Table V Nonperforming Loans, Leases and Foreclosed Properties (1)
## Table 0 ##
(1) Balances do not include PCI loans even though the customer may be contractually past due.
PCI loans were recorded at fair value upon acquisition and accrete interest income over the remaining life of the loan.
In addition, balances do not include foreclosed properties insured by certain government-guaranteed loans, principally FHA-insured loans, that entered foreclosure of $1.2 billion, $1.4 billion, $1.1 billion, $1.4 billion and $2.5 billion at December 31, 2016, 2015, 2014, 2013 and 2012, respectively.
(2) In 2016, $1.0 billion in interest income was estimated to be contractually due on $6.0 billion of consumer loans and leases classified as nonperforming at December 31, 2016, as presented in the table above, plus $12.5 billion of TDRs classified as performing at December 31, 2016.
Approximately $653 million of the estimated $1.0 billion in contractual interest was received and included in interest income for 2016.
(3) In 2016, $185 million in interest income was estimated to be contractually due on $1.7 billion of commercial loans and leases classified as nonperforming at December 31, 2016, as presented in the table above, plus $1.5 billion of TDRs classified as performing at December 31, 2016.
Approximately $105 million of the estimated $185 million in contractual interest was received and included in interest income for 2016.
## Table 1 ##
(1) Our policy is to classify consumer real estate-secured loans as nonperforming at 90 days past due, except the PCI loan portfolio, the fully-insured loan portfolio and loans accounted for under the fair value option as referenced in footnote 3.
(2) Balances are fully-insured loans.
(3) Balances exclude loans accounted for under the fair value option.
At December 31, 2016, 2015, 2014, and 2013 $1 million, $1 million, $5 million and $8 million of loans accounted for under the fair value option were past due 90 days or more and still accruing interest.
At December 31, 2012, there were no loans accounted for under the fair value option that were past due 90 days or more and still accruing interest.
NOTE 7 Representations and Warranties Obligations and Corporate Guarantees Background The Corporation securitizes first-lien residential mortgage loans generally in the form of RMBS guaranteed by the GSEs or by GNMA in the case of FHA-insured, VA-guaranteed and Rural Housing Service-guaranteed mortgage loans, and sells pools of first-lien residential mortgage loans in the form of whole loans.
In addition, in prior years, legacy companies and certain subsidiaries sold pools of first-lien residential mortgage loans and home equity loans as private-label securitizations or in the form of whole loans.
In connection with these transactions, the Corporation or certain of its subsidiaries or legacy companies made various representations and warranties.
Breaches of these representations and warranties have resulted in and may continue to result in the requirement to repurchase mortgage loans or to otherwise make whole or provide other remedies to investors, securitization trusts, guarantors, insurers or other parties (collectively, repurchases).
Settlement Actions The Corporation has vigorously contested any request for repurchase where it has concluded that a valid basis for repurchase does not exist and will continue to do so in the future.
However, in an effort to resolve legacy mortgage-related issues, the Corporation has reached bulk settlements, certain of which have been for significant amounts, in lieu of a loan-by-loan review process, including settlements with the GSEs, four monoline insurers and Bank of New York Mellon (BNY Mellon), as trustee for certain securitization trusts.
These bulk settlements generally did not cover all transactions with the relevant counterparties or all potential claims that may arise, including in some instances securities law, fraud, indemnification and servicing claims, which may be addressed separately.
The Corporation’s liability in connection with the transactions and claims not covered by these settlements could be material to the Corporation’s results of operations or liquidity for any particular reporting period.
The Corporation may reach other settlements in the future if opportunities arise on terms it believes to be advantageous.
However, there can be no assurance that the Corporation will reach future settlements or, if it does, that the terms of past settlements can be relied upon to predict the terms of future settlements.
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, mortgage insurance (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, the Corporation determines that the applicable statute of limitations has expired, or representations and warranties claims with respect to the applicable trust are settled, and fully and finally released.
The Corporation does not include duplicate claims in the amounts disclosed.
