segment results 2013 operating basis ( a ) ( b ) ( table continued from previous page ) year ended december 31 , operating earnings return on common equity 2013 goodwill ( c ) .
[['year ended december 31 , ( in millions except ratios )', 'year ended december 31 , 2005', 'year ended december 31 , 2004', 'year ended december 31 , change', '2005', '2004'], ['investment bank', '$ 3658', '$ 2948', '24% ( 24 % )', '18% ( 18 % )', '17% ( 17 % )'], ['retail financial services', '3427', '2199', '56', '26', '24'], ['card services', '1907', '1274', '50', '16', '17'], ['commercial banking', '1007', '608', '66', '30', '29'], ['treasury & securities services', '1037', '440', '136', '55', '17'], ['asset & wealth management', '1216', '681', '79', '51', '17'], ['corporate', '-1731 ( 1731 )', '61', 'nm', 'nm', 'nm'], ['total', '$ 10521', '$ 8211', '28% ( 28 % )', '17% ( 17 % )', '16% ( 16 % )']]
jpmorgan chase & co ./ 2005 annual report 35 and are retained in corporate .these retained expenses include parent company costs that would not be incurred if the segments were stand-alone businesses ; adjustments to align certain corporate staff , technology and operations allocations with market prices ; and other one-time items not aligned with the business segments .during 2005 , the firm refined cost allocation methodologies related to certain corporate functions , technology and operations expenses in order to improve transparency , consistency and accountability with regard to costs allocated across business segments .prior periods have not been revised to reflect these new cost allocation methodologies .capital allocation each business segment is allocated capital by taking into consideration stand- alone peer comparisons , economic risk measures and regulatory capital requirements .the amount of capital assigned to each business is referred to as equity .at the time of the merger , goodwill , as well as the associated capital , was allocated solely to corporate .effective january 2006 , the firm expects to refine its methodology for allocating capital to the business segments to include any goodwill associated with line of business-directed acquisitions since the merger .u.s .gaap requires the allocation of goodwill to the business segments for impairment testing ( see critical accounting estimates used by the firm and note 15 on pages 81 2013 83 and 114 2013116 , respectively , of this annual report ) .see the capital management section on page 56 of this annual report for a discussion of the equity framework .credit reimbursement tss reimburses the ib for credit portfolio exposures the ib manages on behalf of clients the segments share .at the time of the merger , the reimbursement methodology was revised to be based upon pre-tax earnings , net of the cost of capital related to those exposures .prior to the merger , the credit reimbursement was based upon pre-tax earnings , plus the allocated capital associated with the shared clients .tax-equivalent adjustments segment and firm results reflect revenues on a tax-equivalent basis for segment reporting purposes .refer to explanation and reconciliation of the firm 2019s non-gaap financial measures on page 31 of this annual report for additional details .description of business segment reporting methodology results of the business segments are intended to reflect each segment as if it were essentially a stand-alone business .the management reporting process that derives these results allocates income and expense using market-based methodologies .effective with the merger on july 1 , 2004 , several of the allocation methodologies were revised , as noted below .as prior periods have not been revised to reflect these new methodologies , they are not comparable to the presentation of periods beginning with the third quarter of 2004 .further , the firm continues to assess the assumptions , methodologies and reporting reclassifications used for segment reporting , and further refinements may be implemented in future periods .revenue sharing when business segments join efforts to sell products and services to the firm 2019s clients , the participating business segments agree to share revenues from those transactions .these revenue-sharing agreements were revised on the merger date to provide consistency across the lines of business .funds transfer pricing funds transfer pricing ( 201cftp 201d ) is used to allocate interest income and expense to each business and transfer the primary interest rate risk exposures to corporate .the allocation process is unique to each business and considers the interest rate risk , liquidity risk and regulatory requirements of its stand- alone peers .business segments may retain certain interest rate exposures , subject to management approval , that would be expected in the normal operation of a similar peer business .in the third quarter of 2004 , ftp was revised to conform the policies of the combined firms .expense allocation where business segments use services provided by support units within the firm , the costs of those support units are allocated to the business segments .those expenses are allocated based upon their actual cost , or the lower of actual cost or market cost , as well as upon usage of the services provided .effective with the third quarter of 2004 , the cost allocation methodologies of the heritage firms were aligned to provide consistency across the business segments .in addition , expenses related to certain corporate functions , technology and operations ceased to be allocated to the business segments .

Question: without the commercial banking segment , what would 2005 operating income have been reduced to , in us$ m?
Answer: 9514