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Loans and Leases (Tables)
 3 Months Ended
Mar. 31, 2013
Loans and Leases Receivable Disclosure [Abstract]  
Net Loans
The following table presents our recorded investment in loans and leases, by segment and class, as of the dates indicated: 

(In millions)
March 31, 2013
 
December 31, 2012
Institutional:
 
 
 
Investment funds:
 
 
 
U.S.
$
9,234

 
$
8,376

Non-U.S.
1,327

 
829

Commercial and financial:
 
 
 
U.S.
835

 
613

Non-U.S.
696

 
520

Purchased receivables:
 
 
 
U.S.
259

 
276

Non-U.S.
88

 
118

Lease financing:
 
 
 
U.S.
369

 
380

Non-U.S.
768

 
784

Total institutional
13,576

 
11,896

Commercial real estate:
 
 
 
U.S.
409

 
411

Total loans and leases
13,985

 
12,307

Allowance for loan losses
(22
)
 
(22
)
Loans and leases, net of allowance for loan losses
$
13,963

 
$
12,285
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
 
 
March 31, 2013
Investment
Funds
 
Commercial
and
Financial
 
Purchased
Receivables
 
Lease
Financing
 
Property
Development
 
Other
 
Total
Loans and
Leases
(In millions)
 
 
 
 
 
 
Investment grade
$
10,434

 
$
984

 
$
347

 
$
1,095

 
$
—

 
$
29

 
$
12,889

Speculative
127

 
547

 
—

 
42

 
375

 
5

 
1,096

Total
$
10,561

 
$
1,531

 
$
347

 
$
1,137

 
$
375

 
$
34

 
$
13,985

 
 
Institutional
 
Commercial Real Estate
 
 
December 31, 2012
Investment
Funds
 
Commercial
and
Financial
 
Purchased
Receivables
 
Lease
Financing
 
Property
Development
 
Other
 
Total
Loans and
Leases
(In millions)
 
 
 
 
 
 
Investment grade
$
8,937

 
$
1,041

 
$
394

 
$
1,137

 
$
—

 
$
29

 
$
11,538

Speculative
268

 
92

 
—

 
27

 
377

 
5

 
769

Total
$
9,205

 
$
1,133

 
$
394

 
$
1,164

 
$
377

 
$
34

 
$
12,307
Schedule of Loans and Leases Receivable by Impairment Methodology
The following table presents our recorded investment in loans and leases, disaggregated based on our impairment methodology, as of the dates indicated:
 
March 31, 2013
 
December 31, 2012
(In millions)
Institutional
 
Commercial Real Estate
 
Total Loans and Leases
 
Institutional
 
Commercial Real Estate
 
Total Loans and Leases
Loans and leases:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
10

 
$
380

 
$
390

 
$
11

 
$
411

 
$
422

Collectively evaluated for impairment(1)
13,566

 
29

 
13,595

 
11,885

 
—

 
11,885

Total
$
13,576

 
$
409

 
$
13,985

 
$
11,896

 
$
411

 
$
12,307


 
 
 
 
(1) As of both March 31, 2013 and December 31, 2012, the entire $22 million allowance for loan losses was related to institutional loans collectively evaluated for impairment.
Impaired Loans
The following tables present information related to our recorded investment in impaired loans and leases as of the dates, or for the periods, indicated:
 
March 31, 2013
 
December 31, 2012
(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
$
195

 
$
222

 
$
—

 
$
197

 
$
224

 
$
—

CRE—property development—acquired credit-impaired
—

 
34

 
—

 
—

 
34

 
—

CRE—other—acquired credit-impaired
—

 
36

 
—

 
—

 
64

 
—

Total CRE
$
195

 
$
292

 
$
—

 
$
197

 
$
322

 
$
—

 
 
 
 
(1) As of both March 31, 2013 and December 31, 2012, we maintained an allowance for loan losses of $22 million associated with loans and leases that were not impaired.
 
 
Three Months Ended March 31,
 
 
Average Recorded Investment
 
Interest Revenue Recognized
(In millions)
 
2013
 
2012
 
2013
 
2012
With no related allowance recorded:
 
 
 
 
 
 
 
 
CRE—property development
 
$
195

 
$
199

 
$
4

 
$
4

CRE—other—acquired credit-impaired
 
—

 
8

 
—

 
—

CRE—other
 
—

 
—

 
—

 
1

With an allowance recorded:
 
 
 
 
 
 
 
 
CRE—other—acquired credit-impaired
 
—

 
31

 
—

 
—

Total CRE
 
$
195

 
$
238

 
$
4

 
$
5
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 March 31,
 
2013
 
2012
(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

 
$
—

 
$
22

Provisions
—

 
1

 
1

 
—

 
—

 
—

Recoveries
—

 
(1
)
 
(1
)
 
—

 
—

 
—

Ending balance
$
22

 
$
—

 
$
22

 
$
22

 
$
—

 
$
22