View Filing Data

VARIABLE INTEREST ENTITIES AND SECURITIZATIONS

9 Months Ended

Sep. 30, 2010

Notes to Financial Statements [Abstract]

Variable Interest Entities and Securitizations

NOTE 5—VARIABLE INTEREST ENTITIES AND SECURITIZATIONS

In the normal course of business, we are involved with various entities that are considered to be VIEs. A VIE is an entity that has either a total equity investment that is insufficient to permit the entity to finance its activities without additional subordinated financial support or whose equity investors lack the characteristics of a controlling financial interest. In accordance with existing accounting guidance, we are required to consolidate any VIE of which we are determined to be the primary beneficiary. The primary beneficiary is the entity that has (i) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and (ii) the obligation to absorb losses of the entity that could potentially be significant to the VIE or the right to receive benefits from the entity that could potentially be significant to the VIE. We review all significant interests in the VIEs we are involved with including the amounts and types of financial and other support inc luding equity investments, debt financing and guarantees. We also consider the activities of the VIEs that most significantly impact the VIEs economic performance and whether we have control over those activities. We assess whether or not we are the primary beneficiary of a VIE on an on-going basis. To provide the necessary disclosures, we aggregate similar VIEs based on the nature and purpose of the entities.

The following table presents the carrying amount of assets and liabilities of those VIEs for which we are the primary beneficiary and the carrying amount of assets and liabilities and maximum exposure to loss of those VIEs of which we are not the primary beneficiary, but hold a variable interest. 0; Securitization related VIEs are only displayed for the period ending September 30, 2010 as transactions prior to January 1, 2010 were conducted through QSPEs or accounted for as secured borrowings and thus were not subject to VIE accounting.

Consolidated

Non-consolidated

(Dollars in millions)

Carrying Amount of Assets

Carrying Amount of Liabilities

CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2010	Sep. 30, 2009	Sep. 30, 2010	Sep. 30, 2009
Income Statement [Abstract]
Total OTTI losses	$ 39	$ 68	$ 102	$ 227
Other-than-temporary impairment not recognized in earnings on securities, net of taxes	$ 34	$ 57	$ 40	$ 205

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Sep. 30, 2010	Dec. 31, 2009
Assets:
Cash and due from banks	$ 2,015	$ 3,100
Interest-bearing deposits with banks	2,391	5,043
Federal funds sold and repurchase agreements	536	542
Cash and cash equivalents	4,942	8,685
Restricted cash for securitization investors	2,686	501
Investment in securities:
Available for sale, at fair value	39,926	38,830
Held to maturity, at amortized cost	0	80
Total investment in securities	39,926	38,910
Loan held for investment:
Unsecuritized loans held for investment, at amortized cost	74,719	75,097
Restricted loans for securitization investors	51,615	15,522
Total loans	126,334	90,619
Less: Allowance for loan and lease losses	(6,175)	(4,127)
Net loans held for investment	120,159	86,492
Loans held for sale, at lower-of-cost-or-fair value	197	268
Accounts receivable from securitizations	127	7,128
Premises and equipment, net	2,722	2,736
Interest receivable	1,025	936
Goodwill	13,593	13,596
Other	11,556	10,394
Total assets	196,933	169,646
Liabilities:
Interest payable	464	509
Customer deposits	119,212	115,809
Securitized debt obligations	29,504	3,954
Other debt:
Federal funds purchased and securities loaned or sold under agreements to repurchase	947	1,140
Senior and subordinated notes	9,083	9,045
Other borrowings	4,799	6,875
Total other debt	14,829	17,060
Other liabilities	6,863	5,725
Total liabilities	170,872	143,057
Stockholders' Equity:
Common stock, par value $.01 per share; authorized 1,000,000,000 shares; 504,658,282 and 502,394,396 issued as of September 30, 2010 and December 31, 2009, respectively	5	5
Paid-in capital, net	19,059	18,955
Retained earnings	9,730	10,726
Accumulated other comprehensive income	469	83
Less: Treasury stock, at cost; 47,773,195 and 47,224,200 shares as of September 30, 2010 and December 31, 2009 respectively	(3,202)	(3,180)
Total stockholders' equity	26,061	26,589
Total liabilities and stockholders' equity	$ 196,933	$ 169,646

