Loans and Commitments to Extend Credit

9 Months Ended

Sep. 30, 2014

Loans and Commitments to Extend Credit [Abstract]

Note 3 Loans and Commitments to Extend Credit

A summary of the major categories of loans outstanding follows:

Table 56: Loans Summary

		September 30		December 31
In millions		2014		2013
Commercial lending
	Commercial	$	93,500	$	88,378
	Commercial real estate		22,942		21,191
	Equipment lease financing		7,621		7,576
Total commercial lending			124,063		117,145
Consumer lending
	Home equity		35,055		36,447
	Residential real estate		14,351		15,065
	Credit card		4,449		4,425
	Other consumer		22,954		22,531
Total consumer lending			76,809		78,468
	Total loans (a) (b)	$	200,872	$	195,613
(a)	Net of unearned income, net deferred loan fees, unamortized discounts and premiums, and purchase discounts and premiums totaling $1.8 billion and $2.1 billion at
	September 30, 2014 and December 31, 2013, respectively.
(b)	Future accretable yield related to purchased impaired loans is not included in the loans summary.

At September 30, 2014, we pledged $24.3 billion of commercial loans to the Federal Reserve Bank (FRB) and $49.0 billion of residential real estate and other loans to the Federal Home Loan Bank (FHLB) as collateral for the contingent ability to borrow, if necessary. The comparable amounts at December 31, 2013 were $23.4 billion and $40.4 billion, respectively.

Table 57: Net Unfunded Loan Commitments

		September 30		December 31
In millions		2014		2013
Total commercial lending		$	96,815	$	90,104
Home equity lines of credit			18,029		18,754
Credit card			17,659		16,746
Other			4,292		4,266
	Total (a)	$	136,795	$	129,870
(a)	Excludes standby letters of credit. See Note 17 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. These 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, some commitments expire unfunded, and therefore cash requirements are substantially less than the total commitment.