-related data)	2011			2010			2011			2010
Earnings:
Income from continuing operations, net of tax	$	865		$	818		$	2,842		$	2,349
Loss from discontinued operations, net of tax		(52	)		(15	)		(102	)		(303	)

Net income	$	813		$	803		$	2,740		$	2,046

Shares:
Weighted-average common shares outstanding		456			453			455			452
Effect of dilutive securities⁽¹⁾:
Stock options		1			1			2			1
Contingently issuable shares		1			0			2			0
Restricted stock and units		2			3			2			3

Dilutive potential common shares		4			4			6			4

Adjusted weighted-average common shares outstanding		460			457			461			456

Basic earnings per share
Income from continuing operations	$	1.89		$	1.81		$	6.24		$	5.19
Loss from discontinued operations		(0.11	)		(0.03	)		(0.22	)		(0.66	)

Net income per basic common share	$	1.78		$	1.78		$	6.02		$	4.53

Diluted earnings per share
Income from continuing operations	$	1.88		$	1.79		$	6.17		$	5.15
Loss from discontinued operations		(0.11	)		(0.03	)		(0.22	)		(0.66	)

Net income per diluted common share	$	1.77		$	1.76		$	5.95		$	4.49

⁽¹⁾

Excluded from the computation of diluted earnings per share was 49 million and 30 million of awards, options or warrants, for the three months ended September 30, 2011 and 2010, respectively, and 22 million and 26 million of awards, options or warrants, for the nine months ended September 30, 2011 and 2010, respectively, because their inclusion would be anti-dilutive.

Prior to any issuance of shares of our common stock upon settlement of the forward sale agreements, the forward sale agreements will be reflected in our diluted earnings per share calculations using the treasury stock method. Under this method, the number of shares of our common stock used in calculating diluted earnings per share is increased by the excess, if any, of the number of shares that would be issued upon physical settlement of the forward sale agreements in whole over the number of shares that could be purchased by us in the market (based on the average market price during the reporting period) using the proceeds receivable upon settlement (based on the adjusted forward sale price at the end of the reporting period).

Fair Value Of Financial Instruments

9 Months Ended

Sep. 30, 2011

Fair Value Of Financial Instruments [Abstract]

Fair Value Of Financial Instruments

NOTE 13— FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair Value

Fair value is defined as the price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date (also referred to as an exit price). The fair value accounting guidance provides a three-level fair value hierarchy for classifying financial instruments. This hierarchy is based on whether the inputs to the valuation techniques used to measure fair value are observable or unobservable. Fair value measurement of a financial asset or liability is assigned to a level based on the lowest level of any input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are described below:


Level 1:		Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2:		Observable market-based inputs, other than quoted prices in active markets for identical assets or liabilities.

Level 3:		Unobservable inputs.

The accounting guidance for fair value requires that we maximize the use of observable inputs and minimize the use of unobservable inputs in determining fair value. The accounting guidance for derivatives also provides for the irrevocable option to elect, on a contract-by-contract basis, to measure certain financial assets and liabilities at fair value at inception of the contract and record any subsequent changes in fair value into earnings. We had not made any material fair value option elections as of September 30, 2011 and December 31, 2010.

Level 1, 2 and 3 Valuation Techniques

Financial instruments are considered Level 1 when the valuation can be based on quoted prices in active markets for identical assets or liabilities. Level 2 financial instruments are valued using quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or models using inputs that are observable or can be corroborated by observable market data of substantially the full term of the assets or liabilities. Financial instruments are considered Level 3 when their values are determined using pricing models, discounted cash flow methodologies or similar techniques, and at least one significant model assumption or input is unobservable and when determination of the fair value requires significant management judgment or estimation.

The following table displays our assets and liabilities measured on our consolidated balance sheets at fair value on a recurring basis as of September 30, 2011 and December 31, 2010:

Assets and Liabilities Measured at Fair Value on a Recurring Basis

September 30, 2011

Fair Value Measurements Using

Assets/
Liabilities
at Fair Value

(Dollars in millions)

Level 1

Level 2

Level 3

Assets

Securities available for sale:

U.S. Treasury and other U.S. Agency

125

175

300

Residential mortgage-backed securities

26,829

191

27,020

Asset-backed securities

9,695

9,734

Commercial mortgage-backed securities

485

342

827

Other

277

230

519

Total securities available for sale

402

37,414

584

38,400

Other assets:

Mortgage servicing rights

Derivative receivables⁽¹⁾⁽²⁾

2,075

2,143

Retained interests in securitization

101

Total Assets

405

39,489

844

40,738

Liabilities

Other liabilities:

Derivative payables⁽¹⁾⁽²⁾

681

240

926

Total Liabilities

681

240

926


	December 31, 2010
	Fair Value Measurements Using						Assets/ Liabilities at Fair Value
(Dollars in millions)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets
Securities available for sale:
U.S. Treasury and other U.S. Agency	$	386	$	314	$	0	$	700
Residential mortgage-backed securities		0		29,626		578		30,204
Asset-backed securities		0		9,953		13		9,966
Commercial mortgage-backed securities		0		45		0		45
Other		293		322		7		622

Total securities available for sale		679		40,260		598		41,537
Other assets:
Mortgage servicing rights		0		0		141		141
Derivative receivables⁽¹⁾⁽²⁾		8		1,265		46		1,319
Retained interests in securitizations		0		0		117		117

Total Assets	$	687	$	41,525	$	902	$	43,114

Liabilities
Other liabilities:
Derivative payables⁽¹⁾⁽²⁾	$	18	$	575	$	43	$	636

Total Liabilities	$	18	$	575	$	43	$	636

⁽¹⁾

We do not offset the fair value of derivative contracts in a loss position against the fair value of contracts in a gain position. We also do 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⁾

Does not reflect $39 million and $20 million recognized as a net valuation allowance on derivative assets and liabilities for non-performance risk as of September 30, 2011 and December 31, 2010, 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 third quarter of 2011, we did not have material 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 reconciliation for all assets and liabilities measured and recognized at fair value on a recurring basis using significant unobservable inputs (Level 3).


(Dollars in millions)	Three Months Ended September 30, 2011
(Dollars in millions)	Securities Available for Sale			Mortgage Servicing Rights			Derivative Receivables⁽²⁾			Retained Interests in Securitizations⁽³⁾			Derivative Payables⁽²⁾
Balance, June 30, 2011	$	378		$	130		$	44		$	106		$	(42	)
Total realized and unrealized gains (losses):
Included in net income		0			(34	)⁽¹⁾		27			(5	)		(24	)
Included in other comprehensive income		(10	)		0			0			0			0
Purchases		282			0			0			0			0
Sales		(15	)		0			0			0			0
Issuances		0			1			3			0			(180	)
Settlements		(34	)		(3	)		(8	)		0			5
Transfers in to Level 3⁽⁴⁾		100			0			0			0			0
Transfers out of Level 3⁽⁴⁾		(117	)		0			(1	)		0			1

Balance, September 30, 2011	$	584		$	94		$	65		$	101		$	(240	)

Total unrealized gains (losses) included in net income related to assets and liabilities still held as of September 30, 2011⁽⁵⁾	$	0		$	(34	)	$	27		$	(5	)	$	(24	)


	Three Months Ended September 30, 2011
(Dollars in millions)	U.S. Treasury & Agency		Residential mortgage backed securities			Asset- backed Securities			Commercial mortgage- backed Securities			Other		Total
Securities Available for Sale
Balance, June 30, 2011	$	0	$	357		$	9		$	0		$	12	$	378
Total realized and unrealized gains (losses):
Included in net income		0		0			0			0			0		0
Included in other comprehensive income		0		(5	)		(4	)		(1	)		0		(10	)
Purchases		0		(34	)		34			282			0		282
Sales		0		0			0			(15	)		0		(15	)
Issuances		0		0			0			0			0		0
Settlements		0		(34	)		0			0			0		(34	)
Transfers in to Level 3⁽⁴⁾		0		24			0			76			0		100
Transfers out of Level 3⁽⁴⁾		0		(117	)		0			0			0		(117	)

Balance, September 30, 2011	$	0	$	191		$	39		$	342		$	12	$	584

Total unrealized gains (losses) included in net income related to assets and liabilities still held as of September 30, 2011⁽⁵⁾	$	0	$	0		$	0		$	0		$	0	$	0


	Three Months Ended September 30, 2010
(Dollars in millions)	Securities Available for Sale			Mortgage Servicing Rights			Derivative Receivables⁽²⁾			Retained Interests in Securitizations⁽³⁾			Derivative Payables⁽²⁾
Balance, June 30, 2010	$	1,212		$	137		$	51		$	196		$	(47	)
Total realized and unrealized gains (losses):
Included in net income		(3	)		(13	)⁽¹⁾		5			0			(7	)
Included in other comprehensive income		(23	)		0			0			0			0
Purchases, sales, issuances and settlements, net		(21	)		0			2			(72	)		0
Transfers in to Level 3⁽⁴⁾		349			0			0			0			0
Transfers out of Level 3⁽⁴⁾		(385	)		0			(1	)		0			1

Balance, September 30, 2010	$	1,129		$	124		$	57		$	124		$	(53	)

Total unrealized gains (losses) included in net income related to assets and liabilities still held as of September 30, 2010⁽⁵⁾	$	(3	)	$	(13	)	$	5		$	0		$	(7	)


	Three Months Ended September 30, 2010
(Dollars in millions)	U.S. Treasury & Agency		Residential mortgage backed securities			Asset- backed Securities			Commercial mortgage- backed Securities		Other		Total
Securities Available for Sale
Balance, June 30, 2010	$	0	$	1,061		$	132		$	0	$	19	$	1,212
Total realized and unrealized gains (losses):
Included in net income		0		(3	)		0			0		0		(3	)
Included in other comprehensive income		0		(23	)		(1	)		0		1		(23	)
Purchases, sales, issuances and settlements, net		0		(21	)		0			0		0		(21	)
Transfers in to Level 3⁽⁴⁾		0		349			0			0		0		349
Transfers out of Level 3⁽⁴⁾		0		(335	)		(50	)		0		0		(385	)

Balance, September 30, 2010	$	0	$	1,028		$	81		$	0	$	20	$	1,129

Total unrealized gains (losses) included in net income related to assets and liabilities still held as of September 30, 2010⁽⁵⁾	$	0	$	(3	)	$	0		$	0	$	0	$	(3	)


	Nine Months Ended September 30, 2011
(Dollars in millions)	Securities Available for Sale			Mortgage Servicing Rights			Derivative Receivables⁽²⁾			Retained Interests in Securitizations⁽³⁾			Derivative Payables⁽²⁾
Balance, January 1, 2011	$	598		$	141		$	46		$	117		$	(43	)
Total realized and unrealized gains (losses):
Included in net income		0			(44	)⁽¹⁾		39			(16	)		(28	)
Included in other comprehensive income		(14	)		0			0			0			0
Purchases		316			0			0			0			0
Sales		(30	)		0			0			0			0
Issuances		0			7			5			0			(182	)
Settlements		(94	)		(10	)		(23	)		0			12
Transfers in to Level 3⁽⁴⁾		131			0			0			0			0
Transfers out of Level 3⁽⁴⁾		(323	)		0			(2	)		0			1

Balance, September 30, 2011	$	584		$	94		$	65		$	101		$	(240	)

Total unrealized gains (losses) included in net income related to assets and liabilities still held as of September 30, 2011⁽⁵⁾	$	0		$	(44	)	$	39		$	(16	)	$	(28	)


	Nine Months Ended September 30, 2011
(Dollars in millions)	U.S. Treasury & Agency		Residential mortgage backed securities			Asset- backed Securities			Commercial mortgage- backed Securities			Other		Total
Securities Available for Sale
Balance, January 1, 2011	$	0	$	578		$	13		$	0		$	7	$	598
Total realized and unrealized gains (losses):
Included in net income		0		0			0			0			0		0
Included in other comprehensive income		0		(9	)		(4	)		(1	)		0		(14	)
Purchases		0		0			34			282			0		316
Sales		0		(15	)		0			(15	)		0		(30	)
Issuances		0		0			0			0			0		0
Settlements		0		(93	)		(1	)		0			0		(94	)
Transfers in to Level 3⁽⁴⁾		0		50			0			76			5		131
Transfers out of Level 3⁽⁴⁾		0		(320	)		(3	)		0			0		(323	)

Balance, September 30, 2011	$	0	$	191		$	39		$	342		$	12	$	584

Total unrealized gains (losses) included in net income related to assets and liabilities still held as of September 30, 2011⁽⁵⁾	$	0	$	0		$	0		$	0		$	0	$	0


	Nine Months Ended September 30, 2010
(Dollars in millions)	Securities Available for Sale			Mortgage Servicing Rights			Derivative Receivables⁽²⁾			Retained Interests in Securitizations⁽³⁾			Derivative Payables⁽²⁾
Balance, January 1, 2010	$	1,506		$	240		$	440		$	3,945		$	(33	)
Total realized and unrealized gains (losses):
Included in net income		(3	)		(62	)⁽¹⁾		15			9			(20	)
Included in other comprehensive income		(72	)		0			0			0			0
Purchases, sales, issuances and settlements, net		40			(54	)		4			(79	)		(1	)
Impact of adoption of consolidation standards		0			0			(401	)		(3,751	)		0
Transfers in to Level 3⁽⁴⁾		1,101			0			0			0			0
Transfers out of Level 3⁽⁴⁾		(1,443	)		0			(1	)		0			1

Balance, September 30, 2010	$	1,129		$	124		$	57		$	124		$	(53	)

Total unrealized gains (losses) included in net income related to assets and liabilities still held as of September 30, 2010⁽⁵⁾	$	(3	)	$	(62	)	$	14		$	8		$	(20	)


	Nine Months Ended September 30, 2010
(Dollars in millions)	U.S. Treasury & Agency		Residential mortgage backed securities			Asset- backed Securities			Commercial mortgage- backed Securities		Other			Total
Securities Available for Sale
Balance January 1, 2010	$	0	$	1,468		$	13		$	0	$	25		$	1,506
Total realized and unrealized gains (losses):
Included in net income		0		(3	)		0			0		0			(3	)
Included in other comprehensive income		0		(71	)		(2	)		0		1			(72	)
Purchases, sales, issuances and settlements, net		0		(30	)		70			0		0			40
Transfers in to Level 3⁽⁴⁾		0		1,051			50			0		0			1,101
Transfers out of Level 3⁽⁴⁾		0		(1,387	)		(50	)		0		(6	)		(1,443	)

Balance, September 30, 2010	$	0	$	1,028		$	81		$	0	$	20		$	1,129

Total unrealized gains (losses) included in net income related to assets and liabilities still held as of September 30, 2010⁽⁵⁾	$	0	$	(3	)	$	0		$	0	$	0		$	(3	)

⁽¹⁾	Gains (losses) related to Level 3 mortgage servicing rights are reported in other 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 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 third quarter and first nine months of 2011 and 2010 was primarily driven by greater consistency amongst multiple pricing sources. The transfer into Level 3 was primarily driven by less consistency amongst vendor pricing on individual securities for non-agency MBS.

⁽⁵⁾

The amount presented for unrealized gains (losses) for assets still held as of the reporting date primarily represents impairments for available-for-sale securities and accretion on certain fixed maturity securities, and are reported in total other-than-temporary losses as a component of non-interest income. The amounts presented for unrealized gains (losses) for assets still held as of the reporting date for mortgage servicing rights, derivative receivable and derivative payables are reported in Other as a component of non-interest income. The amounts presented for unrealized gains (losses) for assets still held as of the reporting date for retained interests in securitizations are reported in Servicing and securitizations as a component of non-interest income.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

We are required to measure and recognize certain other financial assets at fair value on a nonrecurring basis in the consolidated balance sheet. These financial assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when we evaluate impairment). 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.

For assets measured at fair value on a nonrecurring basis and still held on the consolidated balance sheet, the following table provides the fair value measures by level of valuation assumptions used as of September 30, 2011 and 2010 and the gains or losses recognized for these assets as a result of fair value measurements for the three and nine months ended September 30, 2011 and 2010:


	September 30, 2011								Three Months Ended September 30, 2011			Nine Months Ended September 30, 2011
	Fair Value Measurements Using						Assets at Fair Value		Total Gains/(Losses)⁽²⁾			Total Gains/(Losses)⁽²⁾
(Dollars in millions)	Level 1		Level 2		Level 3		Assets at Fair Value		Total Gains/(Losses)⁽²⁾			Total Gains/(Losses)⁽²⁾
Assets
Loans held for sale	$	0	$	312	$	0		312	$	3		$	3
Loans held for investment		0		55		62		117		(18	)		(68	)
Foreclosed assets⁽¹⁾		0		138		0		138		(4	)		(23	)
Other		0		18		0		18		0			(13	)

Total	$	0	$	523	$	62	$	585	$	(19	)	$	(101	)


	September 30, 2010								Three Months Ended September 30, 2010			Nine Months Ended September 30, 2010
	Fair Value Measurements Using						Assets at Fair Value		Total Gains/(Losses)⁽²⁾			Total Gains/(Losses)⁽²⁾
(Dollars in millions)	Level 1		Level 2		Level 3		Assets at Fair Value		Total Gains/(Losses)⁽²⁾			Total Gains/(Losses)⁽²⁾
Assets
Loans held for sale	$	0	$	190	$	0	$	190	$	(1	)	$	(5	)
Loans held for investment		0		91		138		229		17			(90	)
Foreclosed assets⁽¹⁾		0		268		0		268		(9	)		(29	)
Other		0		8		0		8		2			0

Total	$	0	$	557	$	138	$	695	$	9		$	(124	)

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

⁽²⁾	Represents the gains/losses recognized for the periods presented.

Fair Value of Financial Instruments

The table below presents the fair value of financial instruments, whether or not recognized on the consolidated balance sheet, at fair value as of September 30, 2011 and December 31, 2010:


	September 30, 2011				December 31, 2010
(Dollars in millions)	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Financial Assets
Cash and cash equivalents	$	6,358	$	6,358	$	5,249	$	5,249
Restricted cash for securitization investors		984		984		1,602		1,602
Securities available for sale		38,400		38,400		41,537		41,537
Loans held for sale		312		312		228		228
Net loans held for investment		125,672		128,149		120,319		124,117
Interest receivable		958		958		1,070		1,070
Accounts receivable from securitization		101		101		118		118
Derivatives		2,143		2,143		1,319		1,319
Mortgage servicing rights		94		94		141		141

Financial Liabilities
Non-interest bearing deposits	$	17,541	$	17,541	$	15,048	$	15,048
Interest-bearing deposits		110,777		111,478		107,162		107,587
Senior and subordinated notes		11,051		10,960		8,650		9,236
Securitized debt obligations		17,120		17,257		26,915		26,943
Federal funds purchased and securities loaned or sold under agreements to repurchase		1,441		1,441		1,517		1,517
Other borrowings		4,703		4,696		4,714		4,901
Interest payable		401		401		488		488
Derivatives		926		926		636		636

The following describes the valuation techniques used in estimating the fair value of our financial instruments as of September 30, 2011 and December 31, 2010. We applied the fair value provisions, 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 us to maximize the use of observable inputs and to measure fair value using a notion of exit price were factored into our selection of inputs of our established valuation techniques.

Financial Assets

Cash and Cash Equivalents

The carrying amounts of cash and due from banks, federal funds sold and securities purchased under agreements to resell and interest-bearing deposits with other banks approximate fair value.

Restricted Cash for Securitization Investors

The carrying amounts of restricted cash for securitization investors approximate their fair value due to their relatively short-term nature.

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, we utilize multiple third party pricing services to obtain fair value measures for the large majority of our 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 our 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 residential 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.

We validate 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.

The decrease in the amount of Level 3 securities reflected run-off of non-agency mortgage securities and tighter pricing of these securities between third party vendors.

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 September 30, 2011 and December 31, 2010 approximate fair value.

Loans Held For Investment, Net

The fair values of credit card loans, installment loans, auto loans, home 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.

Interest Receivable

The carrying amount of interest receivable 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. We use a valuation model that calculates the present value of estimated future cash flows. The model incorporates our estimate of assumptions market participants use in determining fair value, including estimates of payment rates, defaults, and 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 7—Variable Interest Entities and Securitizations."

Derivative Assets

Most of our derivatives are not exchange traded, but instead traded in over the counter markets where quoted market prices are not readily available. The fair value derived for those derivatives 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.

We validate 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

MSRs do not trade in an active market with readily observable prices. Accordingly, we determine 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. We record 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 8—Goodwill and Other Intangible Assets."

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 of non-interest bearing deposits approximates fair value.

Senior and Subordinated Notes

We engage multiple 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

We utilized multiple third party pricing services to obtain fair value measures for the large majority of our securitized debt obligations. The techniques used by the pricing services utilize observable market data to the extent available; and pricing models may be used which incorporate available trade, bid and other market information as described in the above section. We 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 available.

Other Borrowings

The carrying amount of federal funds purchased and repurchase agreements, and other short-term borrowings approximates fair value. The fair value of junior subordinated borrowings was estimated using the same methodology as described for senior and subordinated notes. 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.

Interest Payable

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

Derivative Liabilities

Most of our 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, 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 liabilities on the consolidated balance sheets.

Commitments to Extend Credit and Letters of Credit

These financial instruments are generally not sold or traded. The fair value of the guarantees outstanding which we include on our consolidated balance sheets in other liabilities was $4 million and $3 million as of September 30, 2011 and December 31, 2010, respectively. 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 us are generally short-term in nature and, if drawn upon, are issued under current market terms and conditions for credits with comparable risks. At September 30, 2011 and December 31, 2010, there was no material unrealized appreciation or depreciation on these financial instruments.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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Business Segments

9 Months Ended

Sep. 30, 2011

Business Segments [Abstract]

Business Segments

NOTE 14—BUSINESS SEGMENTS

Segment Description

Our principal operations are currently organized into three primary reportable business segments, which are defined based on the products and services provided, or the type of customer served: Credit Card, Consumer Banking and Commercial Banking. The operations of acquired businesses have been integrated into our existing business segments. Certain activities that are not part of a defined business segment are included in the "Other" category.

•

Credit Card: Consists of our domestic consumer and small business card lending, national small business lending, national closed end installment lending and the international card lending businesses in Canada and the United Kingdom.

•

Consumer Banking: Consists of our branch-based lending and deposit gathering activities for consumers and small businesses, national deposit gathering, national automobile lending and consumer home loan lending and servicing activities.

•

Commercial Banking: Consists of our lending, deposit gathering and treasury management services to commercial real estate and middle market customers. Our middle market customers typically include commercial and industrial companies with annual revenues between $10 million to $1.0 billion.

•

Other Category: Includes the residual impact of the allocation of our centralized Corporate Treasury group activities, such as management of our corporate investment portfolio and asset/liability management, to our business segments. Accordingly, net gains and losses on our investment securities portfolio and certain trading activities are included in the Other category. The Other category also includes foreign exchange-rate fluctuations related to the revaluation of foreign currency-denominated investments; certain gains (losses) on the sale and securitization of loans; unallocated corporate expenses that do not directly support the operations of the business segments or for which the business segments are not considered financially accountable in evaluating their performance, such as acquisition and restructuring charges; provisions for representation and warranty reserves related to continuing operations; certain material items that are non-recurring in nature; and offsets related to certain line-item reclassifications.

Basis of Presentation

We report the financial results of our business segments on a continuing operations basis. See "Note 3—Discontinued Operations" for a discussion of discontinued operations. The results of our individual businesses, which are prepared on an internal management accounting and reporting basis, reflect the manner in which management evaluates performance and makes decisions about funding our operations and allocating resources. See "Note 20—Business Segments" of our 2010 Form 10-K for more information on our business segment reporting methodology.

We may periodically change our business segments or reclassify business segment results based on modifications to our management reporting methodologies and changes in organizational alignment.

Business Segment Results

We summarize our business segment results for the three and nine months ended September 30, 2011 and 2010 in the tables below and provide a reconsolidation of our total business segment results, or managed results, to our consolidated U.S. GAAP results.

Three Months Ended September 30, 2011

(Dollars in millions)

Credit
Card

Consumer
Banking

Commercial
Banking

Other

Total
Managed

Reconciliation⁽¹⁾

Total
Reported

Net interest income (expense)

2,042

1,097

353

(209

)

3,283

Non-interest income

678

188

(57

)

871

Total revenue

2,720

1,285

415

(266

)

4,154

Provision for loan and lease losses

511

136

(10

)

(15

)

622

Non-interest expense:

Core deposit intangible amortization

Other non-interest expense

1,188

821

190

2,255

Total non-interest expense

1,188

853

200

2,297

Income (loss) from continuing operations before income taxes

1,021

296

225

(307

)

1,235

Income tax provision (benefit)

358

106

(174

)

370

Income (loss) from continuing operations, net of tax

663

190

145

(133

)

865


	Three Months Ended September 30, 2010
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Other			Total Managed		Reconciliation⁽¹⁾			Total Reported
Net interest income (expense)	$	1,934	$	946	$	325	$	(93	)	$	3,112	$	(3	)	$	3,109
Non-interest income		671		196		30		7			904		3			907

Total revenue		2,605		1, 142		355		(86	)		4,016		0			4,016
Provision for loan and lease losses		660		114		95		(2	)		867		0			867
Non-interest expense:
Core deposit intangible amortization		0		36		14		0			50		0			50
Other non-interest expense		978		721		185		62			1,946		0			1,946

Total non-interest expense		978		757		199		62			1,996		0			1,996

Income (loss) from continuing operations before income taxes		967		271		61		(146	)		1,153		0			1,153
Income tax provision (benefit)		336		96		22		(119	)		335		0			335

Income (loss) from continuing operations, net of tax	$	631	$	175	$	39	$	(27	)	$	818	$	0		$	818

Nine Months Ended September 30, 2011

(Dollars in millions)

Credit
Card

Consumer
Banking

Commercial
Banking

Other

Total
Managed

Reconciliation⁽¹⁾

Total
Reported

Net interest income (expense)

5,873

3,131

1,007

(452

)

9,559

Non-interest income

1,971

568

195

(64

)

2,670

Total revenue

7,844

3,699

1,202

(516

)

12,229

Provision for loan and lease losses

1,270

272

(43

)

1,499

Non-interest expense:

Core deposit intangible amortization

100

131

Other non-interest expense

3,604

2,251

538

190

6,583

Total non-interest expense

3,604

2,351

569

190

6,714

Income (loss) from continuing operations before income taxes

2,970

1,076

676

(706

)

4,016

Income tax provision (benefit)

1,046

384

241

(497

)

1,174

Income (loss) from continuing operations, net of tax

1,924

692

435

(209

)

2,842


	Nine Months Ended September 30, 2010
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Other			Total Managed		Reconciliation⁽¹⁾			Total Reported
Net interest income (expense)	$	6,024	$	2,777	$	956	$	(316	)	$	9,441	$	(7	)	$	9,434
Non-interest income		2,048		674		132		(81	)		2,773		2			2,775

Total revenue		8,072		3,451		1,088		(397	)		12,214		(5	)		12,209
Provision for loan and lease losses		2,600		52		395		27			3,074		(5	)		3,069
Non-interest expense:
Core deposit intangible amortization		0		110		42		0			152		0			152
Other non-interest expense		2,894		2,070		547		180			5,691		0			5,691

Total non-interest expense		2,894		2,180		589		180			5,843		0			5,843

Income (loss) from continuing operations before income taxes		2,578		1,219		104		(604	)		3,297		0			3,297
Income tax provision (benefit)		890		434		37		(413	)		948		0			948

Income (loss) from continuing operations, net of tax	$	1,688	$	785	$	67	$	(191	)	$	2,349	$	0		$	2,349

⁽¹⁾

Reflects the impact of adjustments to reconcile our total business segment results, which are presented on a managed basis, to our reported GAAP results. These adjustments primarily consist of: (i) the reclassification of finance charges, past due fees, other interest income and interest expense amounts included in non-interest income for management reporting purposes to net interest income for GAAP reporting purposes and (ii) the reclassification of net charge-offs included in non-interest income for management reporting purposes to the provision for loan and lease losses for GAAP reporting purposes.

Business Segment Loans and Deposits

The total loan and deposit amounts attributable to each of our reportable business segments as of September 30, 2011 and December 31, 2010 are presented in the following tables.

September 30, 2011

(Dollars in millions)

Credit
Card

Consumer
Banking

Commercial
Banking

Other

Total
Reported

Loans held for investment

62,030

35,352

32,105

465

129,952

Total deposits

88,589

25,282

14,447

128,318



	December 31, 2010
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Other		Total Reported
Loans held for investment	$	61,371	$	34,383	$	29,742	$	451	$	125,947
Total deposits		0		82,959		22,630		16,621		122,210

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Commitments, Contingencies And Guarantees [Abstract]

Commitments, Contingencies And Guarantees

9 Months Ended

Sep. 30, 2011

Commitments, Contingencies And Guarantees

NOTE 15—COMMITMENTS, CONTINGENCIES AND GUARANTEES

Letters of Credit

We issue letters of credit (financial standby, performance standby and commercial) to meet the financing needs of our customers. Standby letters of credit are conditional commitments issued by us 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 our allowance for loan and lease losses.

We had contractual amounts of standby letters of credit and commercial letters of credit of $984 million as of September 30, 2011 and $922 million as of December 31, 2010. These financial guarantees had expiration dates ranging from 2011 to 2016 as of September 30, 2011. The fair value of the guarantees outstanding which we include on our consolidated balance sheets in other liabilities was $4 million as of September 30, 2011.

Contingent Payments Related to Acquisitions and Partnership Agreements

Certain of our acquisition and partnership agreements include contingent payment provisions in which we agree to provide future payments, up to a maximum amount, based on certain performance criteria. Our contingent payment arrangements are generally based on the difference between the expected credit performance of specified loan portfolios as of the date of the applicable agreement and the actual future performance. To the extent that actual losses associated with these portfolios are less than the expected level, we agree to share a portion of the benefit with the counterparty. The maximum contingent payment amount related to our acquisitions totaled $330 million as of September 30, 2011. The actual payment amount related to $30 million of this balance will be determined as of September 30, 2012. The actual payment amount related to the remaining $300 million of this balance will be determined as of December 31, 2013. We recognized an expense related to contingent payment arrangements of $60 million and $90 million in the third quarter and first nine months of 2011, respectively, and recorded a corresponding liability. Our liability for contingent payments related to these arrangements totaled $90 million as of September 30, 2011. We did not record a liability related to these arrangements as of December 31, 2010 based on our expectation of credit losses on the portfolios.

Potential Mortgage Representation & Warranty Liabilities

In recent years, we acquired three subsidiaries that originated residential mortgage loans and sold them to various purchasers, including purchasers who created securitization trusts. These subsidiaries are Capital One Home Loans, which was acquired in February 2005; GreenPoint Mortgage Funding, Inc. ("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 varying representations and warranties about, among other things, the ownership of the loan, the validity of the lien securing the loan, the loan's compliance with any applicable loan criteria established by the purchaser, including underwriting guidelines and the ongoing existence of mortgage insurance, and the loan's compliance with applicable federal, state and local laws. The representations and warranties do not address the credit performance of the mortgage loans, but mortgage loan performance often influences whether a claim for breach of representation and warranty will be asserted and has an effect on the amount of any loss in the event of a breach of a representation or warranty.

Each of these subsidiaries 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). The subsidiary then recovers the loan or, if the loan has been foreclosed, the underlying collateral. The subsidiary is exposed to any losses on the repurchased loans after giving effect to any recoveries on the collateral. In some instances, rather than repurchase the loans, a subsidiary may agree to make a cash payment to make an investor whole on losses or to settle repurchase claims. In addition, our subsidiaries may be required to indemnify certain purchasers and others against losses they incur as a result of certain breaches of representations and warranties. In some cases, the amount of such losses could exceed the repurchase amount of the related loans.

These subsidiaries, in total, originated and sold to non-affiliates approximately $111 billion original principal balance of mortgage loans between 2005 and 2008, which are the years (or "vintages") with respect to which our subsidiaries have received the vast majority of the repurchase requests and other related claims.

The following table presents the original principal balance of mortgage loan originations, by vintage, for the three general categories of purchasers of mortgage loans and the outstanding principal balance as of September 30, 2011 and December 31, 2010:

Unpaid Principal Balance of Mortgage Loans Originated and Sold to Third Parties Based on Category of Purchaser


	Unpaid Principal Balance
	September 30, 2011		December 31, 2010		Original Unpaid Principal Balance
(Dollars in billions)	September 30, 2011		December 31, 2010		Total		2008		2007		2006		2005
Government sponsored enterprises ("GSEs")⁽¹⁾	$	5	$	5	$	11	$	1	$	4	$	3	$	3
Insured Securitizations		7		7		18		0		1		8		9
Uninsured Securitizations and Other		30		33		82		3		16		30		33

Total	$	42	$	45	$	111	$	4	$	21	$	41	$	45

⁽¹⁾	GSEs include Fannie Mae and Freddie Mac.

Between 2005 and 2008, our subsidiaries sold an aggregate amount of $11 billion in original principal balance mortgage loans to the GSEs.

Of the $18 billion in original principal balance of mortgage loans sold directly by our subsidiaries to private-label purchasers who placed the loans into securitizations supported by bond insurance ("Insured Securitizations"), approximately $13 billion original principal balance was placed in securitizations as to which the monoline bond insurers have made repurchase requests or loan file requests to one of our subsidiaries ("Active Insured Securitizations"), and the remaining approximately $5 billion original principal balance was placed in securitizations as to which the monoline bond insurers have not made repurchase requests or loan file requests to one of our subsidiaries ("Inactive Insured Securitizations"). Insured Securitizations often allow the monoline bond insurer to act independently of the investors. Bond insurers typically have indemnity agreements directly with both the mortgage originators and the securitizers, and they often have super-majority rights within the trust documentation that allow them to direct trustees to pursue mortgage repurchase requests without coordination with other investors.

Because we do not service most of the loans our subsidiaries sold to others, we do not have complete information about the current ownership of the $82 billion in original principal balance of mortgage loans not sold directly to GSEs or placed in Insured Securitizations. We have determined based on information obtained from third-party databases that about $49 billion original principal balance of these mortgage loans are currently held by private-label publicly issued securitizations not supported by bond insurance ("Uninsured Securitizations"). In contrast with the bond insurers in Insured Securitizations, investors in Uninsured Securitizations often face a number of legal and logistical hurdles before they can direct a securitization trustee to pursue mortgage repurchases, including the need to coordinate with a certain percentage of investors holding the securities and to indemnify the trustee for any litigation it undertakes. An additional approximately $23 billion original principal balance of mortgage loans were initially sold to private investors as whole loans. Of this amount, we believe approximately $10 billion original principal balance of mortgage loans were ultimately purchased by GSEs. For purposes of our reserves-setting process, we consider these loans to be private-label loans rather than GSE loans. We do not have information about the current holders or disposition of the remaining $10 billion original principal balance of mortgage loans in this category.

With respect to the $111 billion in original principal balance of mortgage loans originated and sold to others between 2005 and 2008, we estimate that approximately $42 billion in unpaid principal balance remains outstanding as of September 30, 2011, approximately $14 billion in losses have been realized and approximately $11 billion in unpaid principal balance is at least 90 days delinquent. Because we do not service most of the loans we sold to others, we do not have complete information about the underlying credit performance levels for some of these mortgage loans. These amounts reflect our best estimates, including extrapolations where necessary. These extrapolations occur on the approximately $10 billion original principal balance of mortgage loans for which we do not have information about the current holders or any underlying credit performance. These estimates could change as we get additional data or refine our analysis.

The subsidiaries had open repurchase requests relating to approximately $1.9 billion original principal balance of mortgage loans as of September 30, 2011, compared with $1.7 billion as of June 30, 2011 and $1.6 billion as of December 31, 2010. As of September 30, 2011, the majority of new repurchase demands received over the last year and, as discussed below, the majority of our $892 million reserve relates to the $24 billion of original principal balance of mortgage loans originally sold to the GSEs or to Active Insured Securitizations. Currently, repurchase demands predominantly relate to the 2006 and 2007 vintages. We have received relatively few repurchase demands from the 2008 and 2009 vintages, mostly because GreenPoint ceased originating mortgages in August 2007.

