Loans and Leases (Tables)

9 Months Ended

Sep. 30, 2012

Loans and Leases Receivable Disclosure [Abstract]

The following table presents our recorded investment in loans and leases, by segment and class, as of the dates indicated:



(In millions)	September 30, 2012			December 31, 2011
Institutional:
Investment funds:
U.S.	$	9,583		$	5,592
Non-U.S.	1,129			796
Commercial and financial:
U.S.	648			563
Non-U.S.	597			453
Purchased receivables:
U.S.	319			563
Non-U.S.	173			372
Lease financing:
U.S.	381			397
Non-U.S.	798			857
Total institutional	13,628			9,593
Commercial real estate:
U.S.	418			460
Total loans and leases	14,046			10,053
Allowance for loan losses	(22		)	(22		)
Loans and leases, net of allowance for loan losses	$	14,024		$	10,031

Recorded Investment In Each Class Of Total Loans And Leases By Credit Quality Indicator

The following tables present our recorded investment in each class of loans and leases by credit quality indicator as of the dates indicated:



	Institutional								Commercial Real Estate
September 30, 2012	Investment Funds		Commercial and Financial		Purchased Receivables		Lease Financing		Property Development		Other Acquired Credit- Impaired		Other		Total Loans and Leases
(In millions)	Investment Funds		Commercial and Financial		Purchased Receivables		Lease Financing		Property Development		Other Acquired Credit- Impaired		Other		Total Loans and Leases
Investment grade	$	10,374	$	1,004	$	492	$	1,104					$	29	$	13,003
Speculative	338		241		—		75		$	379	$	—	5		1,038
Doubtful	—		—		—		—		—		5		—		5
Total	$	10,712	$	1,245	$	492	$	1,179	$	379	$	5	$	34	$	14,046



	Institutional								Commercial Real Estate
December 31, 2011	Investment Funds		Commercial and Financial		Purchased Receivables		Lease Financing		Property Development		Other Acquired Credit- Impaired		Other		Total Loans and Leases
(In millions)	Investment Funds		Commercial and Financial		Purchased Receivables		Lease Financing		Property Development		Other Acquired Credit- Impaired		Other		Total Loans and Leases
Investment grade	$	6,341	$	592	$	935	$	1,194	$	1	$	3	$	36	$	9,102
Speculative	47		424		—		60		379		31		5		946
Doubtful	—		—		—		—		—		5		—		5
Total	$	6,388	$	1,016	$	935	$	1,254	$	380	$	39	$	41	$	10,053

Schedule of Loans and Leases Receivable by Impairment Methodology [Table Text Block]

The following table presents our recorded investment in loans and leases, disaggregated based on our impairment methodology, as of the dates indicated:



	Institutional				Commercial Real Estate				Total Loans and Leases
(In millions)	September 30, 2012		December 31, 2011		September 30, 2012		December 31, 2011		September 30, 2012		December 31, 2011
Loans and leases:
Individually evaluated for impairment	$	172	$	56	$	413	$	421	$	585	$	477
Collectively evaluated for impairment	13,456		9,537		—		—		13,456		9,537
Loans acquired with deteriorated credit quality	—		—		5		39		5		39
Total	$	13,628	$	9,593	$	418	$	460	$	14,046	$	10,053

Impaired Loans

The following tables present our recorded investment in impaired loans and leases as of the dates, or for the periods, indicated:



	September 30, 2012					December 31, 2011
(In millions)	Recorded Investment		Unpaid Principal Balance		Related Allowance⁽¹⁾	Recorded Investment		Unpaid Principal Balance		Related Allowance⁽¹⁾
With no related allowance recorded:
CRE—property development	$	199	$	226		$	199	$	227
CRE—property development—acquired credit-impaired	—		34			—		34
CRE—other—acquired credit-impaired	5		66			8		69
With an allowance recorded:
CRE—other—acquired credit-impaired	—		—			31		37
Total CRE	$	204	$	326	—	$	238	$	367	—


⁽¹⁾	As of both September 30, 2012 and December 31, 2011, we maintained an allowance for loan losses of $22 million associated with loans and leases that were not impaired.



	Average Recorded Investment				Interest Revenue Recognized				Average Recorded Investment				Interest Revenue Recognized
	Three Months Ended September 30,				Three Months Ended September 30,				Nine Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2012		2011		2012		2011		2012		2011		2012		2011
With no related allowance recorded:
CRE—property development	$	199	$	274	$	4	$	4	$	199	$	280	$	12	$	12
CRE—property development—acquired credit-impaired	—		—		—		—		—		6		—		—
CRE—other—acquired credit-impaired	5		23		—		—		17		46		—		—
CRE—other	—		3		—		—		—		7		—		1
With an allowance recorded:
CRE—other—acquired credit-impaired	—		31		—		—		—		31		—		1
CRE—other	—		7		—		—		—		7		—		—
Total CRE	$	204	$	338	$	4	$	4	$	216	$	377	$	12	$	14

Schedule Of Activity In The Allowance For Loan Losses

The following table presents activity in the allowance for loan losses for the periods indicated:



	Three Months Ended September 30,
	2012					2011
(In millions)	Institutional		Commercial Real Estate	Total Loans and Leases		Institutional		Commercial Real Estate			Total Loans and Leases
Allowance for loan losses:
Beginning balance	$	22		$	22	$	22	$	32		$	54
Charge-offs	—			—		—		(32		)	(32		)
Provisions	—			—		—		—			—
Recoveries	—			—		—		—			—
Ending balance	$	22	—	$	22	$	22	$	—		$	22



	Nine Months Ended September 30,
	2012								2011
(In millions)	Institutional		Commercial Real Estate			Total Loans and Leases			Institutional			Commercial Real Estate			Total Loans and Leases
Allowance for loan losses:
Beginning balance	$	22				$	22		$	31		$	69		$	100
Charge-offs	—					—			—			(79		)	(79		)
Provisions	—		$	(1	)	(1		)	(9		)	10			1
Recoveries	—		1			1			—			—			—
Ending balance	$	22	$	—		$	22		$	22		$	—		$	22