10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2016

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from              to             

Commission file number 001-09718

The PNC Financial Services Group, Inc.

(Exact name of registrant as specified in its charter)

Pennsylvania	25-1435979
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

The Tower at PNC Plaza, 300 Fifth Avenue, Pittsburgh, Pennsylvania 15222-2401

(Address of principal executive offices, including zip code)

(412) 762-2000

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

As of July 22, 2016, there were 491,409,134 shares of the registrant’s common stock ($5 par value) outstanding.

THE PNC FINANCIAL SERVICES GROUP, INC.

Cross-Reference Index to Second Quarter 2016 Form 10-Q

	Pages
PART I – FINANCIAL INFORMATION
Item 1.      Financial Statements (Unaudited).
Consolidated Income Statement		44
Consolidated Statement of Comprehensive Income		45
Consolidated Balance Sheet		46
Consolidated Statement Of Cash Flows		47
Notes To Consolidated Financial Statements (Unaudited)
Note 1   Accounting Policies		49
Note 2   Loan Sale and Servicing Activities and Variable Interest Entities		49
Note 3   Asset Quality		52
Note 4    Allowances for Loan and Lease Losses and Unfunded Loan Commitments and Letters of Credit		62
Note 5   Investment Securities		64
Note 6   Fair Value		68
Note 7   Goodwill and Intangible Assets		79
Note 8   Employee Benefit Plans		80
Note 9   Financial Derivatives		81
Note 10 Earnings Per Share		87
Note 11 Total Equity And Other Comprehensive Income		88
Note 12 Legal Proceedings		90
Note 13 Commitments and Guarantees		92
Note 14 Segment Reporting		94
Note 15 Subsequent Events		97
Statistical Information (Unaudited)
Average Consolidated Balance Sheet And Net Interest Analysis		98
Transitional Basel III and Pro forma Fully Phased-In Basel III Common Equity Tier 1 Capital Ratios – 2015 Periods		100
Item 2.      Management’s Discussion and Analysis of Financial Condition and Results of Operations                   (MD&A).
Financial Review		1
Consolidated Financial Highlights		1
Executive Summary		3
Consolidated Balance Sheet Review		9
Off-Balance Sheet Arrangements And Variable Interest Entities		16
Fair Value Measurements		17
Business Segments Review		17
Critical Accounting Estimates and Judgments		27
Recourse And Repurchase Obligations		28
Risk Management		28
Internal Controls And Disclosure Controls And Procedures		41
Glossary Of Terms		41
Cautionary Statement Regarding Forward-Looking Information		42
Item 3.      Quantitative and Qualitative Disclosures About Market Risk.		28-41, 68-80 and  81-87
Item 4.      Controls and Procedures.
PART II – OTHER INFORMATION
Item 1.      Legal Proceedings.		101
Item 1A.   Risk Factors.		101
Item 2.       Unregistered Sales Of Equity Securities And Use Of Proceeds.		101
Item 6.      Exhibits.		101
Exhibit Index.		101
Corporate  Information		102
Signature		103

THE PNC FINANCIAL SERVICES GROUP, INC.

Cross-Reference Index to Second Quarter 2016 Form 10-Q (continued)

MD&A TABLE REFERENCE

Table	Description	Page
1	Consolidated Financial Highlights		1
2	Summarized Average Balance Sheet		5
3	Results Of Businesses – Summary		7
4	Net Interest Income and Net Interest Margin		7
5	Noninterest Income		8
6	Summarized Balance Sheet Data		9
7	Details Of Loans		10
8	Purchased Impaired Loans – Balances		11
9	Purchased Impaired Loans – Accretable Yield		11
10	Weighted Average Life of the Purchased Impaired Portfolios		11
11	Investment Securities		12
12	Weighted-Average Expected Maturities of Mortgage and Other Asset-Backed Debt Securities		13
13	Loans Held For Sale		13
14	Details Of Funding Sources		13
15	Shareholders’ Equity		14
16	Basel III Capital		15
17	Fair Value Measurements – Summary		17
18	Retail Banking Table		18
19	Corporate & Institutional Banking Table		20
20	Asset Management Group Table		22
21	Residential Mortgage Banking Table		24
22	BlackRock Table		25
23	Non-Strategic Assets Portfolio Table		26
24	Nonperforming Assets By Type		29
25	Change in Nonperforming Assets		29
26	OREO and Foreclosed Assets		30
27	Accruing Loans Past Due		30
28	Home Equity Lines of Credit – Draw Period End Dates		31
29	Consumer Real Estate Related Loan Modifications		32
30	Loan Charge-Offs And Recoveries		33
31	Allowance for Loan and Lease Losses		35
32	PNC Bank Notes Issued During 2016		36
33	PNC Bank Senior and Subordinated Debt		36
34	FHLB Borrowings		37
35	Parent Company Senior and Subordinated Debt and Hybrid Capital Instruments		38
36	Credit Ratings as of June 30, 2016 for PNC and PNC Bank		38
37	Interest Sensitivity Analysis		39
38	Net Interest Income Sensitivity to Alternative Rate Scenarios (Second Quarter 2016)		39
39	Alternate Interest Rate Scenarios: One Year Forward		39
40	Equity Investments Summary		40
41	Financial Derivatives Summary		41

THE PNC FINANCIAL SERVICES GROUP, INC.

Cross-Reference Index to Second Quarter 2016 Form 10-Q (continued)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS TABLE REFERENCE

Table	Description	Page
42	Cash Flows Associated with Loan Sale and Servicing Activities		50
43	Principal Balance, Delinquent Loans, and Net Charge-offs Related to Serviced Loans For Others		51
44	Consolidated VIEs – Carrying Value		51
45	Non-Consolidated VIEs		52
46	Analysis of Loan Portfolio		53
47	Nonperforming Assets		54
48	Commercial Lending Asset Quality Indicators		55
49	Home Equity and Residential Real Estate Balances		56
50	Home Equity and Residential Real Estate Asset Quality Indicators – Excluding Purchased Impaired Loans		57
51	Home Equity and Residential Real Estate Asset Quality Indicators – Purchased Impaired Loans		58
52	Credit Card and Other Consumer Loan Classes Asset Quality Indicators		59
53	Summary of Troubled Debt Restructurings		59
54	Financial Impact and TDRs by Concession Type		60
55	Impaired Loans		61
56	Rollforward of Allowance for Loan and Lease Losses and Associated Loan Data		62
57	Rollforward of Allowance for Unfunded Loan Commitments and Letters of Credit		63
58	Investment Securities Summary		64
59	Gross Unrealized Loss and Fair Value of Securities Available for Sale		66
60	Gains (Losses) on Sales of Securities Available for Sale		67
61	Contractual Maturity of Debt Securities		67
62	Fair Value of Securities Pledged and Accepted as Collateral		68
63	Fair Value Measurements – Recurring Basis Summary		69
64	Reconciliation of Level 3 Assets and Liabilities		70
65	Fair Value Measurements – Recurring Quantitative Information		74
66	Fair Value Measurements – Nonrecurring		76
67	Fair Value Measurements – Nonrecurring Quantitative Information		76
68	Fair Value Option – Changes in Fair Value		76
69	Fair Value Option – Fair Value and Principal Balances		77
70	Additional Fair Value Information Related to Other Financial Instruments		78
71	Mortgage Servicing Rights		79
72	Commercial Mortgage Loan Servicing Rights – Key Valuation Assumptions		80
73	Residential Mortgage Loan Servicing Rights – Key Valuation Assumptions		80
74	Net Periodic Pension and Postretirement Benefit Costs		81
75	Total Gross Derivatives		81
76	Derivatives Designated As Hedging Instruments under GAAP		82
77	Gains (Losses) on Derivatives and Related Hedged Items – Fair Value Hedges		82
78	Gains (Losses) on Derivatives and Related Cash Flows – Cash Flow Hedges		83
79	Derivatives Not Designated As Hedging Instruments under GAAP		84
80	Gains (Losses) on Derivatives Not Designated As Hedging Instruments under GAAP		85
81	Derivative Assets and Liabilities Offsetting		86
82	Basic and Diluted Earnings per Common Share		87
83	Rollforward of Total Equity		88
84	Other Comprehensive Income		89
85	Accumulated Other Comprehensive Income (Loss) Components		90
86	Commitments to Extend Credit and Other Commitments		92
87	Internal Credit Ratings Related to Net Outstanding Standby Letters of Credit		93
88	Resale and Repurchase Agreements Offsetting		94
89	Results Of Businesses		96

FINANCIAL REVIEW

THE PNC FINANCIAL SERVICES GROUP, INC.

This Financial Review, including the Consolidated Financial Highlights, should be read together with our unaudited Consolidated Financial Statements and unaudited Statistical Information included elsewhere in this Report and with Items 6, 7, 8 and 9A of our 2015 Annual Report on Form 10-K (2015 Form 10-K). For information regarding certain business, regulatory and legal risks, see the following sections as they appear in this Report and in our 2015 Form 10-K: the Risk Management section of the Financial Review portion of this report and of Item 7 in our 2015 Form 10-K; Item 1A Risk Factors included in our 2015 Form 10-K; and the Legal Proceedings and Commitments and Guarantees Notes of the Notes To Consolidated Financial Statements included in the respective report. Also, see the Cautionary Statement Regarding Forward-Looking Information section in this Financial Review and the Critical Accounting Estimates And Judgments section in this Financial Review and in our 2015 Form 10-K for certain other factors that could cause actual results or future events to differ, perhaps materially, from historical performance and from those anticipated in the forward-looking statements included in this Report. See Note 14 Segment Reporting in the Notes To Consolidated Financial Statements included in Part I, Item 1 of this Report for a reconciliation of total business segment earnings to total PNC consolidated net income as reported on a GAAP basis.

Table 1: Consolidated Financial Highlights

Dollars in millions, except per share data Unaudited	Three months ended June 30						Six months ended June 30
	2016			2015			2016			2015
Financial Results (a)
Revenue
Net interest income	$	2,068		$	2,052		$	4,166		$	4,124
Noninterest income		1,726			1,814			3,293			3,473
Total revenue		3,794			3,866			7,459			7,597
Provision for credit losses		127			46			279			100
Noninterest expense		2,360			2,366			4,641			4,715
Income before income taxes and noncontrolling interests	$	1,307		$	1,454		$	2,539		$	2,782
Net income	$	989		$	1,044		$	1,932		$	2,048
Less:
Net income (loss) attributable to noncontrolling interests		23			4			42			5
Preferred stock dividends and discount accretion and redemptions		43			48			108			118
Net income attributable to common shareholders	$	923		$	992		$	1,782		$	1,925
Less:
Dividends and undistributed earnings allocated to nonvested restricted shares		6						12			2
Impact of BlackRock earnings per share dilution		3			5			6			10
Net income attributable to diluted common shares	$	914		$	987		$	1,764		$	1,913
Diluted earnings per common share	$	1.82		$	1.88		$	3.49		$	3.63
Cash dividends declared per common share	$	.51		$	.51		$	1.02		$	.99
Effective tax rate (b)		24.3	%		28.2	%		23.9	%		26.4	%
Performance Ratios
Net interest margin (c)		2.70	%		2.73	%		2.73	%		2.78	%
Noninterest income to total revenue		45	%		47	%		44	%		46	%
Efficiency		62	%		61	%		62	%		62	%
Return on:
Average common shareholders’ equity		8.87	%		9.75	%		8.66	%		9.54	%
Average assets		1.11	%		1.19	%		1.09	%		1.18	%

(a) The Executive Summary and Consolidated Income Statement Review portions of the Financial Review section of this Report provide information regarding items impacting the comparability of the periods presented.