The following table presents information on pending repurchase requests by counterparty category and timing of initial repurchase request. The amounts presented are based on original loan principal balances.

Open Pipeline All Vintages (all entities)⁽¹⁾


(Dollars in millions)	GSEs			Insured Securitizations			Uninsured Securitizations and Other			Total
Open claims as of December 31, 2009	$	61		$	366		$	588		$	1,015
Gross new demands received		204			645			104			953
Loans repurchased/made whole⁽²⁾		(52	)		(179	)		(5	)		(236	)
Demands rescinded⁽²⁾		(87	)		0			(22	)		(109	)

Open claims as of December 31, 2010	$	126		$	832		$	665		$	1,623
Gross new demands received		142			171			102			415
Loans repurchased/made whole		(56	)		(15	)		(14	)		(85	)
Demands rescinded		(65	)		0			(16	)		(81	)
Reclassifications⁽³⁾		4			70			(74	)		0

Open claims as of September 30, 2011	$	151		$	1,058		$	663		$	1,872

⁽¹⁾

The open pipeline includes all repurchase requests ever received by our subsidiaries where the requesting party has not formally rescinded the repurchase request and where our subsidiary has not agreed to either repurchase the loan at issue or make the requesting party whole with respect to its losses. Accordingly, repurchase requests denied by our subsidiaries and not pursued by the counterparty remain in the open pipeline. Moreover, repurchase requests submitted by parties without contractual standing to pursue repurchase requests are included within the open pipeline unless the requesting party has formally rescinded its repurchase request. Finally, the amounts reflected in this chart are original principal balance amounts and do not correspond to the losses our subsidiary would incur upon the repurchase of these loans.

⁽²⁾	Activity in 2010 relates to repurchase demands from all years prior.

⁽³⁾

Represents adjustments to correct the counterparty category as of September 30, 2011 for amounts that were misclassified. The reclassification had no impact on the total pending repurchase requests; however, it resulted in an increase in open claims attributable to insured securitizations and a decrease in open claims attributable to GSEs and Uninsured Securitizations & Other.

We have established representation and warranty reserves for losses associated with the mortgage loans sold by each subsidiary that we consider to be both probable and reasonably estimable, including both litigation and non-litigation liabilities. These reserves are reported in our consolidated balance sheets as a component of other liabilities. The reserve setting process relies heavily on estimates, which are inherently uncertain, and requires the application of judgment. We evaluate these estimates on a quarterly basis. We build our representation and warranty reserves through the provision for repurchase losses, which we report in our consolidated statements of income as a component of non-interest income for loans originated and sold by Chevy Chase Bank and Capital One Home Loans and as a component of discontinued operations for loans originated and sold by GreenPoint. In establishing the representation and warranty reserves, we consider a variety of factors depending on the category of purchaser.

In establishing reserves for the $11 billion original principal balance of GSE loans, we rely on the historical relationship between GSE loan losses and repurchase outcomes to estimate: (1) the percentage of current and future GSE loan defaults that we anticipate will result in repurchase requests from the GSEs over the lifetime of the GSE loans; and (2) the percentage of those repurchase requests that we anticipate will result in actual repurchases. We also rely on estimated collateral valuations and loss forecast models to estimate our lifetime liability on GSE loans. This reserving approach to the GSE loans reflects the historical interaction with the GSEs around repurchase requests, and also includes anticipated repurchases resulting from mortgage insurance rescissions. The GSEs typically have stronger contractual rights than non-GSE counterparties because GSE contracts typically do not contain prompt notice requirements for repurchase requests or materiality qualifications to the representations and warranties. Moreover, although we often disagree with the GSEs about the validity of their repurchase requests, we have established a negotiation pattern whereby the GSEs and our subsidiaries continually negotiate around individual repurchase requests, leading to the GSEs rescinding some repurchase requests and our subsidiaries agreeing in some cases to repurchase some loans or make the GSEs whole with respect to losses. Our lifetime representation and warranty reserves with respect to GSE loans are grounded in this history.

For the $13 billion original principal balance in Active Insured Securitizations, our reserving approach also reflects our historical interaction with monoline bond insurers around repurchase requests. Typically, monoline bond insurers allege a very high repurchase rate with respect to the mortgage loans in the Active Insured Securitization category. In response to these repurchase requests, our subsidiaries typically request information from the monoline bond insurers demonstrating that the contractual requirements around a valid repurchase request have been satisfied, such as, for example, the typical requirements that the counterparty promptly notify us upon discovery of any breach and that any breach materially and adversely affect the value of the mortgage loan at issue. In response to these requests for supporting documentation, monoline bond insurers typically initiate litigation. Accordingly, our reserves within the Active Insured Securitization are not based upon the historical repurchase rate with monoline bond insurers, but rather upon the expected resolution of litigation with the monoline bond insurers. Every bond insurer within this category is pursuing a substantially similar litigation strategy either through active or probable litigation. Accordingly, our representation and warranty reserves for this category are litigation reserves. In establishing litigation reserves for this category, we consider current and future losses inherent within the securitization and apply legal judgment to the anticipated factual and legal record to estimate the lifetime legal liability for each securitization. Our estimated legal liability for each securitization within this category assumes that we will be responsible for only a portion of the losses inherent in each securitization. Our litigation reserves with respect to both the U.S. Bank Litigation and the DBSP Litigation, in each case as referenced below, are contained within the Active Insured Securitization reserve category. Further, our litigation reserves with respect to indemnification risks from certain representation and warranty lawsuits brought by monoline bond insurers against third-party securitizations sponsors, where GreenPoint provided some or all of the mortgage collateral within the securitization but is not a defendant in the litigation, are also contained within this category. Our estimated legal liability for securitizations within this category often assumes we will pay only a portion of the liabilities ultimately incurred by the party defendants to the litigation.

For the $5 billion original principal balance of mortgage loans in the Inactive Insured Securitizations category and the $82 billion original principal balance of mortgage loans in the Uninsured Securitizations and other whole loan sales categories, we establish reserves by relying on our historical repurchase rates and current negotiation patterns to estimate repurchase liabilities over the next twelve (12) months. We do not believe we can estimate repurchase liability for these categories for a period longer than twelve (12) months because of the relatively irregular nature of repurchase activity within these categories. Some Uninsured Securitization investors from this category who have not made repurchase requests or filed representation and warranty lawsuits have filed actions under federal and/or state securities laws against investment banks and securitization sponsors. Although we face some direct and indirect indemnity risks from these litigations, we have not established reserves with respect to these indemnity risks because we do not consider them to be both probable and reasonably estimable liabilities.

The aggregate reserve for all three subsidiaries was $892 million as of September 30, 2011, compared with $869 million as of June 30, 2011, and $816 million as of December 31, 2010. Almost all of the increase in the reserve from June 30, 2011 is allocated to the Uninsured Securitizations and Other category, resulting from an increase in repurchase activity with respect to certain uninsured investors. We recorded a total provision for repurchase losses for our representation and warranty repurchase exposure of $72 million and $153 million for the three and nine months ended September 30, 2011, respectively, and we had settlements of repurchase requests of $49 million and $77 million for the three and nine months ended September 30, 2011, respectively, that were charged against the reserve.

The following table summarizes changes in our representation and warranty reserve for the three and nine months ended September 30, 2011 and 2010, and for full year 2010:

Changes in Representation and Warranty Reserve


	Three Months Ended September 30,						Nine Months Ended September 30,						Full Year
(Dollars in millions)	2011			2010			2011			2010			2010
Representation and warranty repurchase reserve, beginning of period⁽¹⁾	$	869		$	853		$	816		$	238		$	238
Provision for repurchase losses⁽²⁾		72			16			153			644			636
Net realized losses		(49	)		(33	)		(77	)		(46	)		(58	)

Representation and warranty repurchase reserve, end of period⁽¹⁾	$	892		$	836		$	892		$	836		$	816

⁽¹⁾	Reported in our consolidated balance sheets as a component of other liabilities.

⁽²⁾

In the third quarter of 2011, we recognized a reduction to the reserve for mortgage repurchase claims of $3 million in our consolidated statements of income as a component of non-interest income. In the first nine months of 2011, we recognized a provision for mortgage repurchase claims of $5 million. In the third quarter and first nine months of 2010, we recognized a provision for mortgage repurchase claims of $16 million and $211 million, respectively. The pre-tax portion of the provision for mortgage repurchase claims recognized in our consolidated statements of income as a component of discontinued operations totaled $75 million and $147 million, for the three and nine months ended September 30, 2011, respectively, and $0 million and $433 million for the three and nine months ended September 30, 2010, respectively.

As indicated in the table below, most of the representation and warranty reserve relates to the $11 billion in original principal balance of mortgage loans sold directly to the GSEs and to the $13 billion in mortgage loans sold to purchasers who placed them into Active Insured Securitizations.

Allocation of Representation and Warranty Reserve


	Reserve Liability
(Dollars in millions, except for loans sold)	September 30, 2011		December 31, 2010		Loans Sold 2005 to 2008⁽¹⁾
GSEs and Active Insured Securitizations	$	771	$	796	$	24
Inactive Insured Securitizations, Uninsured Securitizations and Other		121		20		87

Total	$	892	$	816	$	111

⁽¹⁾	Reflects, in billions, the total original principal balance of mortgage loans originated by our subsidiaries and sold to third party investors between 2005 and 2008.

The adequacy of the reserves and the ultimate amount of losses incurred by our subsidiaries will depend on, among other things, actual future mortgage loan performance, the actual level of future repurchase and indemnification requests (including the extent, if any, to which Inactive Insured Securitizations and other currently inactive investors ultimately assert claims), the actual success rates of claimants, developments in litigation, actual recoveries on the collateral and macroeconomic conditions (including unemployment levels and housing prices).

As part of our business planning processes, we have considered various outcomes relating to the potential future representation and warranty liabilities of our subsidiaries that are possible but do not rise to the level of being both probable and reasonably estimable outcomes that would justify an incremental accrual under applicable accounting standards. We believe that the upper end of the reasonably possible future losses from representation and warranty claims beyond the current accrual levels, including reasonably possible future losses relating to the US Bank Litigation, DBSP Litigation and the FHLB of Boston Litigation, could be as high as $1.5 billion, an increase of $400 million from the estimate we provided as of the June 30, 2011. This increase is attributable to increased activity from uninsured investors, increased governmental and regulatory scrutiny of mortgage practices and continued difficulty in the housing market and overall economy. Notwithstanding our ongoing attempts to estimate a reasonably possible amount of loss beyond our current accrual levels based on current information, it is possible that actual future losses will exceed both the current accrual level and our current estimated upper-end of the amount of reasonably possible losses. There is still significant uncertainty regarding the numerous factors that may impact the ultimate loss levels, including, but not limited to, litigation outcomes, future repurchase claims levels, ultimate repurchase success rates and mortgage loan performance levels.

Litigation

In accordance with the current accounting standards for loss contingencies, we establish reserves for litigation related matters when it is probable that a loss associated with a claim or proceeding has been incurred and the amount of the loss can be reasonably estimated. Litigation claims and proceedings of all types are subject to many uncertain factors that generally cannot be predicted with assurance. Below we provide a description of material legal proceedings and claims.

For some of the matters disclosed below, we are able to determine estimates of potential future outcomes that are not probable and reasonably estimable outcomes justifying either the establishment of a reserve or an incremental reserve build, but which are reasonably possible outcomes. For other disclosed matters, such an estimate is not possible at this time. For those matters where an estimate is possible, excluding the reasonably possible future losses relating to the U.S. Bank Litigation, the DBSP Litigation, and the FHLB of Boston Litigation because reasonably possible losses with respect to those litigations are included within the range of reasonably possible representation and warranty liabilities discussed above, management currently estimates the aggregate high end of the range of possible loss is $75 million to $225 million. Notwithstanding our attempt to estimate a reasonably possible range of loss beyond our current accrual levels for some litigation matters based on current information, it is possible that actual future losses will exceed both the current accrual level and the range of reasonably possible losses disclosed here. Given the inherent uncertainties involved in these matters, and the very large or indeterminate damages sought in some of these matters, there is significant uncertainty as to the ultimate liability we may incur from these litigation matters and an adverse outcome in one or more of these matters could be material to our results of operations or cash flows for any particular reporting period.

Interchange 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 our subsidiaries and us, 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 U.S. District Court for the Eastern District of New York for certain purposes, including discovery. Fact and expert discovery have closed. The parties have briefed and presented oral argument on motions to dismiss and class certification and are awaiting decisions from the court. The parties have also filed motions for summary judgment and will present oral argument before the court in the fourth quarter of 2011.

The defendant banks are members of Visa U.S.A., Inc. ("Visa"). As members, our subsidiary banks have indemnification obligations to Visa with respect to final judgments and settlements of certain litigation against Visa. 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, including the Interchange Lawsuits. As a result, in the first quarter of 2008, we reduced our Visa-related indemnification liabilities of $91 million recorded in other liabilities with a corresponding reduction of other non-interest expense. We made an election in accordance with the accounting guidance for fair value option for financial assets and liabilities on the indemnification guarantee to Visa, and the fair value of the guarantee at December 31, 2010 and September 30, 2011 was zero. In January 2011, we entered into a MasterCard Settlement and Judgment Sharing Agreement, along with other defendant banks, which apportions between MasterCard and its member banks any costs and liabilities of any judgment or settlement arising from the Interchange Lawsuits.

In March 2011, a furniture store owner, on behalf of himself and other merchants who accept Visa and MasterCard branded credit cards, filed a class action in the Supreme Court of British Columbia (Vancouver Registry) against the Visa and MasterCard membership associations related to credit card interchange fees. In May 2011, another merchant, on behalf of himself and other merchants who accept Visa and MasterCard branded credit cards, filed a class action in the Ontario Superior Court of Justice (Toronto Region) asserting the same alleged violations of law related to credit card interchange fees and network rules. Both class actions name Visa and MasterCard and a number of member banks, including Capital One Financial Corporation, which only issues MasterCard branded credit cards in Canada. The class action complaints allege that the associations and member banks are liable for civil conspiracy, unjust enrichment, constructive trust and unlawful interference with economic interests and violated Canadian anti-competition laws by (a) conspiring to fix supra-competitive interchange fees and merchant discounts, and (b) requiring participation in the respective networks and adherence to Visa and MasterCard Rules to acceptance of payment guarantee services.

Late Fees Litigation

In 2007, a number of individual plaintiffs, each purporting to represent a class of cardholders, filed antitrust lawsuits in the U.S. District Court for the Northern District of California against several issuing banks, including us. 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, and injunctive relief. 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 claims under the National Bank Act, the Depository Institutions Deregulation Act of 1980 and the California Unfair Competition Law (the "UCL"), 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 August 2011, the Ninth Circuit Court of Appeals entered an additional order continuing the stay of the matter pending the bankruptcy proceedings.

Credit Card Interest Rate Litigation

In July 2010, the U.S. Court of Appeals for the Ninth Circuit reversed a dismissal entered in favor of COBNA in Rubio v. Capital One Bank, which was filed in the U.S. District Court for the Central District of California in 2007. The plaintiff in Rubio alleges in a putative class action that COBNA breached its contractual obligations and violated the Truth In Lending Act (the "TILA") and the UCL when it raised interest rates on certain credit card accounts. The plaintiff seeks damages, restitution, attorney's fees and an injunction against future rate increases. The District Court granted COBNA's motion to dismiss all claims as a matter of law prior to any discovery. On appeal, the Ninth Circuit reversed the District Court's dismissal with respect to the TILA and UCL claims, remanding the case back to the District Court for further proceedings. The Ninth Circuit upheld the dismissal of the plaintiff's breach of contract claim, finding that COBNA was contractually allowed to increase interest rates. In September 2010, the Ninth Circuit denied COBNA's Petition for Panel Rehearing and Rehearing En Banc. In January 2011, COBNA filed a writ of certiorari with the United States Supreme Court, seeking leave to appeal the Ninth Circuit's ruling. On April 4, 2011, the United States Supreme Court denied Capital One's writ of certiorari, and as a result, the Ninth Circuit remanded the case back to the District Court to begin discovery.

The Capital One Bank Credit Card Interest Rate Multi-district Litigation matter involves similar issues as Rubio. This multi-district litigation matter was created as a result of a June 2010 transfer order issued by the United States Judicial Panel on Multi-district Litigation ("MDL"), which consolidated for pretrial proceedings in the U.S. District Court for the Northern District of Georgia two pending putative class actions against COBNA — Nancy Mancuso, et al. v. Capital One Bank (USA), N.A., et al., (E.D. Virginia); and Kevin S. Barker, et al. v. Capital One Bank (USA), N.A., (N.D. Georgia), A third action, Jennifer L. Kolkowski v. Capital One Bank (USA), N.A., (C.D. California) was subsequently transferred into the MDL. On August 2, 2010, the plaintiffs in the MDL filed a Consolidated Amended Complaint. The Consolidated Amended Complaint alleges in a putative class action that COBNA breached its contractual obligations, and violated the TILA, the California Consumers Legal Remedies Act, the UCL, the California False Advertising Act, the New Jersey Consumer Fraud Act, and the Kansas Consumer Protection Act when it raised interest rates on certain credit card accounts. The MDL plaintiffs seek statutory damages, restitution, attorney's fees and an injunction against future rate increases. Fact discovery is now closed. On August 8, 2011, Capital One filed a motion for summary judgment.

West Virginia Attorney General Litigation

In January 2010, the West Virginia Attorney General filed suit against COBNA and various affiliates in Mason County, West Virginia, challenging numerous credit card practices under the West Virginia Consumer Credit and Protection Act. The West Virginia Attorney General seeks injunctive relief, consumer refunds, statutory damages, disgorgement, and attorneys' fees. COBNA removed the case to the U.S. District Court for the Southern District of West Virginia and filed a motion to dismiss the complaint. In July 2010, the U.S. District Court for the Southern District of West Virginia remanded the case back to Mason County Circuit Court and denied the motion to dismiss as moot. In August 2010, we filed a motion to dismiss and a motion to stay discovery pending resolution of the motion to dismiss. In April 2011, the Court denied our motion to dismiss and scheduled a bench trial to begin on December 6, 2011. On July 20, 2011, COBNA removed the case again to the U.S. District Court for the Southern District of West Virginia. The plaintiff filed a motion to remand the matter to state court. On August 12, 2011, the district court issued an order remanding the matter back to Mason County Circuit Court.

Mortgage Repurchase Litigation

On February 5, 2009, GreenPoint 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. (the "U.S. Bank Litigation"). 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 certain specific mortgage loans. Plaintiffs seek unspecified damages and an order 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. In March 2010, GreenPoint answered the complaint with respect to U.S. Bank, denying the allegations, and filed a counterclaim against U.S. Bank alleging breach of covenant of good faith and fair dealing. In April 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. GreenPoint filed a motion to dismiss the amended complaint. On January 6, 2011, the Court instructed plaintiffs to seek leave of court to file an amended complaint supported by an evidentiary showing of merit. Plaintiffs filed their motion for leave in June 2011, which is currently expected to be argued in the fourth quarter of 2011. As noted above, GreenPoint has established reserves with respect to its probable and reasonably estimable legal liability from the U.S. Bank Lawsuit, which reserves are included within the overall representation and warranty reserve. Also as noted above, GreenPoint has exposure to loss in excess of the amount established within the overall representation and warranty reserve because GreenPoint has not established reserves with respect to the portfolio-wide repurchase claim on the basis that the claim is not considered probable and reasonably estimable. In the event GreenPoint is obligated to repurchase all 30,000 mortgage loans under the portfolio-wide repurchase claim, GreenPoint would incur the current and future economic losses inherent in the portfolio. With respect to the mortgage loan portfolio at issue in the U.S. Bank Litigation, we believe approximately $824 million of losses have been realized and approximately $330 million in mortgage loans are still outstanding, of which approximately $43 million are more than 90 days delinquent, including foreclosures and REO.

In September 2010, DB Structured Products, Inc. ("DBSP") named GreenPoint in a third-party complaint, filed in the New York County Supreme Court, alleging breach of contract and seeking indemnification (the "DBSP Litigation"). In the underlying suit, Assured Guaranty Municipal Corp. ("AGM") sued DBSP for alleged breaches of representations and warranties made by DBSP with respect to certain residential mortgage loans that collateralize a securitization insured by AGM and sponsored by DBSP (the "Underlying Lawsuit"). DBSP purchased the HELOC loans from GreenPoint in 2006. The entire securitization is comprised of about 6,200 mortgage loans with an aggregate original principal balance of approximately $353 million. DBSP asserts that any liability it faces lies with GreenPoint, alleging that DBSP's representations and warranties to AGM are substantially similar to the representations and warranties made by GreenPoint to DBSP. GreenPoint filed a motion to dismiss the complaint in October 2010, which the court denied on July 25, 2011. The parties are currently engaged in discovery. As noted above, GreenPoint has established reserves with respect to its estimated probable and reasonable estimable legal liability from the DBSP Litigation, which reserves are included within the overall representation and warranty reserve. Also as noted above, GreenPoint has not established a reserve with respect to any portfolio-wide repurchase claim, but in the event GreenPoint is obligated to indemnify DBSP for the repurchase of all 6,200 mortgage loans, GreenPoint would incur the current and future economic losses inherent in the securitization. With respect to these loans, we believe approximately $144 million of losses have been realized and approximately $52 million in mortgage loans are still outstanding, of which approximately $4 million are more than 90 days delinquent, including foreclosures and REO.

SEC Investigation

Since July 2009, we have been providing documents and information in response to an 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 our method of determining the loan loss reserves for our auto finance business for certain quarterly periods in 2007. We are cooperating fully with the Staff's investigation.

Checking Account Overdraft Litigation

In May 2010, Capital One Financial Corporation and COBNA were named as defendants in a putative class action named Steen v. Capital One Financial Corporation, et al., filed in the U.S. District Court for the Eastern District of Louisiana. Plaintiff challenges our practices relating to fees for overdraft and non-sufficient funds fees on consumer checking accounts. Plaintiff alleges that our methodology for posting transactions to customer accounts is designed to maximize the generation of overdraft fees, supporting claims for breach of contract, breach of the covenant of good faith and fair dealing, unconscionability, conversion, unjust enrichment and violations of state unfair trade practices laws. Plaintiff seeks a range of remedies, including restitution, disgorgement, injunctive relief, punitive damages and attorneys' fees. In May 2010, the case was transferred to the Southern District of Florida for coordinated pre-trial proceedings as part of a multi-district litigation (MDL) involving numerous defendant banks, In re Checking Account Overdraft Litigation. In January 2011, plaintiffs filed a second amended complaint against CONA in the MDL court. In February 2011, CONA filed a motion to dismiss the second amended complaint. On March 21, 2011, the MDL court granted the motion to dismiss claims of breach of the covenant of good faith and fair dealing under Texas law, but denied the motion to dismiss in all other respects. On April 18, 2011, CONA moved for reconsideration of those portions of the court's ruling denying its motion to dismiss, and on June 7, 2011, CONA moved for certification of an interlocutory appeal. The MDL court denied the motion to reconsider on June 23, 2011, and denied the motion for interlocutory appeal on July 13, 2011. The parties are now engaged in discovery.

Patent Litigation

On February 23, 2011, Capital One Financial Corporation, Capital One, N.A., and Capital One Bank (USA), N.A. (collectively, "Capital One"), were named as defendants, along with several other banks, in a patent infringement lawsuit filed by DataTreasury Corporation ("DataTreasury") in the United States District Court for the Eastern District of Texas. DataTreasury alleges that Capital One and the other banks willfully infringed certain patents relating to remote image capture with centralized processing and storage. Capital One was served with the complaint on April 5, 2011, and filed an answer on May 26, 2011. On August 30, 2011, Capital One joined other defendants in filing a Motion to Transfer Venue from the U.S. District Court for the Eastern District of Texas, Tyler Division to the Southern District of Texas, Houston Division. That motion is currently pending.

FHLB Securities Litigation

On April 20, 2011, the Federal Home Loan Bank of Boston (the "FHLB of Boston") filed suit against dozens of mortgage industry participants in Massachusetts Superior Court, alleging, among other things, violations of Massachusetts state securities laws in the sale and marketing of certain residential mortgage-backed securities (the "FHLB of Boston Litigation"). Capital One Financial Corporation and Capital One, National Association are named in the complaint as alleged successors in interest to Chevy Chase Bank, which allegedly marketed some of the mortgage-backed securities at issue in the litigation. The FHLB of Boston seeks rescission, unspecified damages, attorneys' fees, and other unspecified relief. The case was removed to the United States District Court for the District of Massachusetts in May 2011, and plaintiff subsequently filed a motion to remand the matter to state court.

Tax Matters

On September 21, 2009, the U.S. 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. On July 6, 2010, we filed a motion to appeal certain issues upon which the IRS prevailed. The IRS chose not to appeal the issues upon which we prevailed resulting in a final resolution of those issues favorable to us. On October 21, 2011, the Fourth Circuit Court of Appeals affirmed the Tax Court's unfavorable decision on the issues we appealed. As we do not intend to pursue further appeals on these issues, the Fourth Circuit's decision represents a final resolution of the remaining issues in the case. We have accounted for these matters in accordance with the accounting guidance for income taxes, and the resolution of these matters will not have a material effect on our financial position.

Other Pending and Threatened Litigation

In addition, we are commonly subject to various pending and threatened legal actions relating to the conduct of our normal business activities. In the opinion of management, the ultimate aggregate liability, if any, arising out of all such other pending or threatened legal actions will not be material to our consolidated financial position or our results of operations.

Pending Acquisitions

ING Direct

In June 2011, we announced that we entered into a definitive agreement under which we will acquire ING Direct, in exchange for $6.2 billion in cash and approximately 55.9 million shares of our common stock, subject to certain adjustments. We continue to expect the ING Direct acquisition to close in late 2011 or early 2012, subject to customary closing conditions, including certain governmental clearances and approvals.

In the third quarter of 2011, we closed a public underwritten offering of our senior notes, from which we received total proceeds of approximately $3.0 billion, and a public underwritten offering of 40 million shares of our common stock at a price per share of $50.00, subject to forward sale agreements. After underwriter's discounts and commissions, the net proceeds to us from the equity offering will be at an initial forward sale price per share of $48.50. We have not received any proceeds from this public offering of our shares of common stock as of September 30, 2011. Under the terms of the forward sale agreements, we must settle the forward sale agreements on or before February 15, 2012. We expect to settle the forward sale agreements entirely by physical delivery of shares of common stock in exchange for cash proceeds from the forward purchasers of approximately $1.9 billion, based on the initial forward price. The forward sale price is subject to adjustment under the forward sale agreements. However, we may, subject to certain conditions, elect cash or net share settlement of all or a portion of our obligation to deliver shares of common stock. We expect to use the net proceeds from the debt and equity offerings, along with cash sourced from our current liquidity, to fund the $6.2 billion in cash consideration payable in connection with the ING Direct acquisition.

HSBC U.S. Credit Card Business

In August 2011, we announced that we entered into a purchase agreement to acquire substantially all of the assets and assume liabilities of HSBC's credit card and private-label credit card business in the United States for a premium estimated at $2.6 billion as of June 30, 2011. We currently expect the HSBC acquisition to close in the second quarter of 2012, subject to customary closing conditions, including certain governmental clearances and approvals. Pursuant to the purchase agreement, we have the option, subject to certain conditions, to pay up to $750 million of the consideration to HSBC in the form of our common stock (valued at $39.23 per share).

Summary Of Significant Accounting Policies (Policy)	9 Months Ended
Summary Of Significant Accounting Policies (Policy)	Sep. 30, 2011
Summary Of Significant Accounting Policies [Abstract]
Basis Of Presentation And Use Of Estimates	Basis of Presentation and Use of Estimates The accompanying unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States ("U.S. GAAP") for interim financial information and should be read in conjunction with the audited consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2010 ("2010 Form 10-K"). Certain financial information that is normally included in annual financial statements prepared in conformity with U.S. GAAP, but is not required for interim reporting purposes, has been condensed or omitted. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of our interim unaudited financial statements have been reflected. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and related disclosures. These estimates are based on information available as of the date of the consolidated financial statements. While management makes its best judgment, actual amounts or results could differ from these estimates. Interim period results may not be indicative of results for the full year.
Principles Of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Capital One Financial Corporation and all other entities in which we have a controlling financial interest. All significant intercompany accounts and transactions have been eliminated. Certain prior period amounts have been reclassified to conform to the current period presentation.
Changes In Significant Accounting Policies	We provide a summary of our significant accounting policies in our 2010 Form 10-K under "Notes to Consolidated Financial Statements—Note 1—Summary of Significant Accounting Policies." Below we describe accounting standards that we adopted in 2011 and recently issued accounting standards that we have not yet adopted. *Accounting Standards Adopted in 2011* Receivables: A Creditor's Determination of Whether a Restructuring is a Troubled Debt Restructuring In April 2011, the Financial Accounting Standards Board ("FASB") issued an amendment to the accounting guidance for financing receivables, which includes loans, to clarify when a restructuring, such as a loan modification, is considered a troubled debt restructuring ("TDR"). This amendment provides clarification on determining whether a debtor is experiencing financial difficulties and whether a concession has been granted to the debtor for purposes of determining if a loan modification constitutes a TDR. The amended guidance is effective for interim and annual periods beginning on or after June 15, 2011 and applies retrospectively to restructurings occurring on or after the beginning of the fiscal year of adoption, with early adoption permitted. The adoption of this amended accounting guidance in the third quarter of 2011 resulted in a net increase in loan modifications considered to be TDRs of $56 million for consumer loans and $77 million for commercial loans. The allowance for credit losses associated with these loans was $22 million as of September 30, 2011. Fair Value Measurements and Disclosures—Improving Disclosures about Fair Value Measurements In January 2010, the FASB issued guidance to improve disclosures about fair value measurements. The guidance, which amended previous disclosure requirements for fair value measurements, requires new disclosures for significant transfers of financial assets and liabilities into and out of Level 1 and Level 2 of the fair value hierarchy, and requires that information on purchases, sales, issuances and settlements in the rollforward of Level 3 activity be presented on a gross basis rather than on a net basis The amended guidance also provides several clarifications with respect to disclosures about the valuation techniques and inputs used to measure fair value for both recurring and nonrecurring instruments classified as either Level 2 or Level 3. We adopted the requirement for gross presentation in the Level 3 rollforward on January 1, 2011. The remaining provisions of the guidance were effective for us on January 1, 2010. Our adoption of the updated guidance did not affect our financial condition, results of operations or liquidity since it amends only the disclosure requirements for fair value measurements. *Recently Issued but Not Yet Adopted Accounting Standards* Testing Goodwill for Impairment In September 2011, the FASB issued guidance that is intended to simplify goodwill impairment testing by providing entities with the option to first assess qualitatively whether it is necessary to perform the two-step quantitative analysis currently required. If an entity chooses to perform a qualitative assessment and determines that it is more likely than not that the fair value of a reporting period is less than its carrying amount, the quantitative two-step goodwill impairment test is required. Otherwise, goodwill is deemed to be not impaired and no further evaluation analysis would be necessary. The amended goodwill impairment guidance does not affect the manner in which a company estimates fair value. The amended guidance is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011, with early adoption permitted. We are considering early adoption for our annual goodwill impairment testing scheduled to be performed in the fourth quarter of 2011. We had $13.6 billion in goodwill as of September 30, 2011, the value of which will not be affected by the adoption of this standard. Presentation of Comprehensive Income In June 2011, the FASB issued new accounting guidance that revises the manner in which comprehensive income is required to be presented in financial statements. The new guidance will require companies to present the components of net income and other comprehensive income either as one continuous statement or as two consecutive statements. The guidance eliminates the option to present components of other comprehensive income in the statement of changes in stockholders' equity. It does not change the items which must be reported in other comprehensive income, how such items are measured or when they must be reclassified from other comprehensive income to net income. The guidance requires retrospective application and is effective for interim and annual periods beginning on or after December 15, 2011. We intend to adopt the guidance in the first quarter of 2012. Our adoption of the guidance will have no effect on our financial condition, results of operations or liquidity since it impacts presentation only. Fair Value Measurement: Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards ("IFRS") In May 2011, the FASB issued amended guidance on fair value that is intended to provide a converged fair value framework for U.S. GAAP and IFRS. The amended guidance results in a consistent definition of fair value and common requirements for measurement of and disclosure about fair value between U.S. GAAP and IFRS. While the amended guidance continues to define fair value as an exit price, it changes some fair value measurement principles and expands the existing disclosure requirements for fair value measurements. The amended guidance is effective for public entities for interim and annual periods beginning on or after December 15, 2011, with early adoption prohibited. The new guidance requires prospective application and disclosure in the period of adoption of the change, if any, in valuation techniques and related inputs resulting from application of the amendments and quantification of the total effect, if practicable. We intend to adopt the amended guidance in the first quarter of 2012, and are currently assessing the impact that the adoption will have on our consolidated financial statements. Transfers and Servicing: Reconsideration of Effective Control for Repurchase Agreements In April 2011, the FASB issued an amendment to the guidance for transfers and servicing with regard to repurchase agreements and other agreements that both entitle and obligate a transferor to repurchase or redeem financial assets before their maturity. This amendment removes the criterion related to collateral maintenance from the transferor's assessment of effective control. It focuses the assessment of effective control on the transferor's rights and obligations with respect to the transferred financial assets and not whether the transferor has the practical ability to perform in accordance with those rights or obligations. As a result of this amendment, we do not expect that repurchase agreements will qualify for derecognition from the transferor's financial statements and will be treated as secured borrowings. The amendment is effective prospectively for transactions or modification of existing transactions that occur on or after the first interim or annual period beginning on or after December 15, 2011. We intend to adopt the amended guidance on January 1, 2012. We do not expect that the adoption will have a material impact on our consolidated financial statements.

Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 2-6
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name FASB Interpretation (FIN)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Principles Board Opinion (APB)
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-Paragraph 5, 6, 16-19
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 18
-Paragraph 20
-Subparagraph a(2)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 96-16
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Emerging Issues Task Force (EITF)
-Number 97-2
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 3A
-Section 02, 03

Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Paragraph k
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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-Name FASB Interpretation (FIN)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
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Financials For Discontinued Operations

Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2011

Discontinued Operations [Abstract]


	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in millions)	2011			2010			2011			2010
Net interest expense	$	0		$	0		$	0		$	(1	)
Non-interest expense		(81	)		(23	)		(159	)		(468	)

Loss from discontinued operations before taxes		(81	)		(23	)		(159	)		(469	)
Income tax benefit		29			8			57			166

Loss from discontinued operations, net of taxes	$	(52	)	$	(15	)	$	(102	)	$	(303	)

Investment Securities (Tables)

9 Months Ended

Sep. 30, 2011

Available For Sale Securities In A Gross Unrealized Loss Position

Investment Securities


	September 30, 2011
(Dollars in millions)	Amortized Cost		Total Gross Unrealized Gains		Gross Unrealized Losses- OTTI⁽¹⁾			Gross Unrealized Losses- Other⁽²⁾			Total Gross Unrealized Losses			Fair Value
Securities available-for-sale:
U.S. Treasury debt obligations	$	115	$	10	$	0		$	0		$	0		$	125
U.S. Agency debt obligations⁽³⁾		166		9		0			0			0			175
Residential mortgage-backed securities ("RMBS"):
Agency⁽⁴⁾		25,139		633		0			(25	)		(25	)		25,747
Non-agency		1,405		2		(126	)		(8	)		(134	)		1,273

Total RMBS		26,544		635		(126	)		(33	)		(159	)		27,020
Commercial mortgage-backed securities ("CMBS"):
Agency⁽⁴⁾		418		11		0			0			0			429
Non-agency		400		1		0			(3	)		(3	)		398

Total CMBS		818		12		0			(3	)		(3	)		827

Asset-backed securities ("ABS")⁽⁵⁾		9,691		55		0			(12	)		(12	)		9,734
Other⁽⁶⁾		467		55		0			(3	)		(3	)		519

Total securities available-for-sale	$	37,801	$	776	$	(126	)	$	(51	)	$	(177	)	$	38,400


	December 31, 2010
(Dollars in millions)	Amortized Cost		Total Gross Unrealized Gains		Gross Unrealized Losses- OTTI⁽¹⁾			Gross Unrealized Losses- Other⁽²⁾			Total Gross Unrealized Losses			Fair Value
Securities available-for-sale:
U.S. Treasury debt obligations	$	373	$	13	$	0		$	0		$	0		$	386
U.S. Agency debt obligations⁽³⁾		301		13		0			0			0			314
Residential mortgage-backed securities ("RMBS"):
Agency⁽⁴⁾		27,980		667		0			(143	)		(143	)		28,504
Non-agency		1,826		1		(105	)		(22	)		(127	)		1,700

Total RMBS		29,806		668		(105	)		(165	)		(270	)		30,204
Commercial mortgage-backed securities ("CMBS"):
Agency⁽⁴⁾		44		1		0			0			0			45
Non-agency		0		0		0			0			0			0

Total CMBS		44		1		0			0			0			45
Asset-backed securities ("ABS")⁽⁵⁾		9,901		69		0			(4	)		(4	)		9,966
Other⁽⁶⁾		563		66		0			(7	)		(7	)		622

Total securities available-for-sale	$	40,988	$	830	$	(105	)	$	(176	)	$	(281	)	$	41,537

⁽¹⁾	Represents the amount of cumulative non-credit other-than-temporary impairment ("OTTI") losses recorded in AOCI. These losses are included in total gross unrealized losses.

