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Commitments, Contingent Liabilities and Guarantees (Tables)

6 Months Ended

Jun. 30, 2012

The Bancorp has certain commitments to make future payments under contracts. The following table reflects a summary of significant commitments as of:

($ in millions)		June 30, 2012	December 31, 2011	June 30, 2011
Commitments to extend credit	$	51,205	47,719	45,099
Forward contracts to sell mortgage loans		7,382	5,705	2,210
Letters of credit		4,581	4,744	5,096
Noncancelable lease obligations		809	851	840
Capital commitments for private equity investments		148	166	184
Purchase obligations		104	115	122
Capital expenditures		49	41	49
Capital lease obligations		22	26	19

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:

($ in millions)		June 30, 2012	December 31, 2011	June 30, 2011
Pass	$	50,549	46,825	44,090
Special mention		354	480	520
Substandard		302	403	451
Doubtful		-	11	38
Total	$	51,205	47,719	45,099

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 June 30, 2012, expire as summarized in the following table:

($ in millions)
Less than 1 year^(a)	$	1,991
1 - 5 years^(a)		2,515
Over 5 years		75
Total	$	4,581

Includes $56 and $12 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:


As of ($ in millions)		June 30, 2012	December 31, 2011	June 30, 2011
Pass	$	4,081	4,338	4,605
Special mention		220	149	193
Substandard		280	254	288
Doubtful		-	2	9
Loss		-	1	1
Total	$	4,581	4,744	5,096

Activity in Reserve for Representation and Warranty Provisions

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


		For the three months ended June 30,		For the six months ended June 30,
($ in millions)		2012	2011	2012	2011
Balance, beginning of period	$	55	73	55	85
Net additions to the reserve		15	6	29	14
Losses charged against the reserve		(13)	(19)	(27)	(39)
Balance, end of period	$	57	60	57	60

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 six months ended June 30, 2012:


	GSE			Private Label
($ in millions)	Units		Dollars	Units		Dollars
Balance, beginning of period	328	$	47	109	$	19
New demands	1,546		207	119		3
Loan paydowns/payoffs	(22)		(3)	-		-
Resolved claims	(1,385)		(172)	(111)		(4)
Balance, end of period	467	$	79	117	$	18

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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- Definition

Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.

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