Intangible Assets

6 Months Ended

Jun. 30, 2011

Intangible Assets [Abstract]

Intangible Assets

Note 9: Intangible Assets

The gross carrying value of intangible assets and accumulated amortization was:

	June 30, 2011							December 31, 2010
	Gross					Net		Gross					Net
	carrying		Accumulated			carrying		carrying		Accumulated			carrying
(in millions)	value		amortization			value		value		amortization			value
Amortized intangible assets (1):
MSRs (2)	$	2,261		(839	)		1,422		2,131		(712	)		1,419
Core deposit intangibles		15,079		(6,980	)		8,099		15,133		(6,229	)		8,904
Customer relationship and other intangibles		3,078		(1,376	)		1,702		3,077		(1,230	)		1,847
Total amortized intangible assets	$	20,418		(9,195	)		11,223		20,341		(8,171	)		12,170
MSRs (carried at fair value) (2)	$	14,778					14,778		14,467					14,467
Goodwill		24,776					24,776		24,770					24,770
Trademark		14					14		14					14

(1)	Excludes fully amortized intangible assets.
(2)	See Note 8 for additional information on MSRs.

     We based our projections of amortization expense shown below on existing asset balances at June 30, 2011. Future amortization expense may vary from these projections.

     The following table provides the current year and estimated future amortization expense for amortized intangible assets.

					Customer
			Core		relationship
	Amortized		deposit		and other
(in millions)	MSRs		intangibles		intangibles		Total
Six months ended June 30, 2011 (actual)	$	127		806		146		1,079
Estimate for the remainder of 2011	$	127		787		142		1,056
Estimate for year ended December 31,
2012		235		1,396		270		1,901
2013		197		1,241		250		1,688
2014		169		1,113		234		1,516
2015		152		1,022		212		1,386
2016		116		919		202		1,237

     For our goodwill impairment analysis, we allocate all of the goodwill to the individual operating segments. We identify reporting units that are one level below an operating segment (referred to as a component), and distinguish these reporting units based on how the segments and components are managed, taking into consideration the economic characteristics, nature of the products and customers of the components. We allocate goodwill to reporting units based on relative fair value, using certain performance metrics. See Note 17 for further information on management reporting.

     The following table shows the allocation of goodwill to our operating segments for purposes of goodwill impairment testing.

						Wealth,
	Community		Wholesale			Brokerage and		Consolidated
(in millions)	Banking		Banking			Retirement		Company
December 31, 2009	$	17,974		6,465			373		24,812
Goodwill from business combinations		-		8			-		8
June 30, 2010	$	17,974		6,473			373		24,820
December 31, 2010	$	17,922		6,475			373		24,770
Reduction in goodwill related to divested businesses		-		(6	)		-		(6	)
Goodwill from business combinations		-		12			-		12
June 30, 2011	$	17,922		6,481			373		24,776