⁽²⁾	Represents the amount of cumulative gross unrealized losses on securities for which we have not recognized OTTI.

⁽³⁾	Consists of debt securities issued by Fannie Mae and Freddie Mac, which had amortized cost of $165 million and $200 million as of September 30, 2011 and December 31, 2010, respectively, and fair value of $174 million and $213 million as of September 30, 2011 and December 31, 2010, respectively.

⁽⁴⁾

⁽⁵⁾

⁽⁶⁾	Consists of municipal securities and equity investments related primarily to CRA activities.


	September 30, 2011
	Less than 12 Months					12 Months or Longer					Total
(Dollars in millions)	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Securities available-for-sale:
RMBS:
Agency⁽¹⁾		4,519		(23	)		385		(2	)		4,904		(25	)
Non-agency		156		(7	)		1,067		(127	)		1,223		(134	)

Total RMBS		4,675		(30	)		1,452		(129	)		6,127		(159	)
CMBS:
Agency⁽¹⁾		50		0			0		0			50		0
Non-agency		292		(3	)		0		0			292		(3	)

Total CMBS		342		(3	)		0		0			342		(3	)

Total ABS		1,794		(9	)		86		(3	)		1,880		(12	)
Other		86		(1	)		62		(2	)		148		(3	)

Total securities available-for-sale in a gross unrealized loss position	$	6,897	$	(43	)	$	1,600	$	(134	)	$	8,497	$	(177	)


	December 31, 2010
	Less than 12 Months					12 Months or Longer					Total
(Dollars in millions)	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Securities available-for-sale:
RMBS:
Agency⁽¹⁾		6,571		(141	)		456		(2	)		7,027		(143	)
Non-agency		45		0			1,566		(127	)		1,611		(127	)

Total RMBS		6,616		(141	)		2,022		(129	)		8,638		(270	)
CMBS:
Agency⁽¹⁾		0		0			0		0			0		0
Non-agency		0		0			0		0			0		0

Total CMBS		0		0			0		0			0		0
Total ABS		1,411		(2	)		33		(2	)		1,444		(4	)
Other		300		(1	)		80		(6	)		380		(7	)

Total securities available-for-sale in a gross unrealized loss position	$	8,327	$	(144	)	$	2,135	$	(137	)	$	10,462	$	(281	)

⁽¹⁾	Consists of mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae.

Scheduled Contractual Maturities Of Investment Securities


	September 30, 2011
(Dollars in millions)	Amortized Cost		Fair Value
Due in 1 year or less	$	2,651	$	2,661
Due after 1 year through 5 years		6,856		6,909
Due after 5 years through 10 years		1,613		1,646
Due after 10 years⁽¹⁾		26,681		27,184

Total	$	37,801	$	38,400

⁽¹⁾	Investments with no stated maturities, which consist of equity securities, are included with contractual maturities due after 10 years.

Expected Maturities And Weighted Average Yields Of Investment Securities By Major Security Type

September 30, 2011

Due in 1 Year
or Less

Due > 1 Year
through
5 Years

Due > 5 Years
through
10 Years

Due > 10 Years

Total

(Dollars in millions)

Amount

Average
Yield⁽¹⁾

Amount

Average
Yield⁽¹⁾

Amount

Average
Yield⁽¹⁾

Amount

Average
Yield⁽¹⁾

Amount

Average
Yield⁽¹⁾

Fair value of securities available- for-sale:

U.S. Treasury debt obligations

125

4.27

125

4.27

U.S. Agency debt obligations⁽²⁾

4.40

109

4.59

175

4.52

RMBS:

Agency⁽³⁾

956

4.96

23,368

4.21

1,423

4.23

25,747

4.24

Non-agency

187

5.07

1,056

5.83

5.70

6.58

1,273

5.72

Total RMBS

1,143

4.98

24,424

4.29

1,449

4.26

6.58

27,020

4.32

CMBS:

Agency⁽³⁾

197

2.63

157

3.13

2.25

429

2.74

Non-agency

134

3.19

264

3.90

398

3.66

Total CMBS

331

2.87

421

3.62

2.25

827

3.19

Total ABS

2,727

2.17

6,454

1.92

553

3.34

9,734

2.07

Other⁽⁴⁾

301

2.04

4.02

4.86

165

1.16

519

2.06

Total securities available for sale

4,237

2.95

31,494

3.78

2,425

3.94

244

1.70

38,400

3.69

Amortized cost of securities available-for-sale

4,217

30,985

2,407

192

37,801

⁽¹⁾	Yields are calculated based on the amortized cost of the securities.

⁽²⁾	Consists of debt securities issued by Fannie Mae and Freddie Mac.

⁽³⁾	Consists of mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae.

⁽⁴⁾	Yields of tax-exempt securities are calculated on a fully taxable-equivalent (FTE) basis.

Other-Than-Temporary Impairment Losses On Debt Securities Recognized In Earnings


	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in millions)	2011			2010			2011			2010
Total OTTI losses	$	33		$	39		$	83		$	116
Less: Non-credit component of OTTI losses recorded in OCI		(27	)		(34	)		(68	)		(54	)

Net OTTI losses recognized in earnings	$	6		$	5		$	15		$	62

Credit Losses Related To Debt Securities Recognized In Earnings


	Three Months Ended September 30,					Nine Months Ended September 30,
(Dollars in millions)	2011			2010		2011			2010
Beginning balance	$	56		$	41	$	49		$	32
Additions for the credit component of OTTI on debt securities for which OTTI losses were not previously recognized		0			3		3			10	⁽²⁾
Additions for the credit component of OTTI on debt securities for which OTTI losses were previously recognized		6			2		12			16
Reductions related to debt securities for which the credit component previously recorded in AOCI was recognized in earnings because of our intent to sell the securities and for securities sold during the period⁽¹⁾		(1	)		0		(3	)		(12	)

Ending balance	$	61		$	46	$	61		$	46

⁽¹⁾

⁽²⁾	Includes $4 million of OTTI losses recognized in earnings in the first quarter of 2010 on negative amortization bonds classified as held to maturity.

Changes In AOCI, Net Of Taxes, Related To Available-For-Sale Securities


	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in millions)	2011			2010			2011			2010
Beginning balance AOCI related to securities available for sale, net of tax⁽¹⁾	$	478		$	674		$	369		$	186
Net unrealized gains (losses), net of tax⁽²⁾		41			(77	)		150			437
Net realized losses (gains) reclassified from AOCI into earnings, net of tax⁽³⁾		(121	)		(11	)		(121	)		(37	)

Ending balance AOCI related to securities available for sale, net of tax	$	398		$	586		$	398		$	586

⁽¹⁾	Net of tax benefit (expense) of $(263) million and $(371) million for the three months ended September 30, 2011 and 2010, respectively, and $(203) million and $(102) million for the nine months ended September 30, 2011 and 2010, respectively.

⁽²⁾	Net of tax benefit (expense) of $(23) million and $42 million for the three months ended September 30, 2011 and 2010, respectively, and $(83) million and $(241) million for the nine months ended September 30, 2011 and 2010, respectively.

⁽³⁾	Net of tax (benefit) expense of $67 million and $6 million for the three months ended September 30, 2011 and 2010, respectively, and $67 million and $20 million for the nine months ended September 30, 2011 and 2010, respectively.

Gross Realized Gains And Losses On The Sale And Redemption Of Available-For-Sale Securities Recognized In Earnings


	Three Months Ended September 30,					Nine Months Ended September 30,
(Dollars in millions)	2011		2010			2011			2010
Gross realized investment gains	$	239	$	27		$	253		$	135
Gross realized investment losses		0		(1	)		(3	)		(1	)

Net realized gains	$	239	$	26		$	250		$	134

Total proceeds from sales	$	6,409	$	2,417		$	8,979		$	11,478

Loans (Tables)

9 Months Ended

Sep. 30, 2011

Loans [Abstract]

Composition Of Loans Held For Investment Portfolio


(Dollars in millions)	September 30, 2011		December 31, 2010
Credit Card business:
Domestic credit card loans	$	51,510	$	49,979
International credit card loans		8,210		7,513

Total credit card loans		59,720		57,492

Domestic installment loans		2,310		3,870
International installment loans		0		9

Total installment loans		2,310		3,879

Total credit card		62,030		61,371

Consumer Banking business:
Automobile		20,422		17,867
Home loans		10,916		12,103
Other retail		4,014		4,413

Total consumer banking		35,352		34,383

Commercial Banking business:
Commercial and multifamily real estate⁽¹⁾		14,389		13,396
Middle market		11,924		10,484
Specialty lending		4,221		4,020

Total commercial lending		30,534		27,900
Small-ticket commercial real estate		1,571		1,842

Total commercial banking		32,105		29,742
Other:
Other loans		465		451

Total loans	$	129,952	$	125,947

⁽¹⁾	Includes construction loans and land development loans totaling $2.2 billion as of September 30, 2011 and $2.4 billion as of December 31, 2010.

Aging Of Held For Investment Loans By Portfolio Segment And Class


	September 30, 2011
(Dollars in millions)	Current			30-59 Days			60-89 Days			> 90 Days			Total Delinquent Loans			PCI Loans			Total Loans			> 90 Days and Accruing⁽¹⁾			Nonperforming Loans⁽¹⁾
Credit card:
Domestic credit card and installment loans	$	51,858		$	612		$	435		$	915		$	1,962		$	0		$	53,820		$	915		$	0
International credit card and installment loans		7,771			141			104			194			439			0			8,210			194			0

Total credit card		59,629			753			539			1,109			2,401			0			62,030			1,109			0

Consumer Banking:
Auto		18,979			919			376			92			1,387			56			20,422			0			92
Home loans		6,137			75			41			381			497			4,282			10,916			0			495
Retail banking		3,884			29			13			43			85			45			4,014			2			79

Total consumer banking		29,000			1,023			430			516			1,969			4,383			35,352			2			666

Commercial Banking:
Commercial and multifamily real estate		13,895			46			68			219			333			161			14,389			32			287
Middle market		11,518			8			1			67			76			330			11,924			5			116
Specialty lending		4,180			17			6			18			41			0			4,221			3			35

Total commercial lending		29,593			71			75			304			450			491			30,534			40			438
Small-ticket commercial real estate		1,508			39			6			18			63			0			1,571			0			21

Total commercial banking		31,101			110			81			322			513			491			32,105			40			459

Other:
Other loans		402			18			5			40			63			0			465			0			47

Total	$	120,132		$	1,904		$	1,055		$	1,987		$	4,946		$	4,874		$	129,952		$	1,151		$	1,172

% of Total loans		92.4	%		1.5	%		0.8	%		1.5	%		3.8	%		3.8	%		100.0	%		0.9	%		0.9	%


	December 31, 2010
(Dollars in millions)	Current			30-59 Days			60-89 Days			> 90 Days			Total Delinquent Loans			PCI Loans			Total Loans			> 90 Days and Accruing⁽¹⁾			Nonperforming Loans⁽¹⁾
Credit card:
Domestic credit card and installment loans	$	51,649		$	558		$	466		$	1,176		$	2,200		$	0		$	53,849		$	1,176		$	0
International credit card and installment loans		7,090			132			97			203			432			0			7,522			203			0

Total credit card		58,739			690			563			1,379			2,632			0			61,371			1,379			0

Consumer Banking:
Auto		16,414			952			402			99			1,453			0			17,867			0			99
Home loans		6,707			65			44			395			504			4,892			12,103			0			486
Retail banking		4,218			31			22			40			93			102			4,413			5			91

Total consumer banking		27,339			1,048			468			534			2,050			4,994			34,383			5			676

Commercial Banking:
Commercial and multifamily real estate		12,816			118			31			153			302			278			13,396			14			276
Middle market		10,113			34			5			50			89			282			10,484			0			133
Specialty lending		3,962			25			7			26			58			0			4,020			0			48

Total commercial lending		26,891			177			43			229			449			560			27,900			14			457
Small-ticket commercial real estate		1,711			74			24			33			131			0			1,842			0			38

Total commercial banking		28,602			251			67			262			580			560			29,742			14			495

Other:
Other loans		382			19			5			45			69			0			451			0			54

Total	$	115,062		$	2,008		$	1,103		$	2,220		$	5,331		$	5,554		$	125,947		$	1,398		$	1,225

% of Total loans		91.4	%		1.6	%		0.9	%		1.7	%		4.2	%		4.4	%		100.0	%		1.1	%		1.0	%

⁽¹⁾	Purchased credit-impaired loans are excluded from loans reported as 90 days or more past due and still accruing interest and nonperforming loans.

Credit Card: Risk Profile By Geographic Region And Delinquency Status


	September 30, 2011					December 31, 2010
(Dollars in millions)	Amount		% of Total⁽¹⁾			Amount		% of Total⁽¹⁾
Domestic card and installment loans:
California	$	6,128		9.9	%	$	6,242		10.2	%
Texas		3,572		5.7			3,633		5.9
New York		3,658		5.9			3,599		5.8
Florida		3,201		5.2			3,298		5.4
Illinois		2,524		4.1			2,403		3.9
Pennsylvania		2,422		3.9			2,389		3.9
Ohio		2,168		3.5			2,109		3.4
New Jersey		2,045		3.3			1,971		3.2
Michigan		1,754		2.8			1,716		2.8
Other		26,348		42.5			26,489		43.2

Total domestic card and installment loans		53,820		86.8	%		53,849		87.7	%

International card and installment loans:
United Kingdom		3,879		6.2			4,102		6.7
Canada		4,331		7.0			3,420		5.6

Total international card and installment loans		8,210		13.2			7,522		12.3	%

Total credit card	$	62,030		100.0	%	$	61,371		100.0	%

Selected credit metrics:
30+ day delinquencies⁽²⁾	$	2,401		3.87	%	$	2,632		4.29	%
90+ day delinquencies⁽²⁾		1,109		1.79			1,379		2.25


	Three Months Ended September 30,										Nine Months Ended September 30,
	2011					2010					2011					2010
(Dollars in millions)	Amount		Rate			Amount		Rate			Amount		Rate			Amount		Rate
Net charge-offs:
Domestic	$	527		3.92	%	$	1,112		8.23	%	$	1,969		4.94	%	$	3,940		9.43	%
International		134		6.15			139		7.60			414		6.31			468		8.28

Total⁽³⁾	$	661		4.23	%	$	1,251		8.16	%	$	2,383		5.13	%	$	4,408		9.30	%

⁽¹⁾	Percentages by geographic region within the domestic and international credit card portfolios are calculated based on the total held for investment credit card and installment loans as of the end of the reported period.

⁽²⁾

⁽³⁾	Calculated by dividing annualized net charge-offs by average credit card loans held for investment during the three and nine months ended September 30, 2011 and 2010.

Consumer Banking: Risk Profile By Geographic Region, Delinquency Status And Performing Status

September 30, 2011

Non-PCI Loans

PCI Loans

Total

(Dollars in millions)

Loans

% of
Total⁽¹⁾

Loans

% of
Total⁽¹⁾

Loans

% of
Total⁽¹⁾

Auto:

Texas

3,727

10.6

0.0

3,727

10.6

California

1,620

4.6

0.0

1,620

4.6

Louisiana

1,380

3.9

0.0

1,380

3.9

Florida

1,118

3.2

0.0

1,118

3.2

Georgia

1,066

3.0

0.0

1,066

3.0

New York

929

2.6

0.0

929

2.6

Illinois

925

2.6

0.0

925

2.6

Other

9,601

27.1

0.2

9,657

27.3

Total auto

20,366

57.6

0.2

20,422

57.8

Home loans:

New York

1,799

5.1

279

0.8

2,078

5.9

California

822

2.3

1,283

3.6

2,105

5.9

Louisiana

1,711

4.8

0.0

1,713

4.8

Maryland

275

0.8

570

1.6

845

2.4

Virginia

191

0.5

551

1.6

742

2.1

New Jersey

354

1.0

261

0.7

615

1.7

Other

1,482

4.3

1,336

3.7

2,818

8.0

Total home loans

6,634

18.8

4,282

12.0

10,916

30.8

Retail banking:

Louisiana

1,583

4.5

0.0

1,583

4.5

Texas

965

2.7

0.0

965

2.7

New York

897

2.5

0.0

897

2.5

New Jersey

298

0.8

0.0

298

0.8

Maryland

0.2

0.1

0.3

Virginia

0.1

0.2

Other

130

0.4

0.0

138

0.4

Total retail banking

3,969

11.2

0.2

4,014

11.4

Total consumer banking

30,969

87.6

4,383

12.4

35,352

100.0

September 30, 2011

Auto

Home Loan

Retail Banking

Total Consumer
Banking

(Dollars in millions)

Amount

Rate

Amount

Rate

Amount

Rate

Amount

Rate

Credit performance:⁽²⁾

30+ day delinquencies

1,387

6.79

497

4.55

2.12

1,969

5.57

90+ day delinquencies

0.45

381

3.49

1.07

516

1.46

Nonperforming loans

0.45

495

4.54

1.97

666

1.88


	December 31, 2010
	Non-PCI Loans					PCI Loans					Total
(Dollars in millions)	Loans		% of Total⁽¹⁾			Loans		% of Total⁽¹⁾			Loans		% of Total⁽¹⁾
Auto:
Texas	$	3,161		9.2	%	$	0		0.0	%	$	3,161		9.2	%
California		1,412		4.1			0		0.0			1,412		4.1
Louisiana		1,334		3.9			0		0.0			1,334		3.9
Florida		954		2.8			0		0.0			954		2.8
Georgia		908		2.6			0		0.0			908		2.6
New York		894		2.6			0		0.0			894		2.6
Illinois		843		2.5			0		0.0			843		2.5
Other		8,361		24.3			0		0.0			8,361		24.3

Total auto	$	17,867		52.0	%	$	0		0.0	%	$	17,867		52.0	%

Home loan:
New York	$	2,069		6.0	%	$	311		0.9	%	$	2,380		6.9	%
California		959		2.8			1,380		4.0			2,339		6.8
Louisiana		1,776		5.2			2		0.0			1,778		5.2
Maryland		281		0.8			605		1.8			886		2.6
Virginia		200		0.6			591		1.7			791		2.3
New Jersey		423		1.2			278		0.8			701		2.0
Other		1,503		4.4			1,725		5.0			3,228		9.4

Total home loans	$	7,211		21.0	%	$	4,892		14.2	%	$	12,103		35.2	%

Retail banking:
Louisiana	$	1,754		5.1	%	$	0		0.0	%	$	1,754		5.1	%
Texas		1,125		3.3			0		0.0			1,125		3.3
New York		909		2.6			0		0.0			909		2.6
New Jersey		357		1.0			0		0.0			357		1.0
Maryland		58		0.2			31		0.1			89		0.3
Virginia		35		0.1			17		0.1			52		0.2
Other		73		0.2			54		0.1			127		0.3

Total retail banking	$	4,311		12.5	%	$	102		0.3	%	$	4,413		12.8	%

Total consumer banking	$	29,389		85.5	%	$	4,994		14.5	%	$	34,383		100.0	%


	December 31, 2010
	Auto					Home Loan					Retail Banking					Total Consumer Banking
(Dollars in millions)	Amount		Rate			Amount		Rate			Amount		Rate			Amount		Rate
Credit performance:⁽²⁾
30+ day delinquencies	$	1,453		8.13	%	$	504		4.16	%	$	93		2.11	%	$	2,050		5.96	%
90+ day delinquencies		99		0.55			395		3.27			40		0.91			534		1.54
Nonperforming loans		99		0.55			486		4.01			91		2.07			676		1.97

Three Months Ended September 30, 2011

Auto

Home Loan

Retail Banking

Total Consumer
Banking

(Dollars in millions)

Amount

Rate

Amount

Rate

Amount

Rate

Amount

Rate

Net charge-offs⁽³⁾

1.69

0.53

1.67

115

1.32



	Three Months Ended September 30, 2010
	Auto					Home Loans					Retail Banking					Total Consumer Banking
(Dollars in millions)	Amount		Rate			Amount		Rate			Amount		Rate			Amount		Rate
Net charge-offs⁽³⁾	$	118		2.71	%	$	13		0.41	%	$	26		2.20	%	$	157		1.79	%

Nine Months Ended September 30, 2011

Auto

Home Loans

Retail Banking

Total Consumer
Banking

(Dollars in millions)

Amount

Rate

Amount

Rate

Amount

Rate

Amount

Rate

Net charge-offs⁽³⁾

224

1.58

0.61

1.91

336

1.30



	Nine Months Ended September 30, 2010
	Auto					Home Loans					Retail Banking					Total Consumer Banking
(Dollars in millions)	Amount		Rate			Amount		Rate			Amount		Rate			Amount		Rate
Net charge-offs⁽³⁾	$	340		2.59	%	$	65		0.62	%	$	78		2.14	%	$	483		1.77	%

⁽¹⁾	Percentages by geographic region are calculated based on the total held-for-investment consumer banking loans as of the end of the reported period.

⁽²⁾

⁽³⁾	Calculated by dividing annualized net charge-offs by average loans held for investment for the three and nine months ended September 30, 2011 and 2010.

Home Loans: Risk Profile By Vintage, Geography, And Lien Priority

September 30, 2011

Non-PCI Loans

PCI Loans

Total Home Loans

(Dollars in millions)

Amount

% of
Total⁽¹⁾

Amount

% of
Total⁽¹⁾

Amount

% of
Total⁽¹⁾

Origination year:

< = 2005

4,294

39.3

1,592

14.6

5,886

53.9

2006

753

6.9

981

9.0

1,734

15.9

2007

565

5.2

1,324

12.1

1,889

17.3

2008

273

2.5

310

2.8

583

5.3

2009

237

2.2

0.2

258

2.4

2010

295

2.7

0.4

340

3.1

2011

217

2.0

0.1

226

2.1

Total

6,634

60.8

4,282

39.2

10,916

100.0

Geographic concentration:⁽²⁾

New York

1,799

16.5

279

2.6

2,078

19.1

California

822

7.5

1,283

11.8

2,105

19.3

Louisiana

1,711

15.7

0.0

1,713

15.7

Maryland

275

2.5

570

5.2

845

7.7

Virginia

191

1.8

551

5.0

742

6.8

New Jersey

354

3.2

261

2.4

615

5.6

Texas

478

4.4

0.3

508

4.7

Florida

123

1.1

261

2.4

384

3.5

District of Columbia

0.6

145

1.3

208

1.9

Washington

0.6

101

0.9

164

1.5

Connecticut

0.8

0.7

163

1.5

Other

670

6.1

721

6.6

1,391

12.7

Total

6,634

60.8

4,282

39.2

10,916

100.0

Lien type:

1^st lien

5,495

50.3

3,789

34.7

9,284

85.0

2^nd lien

1,139

10.5

493

4.5

1,632

15.0

Total

6,634

60.8

4,282

39.2

10,916

100.0

Interest rate type:

Fixed rate

2,856

26.2

0.8

2,947

27.0

Adjustable rate

3,778

34.6

4,191

38.4

7,969

73.0

Total

6,634

60.8

4,282

39.2

10,916

100.0


	December 31, 2010
	Non-PCI Loans					PCI Loans					Total Home Loans
(Dollars in millions)	Amount		% of Total⁽¹⁾			Amount		% of Total⁽¹⁾			Amount		% of Total⁽¹⁾
Origination year:
< = 2005	$	4,801		39.7	%	$	1,852		15.3	%	$	6,653		55.0	%
2006		848		7.0			1,133		9.3			1,981		16.3
2007		609		5.0			1,527		12.6			2,136		17.6
2008		305		2.5			371		3.1			676		5.6
2009		288		2.4			9		0.1			297		2.5
2010		360		3.0			0		0.0			360		3.0

Total	$	7,211		59.6	%	$	4,892		40.4	%	$	12,103		100.0	%

Geographic concentration:⁽²⁾
New York	$	2,069		17.1	%	$	311		2.6	%	$	2,380		19.7	%
California		959		7.9			1,380		11.4			2,339		19.3
Louisiana		1,776		14.7			2		0.0			1,778		14.7
Maryland		281		2.3			605		5.0			886		7.3
Virginia		200		1.7			591		4.9			791		6.6
New Jersey		423		3.5			278		2.3			701		5.8
Texas		491		4.1			32		0.3			523		4.4
Florida		139		1.1			290		2.4			429		3.5
District of Columbia		77		0.6			149		1.2			226		1.8
Connecticut		110		0.9			85		0.7			195		1.6
Other		686		5.7			1,169		9.6			1,855		15.3

Total	$	7,211		59.6	%	$	4,892		40.4	%	$	12,103		100.0	%

Lien type:
1^st lien	$	6,015		49.7	%	$	4,303		35.5	%	$	10,318		85.2	%
2^nd lien		1,196		9.9			589		4.9			1,785		14.8

Total	$	7,211		59.6	%	$	4,892		40.4	%	$	12,103		100.0	%

Interest rate type:
Fixed rate	$	3,548		29.3	%	$	182		1.5	%	$	3,730		30.8	%
Adjustable rate		3,663		30.3			4,710		38.9			8,373		69.2

Total	$	7,211		59.6	%	$	4,892		40.4	%	$	12,103		100.0	%

⁽¹⁾	Percentages within each risk category calculated based on total held for investment home loans.

⁽²⁾	Represents the top ten states in which we have the highest concentration of home loans.

Commercial: Risk Profile By Geographic Region And Internal Risk Rating

September 30, 2011

(Dollars in millions)

Commercial
&
Multifamily
Real Estate

% of
Total⁽²⁾

Middle
Market

% of
Total⁽²⁾

Specialty
Lending

% of
Total⁽²⁾

Small-ticket
Commercial
Real Estate

% of
Total⁽²⁾

Total
Commercial

% of
Total⁽²⁾

Geographic concentration:⁽³⁾

Non-PCI loans:

Northeast

11,450

79.6

3,565

29.9

1,590

37.7

974

62.0

17,579

54.8

Mid-Atlantic

913

6.4

544

4.5

191

4.5

3.9

1,710

5.3

South

1,531

10.6

6,876

57.7

756

17.9

6.1

9,258

28.8

Other

334

2.3

609

5.1

1,684

39.9

440

28.0

3,067

9.6

Total non-PCI loans

14,228

98.9

11,594

97.2

4,221

100.0

1,571

100.0

31,614

98.5

PCI loans

161

1.1

330

2.8

0.0

491

1.5

Total

14,389

100.0

11,924

100.

4,221

100.

1,571

100.

32,105

100.0

Internal risk rating:⁽⁴⁾

Non-PCI loans:

Noncriticized

12,842

89.3

10,893

91.3

4,132

97.9

1,507

96.0

29,374

91.6

Criticized performing

1,100

7.6

584

4.9

1.3

2.7

1,781

5.5

Criticized nonperforming

286

2.0

117

1.0

0.8

1.3

459

1.4

Total non-PCI loans

14,228

98.9

11,594

97.2

4,221

100.0

1,571

100.0

31,614

98.5

PCI loans:

Noncriticized

126

0.9

317

2.7

0.0

443

1.4

Criticized performing

0.2

0.1

0.0

0.1

Total PCI loans

161

1.1

330

2.8

0.0

491

1.5

Total

14,389

100.0

11,924

100.0

4,221

100.0

1,571

100.0

32,105

100.0


	December 31, 2010
(Dollars in millions)	Commercial & Multifamily Real Estate		% of Total⁽²⁾			Middle Market		% of Total⁽²⁾			Specialty Lending		% of Total⁽²⁾			Small-ticket Commercial Real Estate		% of Total⁽²⁾			Total Commercial		% of Total⁽²⁾
Geographic concentration:⁽³⁾
Non-PCI loans:
Northeast	$	10,849		81.0	%	$	3,240		30.9	%	$	1,548		38.5	%	$	1,137		61.7	%	$	16,774		56.4	%
Mid-Atlantic		720		5.4			960		9.2			185		4.6			71		3.9			1,936		6.5
South		1,315		9.8			5,191		49.5			733		18.2			119		6.5			7,358		24.7
Other		234		1.8			811		7.7			1,554		38.7			515		27.9			3,114		10.5

Total non-PCI loans		13,118		98.0			10,202		97.3			4,020		100.0			1,842		100.0			29,182		98.1
PCI loans		278		2.0			282		2.7			0		0.0			0		0.0			560		1.9

Total	$	13,396		100.0	%	$	10,484		100.0	%	$	4,020		100.0	%	$	1,842		100.0	%	$	29,742		100.0	%

Internal risk rating:⁽⁴⁾
Non-PCI loans:
Noncriticized	$	11,611		86.7	%	$	9,445		90.1	%	$	3,897		96.9	%	$	1,710		92.8	%	$	26,663		89.6	%
Criticized performing		1,231		9.2			624		6.0			75		1.9			95		5.2			2,025		6.8
Criticized nonperforming		276		2.1			133		1.2			48		1.2			37		2.0			494		1.7

Total non-PCI loans		13,118		98.0			10,202		97.3			4,020		100.0			1,842		100.0			29,182		98.1

PCI loans:
Noncriticized	$	186		1.3	%	$	235		2.3	%	$	0		0.0	%	$	0		0.0	%	$	421		1.4	%
Criticized performing		92		0.7			47		0.4			0		0.0			0		0.0			139		0.5

Total PCI loans		278		2.0			282		2.7			0		0.0			0		0.0			560		1.9

Total	$	13,396		100.0	%	$	10,484		100.0	%	$	4,020		100.0	%	$	1,842		100.0	%	$	29,742		100.0	%

⁽¹⁾	Amounts based on total loans as of September 30, 2011 and December 31, 2010.

⁽²⁾	Percentages calculated based on total held for investment commercial loans in each respective loan category as of the end of the reported period.

⁽³⁾	Northeast consists of CT, ME, MA, NH, NJ, NY, PA and VT. Mid-Atlantic consists of DE, DC, MD, VA and WV. South consists of AL, AR, FL, GA, KY, LA, MS, MO, NC, SC, TN and TX.

⁽⁴⁾	Criticized exposures correspond to the "Special Mention", "Substandard" and "Doubtful" asset categories defined by banking regulatory authorities.

Impaired Loans, Excluding Purchased Credit-Impaired Loans


	September 30, 2011
(Dollars in millions)	With an Allowance		Without an Allowance		Total Recorded Investment		Related Allowance		Net Recorded Investment		Unpaid Principal Balance		Average Recorded Investment		Interest Income Recognized
Credit card and Installment loans:
Domestic card and installment loans	$	728	$	0	$	728	$	263	$	465	$	710	$	743	$	57
International card and installment loans		187		0		187		102		85		176		147		5

Total credit card and installment loans⁽¹⁾		915		0		915		365		550		886		890		62

Consumer banking:
Auto		44		0		44		6		38		44		17		2
Home loans		101		0		101		10		91		101		73		3
Retail banking		56		19		75		10		65		81		46		1

Total consumer banking		201		19		220		26		194		226		136		6

Commercial banking:
Commercial and multifamily real estate		262		206		468		60		408		540		405		6
Middle market		73		98		171		9		162		200		131		1
Specialty lending		10		9		19		3		16		25		20		0

Total commercial lending		345		313		658		72		586		765		556		7

Small-ticket commercial real estate		13		12		25		1		24		35		94		0

Total commercial banking		358		325		683		73		610		800		650		7

Other:
Other loans		0		1		1		0		1		1		1		0

Total	$	1,474	$	345	$	1,819	$	464	$	1,355	$	1,913	$	1,677	$	75


	December 31, 2010
(Dollars in millions)	With an Allowance		Without an Allowance		Total Recorded Investment		Related Allowance		Net Recorded Investment		Unpaid Principal Balance		Average Recorded Investment		Interest Income Recognized
Credit card and installment loans:
Domestic card and installment loans	$	753	$	0	$	753	$	253	$	500	$	739	$	644	$	76
International card and installment loans		160		0		160		133		27		154		128		0

Total credit card and installment loans⁽¹⁾		913		0		913		386		527		893		772		76

Consumer banking:
Auto		0		0		0		0		0		0		0		0
Home loans		57		0		57		1		56		57		28		1
Retail banking		23		17		40		1		39		51		46		1

Total consumer banking		80		17		97		2		95		108		74		2

Commercial banking:
Commercial and multifamily real estate		40		283		323		6		317		436		385		4
Middle market		25		95		120		7		113		156		109		1
Specialty lending		1		20		21		0		21		22		35		0

Total commercial lending		66		398		464		13		451		614		529		5

Small-ticket commercial real estate		16		20		36		2		34		73		41		1

Total commercial banking		82		418		500		15		485		687		570		6

Other:
Other loans		0		0		0		0		0		0		0		0

Total	$	1,075	$	435	$	1,510	$	403	$	1,107	$	1,688	$	1,416	$	84

⁽¹⁾	Credit Card and Installment loans include finance charges and fees.

TDR Disclosures In Progress Financial Impact Of The Modification


	Total Loans Modified⁽¹⁾		Three Months Ended September 30, 2011
			Reduced Interest Rate						Term Extension					Balance Reduction
(Dollars in millions)			% of TDR activity⁽²⁾⁽⁸⁾			Average Rate Reduction⁽³⁾			% of TDR Activity⁽⁴⁾⁽⁸⁾			Average Term Extension (Months)⁽⁵⁾		% of TDR Activity⁽⁶⁾⁽⁸⁾			Gross Balance Reduction⁽⁷⁾
Credit card:
Domestic	$	79		100	%		10.39	%		0	%		0		0	%	$	0
International		67		100			22.01			0			0		0			0

Total credit card		146		100			15.72			0			0		0			0

Consumer banking:
Auto		21		66			1.39			100			10		0			0
Home loans		19		45			2.01			63			115		13			0
Retail banking		21		9			1.51			80			15		0			0

Total consumer banking		61		39			1.63			82			44		4			0

Commercial banking:
Commercial and multifamily real estate		37		46			1.03			100			13		29			3
Middle market		54		13			0.43			72			15		2			0
Specialty lending		2		48			1.19			98			38		38			1

Total commercial lending		93		27			0.69			83			15		14			4

Small-ticket commercial real estate		0		0			0.00			100			3		0			0

Total commercial banking		93		27			0.69			84			15		13			4

Total		300		65	%		9.89	%		43	%		27		5	%	$	4


	Total Loans Modified ⁽¹⁾		Nine Months Ended September 30, 2011
			Reduced Interest Rate						Term Extension					Balance Reduction
(Dollars in millions)			% of TDR Activity⁽²⁾			Average Rate Reduction⁽³⁾			% of TDR Activity⁽⁴⁾			Average Term Extension (Months)⁽⁵⁾		% of TDR Activity⁽⁶⁾			Gross Balance Reduction⁽⁷⁾
Credit card:
Domestic	$	249		100	%		10.51	%		0	%		0		0	%	$	0
International		194		100			22.84			0			0		0			0

Total credit card		443		100			15.93			0			0		0			0

Consumer banking:
Auto		53		61			1.39			100			9		0			0
Home loans		49		48			2.10			76			88		8			0
Retail banking		58		8			0.83			81			19		0			0

Total consumer banking		160		38			1.42			86			37		2			0

Commercial banking:
Commercial and multifamily real estate		161		37			2.79			96			13		7			3
Middle market		95		19			0.83			72			15		1			0
Specialty lending		10		29			0.60			83			36		8			1

Total commercial lending		266		31			2.01			87			15		5			4

Small-ticket commercial real estate		4		0			0.00			100			3		0			0

Total commercial banking		270		30			2.01			87			15		5			4

Total	$	873		67	%		9.95	%		43	%		23		2	%	$	4

⁽¹⁾	Represents total loans modified and accounted for as a TDR during the period. Paydowns, charge-offs and any other changes in the loan carrying value subsequent to the loan entering TDR status are not reflected.

