Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.8.0.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Credit Extension Commitment Expirations
The following table also includes the notional amount of commitments of $4.4 billion and $4.8 billion at March 31, 2018 and December 31, 2017 that are accounted for under the fair value option. However, the following table excludes cumulative net fair value of $120 million at both March 31, 2018 and December 31, 2017 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
 
 
 
 
 
 
 
 
 
 
 
 
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
(Dollars in millions)
March 31, 2018
Notional amount of credit extension commitments
 

 
 

 
 

 
 

 
 

Loan commitments
$
89,618

 
$
148,332

 
$
150,703

 
$
24,020

 
$
412,673

Home equity lines of credit
4,843

 
3,784

 
2,464

 
32,802

 
43,893

Standby letters of credit and financial guarantees (1)
20,833

 
10,062

 
2,687

 
1,345

 
34,927

Letters of credit
1,212

 
115

 
85

 
56

 
1,468

Legally binding commitments
116,506

 
162,293

 
155,939

 
58,223

 
492,961

Credit card lines (2)
368,608

 

 

 

 
368,608

Total credit extension commitments
$
485,114

 
$
162,293

 
$
155,939

 
$
58,223

 
$
861,569

 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
Notional amount of credit extension commitments
 

 
 

 
 

 
 

 
 

Loan commitments
$
85,804

 
$
140,942

 
$
147,043

 
$
21,342

 
$
395,131

Home equity lines of credit
6,172

 
4,457

 
2,288

 
31,250

 
44,167

Standby letters of credit and financial guarantees (1)
19,976

 
11,261

 
3,420

 
1,144

 
35,801

Letters of credit
1,291

 
117

 
129

 
87

 
1,624

Legally binding commitments
113,243

 
156,777

 
152,880

 
53,823

 
476,723

Credit card lines (2)
362,030

 

 

 

 
362,030

Total credit extension commitments
$
475,273

 
$
156,777

 
$
152,880

 
$
53,823

 
$
838,753

(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 $27.0 billion and $7.6 billion at March 31, 2018, and $27.3 billion and $8.1 billion at December 31, 2017. Amounts in the table include consumer SBLCs of $375 million and $421 million at March 31, 2018 and December 31, 2017.
(2)  
Includes business card unused lines of credit.