Noninterest Expense

6 Months Ended

Jun. 30, 2011

Noninterest Expense [Abstract]

NONINTEREST EXPENSE

NONINTEREST EXPENSE

The following table presents the components of noninterest expense.

	Three months ended June 30,				Six months ended June 30,
(in millions)	2011		2010		2011		2010
Compensation expense(a)	$	7,569	$	7,616	$	15,832	$	14,892
Noncompensation expense:
Occupancy expense	935		883		1,913		1,752
Technology, communications and equipment expense	1,217		1,165		2,417		2,302
Professional and outside services	1,866		1,685		3,601		3,260
Marketing	744		628		1,403		1,211
Other expense(b)(c)	4,299		2,419		7,242		6,860
Amortization of intangibles	212		235		429		478
Total noncompensation expense	9,273		7,015		17,005		15,863
Total noninterest expense	$	16,842	$	14,631	$	32,837	$	30,755

(a) The three and six months ended June 30, 2010, includes a payroll tax expense related to the United Kingdom (“U.K.”) Bank Payroll Tax on certain compensation awarded from December 9, 2009, to April 5, 2010, to relevant banking employees.

(b) Included litigation expense of $1.9 billion and $3.0 billion for the three and six months ended June 30, 2011, respectively, compared with $792 million and $3.7 billion for the three and six months ended June 30, 2010, respectively.

(c) Included foreclosed property expense of $174 million and $384 million for the three and six months ended June 30, 2011, respectively, compared with $244 million and $547 million for the three and six months ended June 30, 2010, respectively.