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2010	Dec. 31, 2009
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	504,658,282	502,394,396
Treasury stock, at cost shares	47,773,195	47,224,200

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2010	Sep. 30, 2009	Sep. 30, 2010	Sep. 30, 2009
Statement [Line Items]
Balance			$ 26,589	$ 26,612
Cumulative effect from January 1, 2010 adoption of new consolidation accounting standards			(2,973)
Cumulative effect from July 1, 2010 adoption of new embedded credit derivatives accounting standard			(16)
Comprehensive income:
Net income	$ 803	$ 394	2,046	508
Other comprehensive income (loss), net of income tax:
Unrealized gains on securities, net of taxes			355	1,026
Other-than-temporary impairment not recognized in earnings on securities, net of taxes	(34)	(57)	(40)	(205)
Defined benefit pension plans			(1)	(3)
Foreign currency translation adjustments			(9)	178
Unrealized gains in cash flow hedging instruments, net of taxes			17	77
Other comprehensive income			402	1,278
Comprehensive income			2,448	1,786
Cash dividends-Common stock			(69)	(191)
Cash dividends-Preferred stock				(105)
Purchase of treasury stock			(22)	(6)
Issuances of common stock and restricted stock, net of forfeitures			22	1,529
Exercise of stock options and tax benefits of exercises and restricted stock vesting			6	1
Accretion of preferred stock discount				0
Redemption of preferred stock				(3,555)
Compensation expense for restricted stock awards and stock options			76	89
Issuance of common stock for acquisition				31
Allocation of ESOP shares				1
Balance	26,061	26,192	26,061	26,192
Common Stock [Member]
Statement [Line Items]
Balance			$ 5	$ 4
Balance - shares			502,394,396	438,434,235
Other comprehensive income (loss), net of income tax:
Issuances of common stock and restricted stock, net of forfeitures				$ 1
Issuances of common stock and restricted stock, net of forfeitures - shares			1,727,412	61,009,827
Exercise of stock options and tax benefits of exercises and restricted stock vesting				$ 0
Exercise of stock options and tax benefits of exercises and restricted stock vesting - shares			536,474	92,917
Issuance of common stock for acquisition				$ 0
Issuance of common stock for acquisition - shares				2,560,601
Balance	$ 5	$ 5	$ 5	$ 5
Balance - shares	504,658,282	502,097,500	504,658,282	502,097,500
Preferred Stock [Member]
Statement [Line Items]
Balance			$ 0	$ 3,096
Other comprehensive income (loss), net of income tax:
Cash dividends-Preferred stock				(23)
Accretion of preferred stock discount				34
Redemption of preferred stock				(3,107)
Balance	$ 0	$ 0	0	0
Paid-in Capital, Net [Member]
Statement [Line Items]
Balance			18,955	17,278
Other comprehensive income (loss), net of income tax:
Issuances of common stock and restricted stock, net of forfeitures			22	1,528
Exercise of stock options and tax benefits of exercises and restricted stock vesting			6	1
Compensation expense for restricted stock awards and stock options			76	89
Issuance of common stock for acquisition				31
Allocation of ESOP shares				1
Balance	19,059	18,928	19,059	18,928
Retained Earnings [Member]
Statement [Line Items]
Balance			10,726	10,621
Cumulative effect from January 1, 2010 adoption of new consolidation accounting standards			(2,957)
Cumulative effect from July 1, 2010 adoption of new embedded credit derivatives accounting standard			(16)
Comprehensive income:
Net income			2,046	508
Other comprehensive income (loss), net of income tax:
Cash dividends-Common stock			(69)	(191)
Cash dividends-Preferred stock				(82)
Accretion of preferred stock discount				(34)
Redemption of preferred stock				(448)
Balance	9,730	10,374	9,730	10,374
Accumulated Other Comprehensive Income [Member]
Statement [Line Items]
Balance			83	(1,221)
Cumulative effect from January 1, 2010 adoption of new consolidation accounting standards			(16)
Other comprehensive income (loss), net of income tax:
Unrealized gains on securities, net of taxes			355	1,026
Other-than-temporary impairment not recognized in earnings on securities, net of taxes			40
Defined benefit pension plans			(1)	(3)
Foreign currency translation adjustments			(9)	178
Unrealized gains in cash flow hedging instruments, net of taxes			17	77
Other comprehensive income			402	1,278
Balance	469	57	469	57
Treasury Stock [Member]
Statement [Line Items]
Balance			(3,180)	(3,166)
Other comprehensive income (loss), net of income tax:
Purchase of treasury stock			(22)	(6)
Balance	$ (3,202)	$ (3,172)	$ (3,202)	$ (3,172)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2010	Sep. 30, 2009
Statement of Stockholders' Equity [Abstract]
Unrealized gains (losses) on securities, income taxes (benefits)	$ 178	$ 544
Other-than-temporary impairment not recognized in earnings on securities, income taxes (benefits)	24	0
Unrealized gains in cash flow hedging instruments, net of income taxes (benefit)	$ 9	$ 52
Common stock per share dividend	$ 0.15	$ 0.48
Preferred stock per annum (in hundredths)		0.05

