Other Risk Management Derivatives Other risk management derivatives are used by the Corporation to reduce certain risk exposures.
These derivatives are not qualifying accounting hedges because either they did not qualify for or were not designated as accounting hedges.
The table below presents gains (losses) on these derivatives for 2012, 2011 and 2010.
These gains (losses) are largely offset by the income or expense that is recorded on the hedged item.
Other Risk Management Derivatives
## Table 0 ##
(1) Net gains on these derivatives are recorded in mortgage banking income (loss).
(2) Includes net gains on interest rate lock commitments related to the origination of mortgage loans that are held-for-sale, which are considered derivative instruments, of $3.0 billion, $3.8 billion and $8.7 billion for 2012, 2011 and 2010, respectively.
(3) Net gains (losses) on these derivatives are recorded in other income (loss).
(4) The majority of the balance is related to the revaluation of derivatives used to mitigate risk related to foreign currency-denominated debt which is recorded in other income (loss).
The offsetting revaluation of the foreign currency-denominated debt, while not included in the table above, is also recorded in other income (loss).
(5) Gains (losses) on these derivatives are recorded in personnel expense.
Sales and Trading Revenue The Corporation enters into trading derivatives to facilitate client transactions, for principal trading purposes, and to manage risk exposures arising from trading account assets and liabilities.
It is the Corporation’s policy to include these derivative instruments in its trading activities which include derivatives and non-derivative cash instruments.
The resulting risk from these derivatives is managed on a portfolio basis as part of the Corporation’s Global Markets business segment.
The related sales and trading revenue generated within Global Markets is recorded in various income statement line items including trading account profits and net interest income as well as other revenue categories.
However, the majority of income related to derivative instruments is recorded in trading account profits.
Sales and trading revenue includes changes in the fair value and realized gains and losses on the sales of trading and other assets, net interest income, and fees primarily from commissions on equity securities.
Revenue is generated by the difference in the client price for an instrument and the price at which the trading desk can execute the trade in the dealer market.
For equity securities, commissions related to purchases and sales are recorded in other income (loss).
Changes in the fair value of these securities are included in trading account profits.
For debt securities, revenue, with the exception of interest associated with the debt securities, is typically included in trading account profits.
Unlike commissions for equity securities, the initial revenue related to broker/dealer services for debt securities is typically included in the pricing of the instrument rather than being charged through separate fee arrangements.
Therefore, this revenue is recorded in trading account profits as part of the initial mark to fair value.
For derivatives, all revenue is included in trading account profits.
In transactions where the Corporation acts as agent, which include exchange-traded futures and options, fees are recorded in other income (loss).
Gains (losses) on certain instruments, primarily loans, that the Global Markets business segment shares with Global Banking are not considered trading instruments and are excluded from sales and trading revenue in their entirety.
NOTE 7 Securitizations and Other Variable Interest Entities The Corporation utilizes VIEs in the ordinary course of business to support its own and its customers’ financing and investing needs.
The Corporation routinely securitizes loans and debt securities using VIEs as a source of funding for the Corporation and as a means of transferring the economic risk of the loans or debt securities to third parties.
The assets are transferred into a trust or other securitization vehicle such that the assets are legally isolated from the creditors of the Corporation and are not available to satisfy its obligations.
These assets can only be used to settle obligations of the trust or other securitization vehicle.
The Corporation also administers, structures or invests in other VIEs including CDOs, investment vehicles and other entities.
For additional information on the Corporation’s utilization of VIEs, see Note 1 – Summary of Significant Accounting Principles.
The tables within this Note present the assets and liabilities of consolidated and unconsolidated VIEs at December 31, 2012 and 2011, in situations where the Corporation has continuing involvement with transferred assets or if the Corporation otherwise has a variable interest in the VIE.
The tables also present the Corporation’s maximum loss exposure at December 31, 2012 and 2011 resulting from its involvement with consolidated VIEs and unconsolidated VIEs in which the Corporation holds a variable interest.
