Results for each segment on an IFRSs basis, as well as a reconciliation of total results under IFRSs to U.S. GAAP consolidated totals, are provided in the following tables.



	IFRS Consolidated Amounts
	RBWM			CMB		GBM			PB			Other			Adjustments/ Reconciling Items			Total			IFRS Adjustments⁽⁴⁾			IFRS Reclassi- fications⁽⁵⁾			U.S. GAAP Consolidated Totals
	(in millions)
December 31, 2012
Net interest income⁽¹⁾	$	854		$	657	$	606		$	184		$	(27	)	$	(15	)	$	2,259		$	(123	)	$	22		$	2,158
Other operating income	555			683		916			106			(442		)	15			1,833			72			17			1,922
Total operating income	1,409			1,340		1,522			290			(469		)	—			4,092			(51		)	39			4,080
Loan impairment charges⁽³⁾	204			4		(1		)	(3		)	—			—			204			73			16			293
	1,205			1,336		1,523			293			(469		)	—			3,888			(124		)	23			3,787
Operating expenses⁽²⁾	1,301			716		997			232			1,464			—			4,710			(36		)	23			4,697
Profit before income tax expense	$	(96	)	$	620	$	526		$	61		$	(1,933	)	$	—		$	(822	)	$	(88	)	$	—		$	(910	)
Balances at end of period:
Total assets	$	22,789		$	24,127	$	208,801		$	8,208		$	91		$	—		$	264,016		$	(67,543	)	$	94		$	196,567
Total loans, net	16,422			19,754		20,679			5,707			—			—			62,562			3,495			(3,446		)	62,611
Goodwill	581			358		480			325			—			—			1,744			484			—			2,228
Total deposits	35,406			21,759		43,951			12,141			—			—			113,257			(5,122		)	9,536			117,671
December 31, 2011
Net interest income⁽¹⁾	$	1,023		$	711	$	504		$	180		$	(83	)	$	(23	)	$	2,312		$	(41	)	$	163		$	2,434
Other operating income	409			453		969			184			336			23			2,374			6			(114		)	2,266
Total operating income	1,432			1,164		1,473			364			253			—			4,686			(35		)	49			4,700
Loan impairment charges⁽³⁾	247			6		5			(30		)	—			—			228			(3		)	33			258
	1,185			1,158		1,468			394			253			—			4,458			(32		)	16			4,442
Operating expenses⁽²⁾	1,653			741		986			261			65			—			3,706			38			16			3,760
Profit before income tax expense	$	(468	)	$	417	$	482		$	133		$	188		$	—		$	752		$	(70	)	$	—		$	682
Balances at end of period:
Total assets	$	28,017		$	21,669	$	213,164		$	6,525		$	92		$	—		$	269,467		$	(80,526	)	$	(115	)	$	188,826
Total loans, net	16,233			16,782		21,390			4,716			—			—			59,121			(4,636		)	(3,361		)	51,124
Goodwill	581			358		480			325			—			—			1,744			484			—			2,228
Total deposits	36,837			21,799		45,061			13,169			—			—			116,866			(4,788		)	27,651			139,729
December 31, 2010
Net interest income⁽¹⁾	$	1,077		$	704	$	638		$	184		$	(11	)	$	(30	)	$	2,562		$	(110	)	$	161		$	2,613
Other operating income	277			455		1,010			132			193			30			2,097			82			1			2,180
Total operating income	1,354			1,159		1,648			316			182			—			4,659			(28		)	162			4,793
Loan impairment charges⁽³⁾	77			115		(180		)	(38		)	—			—			(26		)	30			30			34
	1,277			1,044		1,828			354			182			—			4,685			(58		)	132			4,759
Operating expenses⁽²⁾	1,371			681		724			242			70			—			3,088			94			132			3,314
Profit before income tax expense	$	(94	)	$	363	$	1,104		$	112		$	112		$	—		$	1,597		$	(152	)	$	—		$	1,445
Balances at end of period:
Total assets	$	22,289		$	16,470	$	177,150		$	5,380		$	24		$	—		$	221,313		$	(60,049	)	$	(90	)	$	161,174
Total loans, net	17,474			14,530		25,443			4,683			—			—			62,130			(1,695		)	(11,478		)	48,957
Goodwill	876			368		480			326			—			—			2,050			576			—			2,626
Total deposits	48,385			24,481		33,511			11,337			—			—			117,714			(3,725		)	6,629			120,618

