Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.6.0.2
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Credit Extension Commitment Expirations
The table below also includes the notional amount of commitments of $7.0 billion and $10.9 billion at December 31, 2016 and 2015 that are accounted for under the fair value option. However, the table below excludes cumulative net fair value of $173 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 21 – Fair Value Option.
 
 
 
 
 
 
 
 
 
 
Credit Extension Commitments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 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
$
82,609

 
$
133,063

 
$
152,854

 
$
22,129

 
$
390,655

Home equity lines of credit
8,806

 
10,701

 
2,644

 
25,050

 
47,201

Standby letters of credit and financial guarantees (1)
19,165

 
10,754

 
3,225

 
1,027

 
34,171

Letters of credit
1,285

 
103

 
114

 
53

 
1,555

Legally binding commitments
111,865

 
154,621

 
158,837

 
48,259

 
473,582

Credit card lines (2)
377,773

 

 

 

 
377,773

Total credit extension commitments
$
489,638

 
$
154,621

 
$
158,837

 
$
48,259

 
$
851,355

 
 
 
 
 
 
 
 
 
 
 
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 $25.5 billion and $8.3 billion at December 31, 2016, and $25.5 billion and $8.4 billion at December 31, 2015. Amounts in the table include consumer SBLCs of $376 million and $164 million at December 31, 2016 and 2015.
(2)  
Includes business card unused lines of credit.