The Corporation’s maximum loss exposure is based on the unlikely event that all of the assets in the VIEs become worthless and incorporates not only potential losses associated with assets recorded on the Corporation’s Consolidated Balance Sheet but also potential losses associated with off-balance sheet commitments such as unfunded liquidity commitments and other contractual arrangements.
The Corporation’s maximum loss exposure does not include losses previously recognized through write-downs of assets.
The Corporation invests in ABS issued by third-party VIEs with which it has no other form of involvement.
These securities are included in Note 2 – Trading Account Assets and Liabilities and Note 4 – Securities.
In addition, the Corporation uses VIEs such as trust preferred securities trusts in connection with its funding activities.
For additional information, see Note 12 – Long-term Debt.
The Corporation also uses VIEs in the form of synthetic securitization vehicles to mitigate a portion of the credit risk on its residential mortgage loan portfolio, as described in Note 5 – Outstanding Loans and Leases.
The Corporation uses VIEs, such as cash funds managed within Global Wealth & Investment Management (GWIM), to provide investment opportunities for clients.
These VIEs, which are not consolidated by the Corporation, are not included in the tables within this Note.
Except as described below, the Corporation did not provide financial support to consolidated or unconsolidated VIEs during 2012 or 2011 that it was not previously contractually required to provide, nor does it intend to do so.
Mortgage-related Securitizations First-lien Mortgages As part of its mortgage banking activities, the Corporation securitizes a portion of the first-lien residential mortgage loans it originates or purchases from third parties, generally in the form of MBS guaranteed by government-sponsored enterprises, FNMA and FHLMC (collectively the GSEs), or GNMA in the case of FHAinsured and U. S.  Department of Veterans Affairs (VA)-guaranteed mortgage loans.
Securitization usually occurs in conjunction with or shortly after loan closing or purchase.
In addition, the Corporation may, from time to time, securitize commercial mortgages it originates or purchases from other entities.
The Corporation typically services the loans it securitizes.
Further, the Corporation may retain beneficial interests in the securitization trusts including senior and subordinate securities and equity tranches issued by the trusts.
Except as described below and in Note 8 – Representations and Warranties Obligations and Corporate Guarantees, the Corporation does not provide guarantees or recourse to the securitization trusts other than standard representations and warranties.
The table below summarizes select information related to firstlien mortgage securitizations for 2012 and 2011.
## Table 1 ##
(1) The Corporation sells residential mortgage loans to GSEs in the normal course of business and receives MBS in exchange which may then be sold into the market to third-party investors for cash proceeds.
(2) Substantially all of the first-lien residential mortgage loans securitized are initially classified as LHFS and accounted for under the fair value option.
As such, gains are recognized on these LHFS prior to securitization.
During 2012 and 2011, the Corporation recognized $1.9 billion and $2.9 billion of gains on these LHFS, net of hedges.
In addition to cash proceeds as reported in the table above, the Corporation received securities with an initial fair value of $28 million and $545 million in connection with first-lien mortgage securitizations, principally residential agency securitizations, in 2012 and 2011.
All of these securities were initially classified as Level 2 assets within the fair value hierarchy.
During 2012 and 2011, there were no changes to the initial classification.
The Corporation recognizes consumer MSRs from the sale or securitization of first-lien mortgage loans.
Servicing fee and ancillary fee income on consumer mortgage loans serviced, including securitizations where the Corporation has continuing involvement, were $4.7 billion and $5.8 billion in 2012 and 2011.
Servicing advances on consumer mortgage loans, including securitizations where the Corporation has continuing involvement, were $23.2 billion and $26.0 billion at December 31, 2012 and 2011.
The Corporation may have the option to repurchase delinquent loans out of securitization trusts, which reduces the amount of servicing advances it is required to make.
During 2012 and 2011, $9.2 billion and $9.0 billion of loans were repurchased from first-lien securitization trusts as a result of loan delinquencies or in order to perform modifications.
The majority of these loans repurchased were FHA-insured mortgages collateralizing GNMA
Legacy Portfolios The Legacy Portfolios (both owned and serviced) include those loans that would not have been originated under our underwriting standards at December 31, 2010.