⁽²⁾	Percentage of loans modified and accounted for as a TDR during the period that were granted a reduced interest rate.

⁽³⁾	Weighted average interest rate reduction for those loans that received an interest rate concession.

⁽⁴⁾	Percentage of loans modified and accounted for as a TDR during the period that were granted a maturity date extension.

⁽⁵⁾	Weighted average change in maturity date for those loans that received a maturity date extension.

⁽⁶⁾	Percentage of loans modified and accounted for as a TDR during the period that were granted forgiveness or forbearance of a portion of their balance.

⁽⁷⁾	Total amount of forgiven or forborne balances.

⁽⁸⁾	Due to multiple concessions granted to some troubled borrowers, percentages may total more than 100% for certain loan types.

Troubled Debt Restructurings Subsequent Default


	September 30, 2011
	Three Months Ended				Nine Months Ended
(Dollars in millions)	Number of Contracts		Amount		Number of Contracts		Amount
Credit Card:
Domestic		8,721	$	22		25,235	$	71
International⁽¹⁾		11,733		44		34,330		137

Total Credit Card		20,454		66		59,565		208

Consumer banking:
Auto		110		1		130		2
Home Loans		27		2		60		7
Retail banking		63		2		188		4

Total consumer banking		200		5		378		13

Commercial banking:
Commercial and multifamily real estate		9		12		13		35
Middle market		0		0		3		3
Specialty Lending		5		2		6		2

Total commercial lending		14		14		22		40

Small-ticket commercial real estate		1		1		1		0

Total commercial banking		15		15		23		40

Other:
Other Loans		0		0		0		0

Total		20,669	$	86		59,966	$	261

⁽¹⁾

Nonaccretable Difference And Accretable Yield At Acquisition


	At Acquisition on February 27, 2009
(Dollars in millions)	Total Acquired Loans			Purchased Credit-Impaired Loans			Non- Impaired Loans
Contractually outstanding principal and interest at acquisition	$	15,387		$	12,039		$	3,348
Less: Nonaccretable difference (expected principal losses of $2,207 and foregone interest of $1,820)⁽¹⁾		(4,027	)		(3,851	)		(176	)

Cash flows expected to be collected at acquisition⁽²⁾		11,360			8,188			3,172
Less: Accretable yield		(2,360	)		(1,861	)		(499	)

Fair value of loans acquired⁽³⁾	$	9,000		$	6,327		$	2,673

⁽¹⁾	Expected principal losses and foregone interest on purchased credit-impaired loans at acquisition totaled $2.1 billion and $1.8 billion, respectively. Expected principal losses and foregone interest on non-impaired loans at acquisition totaled $154 million and $23 million, respectively.

⁽²⁾	Represents undiscounted expected principal and interest cash flows at acquisition.

⁽³⁾	A portion of the loans acquired in connection with the Chevy Chase Bank acquisition was classified as held for sale. These loans, which had an estimated fair value at acquisition of $235 million, are not included in the above tables.

Outstanding Balance And Carrying Value Of Acquired Loans


	September 30, 2011						December 31, 2010
(Dollars in millions)	Total Acquired Loans		Purchased Credit-Impaired Loans		Non- Impaired Loans		Total Acquired Loans		Purchased Credit-Impaired Loans		Non- Impaired Loans
Contractual balance	$	6,024	$	4,789	$	1,235	$	7,054	$	5,546	$	1,508

Carrying value⁽¹⁾		4,852		3,733		1,119		5,554		4,165		1,389

⁽¹⁾	Includes $22 million and $33 million of cumulative impairment recognized as of September 30, 2011 and December 31, 2010, respectively.

Changes In Accretable Yield Of Acquired Loans


(Dollars in millions)	Total Acquired Loans			Purchased Credit-Impaired Loans			Non- Impaired Loans
Accretable yield as of December 31, 2009	$	2,067		$	1,742		$	325
Accretion recognized in earnings		(405	)		(299	)		(106	)
Reclassifications from nonaccretable difference for loans with improvement in expected cash flows		350			311			39

Accretable yield as of December 31, 2010	$	2,012		$	1,754		$	258

Accretion recognized in earnings		(335	)		(285	)		(50	)
Reclassifications from nonaccretable difference for loans with improving cash flows⁽¹⁾		233			227			6
Reductions in accretable yield for non-credit related changes in expected cash flows⁽²⁾		(68	)		(57	)		(11	)

Accretable yield as of September 30, 2011	$	1,842		$	1,639		$	203

⁽¹⁾	Represents increases in accretable yields for those pools with increases primarily the result of improved credit performance.

⁽²⁾	Represents changes in accretable yields for those pools with reductions driven primarily by changes in prepayment levels.

Allowance For Loan And Lease Losses (Tables)

9 Months Ended

Sep. 30, 2011

Allowance For Loan And Lease Losses [Abstract]

Summary Of Changes In The Allowance For Loan And Lease Losses


	Three Months Ended September 30, 2011
				Consumer																					Unfunded Lending Commitments Reserve			Combined Allowance & Unfunded Reserve
(Dollars in millions)	Credit Card			Auto			Home Loan			Retail Banking			Total Consumer			Commercial			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve			Combined Allowance & Unfunded Reserve
Balance as of June 30, 2011	$	3,093		$	322		$	90		$	186		$	598		$	730		$	67		$	4,488		$	64		$	4,552
Provision for loan and lease losses⁽²⁾		512			119			18			0			137			(1	)		(15	)		633			(11	)		622
Charge-offs⁽²⁾		(967	)		(129	)		(20	)		(23	)		(172	)		(35	)		(9	)		(1,183	)		0			(1,183	)
Recoveries		306			46			5			6			57			6			2			371			0			371

Net charge-offs		(661	)		(83	)		(15	)		(17	)		(115	)		(29	)		(7	)		(812	)		0			(812	)
Other changes⁽³⁾		(29	)		0			0			0			0			0			0			(29	)		0			(29	)

Balance as of September 30, 2011⁽²⁾	$	2,915		$	358		$	93		$	169		$	620		$	700		$	45		$	4,280		$	53		$	4,333


	Nine Months Ended September 30, 2011
				Consumer																					Unfunded Lending Commitments Reserve			Combined Allowance & Unfunded Reserve
(Dollars in millions)	Credit Card			Auto			Home Loan			Retail Banking			Total Consumer			Commercial			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve			Combined Allowance & Unfunded Reserve
Balance as of December 31, 2010	$	4,041		$	353		$	112		$	210		$	675		$	826		$	86		$	5,628		$	107		$	5,735
Provision for loan and lease losses⁽²⁾		1,270			229			34			18			281			0			2			1,553			(54	)		1,499
Charge-offs⁽²⁾		(3,362	)		(372	)		(74	)		(78	)		(524	)		(152	)		(47	)		(4,085	)		0			(4,085	)
Recoveries		979			148			21			19			188			26			4			1,197			0			1,197

Net charge-offs		(2,383	)		(224	)		(53	)		(59	)		(336	)		(126	)		(43	)		(2,888	)		0			(2,888	)
Other changes⁽³⁾		(13	)		0			0			0			0			0			0			(13	)		0			(13	)

Balance as of September 30, 2011⁽²⁾	$	2,915		$	358		$	93		$	169		$	620		$	700		$	45		$	4,280		$	53		$	4,333

⁽¹⁾	Other consists of our discontinued GreenPoint mortgage operations loan portfolio and our community redevelopment loan portfolio.

⁽²⁾

⁽³⁾	Includes foreign exchange translation adjustments of $29 million and $13 million for the three and nine months ended September 30, 2011, respectively.

Components Of Allowance For Loan And Lease Losses By Impairment Methodology


	September 30, 2011
				Consumer
(Dollars in millions)	Credit Card			Auto			Home Loan			Retail Banking			Total Consumer			Commercial			Other			Total
Allowance for loan and lease losses by impairment methodology:
Collectively evaluated for impairment	$	2,550		$	352		$	64		$	158		$	574		$	625		$	45		$	3,794
Individually evaluated for impairment		365			6			10			10			26			73			0			464
Purchased credit-impaired loans		0			0			19			1			20			2			0			22

Total allowance for loan and lease losses	$	2,915		$	358		$	93		$	169		$	620		$	700		$	45		$	4,280

Held for investment loans by impairment methodology:
Collectively evaluated for impairment	$	61,115		$	20,322		$	6,533		$	3,894		$	30,749		$	30,932		$	464		$	123,260
Individually evaluated for impairment		915			44			101			75			220			682			1			1,818
Purchased credit-impaired loans		0			56			4,282			45			4,383			491			0			4,874

Total held for investment loans	$	62,030		$	20,422		$	10,916		$	4,014		$	35,352		$	32,105		$	465		$	129,952

Allowance as a percentage of period end held for investment loans		4.70	%		1.75	%		0.85	%		4.21	%		1.75	%		2.18	%		9.68	%		3.29	%


	December 31, 2010
				Consumer
(Dollars in millions)	Credit Card			Auto			Home Loan			Retail Banking			Total Consumer			Commercial			Other			Total
Allowance for loan and lease losses by impairment methodology:
Collectively evaluated for impairment	$	3,655		$	353		$	81		$	209		$	643		$	808		$	86		$	5,192
Individually evaluated for impairment		386			0			1			1			2			15			0			403
Purchased credit-impaired loans		0			0			30			0			30			3			0			33

Total allowance for loan and lease losses	$	4,041		$	353		$	112		$	210		$	675		$	826		$	86		$	5,628

Held for investment loans by impairment methodology:
Collectively evaluated for impairment	$	60,458		$	17,867		$	7,154		$	4,271		$	29,292		$	28,682		$	451		$	118,883
Individually evaluated for impairment		913			0			57			40			97			500			0			1,510
Purchased credit impaired loans		0			0			4,892			102			4,994			560			0			5,554

Total held for investment loans	$	61,371		$	17,867		$	12,103		$	4,413		$	34,383		$	29,742		$	451		$	125,947

Allowance as a percentage of period end held for investment loans		6.58	%		1.98	%		0.93	%		4.76	%		1.96	%		2.78	%		19.07	%		4.47	%

Variable Interest Entities And Securitizations (Tables)

9 Months Ended

Sep. 30, 2011

Variable Interest Entities And Securitizations [Abstract]

Carrying Amount Of Assets And Liabilities Of Variable Interest Entities

<div class="MetaData"> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td> </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> <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"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="18" align="center">September 30, 2011</td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center">Consolidated</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center">Unconsolidated</td> <td valign="bottom"> </td></tr> <tr><td style="border-bottom: #000000 2px solid;" valign="bottom" nowrap="nowrap">(Dollars in millions)</td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Carrying Amount of Assets</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Carrying Amount of Liabilities</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Carrying Amount of Assets </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">Carrying Amount of Liabilities </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">Maximum Exposure to Loss(3)</td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> Securitization-related VIEs:</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> Credit card loan securitizations(4) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">47,808</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">17,942</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> Auto loan securitizations(4) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">119</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">99</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr><td valign="top"> Mortgage loan securitizations</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">154 </td> <td valign="bottom" nowrap="nowrap">(1) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">32 </td> <td valign="bottom" nowrap="nowrap">(2) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">267</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> Other asset securitizations(4) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">37</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">37</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td></tr> <tr><td valign="top"> Total securitization related VIEs</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">47,964</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">18,078</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">154</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">32</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">267</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> Other VIEs:</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> Affordable housing entities</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,902</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">259</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,902</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> Entities that provide capital to low-income and rural communities</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">251</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">6</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">3</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">6</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr><td valign="top"> Other</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">146</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">146</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> Total Other VIEs</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">252</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,054</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">262</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,054</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td></tr> <tr><td valign="top"> Total VIEs</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">48,216</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">18,078</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,208</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">294</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,321</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td></tr></table> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="56%"> </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> <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 height="16"> </td> <td height="16" colspan="20"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="18" align="center">December 31, 2010</td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center">Consolidated</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center">Unconsolidated</td> <td valign="bottom"> </td></tr> <tr><td style="border-bottom: #000000 2px solid;" valign="bottom" nowrap="nowrap">(Dollars in millions)</td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Carrying Amount of Assets</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Carrying Amount of Liabilities</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">Carrying Amount of Assets </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Carrying Amount of Liabilities </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">Maximum Exposure to Loss(3)</td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> Securitization-related VIEs:</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> Credit card loan securitizations(4) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">53,694</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">25,622</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> Auto loan securitizations(4) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,784</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,518</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr><td valign="top"> Mortgage loan securitizations</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">174 </td> <td valign="bottom" nowrap="nowrap">(1) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">37 </td> <td valign="bottom" nowrap="nowrap">(2) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">297</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> Other asset securitizations(4) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">198</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">64</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td></tr> <tr><td valign="top"> Total securitization related VIEs</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">55,676</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">27,204</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">174</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">37</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">297</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> Other VIEs:</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> Affordable housing entities</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,681</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">304</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,681</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> Entities that provide capital to low-income and rural communities</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">230</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">6</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">3</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">6</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr><td valign="top"> Other</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">174</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">174</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> Total Other VIEs</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">230</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">0</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,861</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">307</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,861</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td></tr> <tr><td valign="top"> Total VIEs</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">55,906</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">27,204</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,035</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">344</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,158</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td> </td></tr></table> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left"> (1) </td> <td class="MetaData" valign="top" align="left"> The carrying amount of assets of unconsolidated securitization-related VIEs consists of retained interests and letters of credit related to manufactured housing securitizations. Mortgage servicing rights related to unconsolidated VIEs are reported on our consolidated balance sheets under goodwill and other intangible assets. See "Note 8—Goodwill and Other Intangible Assets" for additional information on our mortgage servicing rights. Other retained interests are reported on our consolidated balance sheets under accounts receivable from securitizations. </td></tr></table> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left"> (2) </td> <td valign="top" align="left"> The carrying amount of liabilities of unconsolidated securitization-related VIEs consists of obligations to fund negative amortization bonds associated with the securitization of option-adjustable rate mortgage loans ("option-ARMs") and obligations on certain swap agreements associated with the securitization of manufactured housing loans. </td></tr></table> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left"> (3) </td> <td class="MetaData" valign="top" align="left"> The maximum exposure to loss represents the amount of loss we would incur in the unlikely event that all our assets in the VIE become worthless and we were required to meet our maximum remaining funding obligations. </td></tr></table> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left"> (4) </td> <td class="MetaData" valign="top" align="left"> Represents the gross assets and liabilities owned by the VIE which included seller's interest and retained and repurchased noted held by other related parties.</td></tr></table></div>

External Debt And Receivable Balances Of Securitization Programs, Information Regarding Ongoing Involvement In The Structures, And Any Gains/Losses Recognized On Transferred Assets

September 30, 2011

Non-Mortgage

Mortgage

(Dollars in millions)

Credit
Card

Auto
Loan

Other
Loan

Option
ARM

GreenPoint
HELOCs

GreenPoint
Manufactured
Housing

Securities held by third-party investors

17,001

3,233

221

1,281

Receivables in the trust

46,844

3,342

221

1,287

Cash balance of spread or reserve accounts

175

Retained interests

Yes

Servicing retained

Yes

⁽¹⁾

Yes

⁽¹⁾

⁽³⁾

Amortization event⁽⁴⁾

Yes

⁽²⁾

December 31, 2010

Non-Mortgage

Mortgage

(Dollars in millions)

Credit
Card

Auto
Loan

Other
Loan

Option
ARM

GreenPoint
HELOCs

GreenPoint
Manufactured
Housing

Securities held by third-party investors

25,415

1,453

3,690

284

1,386

Receivables in the trust

52,355

1,528

191

3,813

284

1,393

Cash balance of spread or reserve accounts

147

183

Retained interests

Yes

Servicing retained

Yes

⁽¹⁾

Yes

⁽¹⁾

⁽³⁾

Amortization event⁽⁴⁾

Yes

⁽²⁾

⁽¹⁾	We continue to service some of the outstanding balance of securitized mortgage receivables.

⁽²⁾	See information below regarding on-going involvement in the GreenPoint Home Equity Line of Credit ("HELOC") securitizations.

⁽³⁾	The manufactured housing securitizations are serviced by a third party. For two of the deals, that third party works in the capacity of subservicer with Capital One being the Master Servicer.

⁽⁴⁾

Accounts Receivable From Securitizations


(Dollars in millions)	September 30, 2011		December 31, 2010
Interest-only strip classified as trading	$	64	$	75
Retained interests classified as trading:
Retained notes		29		34
Cash collateral		8		8
Investor accrued interest receivable		0		0

Total retained interests classified as trading		37		42
Other retained interests		0		3

Total accounts receivable from securitizations	$	101	$	120

Gain Or Loss In Earnings From Changes In The Fair Value Of Retained Interests


	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in millions)	2011			2010⁽¹⁾			2011			2010⁽¹⁾
Interest only strip valuation changes	$	(4	)	$	6		$	(11	)		(19	)
Fair value adjustments related to spread accounts		13			0			38			6
Fair value adjustments related to retained subordinated notes		0			(11	)		1			(16	)

Total income statement impact	$	9			(5	)	$	28			(29	)

⁽¹⁾

Key Assumptions And Sensitivities For Non Mortgage Retained Interests Valuations


(Dollars in millions)	September 30, 2011			December 31, 2010
Interest-only strip and retained interests	$	118	⁽¹⁾	$	136	⁽¹⁾

Weighted average life for receivables (months)		66			60

Principal repayment rate (weighted average rate)		13.8 - 17.1	%		16.3 – 18.1	%
Impact on fair value of 10% adverse change	$	9		$	2
Impact on fair value of 20% adverse change		(5	)		(6	)

Discount rate (weighted average rate)		25.0 - 42.2	%		25.2 – 42.2	%
Impact on fair value of 10% adverse change	$	(7	)	$	(7	)
Impact on fair value of 20% adverse change		(13	)		(14	)

⁽¹⁾	Does not include liquidity swap related to the negative amortization bonds of $17 million as of September 30, 2011 and $19 million at December 31, 2010.


	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in millions)	2011		2010		2011		2010
Servicing fees received	$	7		8		22	$	25
Cash flows received on retained interests⁽¹⁾		11		43		36		137

⁽¹⁾	Includes all cash receipts of excess spread and other payments (excluding servicing fees) from the program.

Supplemental Loan Information


(Dollars in millions)	September 30, 2011		December 31, 2010
Total principal amount of loans	$	1,263	$	1,396
Principal amount of loans past due 90 days or more	$	234	$	257

Goodwill And Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2011

Goodwill And Other Intangible Assets [Abstract]

Components Of Goodwill And Other Intangible Assets


(Dollars in millions)	September 30, 2011		December 31, 2010
Goodwill	$	13,593	$	13,591
Other intangible assets:
Core deposit intangibles		520		650
Contract intangible⁽¹⁾		53		0
Purchased credit card relationship intangibles⁽²⁾		56		42
Lease intangibles		22		26
Trust intangibles		5		6
Other intangibles		4		9

Total other intangible assets		660		733

Total goodwill and other intangible assets	$	14,253	$	14,324

Mortgage servicing rights	$	94	$	141

⁽¹⁾	Relates to the acquisition of the HBC portfolio in the first quarter of 2011.

⁽²⁾	Relates to the acquisitions of the Kohl's private-label credit card portfolio in the second quarter of 2011, the existing HBC credit card portfolio in the first quarter of 2011 and the Sony Card portfolio in the third quarter of 2010.

Goodwill


(Dollars in millions)	Credit Card			Consumer		Commercial		Total
Balance as of December 31, 2010	$	4,690		$	4,583	$	4,318	$	13,591
Acquisitions		3			0		0		3
Other adjustments		(1	)		0		0		(1	)

Balance as of September 30, 2011	$	4,692		$	4,583	$	4,318	$	13,593

Intangible Assets Subject To Amortization


	September 30, 2011
(Dollars in millions)	Gross Carrying Amount		Accumulated Amortization			Currency Valuation Adjustments			Net Carrying Amount		Remaining Amortization Period
Core deposit intangibles	$	1,562	$	(1,042	)	$	0		$	520		6.2 years
Purchased credit card relationship intangibles⁽¹⁾		77		(20	)		(1	)		56		5.5 years
Contract intangible⁽²⁾		70		(14	)		(3	)		53		6.3 years
Lease intangibles		54		(32	)		0			22		21.0 years
Trust intangibles		11		(6	)		0			5		12.2 years
Other intangibles		25		(21	)		0			4		2.6 years

Total	$	1,799	$	(1,135	)	$	(4	)	$	660


	December 31, 2010
(Dollars in millions)	Gross Carrying Amount		Accumulated Amortization			Currency Valuation Adjustments		Net Carrying Amount		Remaining Amortization Period
Core deposit intangibles	$	1,562	$	(912	)	$	0	$	650		7.0 years
Purchased credit card relationship intangibles⁽¹⁾		47		(5	)		0		42		6.1 years
Lease intangibles		54		(28	)		0		26		21.7 years
Trust intangibles		11		(5	)		0		6		12.9 years
Other intangibles		35		(26	)		0		9		3.3 years

Total	$	1,709	$	(976	)	$	0	$	733

⁽¹⁾	Relates to the acquisitions of the existing Kohl's private-label credit card portfolio in the second quarter of 2011, the existing HBC credit card portfolio in the first quarter of 2011 and the existing Sony Card portfolio in the third quarter of 2010.

⁽²⁾	Relates to the acquisition of the existing HBC credit card portfolio in the first quarter of 2011.

Estimated Future Amortization Expense For Intangible Assets


(Dollars in millions)	Estimated Future Amortization Amounts
2011 (remaining three months)	$	52
2012		183
2013		148
2014		113
2015		80
2016		49
Thereafter		35

Total	$	660

Changes In The Fair Value Of Mortgage Servicing Rights


	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in millions)	2011			2010			2011			2010
Balance at beginning of period	$	130		$	137		$	141		$	240
Originations		1			2			7			8
Sales		0			0			0			(42	)
Change in fair value, net		(37	)		(15	)		(54	)		(82	)

Balance at end of period	$	94		$	124		$	94		$	124

Ratio of mortgage servicing rights to related loans serviced for others		0.51	%		0.61	%		0.65	%		0.72	%
Weighted average service fee		0.28			0.28			0.28			0.28

Significant Assumptions Used In Estimating The Fair Value Of MSRs


	September 30,
	2011			2010
Weighted average prepayment rate (includes default rate)		18.53	%		17.59	%
Weighted average life (in years)		4.86			5.09
Discount rate		11.72	%		11.71	%

Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill.

Deposits, Short-Term Borrowings And Long-Term Debt

Deposits And Borrowings (Tables)

9 Months Ended

Sep. 30, 2011

Deposits And Borrowings [Abstract]


(Dollars in millions)	September 30, 2011		December 31, 2010
Deposits:
Non-interest bearing deposits	$	17,541	$	15,048
Interest-bearing deposits		110,777		107,162

Total deposits	$	128,318	$	122,210

Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$	1,441	$	1,517
Other short-term borrowings		0		7

Total short-term borrowings		1,441		1,524

Long-term debt:
Securitized debt obligations		17,120		26,836	⁽¹⁾
Senior and subordinated notes:
Unsecured senior debt		7,112		4,883
Unsecured subordinated debt		3,939		3,767

Total senior and subordinated notes		11,051		8,650

Other long-term borrowings:
Junior subordinated debt		3,642		3,642
FHLB advances		1,061		1,144

Other long-term borrowings		4,703		4,786

Total long-term debt		32,874		40,272

Total short-term borrowings and long-term debt	$	34,315	$	41,796

⁽¹⁾	Includes fair value hedges related to securitized debt of $79 million as of December 31, 2010, which was included on the consolidated balance sheet in Other borrowings.

Components Of Interest Expense


	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in millions)	2011		2010		2011		2010
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$	1	$	1	$	4	$	3
FHLB advances		1		0		1		0

Total short-term borrowings		2		1		5		3

Long-term debt:
Securitized debt obligations		89		191		342		644
Senior and subordinated notes:
Unsecured senior debt		54		41		123		119
Unsecured subordinated debt		30		31		88		92

Total senior and subordinated notes		84		72		211		211

Other long-term borrowings:
Junior subordinated debt		79		78		231		242
FHLB advances		2		4		9		17
Other		2		2		6		3

Other long-term borrowings		83		84		246		262

Total long-term debt		256		347		799		1,117

Total short-term borrowings and long-term debt	$	258	$	348	$	804	$	1,120

Derivative Instruments And Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2011

Derivative Instruments And Hedging Activities [Abstract]

Fair Value And Notional Amounts Of Derivative Instruments


	September 30, 2011						December 31, 2010
	Notional or Contractual Amount		Derivatives at Fair Value				Notional or Contractual Amount		Derivatives at Fair Value
(Dollars in millions)	Notional or Contractual Amount		Assets⁽¹⁾		Liabilities⁽¹⁾		Notional or Contractual Amount		Assets⁽¹⁾		Liabilities⁽¹⁾
Derivatives designated as accounting hedges:
Interest rate contracts:
Fair value interest rate contracts	$	15,052	$	1,052	$	1	$	17,001	$	747	$	77
Cash flow interest rate contracts		6,325		79		137		8,585		14		151

Total interest rate contracts		21,377		1,131		138		25,586		761		228

Foreign exchange contracts:
Cash flow foreign exchange contracts		4,341		279		0		2,266		5		26
Net investment foreign exchange contracts		0		0		0		52		0		1

Total foreign exchange contracts		4,341		279		0		2,318		5		27

Total derivatives designated as accounting hedges		25,718		1,410		138		27,904		766		255

Derivatives not designated as accounting hedges:⁽¹⁾
Interest rate contracts covering:
MSRs		383		18		13		625		3		18
Customer accommodation⁽²⁾		15,232		458		404		12,255		282		244
Other interest rate exposures		28,153		35		300		7,579		46		35

Total interest rate contracts		43,768		511		717		20,459		331		297

Foreign exchange contracts		1,488		219		66		1,384		214		67
Other contracts		957		3		5		980		8		17

Total derivatives not designated as accounting hedges		46,213		733		788		22,823		553		381

Total derivatives	$	71,931	$	2,143	$	926	$	50,727	$	1,319	$	636

⁽¹⁾

⁽²⁾	Customer accommodation derivatives include those entered into with our commercial banking customers and those entered into with other counterparties to offset the market risk.

Net Gains (Losses) Recognized In Earnings Related To Derivatives In Fair Value Hedging Relationships And Freestanding Derivatives


	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in millions)	2011			2010			2011			2010
Derivatives designated as accounting hedges:
Fair value interest rate contracts:
Gain recognized in earnings on derivatives⁽¹⁾	$	339		$	231		$	380		$	757
Loss recognized in earnings on hedged items⁽¹⁾		(334	)		(230	)		(372	)		(718	)

Net fair value hedge ineffectiveness gain		5			1			8			39

Derivatives not designated as accounting hedges:
Interest rate contracts covering:
MSRs⁽¹⁾		6			(4	)		2			(17	)
Customer accommodation⁽¹⁾		5			6			15			14
Other interest rate exposures⁽¹⁾⁽²⁾		(273	)		(1	)		(267	)		5

Total		(262	)		1			(250	)		2

Foreign exchange contracts⁽¹⁾		6			(7	)		4			1
Other contracts⁽¹⁾		14			12			23			44

Total gain (loss) on derivatives not designated as accounting hedges		(242	)		6			(223	)		47

Net derivatives gain (loss) recognized in earnings	$	(237	)	$	7		$	(215	)	$	86

⁽¹⁾	Amounts are recorded in our consolidated statements of income in other non-interest income.

⁽²⁾	Includes $266 million in mark-to-market losses recorded in the third quarter of 2011 on interest-rate swap transactions related to the pending ING Direct acquisition discussed above.

Net Gains (Losses) Related To Derivatives Designated As Cash Flow Hedges And Net Investment Hedges


	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in millions)	2011			2010			2011			2010
Gain (loss) recorded in AOCI:⁽¹⁾
Cash flow hedges:
Interest rate contracts	$	14		$	(13	)	$	35		$	(28	)
Foreign exchange contracts		(5	)		(1	)		(15	)		1

Subtotal		9			(14	)		20			(27	)

Net investment hedges:
Foreign exchange contracts		(1	)		(3	)		(2	)		(1	)

Net derivative gain (loss) recognized in AOCI	$	8		$	(17	)	$	18		$	(28	)

Gain (loss) recorded in earnings:
Cash flow hedges:
Gain (loss) reclassified from AOCI into earnings:
Interest rate contracts⁽²⁾	$	(1	)	$	(8	)	$	1		$	(46	)
Foreign exchange contracts⁽³⁾		(5	)		(1	)		(14	)		1

Subtotal		(6	)		(9	)		(13	)		(45	)
Gain (loss) recognized in earnings due to ineffectiveness:
Interest rate contracts⁽³⁾		0			0			0			1
Foreign exchange contracts⁽³⁾		0			0			0			0

Subtotal		0			0			0			1

Net derivative loss recognized in earnings	$	(6	)	$	(9	)	$	(13	)	$	(44	)

⁽¹⁾	Amounts represent the effective portion.

⁽²⁾	Amounts reclassified are recorded in our consolidated statements of income in interest income, interest expense or other non-interest income.

⁽³⁾	Amounts reclassified are recorded in our consolidated statements of income in other non-interest income.

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

Schedule Of Accumulated Other Comprehensive Income (Loss)

Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2011

Stockholders' Equity [Abstract]


(Dollars in millions)	September 30, 2011			December 31, 2010
AOCI Components:
Net unrealized gains on securities⁽¹⁾	$	380		$	333
Net unrecognized elements of defined benefit plans		(30	)		(29	)
Foreign currency translation adjustments		(56	)		(36	)
Unrealized losses on cash flow hedging instruments and Other		(21	)		(52	)
Other-than-temporary impairment not recognized in earnings on securities		35			49
Initial application of measurement date provisions for postretirement benefits other than pensions		(1	)		(1	)
Initial application from adoption of consolidation standards		(16	)		(16	)

Total accumulated other comprehensive income	$	291		$	248

⁽¹⁾

Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2011

Earnings Per Common Share [Abstract]

Computation Of Basic And Diluted Earnings Per Common Share


	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars and shares in millions, except per share-related data)	2011			2010			2011			2010
Earnings:
Income from continuing operations, net of tax	$	865		$	818		$	2,842		$	2,349
Loss from discontinued operations, net of tax		(52	)		(15	)		(102	)		(303	)

Net income	$	813		$	803		$	2,740		$	2,046

Shares:
Weighted-average common shares outstanding		456			453			455			452
Effect of dilutive securities⁽¹⁾:
Stock options		1			1			2			1
Contingently issuable shares		1			0			2			0
Restricted stock and units		2			3			2			3

Dilutive potential common shares		4			4			6			4

Adjusted weighted-average common shares outstanding		460			457			461			456

Basic earnings per share
Income from continuing operations	$	1.89		$	1.81		$	6.24		$	5.19
Loss from discontinued operations		(0.11	)		(0.03	)		(0.22	)		(0.66	)

Net income per basic common share	$	1.78		$	1.78		$	6.02		$	4.53

Diluted earnings per share
Income from continuing operations	$	1.88		$	1.79		$	6.17		$	5.15
Loss from discontinued operations		(0.11	)		(0.03	)		(0.22	)		(0.66	)

Net income per diluted common share	$	1.77		$	1.76		$	5.95		$	4.49

⁽¹⁾

Fair Value Of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2011

Fair Value Of Financial Instruments [Abstract]

Assets And Liabilities Measured At Fair Value On A Recurring Basis

September 30, 2011

Fair Value Measurements Using

Assets/
Liabilities
at Fair Value

(Dollars in millions)

Level 1

Level 2

Level 3

Assets

Securities available for sale:

U.S. Treasury and other U.S. Agency

125

175

300

Residential mortgage-backed securities

26,829

191

27,020

Asset-backed securities

9,695

9,734

Commercial mortgage-backed securities

485

342

827

Other

277

230

519

Total securities available for sale

402

37,414

584

38,400

Other assets:

Mortgage servicing rights

Derivative receivables⁽¹⁾⁽²⁾

2,075

2,143

Retained interests in securitization

101

Total Assets

405

39,489

844

40,738

Liabilities

Other liabilities:

Derivative payables⁽¹⁾⁽²⁾

681

240

926

Total Liabilities

681

240

926


	December 31, 2010
	Fair Value Measurements Using						Assets/ Liabilities at Fair Value
(Dollars in millions)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets
Securities available for sale:
U.S. Treasury and other U.S. Agency	$	386	$	314	$	0	$	700
Residential mortgage-backed securities		0		29,626		578		30,204
Asset-backed securities		0		9,953		13		9,966
Commercial mortgage-backed securities		0		45		0		45
Other		293		322		7		622

Total securities available for sale		679		40,260		598		41,537
Other assets:
Mortgage servicing rights		0		0		141		141
Derivative receivables⁽¹⁾⁽²⁾		8		1,265		46		1,319
Retained interests in securitizations		0		0		117		117

Total Assets	$	687	$	41,525	$	902	$	43,114

Liabilities
Other liabilities:
Derivative payables⁽¹⁾⁽²⁾	$	18	$	575	$	43	$	636

Total Liabilities	$	18	$	575	$	43	$	636

⁽¹⁾

⁽²⁾

Level 3 Inputs Reconciliation For Assets And Liabilities


(Dollars in millions)	Three Months Ended September 30, 2011
(Dollars in millions)	Securities Available for Sale			Mortgage Servicing Rights			Derivative Receivables⁽²⁾			Retained Interests in Securitizations⁽³⁾			Derivative Payables⁽²⁾
Balance, June 30, 2011	$	378		$	130		$	44		$	106		$	(42	)
Total realized and unrealized gains (losses):
Included in net income		0			(34	)⁽¹⁾		27			(5	)		(24	)
Included in other comprehensive income		(10	)		0			0			0			0
Purchases		282			0			0			0			0
Sales		(15	)		0			0			0			0
Issuances		0			1			3			0			(180	)
Settlements		(34	)		(3	)		(8	)		0			5
Transfers in to Level 3⁽⁴⁾		100			0			0			0			0
Transfers out of Level 3⁽⁴⁾		(117	)		0			(1	)		0			1

Balance, September 30, 2011	$	584		$	94		$	65		$	101		$	(240	)

Total unrealized gains (losses) included in net income related to assets and liabilities still held as of September 30, 2011⁽⁵⁾	$	0		$	(34	)	$	27		$	(5	)	$	(24	)


