Commitments, Contingent Liabilities and Guarantees (Tables)

12 Months Ended

Dec. 31, 2015

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)		2015	2014
Commitments to extend credit	$	66,884	63,827
Letters of credit		3,055	3,974
Forward contracts related to held for sale residential mortgage loans		1,330	999
Noncancelable operating lease obligations		635	697
Capital commitments for private equity investments		60	78
Purchase obligations		60	77
Capital expenditures		30	28
Capital lease obligations		27	37

Credit Risk Associated With Commitments

Risk ratings under this risk rating system are summarized in the following table as of December 31:
($ in millions)		2015	2014
Pass	$	65,645	62,787
Special mention		647	660
Substandard		592	380
Total commitments to extend credit	$	66,884	63,827

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, 2015:
($ in millions)
Less than 1 year(a)	$	1,700
1 - 5 years(a)		1,301
Over 5 years		54
Total letters of credit	$	3,055

• Includes $28and $15issued on behalf of commercial customers to facilitate trade payments in U.S. dollars and foreign currencies which expire less than1 year and between 1 and 5 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)		2015	2014
Pass	$	2,606	3,483
Special mention		130	147
Substandard		258	299
Doubtful		61	45
Total letters of credit	$	3,055	3,974

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 December 31:
($ in millions)		2015	2014
Balance, beginning of period	$	35	44
Net (reductions) additions to the reserve		(3)	6
Losses charged against the reserve		(7)	(15)
Balance, end of period	$	25	35

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 December 31:
	GSE			Private Label
2015 ($ in millions)	Units		Dollars	Units		Dollars
Balance, beginning of period	37	$	6	1	$	1
New demands	436		33	261		42
Loan paydowns/payoffs	(29)		(2)	-		-
Resolved demands	(428)		(33)	(260)		(43)
Balance, end of period	16	$	4	2	$	-

	GSE			Private Label
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

Visa Funding and Bancorp Cash Payments

		Visa	Bancorp Cash
Period ($ in millions)		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