NOTE 4 Outstanding Loans and Leases The following tables present total outstanding loans and leases and an aging analysis for the Corporation’s Home Loans, Credit Card and Other Consumer, and Commercial portfolio segments, by class of financing receivables, at December 31, 2014 and 2013.
## Table 0 ##
(1) Home loans 30-59 days past due includes fully-insured loans of $2.1 billion and nonperforming loans of $392 million.
Home loans 60-89 days past due includes fully-insured loans of $1.1 billion and nonperforming loans of $332 million.
(2) Home loans includes fully-insured loans of $11.4 billion.
(3) Home loans includes $3.6 billion and direct/indirect consumer includes $27 million of nonperforming loans.
(4) PCI loan amounts are shown gross of the valuation allowance.
(5) Total outstandings includes pay option loans of $3.2 billion.
The Corporation no longer originates this product.
(6) Total outstandings includes dealer financial services loans of $37.7 billion, unsecured consumer lending loans of $1.5 billion, U. S.  securities-based lending loans of $35.8 billion, non-U.
S.  consumer loans of $4.0 billion, student loans of $632 million and other consumer loans of $761 million.
(7) Total outstandings includes consumer finance loans of $676 million, consumer leases of $1.0 billion, consumer overdrafts of $162 million and other non-U.
S.  consumer loans of $3 million.
(8) Consumer loans accounted for under the fair value option were residential mortgage loans of $1.9 billion and home equity loans of $196 million.
Commercial loans accounted for under the fair value option were U. S.  commercial loans of $1.9 billion and non-U.
S.  commercial loans of $4.7 billion.
For additional information, see Note 20 – Fair Value Measurements and Note 21 – Fair Value Option.
(9) Total outstandings includes U. S.  commercial real estate loans of $45.2 billion and non-U.
S.  commercial real estate loans of $2.5 billion.
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 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.
Certain objectors to the settlement filed crossappeals appealing the court’s approval of the settlement, some of whom subsequently withdrew their objections.
All appeals were fully briefed by September 22, 2014, and oral argument was held on October 23, 2014.
The court’s January 31, 2014 decision, order and judgment remain subject to these appeals and it is not possible at this time to predict when the court approval process will be completed.
Although the Corporation is not a party to the proceeding, certain of its rights and obligations under the settlement agreement are conditioned on final court approval of the settlement.
There can be no assurance final court approval 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 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.
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 Private-label Securitizations and Whole-loan Sales 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 representations and warranties claims with respect to the applicable trust are settled, and fully and finally released.
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.
Certain of the claims the Corporation receives are duplicate claims which represent more than one claim outstanding related to a particular loan, typically as the result of bulk claims submitted without individual file reviews.
The table below presents unresolved repurchase claims at December 31, 2014 and 2013.
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 Private-label Securitizations and Whole-loan Sales Experience in this Note and Note 12 – Commitments and Contingencies.
Unresolved Repurchase Claims by Counterparty and Product Type
## Table 1 ##
(1) The total notional amount of unresolved repurchase claims does not include repurchase claims related to the trusts covered by the BNY Mellon Settlement.
(2) Includes $14.1 billion and $13.8 billion of claims based on individual file reviews and $10.4 billion and $4.1 billion of claims submitted without individual file reviews at December 31, 2014 and 2013.
(3) At December 31, 2014, substantially all of the unresolved monoline claims pertain to secondlien loans and are currently the subject of litigation with a single monoline insurer.
(4) Represents more than one claim outstanding related to a particular loan, typically as the result of bulk claims submitted without individual file reviews.
The December 31, 2014 amount includes approximately $2.9 billion of duplicate claims related to private-label investors submitted without individual loan file reviews.
During 2014, the Corporation received $7.6 billion in new repurchase claims, including $6.3 billion of claims submitted without individual loan file reviews and $730 million of claims based on individual loan file reviews submitted by private-label securitization trustees and a financial guarantee provider, $347 million submitted by the GSEs for both Countrywide and legacy Bank of America originations not covered by the bulk settlements with the GSEs, and $265 million submitted by whole-loan investors.