The table below presents unresolved repurchase claims at December 31, 2016 and 2015.
The unresolved repurchase claims include only claims where the Corporation believes that the counterparty has the contractual right to submit claims.
The unresolved repurchase claims predominantly relate to subprime and pay option first-lien loans and home equity loans.
For additional information, see Private-label Securitizations and Whole-loan Sales Experience in this Note and Note 12 – Commitments and Contingencies.
## Table 2 ##
(1) Includes $11.9 billion of claims based on individual file reviews and $4.8 billion of claims submitted without individual file reviews at both December 31, 2016 and 2015.
During 2016, the Corporation received $647 million in new repurchase claims, including $440 million of claims that are deemed time-barred.
During 2016, $734 million in claims were resolved, including $477 million that are deemed time-barred.
Of the remaining unresolved monoline claims, substantially all of the claims pertain to second-lien loans and are currently the subject of litigation with a single monoline insurer.
There may be additional claims or file requests in the future.
In addition to the unresolved repurchase claims in the Unresolved Repurchase Claims by Counterparty, net of duplicate claims table, the Corporation has received notifications from sponsors of third-party securitizations with whom the Corporation engaged in whole-loan transactions indicating that the Corporation may have indemnity obligations with respect to loans for which the Corporation has not received a repurchase request.
These outstanding notifications totaled $1.3 billion and $1.4 billion at December 31, 2016 and 2015.
The presence of repurchase claims on a given trust, receipt of notices of indemnification obligations and receipt of other communications, as discussed above, are all factors that inform the Corporation’s liability for representations and warranties and the corresponding estimated range of possible loss.
Private-label Securitizations and Whole-loan Sales Experience Prior to 2009, legacy companies and certain subsidiaries sold pools of first-lien residential mortgage loans and home equity loans as private-label securitizations or in the form of whole loans.
In connection with these transactions, the Corporation or certain of its subsidiaries or legacy companies made various representations and warranties.
When the Corporation provided representations and warranties in connection with the sale of whole loans, the whole-loan investors may retain the right to make repurchase claims even when the loans were aggregated with other collateral into private-label securitizations sponsored by the wholeloan investors.
In other third-party securitizations, the whole-loan investors’ rights to enforce the representations and warranties were transferred to the securitization trustees.
Private-label securitization investors generally do not have the contractual right
Offsetting of Securities Financing Agreements The Corporation enters into securities financing agreements to accommodate customers (also referred to as "matched-book transactions"), obtain securities to cover short positions, and to finance inventory positions.
Substantially all of the Corporation’s securities financing activities are transacted under legally enforceable master repurchase agreements or legally enforceable master securities lending agreements that give the Corporation, in the event of default by the counterparty, the right to liquidate securities held and to offset receivables and payables with the same counterparty.
The Corporation offsets securities financing transactions with the same counterparty on the Consolidated Balance Sheet where it has such a legally enforceable master netting agreement and the transactions have the same maturity date.
The Securities Financing Agreements table presents securities financing agreements included on the Consolidated Balance Sheet in federal funds sold and securities borrowed or purchased under agreements to resell, and in federal funds purchased and securities loaned or sold under agreements to repurchase at December 31, 2016 and 2015.
Balances are presented on a gross basis, prior to the application of counterparty netting.
Gross assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements.
For more information on the offsetting of derivatives, see Note 2 – Derivatives.
The “Other” amount in the table, which is included on the Consolidated Balance Sheet in accrued expenses and other liabilities, relates to transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged as collateral or sold.
In these transactions, the Corporation recognizes an asset at fair value, representing the securities received, and a liability, representing the obligation to return those securities.
Gross assets and liabilities in the table include activity where uncertainty exists as to the enforceability of certain master netting agreements under bankruptcy laws in some countries or industries and, accordingly, these are reported on a gross basis.
The column titled “Financial Instruments” in the table includes securities collateral received or pledged under repurchase or securities lending agreements where there is a legally enforceable master netting agreement.
