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BUSINESS SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables present certain information regarding the Company’s segments.



For the Three-Month Period Ended	SHUSA excluding SCUSA											Non-GAAP measure⁽⁴⁾
June 30, 2014	Retail Banking		Auto Finance & Alliances		Real Estate and Commercial Banking		Global Banking & Markets		Other⁽²⁾			SCUSA⁽³⁾		SCUSA Purchase Price Adjustments		Eliminations			Total
	(dollars in thousands)
Net interest income	214,495		18,696		129,579		45,460		(10,814	)		1,083,651		108,967		—			1,590,034
Total non-interest income	83,428		34,312		23,365		15,194		29,882			314,172		161,914		(23,977	)		638,290
Provision/(release) for credit losses	11,134		1,694		(12,019	)	(4,199	)	(36,610	)		588,577		137,457		—			686,034
Total expenses	253,041		35,620		44,603		19,447		224,212			419,121		14,603		(7,418	)		1,003,229
Income/(loss) before income taxes	33,748		15,694		120,360		45,406		(168,534	)		390,125		118,821		(16,559	)		539,061

Intersegment (expense)/ revenue⁽¹⁾	61,617		(3,248	)	(76,817	)	(9,020	)	27,468			—		—		—			—
Total average assets	18,695,696		2,925,777		22,780,861		9,213,611		26,064,827			29,409,369		—		—			109,090,141



For the Six-Month Period Ended	SHUSA excluding SCUSA											Non-GAAP measure⁽⁴⁾
June 30, 2014	Retail Banking		Auto Finance & Alliances		Real Estate and Commercial Banking		Global Banking & Markets		Other⁽²⁾			SCUSA		SCUSA Purchase Price Adjustments		Eliminations			Total
	(dollars in thousands)
Net interest income	429,586		37,543		247,613		87,015		(21,292	)		2,145,853		179,957		(344,136	)		2,762,139
Total non-interest income	170,846		40,372		49,279		37,621		57,957			553,770		245,142		(83,980	)		1,071,007
Gain on change in control⁽³⁾	—		—		—		—		—			—		2,428,539		—			2,428,539
Provision/(release) for credit losses	20,344		1,690		(7,352	)	(1,761	)	(52,921	)		1,287,155		(337	)	(225,454	)		1,021,364
Total expenses	499,882		46,037		89,857		35,637		357,290			892,837		105,153		(253,083	)		1,773,610
Income/(loss) before income taxes	80,206		30,188		214,387		90,760		(267,704	)		519,631		2,748,822		50,421			3,466,711

Intersegment (expense)/ revenue⁽¹⁾	126,253		(5,418	)	(161,208	)	(18,096	)	58,469			—		—		—			—
Total average assets	18,746,035		2,638,505		22,579,026		8,828,262		26,291,936			23,864,215		—		—			102,947,979


(1)	Intersegment revenue/(expense) represents charges or credits for funds used or provided by each of the segments and is included in net interest income.


(2)	Other is not considered a segment and includes earnings from non-strategic assets, the investment portfolio, interest expense on the Bank’s borrowings and other debt obligations, amortization of intangible assets and certain unallocated corporate income and indirect expenses.


(3)	Management of SHUSA manages SCUSA by analyzing the pre-Change in Control results of SCUSA as disclosed in this column.


(4)	Purchase Price Adjustments represents the impact that SCUSA purchase marks had on the results of SCUSA included within the consolidated operations of SHUSA, while eliminations adjust for the one month that SHUSA accounted for SCUSA as an equity method investment and eliminate intercompany transactions.

NOTE 17. BUSINESS SEGMENT INFORMATION (continued)



For the Three- Month Period Ended
June 30, 2013	Retail Banking		Auto Finance & Alliances		Real Estate and Commercial Banking		Global Banking & Markets		Other⁽²⁾		Equity method investment in SCUSA			Total
	(dollars in thousands)
Net interest income	181,908		15,209		111,358		44,328		32,474		—			385,277
Total non-interest income	112,856		483		37,136		21,444		(34,436	)	116,909			254,392
Provision/(release) for credit losses	15,015		2,480		9,490		2,015		(19,000	)	—			10,000
Total expenses	214,989		1,876		42,016		13,359		134,194		—			406,434
Income/(loss) before income taxes	64,760		11,336		96,988		50,398		(117,156	)	116,909			223,235

Intersegment revenue/(expense)⁽¹⁾	21,550		(2,714	)	(95,912	)	(12,553	)	89,629		—			—
Total average assets	19,645,132		1,755,659		21,665,719		8,295,728		29,180,530		—			80,542,768



For the Six-Month Period Ended
June 30, 2013	Retail Banking		Auto Finance & Alliances		Real Estate and Commercial Banking		Global Banking & Markets		Other⁽²⁾		Equity method investment in SCUSA			Total
	(dollars in thousands)
Net interest income	366,197		30,144		219,964		85,049		79,941		—			781,295
Total non-interest income	220,456		942		64,959		46,748		35,678		305,430			674,213
Provision/(release) for credit losses	62,711		2,324		(6,555	)	7,492		(39,122	)	—			26,850
Total expenses	436,461		4,060		83,084		25,963		267,686		—			817,254
Income/(loss) before income taxes	87,481		24,702		208,394		98,342		(112,945	)	305,430			611,404

Intersegment revenue/(expense)⁽¹⁾	39,462		(5,621	)	(191,837	)	(25,213	)	183,209		—			—
Total average assets	20,130,286		1,749,950		21,611,348		8,407,450		30,548,753		—			82,447,787


(1)	Intersegment revenue/(expense) represents charges or credits for funds used or provided by each of the segments and is included in net interest income.


(2)	Other is not considered a segment and includes earnings from non-strategic assets, the investment portfolio, interest expense on the Bank’s borrowings and other debt obligations, amortization of intangible assets and certain unallocated corporate income and indirect expenses.

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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