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Subsequent Events
6 Months Ended
Jun. 30, 2012
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

Note 20 Subsequent Events

 

On June 28, 2012 we announced the redemption on July 30, 2012 of $450 million of trust preferred securities issued by PNC Capital Trust E that had a current distribution rate of 7.750% and a scheduled redemption date of March 15, 2038 and $517.5 million of enhanced trust preferred securities issued by National City Capital Trust IV that had a current distribution rate of 8.000% and a scheduled maturity date of September 15, 2047. These redemptions together resulted in a noncash charge for unamortized discounts of approximately $95 million in the third quarter of 2012. As these redemptions were announced prior to June 30, 2012, our Tier 1 risk-based capital ratio at June 30, 2012 reflected this second quarter announcement of the redemption of these securities.