The BNY Mellon Settlement remains subject to final court approval and certain other conditions.
It is not currently possible to predict the ultimate outcome or timing of the court approval process, which can include appeals and could take a substantial period of time.
The court approval hearing began in the New York Supreme Court, New York County, on June 3, 2013 and concluded on November 21, 2013.
On January 31, 2014, the court issued a decision, order and judgment approving the BNY Mellon Settlement.
The court overruled the objections to the settlement, holding that the Trustee, BNY Mellon, acted in good faith, within its discretion and within the bounds of reasonableness in determining that the settlement agreement was in the best interests of the covered trusts.
The court declined to approve the Trustee’s conduct only with respect to the Trustee’s consideration of a potential claim that a loan must be repurchased if the servicer modifies its terms.
On February 4, 2014, one of the objectors filed a motion to stay entry of judgment and to hold additional proceedings in the trial court on issues it alleged had not been litigated or decided by the court in its January 31, 2014 decision, order and judgment.
On February 18, 2014, the same objector also filed a motion for reargument of the trial court’s January 31, 2014 decision.
The court held a hearing on the motion to stay on February 19, 2014, and rejected the application for stay and for further proceedings in the trial court.
The court also ruled it would not hold oral argument on the objector’s motion for reargument before April 2014.
On February 21, 2014, final judgment was entered and the Trustee filed a notice of appeal regarding the court’s ruling on loan modification claims in the settlement.
The court’s January 31, 2014 decision, order and judgment remain subject to appeal and the motion to reargue, and it is not possible to predict the timetable for appeals or when the court approval process will be completed.
If final court approval is not obtained by December 31, 2015, the Corporation and Countrywide may withdraw from the BNY Mellon Settlement, if the Trustee consents.
The BNY Mellon Settlement also provides that if Covered Trusts holding loans with an unpaid principal balance exceeding a specified amount are excluded from the final BNY Mellon Settlement, based on investor objections or otherwise, the Corporation and Countrywide have the option to withdraw from the BNY Mellon Settlement pursuant to the terms of the BNY Mellon Settlement agreement.
There can be no assurance that final court approval of the settlement will be obtained, that all conditions to the BNY Mellon Settlement will be satisfied or, if certain conditions to the BNY Mellon Settlement permitting withdrawal are met, that the Corporation and Countrywide will not withdraw from the settlement.
If final court approval is not obtained or if the Corporation and Countrywide withdraw from the BNY Mellon Settlement in accordance with its terms, the Corporation’s future representations and warranties losses could be substantially different from existing accruals and the estimated range of possible loss over existing accruals described under Whole-loan Sales and Private-label Securitizations Experience in this Note.
Unresolved Repurchase Claims Unresolved representations and warranties repurchase claims represent the notional amount of repurchase claims made by counterparties, typically the outstanding principal balance or the unpaid principal balance at the time of default.
In the case of firstlien mortgages, the claim amount is often significantly greater than the expected loss amount due to the benefit of collateral and, in some cases, MI or mortgage guarantee payments.
Claims received from a counterparty remain outstanding until the underlying loan is repurchased, the claim is rescinded by the counterparty, or the claim is otherwise resolved.
When a claim is denied and the Corporation does not receive a response from the counterparty, the claim remains in the unresolved repurchase claims balance until resolution.
The table below presents unresolved repurchase claims at December 31, 2013 and 2012.
The unresolved repurchase claims include only claims where the Corporation believes that the counterparty has the contractual right to submit claims.
For additional information, see Whole-loan Sales and Private-label Securitizations Experience in this Note and Note 12 – Commitments and Contingencies.
These repurchase claims do not include any repurchase claims related to the BNY Mellon Settlement regarding the Covered Trusts.
Unresolved Repurchase Claims by Counterparty and Product Type (1, 2)
## Table 0 ##
(1) The total notional amount of unresolved repurchase claims does not include any repurchase claims related to the trusts covered by the BNY Mellon Settlement.
