Commitments, Contingent Liabilities and Guarantees (Tables)

12 Months Ended

Dec. 31, 2014

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)		2014	2013
Commitments to extend credit	$	63,827	62,050
Letters of credit		3,974	4,129
Forward contracts related to held for sale mortgage loans		999	1,448
Noncancelable operating lease obligations		697	746
Capital commitments for private equity investments		78	90
Purchase obligations		77	84
Capital lease obligations		37	19
Capital expenditures		28	33

Credit Risk Associated With Commitments

Risk ratings under this risk rating system are summarized in the following table as of December 31:
($ in millions)		2014	2013
Pass	$	62,787	61,364
Special mention		660	369
Substandard		380	316
Doubtful		-	1
Total	$	63,827	62,050

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 expire as summarized in the following table as of December 31, 2014:
($ in millions)
Less than 1 year(a)	$	2,181
1 - 5 years(a)		1,750
Over 5 years		43
Total	$	3,974

• Includes $88and $17issued 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

Risk ratings under this risk rating system are summarized in the following table as of December 31:
($ in millions)		2014	2013
Pass	$	3,483	3,651
Special mention		147	99
Substandard		299	355
Doubtful		45	24
Total	$	3,974	4,129

Activity in Reserve for Representation and Warranty Provisions

The following table summarizes activity in the reserve for representation and warranty provisions for the years ended:
($ in millions)		2014	2013
Balance, beginning of period	$	44	110
Net additions to the reserve		6	7
Losses charged against the reserve		(15)	(73)
Balance, end of period	$	35	44

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]

The following tables provide a rollforward of unresolved claims by claimant type for the years ended:
	GSE			Private Label
December 31, 2014 ($ in millions)	Units		Dollars	Units		Dollars
Balance, beginning of period	264	$	41	33	$	5
New demands	744		95	14		2
Loan paydowns/payoffs	(44)		(5)	(2)		(1)
Resolved demands	(927)		(125)	(44)		(5)
Balance, end of period	37	$	6	1	$	1

	GSE			Private Label
December 31, 2013 ($ 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

Visa Funding and Bancorp Cash Payments

($ in millions)
		Visa		Bancorp Cash
Period		Funding Amount		Payment Amount
Q2 2010	$	500	$	20
Q4 2010		800		35
Q2 2011		400		19
Q1 2012		1,565		75
Q3 2012		150		6
Q3 2014		450		18