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Commitments, Contingent Liabilities and Guarantees (Tables)
9 Months Ended
Sep. 30, 2011
Summary of Significant Commitments

The following table reflects a summary of significant commitments as of:

  September 30,December 31.September 30,
($ in millions) 201120102010
Commitments to extend credit$ 46,019  43,677  43,003 
Letters of credit  4,949  5,516  5,847 
Forward contracts to sell mortgage loans  4,602  6,389  7,637 
Noncancelable lease obligations  856  869  874 
Capital commitments for private equity investments  178  193  176 
Purchase obligations  117  64  42 
Capital expenditures  42  48  44 
Capital lease obligations  25  32  38 
Credit Risk Associated With Commitments [Table Text Block]

The Bancorp monitors the credit risk associated with commitments to extend credit using the same risk rating system utilized within its loan and lease portfolio. Risk ratings under this risk rating system are summarized in the following table:

  September 30,December 31,September 30,
($ in millions) 201120102010
Pass$ 45,015  42,326  41,523 
Special mention  545  556  650 
Substandard  443  758  774 
Doubtful  16  37  56 
Total$ 46,019  43,677  43,003 
Standby and Commercial Letters of Credit, Conditional Commitments Issued to Guarantee the Performance of a Customer to a Third Party

Standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party and, as of September 30, 2011, expire as summarized in the following table:

 

($ in millions)  
Less than 1 year(a)$ 2,009
1 - 5 years(a)  2,763
Over 5 years  177
Total$ 4,949

  • Includes $112 and $1 issued on behalf of commercial customers to facilitate trade payments in U.S. dollars and foreign currencies which expire less than one year and between one and five years, respectively.

Credit Risk Associated With Letters Of Credit [Table Text Block]

Risk ratings under this risk rating system are summarized in the following table:

  September 30,December 31,September 30,
($ in millions) 201120102010
Pass$ 4,486  4,944  5,257 
Special mention  204  193  269 
Substandard  253  360  316 
Doubtful  5  17  5 
Loss  1  2  - 
Total$ 4,949  5,516  5,847 
Activity in Reserve for Representation and Warranty Provisions

The following table summarizes activity in the reserve for representation and warranty provisions:

 

  Three Months EndedNine Months Ended
  September 30,September 30,
($ in millions) 20112010 20112010 
Balance, beginning of period$ 60 65  85 37 
Net additions to the reserve  20 47  34 98 
Losses charged against the reserve  (28) (26)  (67) (49) 
Balance, end of period$ 52 86  52 86 
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]

The following table provides a rollforward of unresolved claims by claimant type for the nine months ended September 30, 2011:

 GSE Private Label 
($ in millions)Units  Dollars Units  Dollars 
Balance, beginning of period 845 $ 150  71 $ 11 
New demands 1,550   259  93   22 
Loan paydowns/payoffs (17)   (3)  (2)   - 
Resolved claims (1,977)   (342)  (62)   (12) 
Balance, end of period 401 $ 64  100 $ 21