	Three Months Ended September 30, 2011
(Dollars in millions)	U.S. Treasury & Agency		Residential mortgage backed securities			Asset- backed Securities			Commercial mortgage- backed Securities			Other		Total
Securities Available for Sale
Balance, June 30, 2011	$	0	$	357		$	9		$	0		$	12	$	378
Total realized and unrealized gains (losses):
Included in other comprehensive income		0		(5	)		(4	)		(1	)		0		(10	)
Purchases		0		(34	)		34			282			0		282
Sales		0		0			0			(15	)		0		(15	)
Issuances		0		0			0			0			0		0
Settlements		0		(34	)		0			0			0		(34	)
Transfers in to Level 3⁽⁴⁾		0		24			0			76			0		100
Transfers out of Level 3⁽⁴⁾		0		(117	)		0			0			0		(117	)

Balance, September 30, 2011	$	0	$	191		$	39		$	342		$	12	$	584

Total unrealized gains (losses) included in net income related to assets and liabilities still held as of September 30, 2011⁽⁵⁾	$	0	$	0		$	0		$	0		$	0	$	0


	Three Months Ended September 30, 2010
(Dollars in millions)	Securities Available for Sale			Mortgage Servicing Rights			Derivative Receivables⁽²⁾			Retained Interests in Securitizations⁽³⁾			Derivative Payables⁽²⁾
Balance, June 30, 2010	$	1,212		$	137		$	51		$	196		$	(47	)
Total realized and unrealized gains (losses):
Included in net income		(3	)		(13	)⁽¹⁾		5			0			(7	)
Included in other comprehensive income		(23	)		0			0			0			0
Purchases, sales, issuances and settlements, net		(21	)		0			2			(72	)		0
Transfers in to Level 3⁽⁴⁾		349			0			0			0			0
Transfers out of Level 3⁽⁴⁾		(385	)		0			(1	)		0			1

Balance, September 30, 2010	$	1,129		$	124		$	57		$	124		$	(53	)

Total unrealized gains (losses) included in net income related to assets and liabilities still held as of September 30, 2010⁽⁵⁾	$	(3	)	$	(13	)	$	5		$	0		$	(7	)


	Three Months Ended September 30, 2010
(Dollars in millions)	U.S. Treasury & Agency		Residential mortgage backed securities			Asset- backed Securities			Commercial mortgage- backed Securities		Other		Total
Securities Available for Sale
Balance, June 30, 2010	$	0	$	1,061		$	132		$	0	$	19	$	1,212
Total realized and unrealized gains (losses):
Included in net income		0		(3	)		0			0		0		(3	)
Included in other comprehensive income		0		(23	)		(1	)		0		1		(23	)
Purchases, sales, issuances and settlements, net		0		(21	)		0			0		0		(21	)
Transfers in to Level 3⁽⁴⁾		0		349			0			0		0		349
Transfers out of Level 3⁽⁴⁾		0		(335	)		(50	)		0		0		(385	)

Balance, September 30, 2010	$	0	$	1,028		$	81		$	0	$	20	$	1,129

Total unrealized gains (losses) included in net income related to assets and liabilities still held as of September 30, 2010⁽⁵⁾	$	0	$	(3	)	$	0		$	0	$	0	$	(3	)


	Nine Months Ended September 30, 2011
(Dollars in millions)	Securities Available for Sale			Mortgage Servicing Rights			Derivative Receivables⁽²⁾			Retained Interests in Securitizations⁽³⁾			Derivative Payables⁽²⁾
Balance, January 1, 2011	$	598		$	141		$	46		$	117		$	(43	)
Total realized and unrealized gains (losses):
Included in net income		0			(44	)⁽¹⁾		39			(16	)		(28	)
Included in other comprehensive income		(14	)		0			0			0			0
Purchases		316			0			0			0			0
Sales		(30	)		0			0			0			0
Issuances		0			7			5			0			(182	)
Settlements		(94	)		(10	)		(23	)		0			12
Transfers in to Level 3⁽⁴⁾		131			0			0			0			0
Transfers out of Level 3⁽⁴⁾		(323	)		0			(2	)		0			1

Balance, September 30, 2011	$	584		$	94		$	65		$	101		$	(240	)

Total unrealized gains (losses) included in net income related to assets and liabilities still held as of September 30, 2011⁽⁵⁾	$	0		$	(44	)	$	39		$	(16	)	$	(28	)


	Nine Months Ended September 30, 2011
(Dollars in millions)	U.S. Treasury & Agency		Residential mortgage backed securities			Asset- backed Securities			Commercial mortgage- backed Securities			Other		Total
Securities Available for Sale
Balance, January 1, 2011	$	0	$	578		$	13		$	0		$	7	$	598
Total realized and unrealized gains (losses):
Included in other comprehensive income		0		(9	)		(4	)		(1	)		0		(14	)
Purchases		0		0			34			282			0		316
Sales		0		(15	)		0			(15	)		0		(30	)
Issuances		0		0			0			0			0		0
Settlements		0		(93	)		(1	)		0			0		(94	)
Transfers in to Level 3⁽⁴⁾		0		50			0			76			5		131
Transfers out of Level 3⁽⁴⁾		0		(320	)		(3	)		0			0		(323	)

Balance, September 30, 2011	$	0	$	191		$	39		$	342		$	12	$	584

Total unrealized gains (losses) included in net income related to assets and liabilities still held as of September 30, 2011⁽⁵⁾	$	0	$	0		$	0		$	0		$	0	$	0


	Nine Months Ended September 30, 2010
(Dollars in millions)	Securities Available for Sale			Mortgage Servicing Rights			Derivative Receivables⁽²⁾			Retained Interests in Securitizations⁽³⁾			Derivative Payables⁽²⁾
Balance, January 1, 2010	$	1,506		$	240		$	440		$	3,945		$	(33	)
Total realized and unrealized gains (losses):
Included in net income		(3	)		(62	)⁽¹⁾		15			9			(20	)
Included in other comprehensive income		(72	)		0			0			0			0
Purchases, sales, issuances and settlements, net		40			(54	)		4			(79	)		(1	)
Impact of adoption of consolidation standards		0			0			(401	)		(3,751	)		0
Transfers in to Level 3⁽⁴⁾		1,101			0			0			0			0
Transfers out of Level 3⁽⁴⁾		(1,443	)		0			(1	)		0			1

Balance, September 30, 2010	$	1,129		$	124		$	57		$	124		$	(53	)

Total unrealized gains (losses) included in net income related to assets and liabilities still held as of September 30, 2010⁽⁵⁾	$	(3	)	$	(62	)	$	14		$	8		$	(20	)


	Nine Months Ended September 30, 2010
(Dollars in millions)	U.S. Treasury & Agency		Residential mortgage backed securities			Asset- backed Securities			Commercial mortgage- backed Securities		Other			Total
Securities Available for Sale
Balance January 1, 2010	$	0	$	1,468		$	13		$	0	$	25		$	1,506
Total realized and unrealized gains (losses):
Included in net income		0		(3	)		0			0		0			(3	)
Included in other comprehensive income		0		(71	)		(2	)		0		1			(72	)
Purchases, sales, issuances and settlements, net		0		(30	)		70			0		0			40
Transfers in to Level 3⁽⁴⁾		0		1,051			50			0		0			1,101
Transfers out of Level 3⁽⁴⁾		0		(1,387	)		(50	)		0		(6	)		(1,443	)

Balance, September 30, 2010	$	0	$	1,028		$	81		$	0	$	20		$	1,129

Total unrealized gains (losses) included in net income related to assets and liabilities still held as of September 30, 2010⁽⁵⁾	$	0	$	(3	)	$	0		$	0	$	0		$	(3	)

⁽¹⁾	Gains (losses) related to Level 3 mortgage servicing rights are reported in other non-interest income.

⁽²⁾

⁽³⁾

⁽⁴⁾

⁽⁵⁾

The amount presented for unrealized gains (losses) for assets still held as of the reporting date primarily represents impairments for available-for-sale securities and accretion on certain fixed maturity securities, and are reported in total other-than-temporary losses as a component of non-interest income. The amounts presented for unrealized gains (losses) for assets still held as of the end of the reported period for mortgage servicing rights, derivative receivable and derivative payables are reflected in Other as a component of non-interest income. The amounts presented for unrealized gains (losses) for assets still held as of the end of the reported period for retained interests in securitizations are reported in Servicing and securitizations as a component of non-interest income.

Assets Measured At Fair Value On A Non Recurring Basis


	September 30, 2011								Three Months Ended September 30, 2011			Nine Months Ended September 30, 2011
	Fair Value Measurements Using						Assets at Fair Value		Total Gains/(Losses)⁽²⁾			Total Gains/(Losses)⁽²⁾
(Dollars in millions)	Level 1		Level 2		Level 3		Assets at Fair Value		Total Gains/(Losses)⁽²⁾			Total Gains/(Losses)⁽²⁾
Assets
Loans held for sale	$	0	$	312	$	0		312	$	3		$	3
Loans held for investment		0		55		62		117		(18	)		(68	)
Foreclosed assets⁽¹⁾		0		138		0		138		(4	)		(23	)
Other		0		18		0		18		0			(13	)

Total	$	0	$	523	$	62	$	585	$	(19	)	$	(101	)


	September 30, 2010								Three Months Ended September 30, 2010			Nine Months Ended September 30, 2010
	Fair Value Measurements Using						Assets at Fair Value		Total Gains/(Losses)⁽²⁾			Total Gains/(Losses)⁽²⁾
(Dollars in millions)	Level 1		Level 2		Level 3		Assets at Fair Value		Total Gains/(Losses)⁽²⁾			Total Gains/(Losses)⁽²⁾
Assets
Loans held for sale	$	0	$	190	$	0	$	190	$	(1	)	$	(5	)
Loans held for investment		0		91		138		229		17			(90	)
Foreclosed assets⁽¹⁾		0		268		0		268		(9	)		(29	)
Other		0		8		0		8		2			0

Total	$	0	$	557	$	138	$	695	$	9		$	(124	)

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

⁽²⁾	Represents the gains/losses recognized for the periods presented.

Fair Value Of Financial Instruments


	September 30, 2011				December 31, 2010
(Dollars in millions)	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Financial Assets
Cash and cash equivalents	$	6,358	$	6,358	$	5,249	$	5,249
Restricted cash for securitization investors		984		984		1,602		1,602
Securities available for sale		38,400		38,400		41,537		41,537
Loans held for sale		312		312		228		228
Net loans held for investment		125,672		128,149		120,319		124,117
Interest receivable		958		958		1,070		1,070
Accounts receivable from securitization		101		101		118		118
Derivatives		2,143		2,143		1,319		1,319
Mortgage servicing rights		94		94		141		141

Financial Liabilities
Non-interest bearing deposits	$	17,541	$	17,541	$	15,048	$	15,048
Interest-bearing deposits		110,777		111,478		107,162		107,587
Senior and subordinated notes		11,051		10,960		8,650		9,236
Securitized debt obligations		17,120		17,257		26,915		26,943
Federal funds purchased and securities loaned or sold under agreements to repurchase		1,441		1,441		1,517		1,517
Other borrowings		4,703		4,696		4,714		4,901
Interest payable		401		401		488		488
Derivatives		926		926		636		636

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 14
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15
-Subparagraph b-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32
-Subparagraph a, c(1), c(2), c(3), d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 18
-Subparagraph c(2), d, e, f
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 19
-Subparagraph a, b, c(1), d(1)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13433-108611

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-Name Accounting Standards Codification
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-Section 50
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-Section 50
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-Topic 820
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-Section 50
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-Subparagraph (a)
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-Name Accounting Standards Codification
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-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Schedule Of Business Segments

Business Segments (Tables)

9 Months Ended

Sep. 30, 2011

Business Segments [Abstract]

Three Months Ended September 30, 2011

(Dollars in millions)

Credit
Card

Consumer
Banking

Commercial
Banking

Other

Total
Managed

Reconciliation⁽¹⁾

Total
Reported

Net interest income (expense)

2,042

1,097

353

(209

)

3,283

Non-interest income

678

188

(57

)

871

Total revenue

2,720

1,285

415

(266

)

4,154

Provision for loan and lease losses

511

136

(10

)

(15

)

622

Non-interest expense:

Core deposit intangible amortization

Other non-interest expense

1,188

821

190

2,255

Total non-interest expense

1,188

853

200

2,297

Income (loss) from continuing operations before income taxes

1,021

296

225

(307

)

1,235

Income tax provision (benefit)

358

106

(174

)

370

Income (loss) from continuing operations, net of tax

663

190

145

(133

)

865


	Three Months Ended September 30, 2010
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Other			Total Managed		Reconciliation⁽¹⁾			Total Reported
Net interest income (expense)	$	1,934	$	946	$	325	$	(93	)	$	3,112	$	(3	)	$	3,109
Non-interest income		671		196		30		7			904		3			907

Total revenue		2,605		1, 142		355		(86	)		4,016		0			4,016
Provision for loan and lease losses		660		114		95		(2	)		867		0			867
Non-interest expense:
Core deposit intangible amortization		0		36		14		0			50		0			50
Other non-interest expense		978		721		185		62			1,946		0			1,946

Total non-interest expense		978		757		199		62			1,996		0			1,996

Income (loss) from continuing operations before income taxes		967		271		61		(146	)		1,153		0			1,153
Income tax provision (benefit)		336		96		22		(119	)		335		0			335

Income (loss) from continuing operations, net of tax	$	631	$	175	$	39	$	(27	)	$	818	$	0		$	818

Nine Months Ended September 30, 2011

(Dollars in millions)

Credit
Card

Consumer
Banking

Commercial
Banking

Other

Total
Managed

Reconciliation⁽¹⁾

Total
Reported

Net interest income (expense)

5,873

3,131

1,007

(452

)

9,559

Non-interest income

1,971

568

195

(64

)

2,670

Total revenue

7,844

3,699

1,202

(516

)

12,229

Provision for loan and lease losses

1,270

272

(43

)

1,499

Non-interest expense:

Core deposit intangible amortization

100

131

Other non-interest expense

3,604

2,251

538

190

6,583

Total non-interest expense

3,604

2,351

569

190

6,714

Income (loss) from continuing operations before income taxes

2,970

1,076

676

(706

)

4,016

Income tax provision (benefit)

1,046

384

241

(497

)

1,174

Income (loss) from continuing operations, net of tax

1,924

692

435

(209

)

2,842


	Nine Months Ended September 30, 2010
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Other			Total Managed		Reconciliation⁽¹⁾			Total Reported
Net interest income (expense)	$	6,024	$	2,777	$	956	$	(316	)	$	9,441	$	(7	)	$	9,434
Non-interest income		2,048		674		132		(81	)		2,773		2			2,775

Total revenue		8,072		3,451		1,088		(397	)		12,214		(5	)		12,209
Provision for loan and lease losses		2,600		52		395		27			3,074		(5	)		3,069
Non-interest expense:
Core deposit intangible amortization		0		110		42		0			152		0			152
Other non-interest expense		2,894		2,070		547		180			5,691		0			5,691

Total non-interest expense		2,894		2,180		589		180			5,843		0			5,843

Income (loss) from continuing operations before income taxes		2,578		1,219		104		(604	)		3,297		0			3,297
Income tax provision (benefit)		890		434		37		(413	)		948		0			948

Income (loss) from continuing operations, net of tax	$	1,688	$	785	$	67	$	(191	)	$	2,349	$	0		$	2,349

⁽¹⁾

Business Segment Loans and Deposits

The total loan and deposit amounts attributable to each of our reportable business segments as of September 30, 2011 and December 31, 2010 are presented in the following tables.

September 30, 2011

(Dollars in millions)

Credit
Card

Consumer
Banking

Commercial
Banking

Other

Total
Reported

Loans held for investment

62,030

35,352

32,105

465

129,952

Total deposits

88,589

25,282

14,447

128,318



	December 31, 2010
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Other		Total Reported
Loans held for investment	$	61,371	$	34,383	$	29,742	$	451	$	125,947
Total deposits		0		82,959		22,630		16,621		122,210

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

Commitments, Contingencies And Guarantees [Abstract]

Commitments, Contingencies And Guarantees (Tables)

9 Months Ended

Sep. 30, 2011

Unpaid Principal Balance Of Mortgage Loans Originated And Sold To Third Parties Based On Category Of Purchaser


	Unpaid Principal Balance
	September 30, 2011		December 31, 2010		Original Unpaid Principal Balance
(Dollars in billions)	September 30, 2011		December 31, 2010		Total		2008		2007		2006		2005
Government sponsored enterprises ("GSEs")⁽¹⁾	$	5	$	5	$	11	$	1	$	4	$	3	$	3
Insured Securitizations		7		7		18		0		1		8		9
Uninsured Securitizations and Other		30		33		82		3		16		30		33

Total	$	42	$	45	$	111	$	4	$	21	$	41	$	45

⁽¹⁾	GSEs include Fannie Mae and Freddie Mac.

Open Claims In Pipeline


(Dollars in millions)	GSEs			Insured Securitizations			Uninsured Securitizations and Other			Total
Open claims as of December 31, 2009	$	61		$	366		$	588		$	1,015
Gross new demands received		204			645			104			953
Loans repurchased/made whole⁽²⁾		(52	)		(179	)		(5	)		(236	)
Demands rescinded⁽²⁾		(87	)		0			(22	)		(109	)

Open claims as of December 31, 2010	$	126		$	832		$	665		$	1,623
Gross new demands received		142			171			102			415
Loans repurchased/made whole		(56	)		(15	)		(14	)		(85	)
Demands rescinded		(65	)		0			(16	)		(81	)
Reclassifications⁽³⁾		4			70			(74	)		0

Open claims as of September 30, 2011	$	151		$	1,058		$	663		$	1,872

⁽¹⁾

⁽²⁾	Activity in 2010 relates to repurchase demands from all years prior.

⁽³⁾

Changes In Representation And Warranty Reserve


	Three Months Ended September 30,						Nine Months Ended September 30,						Full Year
(Dollars in millions)	2011			2010			2011			2010			2010
Representation and warranty repurchase reserve, beginning of period⁽¹⁾	$	869		$	853		$	816		$	238		$	238
Provision for repurchase losses⁽²⁾		72			16			153			644			636
Net realized losses		(49	)		(33	)		(77	)		(46	)		(58	)

Representation and warranty repurchase reserve, end of period⁽¹⁾	$	892		$	836		$	892		$	836		$	816

⁽¹⁾	Reported in our consolidated balance sheets as a component of other liabilities.

⁽²⁾

Allocation Of Representation And Warranty Reserve


	Reserve Liability
(Dollars in millions, except for loans sold)	September 30, 2011		December 31, 2010		Loans Sold 2005 to 2008⁽¹⁾
GSEs and Active Insured Securitizations	$	771	$	796	$	24
Inactive Insured Securitizations, Uninsured Securitizations and Other		121		20		87

Total	$	892	$	816	$	111

⁽¹⁾	Reflects, in billions, the total original principal balance of mortgage loans originated by our subsidiaries and sold to third party investors between 2005 and 2008.

Summary Of Significant Accounting Policies (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2011	Dec. 31, 2010
Summary Of Significant Accounting Policies [Line Items]
Goodwill	$ 13,593	$ 13,591
Allowance for credit losses	22
Consumer TDR Loans [Member]
Summary Of Significant Accounting Policies [Line Items]
Net increase to loans due to adoption of amended accounting guidance	56
Commercial TDR Loans [Member]
Summary Of Significant Accounting Policies [Line Items]
Net increase to loans due to adoption of amended accounting guidance	$ 77

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph l
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13816-109267

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 72
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 1
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Acquisitions (Details) $ in Millions		3 Months Ended		9 Months Ended
Acquisitions (Details) $ in Millions	Jan. 07, 2011 USD ($) employees	Sep. 30, 2011 USD ($)	Mar. 31, 2011 USD ($)	Sep. 30, 2011 USD ($)
Acquisitions [Line items]
Date of acquisition of the private-label credit card portfolio and related assets and assumed liabilities of Hudson's Bay Company		January 7, 2011		January 7, 2011
Fair value of the net assets acquired in the acquisition of the private-label credit card portfolio and related assets and assumed liabilities of Hudson's Bay Company	$ 1,400
Number of employees transferred in the acquisition of the private-label credit card portfolio and related assets and assumed liabilities of Hudson's Bay Company \| employees	400
Goodwill associated with the acquisition of the private-label credit card portfolio and related assets and assumed liabilities of Hudson's Bay Company			$ 3
Date of acquisition of Kohl's existing private-label credit card loan portfolio				April 1, 2011
Kohl's customer accounts				20,000,000
Credit card loan portfolio outstanding principal and interest balance				$ 3,700
Partnership agreement initial term, years				7
Automatic renewal of partnership agreement, period, years				1
Reduction in interest income		$ 206		$ 421
Reduction in charge-offs due to loss sharing agreements		39		80
Expected reimbursement netted in allowance for loan losses		$ 156		156
Reduction in the provision for loan and lease losses				236
Purchased Credit Card Relationship Intangibles [Member]
Acquisitions [Line items]
Intangible assets associated with the acquisition of the private-label credit card portfolio and related assets and assumed liabilities of Hudson's Bay Company				11
Contract Intangible [Member]
Acquisitions [Line items]
Intangible assets associated with the acquisition of the private-label credit card portfolio and related assets and assumed liabilities of Hudson's Bay Company				$ 70

Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Discontinued Operations (Details) - USD ($) $ in Millions	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010	Dec. 31, 2010
Discontinued Operations [Abstract]
Representations and warranties expenses for discontinued operations	$ 75		$ 147	$ 433
Representations and warranties expenses for discontinued operations, net of tax	53		104	308
Net interest expense	0	$ 0	0	(1)
Non-interest expense	(81)	(23)	(159)	(468)
Loss from discontinued operations before taxes	(81)	(23)	(159)	(469)
Income tax benefit	29	8	57	166
Loss from discontinued operations, net of taxes	(52)	$ (15)	(102)	$ (303)
Remaining assets of discontinued operations	305		305		$ 362
Remaining liabilities of discontinued operations	$ 665		$ 665		$ 585

Investment Securities (Narrative) (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2011

Sep. 30, 2010

Sep. 30, 2011

Sep. 30, 2010

Dec. 31, 2010

Securities available for sale, at fair value

$ 38,400

$ 41,537

Percentage of portfolio invested in US Treasury and agency securities (in hundredths)

69.00%

70.00%

Gross unrealized losses, Available-for-sale Securities

$ 177

$ 281

Number of individual securities that account for gross unrealized losses

320

Investments in non-agency CMO's, non-agency residential MBS and asset-backed securities

$ 149

Percent of total unrealized losses related to non-agency CMO's, non-agency residential MBS and asset-backed securities (in hundredths)

84.00%

12 Months or longer gross unrealized losses

$ 134

137

Net OTTI losses recognized in earnings

$ 5

$ 62

Remaining gross unrealized losses related to all other securities

^[1]

126

105

Securities pledged to secure borrowings from the FHLB

8,900

$ 10,000

Pledged securities with the option to repledge to parent company

352

Cash collateral posted by secured party

229

Proceeds from sale of investment securities

6,400

Net realized gains

239

$ 26

250

$ 134

Securities pledged collateral

$ 9

[1]	Represents the amount of cumulative non-credit other-than-temporary impairment ("OTTI") losses recorded in AOCI. These losses are included in total gross unrealized losses.

Investment Securities (Investment Securities) (Details) - USD ($)
$ in Millions

9 Months Ended

12 Months Ended

Sep. 30, 2011

Dec. 31, 2010

Schedule of Available-for-sale Securities [Line Items]

$ 37,801

$ 40,988

776

830

^[1]

(126)

(105)

^[2]

(51)

(176)

(177)

(281)

Agency debt obligations, amortized cost of debt securities

38,400

$ 41,537

$ 37,801

Percentage of the securities in our asset-backed security portfolio were rated AAA or its equivalent (in hundredths)

89.00%

90.00%

U.S. Treasury Debt Obligations [Member]

Schedule of Available-for-sale Securities [Line Items]

$ 115

$ 373

^[1]

^[2]

Schedule of Available-for-sale Securities [Line Items]

125

386

Agency RMBS [Member]

^[3]

25,139

27,980

^[3]

633

667

^[1],[3]

^[2],[3]

(25)

(143)

^[3]

(25)

(143)

Schedule of Available-for-sale Securities [Line Items]

^[3]

25,747

^[4]

28,504

Non-Agency RMBS [Member]

1,405

1,826

^[1]

(126)

(105)

^[2]

(8)

(22)

(134)

(127)

Residential Mortgage-Backed Securities Total [Member]

1,273

1,700

Schedule of Available-for-sale Securities [Line Items]

26,544

29,806

635

668

^[1]

(126)

(105)

^[2]

(33)

(165)

(159)

(270)

Commercial Mortgage-Backed Securities Agency [Member]

27,020

30,204

Schedule of Available-for-sale Securities [Line Items]

^[3]

418

^[3]

^[1],[3]

^[2],[3]

^[3]

Commercial Mortgage-Backed Securities Non-Agency [Member]

^[3]

429

^[4]

Schedule of Available-for-sale Securities [Line Items]

400

^[1]

^[2]

(3)

(3)

Commercial Mortgage-Backed Securities Total [Member]

398

Schedule of Available-for-sale Securities [Line Items]

818

^[1]

^[2]

(3)

(3)

827

Schedule of Available-for-sale Securities [Line Items]

^[5]

9,691

9,901

^[5]

^[1],[5]

^[2],[5]

(12)

(4)

^[5]

(12)

(4)

^[5]

9,734

9,966

Schedule of Available-for-sale Securities [Line Items]

^[6]

467

563

^[6]

^[1],[6]

^[2],[6]

(3)

(7)

^[6]

(3)

(7)

U.S. Agency Debt Obligations [Member]

^[6]

519

^[7]

622

Schedule of Available-for-sale Securities [Line Items]

^[8]

166

301

^[8]

^[1],[8]

^[2],[8]

^[8]

Fannie Mae, Freddie Mac And Ginnie Mae [Member]

^[8]

175

^[9]

314

Schedule of Available-for-sale Securities [Line Items]

Agency debt obligations, amortized cost of debt securities

174

213

$ 165

$ 200

Percentage book value of investments exceeded stockholders' equity

10.00%

Fannie Mae [Member]

Schedule of Available-for-sale Securities [Line Items]

$ 12,900

13,200

Freddie Mac [Member]

Schedule of Available-for-sale Securities [Line Items]

8,400

8,600

Ginnie Mae [Member]

Schedule of Available-for-sale Securities [Line Items]

4,300

$ 4,400

Schedule of Available-for-sale Securities [Line Items]

Percentage distribution of securities collateralized

73.00%

78.00%

Auto Dealer And Floor Plan Inventory Loans [Member]

Schedule of Available-for-sale Securities [Line Items]

Percentage distribution of securities collateralized

11.00%

6.00%

Student Loans [Member]

Schedule of Available-for-sale Securities [Line Items]

Percentage distribution of securities collateralized

5.00%

7.00%

Auto Loans [Member]

Schedule of Available-for-sale Securities [Line Items]

Percentage distribution of securities collateralized

7.00%

Equipment Loans [Member]

Schedule of Available-for-sale Securities [Line Items]

Percentage distribution of securities collateralized

2.00%

3.00%

Other Loan [Member]

Schedule of Available-for-sale Securities [Line Items]

Percentage distribution of securities collateralized

2.00%

1.00%

[1]	Represents the amount of cumulative non-credit other-than-temporary impairment ("OTTI") losses recorded in AOCI. These losses are included in total gross unrealized losses.
[2]	Represents the amount of cumulative gross unrealized losses on securities for which we have not recognized OTTI.
[3]	Consists of mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae, which had amortized cost of $12.9 billion, $8.4 billion and $4.3 billion, respectively, and fair value of $13.2 billion, $8.6 billion and $4.4 billion, respectively, as of September 30, 2011. The book value of Fannie Mae, Freddie Mac and Ginnie Mae investments exceeded 10% of our stockholders' equity as of September 30, 2011.
[4]	Consists of mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae.
[5]	Consists of securities collateralized by credit card loans, auto dealer and floor plan inventory loans and leases, student loans, auto loans, equipment loans and other. The distribution among these asset types was approximately 73% credit card loans, 11% auto dealer floor plan inventory loans and leases, 7% auto loans, 5% student loans, 2% equipment loans, and 2% of other loans as of September 30, 2011. In comparison, the distribution was approximately 78% credit card loans, 6% auto dealer floor plan inventory loans and leases, 7% auto loans, 7% student loans, 3% equipment loans and less than 1% of home equity lines of credit as of December 31, 2010. Approximately 89% of the securities in our asset-backed security portfolio were rated AAA or its equivalent as of September 30, 2011, compared with 90% as of December 31, 2010.
[6]	Consists of municipal securities and equity investments related primarily to CRA activities.
[7]	Yields of tax-exempt securities are calculated on a fully taxable-equivalent (FTE) basis.
[8]	Consists of debt securities issued by Fannie Mae and Freddie Mac, which had amortized cost of $165 million and $200 million as of September 30, 2011 and December 31, 2010, respectively, and fair value of $174 million and $213 million as of September 30, 2011 and December 31, 2010, respectively.
[9]	Consists of debt securities issued by Fannie Mae and Freddie Mac.

Investment Securities (Available For Sale Securities In A Gross Unrealized Loss Position) (Details) - USD ($)
$ in Millions

Sep. 30, 2011

Dec. 31, 2010

Schedule of Available-for-sale Securities [Line Items]

$ 6,897

$ 8,327

1,600

2,135

8,497

10,462

(43)

(144)

(134)

(137)

Schedule of Available-for-sale Securities [Line Items]

(177)

(281)

Agency RMBS [Member]

^[1]

4,519

6,571

^[1]

385

456

^[1]

4,904

7,027

^[1]

(23)

(141)

^[1]

(2)

Schedule of Available-for-sale Securities [Line Items]

^[1]

(25)

(143)

Non-Agency RMBS [Member]

156

1,067

1,566

1,223

1,611

(7)

(127)

Residential Mortgage-Backed Securities Total [Member]

(134)

(127)

Schedule of Available-for-sale Securities [Line Items]

4,675

6,616

1,452

2,022

6,127

8,638

(30)

(141)

(129)

Commercial Mortgage-Backed Securities Agency [Member]

(159)

(270)

Schedule of Available-for-sale Securities [Line Items]

^[1]

^[1]

^[1]

^[1]

^[1]

Commercial Mortgage-Backed Securities Non-Agency [Member]

^[1]

Schedule of Available-for-sale Securities [Line Items]

292

292

(3)

Commercial Mortgage-Backed Securities Total [Member]

(3)

Schedule of Available-for-sale Securities [Line Items]

342

342

(3)

(3)

Schedule of Available-for-sale Securities [Line Items]

1,794

1,411

1,880

1,444

(9)

(2)

(3)

(2)

(12)

(4)

Schedule of Available-for-sale Securities [Line Items]

300

148

380

(1)

(2)

(6)

$ (3)

$ (7)

[1]	Consists of mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae.

Investment Securities (Scheduled Contractual Maturities Of Investment Securities) (Details) - USD ($)
$ in Millions

Sep. 30, 2011

Dec. 31, 2010

Due in 1 year or less, Amortized Cost

$ 2,651

Due after 1 year through 5 years, Amortized Cost

6,856

Due after 5 years through 10 years, Amortized Cost

1,613

Due after 10 years, Amortized Cost

^[1]

26,681

Total, Amortized Cost

37,801

Due in 1 year or less, Fair Value

2,661

Due after 1 year through 5 years, Fair Value

6,909

Due after 5 years through ten years, Fair value

1,646

Due after 10 years, fair value

^[1]

27,184

Total, Fair Value

$ 38,400

$ 41,537

[1]	Investments with no stated maturities, which consist of equity securities, are included with contractual maturities due after 10 years.