The Countrywide PCI portfolio as well as certain loans that met a pre-defined delinquency status or probability of default threshold as of January 1, 2011 are also included in the Legacy Portfolios.
Since determining the pool of loans to be included in the Legacy Portfolios as of January 1, 2011, the criteria have not changed for these portfolios, but will continue to be evaluated over time.
Legacy Owned Portfolio The Legacy Owned Portfolio includes those loans that met the criteria as described above and are on the balance sheet of the Corporation.
The home equity loan portfolio is held on the balance sheet of Legacy Assets & Servicing; whereas, the residential mortgage and discontinued real estate loan portfolios are held on the balance sheet of All Other.
The financial results of the onbalance sheet loans are reported in the segment that owns the loans or in All Other.
During 2012, the total loans in the Legacy Owned Portfolio decreased $23.8 billion to $131.1 billion at December 31, 2012, of which $48.2 billion was reflected on the Legacy Assets & Servicing balance sheet and the remainder was held on the balance sheet of All Other.
The decline was primarily related to paydowns and payoffs, but also reflects forgiveness of loans in connection with the National Mortgage Settlement, and charge-offs recorded on loans discharged in Chapter 7 bankruptcy under new regulatory guidance implemented during 2012.
For more information on the National Mortgage Settlement and the new regulatory guidance, see Consumer Portfolio Credit Risk Management on page 76.
Legacy Serviced Portfolio The Legacy Serviced Portfolio includes the Legacy Owned Portfolio and those loans serviced for outside investors that met the criteria as described above.
The following table summarizes the balances of the residential mortgage and discontinued real estate loans included in the Legacy Serviced Portfolio (collectively, the Legacy Residential Mortgage Serviced Portfolio) representing 39 percent, 41 percent and 48 percent of the total residential mortgage serviced portfolio, as measured by unpaid principal balance, of $1.2 trillion, $1.6 trillion and $1.9 trillion at December 31, 2012, 2011 and 2010, respectively.
The decline in the Legacy Residential Mortgage Serviced Portfolio was primarily related to servicing transfers, paydowns and payoffs.
Legacy Residential Mortgage Serviced Portfolio, a subset of the Residential Mortgage Serviced Portfolio (1)
## Table 2 ##
Non-Legacy Portfolio As discussed above, Legacy Assets & Servicing is responsible for all of our servicing activities.
The following table summarizes the balances of the residential mortgage and discontinued real estate loans that are not included in the Legacy Serviced Portfolio (the Non-Legacy Residential Mortgage Serviced Portfolio) representing 61 percent, 59 percent and 52 percent of the total residential mortgage serviced portfolio, as measured by unpaid principal balance, at December 31, 2012, 2011 and 2010, respectively.
The decline in the Non-Legacy Residential Mortgage Serviced Portfolio was primarily related to servicing transfers, paydowns and payoffs.
## Table 3 ##
(1) Excludes $64 billion, $67 billion and $69 billion of home equity loans and HELOCs at December 31, 2012, 2011 and 2010, respectively.
(2) Includes discontinued real estate loans.
Mortgage Banking Income CRES mortgage banking income (loss) is categorized into production and servicing income.
Core production income is comprised of revenue from the fair value gains and losses recognized on our interest rate lock commitments (IRLCs) and LHFS, the related secondary market execution, and costs related to representations and warranties in the sales transactions along with other obligations incurred in the sales of mortgage loans.
Ongoing costs related to representations and warranties and other obligations that were incurred in the sales of mortgage loans in prior periods are also included in production income.
Servicing income includes income earned in connection with servicing activities and MSR valuation adjustments, net of results from risk management activities used to hedge certain market risks of the MSRs.
The costs associated with our servicing activities are included in noninterest expense.
criticized balances and NPAs.
For more information regarding economic capital, see Supplemental Financial Data on page 31.
Global Corporate and Global Commercial Banking Global Corporate and Global Commercial Banking includes Global Treasury Services and Business Lending activities.
