Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v2.4.0.8
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Guarantor Obligations
The table below also includes the notional amount of commitments of $14.7 billion and $18.3 billion at September 30, 2013 and December 31, 2012 that are accounted for under the fair value option. However, the table below excludes cumulative net fair value adjustments of $412 million and $528 million on these commitments, which are 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 17 – Fair Value Option.

Credit Extension Commitments
 
 
 
September 30, 2013
(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
$
84,608

 
$
102,677

 
$
133,045

 
$
22,056

 
$
342,386

Home equity lines of credit
3,711

 
16,398

 
21,976

 
14,631

 
56,716

Standby letters of credit and financial guarantees (1)
22,536

 
9,739

 
2,437

 
4,461

 
39,173

Letters of credit
1,603

 
76

 
764

 
290

 
2,733

Legally binding commitments
112,458

 
128,890

 
158,222

 
41,438

 
441,008

Credit card lines (2)
379,036

 

 

 

 
379,036

Total credit extension commitments
$
491,494

 
$
128,890

 
$
158,222

 
$
41,438

 
$
820,044

 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
Notional amount of credit extension commitments
 
 
 
 
 
 
 
 
 
Loan commitments
$
103,791

 
$
83,885

 
$
130,805

 
$
19,942

 
$
338,423

Home equity lines of credit
2,134

 
13,584

 
23,344

 
21,856

 
60,918

Standby letters of credit and financial guarantees (1)
24,593

 
11,387

 
3,094

 
4,751

 
43,825

Letters of credit
2,003

 
70

 
10

 
546

 
2,629

Legally binding commitments
132,521

 
108,926

 
157,253

 
47,095

 
445,795

Credit card lines (2)
397,862

 

 

 

 
397,862

Total credit extension commitments
$
530,383

 
$
108,926

 
$
157,253

 
$
47,095

 
$
843,657

(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 $28.6 billion and $10.1 billion at September 30, 2013, and $31.5 billion and $11.6 billion at December 31, 2012. Amounts include consumer SBLCs of $537 million and $669 million at September 30, 2013 and December 31, 2012.
(2) 
Includes business card unused lines of credit.