DISCONTINUED OPERATIONS	9 Months Ended
DISCONTINUED OPERATIONS	Sep. 30, 2010
Notes to Financial Statements [Abstract]
DISCONTINUED OPERATIONS	divtable style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman" cellspacing="0" cellpadding="0" width="100%"trtd style="BORDER-TOP: black 2px solid; BORDER-BOTTOM: black 2px solid" valign="top" align="left" width="34%"div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"a id="note2" name="note2"NO/aTE 2#8212;DISCONTINUED OPERATIONS/font/div/td/tr/table/divdiv style="DISPLAY: block; TEXT-INDENT: 0pt"br //divdiv style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"Shutdown of Mortgage Origination Opera tions of Wholesale Mortgage Banking Unit/font/divdiv style="DISPLAY: block; TEXT-INDENT: 0pt"br //divdiv style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"In the third quarter of 2007, we closed the mortgage origination operations for GreenPoint and its wholesale mortgage banking unit, GreenPoint Mortgage Funding, Inc. (#8220;GreenPoint#8221;). GreenPoint was acquired by us in December 2006 as part of the North Fork acquisition. The results of the mortgage origination operations of GreenPoint have been accounted for as a discontinued operation and have been removed from the results of continuing operations for the three months and nine months ended September 30, 2010 and 2009. We have no significant continuing involvement in the operations of the originate and sell business of GreenPoint./font/divdiv style="DIS PLAY: block; TEXT-INDENT: 0pt"br //divdiv style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"The loss from discontinued operations includes an expense of zero and $433 million, for the three months and nine months ended September 30, 2010, respectively, and an expense of $83 million and $109 million, for the three months and nine months ended September 30, 2009, respectively, recorded in non-interest expense, primarily for representations and warranties provided on loans previously sold to third parties by GreenPoint#8217;s mortgage origination operation./font/divdiv style="DISPLAY: block; TEXT-INDENT: 0pt"br //divdiv style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"The following is summ arized financial information for discontinued operations related to the closure of our wholesale mortgage banking unit:/font/divdiv style="DISPLAY: block; TEXT-INDENT: 0pt"br //divdiv align="left"table style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman" cellspacing="0" cellpadding="0" width="100%"trtd style="PADDING-BOTTOM: 2px" valign="bottom"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160; /font/tdtd style="PADDING-BOTTOM: 2px" valign="bottom"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="6"div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"Three Months Ended /font/divdiv style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"September 30,/font/div/tdtd style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="PADDING-BOTTOM: 2px" valign="bottom"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="6"div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"Nine Months Ended /font/div div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"September 30,/font/div/tdtd style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/td/trtrtd style="BORDER-BOTTOM: black 2px solid" valign="bottom" align="left"div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"(Dollars in millions)/font/div/tdtd style="PADDING-BOTTOM: 2px" valign="bottom"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font lt;/tdtd style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"2010/font/div/tdtd style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="PADDING-BOTTOM: 2px" valign="bottom"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new rom an"2009/font/div/tdtd style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="PADDING-BOTTOM: 2px" valign="bottom"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"2010/font/div/tdtd style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="P ADDING-BOTTOM: 2px" valign="bottom"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"2009/font/div/tdtd style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/td/trtr bgcolor="#cceeff"td valign="bottom" align="left" width="52%"div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"Net interest income (expe nse)/font/div/tdtd valign="bottom" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="TEXT-ALIGN: left" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"$/font/tdtd style="TEXT-ALIGN: right" valign="bottom" width="9%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"0/font/tdtd style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd valign="bottom" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="TEXT-ALIGN: left" valign="bottom" width="1%" lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"$/font/tdtd style="TEXT-ALIGN: right" valign="bottom" width="9%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"0/font/tdtd style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd valign="bottom" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="TEXT-ALIGN: left" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"$/font/tdtd style="TEXT-ALIGN: right" valign="bottom" width="9%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"(1/font/td