Loan Sale and Servicing Activities and Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2012

Loan Sale and Servicing Activities and Variable Interest Entities [Abstract]

Certain Financial Information and Cash Flows Associated with Loan Sale and Servicing Activities

Table 58: Certain Financial Information and Cash Flows Associated with Loan Sale and Servicing Activities
	Residential			Commercial		Home Equity
In millions	Mortgages			Mortgages (a)		Loans/Lines (b)
FINANCIAL INFORMATION - September 30, 2012
Servicing portfolio (c)		$	119,246	$	150,903	$	5,433
Carrying value of servicing assets (d)			594		402		1
Servicing advances (e)			608		511		5
Servicing deposits (f)			2,433		3,495		32
Repurchase and recourse obligations (g)			421		43		62
Carrying value of mortgage-backed securities held (h)			5,695		1,642
FINANCIAL INFORMATION - December 31, 2011
Servicing portfolio (c)		$	118,058	$	155,813	$	5,661
Carrying value of servicing assets (d)			647		468		1
Servicing advances (e)			563		510		8
Servicing deposits (f)			2,264		3,861		38
Repurchase and recourse obligations (g)			83		47		47
Carrying value of mortgage-backed securities held (h)			4,654		1,839

		Residential			Commercial		Home Equity
In millions		Mortgages			Mortgages (a)		Loans/Lines (b)
CASH FLOWS - Three months ended September 30, 2012
Sales of loans (i)			$	4,032	$	469
Repurchases of previously transferred loans (j)				352			$	3
Contractual servicing fees received				93		43		6
Servicing advances recovered/(funded), net				(44)		(21)		3
Cash flows on mortgage-backed securities held (h)				324		92
CASH FLOWS - Three months ended September 30, 2011
Sales of loans (i)			$	2,652	$	658
Repurchases of previously transferred loans (j)				429			$	5
Contractual servicing fees received				92		45		5
Servicing advances recovered/(funded), net				(35)		(23)		(2)
Cash flows on mortgage-backed securities held (h)				90		142
CASH FLOWS - Nine months ended September 30, 2012
Sales of loans (i)			$	10,480	$	1,418
Repurchases of previously transferred loans (j)				1,121			$	19
Contractual servicing fees received				287		134		17
Servicing advances recovered/(funded), net				(45)				3
Cash flows on mortgage-backed securities held (h)				863		444
CASH FLOWS - Nine months ended September 30, 2011
Sales of loans (i)			$	9,181	$	1,562
Repurchases of previously transferred loans (j)				1,238			$	35
Contractual servicing fees received				269		132		17
Servicing advances recovered/(funded), net				(27)		(59)		13
Cash flows on mortgage-backed securities held (h)				348		319
(a)	Represents financial and cash flow information associated with both commercial mortgage loan transfer and servicing activities.
(b)	These activities were part of an acquired brokered home equity business in which PNC is no longer engaged. See Note 18 Commitments and Guarantees for further information.
(c)	For our continuing involvement with residential mortgage and home equity loan/line transfers, amount represents outstanding balance of loans transferred and serviced. For commercial mortgages, amount represents the portion of the overall servicing portfolio in which loans have been transferred by us or third parties to VIEs.
(d)	See Note 9 Fair Value and Note 10 Goodwill and Other Intangible Assets for further information.
(e)	Pursuant to certain contractual servicing agreements, represents outstanding balance of funds advanced (i) to investors for monthly collections of borrower principal and interest, (ii) for borrower draws on unused home equity lines of credit, and (iii) for collateral protection associated with the underlying mortgage collateral.
(f)	Represents balances in custodial and escrow demand deposit accounts held at PNC on behalf of investors. Borrowers' loan payments including escrows are deposited in these accounts prior to their distribution.
(g)	Represents liability for our loss exposure associated with loan repurchases for breaches of representations and warranties for our Residential Mortgage Banking and Non-Strategic Assets Portfolio segments, and our commercial mortgage loss share arrangements for our Corporate & Institutional Banking segment. See Note 18 Commitments and Guarantees for further information.
(h)	Represents securities held where PNC transferred to and/or services loans for a securitization SPE and we hold securities issued by that SPE.
(i)	There were no gains or losses recognized on the transaction date for sales of residential mortgage and certain commercial mortgage loans as these loans are recognized on the balance sheet at fair value. For transfers of commercial mortgage loans not recognized on the balance sheet at fair value, gains/losses recognized on sales of these loans were insignificant for the periods presented.
(j)	Includes government insured or guaranteed loans repurchased through the exercise of our ROAP option and loans repurchased due to breaches of origination covenants or representations and warranties made to purchasers.

