Mortgage Servicing Asset (Tables)

9 Months Ended

Sep. 30, 2012

Changes in Carrying Amount of Mortgage Servicing Assets

Changes in the carrying amount of mortgage servicing assets are summarized as follows:


	Nine months ended September 30,
in millions	2012		2011

Balance at beginning of period	$	173	$	196
Servicing retained from loan sales		30		15
Purchases		31		7
Amortization		(43)		(41)
Impairments		(3)		—

Balance at end of period	$	188	$	177


Fair value at end of period	$	237	$	260

- Definition

Tabular disclosure of the activity in the balance of servicing assets subsequently measured at amortized value (including a description of where changes in carrying value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (through purchases of servicing assets and servicing assets that result from transfers of financial assets), disposals, amortization, application of valuation allowances, other-than-temporary impairments, and other changes that affect the balance along with a description of those changes.

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