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Other Assets
 6 Months Ended
Jun. 30, 2013
Other Assets [Abstract]  
Other Assets

The components of other assets were:

         
       June 30,Dec. 31,
(in millions)  2013 2012
Nonmarketable equity investments:  
 Cost method:   
  Private equity investments$ 2,419 2,572
  Federal bank stock  4,100 4,227
   Total cost method  6,519 6,799
 Equity method and other:   
  LIHTC investments (1)  4,931 4,767
  Private equity and other  5,741 6,156
   Total equity method and other  10,672 10,923
 Fair value (2)  595 -
    Total nonmarketable    
     equity investments 17,786 17,722
Corporate/bank-owned life insurance  18,692 18,649
Accounts receivable  25,845 25,828
Interest receivable  5,192 5,006
Core deposit intangibles  5,294 5,915
Customer relationship and    
 other amortized intangibles  1,217 1,352
Foreclosed assets:   
 GNMA (3)  1,026 1,509
 Other  2,114 2,514
Operating lease assets  2,010 2,001
Due from customers on acceptances 353 282
Other  11,379 12,800
     Total other assets$ 90,908 93,578
         

  • Represents low income housing tax credit investments.
  • Represents nonmarketable equity investments for which we have elected the fair value option. See Note 13 for additional information.
  • These are foreclosed real estate securing GNMA loans. Both principal and interest for government insured/guaranteed loans secured by the foreclosed real estate are collectible because the loans are insured by the FHA or guaranteed by the VA.

 

Income (expense) related to nonmarketable equity investments was:      
           
          
         Six months
     Quarter ended June 30, ended June 30,
(in millions)  2013 2012  2013 2012
Net realized gains from private equity investments$179 159  224 290
All other (128) (45)  (91) (24)
 Total$51 114  133 266