Global Treasury Services includes deposits, treasury management, credit card, foreign exchange, short-term investment and custody solutions to corporate and commercial banking clients.
Business Lending includes various loan-related products and services including commercial loans, leases, commitment facilities, trade finance, real estate lending, asset-based lending and direct/indirect consumer loans.
The table below presents a summary of Global Corporate and Global Commercial Banking results.
## Table 4 ##
Global Corporate and Global Commercial Banking revenue decreased $255 million to $14.0 billion in 2012 compared to 2011 primarily due to lower revenue in Business Lending that was partially offset by an increase in Global Treasury Services revenue.
Global Treasury Services revenue increased $122 million in Global Corporate Banking and $72 million in Global Commercial Banking in 2012 as growth in U. S.  and non-U.
S.  deposit balances and higher service charges offset the impact of the low rate environment.
Business Lending revenue in Global Corporate Banking remained relatively unchanged in 2012 compared to 2011 as lower net interest income impacted by the low rate environment and lower accretion on acquired portfolios was offset by growth in the loan portfolio and gains on fair value option loans.
Business Lending revenue decreased $411 million in Global Commercial Banking as managed reductions of commercial real estate criticized assets, run-off of a liquidating auto loan portfolio and lower accretion on acquired portfolios were partially offset by increases in the commercial and industrial loan portfolio.
Average loans and leases in Global Corporate and Global Commercial Banking increased three percent in 2012 driven by growth in U. S.  and non-U.
S.  commercial and industrial loans from greater client demand, partially offset by managed reductions of commercial real estate criticized assets and run-off of a liquidating auto loan portfolio.
Average deposits in Global Corporate and Global Commercial Banking increased five percent in 2012 compared to 2011 as balances continued to grow due to client liquidity, international growth and limited alternative investment options.
Investment Banking Client teams and product specialists underwrite and distribute debt, equity and other loan products, and provide advisory services and tailored risk management solutions.
The economics of certain 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 5 ##
Total Corporation investment banking fees, excluding self-led deals remained relatively unchanged in 2012 compared to 2011 as higher debt issuance fees partially offset lower equity issuance and advisory fees.
ITEM?1B.
UNRESOLVED STAFF COMMENTS None.
E*TRADE 2018 10-K | Page 24 ITEM?2.
PROPERTIES A summary of our significant locations at December?31, 2018 is shown in the following table.
Square footage amounts are net of space that has been sublet or space that is part of a facility restructuring.

Tables referenced above, in order (Table 0 first):
<table><tr><td>(Dollars in millions)</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>Price risk on mortgage banking production income<sup>-1, 2</sup></td><td>$3,022</td><td>$2,852</td><td>$9,109</td></tr><tr><td>Market-related risk on mortgage banking servicing income<sup>-1</sup></td><td>2,000</td><td>3,612</td><td>3,878</td></tr><tr><td>Credit risk on loans<sup>-3</sup></td><td>-95</td><td>30</td><td>-121</td></tr><tr><td>Interest rate and foreign currency risk on long-term debt and other foreign exchange transactions<sup>-4</sup></td><td>424</td><td>-48</td><td>-2,080</td></tr><tr><td>Price risk on restricted stock awards<sup>-5</sup></td><td>1,008</td><td>-610</td><td>-151</td></tr><tr><td>Other</td><td>58</td><td>281</td><td>42</td></tr><tr><td>Total</td><td>$6,417</td><td>$6,117</td><td>$10,677</td></tr></table>
