Business Segments (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Business Segments

The following tables present our business segment results for the three and six months ended June 30, 2013 and 2012 as well as selected balance sheet data as of June 30, 2013 and December 31, 2012 and a reconciliation of our total business segment results to our reported consolidated income from continuing operations, assets and deposits. Prior period amounts have been recast to conform to the current period presentation.

	Three Months Ended June 30, 2013
(Dollars in millions)	Credit Card			Consumer Banking		Commercial Banking			Other			Consolidated Total
Net interest income	$	2,804		$	1,478	$	457		$	(186	)	$	4,553
Non-interest income		832			189		93			(29	)		1,085
Total net revenue		3,636			1,667		550			(215	)		5,638
Provision for credit losses		713			67		(14	)		(4	)		762
Non-interest expense:
Amortization of intangibles:
PCCR intangible amortization		110			0		0			0			110
Core deposit intangible amortization		0			35		8			0			43
Total PCCR and core deposit intangible amortization		110			35		8			0			153
Other non-interest expense		1,709			875		261			61			2,906
Total non-interest expense		1,819			910		269			61			3,059
Income (loss) from continuing operations before income taxes		1,104			690		295			(272	)		1,817
Income tax provision (benefit)		385			246		105			(155	)		581
Income from continuing operations, net of tax	$	719		$	444	$	190		$	(117	)	$	1,236
	Three Months Ended June 30, 2012
(Dollars in millions)	Credit Card			Consumer Banking		Commercial Banking			Other			Consolidated Total
Net interest income	$	2,350		$	1,496	$	427		$	(272	)	$	4,001
Non-interest income		771			185		82			16			1,054
Total net revenue		3,121			1,681		509			(256	)		5,055
Provision for credit losses		1,711			44		(94	)		16			1,677
Non-interest expense:
Amortization of intangibles:
PCCR intangible amortization		88			0		0			0			88
Core deposit intangible amortization		0			42		9			0			51
Total PCCR and core deposit intangible amortization		88			42		9			0			139
Other non-interest expense		1,775			917		242			69			3,003
Total non-interest expense		1,863			959		251			69			3,142
Income (loss) from continuing operations before income taxes		(453	)		678		352			(341	)		236
Income tax provision (benefit)		(156	)		240		124			(165	)		43
Income from continuing operations, net of tax	$	(297	)	$	438	$	228		$	(176	)	$	193

	Six Months Ended June 30, 2013
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking			Other			Consolidated Total
Net interest income	$	5,634	$	2,956	$	911		$	(378	)	$	9,123
Non-interest income		1,653		370		177			(134	)		2,066
Total net revenue		7,287		3,326		1,088			(512	)		11,189
Provision for credit losses		1,456		242		(49	)		(2	)		1,647
Non-interest expense:
Amortization of intangibles:
PCCR intangible amortization		226		0		0			0			226
Core deposit intangible amortization		0		72		15			0			87
Total PCCR and core deposit intangible amortization		226		72		15			0			313
Other non-interest expense		3,441		1,728		512			93			5,774
Total non-interest expense		3,667		1,800		527			93			6,087
Income from continuing operations before income taxes.		2,164		1,284		610			(603	)		3,455
Income tax provision (benefit)		759		457		217			(358	)		1,075
Income from continuing operations, net of tax	$	1,405	$	827	$	393		$	(245	)	$	2,380
	Six Months Ended June 30, 2012
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking			Other			Consolidated Total
Net interest income	$	4,342	$	2,784	$	858		$	(569	)	$	7,415
Non-interest income		1,369		361		167			678			2,575
Total net revenue		5,711		3,145		1,025			109			9,990
Provision for credit losses		2,169		218		(163	)		26			2,250
Non-interest expense:
Amortization of intangibles:
PCCR intangible amortization		92		0		0			0			92
Core deposit intangible amortization		0		79		18			0			97
Total PCCR and core deposit intangible amortization		92		79		18			0			189
Other non-interest expense		3,039		1,823		494			101			5,457
Total non-interest expense		3,131		1,902		512			101			5,646
Income from continuing operations before income taxes		411		1,025		676			(18	)		2,094
Income tax provision (benefit)		142		363		238			(347	)		396
Income from continuing operations, net of tax	$	269	$	662	$	438		$	329		$	1,698

Loans and Deposits [Member]

Schedule of Business Segments

The total loans held for investment and customer deposits attributable to each of our reportable business segments as of June 30, 2013 and December 31, 2012 are presented in the tables below.

	June 30, 2013
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Other		Consolidated Total
Total loans held for investment	$	78,310	$	72,218	$	40,805	$	179	$	191,512
Total customer deposits		0		169,789		30,869		9,207		209,865
	December 31, 2012
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Other		Consolidated Total
Total loans held for investment	$	91,755	$	75,127	$	38,820	$	187	$	205,889
Total customer deposits		0		172,396		29,866		10,223		212,485