(b) The effective income tax rates are generally lower than the statutory rate due to the relationship of pretax income to tax credits and earnings that are not subject to tax.

(c) Calculated as annualized taxable-equivalent net interest income divided by average earning assets. The interest income earned on certain earning assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. To provide more meaningful comparisons of net interest margins for all earning assets, we use net interest income on a taxable-equivalent basis in calculating net interest margin by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments. This adjustment is not permitted under generally accepted accounting principles (GAAP) in the Consolidated Income Statement. The taxable-equivalent adjustments to net interest income for the three months ended June 30, 2016 and June 30, 2015 were $48 million and $49 million, respectively. The taxable-equivalent adjustments to net interest income for the six months ended June 30, 2016 and June 30, 2015 were $96 million and $98 million, respectively.

The PNC Financial Services Group, Inc. – Form 10-Q    1

Table 1: Consolidated Financial Highlights (Continued) (a)

Unaudited	June 30 2016			December 31 2015			June 30 2015
Balance Sheet Data (dollars in millions, except per share data)
Assets	$	361,335		$	358,493		$	353,945
Loans	$	209,056		$	206,696		$	205,153
Allowance for loan and lease losses	$	2,685		$	2,727		$	3,272
Interest-earning deposits with banks (b)	$	26,750		$	30,546		$	33,969
Investment securities	$	71,801		$	70,528		$	61,362
Loans held for sale	$	2,296		$	1,540		$	2,357
Goodwill	$	9,103		$	9,103		$	9,103
Mortgage servicing rights	$	1,222		$	1,589		$	1,558
Equity investments (c)	$	10,469		$	10,587		$	10,531
Other assets	$	25,316		$	23,092		$	24,032
Noninterest-bearing deposits	$	77,866		$	79,435		$	77,369
Interest-bearing deposits	$	171,912		$	169,567		$	162,335
Total deposits	$	249,778		$	249,002		$	239,704
Borrowed funds	$	54,571		$	54,532		$	58,276
Total shareholders’ equity	$	45,558		$	44,710		$	44,515
Common shareholders’ equity	$	42,103		$	41,258		$	41,066
Accumulated other comprehensive income	$	736		$	130		$	379
Book value per common share	$	85.33		$	81.84		$	79.64
Common shares outstanding (millions)		493			504			516
Loans to deposits		84	%		83	%		86	%
Client Assets (in billions)
Discretionary client assets under management	$	135		$	134		$	134
Nondiscretionary client assets under administration		126			125			128
Total client assets under administration (d)		261			259			262
Brokerage account client assets		44			43			44
Total client assets	$	305		$	302		$	306
Capital Ratios
Transitional Basel III (e) (f)
Common equity Tier 1		10.6	%		10.6	%		10.6	%
Tier 1 risk-based		11.9	%		12.0	%		12.0	%
Total capital risk-based		14.3	%		14.6	%		14.9	%
Leverage		10.2	%		10.1	%		10.3	%
Pro forma Fully Phased-In Basel III (f)
Common equity Tier 1		10.2	%		10.0	%		10.0	%
Common shareholders’ equity to assets		11.7	%		11.5	%		11.6	%
Asset Quality
Nonperforming loans to total loans		1.08	%		1.03	%		1.10	%
Nonperforming assets to total loans, OREO and foreclosed assets		1.20	%		1.17	%		1.25	%
Nonperforming assets to total assets		.70	%		.68	%		.73	%
Net charge-offs to average loans (for the three months ended) (annualized)		.26	%		.23	%		.13	%
Allowance for loan and lease losses to total loans (g)		1.28	%		1.32	%		1.59	%
Allowance for loan and lease losses to total nonperforming loans (g) (h)		119	%		128	%		145	%
Accruing loans past due 90 days or more (in millions)	$	754		$	881		$	914

(a) The Executive Summary and Consolidated Balance Sheet Review portions of the Financial Review section of this Report provide information regarding items impacting the comparability of the periods presented.

(b) Amounts include balances held with the Federal Reserve Bank of Cleveland (Federal Reserve Bank) of $26.3 billion, $30.0 billion, and $33.6 billion as of June 30, 2016, December 31, 2015 and June 30, 2015, respectively.

(c) Amounts include our equity interest in BlackRock.

(d) As a result of certain investment advisory services performed by one of our registered investment advisors, certain assets are reported as both discretionary client assets under management and nondiscretionary client assets under administration. The amount of such assets was approximately $9 billion, $6 billion and $5 billion as of June 30, 2016, December 31, 2015 and June 30, 2015, respectively.

(e) Calculated using the regulatory capital methodology applicable to PNC during each period presented.

(f) See Basel III Capital discussion in the Capital portion of the Consolidated Balance Sheet Review section of this Financial Review and the capital discussion in the Banking Regulation and Supervision section of Item 1 Business in our 2015 Form 10-K. See also the Pro forma Fully Phased-In Basel III Common Equity Tier 1 Capital Ratio – 2015 Periods table in the Statistical Information section of this Report for a reconciliation of the 2015 periods’ ratios.

(g) See our 2015 Form 10-K for information on our change in derecognition policy effective December 31, 2015 for certain purchased impaired loans.

(h) The allowance for loan and lease losses includes impairment reserves attributable to purchased impaired loans. Nonperforming loans exclude certain government insured or guaranteed loans, loans held for sale, loans accounted for under the fair value option and purchased impaired loans.

2    The PNC Financial Services Group, Inc. – Form 10-Q

EXECUTIVE SUMMARY

The PNC Financial Services Group, Inc. (PNC) is one of the largest diversified financial services companies in the United States and is headquartered in Pittsburgh, Pennsylvania.

We have businesses engaged in retail banking, corporate and institutional banking, asset management and residential mortgage banking, providing many of our products and services nationally, as well as other products and services in our primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, Florida, North Carolina, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Georgia, Missouri, Wisconsin and South Carolina. We also provide certain products and services internationally.

Key Strategic Goals

At PNC we manage our company for the long term. We are focused on the fundamentals of growing customers, loans, deposits and fee revenue and improving profitability, while investing for the future and managing risk, expenses and capital. We continue to invest in our products, markets and brand, and embrace our corporate responsibility to the communities where we do business.

We strive to expand and deepen customer relationships by offering a broad range of deposit, fee-based and credit products and services. We are focused on delivering those products and services where, when and how our customers choose with the goal of offering insight that addresses their specific financial objectives. Our approach is concentrated on organically growing and deepening client relationships that meet our risk/return measures. Our strategies for growing fee income across our lines of business are focused on achieving deeper market penetration and cross selling our diverse product mix to meet the broad range of financial needs of our customers.

Our strategic priorities are designed to enhance value over the long term. A key priority is to build a leading banking franchise in our underpenetrated geographic markets. In addition, we are seeking to attract more of the investable assets of new and existing clients. PNC is focused on redefining the retail banking experience by transforming to a more customer-centric and sustainable model while lowering delivery costs as customer banking preferences evolve. Additionally, we continue to focus on expense management while investing in technology to bolster critical business infrastructure and streamline core processes.

Our capital priorities are to support client growth and business investment, maintain appropriate capital in light of economic conditions and the Basel III framework and return excess capital to shareholders, in accordance with the currently effective capital plan included in our Comprehensive Capital

Analysis and Review (CCAR) submission to the Board of Governors of the Federal Reserve System (Federal Reserve). New regulatory short-term liquidity standards became effective for PNC and PNC Bank, National Association (PNC Bank) beginning January 1, 2015. For more detail, see the Balance Sheet, Liquidity and Capital Highlights portion of this Executive Summary, the Capital portion of the Consolidated Balance Sheet Review section and the Liquidity Risk Management portion of the Risk Management section of this Financial Review and the Supervision and Regulation section in Item 1 Business of our 2015 Form 10-K.

Key Factors Affecting Financial Performance

PNC faces a variety of risks that may impact various aspects of our risk profile from time to time. The extent of such impacts may vary depending on factors such as the current economic, political and regulatory environment, merger and acquisition activity and operational challenges. Many of these risks and our risk management strategies are described in more detail in our 2015 Form 10-K and elsewhere in this Report.

Our financial performance is substantially affected by a number of external factors outside of our control, including the following:

• Domestic and global economic conditions, including the continuity, speed and stamina of the current U.S. economic expansion in general and its impact on our customers in particular;

• The monetary policy actions and statements of the Federal Reserve and the Federal Open Market Committee (FOMC);

• The level of, and direction, timing and magnitude of movement in, interest rates and the shape of the interest rate yield curve;

• The functioning and other performance of, and availability of liquidity in, the capital and other financial markets;

• Changes in the competitive and regulatory landscape and in counterparty creditworthiness and performance as the financial services industry restructures in the current environment;

• The impact of the extensive reforms enacted by the Dodd-Frank legislation and other legislative, regulatory and administrative initiatives and actions, including those outlined elsewhere in this Report, in our 2015 Form 10-K and in subsequent filings with the SEC;

• The impact of market credit spreads on asset valuations;

• Asset quality and the ability of customers, counterparties and issuers to perform in accordance with contractual terms;

• Loan demand, utilization of credit commitments and standby letters of credit; and

• Customer demand for non-loan products and services.

The PNC Financial Services Group, Inc. – Form 10-Q    3

In addition, our success will depend upon, among other things:

• Execution of our strategic priorities and achieving targeted outcomes, including our ability to:

– Build a leading banking franchise in our underpenetrated geographic markets;

– Grow profitability through the acquisition and retention of customers and deepening relationships that meet our risk/return measures;

– Increase revenue from fee income and provide innovative and valued products and services to our customers;

– Bolster our critical infrastructure and streamline our core processes;

– Utilize technology to develop and deliver products and services to our customers and protect PNC’s systems and customer information; and

– Sustain our expense management.

• Effectively managing capital and liquidity including:

– Continuing to maintain and grow our deposit base as a low-cost stable funding source;

– Prudent liquidity and capital management to meet evolving regulatory capital, capital planning, stress testing and liquidity standards; and

– Actions we take within the capital and other financial markets.

• Managing credit risk in our portfolio;

• Our ability to manage and implement strategic business objectives within the changing regulatory environment;

• The impact of legal and regulatory-related contingencies; and

• The appropriateness of reserves needed for critical accounting estimates and related contingencies.