(2) At December 31, 2013 and 2012, unresolved repurchase claims did not include repurchase demands of $1.2 billion and $1.6 billion where the Corporation believes the claimants have not satisfied the contractual thresholds as noted on page 206.
(3) Includes $13.8 billion and $11.7 billion of claims based on individual file reviews and $4.1 billion and $519 million of claims submitted without individual file reviews at December 31, 2013 and 2012.
The notional amount of unresolved repurchase claims from private-label securitization trustees, whole-loan investors, including third-party securitization sponsors, and others totaled $18.0 billion at December 31, 2013 compared to $12.2 billion at December 31, 2012, including $13.8 billion and $11.7 billion of claims based on individual file reviews and $4.1 billion and $519 million of claims submitted without individual file reviews.
The increase in the notional amount of unresolved repurchase claims during 2013 is primarily due to continued submission of claims by private-label securitization trustees; the level of detail, support and analysis accompanying such claims, which impacts overall claim quality and, therefore, claims resolution; and the lack of an established process to resolve disputes related to these claims.
For example, claims submitted without individual file reviews lack the level of detail and analysis of individual loans found in other claims that is necessary for the Corporation to respond to the claim.
The Corporation expects unresolved repurchase claims related to private-label securitizations to increase as claims continue to be submitted by private-label securitization trustees
Global Corporate and Global Commercial Banking Global Corporate and Global Commercial Banking each include Business Lending and Treasury Services activities.
Business Lending includes various lending-related products and services including commercial loans, leases, commitment facilities, trade finance, real estate lending and asset-based lending.
Treasury Services includes deposits, treasury management, credit card, foreign exchange, and short-term investment and custody solutions to corporate and commercial banking clients.
The table below presents a summary of Global Corporate and Global Commercial Banking results, which excludes certain capital markets activity in Global Banking
## Table 1 ##
Global Corporate and Global Commercial Banking revenue increased $684 million in 2013 due to higher revenue in both Business Lending and Treasury Services.
Business Lending revenue in Global Corporate Banking increased $206 million in 2013 due to higher net interest income driven by the impact of loan growth, partially offset by lower accretion on acquired portfolios, and gains on the liquidation of certain portfolios in 2012.  Business Lending revenue in Global Commercial Banking increased $345 million due to higher net interest income driven by the impact of loan growth in the commercial and industrial, and commercial real estate portfolios, as well as higher accretion on acquired portfolios.
Treasury Services revenue in Global Corporate Banking increased $182 million in 2013 driven by growth in U. S.  and nonU.
S.  deposit balances, partially offset by the impact of the low rate environment.
Treasury Services revenue in Global Commercial Banking declined $49 million due to the impacts of lower average deposit balances and the low rate environment.
Average loans and leases in Global Corporate and Global Commercial Banking increased 15 percent in 2013 driven by growth in the commercial and industrial, and commercial real estate portfolios.
Average deposits in Global Corporate and Global Commercial Banking increased six percent in 2013 due to client liquidity, international growth and new client acquisitions.
Investment Banking Client teams and product specialists underwrite and distribute debt, equity and loan products, and provide advisory services and tailored risk management solutions.
The economics of most investment banking and underwriting activities are shared primarily between Global Banking and Global Markets based on the contribution by and involvement of each segment.
To provide a complete discussion of our consolidated investment banking fees, the table below presents total Corporation investment banking fees as well as the portion attributable to Global Banking
## Table 2 ##
Total Corporation investment banking fees of $6.1 billion, excluding self-led deals, included within Global Banking and Global Markets, increased 16 percent in 2013 due to strong equity issuance fees attributable to a significant increase in global equity capital markets volume and higher debt issuance fees, primarily within leveraged finance and investment-grade underwriting.
THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Management’s Discussion and Analysis ‰ Total AUS net inflows/(outflows) for 2014 includes $19 billion of fixed income asset inflows in connection with our acquisition of Deutsche Asset & Wealth Management’s stable value business and $6 billion of liquidity products inflows in connection with our acquisition of RBS Asset Management’s money market funds.
The table below presents our average monthly assets under supervision by asset class.