Investment Securities (Expected Maturities And Weighted Average Yields Of Investment Securities By Major Security Type) (Details) - USD ($)
$ in Millions

Sep. 30, 2011

Dec. 31, 2010

Schedule of Available-for-sale Securities [Line Items]

Total securities available for sale, Due in 1 Year or Less Amount

$ 4,237

Total securities available for sale, Due > 1 Year through 5 Years Amount

31,494

Total securities available for sale, Due > 5 Years through 10 Years Amount

2,425

Total securities available for sale, Due > 10 Years Amount

244

Agency debt obligations, fair values of debt securities

$ 38,400

$ 41,537

Total securities available for sale, Due in 1 Year or Less Average Yield

^[1]

2.95%

Total securities available for sale, Due > 1 Year through 5 Years Average Yield

^[1]

3.78%

Total securities available for sale, Due > 5 Years through 10 Years Average Yield

^[1]

3.94%

Total securities available for sale, Due > 10 Years Average Yield

^[1]

1.70%

Total securities available for sale, Total Average Yield

^[1]

3.69%

Amortized cost of securities available-for-sale, Due in 1 Year or Less Amount

$ 4,217

Amortized cost of securities available-for-sale, Due > 1 Year through 5 Years Amount

30,985

Amortized cost of securities available-for-sale, Due > 5 Years through 10 Years

2,407

Amortized cost of securities available-for-sale, Due > 10 Years Amount

192

Total amortized cost

37,801

U.S. Treasury Debt Obligations [Member]

Schedule of Available-for-sale Securities [Line Items]

Total securities available for sale, Due in 1 Year or Less Amount

Total securities available for sale, Due > 1 Year through 5 Years Amount

125

Total securities available for sale, Due > 5 Years through 10 Years Amount

Total securities available for sale, Due > 10 Years Amount

Agency debt obligations, fair values of debt securities

$ 125

386

Total securities available for sale, Due in 1 Year or Less Average Yield

^[1]

0.00%

Total securities available for sale, Due > 1 Year through 5 Years Average Yield

^[1]

4.27%

Total securities available for sale, Due > 5 Years through 10 Years Average Yield

^[1]

0.00%

Total securities available for sale, Due > 10 Years Average Yield

^[1]

0.00%

Total securities available for sale, Total Average Yield

^[1]

4.27%

Agency RMBS [Member]

Schedule of Available-for-sale Securities [Line Items]

Total securities available for sale, Due in 1 Year or Less Amount

^[2]

$ 956

Total securities available for sale, Due > 1 Year through 5 Years Amount

^[2]

23,368

Total securities available for sale, Due > 5 Years through 10 Years Amount

^[2]

1,423

Total securities available for sale, Due > 10 Years Amount

^[2]

Agency debt obligations, fair values of debt securities

^[3]

$ 25,747

^[2]

28,504

Total securities available for sale, Due in 1 Year or Less Average Yield

^[1],[2]

4.96%

Total securities available for sale, Due > 1 Year through 5 Years Average Yield

^[1],[2]

4.21%

Total securities available for sale, Due > 5 Years through 10 Years Average Yield

^[1],[2]

4.23%

Total securities available for sale, Due > 10 Years Average Yield

^[1],[2]

0.00%

Total securities available for sale, Total Average Yield

^[1],[2]

4.24%

Non-Agency RMBS [Member]

Schedule of Available-for-sale Securities [Line Items]

Total securities available for sale, Due in 1 Year or Less Amount

$ 187

Total securities available for sale, Due > 1 Year through 5 Years Amount

1,056

Total securities available for sale, Due > 5 Years through 10 Years Amount

Total securities available for sale, Due > 10 Years Amount

Agency debt obligations, fair values of debt securities

$ 1,273

1,700

Total securities available for sale, Due in 1 Year or Less Average Yield

^[1]

5.07%

Total securities available for sale, Due > 1 Year through 5 Years Average Yield

^[1]

5.83%

Total securities available for sale, Due > 5 Years through 10 Years Average Yield

^[1]

5.70%

Total securities available for sale, Due > 10 Years Average Yield

^[1]

6.58%

Total securities available for sale, Total Average Yield

^[1]

5.72%

Residential Mortgage-Backed Securities Total [Member]

Schedule of Available-for-sale Securities [Line Items]

Total securities available for sale, Due in 1 Year or Less Amount

$ 1,143

Total securities available for sale, Due > 1 Year through 5 Years Amount

24,424

Total securities available for sale, Due > 5 Years through 10 Years Amount

1,449

Total securities available for sale, Due > 10 Years Amount

Agency debt obligations, fair values of debt securities

$ 27,020

30,204

Total securities available for sale, Due in 1 Year or Less Average Yield

^[1]

4.98%

Total securities available for sale, Due > 1 Year through 5 Years Average Yield

^[1]

4.29%

Total securities available for sale, Due > 5 Years through 10 Years Average Yield

^[1]

4.26%

Total securities available for sale, Due > 10 Years Average Yield

^[1]

6.58%

Total securities available for sale, Total Average Yield

^[1]

4.32%

Commercial Mortgage-Backed Securities Agency [Member]

Schedule of Available-for-sale Securities [Line Items]

Total securities available for sale, Due in 1 Year or Less Amount

^[2]

$ 0

Total securities available for sale, Due > 1 Year through 5 Years Amount

^[2]

197

Total securities available for sale, Due > 5 Years through 10 Years Amount

^[2]

157

Total securities available for sale, Due > 10 Years Amount

^[2]

Agency debt obligations, fair values of debt securities

^[3]

$ 429

^[2]

Total securities available for sale, Due in 1 Year or Less Average Yield

^[1],[2]

0.00%

Total securities available for sale, Due > 1 Year through 5 Years Average Yield

^[1],[2]

2.63%

Total securities available for sale, Due > 5 Years through 10 Years Average Yield

^[1],[2]

3.13%

Total securities available for sale, Due > 10 Years Average Yield

^[1],[2]

2.25%

Total securities available for sale, Total Average Yield

^[1],[2]

2.74%

Commercial Mortgage-Backed Securities Non-Agency [Member]

Schedule of Available-for-sale Securities [Line Items]

Total securities available for sale, Due in 1 Year or Less Amount

$ 0

Total securities available for sale, Due > 1 Year through 5 Years Amount

134

Total securities available for sale, Due > 5 Years through 10 Years Amount

264

Total securities available for sale, Due > 10 Years Amount

Agency debt obligations, fair values of debt securities

$ 398

Total securities available for sale, Due in 1 Year or Less Average Yield

^[1]

0.00%

Total securities available for sale, Due > 1 Year through 5 Years Average Yield

^[1]

3.19%

Total securities available for sale, Due > 5 Years through 10 Years Average Yield

^[1]

3.90%

Total securities available for sale, Due > 10 Years Average Yield

^[1]

0.00%

Total securities available for sale, Total Average Yield

^[1]

3.66%

Commercial Mortgage-Backed Securities Total [Member]

Schedule of Available-for-sale Securities [Line Items]

Total securities available for sale, Due in 1 Year or Less Amount

$ 0

Total securities available for sale, Due > 1 Year through 5 Years Amount

331

Total securities available for sale, Due > 5 Years through 10 Years Amount

421

Total securities available for sale, Due > 10 Years Amount

Agency debt obligations, fair values of debt securities

$ 827

Total securities available for sale, Due in 1 Year or Less Average Yield

^[1]

0.00%

Total securities available for sale, Due > 1 Year through 5 Years Average Yield

^[1]

2.87%

Total securities available for sale, Due > 5 Years through 10 Years Average Yield

^[1]

3.62%

Total securities available for sale, Due > 10 Years Average Yield

^[1]

2.25%

Total securities available for sale, Total Average Yield

^[1]

3.19%

Schedule of Available-for-sale Securities [Line Items]

Total securities available for sale, Due in 1 Year or Less Amount

$ 2,727

Total securities available for sale, Due > 1 Year through 5 Years Amount

6,454

Total securities available for sale, Due > 5 Years through 10 Years Amount

553

Total securities available for sale, Due > 10 Years Amount

Agency debt obligations, fair values of debt securities

^[4]

$ 9,734

9,966

Total securities available for sale, Due in 1 Year or Less Average Yield

^[1]

2.17%

Total securities available for sale, Due > 1 Year through 5 Years Average Yield

^[1]

1.92%

Total securities available for sale, Due > 5 Years through 10 Years Average Yield

^[1]

3.34%

Total securities available for sale, Due > 10 Years Average Yield

^[1]

0.00%

Total securities available for sale, Total Average Yield

^[1]

2.07%

Schedule of Available-for-sale Securities [Line Items]

Total securities available for sale, Due in 1 Year or Less Amount

^[5]

$ 301

Total securities available for sale, Due > 1 Year through 5 Years Amount

^[5]

Total securities available for sale, Due > 5 Years through 10 Years Amount

^[5]

Total securities available for sale, Due > 10 Years Amount

^[5]

165

Agency debt obligations, fair values of debt securities

^[6]

$ 519

^[5]

622

Total securities available for sale, Due in 1 Year or Less Average Yield

^[1],[5]

2.04%

Total securities available for sale, Due > 1 Year through 5 Years Average Yield

^[1],[5]

4.02%

Total securities available for sale, Due > 5 Years through 10 Years Average Yield

^[1],[5]

4.86%

Total securities available for sale, Due > 10 Years Average Yield

^[1],[5]

1.16%

Total securities available for sale, Total Average Yield

^[1],[5]

2.06%

U.S. Agency Debt Obligations [Member]

Schedule of Available-for-sale Securities [Line Items]

Total securities available for sale, Due in 1 Year or Less Amount

^[7]

$ 66

Total securities available for sale, Due > 1 Year through 5 Years Amount

^[7]

109

Total securities available for sale, Due > 5 Years through 10 Years Amount

^[7]

Total securities available for sale, Due > 10 Years Amount

^[7]

Agency debt obligations, fair values of debt securities

^[8]

$ 175

^[7]

$ 314

Total securities available for sale, Due in 1 Year or Less Average Yield

^[1],[7]

4.40%

Total securities available for sale, Due > 1 Year through 5 Years Average Yield

^[1],[7]

4.59%

Total securities available for sale, Due > 5 Years through 10 Years Average Yield

^[1],[7]

0.00%

Total securities available for sale, Due > 10 Years Average Yield

^[1],[7]

0.00%

Total securities available for sale, Total Average Yield

^[1],[7]

4.52%

[1]	Yields are calculated based on the amortized cost of the securities.
[2]	Consists of mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae.
[3]	Consists of mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae, which had amortized cost of $12.9 billion, $8.4 billion and $4.3 billion, respectively, and fair value of $13.2 billion, $8.6 billion and $4.4 billion, respectively, as of September 30, 2011. The book value of Fannie Mae, Freddie Mac and Ginnie Mae investments exceeded 10% of our stockholders' equity as of September 30, 2011.
[4]	Consists of securities collateralized by credit card loans, auto dealer and floor plan inventory loans and leases, student loans, auto loans, equipment loans and other. The distribution among these asset types was approximately 73% credit card loans, 11% auto dealer floor plan inventory loans and leases, 7% auto loans, 5% student loans, 2% equipment loans, and 2% of other loans as of September 30, 2011. In comparison, the distribution was approximately 78% credit card loans, 6% auto dealer floor plan inventory loans and leases, 7% auto loans, 7% student loans, 3% equipment loans and less than 1% of home equity lines of credit as of December 31, 2010. Approximately 89% of the securities in our asset-backed security portfolio were rated AAA or its equivalent as of September 30, 2011, compared with 90% as of December 31, 2010.
[5]	Yields of tax-exempt securities are calculated on a fully taxable-equivalent (FTE) basis.
[6]	Consists of municipal securities and equity investments related primarily to CRA activities.
[7]	Consists of debt securities issued by Fannie Mae and Freddie Mac.
[8]	Consists of debt securities issued by Fannie Mae and Freddie Mac, which had amortized cost of $165 million and $200 million as of September 30, 2011 and December 31, 2010, respectively, and fair value of $174 million and $213 million as of September 30, 2011 and December 31, 2010, respectively.

Investment Securities (Other-Than-Temporary Impairment Losses On Debt Securities Recognized In Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Investment Securities [Abstract]
Total OTTI losses	$ 33	$ 39	$ 83	$ 116
Less: Non-credit component of OTTI losses recorded in OCI	(27)	(34)	(68)	(54)
Net OTTI losses recognized in earnings	$ 6	$ 5	$ 15	$ 62

Investment Securities (Credit Losses Related To Debt Securities Recognized In Earnings) (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2011

Sep. 30, 2010

Mar. 31, 2010

Sep. 30, 2011

Sep. 30, 2010

Beginning balance of credit losses

$ 56

$ 41

$ 32

$ 49

$ 32

Additions for the credit component of OTTI on debt securities for which OTTI losses were not previously recognized

^[1]

Additions for the credit component of OTTI on debt securities for which OTTI losses were previously recognized

^[2]

(1)

(3)

(12)

Ending balance of credit losses

OTTI recorded on held to maturity negative amortization bonds

$ 4

Other-than-temporary-impairment losses on securities in which no portion of OTTI losses remained in AOCI

$ 0

$ 36

[1]	Includes $4 million of OTTI losses recognized in earnings in the first quarter of 2010 on negative amortization bonds classified as held to maturity.
[2]	For the three and nine months ended September 30, 2011, there were no OTTI losses recognized in earnings on securities for which no portion of the OTTI losses remained in AOCI. For the nine months ended September 30, 2010, we recognized $36 million, on securities for which no portion of the OTTI losses remained in AOCI.

Investment Securities (Changes In AOCI, Net Of Taxes, Related To Available-For-Sale Securities) (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2011

Sep. 30, 2010

Sep. 30, 2011

Sep. 30, 2010

Beginning balance AOCI related to securities available for sale, net of tax

^[1]

$ 478

$ 674

$ 369

$ 186

Net unrealized gains (losses), net of tax

^[2]

(77)

150

437

Net realized losses (gains) reclassified from AOCI into earnings, net of tax

^[3]

(121)

(11)

(121)

(37)

Ending balance AOCI related to securities available for sale, net of tax

398

586

398

586

Net of tax benefit (expense) from AOCI related to securities available for sale

(263)

(371)

(203)

(102)

Net of tax benefit (expense) related to net unrealized holding gains (losses)

(23)

(83)

(241)

Net of tax benefit (expense) related to net realized losses (gains) reclassified from AOCI into earnings

$ 67

$ 6

$ 67

$ 20

[1]	Net of tax benefit (expense) of $(263) million and $(371) million for the three months ended September 30, 2011 and 2010, respectively, and $(203) million and $(102) million for the nine months ended September 30, 2011 and 2010, respectively.
[2]	Net of tax benefit (expense) of $(23) million and $42 million for the three months ended September 30, 2011 and 2010, respectively, and $(83) million and $(241) million for the nine months ended September 30, 2011 and 2010, respectively.
[3]	Net of tax (benefit) expense of $67 million and $6 million for the three months ended September 30, 2011 and 2010, respectively, and $67 million and $20 million for the nine months ended September 30, 2011 and 2010, respectively.

This item represents the tax effects occurring during the period which are related to the net unrealized gain (loss) resulting from changes in the fair [carrying] value during the period of available-for-sale securities. Such tax affects would have been charged or credited directly to other comprehensive income or to related components of shareholders' equity.

Reclassification adjustment for unrealized gains or losses realized upon the sale of securities, after tax.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 24
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 18, 19
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e637-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e689-108580

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Appreciation or loss in value (before reclassification adjustment) of the total of unsold securities during the period being reported on, net of tax. Reclassification adjustments include: (1) the unrealized holding gain (loss), net of tax, at the date of the transfer for a debt security from the held-to-maturity category transferred into the available-for-sale category. Also includes the unrealized gain (loss) at the date of transfer for a debt security from the available-for-sale category transferred into the held-to-maturity category; (2) the unrealized gains (losses) realized upon the sale of securities, after tax; and (3) the unrealized gains (losses) realized upon the write-down of securities, after tax.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 13
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 24
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 17, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e637-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e653-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 55
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=6920433&loc=d3e998-108581

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Investment Securities (Gross Realized Gains And Losses On The Sale And Redemption Of Available-For-Sale Securities Recognized In Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Investment Securities [Abstract]
Gross realized investment gains	$ 239	$ 27	$ 253	$ 135
Gross realized investment losses	0	(1)	(3)	(1)
Net realized gains	239	26	250	134
Total proceeds from sales	$ 6,409	$ 2,417	$ 8,979	$ 11,478

Loans (Narrative) (Details) - USD ($)
$ in Millions

6 Months Ended

9 Months Ended

Sep. 30, 2011

Sep. 30, 2010

Dec. 31, 2010

Feb. 27, 2009

Number of days account is past due when loans are reported delinquent (in days)

Number of days account is past due when credit card loans are charged-off (in days)

180

Number of days account is past due when non-credit card consumer loans are classified as nonperforming (in days)

120

Number of days account is past due when commercial loans are classified as nonperforming (in days)

Number of months of consecutive payments under modified loans for accounts to be reclassified from nonperforming (in months)

six

Maximum number of days from notification that account is in bankruptcy when credit card loans are charged-off (in days)

Maximum number of days from notification that account is in bankruptcy when U.K. credit card loans are charged-off (in days)

Maximum number of days from notification that account holders are deceased when credit card loans are charged-off (in days)

Number of days account is past due when mortgage and unsecured small business lines of credit consumer loans are charged-off (in days)

180

Number of days account is past due when auto and other non-credit card consumer loans are charged-off (in days)

120

Maximum number of days from notification that account is in bankruptcy, except auto and other non-credit card loans, when consumer loans are charged-off (in days)

Number of days account is past due and given 60 days of notification from bankruptcy court, when auto and other non-credit card consumer loans are charged-off (in days)

Maximum number of days from notification that account is in bankruptcy when auto and other non-credit card consumer loans, that are 60 days past due, are charged-off (in days)

Maximum number of days when auto consumer loans are charged-off (in days)

120

Maximum number of days when mortgage consumer loans are charged-off (in days)

180

Maximum number of days from notification that account holders are deceased when consumer loans are charged-off (in days)

Unused credit card lines available to our customers

$ 129,952

$ 125,947

206,300

161,500

Outstanding unfunded commitments to extend credit other than credit card lines

14,900

13,200

Reserve for unfunded loan commitments and letters of credit

107

Impairment charge related to acquired loans

$ 4

Cumulative impairment recognized on PCI loans

$ 22

$ 33

Percentage, 30+ day delinquencies

^[1],[2]

3.87%

4.29%

Troubled debt restructurings included in impaired loans

$ 1,500

$ 1,100

Minimum loan amount requiring annual review

Contractually outstanding principal and interest at acquisition

^[3]

$ 9,000

15,387

Chevy Chase Bank [Member]

Contractually outstanding principal and interest at acquisition

6,300

$ 12,000

Consumer Loan [Member]

TDRs classified as performing loans

1,100

983

Commercial Loan [Member]

TDRs classified as performing loans

379

162

> 90 Days [Member]

Nonperforming Loans [Member]

1,987

2,220

^[4]

$ 1,172

$ 1,225

Number of days account is past due when non-credit card consumer loans are classified as nonperforming (in days)

120

[1]	Delinquency rates calculated by dividing delinquent credit card and installment loans by the total balance of credit card and installment loans held for investment as of the end of the reported period. The balance of credit card loans includes accrued finance charges and fees, net of the estimated uncollectible finance charge and fee reserve.
[2]	Percentages by geographic region within the domestic and international credit card portfolios are calculated based on the total held for investment credit card and installment loans as of the end of the reported period.
[3]	A portion of the loans acquired in connection with the Chevy Chase Bank acquisition was classified as held for sale. These loans, which had an estimated fair value at acquisition of $235 million, are not included in the above tables.
[4]	Purchased credit-impaired loans are excluded from loans reported as 90 days or more past due and still accruing interest and nonperforming loans.

Loans (Composition Of Loans Held For Investment Portfolio) (Details) - USD ($)
$ in Millions

Sep. 30, 2011

Dec. 31, 2010

Loans [Abstract]

Domestic credit card loans

$ 51,510

$ 49,979

International credit card loans

8,210

7,513

Total credit card loans

59,720

57,492

Domestic installment loans

2,310

3,870

International installment loans

Total installment loans

2,310

3,879

62,030

61,371

Automobile

20,422

17,867

^[1]

10,916

12,103

Other retail

4,014

4,413

35,352

34,383

^[2],[3],[4]

14,389

13,396

^[2],[4]

11,924

10,484

^[2],[4]

4,221

4,020

30,534

27,900

^[2],[4]

1,571

1,842

^[2],[4]

32,105

29,742

465

451

Construction loans and land development loans

129,952

125,947

$ 2,200

$ 2,400

[1]	Represents the top ten states in which we have the highest concentration of home loans.
[2]	Amounts based on total loans as of September 30, 2011 and December 31, 2010.
[3]	Includes construction loans and land development loans totaling $2.2 billion as of September 30, 2011 and $2.4 billion as of December 31, 2010.
[4]	Northeast consists of CT, ME, MA, NH, NJ, NY, PA and VT. Mid-Atlantic consists of DE, DC, MD, VA and WV. South consists of AL, AR, FL, GA, KY, LA, MS, MO, NC, SC, TN and TX.

Loans (Aging Of Held For Investment Loans By Portfolio Segment And Class) (Details) - USD ($)
$ in Millions

Sep. 30, 2011

Dec. 31, 2010

$ 53,820

$ 53,849

8,210

7,522

62,030

61,371

20,422

17,867

^[1]

10,916

12,103

4,014

4,413

35,352

34,383

^[2],[3],[4]

14,389

13,396

^[2],[4]

11,924

10,484

^[2],[4]

4,221

4,020

30,534

27,900

^[2],[4]

$ 1,571

$ 1,842

^[2],[4],[5]

100.00%

^[2],[4]

$ 32,105

$ 29,742

465

451

129,952

125,947

Current [Member]

51,858

51,649

7,771

7,090

59,629

58,739

18,979

16,414

6,137

6,707

3,884

4,218

29,000

27,339

13,895

12,816

11,518

10,113

4,180

3,962

29,593

26,891

$ 1,508

$ 1,711

92.40%

91.40%

$ 31,101

$ 28,602

402

382

120,132

115,062

30-59 Days [Member]

612

558

141

132

753

690

919

952

1,023

1,048

118

177

$ 39

$ 74

1.50%

1.60%

$ 110

$ 251

1,904

2,008

60-89 Days [Member]

435

466

104

539

563

376

402

430

468

$ 6

$ 24

0.80%

0.90%

$ 81

$ 67

1,055

1,103

> 90 Days [Member]

915

1,176

194

203

1,109

1,379

381

395

516

534

219

153

304

229

$ 18

$ 33

1.50%

1.70%

$ 322

$ 262

Total Delinquent Loans [Member]

1,987

2,220

1,962

2,200

439

432

2,401

2,632

1,387

1,453

497

504

1,969

2,050

333

302

450

449

$ 63

$ 131

3.80%

4.20%

$ 513

$ 580

4,946

5,331

PCI Loans [Member]

4,282

4,892

102

4,383

4,994

161

278

330

282

491

560

$ 0

3.80%

4.40%

$ 491

$ 560

> 90 Days And Accruing [Member]

4,874

5,554

^[6]

915

1,176

^[6]

194

203

^[6]

1,109

1,379

^[6]

^[6]

^[6]

^[6]

^[6]

^[6]

^[6]

^[6]

^[6]

$ 0

^[6]

0.90%

1.10%

^[6]

$ 40

$ 14

^[6]

Nonperforming Loans [Member]

^[6]

1,151

1,398

^[6]

^[6]

^[6]

^[6]

^[6]

495

486

^[6]

^[6]

666

676

^[6]

287

276

^[6]

116

133

^[6]

^[6]

438

457

^[6]

$ 21

$ 38

^[6]

0.90%

1.00%

^[6]

$ 459

$ 495

^[6]

Credit Card Risk Profile By Geographic Region And Delinquency Status [Line Items]

^[6]

$ 1,172

$ 1,225

[1]	Represents the top ten states in which we have the highest concentration of home loans.
[2]	Amounts based on total loans as of September 30, 2011 and December 31, 2010.
[3]	Includes construction loans and land development loans totaling $2.2 billion as of September 30, 2011 and $2.4 billion as of December 31, 2010.
[4]	Northeast consists of CT, ME, MA, NH, NJ, NY, PA and VT. Mid-Atlantic consists of DE, DC, MD, VA and WV. South consists of AL, AR, FL, GA, KY, LA, MS, MO, NC, SC, TN and TX.
[5]	Percentages calculated based on total held for investment commercial loans in each respective loan category as of the end of the reported period.
[6]	Purchased credit-impaired loans are excluded from loans reported as 90 days or more past due and still accruing interest and nonperforming loans.

Loans (Credit Card: Risk Profile By Geographic Region And Delinquency Status) (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2011

Sep. 30, 2010

Sep. 30, 2011

Sep. 30, 2010

Dec. 31, 2010

$ 62,030

$ 61,371

Amount, 30+ day delinquencies

^[1]

100.00%

^[2]

$ 2,401

$ 2,632

Amount, 90+ day delinquencies

^[2]

$ 1,109

$ 1,379

Percentage, 30+ day delinquencies

^[1],[2]

3.87%

4.29%

Percentage, 90+ day delinquencies

^[1],[2]

1.79%

2.25%

Amount of Net charge-offs, Domestic card

$ 527

$ 1,112

$ 1,969

$ 3,940

Amount of Net charge-offs, International card

134

139

414

468

Amount of Net charge-offs

^[3]

$ 661

$ 1,251

$ 2,383

$ 4,408

Rate of Net charge-offs, Domestic card

3.92%

8.23%

4.94%

9.43%

Rate of Net charge-offs, International card

6.15%

7.60%

6.31%

8.28%

Rate of Net charge-offs

^[3]

4.23%

8.16%

5.13%

9.30%

California [Member]

Credit Card Risk Profile By Geographic Region And Delinquency Status [Line Items]

$ 6,128

$ 6,242

Credit Card Risk Profile By Geographic Region And Delinquency Status [Line Items]

^[1]

9.90%

10.20%

Texas [Member]

$ 3,572

$ 3,633

Credit Card Risk Profile By Geographic Region And Delinquency Status [Line Items]

^[1]

5.70%

5.90%

New York [Member]

$ 3,658

$ 3,599

Credit Card Risk Profile By Geographic Region And Delinquency Status [Line Items]

^[1]

5.90%

5.80%

Florida [Member]

$ 3,201

$ 3,298

Credit Card Risk Profile By Geographic Region And Delinquency Status [Line Items]

^[1]

5.20%

5.40%

Illinois [Member]

$ 2,524

$ 2,403

Credit Card Risk Profile By Geographic Region And Delinquency Status [Line Items]

^[1]

4.10%

3.90%

Pennsylvania [Member]

$ 2,422

$ 2,389

Credit Card Risk Profile By Geographic Region And Delinquency Status [Line Items]

^[1]

3.90%

Ohio [Member]

$ 2,168

$ 2,109

Credit Card Risk Profile By Geographic Region And Delinquency Status [Line Items]

^[1]

3.50%

3.40%

New Jersey [Member]

$ 2,045

$ 1,971

Credit Card Risk Profile By Geographic Region And Delinquency Status [Line Items]

^[1]

3.30%

3.20%

Michigan [Member]

$ 1,754

$ 1,716

Credit Card Risk Profile By Geographic Region And Delinquency Status [Line Items]

^[1]

2.80%

Other States [Member]

$ 26,348

$ 26,489

Total Domestic Card And Installment Loans [Member]

^[1]

42.50%

43.20%

Credit Card Risk Profile By Geographic Region And Delinquency Status [Line Items]

$ 53,820

$ 53,849

Credit Card Risk Profile By Geographic Region And Delinquency Status [Line Items]

^[1]

86.80%

87.70%

United Kingdom [Member]

$ 3,879

$ 4,102

Credit Card Risk Profile By Geographic Region And Delinquency Status [Line Items]

^[1]

6.20%

6.70%

Canada [Member]

$ 4,331

$ 3,420

Total International Card And Installment Loans [Member]

^[1]

7.00%

5.60%

Credit Card Risk Profile By Geographic Region And Delinquency Status [Line Items]

$ 8,210

$ 7,522

^[1]

13.20%

12.30%

[1]	Percentages by geographic region within the domestic and international credit card portfolios are calculated based on the total held for investment credit card and installment loans as of the end of the reported period.
[2]	Delinquency rates calculated by dividing delinquent credit card and installment loans by the total balance of credit card and installment loans held for investment as of the end of the reported period. The balance of credit card loans includes accrued finance charges and fees, net of the estimated uncollectible finance charge and fee reserve.
[3]	Calculated by dividing annualized net charge-offs by average credit card loans held for investment during the three and nine months ended September 30, 2011 and 2010.

Loans (Commercial: Risk Profile By Geographic Region And Internal Risk Rating) (Details) - USD ($)
$ in Millions

Sep. 30, 2011

Dec. 31, 2010

Percent of Total Commercial and Multifamily Real Estate (in hundredths)

^[1],[2],[3]

$ 14,389

$ 13,396

^[1],[3],[4]

100.00%

^[1],[3]

$ 11,924

$ 10,484

^[1],[3],[4]

100.00%

^[1],[3]

$ 4,221

$ 4,020

^[1],[3],[4]

100.00%

Percent of Total Small-ticket Commercial Real Estate (in hundredths)

^[1],[3]

$ 1,571

$ 1,842

^[1],[3],[4]

100.00%

^[1],[3]

$ 32,105

$ 29,742

^[1],[3],[4]

100.00%

Non-PCI Loans [Member]

Percent of Total Commercial and Multifamily Real Estate (in hundredths)

^[1],[3],[5]

$ 14,228

$ 13,118

^{[1],[3],[4],[5]}

98.90%

98.00%

^[1],[3],[5]

$ 11,594

$ 10,202

^{[1],[3],[4],[5]}

97.20%

97.30%

^[1],[3],[5]

$ 4,221

$ 4,020

^{[1],[3],[4],[5]}

100.00%

Percent of Total Small-ticket Commercial Real Estate (in hundredths)

^[1],[3],[5]

$ 1,571

$ 1,842

^{[1],[3],[4],[5]}

100.00%

^[1],[3],[5]

$ 31,614

$ 29,182

Non-PCI Loans [Member] | Noncriticized [Member]

^{[1],[3],[4],[5]}

98.50%

98.10%

Percent of Total Commercial and Multifamily Real Estate (in hundredths)

^[1],[5]

$ 12,842

$ 11,611

^[1],[4],[5]

89.30%

86.70%

^[1],[5]

$ 10,893

$ 9,445

^[1],[4],[5]

91.30%

90.10%

^[1],[5]

$ 4,132

$ 3,897

^[1],[4],[5]

97.90%

96.90%

Percent of Total Small-ticket Commercial Real Estate (in hundredths)

^[1],[5]

$ 1,507

$ 1,710

^[1],[4],[5]

96.00%

92.80%

^[1],[5]

$ 29,374

$ 26,663

Non-PCI Loans [Member] | Criticized Performing [Member]

^[1],[4],[5]

91.60%

89.60%

Percent of Total Commercial and Multifamily Real Estate (in hundredths)

^[1],[5]

$ 1,100

$ 1,231

^[1],[4],[5]

7.60%

9.20%

^[1],[5]

$ 584

$ 624

^[1],[4],[5]

4.90%

6.00%

^[1],[5]

$ 54

$ 75

^[1],[4],[5]

1.30%

1.90%

Percent of Total Small-ticket Commercial Real Estate (in hundredths)

^[1],[5]

$ 43

$ 95

^[1],[4],[5]

2.70%

5.20%

^[1],[5]

$ 1,781

$ 2,025

Non-PCI Loans [Member] | Criticized Nonperforming [Member]

^[1],[4],[5]

5.50%

6.80%

Percent of Total Commercial and Multifamily Real Estate (in hundredths)

^[1],[5]

$ 286

$ 276

^[1],[4],[5]

2.00%

2.10%

^[1],[5]

$ 117

$ 133

^[1],[4],[5]

1.00%

1.20%

^[1],[5]

$ 35

$ 48

^[1],[4],[5]

0.80%

1.20%

Percent of Total Small-ticket Commercial Real Estate (in hundredths)

^[1],[5]

$ 21

$ 37

^[1],[4],[5]

1.30%

2.00%

^[1],[5]

$ 459

$ 494

Non-PCI Loans [Member] | Northeast [Member]

^[1],[4],[5]

1.40%

1.70%

Percent of Total Commercial and Multifamily Real Estate (in hundredths)

^[1],[3]

$ 11,450

$ 10,849

^[1],[3],[4]

79.60%

81.00%

^[1],[3]

$ 3,565

$ 3,240

^[1],[3],[4]

29.90%

30.90%

^[1],[3]

$ 1,590

$ 1,548

^[1],[3],[4]

37.70%

38.50%

Percent of Total Small-ticket Commercial Real Estate (in hundredths)

^[1],[3]

$ 974

$ 1,137

^[1],[3],[4]

62.00%

61.70%

^[1],[3]

$ 17,579

$ 16,774

Non-PCI Loans [Member] | Mid Atlantic [Member]

^[1],[3],[4]

54.80%

56.40%

Percent of Total Commercial and Multifamily Real Estate (in hundredths)

^[1],[3]

$ 913

$ 720

^[1],[3],[4]

6.40%

5.40%

^[1],[3]

$ 544

$ 960

^[1],[3],[4]

4.50%

9.20%

^[1],[3]

$ 191

$ 185

^[1],[3],[4]

4.50%

4.60%

Percent of Total Small-ticket Commercial Real Estate (in hundredths)

^[1],[3]

$ 62

$ 71

^[1],[3],[4]

3.90%

^[1],[3]

$ 1,710

$ 1,936

Non-PCI Loans [Member] | South [Member]

^[1],[3],[4]

5.30%

6.50%

Percent of Total Commercial and Multifamily Real Estate (in hundredths)

^[1],[3]

$ 1,531

$ 1,315

^[1],[3],[4]

10.60%

9.80%

^[1],[3]

$ 6,876

$ 5,191

^[1],[3],[4]

57.70%

49.50%

^[1],[3]

$ 756

$ 733

^[1],[3],[4]

17.90%

18.20%

Percent of Total Small-ticket Commercial Real Estate (in hundredths)

^[1],[3]

$ 95

$ 119

^[1],[3],[4]

6.10%

6.50%

^[1],[3]

$ 9,258

$ 7,358

Non-PCI Loans [Member] | Other States [Member]

^[1],[3],[4]

28.80%

24.70%

Percent of Total Commercial and Multifamily Real Estate (in hundredths)

^[1],[3]

$ 334

$ 234

^[1],[3],[4]

2.30%

1.80%

^[1],[3]

$ 609

$ 811

^[1],[3],[4]

5.10%

7.70%

^[1],[3]

$ 1,684

$ 1,554

^[1],[3],[4]

39.90%

38.70%

Percent of Total Small-ticket Commercial Real Estate (in hundredths)

^[1],[3]

$ 440

$ 515

^[1],[3],[4]

28.00%

27.90%

^[1],[3]

$ 3,067

$ 3,114

^[1],[3],[4]

9.60%

10.50%

PCI Loans [Member]

Percent of Total Commercial and Multifamily Real Estate (in hundredths)

^[1],[3]

$ 161

$ 278

^[1],[3],[4]

1.10%

2.00%

^[1],[3]

$ 330

$ 282

^[1],[3],[4]

2.80%

2.70%

^[1],[3]

$ 0

^[1],[3],[4]

0.00%

Percent of Total Small-ticket Commercial Real Estate (in hundredths)

^[1],[3]

$ 0

^[1],[3],[4]

0.00%

^[1],[3]

$ 491

$ 560

PCI Loans [Member] | Noncriticized [Member]

^[1],[3],[4]

1.50%

1.90%

Percent of Total Commercial and Multifamily Real Estate (in hundredths)

^[1]

$ 126

$ 186

^[1],[4]

0.90%

1.30%

^[1]

$ 317

$ 235

^[1],[4]

2.70%

2.30%

^[1]

$ 0

^[1],[4]

0.00%

Percent of Total Small-ticket Commercial Real Estate (in hundredths)

^[1]

$ 0

^[1],[4]

0.00%

^[1]

$ 443

$ 421

PCI Loans [Member] | Criticized Performing [Member]

^[1],[4]

1.40%

Percent of Total Commercial and Multifamily Real Estate (in hundredths)

^[1]

$ 35

$ 92

^[1],[4]

0.20%

0.70%

^[1]

$ 13

$ 47

^[1],[4]

0.10%

0.40%

^[1]

$ 0

^[1],[4]

0.00%

Percent of Total Small-ticket Commercial Real Estate (in hundredths)

^[1]

$ 0

^[1],[4]

0.00%

^[1]

$ 48

$ 139

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

^[1],[4]

0.10%

0.50%

[1]	Amounts based on total loans as of September 30, 2011 and December 31, 2010.
[2]	Includes construction loans and land development loans totaling $2.2 billion as of September 30, 2011 and $2.4 billion as of December 31, 2010.
[3]	Northeast consists of CT, ME, MA, NH, NJ, NY, PA and VT. Mid-Atlantic consists of DE, DC, MD, VA and WV. South consists of AL, AR, FL, GA, KY, LA, MS, MO, NC, SC, TN and TX.
[4]	Percentages calculated based on total held for investment commercial loans in each respective loan category as of the end of the reported period.
[5]	Criticized exposures correspond to the "Special Mention", "Substandard" and "Doubtful" asset categories defined by banking regulatory authorities.