These amounts are not offset on the Consolidated Balance Sheet, but are shown as a reduction to the net balance sheet amount in this table to derive a net asset or liability.
Securities collateral received or pledged where the legal enforceability of the master netting agreements is not certain is not included.
## Table 3 ##
(1) Excludes repurchase activity of $10.1 billion and $9.3 billion reported in loans and leases on the Consolidated Balance Sheet at December 31, 2016 and 2015.
Year Ended December 31, 2006 Compared to Year Ended December 31, 2005 Net revenues increased $149.6 million, or 53.2%, to $430.7 million in 2006 from $281.1 million in 2005.
This increase was the result of increases in both our net sales and license revenues as noted in the product category table below.

<table><tr><td></td><td colspan="5">December 31</td></tr><tr><td>(Dollars in millions)</td><td>2016</td><td>2015</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>Consumer</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Residential mortgage</td><td>$3,056</td><td>$4,803</td><td>$6,889</td><td>$11,712</td><td>$15,055</td></tr><tr><td>Home equity</td><td>2,918</td><td>3,337</td><td>3,901</td><td>4,075</td><td>4,282</td></tr><tr><td>Direct/Indirect consumer</td><td>28</td><td>24</td><td>28</td><td>35</td><td>92</td></tr><tr><td>Other consumer</td><td>2</td><td>1</td><td>1</td><td>18</td><td>2</td></tr><tr><td>Total consumer<sup>-2</sup></td><td>6,004</td><td>8,165</td><td>10,819</td><td>15,840</td><td>19,431</td></tr><tr><td>Commercial</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U.S. commercial</td><td>1,256</td><td>867</td><td>701</td><td>819</td><td>1,484</td></tr><tr><td>Commercial real estate</td><td>72</td><td>93</td><td>321</td><td>322</td><td>1,513</td></tr><tr><td>Commercial lease financing</td><td>36</td><td>12</td><td>3</td><td>16</td><td>44</td></tr><tr><td>Non-U.S. commercial</td><td>279</td><td>158</td><td>1</td><td>64</td><td>68</td></tr><tr><td></td><td>1,643</td><td>1,130</td><td>1,026</td><td>1,221</td><td>3,109</td></tr><tr><td>U.S. small business commercial</td><td>60</td><td>82</td><td>87</td><td>88</td><td>115</td></tr><tr><td>Total commercial<sup>-3</sup></td><td>1,703</td><td>1,212</td><td>1,113</td><td>1,309</td><td>3,224</td></tr><tr><td>Total nonperforming loans and leases</td><td>7,707</td><td>9,377</td><td>11,932</td><td>17,149</td><td>22,655</td></tr><tr><td>Foreclosed properties</td><td>377</td><td>459</td><td>697</td><td>623</td><td>900</td></tr><tr><td>Total nonperforming loans, leases and foreclosed properties</td><td>$8,084</td><td>$9,836</td><td>$12,629</td><td>$17,772</td><td>$23,555</td></tr></table>
<table><tr><td></td><td colspan="5">December 31</td></tr><tr><td>(Dollars in millions)</td><td>2016</td><td>2015</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>Consumer</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Residential mortgage<sup>-2</sup></td><td>$4,793</td><td>$7,150</td><td>$11,407</td><td>$16,961</td><td>$22,157</td></tr><tr><td>U.S. credit card</td><td>782</td><td>789</td><td>866</td><td>1,053</td><td>1,437</td></tr><tr><td>Non-U.S. credit card</td><td>66</td><td>76</td><td>95</td><td>131</td><td>212</td></tr><tr><td>Direct/Indirect consumer</td><td>34</td><td>39</td><td>64</td><td>408</td><td>545</td></tr><tr><td>Other consumer</td><td>4</td><td>3</td><td>1</td><td>2</td><td>2</td></tr><tr><td>Total