XML 38 R46.htm IDEA: XBRL DOCUMENT v2.4.0.8
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Guarantor Obligations
The table below also includes the notional amount of commitments of $13.0 billion and $18.3 billion at December 31, 2013 and 2012 that are accounted for under the fair value option. However, the table below excludes cumulative net fair value adjustments of $354 million and $528 million on these commitments, which are classified in accrued expenses and other liabilities. For more information regarding the Corporation’s loan commitments accounted for under the fair value option, see Note 21 – Fair Value Option.
 
 
 
 
 
 
 
 
 
 
Credit Extension Commitments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
(Dollars in millions)
Expire in One
Year or Less
 
Expire After One
Year Through
Three Years
 
Expire After Three
Years Through
Five Years
 
Expire After Five
Years
 
Total
Notional amount of credit extension commitments
 

 
 

 
 

 
 

 
 

Loan commitments
$
80,799

 
$
105,175

 
$
133,290

 
$
21,864

 
$
341,128

Home equity lines of credit
4,580

 
16,855

 
21,074

 
14,301

 
56,810

Standby letters of credit and financial guarantees (1)
21,994

 
8,843

 
2,876

 
3,967

 
37,680

Letters of credit
1,263

 
899

 
4

 
403

 
2,569

Legally binding commitments
108,636

 
131,772

 
157,244

 
40,535

 
438,187

Credit card lines (2)
377,846

 
—

 
—

 
—

 
377,846

Total credit extension commitments
$
486,482

 
$
131,772

 
$
157,244

 
$
40,535

 
$
816,033

 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
Notional amount of credit extension commitments
 

 
 

 
 

 
 

 
 

Loan commitments
$
103,791

 
$
83,885

 
$
130,805

 
$
19,942

 
$
338,423

Home equity lines of credit
2,134

 
13,584

 
23,344

 
21,856

 
60,918

Standby letters of credit and financial guarantees (1)
24,593

 
11,387

 
3,094

 
4,751

 
43,825

Letters of credit
2,003

 
70

 
10

 
546

 
2,629

Legally binding commitments
132,521

 
108,926

 
157,253

 
47,095

 
445,795

Credit card lines (2)
397,862

 
—

 
—

 
—

 
397,862

Total credit extension commitments
$
530,383

 
$
108,926

 
$
157,253

 
$
47,095

 
$
843,657

(1)  
The notional amounts of SBLCs and financial guarantees classified as investment grade and non-investment grade based on the credit quality of the underlying reference name within the instrument were $27.6 billion and $9.6 billion at December 31, 2013, and $31.5 billion and $11.6 billion at December 31, 2012. Amounts include consumer SBLCs of $453 million and $669 million at December 31, 2013 and 2012.
(2)  
Includes business card unused lines of credit.