| Credit Extension Commitments |
The table below also includes the notional amount of commitments of $27.7 billion and $27.3 billion at September 30, 2011 and December 31, 2010 that are accounted for under the fair value option. However, the table below excludes fair value adjustments of $1.3 billion and $866 million on these commitments, which are classified in accrued expenses and other liabilities. For information regarding the Corporation’s loan commitments accounted for under the fair value option, see Note 17 – Fair Value Option.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2011 |
(Dollars in millions) |
Expire in 1
Year or Less |
|
Expire after 1
Year through
3 Years |
|
Expire after 3
Years through
5 Years |
|
Expire after 5
Years |
|
Total |
Notional amount of credit extension commitments |
|
|
|
|
|
|
|
|
|
Loan commitments |
$ |
114,559 |
|
|
$ |
97,807 |
|
|
$ |
95,965 |
|
|
$ |
19,446 |
|
|
$ |
327,777 |
|
Home equity lines of credit |
1,615 |
|
|
6,348 |
|
|
20,303 |
|
|
40,324 |
|
|
68,590 |
|
Standby letters of credit and financial guarantees (1)
|
28,674 |
|
|
18,855 |
|
|
7,293 |
|
|
5,375 |
|
|
60,197 |
|
Letters of credit (2)
|
3,111 |
|
|
83 |
|
|
7 |
|
|
237 |
|
|
3,438 |
|
Legally binding commitments |
147,959 |
|
|
123,093 |
|
|
123,568 |
|
|
65,382 |
|
|
460,002 |
|
Credit card lines (3)
|
482,090 |
|
|
— |
|
|
— |
|
|
— |
|
|
482,090 |
|
Total credit extension commitments |
$ |
630,049 |
|
|
$ |
123,093 |
|
|
$ |
123,568 |
|
|
$ |
65,382 |
|
|
$ |
942,092 |
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2010 |
Notional amount of credit extension commitments |
|
|
|
|
|
|
|
|
|
Loan commitments |
$ |
152,926 |
|
|
$ |
144,461 |
|
|
$ |
43,465 |
|
|
$ |
16,172 |
|
|
$ |
357,024 |
|
Home equity lines of credit |
1,722 |
|
|
4,290 |
|
|
18,207 |
|
|
55,886 |
|
|
80,105 |
|
Standby letters of credit and financial guarantees (1)
|
35,275 |
|
|
18,940 |
|
|
4,144 |
|
|
5,897 |
|
|
64,256 |
|
Letters of credit (2)
|
3,698 |
|
|
110 |
|
|
— |
|
|
874 |
|
|
4,682 |
|
Legally binding commitments |
193,621 |
|
|
167,801 |
|
|
65,816 |
|
|
78,829 |
|
|
506,067 |
|
Credit card lines (3)
|
497,068 |
|
|
— |
|
|
— |
|
|
— |
|
|
497,068 |
|
Total credit extension commitments |
$ |
690,689 |
|
|
$ |
167,801 |
|
|
$ |
65,816 |
|
|
$ |
78,829 |
|
|
$ |
1,003,135 |
|
|
|
(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 $40.5 billion and $18.6 billion at September 30, 2011 and $41.1 billion and $22.4 billion at December 31, 2010. Amount includes consumer letters of credit of $724 million and other letters of credit of $362 million at September 30, 2011.
|
|
|
(2) |
Amount includes $117 million and $849 million of consumer letters of credit and $3.3 billion and $3.8 billion of commercial letters of credit at September 30, 2011 and December 31, 2010.
|
|
|
(3) |
Includes business card unused lines of credit. |
|