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Loans And Leases (Tables)

9 Months Ended

Sep. 30, 2011

Loans And Leases

Net Loans


(In millions)		September 30, 2011				December 31, 2010
Institutional:
Investment funds:
U.S.		$	6,456			$	5,316
Non-U.S.			1,505				1,478
Commercial and financial:
U.S.			637				540
Non-U.S.			207				190
Purchased receivables:
U.S.			673				728
Non-U.S.			403				1,471
Lease financing:
U.S.			399				417
Non-U.S.			857				1,053

Total institutional			11,137				11,193
Commercial real estate:
U.S.			603				764

Total loans and leases			11,740				11,957
Allowance for loan losses			(22	)			(100	)

Loans and leases, net of allowance for loan losses		$	11,718			$	11,857

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


		Institutional																Commercial Real Estate
September 30, 2011 (In millions)		Investment Funds				Commercial and Financial				Purchased Receivables				Lease Financing				Property Development				Other Acquired Credit- Impaired				Other				Total Loans and Leases
Investment grade		$	7,843			$	714			$	1,076			$	1,197			$	1			$	3			$	37			$	10,871
Speculative			118				129				—				59				379				31				95				811
Special mention			—				1				—				—				—				—				—				1
Doubtful			—				—				—				—				52				5				—				57

Total		$	7,961			$	844			$	1,076			$	1,256			$	432			$	39			$	132			$	11,740


		Institutional																Commercial Real Estate
December 31, 2010 (In millions)		Investment Funds				Commercial and Financial				Purchased Receivables				Lease Financing				Property Development				Property Development Acquired- Credit Impaired				Other Acquired Credit- Impaired				Other				Total Loans and Leases
Investment grade		$	6,674			$	579			$	2,199			$	1,279			$	3							$	3			$	49			$	10,786
Speculative			120				101				—				191				362								47				108				929
Substandard			—				50				—				—				—								—				—				50
Doubtful			—				—				—				—				86			$	42				49				15				192

Total		$	6,794			$	730			$	2,199			$	1,470			$	451			$	42			$	99			$	172			$	11,957

Schedule Of Allowance For Loan Losses


		Institutional								Commercial Real Estate								Total Loans and Leases
		September 30, 2011				December 31, 2010				September 30, 2011				December 31, 2010				September 30, 2011				December 31, 2010
(In millions)
Loans and leases:
Individually evaluated for impairment		$	93			$	112			$	564			$	623			$	657			$	735
Collectively evaluated for impairment			11,044				11,081				—				—				11,044				11,081
Loans acquired with deteriorated credit quality			—				—				39				141				39				141

Total		$	11,137			$	11,193			$	603			$	764			$	11,740			$	11,957

Allowance for loan losses:
Individually evaluated for impairment														$	24							$	24
Collectively evaluated for impairment		$	22			$	31								—			$	22				31
Loans acquired with deteriorated credit quality			—				—								45				—				45

Total		$	22			$	31				—			$	69			$	22			$	100

Impaired Loans


		As of September 30, 2011												Three Months Ended September 30, 2011								Nine Months Ended September 30, 2011								As of December 31, 2010
(In millions)		Recorded Investment				Unpaid Principal Balance				Related Allowance⁽¹⁾				Average Recorded Investment				Interest Revenue Recognized				Average Recorded Investment				Interest Revenue Recognized				Recorded Investment				Unpaid Principal Balance				Related Allowance⁽¹⁾
With no related allowance recorded:
CRE—property development		$	251			$	347							$	274			$	4			$	280			$	12			$	209			$	240
CRE—property development—acquired credit-impaired			—				34								—				—				6				—				—				34
CRE—other—acquired credit-impaired			8				69								23				—				46				—				16				47
CRE—other			2				3								3				—				7				1				27				29

With an allowance recorded:
CRE—property development			—				—								—				—				—				—				79				113			$	24
CRE—property development—acquired credit-impaired			—				—								—				—				—				—				42				47				19
CRE—other—acquired credit—impaired			31				37								31				—				31				1				83				100				26
CRE—other			7				9								7				—				7				—				7				9				—

Total CRE		$	299			$	499				—			$	338			$	4			$	377			$	14			$	463			$	619			$	69

⁽¹⁾	As of September 30, 2011 and December 31, 2010, we maintained allowances for loan losses of $22 million and $31 million, respectively, associated with loans and leases that were not impaired.

Financing Receivables On Non-Accrual Status


(In millions)		September 30, 2011				December 31, 2010
Commercial Real Estate:
Property development		$	52			$	79
Property development—acquired credit-impaired			—				42
Other—acquired credit-impaired			5				22
Other			—				15

Total		$	57			$	158

Schedule Of Activity In The Allowance For Loan Losses


		Three Months Ended September 30,
(In millions)		2011												2010
(In millions)		Institutional				Commercial Real Estate				Total Loans and Leases				Total Loans and Leases
Allowance for loan losses:
Beginning balance		$	22			$	32			$	54			$	102
Charge-offs			—				(32	)			(32	)			(1	)
Provisions			—				—				—				1
Other			—				—				—				(1	)

Ending balance		$	22			$	—			$	22			$	101


		Nine Months Ended September 30,
		2011												2010
(In millions)		Institutional				Commercial Real Estate				Total Loans and Leases				Total Loans and Leases
Allowance for loan losses:
Beginning balance		$	31			$	69			$	100			$	79
Charge-offs			—				(79	)			(79	)			(4	)
Provisions			(9	)			10				1				26

Ending balance		$	22			$	—			$	22			$	101