Consolidated Balance Sheets (Unaudited) (USD $) In Millions, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Assets
Cash and due from banks	$ 1,396	$ 1,419
Interest bearing deposits in banks (includes $8 at June 30, 2012 and December 31, 2011 related to consolidated variable interest entities (VIEs))	1,479	2,764
Federal funds sold and securities purchased under resale agreements	46	12
Total cash and cash equivalents	2,921	4,195
Trading account assets (includes $34 at June 30, 2012 and $14 at December 31, 2011 of assets pledged as collateral)	1,237	1,135
Securities available for sale	20,545	22,833
Securities held to maturity (Fair value: June 30, 2012, $2,536; December 31, 2011, $1,429)	2,345	1,273
Loans held for investment:
Loans, excluding Federal Deposit Insurance Corporation (FDIC) covered loans	53,593	52,591
FDIC covered loans	698	949
Total loans held for investment	54,291	53,540
Allowance for loan losses	(656)	(764)
Loans held for investment, net	53,635	52,776
Premises and equipment, net	649	684
Intangible assets	318	360
Goodwill	2,457	2,457
FDIC indemnification asset	449	598
Other assets (includes $331 at June 30, 2012 and $286 at December 31, 2011 related to consolidated VIEs)	3,383	3,365
Total assets	87,939	89,676
Deposits:
Noninterest bearing	20,777	20,598
Interest bearing	42,666	43,822
Total deposits	63,443	64,420
Commercial paper and other short-term borrowings	3,035	3,683
Long-term debt (includes $8 at June 30, 2012 and December 31, 2011 related to consolidated VIEs)	6,444	6,684
Trading account liabilities	976	1,040
Other liabilities (includes $1 at June 30, 2012 and December 31, 2011 related to consolidated VIEs)	1,712	2,019
Total liabilities	75,610	77,846
Commitments, contingencies and guarantees - See Note 11
Preferred Stock
Authorized 5,000,000 shares; no shares issued or outstanding
Common stock, par value $1 per share:
Authorized 300,000,000 shares, 136,330,830 shares issued and outstanding as of June 30, 2012 and December 31, 2011	136	136
Additional paid-in capital	5,985	5,989
Retained earnings	6,628	6,246
Accumulated other comprehensive loss	(673)	(809)
Total UNBC stockholder's equity	12,076	11,562
Noncontrolling interests	253	268
Total equity	12,329	11,830
Total liabilities and equity	$ 87,939	$ 89,676

Loans acquired in a transfer, including business combinations, where there is evidence of credit deterioration since origination and it is probable at the date of acquisition that the Company will not collect all contractually required principal and interest payments are accounted for under accounting guidance for purchased credit-impaired loans. This guidance provides that the excess of the cash flows initially expected to be collected over the fair value of the loans at the acquisition date (i.e., the acceptable yield) is accreted into interest income over the estimated remaining life of the purchased credit-impaired loans using the effective yield method, provided that the timing and amount of future cash flows is reasonably estimable. Other acquired loans are recorded at fair value at acquisition date, factoring in credit losses expected to be incurred over the life of the loan. Accordingly, an allowance for loan losses is not carried over or recorded for other acquired loans as of the acquisition date. The difference between the acquisition date fair value and the expected cash flows is accreted to interest income over the remaining life of the other acquired loans when they are performing or upon prepayment.

No definition available.