consumer</td><td>5,679</td><td>8,057</td><td>12,433</td><td>18,555</td><td>24,353</td></tr><tr><td>Commercial</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U.S. commercial</td><td>106</td><td>113</td><td>110</td><td>47</td><td>65</td></tr><tr><td>Commercial real estate</td><td>7</td><td>3</td><td>3</td><td>21</td><td>29</td></tr><tr><td>Commercial lease financing</td><td>19</td><td>15</td><td>40</td><td>41</td><td>15</td></tr><tr><td>Non-U.S. commercial</td><td>5</td><td>1</td><td>—</td><td>17</td><td>—</td></tr><tr><td></td><td>137</td><td>132</td><td>153</td><td>126</td><td>109</td></tr><tr><td>U.S. small business commercial</td><td>71</td><td>61</td><td>67</td><td>78</td><td>120</td></tr><tr><td>Total commercial</td><td>208</td><td>193</td><td>220</td><td>204</td><td>229</td></tr><tr><td>Total accruing loans and leases past due 90 days or more<sup>-3</sup></td><td>$5,887</td><td>$8,250</td><td>$12,653</td><td>$18,759</td><td>$24,582</td></tr></table>
<table><tr><td>(Dollars in millions)</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>Net income</td><td>$17,906</td><td>$15,836</td><td>$5,520</td></tr><tr><td>Other comprehensive income (loss), net-of-tax:</td><td></td><td></td><td></td></tr><tr><td>Net change in debt and marketable equity securities</td><td>-1,345</td><td>-1,580</td><td>4,149</td></tr><tr><td>Net change in debit valuation adjustments</td><td>-156</td><td>615</td><td>—</td></tr><tr><td>Net change in derivatives</td><td>182</td><td>584</td><td>616</td></tr><tr><td>Employee benefit plan adjustments</td><td>-524</td><td>394</td><td>-943</td></tr><tr><td>Net change in foreign currency translation adjustments</td><td>-87</td><td>-123</td><td>-157</td></tr><tr><td>Other comprehensive income (loss)</td><td>-1,930</td><td>-110</td><td>3,665</td></tr><tr><td>Comprehensive income</td><td>$15,976</td><td>$15,726</td><td>$9,185</td></tr></table>
<table><tr><td></td><td colspan="5">December 31, 2016</td></tr><tr><td>(Dollars in millions)</td><td>Gross Assets/Liabilities</td><td>Amounts Offset</td><td>Net Balance Sheet Amount</td><td>Financial Instruments</td><td>Net Assets/Liabilities</td></tr><tr><td>Securities borrowed or purchased under agreements to resell<sup>-1</sup></td><td>$326,970</td><td>$-128,746</td><td>$198,224</td><td>$-154,974</td><td>$43,250</td></tr><tr><td>Securities loaned or sold under agreements to repurchase</td><td>$299,028</td><td>$-128,746</td><td>$170,282</td><td>$-140,774</td><td>$29,508</td></tr><tr><td>Other</td><td>14,448</td><td>—</td><td>14,448</td><td>-14,448</td><td>—</td></tr><tr><td>Total</td><td>$313,476</td><td>$-128,746</td><td>$184,730</td><td>$-155,222</td><td>$29,508</td></tr><tr><td></td><td colspan="5">December 31, 2015</td></tr><tr><td>Securities borrowed or purchased under agreements to resell<sup>-1</sup></td><td>$347,281</td><td>$-154,799</td><td>$192,482</td><td>$-144,332</td><td>$48,150</td></tr><tr><td>Securities loaned or sold under agreements to repurchase</td><td>$329,078</td><td>$-154,799</td><td>$174,279</td><td>$-135,737</td><td>$38,542</td></tr><tr><td>Other</td><td>13,235</td><td>—</td><td>13,235</td><td>-13,235</td><td>—</td></tr><tr><td>Total</td><td>$342,313</td><td>$-154,799</td><td>$187,514</td><td>$-148,972</td><td>$38,542</td></tr></table>

Question: What's the average of Total consumer in 2014,2015 and 2016? (in million)
Answer: 8723.0