For additional information, see the Cautionary Statement Regarding Forward-Looking Information section in this Financial Review and Item 1A Risk Factors in our 2015 Form 10-K.

Income Statement Highlights

Net income for the second quarter of 2016 was $989 million, or $1.82 per diluted common share, a decrease of 5%, compared to $1.044 billion, or $1.88 per diluted common share, for the second quarter of 2015.

• Net interest income increased $16 million, or 1%, to $2.1 billion.

• Net interest margin decreased to 2.70% compared to 2.73% in second quarter 2015.

• Noninterest income decreased $88 million, or 5%, to $1.7 billion as higher fee income was more than offset by lower other income.

• Noninterest expense decreased $6 million to $2.4 billion reflecting PNC’s effective expense management.

For additional detail, see the Consolidated Income Statement Review section in this Financial Review.

Credit Quality Highlights

Overall credit quality remained relatively stable at June 30, 2016 compared to December 31, 2015, except for certain energy related loans.

• Nonperforming assets increased $90 million, or 4%, to $2.5 billion.

• Overall loan delinquencies of $1.5 billion decreased $179 million, or 11%.

• Provision for credit losses increased to $127 million for the second quarter of 2016 compared to $46 million for the second quarter of 2015. Second quarter 2016 provision included $48 million for energy related loans in the oil, gas and coal sectors.

• Net charge-offs of $134 million for the second quarter of 2016 increased $67 million compared to the second quarter of 2015.

For additional detail, see the Credit Risk Management portion of the Risk Management section of the Consolidated Balance Sheet Review of this Financial Review.

Balance Sheet, Liquidity and Capital Highlights

PNC’s balance sheet continued to be well-positioned at June 30, 2016 compared to December 31, 2015 reflecting strong liquidity and capital.

• Total loans increased $2.4 billion to $209.1 billion.

– Total commercial lending grew $3.5 billion, or 3%.

– Total consumer lending decreased $1.1 billion, or 2%.

• Total deposits increased $.8 billion to $249.8 billion.

• Investment securities increased $1.3 billion, or 2%, to $71.8 billion.

• PNC maintained a strong liquidity position.

– The Liquidity Coverage Ratio (LCR) at June 30, 2016 exceeded 100% for both PNC and PNC Bank, above the minimum phased-in requirement of 90% in 2016.

• PNC maintained a strong capital position.

– The Transitional Basel III common equity Tier 1 capital ratio remained stable at 10.6%.

– Pro forma fully phased-in Basel III common equity Tier 1 capital ratio increased to an estimated 10.2% compared to 10.0% based on the standardized approach rules.

• PNC continued to return capital to shareholders.

– We completed common stock repurchase programs for the five quarter period that ended in the second quarter of 2016.

– We returned a total of $4.0 billion of capital to shareholders through repurchases of 29.9 million common shares for $2.7 billion and dividends on common shares of $1.3 billion over the five-quarter period.

4    The PNC Financial Services Group, Inc. – Form 10-Q

– Second quarter 2016 repurchases were 6.1 million common shares for $.5 billion and dividends on common shares were $.3 billion.

– In June 2016, we announced share repurchase programs of up to $2.0 billion for the four-quarter period beginning in the third quarter of 2016.

– PNC’s Board of Directors raised the quarterly dividend on common stock to 55 cents per share, an increase of 4 cents per share, or 8 percent, effective with the August 5, 2016 dividend.

See the Capital portion of the Consolidated Balance Sheet Review and the Liquidity Risk Management portion of the Risk Management section of this Financial Review for more detail on our 2016 capital and liquidity actions as well as more detail on our capital ratios.

Our ability to take certain capital actions, including plans to pay or increase common stock dividends or to repurchase shares under current or future programs, is subject to the results of the supervisory assessment of capital adequacy undertaken by the Federal Reserve as part of the CCAR process. For additional information, see the Supervision and Regulation section in Item 1 Business of our 2015 Form 10-K.

Our Consolidated Income Statement and Consolidated Balance Sheet Review sections of this Financial Review describe in greater detail our results during the first six months of 2016 and 2015 and balances at June 30, 2016 and December 31, 2015, respectively.

Average Consolidated Balance Sheet Highlights

Table 2: Summarized Average Balance Sheet

Six months ended June 30 Dollars in millions					Change
	2016		2015		$			%
Average assets
Interest-earning assets
Investment securities	$	70,232	$	58,310	$	11,922			20	%
Loans		207,757		205,272		2,485			1	%
Interest-earning deposits with banks		25,998		31,392		(5,394	)		(17	)%
Other		7,606		9,236		(1,630	)		(18	)%
Total interest-earning assets		311,593		304,210		7,383			2	%
Noninterest-earning assets		45,858		46,151		(293	)		(1	)%
Total average assets	$	357,451	$	350,361	$	7,090			2	%
Average liabilities and equity
Interest-bearing liabilities
Interest-bearing deposits	$	170,335	$	161,236	$	9,099			6	%
Borrowed funds		53,629		56,757		(3,128	)		(6	)%
Total interest-bearing liabilities		223,964		217,993		5,971			3	%
Noninterest-bearing deposits		76,541		74,245		2,296			3	%
Other liabilities		10,822		12,181		(1,359	)		(11	)%
Equity		46,124		45,942		182			-	%
Total average liabilities and equity	$	357,451	$	350,361	$	7,090			2	%

Average investment securities increased due to higher average agency residential mortgage-backed securities and U.S. Treasury and government agency securities, partially offset by a decrease in average non-agency residential mortgage-backed securities. Total investment securities increased from 19% to 23% of average interest-earning assets.

The increase in average loans was driven by growth in average commercial real estate loans of $3.9 billion and average

commercial loans of $1.4 billion, principally in our Corporate & Institutional Banking segment, partially offset by a decrease in consumer loans of $3.0 billion. The decline in consumer loans was primarily attributable to lower home equity and education loans, and included runoff in the non-strategic portfolio of residential mortgage and brokered home equity loans. Loans remained stable at 67% of average interest-earning assets in both periods.

The PNC Financial Services Group, Inc. – Form 10-Q    5

Average interest-earning deposits with banks, which are primarily maintained with the Federal Reserve Bank, decreased in the comparison reflecting a shift to higher yielding investment securities and loans as well as lower borrowed funds, partially offset by an increase in deposits.

Average total deposits increased $11.4 billion, primarily due to higher average savings deposits, which reflected a shift from money market deposits to relationship-based savings products. Additionally, average interest-bearing demand

deposits and average noninterest-bearing deposits increased as overall deposits grew. Average total deposits increased from 67% to 69% of average assets in the comparison.

Average borrowed funds declined due to decreases in average commercial paper, Federal Home Loan Bank (FHLB) borrowings and federal funds purchased and repurchase agreements, partially offset by an increase in average bank notes and senior debt. The Liquidity Risk Management portion of this Financial Review includes additional information regarding our sources and uses of borrowed funds.

Various seasonal and other factors impact our period-end balances, whereas average balances are generally more indicative of underlying business trends apart from the impact of acquisitions and divestitures. Total assets were $361.3 billion at June 30, 2016 compared with $358.5 billion at December 31, 2015. The Consolidated Balance Sheet Review section of this Financial Review provides information on changes in selected Consolidated Balance Sheet categories at June 30, 2016 compared with December 31, 2015.

Recent Market and Industry Developments

On June 29, 2016, the Federal Reserve announced the results of the 2016 CCAR exercise. As we previously announced, the Federal Reserve accepted the capital plan that PNC submitted in April 2016 and did not object to the capital actions included in that plan. See the Capital portion of the Consolidated Balance Sheet Review section of this Financial Review.

On July 6, 2016, the Federal Reserve granted the final one-year extension of the general conformance period available under the Volcker Rule provisions of the Dodd-Frank Act to give all banking entities until July 21, 2017, to conform their investments in, and relationships with, covered funds (as defined in the Volcker Rule) that were in place prior to December 31, 2013 (legacy covered funds). As a result, PNC now has until at least July 21, 2017, to divest or conform its remaining investments in, and relationships with, legacy covered funds, including certain of PNC’s REIT preferred securities that, as currently structured, are considered legacy covered funds. In the second quarter of 2016, PNC recorded negative valuation adjustments of $51 million in noninterest income primarily associated with nonconforming investments under the Volcker Rule. For additional information regarding the Volcker Rule and related considerations, see the Supervision and Regulation section in Item 1 Business and Item 1A Risk Factors of our 2015 Form 10-K. The Federal Reserve has the ability to provide up to an additional 5-year extended conformance period for investments held in, and relationships with, covered funds that qualify as illiquid funds under the Volcker Rule and the Federal Reserve’s regulations.

In June 2016, following a period of public comments, the FDIC revised and updated its FAQs concerning brokered deposits that were originally released in 2015. Federal banking laws and regulations apply a variety of requirements or restrictions on insured depository institutions with respect to brokered deposits. For example, as explained in these FAQs, only a “well capitalized” insured depository institution may accept or retain brokered deposits without prior regulatory approval and brokered deposits are generally subject to higher outflow assumptions than other types of deposits for purposes of the LCR. We do not anticipate that these revised FAQs will have a material impact on PNC’s deposit-taking activities or LCR.

6    The PNC Financial Services Group, Inc. – Form 10-Q

Business Segment Highlights

Table 3: Results Of Businesses – Summary (a)

(Unaudited)

	Net Income					Revenue				Average Assets (b)
Six months ended June 30 – in millions	2016			2015		2016		2015		2016		2015
Retail Banking	$	575		$	443	$	3,332	$	3,161	$	71,880	$	73,691
Corporate & Institutional Banking		921			990		2,691		2,647		136,913		131,711
Asset Management Group		97			99		569		595		7,822		7,974
Residential Mortgage Banking		33			47		340		413		6,037		7,190
BlackRock		246			269		311		351		6,919		6,760
Non-Strategic Assets Portfolio		81			137		175		230		5,677		7,094
Total business segments		1,953			1,985		7,418		7,397		235,248		234,420
Other (c) (d)		(21	)		63		41		200		122,203		115,941
Total	$	1,932		$	2,048	$	7,459	$	7,597	$	357,451	$	350,361

(a) Our business information is presented based on our internal management reporting practices. We periodically refine our internal methodologies as management reporting practices are enhanced. Net interest income in business segment results reflects PNC’s internal funds transfer pricing methodology. Assets receive a funding charge and liabilities and capital receive a funding credit based on a transfer pricing methodology that incorporates product repricing characteristics, tenor and other factors.

(b) Period-end balances for BlackRock.

(c) “Other” average assets include investment securities associated with asset and liability management activities.

(d) “Other” includes differences between the total business segment financial results and our total consolidated net income. Additional detail is included in Note 14 Segment Reporting in the Notes To Consolidated Financial Statements in Part I, Item 1 this Report.

CONSOLIDATED INCOME STATEMENT REVIEW

Our Consolidated Income Statement is presented in Part I, Item 1 of this Report.

