Loans And Leases (Tables)

12 Months Ended

Dec. 31, 2011


(In millions)	2011			2010
Institutional:
Investment funds:
U.S.	$	5,592		$	5,316
Non-U.S.		796			1,478
Commercial and financial:
U.S.		563			540
Non-U.S.		453			190
Purchased receivables:
U.S.		563			728
Non-U.S.		372			1,471
Lease financing:
U.S.		397			417
Non-U.S.		857			1,053

Total institutional		9,593			11,193
Commercial real estate:
U.S.		460			764
Total loans and leases		10,053			11,957
Allowance for loan losses		(22	)		(100	)
Loans and leases, net of allowance for loan losses	$	10,031		$	11,857


(In millions)	2011			2010
Net rental income receivable	$	1,671		$	2,187
Estimated residual values		110			118
Unearned income		(527	)		(835	)

Investment in leveraged lease financing		1,254			1,470
Less related deferred income tax liabilities		(397	)		(463	)

Net investment in leveraged lease financing	$	857		$	1,007


	Institutional								Commercial Real Estate
December 31, 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	$	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


	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


	Institutional				Commercial Real Estate				Total Loans and Leases
(In millions)	2011		2010		2011		2010		2011		2010
Loans and leases:
Individually evaluated for impairment	$	56	$	112	$	421	$	623	$	477	$	735
Collectively evaluated for impairment		9,537		11,081		—		—		9,537		11,081
Loans acquired with deteriorated credit quality		—		—		39		141		39		141

Total loans and leases	$	9,593	$	11,193	$	460	$	764	$	10,053	$	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 allowance for loan losses	$	22	$	31		—	$	69	$	22	$	100


	December 31, 2011						Year Ended December 31, 2011				December 31, 2010
(In millions)	Recorded Investment		Unpaid Principal Balance		Related Allowance⁽¹⁾		Average Recorded Investment		Interest Revenue Recognized		Recorded Investment		Unpaid Principal Balance		Related Allowance⁽¹⁾
With no related allowance recorded:
CRE - property development	$	199	$	227			$	200	$	15	$	209	$	240
CRE - property development – acquired credit-impaired		—		34				—		—				34
CRE - other - acquired credit-impaired		8		69				12		—		16		47
CRE - other		—		—				—		—		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		1		83		100		26
CRE - other		—		—		—		—		—		7		9		—

Total CRE	$	238	$	367		—	$	243	$	16	$	463	$	619	$	69

⁽¹⁾	As of December 31, 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.


(In millions)	2011		2010
Commercial Real Estate:
Property development			$	79
Property development - acquired credit-impaired				42
Other - acquired credit-impaired	$	5		22
Other		—		15
Total	$	5	$	158