Loans (TDR Disclosures In Progress Financial Impact Of The Modification) (Details)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2011

USD ($)

months

Sep. 30, 2011

USD ($)

months

^[1]

$ 300

$ 873

Reduced interest rate, Average rate reduction (bps)

^[3]

65.00%

^[2]

67.00%

^[4]

9.89%

9.95%

Term extension, Average term extension (months) | months

^[5]

43.00%

^[2]

43.00%

^[6]

^[7]

5.00%

^[2]

2.00%

Percentage of troubled borrowers

^[8]

$ 4

100.00%

Domestic Card And Installment Loans [Member]

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

^[1]

$ 79

$ 249

Reduced interest rate, Average rate reduction (bps)

^[3]

100.00%

^[2]

100.00%

^[4]

10.39%

10.51%

Term extension, Average term extension (months) | months

^[5]

0.00%

^[2]

0.00%

^[6]

^[7]

0.00%

^[2]

0.00%

International Card And Installment Loans [Member]

^[8]

$ 0

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

^[1]

$ 67

$ 194

Reduced interest rate, Average rate reduction (bps)

^[3]

100.00%

^[2]

100.00%

^[4]

22.01%

22.84%

Term extension, Average term extension (months) | months

^[5]

0.00%

^[2]

0.00%

^[6]

^[7]

0.00%

^[2]

0.00%

^[8]

$ 0

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

^[1]

$ 146

$ 443

Reduced interest rate, Average rate reduction (bps)

^[3]

100.00%

^[2]

100.00%

^[4]

15.72%

15.93%

Term extension, Average term extension (months) | months

^[5]

0.00%

^[2]

0.00%

^[6]

^[7]

0.00%

^[2]

0.00%

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

^[8]

$ 0

Consumer Loan [Member]

^[1]

$ 61

$ 160

Reduced interest rate, Average rate reduction (bps)

^[3]

39.00%

^[2]

38.00%

^[4]

1.63%

1.42%

Term extension, Average term extension (months) | months

^[5]

82.00%

^[2]

86.00%

^[6]

^[7]

4.00%

^[2]

2.00%

Consumer Loan [Member] | Auto [Member]

^[8]

$ 0

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

^[1]

$ 21

$ 53

Reduced interest rate, Average rate reduction (bps)

^[3]

66.00%

^[2]

61.00%

^[4]

1.39%

Term extension, Average term extension (months) | months

^[5]

100.00%

^[2]

100.00%

^[6]

^[7]

0.00%

^[2]

0.00%

Consumer Loan [Member] | Home Loans [Member]

^[8]

$ 0

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

^[1]

$ 19

$ 49

Reduced interest rate, Average rate reduction (bps)

^[3]

45.00%

^[2]

48.00%

^[4]

2.01%

2.10%

Term extension, Average term extension (months) | months

^[5]

63.00%

^[2]

76.00%

^[6]

115

^[7]

13.00%

^[2]

8.00%

Consumer Loan [Member] | Retail Banking [Member]

^[8]

$ 0

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

^[1]

$ 21

$ 58

Reduced interest rate, Average rate reduction (bps)

^[3]

9.00%

^[2]

8.00%

^[4]

1.51%

0.83%

Term extension, Average term extension (months) | months

^[5]

80.00%

^[2]

81.00%

^[6]

^[7]

0.00%

^[2]

0.00%

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

^[8]

$ 0

Commercial Loan [Member]

^[1]

$ 93

$ 270

Reduced interest rate, Average rate reduction (bps)

^[3]

27.00%

^[2]

30.00%

^[4]

0.69%

2.01%

Term extension, Average term extension (months) | months

^[5]

84.00%

^[2]

87.00%

^[6]

^[7]

13.00%

^[2]

5.00%

Commercial Loan [Member] | Commercial And Multifamily Real Estate [Member]

^[8]

$ 4

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

^[1]

$ 37

$ 161

Reduced interest rate, Average rate reduction (bps)

^[3]

46.00%

^[2]

37.00%

^[4]

1.03%

2.79%

Term extension, Average term extension (months) | months

^[5]

100.00%

^[2]

96.00%

^[6]

^[7]

29.00%

^[2]

7.00%

Commercial Loan [Member] | Middle Market [Member]

^[8]

$ 3

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

^[1]

$ 54

$ 95

Reduced interest rate, Average rate reduction (bps)

^[3]

13.00%

^[2]

19.00%

^[4]

0.43%

0.83%

Term extension, Average term extension (months) | months

^[5]

72.00%

^[2]

72.00%

^[6]

^[7]

2.00%

^[2]

1.00%

Commercial Loan [Member] | Specialty Lending [Member]

^[8]

$ 0

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

^[1]

$ 2

$ 10

Reduced interest rate, Average rate reduction (bps)

^[3]

48.00%

^[2]

29.00%

^[4]

1.19%

0.60%

Term extension, Average term extension (months) | months

^[5]

98.00%

^[2]

83.00%

^[6]

^[7]

38.00%

^[2]

8.00%

Commercial Loan [Member] | Total Commercial Lending [Member]

^[8]

$ 1

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

^[1]

$ 93

$ 266

Reduced interest rate, Average rate reduction (bps)

^[3]

27.00%

^[2]

31.00%

^[4]

0.69%

2.01%

Term extension, Average term extension (months) | months

^[5]

83.00%

^[2]

87.00%

^[6]

^[7]

14.00%

^[2]

5.00%

Commercial Loan [Member] | Small-Ticket Commercial Real Estate [Member]

^[8]

$ 4

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

^[1]

$ 0

$ 4

Reduced interest rate, Average rate reduction (bps)

^[3]

0.00%

^[2]

0.00%

^[4]

0.00%

Term extension, Average term extension (months) | months

^[5]

100.00%

^[2]

100.00%

^[6]

^[7]

0.00%

^[2]

0.00%

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

^[8]

$ 0

[1]	Represents total loans modified and accounted for as a TDR during the period. Paydowns, charge-offs and any other changes in the loan carrying value subsequent to the loan entering TDR status are not reflected.
[2]	Due to multiple concessions granted to some troubled borrowers, percentages may total more than 100% for certain loan types.
[3]	Percentage of loans modified and accounted for as a TDR during the period that were granted a reduced interest rate.
[4]	Weighted average interest rate reduction for those loans that received an interest rate concession.
[5]	Percentage of loans modified and accounted for as a TDR during the period that were granted a maturity date extension.
[6]	Weighted average change in maturity date for those loans that received a maturity date extension.
[7]	Percentage of loans modified and accounted for as a TDR during the period that were granted forgiveness or forbearance of a portion of their balance.
[8]	Total amount of forgiven or forborne balances.

Loans (Troubled Debt Restructurings Subsequent Default) (Details)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2011

USD ($)

Sep. 30, 2011

USD ($)

20,669

59,966

Domestic Card And Installment Loans [Member]

$ 86

$ 261

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

8,721

25,235

International Card And Installment Loans [Member]

$ 22

$ 71

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

^[1]

11,733

34,330

^[1]

$ 44

$ 137

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

20,454

59,565

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

$ 66

$ 208

Other Loans [Member]

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

$ 0

Consumer Loan [Member]

200

378

Consumer Loan [Member] | Auto [Member]

$ 5

$ 13

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

110

130

Consumer Loan [Member] | Home Loans [Member]

$ 1

$ 2

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

Consumer Loan [Member] | Retail Banking [Member]

$ 2

$ 7

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

188

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

$ 2

$ 4

Commercial Loan [Member]

Commercial Loan [Member] | Commercial And Multifamily Real Estate [Member]

$ 15

$ 40

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

Commercial Loan [Member] | Middle Market [Member]

$ 12

$ 35

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

Commercial Loan [Member] | Specialty Lending [Member]

$ 0

$ 3

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

Commercial Loan [Member] | Total Commercial Lending [Member]

$ 2

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

Commercial Loan [Member] | Small-Ticket Commercial Real Estate [Member]

$ 14

$ 40

Schedule Of Financing Receivable, Troubled Debt Restructurings [Line Items]

$ 1

$ 0

[1]

Loans (Nonaccretable Difference And Accretable Yield At Acquisition) (Details)
$ in Millions

Feb. 27, 2009

USD ($)

Contractually outstanding principal and interest at acquisition

$ 15,387

Less: Nonaccretable difference (expected principal losses of $2,207 and foregone interest of $1,820)

(4,027)

^[1]

Cash flows expected to be collected at acquisition

11,360

^[2]

Less: Accretable yield

(2,360)

Expected principal losses on impaired loans

9,000

^[3]

2,100

Foregone interest on impaired loans

1,800

Expected principal losses on non impaired loans

154

Foregone interest on non impaired loans

Held-for-sale loans from acquisition

235

Expected principal losses

2,207

Foregone interest

1,820

Purchased Credit- Impaired Loans [Member]

Contractually outstanding principal and interest at acquisition

12,039

Less: Nonaccretable difference (expected principal losses of $2,207 and foregone interest of $1,820)

(3,851)

^[1]

Cash flows expected to be collected at acquisition

8,188

^[2]

Less: Accretable yield

(1,861)

Non- Impaired Loans [Member]

6,327

^[3]

Contractually outstanding principal and interest at acquisition

3,348

Less: Nonaccretable difference (expected principal losses of $2,207 and foregone interest of $1,820)

(176)

^[1]

Cash flows expected to be collected at acquisition

3,172

^[2]

Less: Accretable yield

(499)

$ 2,673

^[3]

[1]	Expected principal losses and foregone interest on purchased credit-impaired loans at acquisition totaled $2.1 billion and $1.8 billion, respectively. Expected principal losses and foregone interest on non-impaired loans at acquisition totaled $154 million and $23 million, respectively.
[2]	Represents undiscounted expected principal and interest cash flows at acquisition.
[3]	A portion of the loans acquired in connection with the Chevy Chase Bank acquisition was classified as held for sale. These loans, which had an estimated fair value at acquisition of $235 million, are not included in the above tables.

Loans (Outstanding Balance And Carrying Value Of Acquired Loans) (Details) - USD ($)
$ in Millions

Sep. 30, 2011

Dec. 31, 2010

Cumulative impairment recognized

Contractual balance

$ 6,024

$ 7,054

Carrying value

^[1]

4,852

5,554

Purchased Credit- Impaired Loans [Member]

Non- Impaired Loans [Member]

Contractual balance

4,789

5,546

Carrying value

^[1]

3,733

4,165

Contractual balance

1,235

1,508

Carrying value

^[1]

$ 1,119

$ 1,389

[1]	Includes $22 million and $33 million of cumulative impairment recognized as of September 30, 2011 and December 31, 2010, respectively.

Loans (Changes In Accretable Yield Of Acquired Loans) (Details) - USD ($)
$ in Millions

9 Months Ended

12 Months Ended

Sep. 30, 2011

Dec. 31, 2010

Accretable yield beginning balance

$ 2,012

$ 2,067

Accretion recognized in earnings

(335)

(405)

Reclassifications from nonaccretable difference for loans with improvement in expected cash flows

233

^[1]

350

Reductions in accretable yield for non-credit related changes in expected cash flows

^[2]

(68)

Accretable yield ending balance

1,842

2,012

Purchased Credit- Impaired Loans [Member]

Accretable yield beginning balance

1,754

1,742

Accretion recognized in earnings

(285)

(299)

Reclassifications from nonaccretable difference for loans with improvement in expected cash flows

227

^[1]

311

Reductions in accretable yield for non-credit related changes in expected cash flows

^[2]

(57)

Accretable yield ending balance

1,639

1,754

Non- Impaired Loans [Member]

Accretable yield beginning balance

258

325

Accretion recognized in earnings

(50)

(106)

Reclassifications from nonaccretable difference for loans with improvement in expected cash flows

^[1]

Reductions in accretable yield for non-credit related changes in expected cash flows

^[2]

(11)

Accretable yield ending balance

$ 203

$ 258

[1]	Represents increases in accretable yields for those pools with increases primarily the result of improved credit performance.
[2]	Represents changes in accretable yields for those pools with reductions driven primarily by changes in prepayment levels.

Allowance For Loan And Lease Losses (Summary Of Changes In The Allowance For Loan And Lease Losses) (Details)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2011

USD ($)

Sep. 30, 2011

USD ($)

Financing Receivable, Allowance for Credit Losses [Line Items]

$ 5,628

Reduction in provision for loan losses

$ 4,280

4,280

236

Reduction in charge-offs due to loss sharing

Expected reimbursement netted in allowance for loan and lease losses

156

Foreign currency translation adjustments

Financing Receivable, Allowance for Credit Losses [Line Items]

3,093

4,041

512

^[1]

1,270

^[1]

(967)

^[1]

(3,362)

^[1]

306

979

(661)

(2,383)

(29)

^[2]

(13)

^[2]

Financing Receivable, Allowance for Credit Losses [Line Items]

2,915

^[1]

2,915

^[1]

Consumer Auto [Member]

322

353

119

^[1]

229

^[1]

(129)

^[1]

(372)

^[1]

148

(83)

(224)

^[2]

Consumer Home Loan [Member]

358

^[1]

358

^[1]

Financing Receivable, Allowance for Credit Losses [Line Items]

112

^[1]

(20)

^[1]

(74)

^[1]

(15)

(53)

^[2]

Consumer Retail Banking [Member]

^[1]

Financing Receivable, Allowance for Credit Losses [Line Items]

186

210

^[1]

(23)

^[1]

(78)

^[1]

(17)

(59)

^[2]

Financing Receivable, Allowance for Credit Losses [Line Items]

169

^[1]

169

^[1]

Total Consumer [Member]

598

675

137

^[1]

281

^[1]

(172)

^[1]

(524)

^[1]

188

(115)

(336)

^[2]

Financing Receivable, Allowance for Credit Losses [Line Items]

620

^[1]

620

^[1]

Commercial [Member]

730

826

(1)

^[1]

(35)

^[1]

(152)

^[1]

(29)

(126)

^[2]

700

^[1]

700

^[1]

Financing Receivable, Allowance for Credit Losses [Line Items]

^[3]

(15)

^[1],[3]

(9)

^[1],[3]

(47)

^[1],[3]

^[3]

(7)

^[3]

(43)

^[3]

^[2],[3]

Financing Receivable, Allowance for Credit Losses [Line Items]

^[1],[3]

Total Allowance [Member]

4,488

5,628

633

^[1]

1,553

^[1]

(1,183)

^[1]

(4,085)

^[1]

371

1,197

(812)

(2,888)

(29)

^[2]

(13)

^[2]

Unfunded Lending Reserve [Member]

4,280

^[1]

4,280

^[1]

Financing Receivable, Allowance for Credit Losses [Line Items]

107

(11)

^[1]

(54)

^[1]

^[1]

^[2]

Combined Allowance And Unfunded Reserve [Member]

^[1]

Financing Receivable, Allowance for Credit Losses [Line Items]

4,552

5,735

622

^[1]

1,499

^[1]

(1,183)

^[1]

(4,085)

^[1]

371

1,197

(812)

(2,888)

(29)

^[2]

(13)

^[2]

Financing Receivable, Allowance for Credit Losses [Line Items]

$ 4,333

^[1]

$ 4,333

^[1]

[1]	The reduction in the provision for loan and lease losses attributable to Kohl's was $236 million for the first nine months of 2011. Loss sharing amounts attributable to Kohl's reduced charge-offs by $39 million and $80 million in the third quarter and first nine months of 2011. The expected reimbursement from Kohl's netted in our allowance for loan and lease losses was approximately $156 million as of September 30, 2011.
[2]	Includes foreign exchange translation adjustments of $29 million and $13 million for the three and nine months ended September 30, 2011, respectively.
[3]	Other consists of our discontinued GreenPoint mortgage operations loan portfolio and our community redevelopment loan portfolio.

Allowance For Loan And Lease Losses (Components Of Allowance For Loan And Lease Losses By Impairment Methodology) (Details) - USD ($)
$ in Millions

Sep. 30, 2011

Jun. 30, 2011

Dec. 31, 2010

$ 3,794

$ 5,192

464

403

4,280

5,628

123,260

118,883

1,818

1,510

4,874

5,554

Allowance as a percentage of period end held for investment loans

$ 129,952

$ 125,947

3.29%

4.47%

Number of components that are allocated to cover the estimated probable losses in each loan portfolio

Financing Receivable, Allowance for Credit Losses [Line Items]

$ 2,550

$ 3,655

365

386

2,915

^[1]

$ 3,093

4,041

61,115

60,458

915

913

Allowance as a percentage of period end held for investment loans

$ 62,030

$ 61,371

4.70%

6.58%

Consumer Auto [Member]

Financing Receivable, Allowance for Credit Losses [Line Items]

$ 352

$ 353

358

^[1]

322

353

20,322

17,867

Allowance as a percentage of period end held for investment loans

$ 20,422

$ 17,867

1.75%

1.98%

Consumer Home Loan [Member]

Financing Receivable, Allowance for Credit Losses [Line Items]

$ 64

$ 81

^[1]

112

6,533

7,154

101

4,282

4,892

Allowance as a percentage of period end held for investment loans

$ 10,916

$ 12,103

0.85%

0.93%

Consumer Retail Banking [Member]

Financing Receivable, Allowance for Credit Losses [Line Items]

$ 158

$ 209

169

^[1]

186

210

3,894

4,271

102

Allowance as a percentage of period end held for investment loans

$ 4,014

$ 4,413

4.21%

4.76%

Total Consumer [Member]

Financing Receivable, Allowance for Credit Losses [Line Items]

$ 574

$ 643

620

^[1]

598

675

30,749

29,292

220

4,383

4,994

Allowance as a percentage of period end held for investment loans

$ 35,352

$ 34,383

1.75%

1.96%

Commercial [Member]

Financing Receivable, Allowance for Credit Losses [Line Items]

$ 625

$ 808

700

^[1]

730

826

30,932

28,682

682

500

491

560

Allowance as a percentage of period end held for investment loans

$ 32,105

$ 29,742

2.18%

2.78%

Financing Receivable, Allowance for Credit Losses [Line Items]

$ 45

$ 86

^[2]

^[1]

$ 67

464

451

Allowance as a percentage of period end held for investment loans

$ 465

$ 451

9.68%

19.07%

[1]

[2]

Other consists of our discontinued GreenPoint mortgage operations loan portfolio and our community redevelopment loan portfolio.

Variable Interest Entities And Securitizations (Narrative) (Details) - USD ($)
$ in Millions

9 Months Ended

12 Months Ended

Sep. 30, 2011

Sep. 30, 2010

Dec. 31, 2010

Option ARM mortgage loan securitization debt securities

$ 3,200

$ 3,700

Securitization shock rate - low (in hundredths)

10.00%

Securitization shock rate - high (in hundredths)

20.00%

Residual interests on manufactured housing securitization transactions

$ 1,300

1,400

Clean-up call exposure on manufactured housing securitization transactions

420

Funded HELOC advances

Unfunded commitment on residual interests on trusts

Letters of credit funded amount

175

183

Fair value of letters of credit funded amount

Maximum liability under HELOC swaps

Liability position under HELOC swaps

$ 15

Servicing fee rate range - lower end (in hundredths)

0.375%

Servicing fee rate range - upper end (in hundredths)

1.00%

Net credit losses

$ 31

$ 120

136

Balance of Affordable Housing Entities Assets and Liabilities Unconsolidated

2,208

2,035

7,800

7,500

48,216

55,906

Carrying Amount of Other VIE Assets and Liabilities

294

344

324

395

^[1]

2,321

2,158

Other VIEs [Member]

2,054

1,861

252

230

262

307

Affordable Housing Entities [Member] | Other VIEs [Member]

^[1]

2,054

1,861

1,902

1,681

259

304

Entities That Provide Capital To Low-Income And Rural Communities [Member] | Other VIEs [Member]

^[1]

1,902

1,681

251

230

Other [Member] | Other VIEs [Member]

^[1]

146

174

^[1]

$ 146

$ 174

[1]	The maximum exposure to loss represents the amount of loss we would incur in the unlikely event that all our assets in the VIE become worthless and we were required to meet our maximum remaining funding obligations.

Variable Interest Entities And Securitizations (Carrying Amount Of Assets And Liabilities Of Variable Interest Entities) (Details) - USD ($)
$ in Millions

9 Months Ended

12 Months Ended

Sep. 30, 2011

Dec. 31, 2010

$ 48,216

$ 55,906

18,078

27,204

2,208

2,035

294

344

Securitized-Related VIEs [Member]

^[1]

2,321

2,158

47,964

55,676

18,078

27,204

154

174

^[1]

267

297

^[2]

47,808

53,694

^[2]

17,942

25,622

^[2]

^[2]

^[1],[2]

^[2]

119

1,784

^[2]

1,518

^[2]

^[2]

^[1],[2]

^[3]

154

174

^[4]

^[1]

267

297

^[2]

198

^[2]

^[2]

^[2]

^[1],[2]

Other VIEs [Member]

252

230

2,054

1,861

262

307

Other VIEs [Member] | Affordable Housing Entities [Member]

^[1]

2,054

1,861

1,902

1,681

259

304

Other VIEs [Member] | Entities That Provide Capital To Low-Income And Rural Communities [Member]

^[1]

1,902

1,681

251

230

Other VIEs [Member] | Other [Member]

^[1]

146

174

^[1]

$ 146

$ 174

[1]	The maximum exposure to loss represents the amount of loss we would incur in the unlikely event that all our assets in the VIE become worthless and we were required to meet our maximum remaining funding obligations.
[2]	Represents the gross assets and liabilities owned by the VIE which included seller's interest and retained and repurchased noted held by other related parties.
[3]	The carrying amount of assets of unconsolidated securitization-related VIEs consists of retained interests and letters of credit related to manufactured housing securitizations. Mortgage servicing rights related to unconsolidated VIEs are reported on our consolidated balance sheets under goodwill and other intangible assets. See "Note 8—Goodwill and Other Intangible Assets" for additional information on our mortgage servicing rights. Other retained interests are reported on our consolidated balance sheets under accounts receivable from securitizations.
[4]	The carrying amount of liabilities of unconsolidated securitization-related VIEs consists of obligations to fund negative amortization bonds associated with the securitization of option-adjustable rate mortgage loans ("option-ARMs") and obligations on certain swap agreements associated with the securitization of manufactured housing loans

Variable Interest Entities And Securitizations (External Debt And Receivable Balances Of Securitization Programs, Information Regarding Ongoing Involvement In The Structures, And Any Gains/Losses Recognized On Transferred Assets) (Details) - USD ($)
$ in Millions

9 Months Ended

12 Months Ended

Sep. 30, 2011

Dec. 31, 2010

$ 17,001

$ 25,415

46,844

52,355

$ 17

$ 77

Yes

Yes

^[1]

$ 94

$ 1,453

1,528

$ 12

$ 147

Yes

Yes

^[1]

$ 25

$ 48

191

$ 0

Yes

Yes

^[1]

$ 3,233

$ 3,690

3,342

3,813

GreenPoint HELOCs [Member]

$ 8

Retained interests

Yes

Servicing retained

^[2]

Yes

Amortization event

^[1]

$ 221

$ 284

221

284

GreenPoint Manufactured Housing [Member]

$ 0

Retained interests

Yes

Servicing retained

^[2]

Yes

Amortization event

^[1],[3]

Yes

$ 1,281

$ 1,386

1,287

1,393

Variable Interest Entities And Securitizations [Abstract]

$ 175

$ 183

Retained interests

Yes

Servicing retained

^[4]

Amortization event

^[1]

[1]	Amortization events vary according to each specific trust agreement but generally are triggered by declines in performance or credit metrics such as charge-off rates or delinquency rates below certain predetermined thresholds. Generally, the occurrence of an amortization event changes the sequencing and amount of trust related cash flows to the benefit of senior noteholders.
[2]	We continue to service some of the outstanding balance of securitized mortgage receivables.
[3]	See information below regarding on-going involvement in the GreenPoint Home Equity Line of Credit ("HELOC") securitizations.
[4]	The manufactured housing securitizations are serviced by a third party. For two of the deals, that third party works in the capacity of subservicer with Capital One being the Master Servicer.

Variable Interest Entities And Securitizations (Accounts Receivable From Securitizations) (Details) - USD ($) $ in Millions	Sep. 30, 2011	Dec. 31, 2010
Variable Interest Entities And Securitizations [Abstract]
Interest-only strip classified as trading	$ 64	$ 75
Retained notes	29	34
Cash collateral	8	8
Investor accrued interest receivable	0	0
Total retained interests classified as trading	37	42
Other retained interests	0	3
Total accounts receivable from securitizations	$ 101	$ 120

Variable Interest Entities And Securitizations (Gain Or Loss In Earnings From Changes In The Fair Value Of Retained Interests) (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2011

Sep. 30, 2010

^[1]

Sep. 30, 2011

Sep. 30, 2010

^[1]

Interest only strip valuation changes

$ (4)

$ 6

$ (11)

$ (19)

Fair value adjustments related to spread accounts

Fair value adjustments related to retained subordinated notes

(11)

(16)

Total income statement impact

$ 9

$ (5)

$ 28

$ (29)

[1]

Variable Interest Entities And Securitizations (Key Assumptions And Sensitivities For Non Mortgage Retained Interests Valuations) (Details) - USD ($)
$ in Millions

9 Months Ended

12 Months Ended

Sep. 30, 2011

Dec. 31, 2010

Variable Interest Entities And Securitizations [Abstract]

Interest-only strip and retained interests

^[1]

$ 118

$ 136

Weighted average life for receivables (months)

Principal repayment rate (weighted average rate), lower end (in hundredths)

13.80%

16.30%

Principal repayment rate (weighted average rate), upper end (in hundredths)

17.10%

18.10%

Impact on fair value of 10% adverse change

$ 9

$ 2

Impact on fair value of 20% adverse change

$ (5)

$ (6)

Discount rate (weighted average rate), lower end (in hundredths)

25.00%

25.20%

Discount rate (weighted average rate), upper end (in hundredths)

42.20%

Impact on fair value of 10% adverse change

$ (7)

Impact on fair value of 20% adverse change

(13)

(14)

Liquidity swap related to negative amortization bonds

$ 17

$ 19

[1]	Does not include liquidity swap related to the negative amortization bonds of $17 million as of September 30, 2011 and $19 million at December 31, 2010.

Variable Interest Entities And Securitizations (Cash Flows Related To Off-Balance Sheet Securitizations) (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2011

Sep. 30, 2010

Sep. 30, 2011

Sep. 30, 2010

Variable Interest Entities And Securitizations [Abstract]

Servicing fees received

$ 7

$ 8

$ 22

$ 25

Cash flows received on retained interests

^[1]

$ 11

$ 43

$ 36

$ 137

[1]	Includes all cash receipts of excess spread and other payments (excluding servicing fees) from the program.

Variable Interest Entities And Securitizations (Supplemental Loan Information) (Details) - USD ($) $ in Millions	Sep. 30, 2011	Dec. 31, 2010
Variable Interest Entities And Securitizations [Abstract]
Total principal amount of loans	$ 1,263	$ 1,396
Principal amount of loans past due 90 days or more	$ 234	$ 257

Goodwill And Other Intangible Assets (Narrative) (Details) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2011 USD ($)	Mar. 31, 2011 USD ($)	Sep. 30, 2010 USD ($)	Sep. 30, 2011 USD ($)	Sep. 30, 2010 USD ($)	Jan. 07, 2011 USD ($)	Dec. 31, 2010 USD ($)
Goodwill And Other Intangible Assets [Abstract]
Goodwill	$ 13,593			$ 13,593			$ 13,591
Goodwill associated with the acquisition of the private-label credit card portfolio and related assets and assumed liabilities of Hudson's Bay Company		$ 3
Intangible amortization expense	55		$ 54	$ 170	$ 166
Weighted average amortization period for all purchase accounting intangibles (in years)				6.6
Change in fair value due to run-off and cash collections	(3)		(2)	$ (10)	(19)
Change in fair value due to valuation input and assumption changes	(34)		(13)	$ (44)	(63)
Change in the weighted average prepayment rate				10% and 20%
Fair value change due to a 10% change in weighted average prepayment rates	5			$ 5
Fair value change due to a 20% change in weighted average prepayment rates	10			$ 10
Change in servicing costs				10% and 20%
Fair value change due to a 10% change in servicing costs	9			$ 9
Fair value change due to a 20% change in servicing costs	19			19
Aggregate unpaid principal balance	27,900		30,800	27,900	30,800
Serviced for other-than-company investors	18,600		$ 20,200	18,600	$ 20,200
Contract-based intangible assets	$ 1,799			$ 1,799		$ 70	$ 1,709

Goodwill And Other Intangible Assets (Components Of Goodwill And Other Intangible Assets) (Details) - USD ($)
$ in Millions

Sep. 30, 2011

Jun. 30, 2011

Dec. 31, 2010

Sep. 30, 2010

Jun. 30, 2010

Dec. 31, 2009

Goodwill And Other Intangible Assets [Line Items]

Goodwill

$ 13,593

$ 13,591

Total goodwill and other intangible assets

660

733

14,253

14,324

Core Deposit Intangibles [Member]

$ 130

141

$ 124

$ 137

$ 240

Goodwill And Other Intangible Assets [Line Items]

Contract Intangible [Member]

520

650

Goodwill And Other Intangible Assets [Line Items]

Purchased Credit Card Relationship Intangibles [Member]

^[1]

^[2]

Goodwill And Other Intangible Assets [Line Items]

Lease Intangibles [Member]

^[3],[4]

Goodwill And Other Intangible Assets [Line Items]

Trust Intangibles [Member]

Goodwill And Other Intangible Assets [Line Items]

Other Intangibles [Member]

Goodwill And Other Intangible Assets [Line Items]

$ 4

$ 9

[1]	Relates to the acquisition of the HBC portfolio in the first quarter of 2011.
[2]	Relates to the acquisition of the existing HBC credit card portfolio in the first quarter of 2011.
[3]	Relates to the acquisitions of the Kohl's private-label credit card portfolio in the second quarter of 2011, the existing HBC credit card portfolio in the first quarter of 2011 and the Sony Card portfolio in the third quarter of 2010.
[4]	Relates to the acquisitions of the existing Kohl's private-label credit card portfolio in the second quarter of 2011, the existing HBC credit card portfolio in the first quarter of 2011 and the existing Sony Card portfolio in the third quarter of 2010.

Goodwill And Other Intangible Assets (Goodwill) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2011 USD ($)
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 13,591
Acquisitions	3
Other adjustments	(1)
Goodwill, Ending Balance	13,593
Credit Card [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	4,690
Acquisitions	3
Other adjustments	(1)
Goodwill, Ending Balance	4,692
Consumer [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	4,583
Acquisitions	0
Other adjustments	0
Goodwill, Ending Balance	4,583
Commercial [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	4,318
Acquisitions	0
Other adjustments	0
Goodwill, Ending Balance	$ 4,318

Goodwill And Other Intangible Assets (Intangible Assets Subject To Amortization) (Details)
$ in Millions

Sep. 30, 2011

USD ($)

Jan. 07, 2011

USD ($)

Dec. 31, 2010

USD ($)

$ 1,799

$ 70

$ 1,709

(1,135)

(976)

(4)

Core Deposit Intangibles [Member]

660

733

1,562

(1,042)

(912)

$ 520

$ 650

Contract Intangible [Member]

6.2

7.0

^[1]

$ 70

^[1]

(14)

^[1]

(3)

^[2]

$ 53

^[1]

$ 0

Lease Intangibles [Member]

^[1]

6.3

$ 54

(32)

(28)

$ 22

$ 26

Purchased Credit Card Relationship Intangibles [Member]

21.0

21.7

^[3]

$ 77

$ 47

^[3]

(20)

(5)

^[3]

(1)

^[3],[4]

$ 56

$ 42

Trust Intangibles [Member]

^[3]

5.5

6.1

$ 11

(6)

(5)

$ 5

$ 6

Other Intangibles [Member]

12.2

12.9

$ 25

$ 35

(21)

(26)

$ 4

$ 9

2.6

3.3

[1]	Relates to the acquisition of the existing HBC credit card portfolio in the first quarter of 2011.
[2]	Relates to the acquisition of the HBC portfolio in the first quarter of 2011.
[3]	Relates to the acquisitions of the existing Kohl's private-label credit card portfolio in the second quarter of 2011, the existing HBC credit card portfolio in the first quarter of 2011 and the existing Sony Card portfolio in the third quarter of 2010.
[4]	Relates to the acquisitions of the Kohl's private-label credit card portfolio in the second quarter of 2011, the existing HBC credit card portfolio in the first quarter of 2011 and the Sony Card portfolio in the third quarter of 2010.

Goodwill And Other Intangible Assets (Estimated Future Amortization Expense For Intangible Assets) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2011 USD ($)
Goodwill And Other Intangible Assets [Abstract]
2011 (remaining three months)	$ 52
2012	183
2013	148
2014	113
2015	80
2016	49
Thereafter	35
Total	$ 660

Goodwill And Other Intangible Assets (Changes In The Fair Value Of Mortgage Servicing Rights) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Goodwill And Other Intangible Assets [Abstract]
Balance at beginning of period	$ 130	$ 137	$ 141	$ 240
Originations	1	2	7	8
Sales	0	0	0	(42)
Change in fair value, net	(37)	(15)	(54)	(82)
Balance at end of period	$ 94	$ 124	$ 94	$ 124
Ratio of mortgage servicing rights to related loans serviced for others	0.51%	0.61%	0.65%	0.72%
Weighted average service fee	0.28	0.28	0.28	0.28

The cash inflow from the sale of servicing rights, which contractually entitle the servicer to receive fees and ancillary revenues for performing billing, collection, disbursement and recordkeeping services in connection with a mortgage portfolio. Rights may be obtained via (1) acquisition or assumption of a servicing obligation that does not relate to financial assets of the servicer or its consolidated affiliates; or (2) by originating mortgage loans and then (a) transferring the loans to a Variable Interest Entity (VIE) in a transaction that meets the necessary transfer and classification requirements, or (b) transferring the loans in a transaction that meets the requirements for sale accounting.

Fair value as of the balance sheet date of an asset representing net future revenues from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements.

Goodwill And Other Intangible Assets (Significant Assumptions Used In Estimating The Fair Value Of MSRs) (Details)	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
Goodwill And Other Intangible Assets [Abstract]
Weighted average prepayment rate (includes default rate)	18.53%	17.59%
Weighted average life (in years)	4.86	5.09
Discount rate	11.72%	11.71%

Deposits And Borrowings (Narrative) (Details) - USD ($)
$ in Millions

3 Months Ended

Sep. 30, 2011

Dec. 31, 2010

Interest-bearing deposits represented by large denomination certificates of $100,000 or more

$ 110,777

$ 107,162

5,200

6,500

Number of years after filing that shelf registration statement expires

$ 3,000

three

Federal Home Loan Bank Stock

$ 218

269

Fair value adjustments to senior and subordinated notes

17,120

26,836

^[1]

840

578

Value of senior note matured during the year

854

Senior and Subordinated Global Bank Notes outstanding

817

820

Advances from Federal Home Loan Banks

1,100

Senior and subordinated notes outstanding

11,051

8,650

Junior Subordinated Notes

3,642

Junior subordinated borrowings called or matured

Outstanding FHLB advances

1,061

$ 1,144

Floating Rate Senior Notes [Member]

$ 250

2.125% Senior Notes [Member]

2014

Interest rate percentage of senior notes

$ 750

2.125%

3.150% Senior Notes [Member]

2014

Interest rate percentage of senior notes

$ 750

3.15%

4.750% Senior Notes [Member]

2016

Interest rate percentage of senior notes

$ 1,250

4.75%

Non-interest bearing deposits

2021

[1]	Includes fair value hedges related to securitized debt of $79 million as of December 31, 2010, which was included on the consolidated balance sheet in Other borrowings.

Deposits And Borrowings (Deposits, Short-Term Borrowings And Long-Term Debt) (Details) - USD ($)
$ in Millions

Sep. 30, 2011

Dec. 31, 2010

Deposits And Borrowings [Abstract]

$ 17,541

$ 15,048

Federal funds purchased and securities loaned or sold under agreements to repurchase

110,777

107,162

Total customer deposits

128,318

122,210

1,441

1,517

Other short-term borrowings

Total short-term borrowings

1,441

1,524

Unsecured subordinated debt

17,120

26,836

^[1]

Unsecured senior debt

7,112

4,883

3,939

3,767

Total senior and subordinated notes

11,051

8,650

Junior subordinated debt

3,642

FHLB advances

1,061

1,144

Other long-term borrowings

4,703

4,786

Total long-term debt

32,874

40,272

Total short-term borrowings and long-term debt

$ 34,315

41,796

Fair value adjustments to securitized debt obligations

$ 79

[1]	Includes fair value hedges related to securitized debt of $79 million as of December 31, 2010, which was included on the consolidated balance sheet in Other borrowings.

Deposits And Borrowings (Components Of Interest Expense) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Deposits And Borrowings [Abstract]
Federal funds purchased and securities loaned or sold under agreements to repurchase	$ 1	$ 1	$ 4	$ 3
FHLB advances	1	0	1	0
Total short-term borrowings	2	1	5	3
Securitized debt obligations	89	191	342	644
Unsecured senior debt	54	41	123	119
Unsecured subordinated debt	30	31	88	92
Total senior and subordinated notes	84	72	211	211
Junior subordinated debt	79	78	231	242
FHLB advances	2	4	9	17
Other	2	2	6	3
Other long-term borrowings	83	84	246	262
Total long-term debt	256	347	799	1,117
Total short-term borrowings and long-term debt	$ 258	$ 348	$ 804	$ 1,120

Derivative Instruments And Hedging Activities (Narrative) (Details) - USD ($)
$ / shares in Units, $ in Millions

3 Months Ended

9 Months Ended

Jul. 19, 2011

Sep. 30, 2011

Dec. 31, 2010

Net valuation allowance on derivative assets and liabilities for non-performance risk

$ 39

$ 20

Gain (net after tax) recorded in AOCI related to derivatives designated as cash flow hedges expected to be reclassified to earnings over the next 12 months

$ 2

Maximum length of time over which forecasted transactions were hedged (in years)

six

Maximum credit exposure on credit default swap agreements

$ 24

Fair value of credit default swap obligations

Fair value of derivative instruments with credit-risk-related contingent features

^[1],[2]

926

636

Collateral posted for derivative instruments with credit-risk-related contingent features

343

229

Contingent collateral required upon credit rating falling below investment grade

Cash collateral from derivatives counterparties

1,100

668

Notional amount of interest-rate swap

23,800

Recognized mark-to-market loss on interest-rate swap

266

Cumulative counterparty credit risk valuation adjustment

Cumulative credit risk valuation adjustment related to our credit quality

Notional or contractual amount

71,931

50,727

Fair value of derivatives assets

^[3]

2,143

1,319

Fair value of derivatives liabilities

^[3]

$ 926

$ 636

Forward contract, settlement date

508,195,751

504,801,064

Feb. 15, 2012

Cash proceeds from the forward purchasers

$ 1,900

Fair Value Hedges [Member]

Higher remaining maturity range

2019

Cash Flow Hedges [Member]

Higher remaining maturity range

2017

Forward Sale Agreements [Member]

Price per share before discounts and commissions

$ 50.00

Common stock initial sale price

40,000,000

$ 48.50

Fair value of derivative instruments with credit-risk-related contingent features

$ 81

$ 66

[1]	Does not reflect $39 million and $20 million recognized as a net valuation allowance on derivative assets and liabilities for non-performance risk as of September 30, 2011 and December 31, 2010, respectively. Non-performance risk is reflected in other assets/liabilities on the balance sheet and offset through the income statement in other income.
[2]	We do not offset the fair value of derivative contracts in a loss position against the fair value of contracts in a gain position. We also do 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.
[3]	Derivative asset and liability amounts are presented on a gross basis based on individual contracts and do not reflect the impact of legally enforceable master counterparty netting agreements, collateral received/posted or net credit risk valuation adjustments. We recorded a net cumulative credit risk valuation adjustment related to our derivative positions of $39 million and $20 million as of September 30, 2011 and December 31, 2010, respectively. See "Derivative Counterparty Credit Risk" below for additional information.