Net income for the second quarter of 2016 was $989 million, or $1.82 per diluted common share, a decrease of 5%, compared with $1.044 billion, or $1.88 per diluted common share, for the second quarter of 2015. For the first six months of 2016, net income was $1.9 billion, or $3.49 per diluted common share, a decrease of 6%, compared with $2.0 billion, or $3.63 per diluted common share, for the first six months of 2015.

Net income decreased in both comparisons driven by higher provision for credit losses and a 2% decline in revenue, partially offset by a 2% decrease in noninterest expense in the year-to-date comparison. Lower revenue in both comparisons reflected a 5% decline in noninterest income, partially offset by a 1% increase in net interest income.

Net Interest Income

Table 4: Net Interest Income and Net Interest Margin

	Three months ended June 30						Six months ended June 30
Dollars in millions	2016			2015			2016			2015
Net interest income	$	2,068		$	2,052		$	4,166		$	4,124
Net interest margin (a)		2.70	%		2.73	%		2.73	%		2.78	%

(a) See footnote (c) in Table 1: Consolidated Financial Highlights on page 1.

Changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields, interest-bearing liabilities and related rates paid, and noninterest-bearing sources of funding. See the Statistical Information (Unaudited) – Average Consolidated Balance Sheet And Net Interest Analysis section of this Report for additional information.

Net interest income increased $16 million, or 1%, and $42 million, or 1%, for the second quarter and first six months of 2016, respectively, compared to the same periods in 2015. The increases in both comparisons were attributable to increases in loan and securities balances and higher loan yields, partially offset by lower purchase accounting accretion, higher borrowing costs and lower securities yields.

Net interest margins decreased in both comparisons mainly due to lower benefit from purchase accounting accretion, partially offset by the impact of lower balances on deposit with the Federal Reserve.

In the third quarter of 2016, we expect net interest income to be stable with the second quarter of 2016.

For full year 2016, we expect purchase accounting accretion to be down approximately $175 million compared to 2015.

The PNC Financial Services Group, Inc. – Form 10-Q    7

Noninterest Income

Table 5: Noninterest Income

	Three months ended June 30										Six months ended June 30
	2016		2015		Change						2016		2015		Change
Dollars in millions					$			%							$			%
Noninterest income
Asset management	$	377	$	416	$	(39	)		(9	)%	$	718	$	792	$	(74	)		(9	)%
Consumer services		354		334		20			6	%		691		645		46			7	%
Corporate services		403		369		34			9	%		728		713		15			2	%
Residential mortgage		165		164		1			1	%		265		328		(63	)		(19	)%
Service charges on deposits		163		156		7			4	%		321		309		12			4	%
Net gains on sales of securities		4		8		(4	)		(50	)%		13		50		(37	)		(74	)%
Other		260		367		(107	)		(29	)%		557		636		(79	)		(12	)%
Total noninterest income	$	1,726	$	1,814	$	(88	)		(5	)%	$	3,293	$	3,473	$	(180	)		(5	)%

Noninterest income decreased in both the quarterly and year-to-date comparisons. Noninterest income as a percentage of total revenue was 45% for the second quarter of 2016 compared to 47% for the same period in 2015. The comparable amounts for the year-to-date periods of 2016 and 2015 were 44% and 46%, respectively.

Asset management revenue decreased in both comparisons driven by lower earnings from our BlackRock equity investment and the impact of lower equity markets on both BlackRock and our asset management business segment. The decreases also included the impact from a $30 million trust settlement during the second quarter of 2015 in our asset management business segment. Discretionary client assets under management were $135 billion at June 30, 2016 compared with $134 billion at June 30, 2015.

Consumer services fees increased in both the quarterly and year-to-date comparisons, primarily due to growth in payment-related products including debit card, credit card and merchant services, as well as increased brokerage fees.

Corporate services revenue increased in both comparisons primarily as a result of higher merger and acquisition advisory fees and higher loan syndication fees.

Residential mortgage revenue decreased in the year-to-date comparison as a result of lower residential mortgage servicing rights valuation, net of economic hedge, and lower loan sales revenue, partially offset by higher servicing fee revenue.

Other noninterest income decreased in both comparisons mainly attributable to second quarter valuation adjustments of $51 million primarily associated with nonconforming investments under the Volcker Rule as well as lower net gains on sales of Visa Class B common shares. Net gains on the sale of Visa Class B common shares were $63 million on sales of 1.35 million shares for the first six months of 2016, including $31 million on the sale of 0.85 million shares in the second

quarter of 2016, compared to $79 million on the sale of 1.0 million shares in the second quarter of 2015. Net gains consist of gains on Visa sales reduced by derivative fair value adjustments related to swap agreements with purchasers of Visa Class B common shares in connection with all prior sales.

In the third quarter of 2016, we expect fee income to remain stable with the second quarter of 2016. Fee income, a non-GAAP financial measure, refers to noninterest income categories of asset management, consumer services, corporate services, residential mortgage and service charges on deposits.

For full year 2016, we expect total revenue to be stable compared to 2015.

Provision For Credit Losses

The provision for credit losses increased $81 million to $127 million in the second quarter of 2016 compared to the second quarter of 2015 and increased $179 million to $279 million for the first six months of 2016 compared to the same period in 2015. The increase in both comparisons was primarily due to provision for energy related loans in the oil, gas, and coal sectors, which was $128 million for the first six months of 2016, including $48 million in the second quarter of 2016. The energy related loan portfolio weakened slightly in the second quarter of 2016 compared to the first quarter of 2016, but at a slower pace.

We expect our provision for credit losses in the third quarter of 2016 to be between $100 million and $150 million.

The Credit Risk Management portion of the Risk Management section of this Financial Review includes additional information regarding factors impacting the provision for credit losses.

8    The PNC Financial Services Group, Inc. – Form 10-Q

Noninterest Expense

Noninterest expense for the second quarter of 2016 remained stable at $2.4 billion compared to the second quarter of 2015. Noninterest expense decreased $74 million, or 2%, to $4.6 billion for the first six months of 2016 compared to the same period in 2015, primarily due to the release of $24 million in residential mortgage foreclosure-related reserves and lower legal accruals, and reflected our effective expense management.

As of June 30, 2016, we have completed actions to capture more than two-thirds of our 2016 continuous improvement savings goal of $400 million, and are on track to achieve the full-year goal. Through this program, we intend to help fund our continued investments in technology and business infrastructure throughout 2016.

We expect noninterest expense in the third quarter of 2016 to remain stable compared to the second quarter 2016, and full year 2016 noninterest expense to remain stable compared to full year 2015.

Effective Income Tax Rate

The effective income tax rate was 24.3% in the second quarter of 2016 compared to 28.2% in the second quarter of 2015 and 23.9% in the first six months of 2016 compared to 26.4% in the same period of 2015. Both declines were primarily attributable to increased tax credit investments and a change in 2015 to record the impact of historic tax credits as a reduction to the associated investment asset balance.

The effective tax rate is generally lower than the statutory rate primarily due to tax credits PNC receives from our investments in low income housing and new markets investments, as well as earnings in other tax exempt investments.

We expect our full-year 2016 effective tax rate to be approximately 25%.

CONSOLIDATED BALANCE SHEET REVIEW

Table 6: Summarized Balance Sheet Data

	June 30 2016			December 31 2015			Change
Dollars in millions							$			%
Assets
Interest-earning deposits with banks	$	26,750		$	30,546		$	(3,796	)		(12	)%
Loans held for sale		2,296			1,540			756			49	%
Investment securities		71,801			70,528			1,273			2	%
Loans		209,056			206,696			2,360			1	%
Allowance for loan and lease losses		(2,685	)		(2,727	)		42			2	%
Goodwill		9,103			9,103			—			—
Mortgage servicing rights		1,222			1,589			(367	)		(23	)%
Other intangible assets		329			379			(50	)		(13	)%
Other, net		43,463			40,839			2,624			6	%
Total assets	$	361,335		$	358,493		$	2,842			1	%
Liabilities
Deposits	$	249,778		$	249,002		$	776			—
Borrowed funds		54,571			54,532			39			—
Other		10,287			8,979			1,308			15	%
Total liabilities		314,636			312,513			2,123			1	%
Equity
Total shareholders’ equity		45,558			44,710			848			2	%
Noncontrolling interests		1,141			1,270			(129	)		(10	)%
Total equity		46,699			45,980			719			2	%
Total liabilities and equity	$	361,335		$	358,493		$	2,842			1	%

The PNC Financial Services Group, Inc. – Form 10-Q    9

The summarized balance sheet data above is based upon our Consolidated Balance Sheet in Part 1, Item 1 of this Report.

PNC’s balance sheet reflected asset growth and strong liquidity and capital positions at June 30, 2016 as compared to December 31, 2015.

• Total assets increased in the comparison primarily due to increases in loans, investment securities, and other assets driven by accounts receivable for trade date securities sales, partially offset by lower interest-earning deposits with banks.

• Total liabilities increased mainly due to deposit growth and higher other liabilities driven by accounts payable for trade date securities purchases.

• Total equity increased mainly due to increased retained earnings driven by net income, offset by share repurchases.

Loans

Outstanding loan balances of $209.1 billion at June 30, 2016 and $206.7 billion at December 31, 2015 were net of unearned income, net deferred loan fees, unamortized discounts and premiums, and purchase discounts and premiums totaling $1.4 billion at both June 30, 2016 and December 31, 2015.

Table 7: Details Of Loans

	June 30 2016		December 31 2015		Change
Dollars in millions					$			%
Commercial lending
Commercial
Manufacturing	$	19,665	$	19,014	$	651			3	%
Retail/wholesale trade		16,786		16,661		125			1	%
Service providers		14,258		13,970		288			2	%
Real estate related (a)		11,965		11,659		306			3	%
Health care		9,092		9,210		(118	)		(1	)%
Financial services		7,400		7,234		166			2	%
Other industries		21,396		20,860		536			3	%
Total commercial		100,562		98,608		1,954			2	%
Commercial real estate
Real estate projects (b)		16,468		15,697		771			5	%
Commercial mortgage		12,372		11,771		601			5	%
Total commercial real estate		28,840		27,468		1,372			5	%
Equipment lease financing		7,620		7,468		152			2	%
Total commercial lending		137,022		133,544		3,478			3	%
Consumer lending
Home equity
Lines of credit		18,203		18,828		(625	)		(3	)%
Installment		12,680		13,305		(625	)		(5	)%
Total home equity		30,883		32,133		(1,250	)		(4	)%
Residential real estate
Residential mortgage		14,562		14,162		400			3	%
Residential construction		237		249		(12	)		(5	)%
Total residential real estate		14,799		14,411		388			3	%
Credit card		4,896		4,862		34			1	%
Other consumer
Automobile		11,449		11,157		292			3	%
Education		5,482		5,881		(399	)		(7	)%
Other		4,525		4,708		(183	)		(4	)%
Total consumer lending		72,034		73,152		(1,118	)		(2	)%
Total loans	$	209,056	$	206,696	$	2,360			1	%

(a) Includes loans to customers in the real estate and construction industries.

