Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2012

Consolidation of Variable Interest Entities Disclosure

The following table provides a summary of the classifications of consolidated VIE assets, liabilities and noncontrolling interests included in the Bancorp’s Condensed Consolidated Balance Sheets as of:
		Home Equity	Automobile Loan	CDC
September 30, 2012 ($ in millions)		Securitization	Securitization	Investments	Total
Assets:
Cash and due from banks	$	-	-	-	-
Other short-term investments		-	-	-	-
Commercial mortgage loans		-	-	50	50
Home equity		-	-	-	-
Automobile loans		-	-	-	-
ALLL		-	-	(2)	(2)
Other assets		-	-	3	3
Total assets		-	-	51	51
Liabilities:
Other liabilities	$	-	-	-	-
Long-term debt		-	-	-	-
Total liabilities	$	-	-	-	-
Noncontrolling interests				51	51

		Home Equity	Automobile Loan	CDC
December 31, 2011 ($ in millions)		Securitization	Securitizations	Investments	Total
Assets:
Cash and due from banks	$	5	25	-	30
Other short-term investments		-	7	-	7
Commercial mortgage loans		-	-	50	50
Home equity		223	-	-	223
Automobile loans		-	259	-	259
ALLL		(5)	(3)	(2)	(10)
Other assets		1	1	2	4
Total assets		224	289	50	563
Liabilities:
Other liabilities		-	4	-	4
Long-term debt		22	169	-	191
Total liabilities	$	22	173	-	195
Noncontrolling interests				50	50
		Home Equity	Automobile Loan	CDC
September 30, 2011 ($ in millions)		Securitization	Securitizations	Investments	Total
Assets:
Cash and due from banks	$	5	30	-	35
Other short-term investments		-	7	-	7
Commercial mortgage loans		-	-	29	29
Home equity		228	-	-	228
Automobile loans		-	334	-	334
ALLL		(5)	(4)	(1)	(10)
Other assets		1	1	1	3
Total assets		229	368	29	626
Liabilities:
Other liabilities		-	5	-	5
Long-term debt		26	244	-	270
Total liabilities	$	26	249	-	275
Noncontrolling interest				29	29

Assets and Liabilities Related to Non-consolidated VIEs and Maximum Exposure to Losses

The following tables provide a summary of assets and liabilities carried on the Bancorp’s Condensed Consolidated Balance Sheets related to non-consolidated VIEs for which the Bancorp holds a variable interest, but is not the primary beneficiary to the VIE, as well as the Bancorp’s maximum exposure to losses associated with its interests in the entities:
		Total	Total	Maximum
As of September 30, 2012 ($ in millions)		Assets	Liabilities	Exposure
CDC investments	$	1,386	374	1,386
Private equity investments		187	12	324
Loans provided to VIEs		1,545	-	2,335
Restructured loans		6	-	6

		Total	Total	Maximum
As of December 31, 2011 ($ in millions)		Assets	Liabilities	Exposure
CDC investments	$	1,243	269	1,243
Private equity investments		161	3	327
Money market funds		53	-	62
Loans provided to VIEs		1,370	-	2,203
Restructured loans		10	-	12
		Total	Total	Maximum
As of September 30, 2011 ($ in millions)		Assets	Liabilities	Exposure
CDC investments	$	1,270	278	1,270
Private equity investments		117	-	295
Money market funds		61	-	70
Loans provided to VIEs		1,220	-	2,001
Restructured loans		11	-	13