XML 47 R34.htm IDEA: XBRL DOCUMENT v3.21.2
Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Credit Extension Commitment Expirations The following table includes the notional amount of commitments of $5.3 billion and $4.0 billion at June 30, 2021 and December 31, 2020 that are accounted for under the fair value option. However, the table excludes the cumulative net fair value for these commitments of $103 million and $99 million at June 30, 2021 and December 31, 2020, which is 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 15 – Fair Value Option.
Credit Extension Commitments
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
(Dollars in millions)June 30, 2021
Notional amount of credit extension commitments     
Loan commitments (1)
$103,361 $193,656 $155,834 $27,247 $480,098 
Home equity lines of credit762 3,807 10,119 26,286 40,974 
Standby letters of credit and financial guarantees (2)
20,853 11,634 1,766 539 34,792 
Letters of credit (3)
1,609 309 30 29 1,977 
Legally binding commitments126,585 209,406 167,749 54,101 557,841 
Credit card lines (4)
394,052 — — — 394,052 
Total credit extension commitments$520,637 $209,406 $167,749 $54,101 $951,893 
 December 31, 2020
Notional amount of credit extension commitments     
Loan commitments (1)
$109,406 $171,887 $139,508 $16,091 $436,892 
Home equity lines of credit710 2,992 8,738 29,892 42,332 
Standby letters of credit and financial guarantees (2)
19,962 12,038 2,397 1,257 35,654 
Letters of credit (3)
886 197 25 27 1,135 
Legally binding commitments130,964 187,114 150,668 47,267 516,013 
Credit card lines (4)
384,955 — — — 384,955 
Total credit extension commitments$515,919 $187,114 $150,668 $47,267 $900,968 
(1)     At June 30, 2021 and December 31, 2020, $5.5 billion and $4.8 billion of these loan commitments were held in the form of a security.
(2)     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 $25.3 billion and $9.1 billion at June 30, 2021, and $25.0 billion and $10.2 billion at December 31, 2020. Amounts in the table include consumer SBLCs of $476 million and $500 million at June 30, 2021 and December 31, 2020.
(3)     At June 30, 2021 and December 31, 2020, included are letters of credit of $1.9 billion and $1.8 billion related to certain liquidity commitments of VIEs. For more information, see Note 6 – Securitizations and Other Variable Interest Entities.
(4)    Includes business card unused lines of credit.