XML 65 R46.htm IDEA: XBRL DOCUMENT

Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2017

Notional Amounts and Fair Values for All Derivative Instruments Included in the Consolidated Balance Sheets

The following tables reflect the notional amounts and fair values for all derivative instruments included in the Condensed Consolidated Balance Sheets as of:

				Fair Value
		Notional		Derivative	Derivative
September 30, 2017 ($ in millions)		Amount		Assets	Liabilities
Derivatives Designated as Qualifying Hedging Instruments:
Fair value hedges:
Interest rate swaps related to long-term debt	$	2,955		310	-
Total fair value hedges				310	-
Cash flow hedges:
Interest rate swaps related to C&I loans		4,475		-	17
Total cash flow hedges				-	17
Total derivatives designated as qualifying hedging instruments				310	17
Derivatives Not Designated as Qualifying Hedging Instruments:
Free-standing derivatives - risk management and other business purposes:
Interest rate contracts related to MSR portfolio		11,452		44	17
Forward contracts related to residential mortgage loans held for sale		2,297		2	2
Swap associated with the sale of Visa, Inc. Class B Shares		1,753		-	136
Foreign exchange contracts		118		1	-
Total free-standing derivatives - risk management and other business purposes				47	155
Free-standing derivatives - customer accommodation:
Interest rate contracts		41,065		160	121
Interest rate lock commitments		652		13	-
Commodity contracts		2,800		76	76
TBAs		273		-	-
Foreign exchange contracts		9,928		129	130
Total free-standing derivatives - customer accommodation				378	327
Total derivatives not designated as qualifying hedging instruments				425	482
Total			$	735	499


				Fair Value
		Notional		Derivative	Derivative
December 31, 2016 ($ in millions)		Amount		Assets	Liabilities
Derivatives Designated as Qualifying Hedging Instruments:
Fair value hedges:
Interest rate swaps related to long-term debt	$	3,455		323	12
Total fair value hedges				323	12
Cash flow hedges:
Interest rate swaps related to C&I loans		4,475		22	-
Total cash flow hedges				22	-
Total derivatives designated as qualifying hedging instruments				345	12
Derivatives Not Designated as Qualifying Hedging Instruments:
Free-standing derivatives - risk management and other business purposes:
Interest rate contracts related to MSR portfolio		10,522		165	39
Forward contracts related to residential mortgage loans held for sale		1,823		20	3
Swap associated with the sale of Visa, Inc. Class B Shares		1,300		-	91
Foreign exchange contracts		111		-	-
Total free-standing derivatives - risk management and other business purposes				185	133
Free-standing derivatives - customer accommodation:
Interest rate contracts		33,431		205	210
Interest rate lock commitments		701		13	1
Commodity contracts		2,095		107	106
Foreign exchange contracts		11,013		202	204
Total free-standing derivatives - customer accommodation				527	521
Total derivatives not designated as qualifying hedging instruments				712	654
Total			$	1,057	666

Net Gains (Losses) Recognized in the Income Statement Related to Derivatives in Fair Value Hedging Relationships

The following table reflects the change in fair value of interest rate contracts, designated as fair value hedges, as well as the change in fair value of the related hedged items attributable to the risk being hedged, included in the Condensed Consolidated Statements of Income:

			For the three months		For the nine months
	Condensed Consolidated		ended September 30,		ended September 30,
($ in millions)	Statements of Income Caption		2017	2016	2017	2016
Change in fair value of interest rate swaps hedging long-term debt	Interest on long-term debt	$	(6)	(19)	(13)	103
Change in fair value of hedged long-term debt attributable to the risk being hedged	Interest on long-term debt		5	17	11	(109)

Net Gains (Losses) Relating to Derivative Instruments Designated as Cash Flow Hedges

The following table presents the pretax net gains (losses) recorded in the Condensed Consolidated Statements of Income and in the Condensed Consolidated Statements of Comprehensive Income relating to derivative instruments designated as cash flow hedges:

		For the three months ended		For the nine months ended
		September 30,		September 30,
($ in millions)		2017	2016	2017	2016
Amount of pretax net gains (losses) recognized in OCI	$	-	(23)	3	77
Amount of pretax net gains reclassified from OCI into net income		3	11	17	37