gt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman")/font/tdtd valign="bottom" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="TEXT-ALIGN: left" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"$/font/tdtd style="TEXT-ALIGN: right" valign="bottom" width="9%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"(1/font/tdtd style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman")/font/td/trtr bgcolor="white"td valign="bottom" align="left" width="52%"div style="DISPLAY: block; MARGIN-LEFT: 9 pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"Non-interest income (expense)/font/div/tdtd valign="bottom" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="TEXT-ALIGN: left" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="TEXT-ALIGN: right" valign="bottom" width="9%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"(23 /font/tdtd style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman")/font/tdtd valign="bottom" width="1%"font st yle="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="TEXT-ALIGN: left" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="TEXT-ALIGN: right" valign="bottom" width="9%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"(67 /font/tdtd style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman")/font/tdtd valign="bottom" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="TEXT-ALIGN: left" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="TEXT-ALIGN: right" valign="bottom" width="9%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"(468 /font/tdtd style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman")/font/tdtd valign="bottom" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="TEXT-ALIGN: left" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="TEXT-ALIGN: right" valign="bottom" width="9%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"(115 /font/tdtd style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"font style="DISPLAY: inline; FONT-SIZE: 1 0pt; FONT-FAMILY: times new roman")/font/td/trtr bgcolor="#cceeff"td style="PADDING-BOTTOM: 2px" valign="bottom" align="left" width="52%"div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"Income tax benefit/font/div/tdtd style="PADDING-BOTTOM: 2px" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="9%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FA MILY: times new roman"(8 /font/tdtd style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman")/font/tdtd style="PADDING-BOTTOM: 2px" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="9%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"(24 /font/tdtd style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10 pt; FONT-FAMILY: times new roman")/font/tdtd style="PADDING-BOTTOM: 2px" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="9%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"(166 /font/tdtd style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman")/font/tdtd style="PADDING-BOTTOM: 2px" valign="bottom" width="1%"font styl e="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="9%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"(41 /font/tdtd style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman")/font/td/trtr bgcolor="white"td style="PADDING-BOTTOM: 4px" valign="bottom" align="left" width="52%"div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -18pt; MARGIN-RIGHT: 0pt" align="left"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new r oman"Loss from discontinued operations, net of taxes/font/div/tdtd style="PADDING-BOTTOM: 4px" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"$/font/tdtd style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"(15/font/tdtd style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman")/font/tdtd style="PADDING-BOTTOM: 4px" valign="bottom" width= "1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"$/font/tdtd style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"(43/font/tdtd style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman")/font/tdtd style="PADDING-BOTTOM: 4px" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"$/font/tdtd style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"(303/font/tdtd style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman")/font/tdtd style="PADDING-BOTTOM: 4px" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"#160;/font/tdtd style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"$/font/tdtd style="BORDER-BOTTOM: black 4px double ; TEXT-ALIGN: right" valign="bottom" width="9%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"(75/font/tdtd style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman")/font/td/tr/table/divdiv style="DISPLAY: block; TEXT-INDENT: 0pt"br //divdiv style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"The mortgage origination operations of our wholesale mortgage banking unit had assets of $5 million and $24 million as of September 30, 2010 and December 31, 2009, respectively, consisting of mortgage loans held for sale and other related assets and liabilities of $597 million and $229 million as of September 30, 2010 and December 31, 2009 consisting prim arily of obligations for representations and warranties that we provided on loans previously sold to third parties./font/div