Preferred Stock (Tables)

6 Months Ended

Jun. 30, 2013

Preferred Stock (Tables) [Abstract]

Detail of Preferred Stock



							June 30, 2013				December 31, 2012
								Liquidation	Shares			Liquidation	Shares
								preference	authorized			preference	authorized
								per share	and designated			per share	and designated
DEP Shares
Dividend Equalization Preferred Shares							$	10	97,000		$	10	97,000
Series G
7.25% Class A Preferred Stock								15,000	50,000			15,000	50,000
Series H
Floating Class A Preferred Stock								20,000	50,000			20,000	50,000
Series I
Floating Class A Preferred Stock								100,000	25,010			100,000	25,010
Series J
8.00% Non-Cumulative Perpetual Class A Preferred Stock								1,000	2,300,000			1,000	2,300,000
Series K
7.98% Fixed-to-Floating Non-Cumulative Perpetual Class A Preferred Stock								1,000	3,500,000			1,000	3,500,000
Series L
7.50% Non-Cumulative Perpetual Convertible Class A Preferred Stock								1,000	4,025,000			1,000	4,025,000
Series N
5.20% Non-Cumulative Perpetual Class A Preferred Stock								25,000	30,000			25,000	30,000
Series O
5.125% Non-Cumulative Perpetual Class A Preferred Stock								25,000	27,600			25,000	27,600
Series P
5.25% Non-Cumulative Perpetual Class A Preferred Stock								25,000	26,400			-	-
	Total								10,131,010				10,104,610



							June 30, 2013						December 31, 2012
							Shares						Shares
							issued and		Par	Carrying			issued and		Par	Carrying
(in millions, except shares)							outstanding		value	value	Discount		outstanding		value	value	Discount
DEP Shares
Dividend Equalization Preferred Shares							96,546	$	-	-	-		96,546	$	-	-	-
Series I (1)
Floating Class A Preferred Stock							25,010		2,501	2,501	-		25,010		2,501	2,501	-
Series J (1)
8.00% Non-Cumulative Perpetual Class A Preferred Stock							2,150,375		2,150	1,995	155		2,150,375		2,150	1,995	155
Series K (1)
7.98% Fixed-to-Floating Non-Cumulative Perpetual Class A Preferred Stock							3,352,000		3,352	2,876	476		3,352,000		3,352	2,876	476
Series L (1)
7.50% Non-Cumulative Perpetual Convertible Class A Preferred Stock							3,968,000		3,968	3,200	768		3,968,000		3,968	3,200	768
Series N (1)
5.20% Non-Cumulative Perpetual Class A Preferred Stock							30,000		750	750	-		30,000		750	750	-
Series O (1)
5.125% Non-Cumulative Perpetual Class A Preferred Stock							26,000		650	650	-		26,000		650	650	-
Series P (1)
5.25% Non-Cumulative Perpetual Class A Preferred Stock							25,000		625	625	-		-		-	-	-
ESOP
Cumulative Convertible Preferred Stock							1,391,344		1,391	1,391	-		910,934		911	911	-
	Total						11,064,275	$	15,387	13,988	1,399		10,558,865	$	14,282	12,883	1,399

Preferred shares qualify as Tier 1 capital.

Detail of Employee Stock Ownership Plan Preferred Stock



							Shares issued and outstanding				Carrying value				Adjustable
							June 30,	Dec. 31,			June 30,		Dec. 31,		dividend rate
(in millions, except shares)							2013	2012			2013		2012		Minimum	Maximum
ESOP Preferred Stock
$1,000 liquidation preference per share
	2013						558,823	-		$	559		-		8.50	%	11.00
	2012						231,504	245,604			231		246		10.00		11.00
	2011						259,263	277,263			259		277		9.00		10.00
	2010						186,011	201,011			186		201		9.50		10.50
	2008						65,627	73,434			66		73		10.50		11.50
	2007						46,508	53,768			46		54		10.75		11.75
	2006						27,349	33,559			27		34		10.75		11.75
	2005						13,661	18,882			14		19		9.75		10.75
	2004						2,598	7,413			3		7		8.50		9.50
Total ESOP Preferred Stock (1)							1,391,344	910,934		$	1,391		911
Unearned ESOP shares (2)										$	(1,510)		(986)

At June 30, 2013 and December 31, 2012, additional paid-in capital included $119 million and $75 million, respectively, related to ESOP preferred stock.
We recorded a corresponding charge to unearned ESOP shares in connection with the issuance of the ESOP Preferred Stock. The unearned ESOP shares are reduced as shares of the ESOP Preferred Stock are committed to be released.