Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.4.0.3
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Credit Extension Commitment Expirations
The table below also includes the notional amount of commitments of $9.6 billion and $10.9 billion at March 31, 2016 and December 31, 2015 that are accounted for under the fair value option. However, the table below excludes cumulative net fair value of $509 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 15 – Fair Value Option.

Credit Extension Commitments
 
 
 
March 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
$
86,955

 
$
118,300

 
$
148,779

 
$
32,234

 
$
386,268

Home equity lines of credit
7,536

 
16,905

 
4,323

 
21,126

 
49,890

Standby letters of credit and financial guarantees (1)
20,512

 
9,934

 
3,173

 
1,018

 
34,637

Letters of credit
1,415

 
100

 
66

 
44

 
1,625

Legally binding commitments
116,418

 
145,239

 
156,341

 
54,422

 
472,420

Credit card lines (2)
378,573

 

 

 

 
378,573

Total credit extension commitments
$
494,991

 
$
145,239

 
$
156,341

 
$
54,422

 
$
850,993

 
 
 
 
 
 
 
 
 
 
 
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 $25.8 billion and $8.5 billion at March 31, 2016, and $25.5 billion and $8.4 billion at December 31, 2015. Amounts in the table include consumer SBLCs of $335 million and $164 million at March 31, 2016 and December 31, 2015.
(2) 
Includes business card unused lines of credit.