During 2014, $2.0 billion in claims were resolved.
Of the claims resolved, $856 million were resolved through settlement, $535 million were resolved through rescissions and $594 million were resolved through mortgage repurchases and make-whole payments to GSEs, private-label securitization trusts and wholeloan investors.
The continued increase in the notional amount of unresolved repurchase claims during 2014 is primarily due to: (1) continued submission of claims by private-label securitization trustees, (2) the level of detail, support and analysis accompanying such claims, which impacts overall claim quality and, therefore, claims
Year-end loans and leases decreased $8.0 billion in 2014 due to a decrease in low-margin prime brokerage loans.
The return on average allocated capital was eight percent, up from four percent, largely driven by higher net income, partially offset by an increase in allocated capital.
Excluding net DVA/FVA and charges in 2013 related to the U. K.  corporate income tax rate reduction, the return on average allocated capital was eight percent, a decrease from 10 percent, driven by lower net income, excluding net DVA/FVA and the tax change, and an increase in allocated capital.
Sales and Trading Revenue Sales and trading revenue includes unrealized and realized gains and losses on trading and other assets, net interest income, and fees primarily from commissions on equity securities.
Sales and trading revenue is segregated into fixed income (government debt obligations, investment and non-investment grade corporate debt obligations, commercial mortgage-backed securities, residential mortgage-backed securities (RMBS), collateralized loan obligations (CLOs), interest rate and credit derivative contracts), currencies (interest rate and foreign exchange contracts), commodities (primarily futures, forwards, swaps and options) and equities (equity-linked derivatives and cash equity activity).
The following table and related discussion present sales and trading revenue, substantially all of which is in Global Markets, with the remainder in Global Banking.
In addition, the following table and related discussion present sales and trading revenue excluding the impact of net DVA/FVA, which is a non-GAAP financial measure.
We believe the use of this non-GAAP financial measure provides clarity in assessing the underlying performance of these businesses.
## Table 2 ##
(1) Includes FTE adjustments of $181 million and $180 million for 2014 and 2013.
For more information on sales and trading revenue, see Note 2 – Derivatives to the Consolidated Financial Statements.
(2) Includes Global Banking sales and trading revenue of $382 million and $385 million for 2014 and 2013.
(3) FICC and Equities sales and trading revenue, excluding the impact of net DVA and FVA, is a nonGAAP financial measure.
FICC net DVA/FVA losses were $307 million for 2014 compared to net DVA losses of $1.1 billion in 2013.
Equities net DVA/FVA gains were $67 million for 2014 compared to net DVA losses of $44 million in 2013.
Fixed-income, currency and commodities (FICC) revenue, excluding net DVA/FVA, decreased $332 million to $9.0 billion driven by declines in the rates and credit-related businesses due to both lower market volumes and volatility, partially offset by improvement in the commodities business.
The prior year included a $450 million write-down of a monoline receivable related to the settlement of a legacy matter.
Equities revenue, excluding net DVA/ FVA, decreased $76 million to $4.1 billion due to financing additional liquid asset buffers, pursuant to current regulatory requirements, primarily in our broker-dealer entities, which also negatively impacted FICC results.
securities, commissions related to purchases and sales are recorded in the “Other” column in the Sales and Trading Revenue table.
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, the majority of 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.
fiscal 2011, primarily because of increased business levels, an increase in revenue related to the sale and lease of our hardware products and increased revenue recognized from bookings in prior periods.
Maintenance revenue decreased on a standalone basis during fiscal 2012 as compared to fiscal 2011, primarily because of the increased allocation to product revenue due to the gradual decline in the average duration of our time-based software license arrangements over the last three years.
Product and maintenance revenue increased during fiscal 2011, as compared to fiscal 2010, due to reasons noted above and also due to the increase in revenue from the Denali business which we acquired in the second quarter of 2010.
We expect the aggregate of product and maintenance revenue will increase during fiscal 2013 due to increases in the revenue from our software and IP products, partially offset by an expected decrease in revenue from our hardware products.
Services revenue decreased during fiscal 2012, as compared to fiscal 2011, primarily because certain of our design services engineers have been redeployed to internal research and development projects and to assist with pre-sales activities.
