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Commitments, Contingent Liabilities and Guarantees (Tables)
 12 Months Ended
Dec. 31, 2013
Commitments, Contingent Liabilities and Guarantees  
Summary of Significant Commitments
The Bancorp has certain commitments to make future payments under contracts. The following table reflects a summary of significant commitments as of December 31:
      
($ in millions) 20132012
Commitments to extend credit$ 62,050  53,403 
Letters of credit  4,129  4,281 
Forward contracts related to held for sale mortgage loans  1,448  5,322 
Noncancelable lease obligations  746  769 
Capital commitments for private equity investments  90  121 
Purchase obligations  84  87 
Capital expenditures  33  29 
Capital lease obligations  19  24 
      
Credit Risk Associated With Commitments [Table Text Block]
Risk ratings under this risk rating system are summarized in the following table as of December 31:
      
($ in millions) 20132012
Pass$ 61,364  52,812 
Special mention  369  370 
Substandard  316  221 
Doubtful  1  - 
Total$ 62,050  53,403 
      
Standby and Commercial Letters of Credit, Conditional Commitments Issued to Guarantee the Performance of a Customer to a Third Party
Letters of credit
Standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party and as summarized in the following table expire as of December 31, 2013:
   
($ in millions)  
Less than 1 year(a)$ 1,899
1 - 5 years(a)  2,173
Over 5 years  57
Total$ 4,129

  • Includes $121 and $4 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 December 31:
      
($ in millions) 20132012
Pass$ 3,651  3,902 
Special mention  99  129 
Substandard  355  223 
Doubtful  24  27 
Total$ 4,129  4,281 
      
Activity in Reserve for Representation and Warranty Provisions
The following table summarizes activity in the reserve for representation and warranty provisions:
     
($ in millions) 20132012 
Balance, beginning of period$ 110 55 
Net additions to the reserve  7 107 
Losses charged against the reserve  (73) (52) 
Balance, end of period$ 44 110 
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 year ended December 31, 2013:
           
 GSE Private Label 
($ in millions)Units  Dollars Units  Dollars 
Balance, beginning of period 294 $ 48  124 $ 19 
New demands 1,962   259  237   4 
Loan paydowns/payoffs (20)   (3)  (6)   (1) 
Resolved demands (1,972)   (263)  (322)   (17) 
Balance, end of period 264 $ 41  33 $ 5 

The following table provides a rollforward of unresolved claims by claimant type for the year ended December 31, 2012:
           
 GSE Private Label 
($ in millions)Units  Dollars Units  Dollars 
Balance, beginning of period 328 $ 47  109 $ 19 
New demands 2,519   333  230   7 
Loan paydowns/payoffs (42)   (7)  (2)   - 
Resolved demands (2,511)   (325)  (213)   (7) 
Balance, end of period 294 $ 48  124 $ 19