(b) Includes both construction loans and intermediate financing for projects.

10    The PNC Financial Services Group, Inc. – Form 10-Q

Loan growth was the result of an increase in total commercial lending driven by commercial and commercial real estate loans, partially offset by a decline in consumer lending due to lower home equity and education loans.

Loans represented 58% of total assets at both June 30, 2016 and December 31, 2015. Commercial lending represented 66% of the loan portfolio at June 30, 2016 and 65% at December 31, 2015. Consumer lending represented 34% of the loan portfolio at June 30, 2016 and 35% at December 31, 2015. See the Credit Risk Management portion of the Risk Management section of this Financial Review for additional information regarding our loan portfolio.

Total loans above include purchased impaired loans of $3.2 billion, or 2% of total loans, at June 30, 2016, and $3.5 billion, or 2% of total loans, at December 31, 2015.

For the third quarter of 2016, we expect total loans to be up modestly compared to the second quarter of 2016.

Allowance for Loan and Lease Losses (ALLL)

Information regarding our higher risk loans and ALLL is included in the Credit Risk Management portion of the Risk Management section of this Financial Review, Note 1 Accounting Policies in our 2015 Form 10-K and Note 3 Asset Quality and Note 4 Allowances for Loan and Lease Losses and Unfunded Loan Commitments and Letters of Credit in our Notes To Consolidated Financial Statements included in Part 1, Item 1 of this Report.

Purchased Impaired Loans

The following table provides further detail on purchased impaired loans at June 30, 2016 and December 31, 2015:

Table 8: Purchased Impaired Loans – Balances

	June 30, 2016						December 31, 2015
In millions	Outstanding Balance (a)		Recorded Investment		Carrying Value		Outstanding Balance (a)		Recorded Investment		Carrying Value
Total commercial lending	$	185	$	138	$	94	$	249	$	169	$	120
Total consumer lending		3,379		3,098		2,817		3,684		3,353		3,092
Total	$	3,564	$	3,236	$	2,911	$	3,933	$	3,522	$	3,212

(a) Outstanding balance represents the balance on the loan servicing system. Recorded investment may be greater than the outstanding balance due to expected recoveries of collateral.

The excess of undiscounted cash flows expected at acquisition over the estimated fair value is referred to as the accretable yield and is recognized as interest income over the remaining life of the loan using the constant effective yield method. Activity for the accretable yield during the first six months of 2016 and 2015 follows:

Table 9: Purchased Impaired Loans – Accretable Yield

In millions	2016			2015
January 1	$	1,250		$	1,558
Accretion (including excess cash recoveries)		(199	)		(252	)
Net reclassifications to accretable from non-accretable		110			146
Disposals		(4	)		(9	)
June 30	$	1,157		$	1,443

We currently expect to collect total cash flows of $4.1 billion on purchased impaired loans, representing the $2.9 billion carrying value at June 30, 2016 and accretable net interest of $1.2 billion.

The table below provides the weighted average life (WAL) for each of the purchased impaired portfolios as of June 30, 2016.

Table 10: Weighted Average Life of the Purchased Impaired Portfolios

As of June 30, 2016 Dollars in millions	Recorded Investment		WAL (a)
Commercial	$	26		2.2 years
Commercial real estate		112		1.5 years
Consumer (b)		1,263		3.9 years
Residential real estate		1,835		4.6 years
Total	$	3,236		4.2 years

(a) Weighted average life represents the average number of years for which each dollar of unpaid principal remains outstanding.

(b) Portfolio primarily consists of nonrevolving home equity products.

For more information on purchased impaired loans and the accretable yield, see Note 1 Accounting Policies in our 2015 Form 10-K.

The PNC Financial Services Group, Inc. – Form 10-Q    11

Investment Securities

The following table presents the distribution of our investment securities portfolio by credit rating. We have included credit ratings information because we believe that the information is an indicator of the degree of credit risk to which we are exposed. Changes in credit ratings classifications could indicate increased or decreased credit risk and could be accompanied by a reduction or increase in the fair value of our investment securities portfolio.

Table 11: Investment Securities

	June 30, 2016				December 31, 2015				Ratings (a) As of June 30, 2016
Dollars in millions	Amortized Cost		Fair Value		Amortized Cost		Fair Value		AAA/ AA			A			BBB			BB and Lower			No Rating
U.S. Treasury and government agencies	$	10,057	$	10,429	$	10,022	$	10,172		100	%
Agency residential mortgage-backed		35,274		36,068		34,250		34,408		100
Non-agency residential mortgage-backed		3,772		3,920		4,225		4,392		11						4	%		80	%		5	%
Agency commercial mortgage-backed		2,849		2,918		3,045		3,086		100
Non-agency commercial mortgage-backed (b)		5,171		5,242		5,624		5,630		79			9	%		2			2			8
Asset-backed (c)		6,387		6,394		6,134		6,130		90			3						6			1
State and municipal		3,915		4,206		3,936		4,126		89			6									5
Other debt		2,638		2,703		2,211		2,229		50			34			15						1
Corporate stock and other		483		484		590		589														100
Total investment securities (d)	$	70,546	$	72,364	$	70,037	$	70,762		90	%		3	%		1	%		5	%		1	%

(a) Ratings percentages allocated based on amortized cost.

(b) Collateralized primarily by retail properties, office buildings, lodging properties and multi-family housing.

(c) Collateralized primarily by corporate debt, government guaranteed student loans and other consumer credit products.

(d) Includes available for sale and held to maturity securities.

Investment securities represented 20% of total assets at both June 30, 2016 and December 31, 2015.

We evaluate our investment securities portfolio in light of changing market conditions and other factors and, where appropriate, take steps to improve our overall positioning. We consider the portfolio to be well-diversified and of high quality. At June 30, 2016, 90% of the securities in the portfolio were rated AAA/AA, with U.S. Treasury and government agencies, agency residential mortgage-backed and agency commercial mortgage-backed securities collectively representing 68% of the portfolio.

The investment securities portfolio includes both available for sale and held to maturity securities. Securities classified as available for sale are carried at fair value with net unrealized gains and losses, representing the difference between amortized cost and fair value, included in Shareholders’ equity as Accumulated other comprehensive income or loss, net of tax, on our Consolidated Balance Sheet. Securities classified as held to maturity are carried at amortized cost. As of June 30, 2016, the amortized cost and fair value of available for sale securities totaled $55.6 billion and $56.9 billion, respectively, compared to an amortized cost and fair value as of December 31, 2015 of $55.3 billion and $55.8 billion, respectively. The amortized cost and fair value of held to maturity securities were $14.9 billion and $15.5 billion, respectively, at June 30, 2016, compared to $14.8 billion and $15.0 billion, respectively, at December 31, 2015.

The fair value of investment securities is impacted by interest rates, credit spreads, market volatility and liquidity conditions. The fair value of investment securities generally decreases when interest rates increase and vice versa. In addition, the fair

value generally decreases when credit spreads widen and vice versa. Net unrealized gains in the total investment securities portfolio increased to $1.8 billion at June 30, 2016 from $0.7 billion at December 31, 2015. The comparable amounts for the securities available for sale portfolio were $1.3 billion at June 30, 2016 and $0.5 billion at December 31, 2015.

Unrealized gains and losses on available for sale debt securities do not impact liquidity; however these gains and losses do affect capital under the regulatory capital rules. Also, a change in the securities’ credit ratings could impact the liquidity of the securities and may be indicative of a change in credit quality, which could affect our risk-weighted assets and, therefore, our risk-based regulatory capital ratios under the regulatory capital rules. In addition, the amount representing the credit-related portion of other-than-temporary impairment (OTTI) on securities would reduce our earnings and regulatory capital ratios.

The duration of investment securities was 2.0 years at June 30, 2016. We estimate that at June 30, 2016 the effective duration of investment securities was 2.1 years for an immediate 50 basis points parallel increase in interest rates and 1.8 years for an immediate 50 basis points parallel decrease in interest rates. Comparable amounts at December 31, 2015 for the effective duration of investment securities were 2.8 years and 2.6 years, respectively.

Based on current interest rates and expected prepayment speeds, the weighed-average expected maturity of the investment securities portfolio (excluding corporate stock and other) was 4.0 years at June 30, 2016 compared to 4.8 years at December 31, 2015. The weighted-average expected maturities of mortgage and other asset-backed debt securities were as follows as of June 30, 2016:

12    The PNC Financial Services Group, Inc. – Form 10-Q

Table 12: Weighted-Average Expected Maturities of Mortgage and Other Asset-Backed Debt Securities

June 30, 2016	Years
Agency residential mortgage-backed securities		3.4
Non-agency residential mortgage-backed securities		5.3
Agency commercial mortgage-backed securities		2.9
Non-agency commercial mortgage-backed securities		3.6
Asset-backed securities		2.6

At least quarterly, we conduct a comprehensive security-level impairment assessment on all securities. If economic conditions, including home prices, were to deteriorate from current levels, and if market volatility and liquidity were to deteriorate from current levels, or if market interest rates were to increase or credit spreads were to widen appreciably, the valuation of our investment securities portfolio would likely be adversely affected and we could incur additional OTTI credit losses that would impact our Consolidated Income Statement. For those securities on our balance sheet at June 30, 2016, where during our quarterly security-level impairment assessments we determined losses represented OTTI, we have recorded cumulative credit losses of $1.1 billion in earnings and accordingly have reduced the amortized cost of our securities. The majority of these cumulative impairment charges related to non-agency residential mortgage-backed and asset-backed securities rated BB or lower.

Additional information regarding our investment securities is included in Note 5 Investment Securities and Note 6 Fair Value in the Notes To Consolidated Financial Statements included in Part I, Item 1 of this Report.

Loans Held for Sale

Table 13: Loans Held For Sale

	June 30 2016		December 31    2015	Change
In millions				$		%
Commercial mortgages	$	1,000	$668	$	332		50	%
Residential mortgages		1,137	850		287		34	%
Other		159	22		137		623	%
Total	$	2,296	$1,540	$	756		49	%

Loans held for sale increased in the comparison reflecting higher origination volumes in both commercial and residential mortgages.

We sold $1.5 billion of commercial mortgage loans to agencies during the first six months of 2016 compared to $2.2 billion during the first six months of 2015. Total revenue of $33 million was recognized on the valuation and sale of commercial mortgage loans held for sale, net of hedges, during the first six months of 2016, including $16 million in the second quarter. Comparable amounts for 2015 were $51

million and $36 million, respectively. These amounts are included in Other noninterest income on the Consolidated Income Statement.

Residential mortgage loan origination volume was $4.5 billion during the first six months of 2016 compared to $5.5 billion in the same period in 2015. The majority of such loans were originated under agency or Federal Housing Administration (FHA) standards. We sold $2.8 billion of loans and recognized loan sales revenue of $159 million during the first six months of 2016, of which $95 million occurred in the second quarter. The comparable amounts for 2015 were $4.0 billion and $203 million, respectively, including $99 million in the second quarter. These loan sales revenue amounts are included in Residential mortgage noninterest income on the Consolidated Income Statement.