Schedule of Carrying Value of Assets and Liabilities for Consolidated Variable Interest Entities

Table 59: Consolidated VIEs – Carrying Value (a) (b)
September 30, 2012						Credit Card			Tax Credit
In millions			Market Street			Securitization Trust			Investments			Total
Assets
Cash and due from banks										$	5		$	5
Interest-earning deposits with banks											6			6
Investment securities				$	10									10
Loans					6,087		$	1,729						7,816
Allowance for loan and lease losses								(78)						(78)
Equity investments											1,725			1,725
Other assets					539			36			813			1,388
	Total assets			$	6,636		$	1,687		$	2,549		$	10,872
Liabilities
Commercial paper				$	6,098								$	6,098
Other borrowed funds										$	249			249
Accrued expenses											151			151
Other liabilities					534						453			987
	Total liabilities			$	6,632					$	853		$	7,485
December 31, 2011						Credit Card			Tax Credit
In millions			Market Street			Securitization Trust			Investments			Total
Assets
Cash and due from banks										$	7		$	7
Interest-earning deposits with banks							$	317			8			325
Investment securities				$	109									109
Loans					4,163			1,933						6,096
Allowance for loan and lease losses								(91)						(91)
Equity investments											1,643			1,643
Other assets					360			7			838			1,205
	Total assets			$	4,632		$	2,166		$	2,496		$	9,294
Liabilities
Commercial paper				$	4,271								$	4,271
Other borrowed funds							$	287		$	218			505
Accrued expenses								50			105			155
Other liabilities					355						379			734
	Total liabilities			$	4,626		$	337		$	702		$	5,665
(a)		Amounts represent carrying value on PNC’s Consolidated Balance Sheet.
(b)		Difference between total assets and total liabilities represents the equity portion of the VIE or intercompany assets and liabilities which are eliminated in consolidation.

Schedule of Aggregate Assets and Aggregate Liabilities for Consolidated Variable Interest Entities

Table 60: Assets and Liabilities of Consolidated VIEs (a)
		Aggregate			Aggregate
In millions		Assets			Liabilities
September 30, 2012
Market Street			$	7,814		$	7,815
Credit Card Securitization Trust				1,744
Tax Credit Investments				2,557			871
December 31, 2011
Market Street			$	5,490		$	5,491
Credit Card Securitization Trust				2,175			494
Tax Credit Investments				2,503			723
(a)	Amounts in this table differ from total assets and liabilities in the preceding "Consolidated VIEs - Carrying Value" table due to the elimination of intercompany
	assets and liabilities in the preceding table.

Schedule of Assets and Liabilities for Non-consolidated Variable Interest Entities

Table 61: Non-Consolidated VIEs
									Carrying			Carrying
		Aggregate			Aggregate		PNC Risk		Value of			Value of
In millions		Assets			Liabilities		of Loss		Assets			Liabilities
September 30, 2012
Commercial Mortgage-Backed Securitizations (a)			$	73,628	$	73,628	$	1,738	$	1,738	(c)
Residential Mortgage-Backed Securitizations (a)				45,848		45,848		5,707		5,707	(c)	$	92	(e)
Tax Credit Investments and Other (b)				5,650		2,105		1,035		1,035	(d)		479	(e)
	Total		$	125,126	$	121,581	$	8,480	$	8,480		$	571
									Carrying			Carrying
		Aggregate			Aggregate		PNC Risk		Value of			Value of
In millions		Assets			Liabilities		of Loss		Assets			Liabilities
December 31, 2011
Commercial Mortgage-Backed Securitizations (a)			$	75,961	$	75,961	$	2,079	$	2,079	(c)
Residential Mortgage-Backed Securitizations (a)				44,315		44,315		4,667		4,667	(c)	$	99	(e)
Tax Credit Investments and Other (b)				5,395		2,384		837		837	(d)		352	(e)
	Total		$	125,671	$	122,660	$	7,583	$	7,583		$	451
(a)	Amounts reflect involvement with securitization SPEs where PNC transferred to and/or services loans for a SPE and we hold securities issued by that SPE. Asset amounts equal outstanding liability amounts of the SPEs due to limited availability of SPE financial information. We also invest in other mortgage and asset-backed securities issued by third-party VIEs with which we have no continuing involvement. Further information on these securities is included in Note 8 Investment Securities and values disclosed represent our maximum exposure to loss for those securities’ holdings.
(b)	Aggregate assets and aggregate liabilities are based on limited availability of financial information associated with certain acquired partnerships.
(c)	Included in Trading securities, Investment securities, Other intangible assets, and Other assets on our Consolidated Balance Sheet.
(d)	$1 billion included in Equity investments and $4 million included in Loans held for sale at September 30, 2012 on our Consolidated Balance Sheet. $837 million included in Equity investments at December 31, 2011 on our Consolidated Balance Sheet.
(e)	Included in Other liabilities on our Consolidated Balance Sheet.