Services revenue increased during fiscal 2011, as compared to fiscal 2010, primarily because of cash collections from customers on orders fulfilled in years prior to 2011 for which revenue was recognized in fiscal 2011 upon receipt of cash payment, and because of higher utilization rates for our services personnel.
We expect services revenue to decrease during fiscal 2013, as compared to fiscal 2012, as we expect certain of our design services engineers will continue to work on internal research and development projects, primarily related or our Design IP and VIP activities.
Revenue by Product Group The following table shows the percentage of product and related maintenance revenue contributed by each of our five product groups, and services and other during fiscal 2012, 2011 and 2010:

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="8">December 31, 2014</td></tr><tr><td>(Dollars in millions)</td><td>30-59 Days Past Due<sup>-1</sup></td><td>60-89 Days Past Due<sup>-1</sup></td><td>90 Days orMorePast Due<sup>-2</sup></td><td>Total PastDue 30 Daysor More</td><td>Total Current or Less Than 30 Days Past Due<sup>-3</sup></td><td>PurchasedCredit-impaired<sup>-4</sup></td><td>Loans Accounted for Under the Fair Value Option</td><td>TotalOutstandings</td></tr><tr><td>Home loans</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Core portfolio</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Residential mortgage</td><td>$1,847</td><td>$700</td><td>$5,561</td><td>$8,108</td><td>$154,112</td><td></td><td></td><td>$162,220</td></tr><tr><td>Home equity</td><td>218</td><td>105</td><td>744</td><td>1,067</td><td>50,820</td><td></td><td></td><td>51,887</td></tr><tr><td>Legacy Assets & Servicing portfolio</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Residential mortgage<sup>-5</sup></td><td>2,008</td><td>1,060</td><td>10,513</td><td>13,581</td><td>25,244</td><td>$15,152</td><td></td><td>53,977</td></tr><tr><td>Home equity</td><td>374</td><td>174</td><td>1,166</td><td>1,714</td><td>26,507</td><td>5,617</td><td></td><td>33,838</td></tr><tr><td>Credit card and other consumer</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U.S. credit card</td><td>494</td><td>341</td><td>866</td><td>1,701</td><td>90,178</td><td></td><td></td><td>91,879</td></tr><tr><td>Non-U.S. credit card</td><td>49</td><td>39</td><td>95</td><td>183</td><td>10,282</td><td></td><td></td><td>10,465</td></tr><tr><td>Direct/Indirect consumer<sup>-6</sup></td><td>245</td><td>71</td><td>65</td><td>381</td><td>80,000</td><td></td><td></td><td>80,381</td></tr><tr><td>Other consumer<sup>-7</sup></td><td>11</td><td>2</td><td>2</td><td>15</td><td>1,831</td><td></td><td></td><td>1,846</td></tr><tr><td>Total consumer</td><td>5,246</td><td>2,492</td><td>19,012</td><td>26,750</td><td>438,974</td><td>20,769</td><td></td><td>486,493</td></tr><tr><td>Consumer loans accounted for under the fair value option<sup>-8</sup></td><td></td><td></td><td></td><td></td><td></td><td></td><td>$2,077</td><td>2,077</td></tr><tr><td>Total consumer loans and leases</td><td>5,246</td><td>2,492</td><td>19,012</td><td>26,750</td><td>438,974</td><td>20,769</td><td>2,077</td><td>488,570</td></tr><tr><td>Commercial</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>U.S. commercial</td><td>320</td><td>151</td><td>318</td><td>789</td><td>219,504</td><td></td><td></td><td>220,293</td></tr><tr><td>Commercial real estate<sup>-9</sup></td><td>138</td><td>16</td><td>288</td><td>442</td><td>47,240</td><td></td><td></td><td>47,682</td></tr><tr><td>Commercial