<table><tr><td></td><td colspan="4">Residential Mortgage</td><td></td><td></td></tr><tr><td></td><td colspan="2">Agency</td><td colspan="2">Non-agency</td><td colspan="2">Commercial Mortgage</td></tr><tr><td>(Dollars in millions)</td><td>2012</td><td>2011</td><td>2012</td><td>2011</td><td>2012</td><td>2011</td></tr><tr><td>Cash proceeds from new securitizations<sup>-1</sup></td><td>$39,526</td><td>$142,910</td><td>$—</td><td>$36</td><td>$903</td><td>$4,468</td></tr><tr><td>Loss on securitizations, net of hedges<sup>-2</sup></td><td>-212</td><td>-373</td><td>—</td><td>—</td><td>—</td><td>—</td></tr></table>
<table><tr><td></td><td colspan="3">December 31</td></tr><tr><td>(Dollars in billions)</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>Unpaid principal balance</td><td></td><td></td><td></td></tr><tr><td>Residential mortgage loans<sup>-2</sup></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>$467</td><td>$659</td><td>$912</td></tr><tr><td>60 days or more past due</td><td>137</td><td>235</td><td>312</td></tr><tr><td>Number of loans serviced (in thousands)</td><td></td><td></td><td></td></tr><tr><td>Residential mortgage loans<sup>-2</sup></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>2,542</td><td>3,440</td><td>4,660</td></tr><tr><td>60 days or more past due</td><td>649</td><td>1,061</td><td>1,373</td></tr></table>
<table><tr><td></td><td colspan="3">December 31</td></tr><tr><td>(Dollars in billions)</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>Unpaid principal balance</td><td></td><td></td><td></td></tr><tr><td>Residential mortgage loans<sup>-2</sup></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>$744</td><td>$953</td><td>$977</td></tr><tr><td>60 days or more past due</td><td>22</td><td>17</td><td>1</td></tr><tr><td>Number of loans serviced (in thousands)</td><td></td><td></td><td></td></tr><tr><td>Residential mortgage loans<sup>-2</sup></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>4,764</td><td>5,731</td><td>5,773</td></tr><tr><td>60 days or more past due</td><td>124</td><td>95</td><td>—</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>2012</td><td>2011</td><td>2012</td><td>2011</td><td>2012</td><td>2011</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>$3,202</td><td>$3,240</td><td>$4,585</td><td>$4,996</td><td>$7,787</td><td>$8,236</td></tr><tr><td>Global Treasury Services</td><td>2,629</td><td>2,507</td><td>3,561</td><td>3,489</td><td>6,190</td><td>5,996</td></tr><tr><td>Total revenue, net of interest expense</td><td>$5,831</td><td>$5,747</td><td>$8,146</td><td>$8,485</td><td>$13,977</td><td>$14,232</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>$110,109</td><td>$101,956</td><td>$161,951</td><td>$162,526</td><td>$272,060</td><td>$264,482</td></tr><tr><td>Total deposits</td><td>114,185</td><td>108,749</td><td>135,096</td><td>128,513</td><td>249,281</td><td>237,262</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>$116,234</td><td>$113,978</td><td>$172,018</td><td>$163,256</td><td>$288,252</td><td>$277,234</td></tr><tr><td>Total deposits</td><td>131,181</td><td>110,898</td><td>138,517</td><td>135,423</td><td>269,698</td><td>246,321</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>2012</td><td>2011</td><td>2012</td><td>2011</td></tr><tr><td>Products</td><td></td><td></td><td></td><td></td></tr><tr><td>Advisory</td><td>$995</td><td>$1,183</td><td>$1,066</td><td>$1,248</td></tr><tr><td>Debt issuance</td><td>1,385</td><td>1,287</td><td>3,362</td><td>2,878</td></tr><tr><td>Equity issuance</td><td>407</td><td>591</td><td>1,026</td><td>1,459</td></tr><tr><td>Gross investment banking fees</td><td>$2,787</td><td>$3,061</td><td>$5,454</td><td>$5,585</td></tr><tr><td>Self-led</td><td>-42</td><td>-164</td><td>-155</td><td>-368</td></tr><tr><td>Total investment banking fees</td><td>$2,745</td><td>$2,897</td><td>$5,299</td><td>$5,217</td></tr></table>

Question: What will Debt issuance of Global Banking be like in 2013 if it develops with the same increasing rate as current? (in dollars in millions)
Answer: 1490.46
Reasoning program: subtract(1385,1287), divide(#0,1287), add(const_1,#1), multiply(1385,#2)