Interest income on loans held for sale was $34 million during the first six months of 2016, including $18 million in the second quarter. Comparable amounts for 2015 were $46 million and $23 million, respectively. These amounts are included in Other interest income on the Consolidated Income Statement.

Additional information regarding our loan sale and servicing activities is included in Note 2 Loan Sale and Servicing Activities and Variable Interest Entities and Note 6 Fair Value in our Notes To Consolidated Financial Statements included in Part 1, Item 1 of this Report.

Funding Sources

Table 14: Details Of Funding Sources

	June 30 2016		December 31 2015		Change
Dollars in millions					$			%
Deposits
Money market	$	110,435	$	118,079	$	(7,644	)		(6	)%
Demand		90,356		90,038		318			–
Savings		29,936		20,375		9,561			47	%
Retail certificates of deposit		17,359		17,405		(46	)		–
Time deposits in foreign offices and other time deposits		1,692		3,105		(1,413	)		(46	)%
Total deposits		249,778		249,002		776			–
Borrowed funds
Federal funds purchased and repurchase agreements		1,620		1,777		(157	)		(9	)%
FHLB borrowings		18,055		20,108		(2,053	)		(10	)%
Bank notes and senior debt		23,588		21,298		2,290			11	%
Subordinated debt		8,764		8,556		208			2	%
Other		2,544		2,793		(249	)		(9	)%
Total borrowed funds		54,571		54,532		39			–
Total funding sources	$	304,349	$	303,534	$	815			–

The PNC Financial Services Group, Inc. – Form 10-Q    13

See the Liquidity Risk Management portion of the Risk Management section of this Financial Review for additional information regarding our 2016 capital and liquidity activities.

Total deposits increased in the comparison mainly due to growth in savings deposits reflecting in part a shift from money market deposits to relationship-based savings products. Interest-bearing deposits represented 69% of total deposits at June 30, 2016 and 68% at December 31, 2015.

Total borrowed funds increased slightly in the comparison as higher bank notes and senior debt were substantially offset by maturities of FHLB borrowings.

Capital

We manage our funding and capital positions by making adjustments to our balance sheet size and composition, issuing debt, equity or other capital instruments, executing treasury stock transactions and capital redemptions, managing dividend policies and retaining earnings.

We repurchase shares of PNC common stock under common stock repurchase authorizations approved by PNC’s Board of Directors and consistent with capital plans submitted to, and accepted by, the Federal Reserve. The extent and timing of share repurchases under authorizations will depend on a number of factors including, among others, market and general economic conditions, economic and regulatory capital considerations, alternative uses of capital, the potential impact on our credit ratings, contractual and regulatory limitations, and the results of future supervisory assessments of capital adequacy and capital planning processes undertaken by the Federal Reserve as part of the CCAR process.

In the second quarter of 2016, we repurchased 6.1 million common shares for $.5 billion, completing our common stock repurchase programs for the five quarter period that ended in June 2016. We returned a total of $4.0 billion of capital to shareholders through repurchases of 29.9 million common shares for $2.7 billion and dividends on common shares of $1.3 billion over the five quarter period, consistent with the capital plan accepted by the Federal Reserve as part of our 2015 CCAR submission.

In connection with the 2016 CCAR process, we submitted our capital plan as approved by PNC’s Board of Directors, to the Federal Reserve in April 2016. The Federal Reserve accepted the capital plan and did not object to our proposed capital actions. As provided for in the 2016 capital plan, PNC announced new share repurchase programs of up to $2.0 billion for the four-quarter period beginning in the third quarter of 2016, including repurchases of up to $200 million related to employee benefit plans.

We paid dividends on common stock of $.3 billion, or 51 cents per common share, during the second quarter of 2016. On July 7, 2016, the PNC Board of Directors raised the quarterly common stock cash dividend to 55 cents per share, an increase of 4 cents, or 8%, payable on August 5, 2016.

See the Supervision and Regulation section of Item 1 Business of our 2015 Form 10-K for further information concerning the CCAR process and the factors the Federal Reserve takes into consideration in its evaluation of capital plans. See also the Capital section of the Consolidated Balance Sheet Review in our 2015 Form 10-K for additional information on our 2015 CCAR submission and current capital plan.

Table 15: Shareholders’ Equity

	June 30 2016			December 31 2015			Change
Dollars in millions							$			%
Shareholders’ equity
Preferred stock (a)
Common stock	$	2,709		$	2,708		$	1			–
Capital surplus – preferred stock		3,455			3,452			3			–
Capital surplus – common stock and other		12,653			12,745			(92	)		(1	)%
Retained earnings		30,309			29,043			1,266			4	%
Accumulated other comprehensive income		736			130			606			466	%
Common stock held in treasury at cost		(4,304	)		(3,368	)		(936	)		(28	)%
Total shareholders’ equity	$	45,558		$	44,710		$	848			2	%

(a) Par value less than $.5 million at each date.

The increase in total shareholders’ equity compared to December 31, 2015 was mainly due to a $1.3 billion increase in retained earnings and higher accumulated other comprehensive income primarily related to net securities gains, partially offset by common share repurchases of $1.0 billion. The increase in retained earnings was driven by net income of $1.9 billion, reduced by $.6 billion of common and preferred dividends declared. Common shares outstanding were 493 million and 504 million at June 30, 2016, and December 31, 2015, respectively.

14    The PNC Financial Services Group, Inc. – Form 10-Q

Table 16: Basel III Capital

	June 30, 2016
Dollars in millions	2016 Transitional Basel III (a)			Pro forma Fully Phased-In Basel III (estimated) (b)(c)
Common equity Tier 1 capital
Common stock plus related surplus, net of treasury stock	$	11,058		$	11,058
Retained earnings		30,309			30,309
Accumulated other comprehensive income for securities currently and previously held as available for sale		499			831
Accumulated other comprehensive income for pension and other postretirement plans		(327	)		(545	)
Goodwill, net of associated deferred tax liabilities		(8,833	)		(8,833	)
Other disallowed intangibles, net of deferred tax liabilities		(175	)		(291	)
Other adjustments/(deductions)		(158	)		(165	)
Total common equity Tier 1 capital before threshold deductions		32,373			32,364
Total threshold deductions		(710	)		(1,185	)
Common equity Tier 1 capital		31,663			31,179
Additional Tier 1 capital
Preferred stock plus related surplus		3,455			3,455
Trust preferred capital securities		–			–
Noncontrolling interests (d)		418			45
Other adjustments/(deductions)		(86	)		(109	)
Tier 1 capital		35,450			34,570
Additional Tier 2 capital
Qualifying subordinated debt		4,041			3,845
Trust preferred capital securities		119			–
Allowance for loan and lease losses included in Tier 2 capital		2,989			2,989
Other (d)		6			11
Total Basel III capital	$	42,605		$	41,415
Risk-weighted assets
Basel III standardized approach risk-weighted assets (e)	$	297,724		$	305,918
Basel III advanced approaches risk-weighted assets (f)		N/A		$	278,863
Average quarterly adjusted total assets	$	348,195		$	347,572
Supplementary leverage exposure (g)	$	411,912		$	411,289
Basel III risk-based capital and leverage ratios
Common equity Tier 1		10.6	%		10.2	%(h)(i)
Tier 1		11.9	%		11.3	%(h)(j)
Total		14.3	%		13.5	%(h)(k)
Leverage (l)		10.2	%		9.9	%
Supplementary leverage ratio (m)		8.6	%		8.4	%

(a) Calculated using the regulatory capital methodology applicable to PNC during 2016.

(b) PNC utilizes the pro forma fully phased-in Basel III capital ratios to assess its capital position (without the benefit of phase-ins), including comparison to similar estimates made by other financial institutions. Pro forma fully phased-in capital amounts, ratios and risk-weighted and leverage-related assets are estimated.

(c) Basel III capital ratios and estimates may be impacted by additional regulatory guidance or analysis and, in the case of those ratios calculated using the advanced approaches, the ongoing evolution, validation and regulatory approval of PNC’s models integral to the calculation of advanced approaches risk-weighted assets.

(d) Primarily includes REIT Preferred Securities for transitional and pro forma fully phased-in.

(e) Includes credit and market risk-weighted assets.

(f) Basel III advanced approaches risk-weighted assets are estimated based on the Basel III advanced approaches rules, and include credit, market, and operational risk-weighted assets. During the parallel run qualification phase PNC has refined the data, models, and internal processes used as part of the advanced approaches for determining risk-weighted assets. We anticipate additional refinements to this estimate through the parallel run qualification phase.

(g) Supplementary leverage exposure is the sum of Adjusted average assets and certain off-balance sheet exposures including undrawn credit commitments and derivative potential future exposures.

(h) Pro forma fully phased-in Basel III capital ratio based on Basel III standardized approach risk-weighted assets and rules.

(continued on following page)

The PNC Financial Services Group, Inc. – Form 10-Q    15

(continued from previous page)

(i) For comparative purposes only, the pro forma fully phased-in advanced approaches Basel III Common equity Tier 1 capital ratio estimate is 11.2%. This capital ratio is calculated using pro forma fully phased-in Common equity Tier 1 capital and dividing by estimated Basel III advanced approaches risk-weighted assets.

(j) For comparative purposes only, the pro forma fully phased-in advanced approaches Basel III Tier 1 risk-based capital ratio estimate is 12.4%. This capital ratio is calculated using fully phased-in Tier 1 capital and dividing by estimated Basel III advanced approaches risk-weighted assets.

(k) For comparative purposes only, the pro forma fully phased-in advanced approaches Basel III Total capital risk-based capital ratio estimate is 13.8%. This ratio is calculated using fully phased-in Total Basel III capital, which under the advanced approaches, Additional Tier 2 capital includes allowance for loan and lease losses in excess of Basel expected credit losses, if any, up to 0.6% of credit risk related risk-weighted assets and dividing by estimated Basel III advanced approach risk-weighted assets.

(l) Leverage ratio is calculated based on Tier 1 capital divided by Average quarterly adjusted total assets.

(m) Supplementary leverage ratio is calculated based on Tier 1 capital divided by Supplementary leverage exposure. As advanced approaches banking organizations, PNC and PNC Bank will be subject to a 3% minimum supplementary leverage ratio effective January 1, 2018.

As a result of the staggered effective dates of the final U.S. Basel III regulatory capital rules (Basel III rules), as well as the fact that PNC remains in the parallel run qualification phase for the advanced approaches, PNC’s regulatory risk-based ratios in 2016 are calculated using the standardized approach for determining risk-weighted assets, and the definitions of, and deductions from, regulatory capital under the Basel III rules (as such definitions and deductions are phased-in for 2016). We refer to the capital ratios calculated using the phased-in Basel III provisions in effect for 2016 and, for the risk-based ratios, standardized approach risk-weighted assets, as the 2016 Transitional Basel III ratios. Under the standardized approach for determining credit risk-weighted assets, exposures are generally assigned a pre-defined risk weight. Exposures to high volatility commercial real estate, past due exposures, equity exposures and securitization exposures are generally subject to higher risk weights than other types of exposures.

