The following table summarizes the results for each segment on an IFRSs basis, as well as provides a reconciliation of total results under IFRSs to U.S. GAAP consolidated totals.



	IFRSs Consolidated Amounts
	RBWM			CMB		GB&M			PB			Other			Adjustments/ Reconciling Items			Total			IFRSs Adjustments⁽³⁾			IFRSs Reclassi- fications⁽⁴⁾			U.S. GAAP Consolidated Totals
	(in millions)
December 31, 2013
Net interest income⁽¹⁾	$	842		$	706	$	423		$	189		$	(46	)	$	(13	)	$	2,101		$	(76	)	$	16		$	2,041
Other operating income	347			293		1,165			109			(78		)	13			1,849			22			(14		)	1,857
Total operating income	1,189			999		1,588			298			(124		)	—			3,950			(54		)	2			3,898
Loan impairment charges⁽³⁾	129			45		(4		)	5			—			—			175			—			18			193
	1,060			954		1,592			293			(124		)	—			3,775			(54		)	(16		)	3,705
Operating expenses⁽²⁾	1,206			680		1,464			254			98			—			3,702			286			(16		)	3,972
Profit before income tax expense	$	(146	)	$	274	$	128		$	39		$	(222	)	$	—		$	73		$	(340	)	$	—		$	(267	)
Balances at end of period:
Total assets	$	19,267		$	23,427	$	180,559		$	8,340		$	766		$	—		$	232,359		$	(49,879	)	$	3,007		$	185,487
Total loans, net	16,233			22,254		20,454			6,206			—			—			65,147			1,503			439			67,089
Goodwill	581			358		—			325			—			—			1,264			348			—			1,612
Total deposits	30,220			21,601		46,152			12,036			—			—			110,009			(3,869		)	6,468			112,608
December 31, 2012
Net interest income⁽¹⁾	$	854		$	673	$	606		$	184		$	(43	)	$	(15	)	$	2,259		$	(123	)	$	22		$	2,158
Other operating income	555			539		916			106			(269		)	15			1,862			43			68			1,973
Total operating income	1,409			1,212		1,522			290			(312		)	—			4,121			(80		)	90			4,131
Loan impairment charges⁽³⁾	204			4		(1		)	(3		)	—			—			204			73			16			293
	1,205			1,208		1,523			293			(312		)	—			3,917			(153		)	74			3,838
Operating expenses⁽²⁾	1,301			631		997			232			1,465			—			4,626			48			74			4,748
Profit before income tax expense	$	(96	)	$	577	$	526		$	61		$	(1,777	)	$	—		$	(709	)	$	(201	)	$	—		$	(910	)
Balances at end of period:
Total assets	$	22,789		$	23,585	$	203,680		$	8,208		$	633		$	—		$	258,895		$	(67,543	)	$	94		$	191,446
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		$	728	$	504		$	180		$	(100	)	$	(23	)	$	2,312		$	(41	)	$	163		$	2,434
Other operating income	409			322		969			184			493			23			2,400			(20		)	(55		)	2,325
Total operating income	1,432			1,050		1,473			364			393			—			4,712			(61		)	108			4,759
Loan impairment charges⁽³⁾	247			6		5			(30		)	—			—			228			(3		)	33			258
	1,185			1,044		1,468			394			393			—			4,484			(58		)	75			4,501
Operating expenses⁽²⁾	1,653			652		986			261			68			—			3,620			124			75			3,819
Profit before income tax expense	$	(468	)	$	392	$	482		$	133		$	325		$	—		$	864		$	(182	)	$	—		$	682
Balances at end of period:
Total assets	$	28,017		$	21,148	$	210,846		$	6,525		$	613		$	—		$	267,149		$	(80,526	)	$	(115	)	$	186,508
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

⁽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⁾	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, 2013
Unquoted equity securities	$	—		$	—		$	—		$	—		$	—		$	(163	)
Reclassification of financial assets	(14		)	40			—			—			26			11
Securities	—			(1		)	—			(2		)	1			(24		)
Derivatives	—			(3		)	—			—			(3		)	(49,876		)
Loan impairment	(57		)	1			(11		)	1			(46		)	(94		)
Property	—			—			—			(17		)	17			37
Pension costs	—			—			—			24			(24		)	(154		)
Servicing assets	—			6			—			—			6			8
Interest recognition	2			—			—			—			2			(3		)
Goodwill impairment	—			—			—			135			(135		)	348
Low Income Housing Tax Credit	—			(30		)	—			85			(115		)	—
Other	(7		)	10			11			60			(68		)	31
Total	$	(76	)	$	23		$	—		$	286		$	(339	)	$	(49,879	)
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		)
Servicing assets	—			(1		)	—			—			(1		)	4
Interest recognition	(2		)	—			—			—			(2		)	(4		)
Sale of Cards and Retail Services business	—			(92		)	—			—			(92		)	—
Low Income Housing Tax Credit	—			(29		)	—			84			(113		)	—
Other	(10		)	(30		)	—			(13		)	(27		)	519
Total	$	(123	)	$	43		$	73		$	48		$	(201	)	$	(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		)
Low Income Housing Tax Credit	—			(26		)	—			87			(113		)	—
Other	11			(6		)	1			24			(20		)	(623		)
Total	$	(41	)	$	(20	)	$	(3	)	$	125		$	(183	)	$	(81,772	)


⁽⁴⁾	Represents differences in financial statement presentation between IFRSs and U.S. GAAP.