NONCONTROLLING INTERESTS (Tables)

9 Months Ended

Sep. 30, 2012

NONCONTROLLING INTERESTS

Rollforward of non-controlling interests

	Redeemable Noncontrolling interests
										Non-redeemable Noncontrolling interests
	Held by Department of Treasury
(in millions)				Other			Total			Held by FRBNY			Other			Total
Nine Months Ended September 30, 2012
Balance, beginning of year	$	8,427		$	96		$	8,523		$	–		$	855		$	855
Repayment to Department of the Treasury		(8,635	)		–			(8,635	)		–			–			–
Net contributions (distributions)		–			59			59			–			(117	)		(117	)
Consolidation (deconsolidation)		–			(5	)		(5	)		–			–			–
Comprehensive income:
Net income		208			5			213			–			40			40
Other comprehensive income (loss), net of tax:
Unrealized gains on investments		–			4			4			–			3			3
Foreign currency translation adjustments		–			–			–			–			(7	)		(7	)
Total other comprehensive income (loss), net of tax		–			4			4			–			(4	)		(4	)
Total comprehensive income		208			9			217			–			36			36
Other		–			–			–			–			(26	)		(26	)
Balance, end of period	$	–		$	159		$	159		$	–		$	748		$	748
Nine Months Ended September 30, 2011
Balance, beginning of year	$	–		$	434		$	434		$	26,358		$	1,562		$	27,920
Repurchase of SPV preferred interests in connection with Recapitalization		–			–			–			(26,432	)		–			(26,432	)
Exchange of consideration for preferred stock in
connection with Recapitalization		20,292			–			20,292			–			–			–
Repayment to Department of the Treasury		(11,453	)		–			(11,453	)		–			–			–
Net distributions		–			(16	)		(16	)		–			(34	)		(34	)
Deconsolidation		–			(309	)		(309	)		–			(123	)		(123	)
Acquisition of noncontrolling interest		–			–			–			–			(487	)		(487	)
Comprehensive income (loss):
Net income (loss)		464			(4	)		460			74			51			125
Other comprehensive income (loss), net of tax:
Unrealized losses on investments		–			–			–			–			(157	)		(157	)
Foreign currency translation adjustments		–			–			–			–			4			4
Total other comprehensive income (loss), net of tax		–			–			–			–			(153	)		(153	)
Total comprehensive income (loss)		464			(4	)		460			74			(102	)		(28	)
Other		–			–			–			–			(45	)		(45	)
Balance, end of period	$	9,303		$	105		$	9,408		$	–		$	771		$	771