Under the Basel III rules adopted by the U.S. banking agencies, significant common stock investments in unconsolidated financial institutions, mortgage servicing rights and deferred tax assets must be deducted from capital (subject to a phase-in schedule and net of associated deferred tax liabilities) to the extent they individually exceed 10%, or in the aggregate exceed 15%, of the institution’s adjusted common equity Tier 1 capital. Also, Basel III regulatory capital includes (subject to a phase-in schedule) accumulated other comprehensive income related to securities currently and previously held as available for sale, as well as pension and other postretirement plans.

Federal banking regulators have stated that they expect the largest U.S. bank holding companies, including PNC, to have a level of regulatory capital well in excess of the regulatory minimum and have required the largest U.S. bank holding companies, including PNC, to have a capital buffer sufficient to withstand losses and allow them to meet the credit needs of their customers through estimated stress scenarios. We seek to manage our capital consistent with these regulatory principles, and believe that our June 30, 2016 capital levels were aligned with them.

At June 30, 2016, PNC and PNC Bank, our sole bank subsidiary, were both considered “well capitalized,” based on applicable U.S. regulatory capital ratio requirements. To qualify as “well capitalized”, PNC must have Transitional Basel III capital ratios of at least 6% for Tier 1 risk-based

capital and 10% for Total risk-based capital, and PNC Bank must have Transitional Basel III capital ratios of at least 6.5% for Common equity Tier 1 risk-based capital, 8% for Tier 1 risk-based capital, 10% for Total risk-based capital, and a Leverage ratio of at least 5%.

We provide additional information regarding regulatory capital requirements and some of their potential impacts on PNC in the Supervision and Regulation section of Item 1 Business, Item 1A Risk Factors and Note 19 Regulatory Matters in the Notes To Consolidated Financial Statements in Item 8 of our 2015 Form 10-K. See the Statistical Information (Unaudited) section of this Report for details on PNC’s December 31, 2015 and June 30, 2015 Transitional Basel III and Pro forma fully phased-in Basel III common equity tier 1 capital ratios.

OFF-BALANCE SHEET ARRANGEMENTS AND VARIABLE INTEREST ENTITIES

We engage in a variety of activities that involve unconsolidated entities or that are otherwise not reflected in our Consolidated Balance Sheet that are generally referred to as “off-balance sheet arrangements.” Additional information on these types of activities is included in our 2015 Form 10-K and in the following sections of this Report:

• Commitments, including contractual obligations and other commitments, included within the Risk Management section of this Financial Review,

• Note 2 Loan Sale and Servicing Activities and Variable Interest Entities in the Notes To Consolidated Financial Statements, and

• Note 13 Commitments and Guarantees in the Notes To Consolidated Financial Statements.

PNC consolidates variable interest entities (VIEs) when we are deemed to be the primary beneficiary. The primary beneficiary of a VIE is determined to be the party that meets both of the following criteria: (i) has the power to make decisions that most significantly affect the economic performance of the VIE and (ii) has the obligation to absorb losses or the right to receive benefits that in either case could potentially be significant to the VIE.

A summary of VIEs, including those that we have consolidated and those in which we hold variable interests but have not consolidated into our financial statements, as of June 30, 2016 and December 31, 2015, is included in Note 2 of this Report.

16    The PNC Financial Services Group, Inc. – Form 10-Q

Trust Preferred Securities and REIT Preferred Securities

See Note 11 Borrowed Funds and Note 16 Equity in the Notes To Consolidated Financial Statements in Item 8 of our 2015 Form 10-K for additional information on trust preferred securities issued by PNC Capital Trust C and REIT preferred securities issued by PNC Preferred Funding Trust I and PNC Preferred Funding Trust II including information on contractual limitations potentially imposed on payments (including dividends) with respect to PNC and PNC Bank’s equity capital securities.

FAIR VALUE MEASUREMENTS

In addition to the following, see Note 6 Fair Value in the Notes To Consolidated Financial Statements in Part I, Item 1 of this Report for further information regarding fair value.

The following table summarizes the assets and liabilities measured at fair value on a recurring basis at June 30, 2016 and December 31, 2015, respectively, and the portions of such assets and liabilities that are classified within Level 3 of the valuation hierarchy. Level 3 assets and liabilities are those where the fair value is estimated using significant unobservable inputs.

Table 17: Fair Value Measurements – Summary

	June 30, 2016						December 31, 2015
Dollars in millions	Total Fair Value			Level 3			Total Fair Value			Level 3
Total assets	$	73,459		$	8,188		$	68,804		$	8,606
Total assets at fair value as a percentage of consolidated assets		20	%					19	%
Level 3 assets as a percentage of total assets at fair value					11	%					13	%
Level 3 assets as a percentage of consolidated assets					2	%					2	%
Total liabilities	$	7,197		$	406		$	4,892		$	495
Total liabilities at fair value as a percentage of consolidated liabilities		2	%					2	%
Level 3 liabilities as a percentage of total liabilities at fair value					6	%					10	%
Level 3 liabilities as a percentage of consolidated liabilities					<1	%					<1	%

BUSINESS SEGMENTS REVIEW

We have six reportable business segments:

• Retail Banking

• Corporate & Institutional Banking

• Asset Management Group

• Residential Mortgage Banking

• BlackRock

• Non-Strategic Assets Portfolio

Business segment results, including the basis of presentation of inter-segment revenues, and a description of each business are included in Note 14 Segment Reporting included in the Notes To Consolidated Financial Statements in Part I, Item 1 of this Report. Certain amounts included in this Business Segments Review and the Business Segments Highlights in the Executive Summary section of this Financial Review differ from those amounts shown in Note 14, primarily due to the presentation in this Financial Review of business net interest revenue on a taxable-equivalent basis.

Net interest income in business segment results reflects PNC’s internal funds transfer pricing methodology. Assets receive a funding charge and liabilities and capital receive a funding credit based on a transfer pricing methodology that incorporates product repricing characteristics, tenor and other factors.

The PNC Financial Services Group, Inc. – Form 10-Q    17

Retail Banking

(Unaudited)

Table 18: Retail Banking Table

Six months ended June 30 Dollars in millions, except as noted							Change
	2016			2015			$			%
Income Statement
Net interest income	$	2,231		$	2,083		$	148			7	%
Noninterest income		1,101			1,078			23			2	%
Total revenue		3,332			3,161			171			5	%
Provision for credit losses		106			94			12			13	%
Noninterest expense		2,318			2,368			(50	)		(2	)%
Pretax earnings		908			699			209			30	%
Income taxes		333			256			77			30	%
Earnings	$	575		$	443		$	132			30	%
Average Balance Sheet
Loans
Consumer
Home equity	$	26,526		$	27,964		$	(1,438	)		(5	)%
Automobile		10,882			10,340			542			5	%
Education		5,754			6,506			(752	)		(12	)%
Credit cards		4,755			4,446			309			7	%
Other		1,807			1,887			(80	)		(4	)%
Total consumer		49,724			51,143			(1,419	)		(3	)%
Commercial and commercial real estate		12,435			12,812			(377	)		(3	)%
Residential mortgage		567			731			(164	)		(22	)%
Total loans	$	62,726		$	64,686		$	(1,960	)		(3	)%
Total assets	$	71,880		$	73,691		$	(1,811	)		(2	)%
Deposits
Noninterest-bearing demand	$	26,577		$	23,015		$	3,562			15	%
Interest-bearing demand		38,378			36,054			2,324			6	%
Money market		48,739			54,071			(5,332	)		(10	)%
Savings		23,954			13,245			10,709			81	%
Certificates of deposit		15,199			17,032			(1,833	)		(11	)%
Total deposits	$	152,847		$	143,417		$	9,430			7	%
Performance Ratios
Return on average assets		1.61	%		1.21	%
Noninterest income to total revenue		33	%		34	%
Efficiency		70	%		75	%
Supplemental Noninterest Income Information
Service charges on deposits	$	306		$	294		$	12			4	%
Brokerage	$	149		$	138		$	11			8	%
Consumer services	$	525		$	487		$	38			8	%
Other Information (a)
Customer-related statistics (average):
Non-teller deposit transactions (b)		48	%		41	%
Digital consumer customers (c)		57	%		51	%
Credit-related statistics:
Nonperforming assets (d)	$	995		$	1,127		$	(132	)		(12	)%
Net charge-offs	$	171		$	185		$	(14	)		(8	)%
Annualized net charge-off ratio		.55	%		.58	%
Other statistics:
ATMs		8,993			8,880			113			1	%
Branches (e)		2,601			2,644			(43	)		(2	)%
Universal branches (f)		467			347			120			35	%
Brokerage account client assets (billions) (g)	$	44		$	44			–			–

18    The PNC Financial Services Group, Inc. – Form 10-Q

(a) Presented as of June 30, except for customer-related statistics, which are averages for the six months ended, and net charge-offs and annualized net charge-off ratio, which are for the six months ended.

(b) Percentage of total consumer and business banking deposit transactions processed at an ATM or through our mobile banking application.

(c) Represents consumer checking relationships that process the majority of their transactions through non-teller channels.

(d) Includes nonperforming loans of $.9 billion at June 30, 2016 and $1.1 billion at June 30, 2015.

(e) Excludes satellite offices (e.g., drive-ups, electronic branches and retirement centers) that provide limited products and/or services.

(f) Included in total branches, represents branches operating under our Universal model.

(g) Amounts include cash and money market balances.

Retail Banking earned $575 million in the first six months of 2016 compared with earnings of $443 million for the first six months of 2015. The increase in earnings was driven by higher revenue, including both net interest income and noninterest income, as well as a decrease in noninterest expense. Retail Banking continues to enhance the customer experience with refinements to product offerings that drive product value for consumers and small businesses. We are focused on growing customer share of wallet through the sale of liquidity, banking, and investment products that meet the broad range of financial needs of our customers.

Retail Banking continued to focus on the strategic priority of transforming the customer experience through transaction migration, branch network transformation and multi-channel sales and service strategies.

• In the first six months of 2016, approximately 57% of consumer customers used non-teller channels for the majority of their transactions compared with 51% for the same period in 2015.

• Deposit transactions via ATM and mobile channels increased to 48% of total deposit transactions in the first six months of 2016 compared with 41% for the same period in 2015.

• Integral to PNC’s retail branch transformation strategy, 467 branches, or 18% of the branch network, operate under the universal model designed to enhance sales opportunities for branch personnel, in part, by driving higher ATM and mobile deposits. PNC had a network of 2,601 branches and 8,993 ATMs at June 30, 2016.

• Instant debit card issuance, which enables us to print a customer’s debit card in minutes, was available in 1,776 branches, or 68% of the branch network, as of June 30, 2016.

Net interest income increased in the comparison due to growth in deposit balances and interest rate spread on the value of deposits, partially offset by lower loan balances and interest rate spread compression on the value of loans.