⁽¹⁾

Net interest income of each segment represents the difference between actual interest earned on assets and interest paid on liabilities of the segment adjusted for a funding charge or credit. Segments are charged a cost to fund assets (e.g. customer loans) and receive a funding credit for funds provided (e.g. customer deposits) based on equivalent market rates. The objective of these charges/credits is to transfer interest rate risk from the segments to one centralized unit in Treasury and more appropriately reflect the profitability of segments.


⁽²⁾	Expenses for the segments include fully apportioned corporate overhead expenses.


⁽³⁾	The provision assigned to the segments is based on the segments’ net charge offs and the change in allowance for credit losses.


⁽⁴⁾	Represents adjustments associated with differences between IFRSs and U.S. GAAP bases of accounting. These adjustments, which are more fully described above, consist of the following:



	Net Interest Income			Other Revenues			Provision for Credit Losses			Operating Expenses			(Loss) Income before Income Tax Expense			Total Assets
	(in millions)
December 31, 2012
Unquoted equity securities	$	—		$	—		$	—		$	—		$	—		$	(108	)
Reclassification of financial assets	(64		)	181			—			—			117			(4		)
Securities	—			—			—			(13		)	13			(27		)
Derivatives	(4		)	(5		)	—			—			(9		)	(67,762		)
Loan impairment	(34		)	3			73			—			(104		)	(66		)
Property	(9		)	16			—			(21		)	28			42
Pension costs	—			—			—			11			(11		)	(137		)
Purchased loan portfolios	—			—			—			—			—			—
Servicing assets	—			(1		)	—			—			(1		)	4
Interest recognition	(2		)	—			—			—			(2		)	(4		)
Sale of Cards and Retail Services business	—			(92		)	—			—			(92		)	—
Other	(10		)	(30		)	—			(13		)	(27		)	519
Total	$	(123	)	$	72		$	73		$	(36	)	$	(88	)	$	(67,543	)
December 31, 2011
Unquoted equity securities	$	—		$	—		$	—		$	—		$	—		$	(71	)
Reclassification of financial assets	(37		)	37			—			—			—			187
Securities	—			(18		)	—			(7		)	(11		)	(9		)
Derivatives	(4		)	(7		)	—			—			(11		)	(81,262		)
Loan impairment	(8		)	—			(4		)	—			(4		)	(28		)
Property	(5		)	—			—			(27		)	22			164
Pension costs	—			—			—			48			(48		)	(134		)
Purchased loan portfolios	—			—			—			—			—			3
Servicing assets	—			—			—			—			—			4
Interest recognition	2			—			—			—			2			(3		)
Sale of Cards and Retail Services business	—			—			—			—			—			—
Other	11			(5		)	1			25			(20		)	(623		)
Total	$	(41	)	$	7		$	(3	)	$	39		$	(70	)	$	(81,772	)
December 31, 2010
Unquoted equity securities	$	—		$	—		$	—		$	—		$	—		$	(73	)
Reclassification of financial assets	(148		)	320			19			—			153			187
Securities	—			(103		)	10			—			(113		)	(78		)
Derivatives	(5		)	(7		)	—			2			(14		)	(63,005		)
Loan impairment	(4		)	—			—			(1		)	(3		)	5
Property	(4		)	(56		)	—			(17		)	(43		)	199
Pension costs	—			—			—			120			(120		)	(120		)
Purchased loan portfolios	46			5			35			(1		)	17			18
Servicing assets	—			—			—			1			(1		)	8
Return of capital	—			3			—			—			3			—
Interest recognition	(5		)	—			—			—			(5		)	(6		)
Gain on sale of auto finance loans	—			(38		)	—			—			(38		)	—
Other	10			(42		)	(34		)	(10		)	12			2,816
Total	$	(110	)	$	82		$	30		$	94		$	(152	)	$	(60,049	)


⁽⁵⁾	Represents differences in financial statement presentation between IFRSs and U.S. GAAP.