<table><tr><td></td><td colspan="2">December 31</td></tr><tr><td>(Dollars in millions)</td><td>2013</td><td>2012</td></tr><tr><td>By counterparty</td><td></td><td></td></tr><tr><td>Private-label securitization trustees, whole-loan investors, including third-party securitizationsponsors and other<sup>-3</sup></td><td>$17,953</td><td>$12,222</td></tr><tr><td>Monolines</td><td>1,532</td><td>2,442</td></tr><tr><td>GSEs</td><td>170</td><td>13,437</td></tr><tr><td>Total unresolved repurchase claims by counterparty<sup>-3</sup></td><td>$19,655</td><td>$28,101</td></tr><tr><td>By product type</td><td></td><td></td></tr><tr><td>Prime loans</td><td>$623</td><td>$8,724</td></tr><tr><td>Alt-A</td><td>1,536</td><td>5,422</td></tr><tr><td>Home equity</td><td>1,889</td><td>2,390</td></tr><tr><td>Pay option</td><td>5,776</td><td>5,877</td></tr><tr><td>Subprime</td><td>7,502</td><td>4,227</td></tr><tr><td>Other</td><td>2,329</td><td>1,461</td></tr><tr><td>Total unresolved repurchase claims by product type<sup>-3</sup></td><td>$19,655</td><td>$28,101</td></tr></table>
<table><tr><td></td><td colspan="2">Global Corporate Banking</td><td colspan="2">Global Commercial Banking</td><td colspan="2">Total</td></tr><tr><td>(Dollars in millions)</td><td>2013</td><td>2012</td><td>2013</td><td>2012</td><td>2013</td><td>2012</td></tr><tr><td>Revenue</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Business Lending</td><td>$3,407</td><td>$3,201</td><td>$3,967</td><td>$3,622</td><td>$7,374</td><td>$6,823</td></tr><tr><td>Treasury Services</td><td>2,815</td><td>2,633</td><td>2,939</td><td>2,988</td><td>5,754</td><td>5,621</td></tr><tr><td>Total revenue, net of interest expense</td><td>$6,222</td><td>$5,834</td><td>$6,906</td><td>$6,610</td><td>$13,128</td><td>$12,444</td></tr><tr><td>Balance Sheet</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Average</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total loans and leases</td><td>$126,669</td><td>$110,130</td><td>$130,563</td><td>$113,640</td><td>$257,232</td><td>$223,770</td></tr><tr><td>Total deposits</td><td>128,198</td><td>114,200</td><td>109,225</td><td>109,704</td><td>237,423</td><td>223,904</td></tr><tr><td>Year end</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total loans and leases</td><td>$130,092</td><td>$116,239</td><td>$139,374</td><td>$126,093</td><td>$269,466</td><td>$242,332</td></tr><tr><td>Total deposits</td><td>144,312</td><td>131,184</td><td>121,407</td><td>112,083</td><td>265,719</td><td>243,267</td></tr></table>
<table><tr><td></td><td colspan="2">Global Banking</td><td colspan="2">Total Corporation</td></tr><tr><td>(Dollars in millions)</td><td>2013</td><td>2012</td><td>2013</td><td>2012</td></tr><tr><td>Products</td><td></td><td></td><td></td><td></td></tr><tr><td>Advisory</td><td>$1,022</td><td>$995</td><td>$1,131</td><td>$1,066</td></tr><tr><td>Debt issuance</td><td>1,620</td><td>1,390</td><td>3,805</td><td>3,362</td></tr><tr><td>Equity issuance</td><td>593</td><td>408</td><td>1,469</td><td>1,026</td></tr><tr><td>Gross investment banking fees</td><td>3,235</td><td>2,793</td><td>6,405</td><td>5,454</td></tr><tr><td>Self-led</td><td>-92</td><td>-43</td><td>-279</td><td>-155</td></tr><tr><td>Total investment banking fees</td><td>$3,143</td><td>$2,750</td><td>$6,126</td><td>$5,299</td></tr></table>

Question: Which year is Total revenue, net of interest expense the most for Global Corporate Banking?