lease financing</td><td>121</td><td>41</td><td>42</td><td>204</td><td>24,662</td><td></td><td></td><td>24,866</td></tr><tr><td>Non-U.S. commercial</td><td>5</td><td>4</td><td>—</td><td>9</td><td>80,074</td><td></td><td></td><td>80,083</td></tr><tr><td>U.S. small business commercial</td><td>88</td><td>45</td><td>94</td><td>227</td><td>13,066</td><td></td><td></td><td>13,293</td></tr><tr><td>Total commercial</td><td>672</td><td>257</td><td>742</td><td>1,671</td><td>384,546</td><td></td><td></td><td>386,217</td></tr><tr><td>Commercial loans accounted for under the fair value option<sup>-8</sup></td><td></td><td></td><td></td><td></td><td></td><td></td><td>6,604</td><td>6,604</td></tr><tr><td>Total commercial loans and leases</td><td>672</td><td>257</td><td>742</td><td>1,671</td><td>384,546</td><td></td><td>6,604</td><td>392,821</td></tr><tr><td>Total loans and leases</td><td>$5,918</td><td>$2,749</td><td>$19,754</td><td>$28,421</td><td>$823,520</td><td>$20,769</td><td>$8,681</td><td>$881,391</td></tr><tr><td>Percentage of outstandings</td><td>0.67%</td><td>0.31%</td><td>2.24%</td><td>3.22%</td><td>93.44%</td><td>2.36%</td><td>0.98%</td><td>100.00%</td></tr></table>
<table><tr><td></td><td colspan="2">December 31</td></tr><tr><td>(Dollars in millions)</td><td>2014</td><td>2013</td></tr><tr><td>By counterparty</td><td></td><td></td></tr><tr><td>Private-label securitization trustees, whole-loan investors, including third-party securitization sponsors and other<sup>-1, 2</sup></td><td>$24,489</td><td>$17,953</td></tr><tr><td>Monolines<sup>-3</sup></td><td>1,087</td><td>1,532</td></tr><tr><td>GSEs</td><td>59</td><td>170</td></tr><tr><td>Total gross claims</td><td>25,635</td><td>19,655</td></tr><tr><td>Duplicate claims<sup>-4</sup></td><td>-3,213</td><td>-961</td></tr><tr><td>Total unresolved repurchase claims by counterparty, net of duplicate claims<sup>-2</sup></td><td>$22,422</td><td>$18,694</td></tr><tr><td>By product type</td><td></td><td></td></tr><tr><td>Prime loans</td><td>$587</td><td>$623</td></tr><tr><td>Alt-A</td><td>2,397</td><td>2,259</td></tr><tr><td>Home equity</td><td>2,221</td><td>1,905</td></tr><tr><td>Pay option</td><td>6,294</td><td>5,780</td></tr><tr><td>Subprime</td><td>13,928</td><td>8,928</td></tr><tr><td>Other</td><td>208</td><td>160</td></tr><tr><td>Total</td><td>25,635</td><td>19,655</td></tr><tr><td>Duplicate claims<sup>-4</sup></td><td>-3,213</td><td>-961</td></tr><tr><td>Total unresolved repurchase claims by product type, net of duplicate claims<sup>-2</sup></td><td>$22,422</td><td>$18,694</td></tr></table>
<table><tr><td>(Dollars in millions)</td><td>2014</td><td>2013</td></tr><tr><td>Sales and trading revenue</td><td></td><td></td></tr><tr><td>Fixed income, currencies and commodities</td><td>$8,706</td><td>$8,231</td></tr><tr><td>Equities</td><td>4,215</td><td>4,180</td></tr><tr><td>Total sales and trading revenue</td><td>$12,921</td><td>$12,411</td></tr><tr><td>Sales and trading revenue, excluding net DVA/FVA<sup>-3</sup></td><td></td><td></td></tr><tr><td>Fixed income, currencies and commodities</td><td>$9,013</td><td>$9,345</td></tr><tr><td>Equities</td><td>4,148</td><td>4,224</td></tr><tr><td>Total sales and trading revenue, excluding net DVA/FVA</td><td>$13,161</td><td>$13,569</td></tr></table>

Question: What's the current or Less Than 30 Days Past Due growth rate of Total loans and leases,in contrast with Total Past Due 30 Days or More?
Answer: 27.9758
Reasoning program: subtract(823520,28421), divide(#0,28421)