Loans and Commitments to Extend Credit

6 Months Ended

Jun. 30, 2012

Loans and Commitments to Extend Credit [Abstract]

Loans and Commitments to Extend Credit

Note 4 Loans and Commitments to Extend Credit
Loans outstanding were as follows:
Table 62: Loans Outstanding
		June 30		December 31
In millions		2012		2011
Commercial lending
	Commercial	$	78,901	$	65,694
	Commercial real estate		18,480		16,204
	Equipment lease financing		6,764		6,416
Total commercial lending			104,145		88,314
Consumer lending
	Home equity		35,838		33,089
	Residential real estate		15,823		14,469
	Credit card		4,123		3,976
	Other consumer		20,496		19,166
Total consumer lending			76,280		70,700
	Total loans (a) (b)	$	180,425	$	159,014
(a)	Net of unearned income, net deferred loan fees, unamortized discounts and premiums, and purchase discounts and premiums totaling $3.1 billion and $2.3 billion at
	June 30, 2012 and December 31, 2011, respectively.
(b)	Future accretable yield related to purchased impaired loans is not included in loans outstanding.

AtJune 30, 2012, we pledged $23.1billionof commercial loans to the Federal Reserve Bank and $37.9billion of residential real estate and other loans to the Federal Home Loan Bank as collateral for the contingent ability to borrow, if necessary. The comparable amounts at December 31, 2011 were $21.8billion and $27.7billion, respectively.

Table 63: Net Unfunded Credit Commitments
		June 30		December 31
In millions		2012		2011
Commercial and commercial real estate		$	70,808	$	64,955
Home equity lines of credit			20,486		18,317
Credit card			17,896		16,216
Other			4,446		3,783
	Total (a)	$	113,636	$	103,271
(a)	Excludes standby letters of credit. See Note 18 Commitments and Guarantees for additional information on standby letters of credit.

Commitments to extend credit represent arrangements to lend funds or provide liquidity subject to specified contractual conditions. At June 30, 2012, commercial commitments reported above exclude $20.7billion of syndications, assignments and participations, primarily to financial institutions. The comparable amount at December 31, 2011 was $20.2billion.

Commitments generally have fixed expiration dates, may require payment of a fee, and contain termination clauses in the event the customer's credit quality deteriorates. Based on our historical experience, most commitments expire unfunded, and therefore cash requirements are substantially less than the total commitment.