Derivative Instruments And Hedging Activities (Fair Value And Notional Amounts Of Derivatives) (Details) - USD ($)
$ in Millions

Sep. 30, 2011

Dec. 31, 2010

$ 71,931

$ 50,727

^[1]

2,143

1,319

Designated As Hedging Instrument [Member]

^[1]

926

636

25,718

27,904

^[1]

1,410

766

Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member]

^[1]

138

255

21,377

25,586

^[1]

1,131

761

Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Fair Value Interest Rate Contracts [Member]

^[1]

138

228

15,052

17,001

^[1]

1,052

747

Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Cash Flow Interest Rate Contracts [Member]

^[1]

6,325

8,585

^[1]

Designated As Hedging Instrument [Member] | Foreign Exchange Contracts [Member]

^[1]

137

151

4,341

2,318

^[1]

279

Designated As Hedging Instrument [Member] | Foreign Exchange Contracts [Member] | Cash Flow Foreign Exchange Contracts [Member]

^[1]

4,341

2,266

^[1]

279

Designated As Hedging Instrument [Member] | Foreign Exchange Contracts [Member] | Net Investment Foreign Exchange Contracts [Member]

^[1]

^[1]

Not Designated As Hedging Instrument [Member]

^[1]

^[1]

46,213

22,823

^[1]

733

553

Not Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member]

^[1]

788

381

^[1]

43,768

20,459

^[1]

511

331

Not Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Mortgage Servicing Rights Interest Rate Contracts [Member]

^[1]

717

297

^[1]

383

625

^[1]

Not Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Customer Accommodation Interest Rate Contracts [Member]

^[1]

^[1],[2]

15,232

12,255

^[1],[2]

458

282

Not Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Other Interest Rate Exposures Interest Rate Contracts [Member]

^[1],[2]

404

244

^[1]

28,153

7,579

^[1]

Not Designated As Hedging Instrument [Member] | Foreign Exchange Contracts [Member]

^[1]

300

^[1]

1,488

1,384

^[1]

219

214

Not Designated As Hedging Instrument [Member] | Other Contract [Member]

^[1]

^[1]

957

980

^[1]

Derivative Instruments, Gain (Loss) [Line Items]

^[1]

$ 5

$ 17

[1]

[2]

Customer accommodation derivatives include those entered into with our commercial banking customers and those entered into with other counterparties to offset the market risk.

Derivative Instruments And Hedging Activities (Net Gains (Losses) Recognized In Earnings Related To Derivatives In Fair Value Hedging Relationships And Freestanding Derivatives) (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2011

Sep. 30, 2010

Sep. 30, 2011

Sep. 30, 2010

Gain (loss) recognized in earnings on derivatives

^[1]

$ 339

$ 231

$ 380

$ 757

Gain (loss) recognized in earnings on hedged items

^[1]

(334)

(230)

(372)

(718)

Net fair value hedge ineffectiveness gain (loss)

Gain (loss) recognized in earnings on derivatives not designated as accounting hedges

(242)

(223)

Net derivatives gain (loss) recognized in earnings

(237)

(215)

Mortgage Servicing Rights Interest Rate Contracts [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Gain (loss) recognized in earnings on derivatives not designated as accounting hedges

^[1]

(4)

(17)

Customer Accommodation Interest Rate Contracts [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Gain (loss) recognized in earnings on derivatives not designated as accounting hedges

^[1]

Other Interest Rate Exposures Interest Rate Contracts [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Gain (loss) recognized in earnings on derivatives not designated as accounting hedges

^[1],[2]

(273)

(1)

(267)

Interest Rate Contracts [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Gain (loss) recognized in earnings on derivatives not designated as accounting hedges

(262)

(250)

Cash Flow Foreign Exchange Contracts [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Gain (loss) recognized in earnings on derivatives not designated as accounting hedges

^[1]

(7)

Other Contracts [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Gain (loss) recognized in earnings on derivatives not designated as accounting hedges

^[1]

$ 14

$ 12

$ 23

$ 44

[1]	Amounts are recorded in our consolidated statements of income in other non-interest income.
[2]	Includes $266 million in mark-to-market losses recorded in the third quarter of 2011 on interest-rate swap transactions related to the pending ING Direct acquisition discussed above.

Derivative Instruments And Hedging Activities (Net Gains (Losses) Related To Derivatives Designated As Cash Flow Hedges And Net Investment Hedges) (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2011

Sep. 30, 2010

Sep. 30, 2011

Sep. 30, 2010

Derivative Instruments And Hedging Activities [Abstract]

Interest rate contracts

^[1]

$ 14

$ (13)

$ 35

$ (28)

^[1]

(5)

(1)

(15)

Subtotal

^[1]

(14)

(27)

Net derivatives gain (loss) recognized in AOCI

^[1]

(1)

(3)

(2)

(1)

^[1]

(17)

(28)

Interest rate contracts

^[2]

(1)

(8)

(46)

^[3]

(5)

(1)

(14)

Subtotal

(6)

(9)

(13)

(45)

Interest rate contracts

^[3]

Net derivatives loss recognized in earnings

^[3]

Subtotal

$ (6)

$ (9)

$ (13)

$ (44)

[1]	Amounts represent the effective portion.
[2]	Amounts reclassified are recorded in our consolidated statements of income in interest income, interest expense or other non-interest income.
[3]	Amounts reclassified are recorded in our consolidated statements of income in other non-interest income.

Stockholders' Equity (Schedule Of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($)
$ in Millions

9 Months Ended

12 Months Ended

Sep. 30, 2011

Dec. 31, 2010

Stockholders' Equity [Abstract]

$ 182

$ 143

Net unrealized gains on securities

^[1]

380

333

Net unrecognized elements of defined benefit plans

(30)

(29)

Foreign currency translation adjustments

(56)

(36)

Unrealized losses on cash flow hedging instruments and Other

(21)

(52)

Other-than-temporary impairment not recognized in earnings on securities

Initial application of measurement date provisions for postretirement benefits other than pensions

(1)

Initial application from adoption of consolidation standards

(16)

Total accumulated other comprehensive income

291

248

Unrealized losses not related to credit on other-than-temporarily impaired securities, net of income tax

126

105

Income tax expense on unrealized losses not related to credit on other-than-temporarily impaired securities

$ 81

$ 68

[1]

Earnings Per Common Share (Computation Of Basic And Diluted Earnings Per Common Share) (Details) - USD ($)
$ / shares in Units, $ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2011

Sep. 30, 2010

Sep. 30, 2011

Sep. 30, 2010

Jul. 19, 2011

Dec. 31, 2010

Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]

Income from continuing operations, net of tax

$ 865

$ 818

$ 2,842

$ 2,349

Loss from discontinued operations, net of tax

(52)

(15)

(102)

(303)

Net income

$ 813

$ 803

$ 2,740

$ 2,046

Denominator for basic earnings per share-Weighted-average shares (in shares)

456,000,000

453,000,000

455,000,000

452,000,000

Stock options (in shares)

^[1]

1,000,000

2,000,000

1,000,000

Contingently issuable shares (in shares)

^[1]

1,000,000

2,000,000

Restricted stock and units (in shares)

^[1]

2,000,000

3,000,000

2,000,000

3,000,000

Dilutive potential common shares (in shares)

4,000,000

6,000,000

4,000,000

Denominator for diluted earnings per share-Adjusted weighted-average shares (in shares)

460,000,000

457,000,000

461,000,000

456,000,000

Income from continuing operations (in dollars per share)

$ 1.89

$ 1.81

$ 6.24

$ 5.19

Loss from discontinued operations (in dollars per share)

(0.11)

(0.03)

(0.22)

(0.66)

Net income per basic common share

1.78

6.02

4.53

Net income per diluted common share

$ 1.77

$ 1.76

$ 5.95

$ 4.49

Antidilutive awards, options or warrants excluded from the computation of diluted earnings per share (in shares)

49,000,000

30,000,000

22,000,000

26,000,000

Income from continuing operations (in dollars per share)

$ 1.88

$ 1.79

$ 6.17

$ 5.15

Loss from discontinued operations (in dollars per share)

$ (0.11)

$ (0.03)

$ (0.22)

$ (0.66)

Forward Sale Agreements [Member]

508,195,751

504,801,064

Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]

Price per share before discounts and commissions

40,000,000

$ 50.00

Common stock initial sale price

$ 48.50

[1]

Fair Value Of Financial Instruments (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($)
$ in Millions

Sep. 30, 2011

Jun. 30, 2011

Dec. 31, 2010

Sep. 30, 2010

Jun. 30, 2010

Dec. 31, 2009

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

$ 38,400

$ 41,537

$ 130

141

$ 124

$ 137

$ 240

^[1],[2]

2,143

1,319

101

117

40,738

43,114

^[1],[2]

926

636

Net valuation allowance on derivative assets and liabilities for non-performance risk

926

636

Fair value of financial guarantees

Level 1 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

402

679

^[1],[2]

405

687

^[1],[2]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Level 2 [Member]

37,414

40,260

^[1],[2]

2,075

1,265

39,489

41,525

^[1],[2]

681

575

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

681

575

Level 3 [Member]

584

598

141

^[1],[2]

101

117

844

902

^[1],[2]

240

U.S. Treasury And Other U.S. Agency [Member]

240

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

U.S. Treasury And Other U.S. Agency [Member] | Level 1 [Member]

300

700

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

U.S. Treasury And Other U.S. Agency [Member] | Level 2 [Member]

125

386

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

U.S. Treasury And Other U.S. Agency [Member] | Level 3 [Member]

175

314

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Residential Mortgage Backed Securities [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Residential Mortgage Backed Securities [Member] | Level 1 [Member]

27,020

30,204

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Residential Mortgage Backed Securities [Member] | Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Residential Mortgage Backed Securities [Member] | Level 3 [Member]

26,829

29,626

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

191

578

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Asset-Backed Securities [Member] | Level 1 [Member]

9,734

9,966

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Asset-Backed Securities [Member] | Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Asset-Backed Securities [Member] | Level 3 [Member]

9,695

9,953

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Commercial Mortgage Backed Securities [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Commercial Mortgage Backed Securities [Member] | Level 1 [Member]

827

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Commercial Mortgage Backed Securities [Member] | Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Commercial Mortgage Backed Securities [Member] | Level 3 [Member]

485

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Other Debt Securities [Member]

342

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Other Debt Securities [Member] | Level 1 [Member]

519

622

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Other Debt Securities [Member] | Level 2 [Member]

277

293

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Other Debt Securities [Member] | Level 3 [Member]

230

322

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

$ 12

$ 7

[1]

[2]

Fair Value Of Financial Instruments (Level 3 Inputs Reconciliation For Assets And Liabilities) (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2011

Sep. 30, 2010

Sep. 30, 2011

Sep. 30, 2010

Total realized and unrealized gains (losses) included in net income

$ 378

$ 1,212

$ 598

$ 1,506

(3)

Total realized and unrealized gains (losses) included in other comprehensive income

(10)

(23)

(14)

(72)

(21)

Purchases

282

316

Sales

(15)

(30)

Issuances

Settlements

(34)

(94)

100

^[1]

349

^[1]

131

1,101

^[1]

^[1]

(117)

(385)

(323)

(1,443)

Total unrealized gains (losses) included in net income related to assets and liabilities

584

1,129

584

1,129

^[2]

(3)

^[2]

(3)

^[2]

Securities Available For Sale [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Total realized and unrealized gains (losses) included in net income

378

1,212

598

1,506

(3)

Total realized and unrealized gains (losses) included in other comprehensive income

(10)

(23)

(14)

(72)

(21)

Purchases

282

316

Sales

(15)

(30)

Issuances

Settlements

(34)

(94)

^[1]

100

349

131

1,101

^[1]

(117)

(385)

(323)

(1,443)

Total unrealized gains (losses) included in net income related to assets and liabilities

584

1,129

584

1,129

^[2]

(3)

Mortgage Servicing Rights [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Total realized and unrealized gains (losses) included in net income

130

137

141

240

(34)

(13)

^[3]

(44)

^[3]

(62)

^[3]

Total realized and unrealized gains (losses) included in other comprehensive income

(54)

(3)

(10)

^[1]

^[1]

Total unrealized gains (losses) included in net income related to assets and liabilities

124

^[2]

(34)

(13)

(44)

(62)

Derivative Receivables [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Total realized and unrealized gains (losses) included in net income

^[4]

440

^[4]

Total realized and unrealized gains (losses) included in other comprehensive income

^[4]

^[4]

^[4]

(401)

^[4]

^[4]

^[4]

^[4]

(8)

(23)

^[1],[4]

^[1],[4]

(1)

(2)

(1)

Total unrealized gains (losses) included in net income related to assets and liabilities

^[4]

^[2],[4]

Retained Interests In Securitizations [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Total realized and unrealized gains (losses) included in net income

^[5]

106

196

117

3,945

^[5]

(5)

(16)

Total realized and unrealized gains (losses) included in other comprehensive income

^[5]

^[5]

(72)

(79)

^[5]

(3,751)

^[5]

^[5]

^[5]

^[5]

^[1],[5]

^[1],[5]

Total unrealized gains (losses) included in net income related to assets and liabilities

^[5]

101

124

101

124

^[2],[5]

(5)

(16)

Derivative Payables [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

^[4]

Total realized and unrealized gains (losses) included in net income

^[4]

(42)

(47)

(43)

(33)

^[4]

(24)

(7)

(28)

(20)

Total realized and unrealized gains (losses) included in other comprehensive income

^[4]

^[4]

(1)

Purchases

^[4]

Sales

^[4]

^[1]

Issuances

^[4]

(180)

(182)

Settlements

^[4]

^[1],[4]

^[1],[4]

(1)

Total unrealized gains (losses) included in net income related to assets and liabilities

^[4]

(240)

(53)

(240)

(53)

^[2],[4]

(24)

(7)

(28)

(20)

U.S. Treasury And Other U.S. Agency [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Total realized and unrealized gains (losses) included in net income

Total realized and unrealized gains (losses) included in other comprehensive income

^[1]

^[1]

Total unrealized gains (losses) included in net income related to assets and liabilities

^[2]

Residential Mortgage Backed Securities [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Total realized and unrealized gains (losses) included in net income

357

1,061

578

1,468

(3)

Total realized and unrealized gains (losses) included in other comprehensive income

(5)

(23)

(9)

(71)

(21)

(30)

(34)

(15)

(34)

(93)

^[1]

349

^[1]

1,051

^[1]

^[1]

(117)

(335)

(320)

(1,387)

Total unrealized gains (losses) included in net income related to assets and liabilities

191

1,028

191

1,028

^[2]

(3)

^[2]

(3)

^[2]

Commercial Mortgage Backed Securities [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Total realized and unrealized gains (losses) included in net income

Total realized and unrealized gains (losses) included in other comprehensive income

(1)

282

(15)

^[1]

^[1]

Total unrealized gains (losses) included in net income related to assets and liabilities

342

^[2]

Asset Backed Securities [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Total realized and unrealized gains (losses) included in net income

132

Total realized and unrealized gains (losses) included in other comprehensive income

(4)

(1)

(4)

(2)

(1)

^[1]

^[1]

(50)

(3)

(50)

Total unrealized gains (losses) included in net income related to assets and liabilities

^[2]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Total realized and unrealized gains (losses) included in net income

Total realized and unrealized gains (losses) included in other comprehensive income

^[1]

^[1]

(6)

Total unrealized gains (losses) included in net income related to assets and liabilities

$ 0

^[2]

$ 0

^[2]

$ 0

^[2]

[1]	The transfer out of Level 3 for the third quarter and first nine months of 2011 and 2010 was primarily driven by greater consistency amongst multiple pricing sources. The transfer into Level 3 was primarily driven by less consistency amongst vendor pricing on individual securities for non-agency MBS.
[2]	The amount presented for unrealized gains (losses) for assets still held as of the reporting date primarily represents impairments for available-for-sale securities and accretion on certain fixed maturity securities, and are reported in total other-than-temporary losses as a component of non-interest income. The amounts presented for unrealized gains (losses) for assets still held as of the end of the reported period for mortgage servicing rights, derivative receivable and derivative payables are reflected in Other as a component of non-interest income. The amounts presented for unrealized gains (losses) for assets still held as of the end of the reported period for retained interests in securitizations are reported in Servicing and securitizations as a component of non-interest income.
[3]	Gains (losses) related to Level 3 mortgage servicing rights are reported in other non-interest income.
[4]	An end of quarter convention is used to measure derivative activity, resulting in end of quarter values being reflected as purchases, issuances and 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.
[5]	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.

Fair Value Of Financial Instruments (Assets Measured At Fair Value On A Non Recurring Basis) (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2011

Sep. 30, 2010

Sep. 30, 2011

Sep. 30, 2010

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

$ 312

$ 190

$ 312

$ 190

117

229

117

229

Foreclosed assets

^[1]

138

268

138

268

Total Gains/(Losses) recognized for loans held for sale fair value

Total

585

695

585

695

^[2]

(1)

(5)

Total Gains/(Losses) recognized for loans held for investment fair value

^[2]

(18)

(68)

(90)

Total Gains/(Losses) recognized for foreclosed assets fair value

^[1],[2]

(4)

(9)

(23)

(29)

Total Gains/(Losses) recognized for other assets fair value

^[2]

(13)

Total Gains/(Losses) recognized for total assets fair value

^[2]

(19)

(101)

(124)

Level 1 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

^[1]

312

190

312

190

Foreclosed assets

^[1]

138

268

138

268

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Total

523

557

523

557

Level 3 [Member]

138

Foreclosed assets

^[1]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total

$ 62

$ 138

$ 62

$ 138

[1]	Represents the fair value and related losses of foreclosed properties that were written down subsequent to their initial classification as foreclosed properties.
[2]	Represents the gains/losses recognized for the periods presented.

Fair Value Of Financial Instruments (Fair Value Of Financial Instruments) (Details) - USD ($)
$ in Millions

Sep. 30, 2011

Dec. 31, 2010

Restricted cash for securitization investors

$ 984

$ 1,602

38,400

41,537

Derivatives

^[1],[2]

2,143

1,319

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

^[1],[2]

926

636

Carrying Amount [Member]

Cash and cash equivalents

6,358

5,249

Restricted cash for securitization investors

984

1,602

38,400

41,537

Net loans held for investment

312

228

125,672

120,319

Interest receivable

958

1,070

Accounts receivable from securitization

101

118

Derivatives

2,143

1,319

Non-interest bearing deposits

141

17,541

15,048

Senior and subordinated notes

110,777

107,162

11,051

8,650

Federal funds purchased and securities loaned or sold under agreements to repurchase

17,120

26,915

1,441

1,517

Other borrowings

4,703

4,714

Interest payable

401

488

Estimated Fair Value [Member]

926

636

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Cash and cash equivalents

6,358

5,249

Restricted cash for securitization investors

984

1,602

38,400

41,537

Net loans held for investment

312

228

128,149

124,117

Interest receivable

958

1,070

Accounts receivable from securitization

101

118

Derivatives

2,143

1,319

Non-interest bearing deposits

141

17,541

15,048

Senior and subordinated notes

111,478

107,587

10,960

9,236

Federal funds purchased and securities loaned or sold under agreements to repurchase

17,257

26,943

1,441

1,517

Other borrowings

4,696

4,901

Interest payable

401

488

$ 926

$ 636

[1]

[2]

Business Segments (Schedule Of Business Segment) (Details)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2011

USD ($)

Sep. 30, 2010

USD ($)

Sep. 30, 2011

USD ($)

Sep. 30, 2010

USD ($)

Dec. 31, 2010

USD ($)

$ 3,283

$ 3,109

$ 9,559

$ 9,434

871

907

2,670

2,775

4,154

4,016

12,229

12,209

622

867

1,499

3,069

131

152

2,255

1,946

6,583

5,691

Income (loss) from continuing operations before income taxes

2,297

1,996

6,714

5,843

1,235

1,153

4,016

3,297

Income (loss) from continuing operations, net of tax

370

335

1,174

948

865

818

2,842

2,349

129,952

$ 125,947

Provision for mortgage loan repurchase claims recognized as a component of non-interest income

128,318

122,210

$ 5

211

Number of reportable business segments

2,042

1,934

$ 5,873

6,024

678

671

1,971

2,048

2,720

2,605

7,844

8,072

511

660

1,270

2,600

1,188

978

3,604

2,894

Income (loss) from continuing operations before income taxes

1,188

978

3,604

2,894

1,021

967

2,970

2,578

Income (loss) from continuing operations, net of tax

358

336

1,046

890

663

631

1,924

1,688

62,030

61,371

Consumer Banking [Member]

1,097

946

3,131

2,777

188

196

568

674

1,285

1,142

3,699

3,451

136

114

272

100

110

821

721

2,251

2,070

Income (loss) from continuing operations before income taxes

853

757

2,351

2,180

296

271

1,076

1,219

Income (loss) from continuing operations, net of tax

106

384

434

190

175

692

785

35,352

34,383

Commercial Banking [Member]

88,589

82,959

353

325

1,007

956

195

132

415

355

1,202

1,088

(10)

(43)

395

190

185

538

547

Income (loss) from continuing operations before income taxes

200

199

569

589

225

676

104

Income (loss) from continuing operations, net of tax

241

145

435

32,105

29,742

25,282

22,630

(209)

(93)

(452)

(316)

(57)

(64)

(81)

(266)

(86)

(516)

(397)

(15)

(2)

190

180

Income (loss) from continuing operations before income taxes

190

180

(307)

(146)

(706)

(604)

Income (loss) from continuing operations, net of tax

(174)

(119)

(497)

(413)

(133)

(27)

(209)

(191)

465

451

14,447

$ 16,621

Total Managed [Member]

3,283

3,112

9,559

9,441

871

904

2,670

2,773

4,154

4,016

12,229

12,214

622

867

1,499

3,074

131

152

2,255

1,946

6,583

5,691

Income (loss) from continuing operations before income taxes

2,297

1,996

6,714

5,843

1,235

1,153

4,016

3,297

Income (loss) from continuing operations, net of tax

370

335

1,174

948

865

818

2,842

2,349

Reconciliation [Member]

^[1]

(3)

(7)

^[1]

^[1]

(5)

^[1]

(5)

^[1]

^[1]

Income (loss) from continuing operations before income taxes

^[1]

^[1]

Income (loss) from continuing operations, net of tax

^[1]

^[1]

$ 0

Maximum [Member]

1,000

Minimum [Member]

Commitments, Contingencies And Guarantees [Line Items]

$ 10

[1]

Commitments, Contingencies And Guarantees (Narrative) (Details)
$ / shares in Units, $ in Millions

1 Months Ended

3 Months Ended

6 Months Ended

9 Months Ended

12 Months Ended

Jun. 30, 2011

USD ($)

Sep. 30, 2011

USD ($)

$ / shares

Sep. 30, 2010

USD ($)

Mar. 31, 2008

USD ($)

Jun. 30, 2011

USD ($)

Sep. 30, 2011

USD ($)

$ / shares

Sep. 30, 2010

USD ($)

Dec. 31, 2010

USD ($)

$ / shares

Jul. 19, 2011

$ / shares

Jun. 30, 2010

USD ($)

Dec. 31, 2009

USD ($)

Contractual amounts of standby and commercial letters of credit

$ 984.0

$ 922.0

Fair value of guarantees outstanding

4.0

Maximum payment under the earn-out

330.0

Contingent payment arrangements, estimated year one

30.0

Contingent payment arrangements, estimated year two

300.0

Liability for contingent payments related to arrangements

$ 60.0

$ 90.0

Number of subsidiaries acquired that originated residential mortgage loans

Upper end of the range of possible loss for representation and warranty claims

^[1]

$ 111,000.0

$ 1,500.0

1,500.0

Increase is attributable to increased activity from uninsured investors

$ 400.0

Original Principal Balance Of Mortgage Loans Originated And Sold To Non Affiliates By Subsidiaries Between 2005 And 2008

111,000.0

Original principal balance of mortgage loans originated and sold by subsidiaries between 2005 and 2008 recognized as loss

42,000.0

45,000.0

14,000.0

Original principal balance of mortgage loans originated and sold by subsidiaries between 2005 and 2008 estimated unpaid 90 days

11,000.0

Original principal balance of mortgage loans originated and sold by subsidiaries between 2005 and 2008 into unknown current ownership

10,000.0

Original principal balance of mortgage loans originated and sold by subsidiaries between 2005 and 2008 into active insured securitizations

$ 1,700.0

1,872.0

^[2]

1,700.0

1,872.0

^[2]

1,623.0

^[2]

$ 1,015.0

^[2]

13,000.0

Original principal balance of mortgage loans originated and sold by subsidiaries between 2005 and 2008 into inactive insured securitizations

5,000.0

Original principal balance of mortgage loans originated and sold by subsidiaries between 2005 and 2008 into uninsured securitizations

49,000.0

Original principal balance of mortgage loans originated and sold by subsidiaries between 2005 and 2008 to private investors

23,000.0

Original principal balance of mortgage loans originated and sold by subsidiaries between 2005 and 2008 to private investors and in turn GSEs

10,000.0

Provision for repurchase losses

^[3]

72.0

$ 16.0

153.0

$ 644.0

636.0

Net realized losses

(49.0)

(33.0)

(77.0)

(46.0)

(58.0)

Reduction in Visa-related indemnification liabilities

^[4]

$ 869.0

892.0

$ 836.0

869.0

892.0

$ 836.0

816.0

$ 853.0

238.0

$ 91.0

Fair value of indemnification guarantee to Visa

0.0

$ 0.0

Minimum range of possible losses

75.0

Maximum range of possible losses

$ 225.0

Common stock issued | shares

508,195,751

504,801,064

Common stock, par value (in dollars per share) | $ / shares

$ 0.01

US Bank Litigation [Member]

Commitments, Contingencies And Guarantees [Line Items]

Number of mortgage loans in disputed portfolio

30,000

Aggregate principal balance of mortgage loans in disputed portfolio

$ 1,800.0

Active loan losses

824.0

In-force active loans

330.0

Delinquent active loans

$ 43.0

Minimum number of days past due for delinquent loan status

DBSP Litigation [Member]

Commitments, Contingencies And Guarantees [Line Items]

Number of mortgage loans in disputed portfolio

6,200

Aggregate principal balance of mortgage loans in disputed portfolio

$ 353.0

Active loan losses

144.0

In-force active loans

52.0

Delinquent active loans

$ 4.0

Minimum number of days past due for delinquent loan status

ING Direct [Member]

Commitments, Contingencies And Guarantees [Line Items]

Pending Acquisition, date of acquisition agreement

June 2011

Acquire in exchange for in cash

$ 6.2

6.2

Acquisition, shares of our common stock | shares

55,900,000

Public underwritten offering

$ 3.0

Public underwritten offering , shares

1,900.0

HSBC U.S. Credit Card Business [Member]

Commitments, Contingencies And Guarantees [Line Items]

Business assets and assume liabilities

$ 2,600.0

Maximum consideration Fro acquisition

$ 750.0

Common stock, par value (in dollars per share) | $ / shares

$ 39.23

Government Sponsored Enterprises [Member]

Commitments, Contingencies And Guarantees [Line Items]

Original Principal Balance Of Mortgage Loans Originated And Sold To Non Affiliates By Subsidiaries Between 2005 And 2008

^[5]

$ 11,000.0

^[5]

5,000.0

$ 5,000.0

Insured Securitizations [Member]

^[2]

151.0

126.0

61.0

Commitments, Contingencies And Guarantees [Line Items]

Original Principal Balance Of Mortgage Loans Originated And Sold To Non Affiliates By Subsidiaries Between 2005 And 2008

18,000.0

7,000.0

Uninsured Securitizations And Other Whole Loans Sales [Member]

^[2]

1,058.0

832.0

366.0

Commitments, Contingencies And Guarantees [Line Items]

Original Principal Balance Of Mortgage Loans Originated And Sold To Non Affiliates By Subsidiaries Between 2005 And 2008

82,000.0

30,000.0

33,000.0

GSEs And Active Insured Securitizations [Member]

^[2]

$ 663.0

663.0

$ 665.0

$ 588.0

Commitments, Contingencies And Guarantees [Line Items]

Forward Sale Agreements [Member]

$ 24,000.0

Commitments, Contingencies And Guarantees [Line Items]

Common stock issued | shares

40,000,000

Sale of stock, price per share before discounts and commissions | $ / shares

$ 50.00

Common stock initial sale price | $ / shares

$ 48.50

[1]	Reflects, in billions, the total original principal balance of mortgage loans originated by our subsidiaries and sold to third party investors between 2005 and 2008.
[2]	The open pipeline includes all repurchase requests ever received by our subsidiaries where the requesting party has not formally rescinded the repurchase request and where our subsidiary has not agreed to either repurchase the loan at issue or make the requesting party whole with respect to its losses. Accordingly, repurchase requests denied by our subsidiaries and not pursued by the counterparty remain in the open pipeline. Moreover, repurchase requests submitted by parties without contractual standing to pursue repurchase requests are included within the open pipeline unless the requesting party has formally rescinded its repurchase request. Finally, the amounts reflected in this chart are original principal balance amounts and do not correspond to the losses our subsidiary would incur upon the repurchase of these loans.
[3]	In the third quarter of 2011, we recognized a reduction to the reserve for mortgage repurchase claims of $3 million in our consolidated statements of income as a component of non-interest income. In the first nine months of 2011, we recognized a provision for mortgage repurchase claims of $5 million. In the third quarter and first nine months of 2010, we recognized a provision for mortgage repurchase claims of $16 million and $211 million, respectively. The pre-tax portion of the provision for mortgage repurchase claims recognized in our consolidated statements of income as a component of discontinued operations totaled $75 million and $147 million, for the three and nine months ended September 30, 2011, respectively, and $0 million and $433 million for the three and nine months ended September 30, 2010, respectively.
[4]	Reported in our consolidated balance sheets as a component of other liabilities.
[5]	GSEs include Fannie Mae and Freddie Mac.

Commitments, Contingencies And Guarantees (Unpaid Principal Balance Of Mortgage Loans Originated And Sold To Third Parties Based On Category Of Purchaser) (Details) - USD ($)
$ in Billions

Sep. 30, 2011

Dec. 31, 2010

Commitments, Contingencies And Guarantees [Line Items]

$ 42

$ 45

111

Government Sponsored Enterprises [Member]

Commitments, Contingencies And Guarantees [Line Items]

^[1]

^[1]

^[1]

^[1]

^[1]

Insured Securitizations [Member]

^[1]

Commitments, Contingencies And Guarantees [Line Items]

Uninsured Securitizations And Other Whole Loans Sales [Member]

Commitments, Contingencies And Guarantees [Line Items]

$ 33

Commitments, Contingencies And Guarantees [Line Items]

$ 33

[1]	GSEs include Fannie Mae and Freddie Mac.

Commitments, Contingencies And Guarantees (Open Claims In Pipeline) (Details) - USD ($)
$ in Millions

9 Months Ended

12 Months Ended

Sep. 30, 2011

Dec. 31, 2010

^[1]

$ 1,623

$ 1,015

^[1]

415

953

^[1]

(85)

(236)

^[2]

^[1]

(81)

(109)

^[2]

^[1],[3]

Government Sponsored Enterprises [Member]

^[1]

1,872

1,623

Commitments, Contingencies And Guarantees [Line Items]

^[1]

126

^[1]

142

204

^[1]

(56)

(52)

^[2]

^[1]

(65)

(87)

^[2]

^[1],[3]

Insured Securitizations [Member]

^[1]

151

126

Commitments, Contingencies And Guarantees [Line Items]

^[1]

832

366

^[1]

171

645

^[1]

(15)

(179)

^[2]

^[1]

^[2]

^[1],[3]

Uninsured Securitizations And Other Whole Loans Sales [Member]

^[1]

1,058

832

Commitments, Contingencies And Guarantees [Line Items]

^[1]

665

588

^[1]

102

104

^[1]

(14)

(5)

^[2]

^[1]

(16)

(22)

^[2]

^[1],[3]

(74)

Commitments, Contingencies And Guarantees [Abstract]

^[1]

$ 663

$ 665

[1]	The open pipeline includes all repurchase requests ever received by our subsidiaries where the requesting party has not formally rescinded the repurchase request and where our subsidiary has not agreed to either repurchase the loan at issue or make the requesting party whole with respect to its losses. Accordingly, repurchase requests denied by our subsidiaries and not pursued by the counterparty remain in the open pipeline. Moreover, repurchase requests submitted by parties without contractual standing to pursue repurchase requests are included within the open pipeline unless the requesting party has formally rescinded its repurchase request. Finally, the amounts reflected in this chart are original principal balance amounts and do not correspond to the losses our subsidiary would incur upon the repurchase of these loans.
[2]	Activity in 2010 relates to repurchase demands from all years prior.
[3]	Represents adjustments to correct the counterparty category as of September 30, 2011 for amounts that were misclassified. The reclassification had no impact on the total pending repurchase requests; however, it resulted in an increase in open claims attributable to insured securitizations and a decrease in open claims attributable to GSEs and Uninsured Securitizations & Other.

Commitments, Contingencies And Guarantees (Changes In Representation And Warranty Reserve) (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2011

Sep. 30, 2010

Sep. 30, 2011

Sep. 30, 2010

Dec. 31, 2010

Representation and warranty repurchase reserve, beginning of period

^[1]

$ 869

$ 853

$ 816

$ 238

Provision for repurchase losses

^[2]

153

644

636

Net realized losses

(49)

(33)

(77)

(46)

(58)

Representation and warranty repurchase reserve, end of period

^[1]

892

836

892

836

$ 816

Provision for mortgage repurchase claims recognized as a component of non-interest income

211

Provision for mortgage repurchase claims recognized as a component of discontinued operations

$ 75

$ 0

$ 147

$ 433

[1]

Reported in our consolidated balance sheets as a component of other liabilities.

[2]

Commitments, Contingencies And Guarantees (Allocation Of Representation And Warranty Reserve) (Details) - USD ($)
$ in Millions

9 Months Ended

Sep. 30, 2011

Jun. 30, 2011

Dec. 31, 2010

Sep. 30, 2010

Jun. 30, 2010

Dec. 31, 2009

Commitments, Contingencies And Guarantees [Line Items]

^[1]

$ 892

$ 869

$ 816

$ 836

$ 853

$ 238

GSEs And Active Insured Securitizations [Member]

^[2]

111,000

Commitments, Contingencies And Guarantees [Line Items]

771

796

Inactive Insured Securitizations, Uninsured Securitizations And Other [Member]

^[2]

24,000

Commitments, Contingencies And Guarantees [Line Items]

121

$ 20