| Schedule of Credit Extension Commitment Expirations |
The table below also includes the notional amount of commitments of $8.1 billion and $10.9 billion at June 30, 2016 and December 31, 2015 that are accounted for under the fair value option. However, the table below excludes cumulative net fair value of $347 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 |
|
|
|
June 30, 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 |
$ |
78,341 |
|
|
$ |
122,261 |
|
|
$ |
149,771 |
|
|
$ |
24,486 |
|
|
$ |
374,859 |
|
Home equity lines of credit |
7,978 |
|
|
14,789 |
|
|
3,495 |
|
|
22,561 |
|
|
48,823 |
|
Standby letters of credit and financial guarantees (1)
|
20,022 |
|
|
10,908 |
|
|
3,645 |
|
|
1,075 |
|
|
35,650 |
|
Letters of credit |
1,836 |
|
|
102 |
|
|
126 |
|
|
39 |
|
|
2,103 |
|
Legally binding commitments |
108,177 |
|
|
148,060 |
|
|
157,037 |
|
|
48,161 |
|
|
461,435 |
|
Credit card lines (2)
|
376,457 |
|
|
— |
|
|
— |
|
|
— |
|
|
376,457 |
|
Total credit extension commitments |
$ |
484,634 |
|
|
$ |
148,060 |
|
|
$ |
157,037 |
|
|
$ |
48,161 |
|
|
$ |
837,892 |
|
|
|
|
|
|
|
|
|
|
|
|
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 $26.8 billion and $8.6 billion at June 30, 2016, and $25.5 billion and $8.4 billion at December 31, 2015. Amounts in the table include consumer SBLCs of $278 million and $164 million at June 30, 2016 and December 31, 2015.
|
|
|
(2) |
Includes business card unused lines of credit. |
|