Capital One 2011 Annual Report Download - page 52

In addition, we routinely execute transactions with counterparties in the financial services industry, including
brokers and dealers, commercial banks, investment banks, mutual and hedge funds and other institutional clients,
resulting in a significant credit concentration with respect to the financial services industry overall. As a result,
defaults by, or even rumors or questions about, one or more financial services institutions, or the financial
services industry generally, have led to market-wide liquidity problems and could lead to losses or defaults by us
or by other institutions.
Likewise, adverse developments affecting the overall strength and soundness of our competitors, the financial
services industry as a whole and the general economic climate or sovereign debt could have a negative impact on
perceptions about the strength and soundness of our business even if we are not subject to the same adverse
developments. In addition, adverse developments with respect to third parties with whom we have important
relationships also could negatively impact perceptions about us. These perceptions about us could cause our
business to be negatively affected and exacerbate the other risks that we face.
Item 1B. Unresolved Staff Comments
None.
Item 2. Properties
Our corporate real estate portfolio is used to support our business segments. We own our 587,000 square foot
headquarters building in McLean, Virginia which houses our executive offices and northern Virginia staff. We
own approximately 316 acres of land in Goochland County, Virginia which contains nearly 1.2 million square
feet of office space to house various business and staff groups. Additionally, we own 139 acres of land in Plano,
Texas which includes nearly 600,000 square feet of office space to support our Auto Finance business and other
functions.
Our Commercial and Consumer Banking segments utilize approximately 3.1 million square feet in owned
properties and 3.0 million square feet in leased locations across the District of Columbia, Louisiana, New Jersey,
Maryland, New York, Texas and Virginia for office and branch operations.
Our corporate real estate portfolio also includes leased or owned space totaling, in the aggregate, 3.4 million
square feet in Richmond, Toronto, Melville, New York City and various other locations.
Item 3. Legal Proceedings
The information required by Item 3 is included in “Note 21—Commitments, Contingencies and Guarantees.”
Item 4. Mine Safety Disclosures
Not applicable.
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