Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.5.0.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Credit Extension Commitment Expirations
The table below also includes the notional amount of commitments of $8.1 billion and $10.9 billion at June 30, 2016 and December 31, 2015 that are accounted for under the fair value option. However, the table below excludes cumulative net fair value of $347 million and $658 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 15 – Fair Value Option.

Credit Extension Commitments
 
 
 
June 30, 2016
(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
$
78,341

 
$
122,261

 
$
149,771

 
$
24,486

 
$
374,859

Home equity lines of credit
7,978

 
14,789

 
3,495

 
22,561

 
48,823

Standby letters of credit and financial guarantees (1)
20,022

 
10,908

 
3,645

 
1,075

 
35,650

Letters of credit
1,836

 
102

 
126

 
39

 
2,103

Legally binding commitments
108,177

 
148,060

 
157,037

 
48,161

 
461,435

Credit card lines (2)
376,457

 

 

 

 
376,457

Total credit extension commitments
$
484,634

 
$
148,060

 
$
157,037

 
$
48,161

 
$
837,892

 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
Notional amount of credit extension commitments
 
 
 
 
 
 
 
 
 
Loan commitments
$
84,884

 
$
119,272

 
$
158,920

 
$
37,112

 
$
400,188

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
113,192

 
147,778

 
167,689

 
58,081

 
486,740

Credit card lines (2)
370,127

 

 

 

 
370,127

Total credit extension commitments
$
483,319

 
$
147,778

 
$
167,689

 
$
58,081

 
$
856,867

(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 $26.8 billion and $8.6 billion at June 30, 2016, and $25.5 billion and $8.4 billion at December 31, 2015. Amounts in the table include consumer SBLCs of $278 million and $164 million at June 30, 2016 and December 31, 2015.
(2) 
Includes business card unused lines of credit.