Subsequent Events

3 Months Ended

Mar. 31, 2016

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Note 17 Subsequent Events

On April 29, 2016, PNC Bank issued an additional $600 million of senior notes with a maturity date of June 1, 2025. Interest is payable semi-annually in arrears at a fixed rate of 3.250% on June 1 and December 1 of each year, beginning on June 1, 2016. These notes form part of the same series as the outstanding 3.250% senior notes issued on June 1, 2015. Following the issuance of these additional notes, the aggregate principal amount of such series was $1.0 billion.

On April 29, 2016, PNC Bank issued $1.25 billion of senior notes with a maturity date of April 29, 2021. Interest is payable semi-annually in arrears at a fixed rate of 2.150% on April 29 and October 29 of each year, beginning on October 29, 2016.