Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.8.0.1
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Credit Extension Commitment Expirations
The table below also includes the notional amount of commitments of $4.9 billion and $7.0 billion at September 30, 2017 and December 31, 2016 that are accounted for under the fair value option. However, the table below excludes cumulative net fair value of $101 million and $173 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
 
 
 
 
 
 
 
 
 
 
September 30, 2017
(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
$
81,579

 
$
133,609

 
$
145,154

 
$
18,639

 
$
378,981

Home equity lines of credit
7,400

 
5,531

 
2,212

 
30,265

 
45,408

Standby letters of credit and other (1)
21,520

 
10,814

 
2,760

 
1,221

 
36,315

Letters of credit
1,220

 
102

 
95

 
80

 
1,497

Legally binding commitments
111,719

 
150,056

 
150,221

 
50,205

 
462,201

Credit card lines (2)
365,007

 

 

 

 
365,007

Total credit extension commitments
$
476,726

 
$
150,056

 
$
150,221

 
$
50,205

 
$
827,208

 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
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

(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 $26.5 billion and $8.2 billion at September 30, 2017, and $25.5 billion and $8.3 billion at December 31, 2016. Amounts in the table include consumer SBLCs of $375 million and $376 million at September 30, 2017 and December 31, 2016.
(2)  
Includes business card unused lines of credit.