Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.3.1.900
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Credit Extension Commitment Expirations
The table below also includes the notional amount of commitments of $10.9 billion and $9.9 billion at December 31, 2015 and 2014 that are accounted for under the fair value option. However, the table below excludes cumulative net fair value of $658 million and $405 million on these commitments, which is classified in accrued expenses and other liabilities. For more information regarding the Corporation’s loan commitments accounted for under the fair value option, see Note 21 – Fair Value Option.
 
 
 
 
 
 
 
 
 
 
Credit Extension Commitments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
(Dollars in millions)
Expire in One
Year or Less
 
Expire After One
Year Through
Three Years
 
Expire After Three
Years Through
Five Years
 
Expire After Five
Years
 
Total
Notional amount of credit extension commitments
 

 
 

 
 

 
 

 
 

Loan commitments
$
87,873

 
$
119,272

 
$
158,920

 
$
37,112

 
$
403,177

Home equity lines of credit
7,074

 
18,438

 
5,126

 
19,697

 
50,335

Standby letters of credit and financial guarantees (1)
19,584

 
9,903

 
3,385

 
1,218

 
34,090

Letters of credit
1,650

 
165

 
258

 
54

 
2,127

Legally binding commitments
116,181

 
147,778

 
167,689

 
58,081

 
489,729

Credit card lines (2)
370,127

 

 

 

 
370,127

Total credit extension commitments
$
486,308

 
$
147,778

 
$
167,689

 
$
58,081

 
$
859,856

 
 
 
 
 
 
 
 
 
 
 
December 31, 2014
Notional amount of credit extension commitments
 

 
 

 
 

 
 

 
 

Loan commitments
$
79,897

 
$
97,583

 
$
146,743

 
$
18,942

 
$
343,165

Home equity lines of credit
6,292

 
19,679

 
12,319

 
15,417

 
53,707

Standby letters of credit and financial guarantees (1)
19,259

 
9,106

 
4,519

 
1,807

 
34,691

Letters of credit
1,883

 
157

 
35

 
88

 
2,163

Legally binding commitments
107,331

 
126,525

 
163,616

 
36,254

 
433,726

Credit card lines (2)
363,989

 

 

 

 
363,989

Total credit extension commitments
$
471,320

 
$
126,525

 
$
163,616

 
$
36,254

 
$
797,715

(1)  
The notional amounts of SBLCs and financial guarantees classified as investment grade and non-investment grade based on the credit quality of the underlying reference name within the instrument were $25.5 billion and $8.4 billion at December 31, 2015, and $26.1 billion and $8.2 billion at December 31, 2014. Amounts in the table include consumer SBLCs of $164 million and $396 million at December 31, 2015 and 2014.
(2)  
Includes business card unused lines of credit.