Schedule of Price Risk Derivatives

The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for risk management and other business purposes are summarized in the following table:

			For the three months		For the nine months
	Condensed Consolidated		ended September 30,		ended September 30,
($ in millions)	Statements of Income Caption		2017	2016	2017	2016
Interest rate contracts:
Forward contracts related to residential mortgage loans
held for sale	Mortgage banking net revenue	$	(1)	9	(17)	(10)
Interest rate contracts related to MSR portfolio	Mortgage banking net revenue		1	(16)	16	133
Foreign exchange contracts:
Foreign exchange contracts for risk management purposes	Other noninterest income		(4)	2	(8)	(3)
Equity contracts:
Stock warrant associated with Vantiv Holding, LLC	Other noninterest income		-	(2)	-	64
Swap associated with sale of Visa, Inc. Class B Shares	Other noninterest income		(47)	(12)	(69)	(61)

Risk Ratings of the Notional Amount of Risk Participation Agreements

Risk ratings of the notional amount of risk participation agreements under this risk rating system are summarized in the following table as of:

		September 30,	December 31,
($ in millions)		2017	2016
Pass	$	2,744	2,447
Special mention		66	14
Substandard		10	6
Total	$	2,820	2,467

Net Gains (Losses) Recognized in the Income Statement Related to Free-Standing Derivative Instruments Used For Customer Accomodation

The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for customer accommodation are summarized in the following table:

			For the three months		For the nine months
	Condensed Consolidated		ended September 30,		ended September 30,
($ in millions)	Statements of Income Caption		2017	2016	2017	2016
Interest rate contracts:
Interest rate contracts for customers (contract revenue)	Corporate banking revenue	$	5	5	15	17
Interest rate contracts for customers (credit portion of
fair value adjustment)	Other noninterest expense		-	1	-	(2)
Interest rate lock commitments	Mortgage banking net revenue		27	42	76	126
Commodity contracts:
Commodity contracts for customers (contract revenue)	Corporate banking revenue		1	1	4	4
Commodity contracts for customers (credit losses)	Other noninterest expense		-	-	1	(1)
Commodity contracts for customers (credit portion of
fair value adjustment)	Other noninterest expense		-	-	-	1
Foreign exchange contracts:
Foreign exchange contracts for customers (contract revenue)	Corporate banking revenue		11	13	33	44
Foreign exchange contracts for customers (credit losses)	Other noninterest expense		-	-	2	(2)
Foreign exchange contracts for customers (credit portion of
fair value adjustment)	Other noninterest expense		(1)	-	-	-

Offsetting Derivative Financial Instruments

The following tables provide a summary of offsetting derivative financial instruments:

	Gross Amount		Gross Amounts Not Offset in the
	Recognized in the		Condensed Consolidated Balance Sheets
	Condensed Consolidated
As of September 30, 2017 ($ in millions)	Balance Sheets^(a)		Derivatives	Collateral^(b)	Net Amount
Assets:
Derivatives	$	722	(182)	(356)		184
Total assets		722	(182)	(356)		184

Liabilities:
Derivatives		499	(182)	(170)		147
Total liabilities	$	499	(182)	(170)		147

Amount does not include IRLCs because these instruments are not subject to master netting or similar arrangements.
Amount of collateral received as an offset to asset positions or pledged as an offset to liability positions. Collateral values in excess of related derivative amounts recognized in the Condensed Consolidated Balance Sheets were excluded from this table.

	Gross Amount		Gross Amounts Not Offset in the
	Recognized in the		Condensed Consolidated Balance Sheets
	Condensed Consolidated
As of December 31, 2016 ($ in millions)	Balance Sheets^(a)		Derivatives	Collateral^(b)	Net Amount
Assets:
Derivatives	$	1,044	(374)	(377)		293
Total assets		1,044	(374)	(377)		293

Liabilities:
Derivatives		665	(374)	(125)		166
Total liabilities	$	665	(374)	(125)		166

Amount does not include IRLCs because these instruments are not subject to master netting or similar arrangements.
Amount of collateral received as an offset to asset positions or pledged as an offset to liability positions. Collateral values in excess of related derivative amounts recognized in the Condensed Consolidated Balance Sheets were excluded from this table.

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41641-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41678-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41638-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5580258-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579245-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579240-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41620-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n)(2))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details