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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions
Jun. 30, 2011
Dec. 31, 2010
Jun. 30, 2010
Assets      
Cash and due from banks $ 2,380 [1] $ 2,159 [1] $ 2,216 [1]
Available-for-sale and other securities 15,502 [2],[3] 15,414 [3] 16,021 [3]
Held-to-maturity securities 344 [2],[4] 353 [4] 354 [4]
Trading securities 217 294 270
Other short-term investments 1,370 [1] 1,515 [1] 4,322 [1]
Loans held for sale 1,185 [5] 2,216 [5] 2,150 [5]
Portfolio loans and leases:      
Commercial and industrial loans 28,099 27,191 26,008
Commercial mortgage loans 10,233 [1] 10,845 [1] 11,481 [1]
Commercial construction loans 1,778 2,048 2,965
Commercial leases 3,326 3,378 3,271
Residential mortgage loans 9,849 [6] 8,956 [6] 7,707 [6]
Home equity 11,048 [1] 11,513 [1] 11,987 [1]
Automobile loans 11,315 [1] 10,983 [1] 10,285 [1]
Credit card 1,856 1,896 1,841
Other consumer loans and leases 463 681 687
Portfolio loans and leases 77,967 77,491 76,232
Allowance for loan and lease losses (2,614) [1],[7] (3,004) [1],[8] (3,693) [1]
Portfolio loans and leases, net 75,353 74,487 72,539
Bank premises and equipment 2,395 2,389 2,374
Operating lease equipment 492 479 489
Goodwill 2,417 2,417 2,417
Intangible assets 49 62 83
Servicing rights 847 822 646
Other assets 8,254 [1] 8,400 [1] 8,144 [1]
Total Assets 110,805 111,007 112,025
Deposits:      
Demand 22,589 21,413 19,256
Interest checking 18,072 18,560 17,759
Savings 21,764 20,903 19,646
Money market 4,859 5,035 4,666
Other time 6,399 7,728 10,966
Certificates - $100,000 and over 3,642 4,287 6,389
Foreign office and other 3,273 3,722 3,433
Total deposits 80,598 81,648 82,115
Federal funds purchased 403 279 240
Other short-term borrowings 2,702 1,574 1,556
Accrued taxes, interest and expenses 1,067 889 721
Other liabilities 3,282 [1] 2,979 [1] 2,703 [1]
Long-term debt 10,152 [1] 9,558 [1] 10,989 [1]
Total liabilities 98,204 96,927 98,324
Equity      
Common stock 2,051 [9] 1,779 [9] 1,779 [9]
Preferred stock 398 [10] 3,654 [10] 3,631 [10]
Capital surplus 2,769 [11] 1,715 [11] 1,696 [11]
Retained earnings 7,024 6,719 6,289
Accumulated other comprehensive income 396 314 440
Treasury stock (66) (130) (134)
Total Bancorp shareholders' equity 12,572 14,051 13,701
Noncontrolling interest 29 29  
Total Equity 12,601 14,080 13,701
Total Liabilities and Equity $ 110,805 $ 111,007 $ 112,025
[1] Includes $42, $52, and $74 of cash, $7, $7 and $7 of other short-term investments, $29, $29 and $0 of commercial mortgage loans, $231, $241 and $252 of home equity loans, $424, $648 and $911 of automobile loans, ($11), ($14) and ($16) of ALLL, $4, $7 and $7 of other assets, $8, $12 and $19 of other liabilities and $365, $692 and $996 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2011, December 31, 2010 and June 30, 2010, respectively. See Note 8.
[2] Actual maturities may differ from contractual maturities when there exists a right to call or prepay obligations with or without call or prepayment penalties.
[3] Amortized cost of $14,889, $14,919 and $15,356 at June 30, 2011, December 31, 2010 and June 30, 2010, respectively.
[4] Fair value of $344, $353 and $354 at June 30, 2011, December 31, 2010 and June 30, 2010, respectively.
[5] Includes $978, $1,892 and $1,747 of residential mortgage loans held for sale measured at fair value at June 30, 2011, December 31, 2010, and June 30, 2010, respectively.
[6] Includes $59, $46 and $41 of residential mortgage loans measured at fair value at June 30, 2011, December 31, 2010 and June 30, 2010, respectively.
[7] Includes $18 related to leverage leases.
[8] Includes $15 related to leverage leases.
[9] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at June 30, 2011 - 919,818,137 (excludes 4,074,443 treasury shares), December 31, 2010 - 796,272,522 (excludes 5,231,666 treasury shares) and June 30, 2010 - 796,319,712 shares (excludes 5,184,475 treasury shares).
[10] 317,680 shares of undesignated no par value preferred stock are authorized of which none had been issued; 5.0% cumulative Series F perpetual preferred stock with a $25,000 liquidation preference: 136,320 issued and outstanding at December 31, 2010 and June 30, 2010, which were redeemed on February 2, 2011; 8.5% non-cumulative Series G convertible (into 2,159.8272 common shares) perpetual preferred stock with a $25,000 liquidation preference: 46,000 authorized, 16,450 issued and outstanding at June 30, 2011, 16,451 issued and outstanding at December 31, 2010 and June 30, 2010.
[11] Includes a ten-year warrant initially valued at $239 to purchase up to 43,617,747 shares of common stock, no par value, related to Series F preferred stock, at an initial exercise price of $11.72 per share at December 31, 2010 and June 30, 2010, which was repurchased for $280 on March 16, 2011.