Growth in noninterest income primarily resulted from execution on our share of wallet strategy, which drove increased consumer service fee income from payment-related products, specifically in debit card, credit card and merchant services, as well as increased brokerage fees. Noninterest income in the first six months of 2016 also reflected net gains of $63 million on sales of 1.35 million Visa Class B common shares compared with a net gain of $79 million on the sale of 1.0 million shares in the second quarter of 2015. Net gains on Visa sales include derivative fair value adjustments related to swap agreements with purchasers of Visa Class B common shares in connection with all prior sales.

The decline in noninterest expense in the comparison was due to lower marketing expense and reduced branch network

expenses as a result of network transformation and transaction migration to lower cost digital and ATM channels.

Provision for credit losses increased compared to the same period a year ago, reflecting slowing credit quality improvement.

The deposit strategy of Retail Banking is to remain disciplined on pricing, focused on growing and retaining relationship-based balances, executing on market specific deposit growth strategies, and providing a source of low-cost funding and liquidity to PNC.

In the first six months of 2016, average total deposits of $152.8 billion increased compared to the same period a year ago, driven by growth in savings deposits reflecting in part a shift from money market deposits to relationship-based savings products. Additionally, demand deposit categories increased, partially offset by a decline in certificates of deposit, due to the net runoff of maturing accounts.

Retail Banking continued to focus on a relationship-based lending strategy that targets specific products and markets for growth. The decline in average total loans in the comparison was due to a decline in home equity and commercial loans and runoff of non-strategic portions of the portfolios, as more fully described below.

• Average home equity loans decreased as pay-downs and payoffs on loans exceeded new originated volume, consistent with lower mortgage refinance demand. Retail Banking’s home equity loan portfolio is relationship based, with over 97% of the portfolio attributable to borrowers in our primary geographic footprint. The weighted-average updated FICO scores for this portfolio was 752 at both June 30, 2016 and December 31, 2015.

• Average commercial and commercial real estate loans declined as pay-downs and payoffs on loans exceeded new volume.

• Average automobile loans, comprised of both direct and indirect auto loans, increased primarily due to portfolio growth in previously underpenetrated markets.

• Average credit card balances increased as a result of efforts to increase credit card share of wallet through organic growth.

• In the first six months of 2016, average loan balances for the remainder of the portfolio declined $996 million, or 11%, compared to the same period in 2015, driven by declines in the discontinued government guaranteed education, indirect other, and residential mortgage portfolios, which are primarily runoff portfolios.

Nonperforming assets decreased compared to June 30, 2015 driven by declines in both consumer and commercial nonperforming loans.

The PNC Financial Services Group, Inc. – Form 10-Q    19

Corporate & Institutional Banking

(Unaudited)

Table 19: Corporate & Institutional Banking Table

Six months ended June 30 Dollars in millions, except as noted							Change
	2016			2015			$			%
Income Statement
Net interest income	$	1,724		$	1,726		$	(2	)		–
Noninterest income		967			921			46			5	%
Total revenue		2,691			2,647			44			2	%
Provision for credit losses		176			37			139			376	%
Noninterest expense		1,070			1,061			9			1	%
Pretax earnings		1,445			1,549			(104	)		(7	)%
Income taxes		524			559			(35	)		(6	)%
Earnings	$	921		$	990		$	(69	)		(7	)%
Average Balance Sheet
Loans held for sale	$	754		$	1,048		$	(294	)		(28	)%
Loans
Commercial	$	87,193		$	85,228		$	1,965			2	%
Commercial real estate		26,157			22,319			3,838			17	%
Equipment lease financing		6,856			6,920			(64	)		(1	)%
Total commercial lending		120,206			114,467			5,739			5	%
Consumer		470			1,113			(643	)		(58	)%
Total loans	$	120,676		$	115,580		$	5,096			4	%
Total assets	$	136,913		$	131,711		$	5,202			4	%
Deposits
Noninterest-bearing demand	$	45,588		$	47,449		$	(1,861	)		(4	)%
Money market		21,185			22,002			(817	)		(4	)%
Other		12,137			9,368			2,769			30	%
Total deposits	$	78,910		$	78,819		$	91			–
Performance Ratios
Return on average assets		1.36	%		1.52	%
Noninterest income to total revenue		36	%		35	%
Efficiency		40	%		40	%
Other Information
Commercial loan servicing portfolio (a) (b)	$	459		$	436		$	23			5	%
Consolidated revenue from: (c)
Treasury Management (d)	$	762		$	653		$	109			17	%
Capital Markets (d)	$	387		$	385		$	2			1	%
Commercial mortgage banking activities
Commercial mortgage loans held for sale (e)	$	50		$	73		$	(23	)		(32	)%
Commercial mortgage loan servicing income (f)		132			121			11			9	%
Commercial mortgage servicing rights valuation, net of economic hedge (g)		21			24			(3	)		(13	)%
Total	$	203		$	218		$	(15	)		(7	)%
Average Loans (by C&IB business)
Corporate Banking	$	56,933		$	58,323		$	(1,390	)		(2	)%
Real Estate		35,989			30,248			5,741			19	%
Business Credit		14,769			14,415			354			2	%
Equipment Finance		11,079			10,938			141			1	%
Other		1,906			1,656			250			15	%
Total average loans	$	120,676		$	115,580		$	5,096			4	%
Net carrying amount of commercial mortgage servicing rights (a)	$	448		$	543		$	(95	)		(17	)%
Credit-related statistics:
Nonperforming assets (a) (h)	$	752		$	463		$	289			62	%
Net charge-offs / (recoveries)	$	100		$	(20	)	$	120			600	%

(a) As of June 30.

(b) Represents loans serviced for PNC and others.

20    The PNC Financial Services Group, Inc. – Form 10-Q

(c) Represents consolidated PNC amounts. See the additional revenue discussion regarding treasury management, capital markets-related products and services, and commercial mortgage banking activities in the Product Revenue section of the Corporate & Institutional Banking portion of this Business Segments Review section.

(d) Includes amounts reported in net interest income, corporate service fees and other noninterest income.

(e) Includes other noninterest income for valuations on commercial mortgage loans held for sale and related commitments, derivative valuations, origination fees, gains on sale of loans held for sale and net interest income on loans held for sale.

(f) Includes net interest income and noninterest income (primarily in corporate services fees) from loan servicing net of reduction in commercial mortgage servicing rights due to time decay and payoffs. Commercial mortgage servicing rights valuation, net of economic hedge is shown separately.

(g) Amounts reported in corporate services revenue.

(h) Includes nonperforming loans of $.7 billion at June 30, 2016 and $.4 billion at June 30, 2015.

Corporate & Institutional Banking earned $921 million in the first six months of 2016 compared with earnings of $990 million for the first six months of 2015. The decrease in earnings was primarily due to an increase in the provision for credit losses, partially offset by higher noninterest income. We continue to focus on building client relationships where the risk-return profile is attractive, including in the Southeast.

Net interest income decreased slightly in the comparison, as continued interest rate spread compression on loans and lower purchase accounting accretion were essentially offset by the impact of higher average loans and deposits as well as interest rate spread expansion on deposits.

Higher noninterest income in the comparison was primarily due to an equity investment gain and higher merger and acquisition advisory fees, structuring fees on asset securitizations and loan syndication fees. These increases were partially offset by lower multifamily loans originated for sale to agencies and lower revenue associated with credit valuations for customer-related derivative activities.

Overall credit quality for the first six months of 2016 remained relatively stable, except for deterioration related to certain energy related loans, which was the primary driver for the increases in provision for credit losses, net charge-offs and nonperforming assets in the year over year comparisons. Increased provision for credit losses also reflected the impact of continued loan growth.

Noninterest expense increased nominally in the comparison reflecting disciplined expense management.

Average loans increased in the comparison due to strong growth in Real Estate, partially offset by a decline in Corporate Banking:

• PNC Real Estate provides banking, financing and servicing solutions for commercial real estate clients across the country. Higher average loans for this business was primarily due to growth in commercial lending driven by higher term and REIT lending.

• Corporate Banking provides lending, treasury management and capital markets-related products and services to midsized and large corporations, government and not-for-profit entities. Average loans for this business declined in the comparison, reflecting the impact of ongoing capital and liquidity management activities, partially offset by increased lending to large corporate clients.

• PNC Business Credit provides asset-based lending. The loan portfolio is relatively high yielding, with acceptable risk as the loans are mainly secured by short-term assets. Average loans for this business increased in the comparison due to new originations.

• PNC Equipment Finance provides equipment financing solutions for clients throughout the U.S.

and Canada. Average loans, including commercial loans and finance leases, and operating leases were $11.8 billion in the first six months of 2016, stable with the first six months of 2015.

Average deposits increased slightly compared to the prior year period, as a result of interest-bearing demand deposit growth, mostly offset by decreases in noninterest-bearing demand deposits and money market deposits.

Growth in the commercial loan servicing portfolio was driven by servicing additions from new and existing customers exceeding portfolio run-off.

Product Revenue

In addition to credit and deposit products for commercial customers, Corporate & Institutional Banking offers other services, including treasury management, capital markets-related products and services, and commercial mortgage banking activities, for customers of all business segments. On a consolidated basis, the revenue from these other services is included in net interest income, corporate service fees and other noninterest income. From a segment perspective, the majority of the revenue and expense related to these services is reflected in the Corporate & Institutional Banking segment results and the remainder is reflected in the results of other businesses. The Other Information section in Table 19 in the Corporate & Institutional Banking portion of this Business Segments Review section includes the consolidated revenue to PNC for these services. A discussion of the consolidated revenue from these services follows.

Treasury management revenue, comprised of fees and net interest income from customer deposit balances, increased in the comparison to the prior year period, driven by liquidity-related revenue.

Capital markets-related products and services include foreign exchange, derivatives, securities, loan syndications, mergers and acquisitions advisory and equity capital markets advisory related services. Revenue from capital markets-related products and services increased slightly in the comparison, as higher merger and acquisition advisory fees, structuring fees on asset securitizations and loan syndication fees were mostly offset by lower revenue associated with credit valuations for customer-related derivative activities and lower equity capital markets advisory fees.

Commercial mortgage banking activities include revenue derived from commercial mortgage servicing (including net interest income and noninterest income) and revenue derived from commercial mortgage loans held for sale and related hedges. Total commercial mortgage banking activities decreased in the comparison due to lower multifamily loans originated for sale to agencies, partially offset by higher mortgage servicing revenue.

The PNC Financial Services Group, Inc. – Form 10-Q    21

Asset Management Group

(Unaudited)

Table 20: Asset Management Group Table

Six months ended June 30 Dollars in millions, except as noted							Change
	2016			2015			$			%
Income Statement
Net interest income	$	153		$	144		$	9			6	%
Noninterest income		416			451			(35	)		(8	)%
Total revenue		569			595			(26	)		(4	)%
Provision for credit losses		3			13			(10	)		(77	)%
Noninterest expense		412			425			(13	)		(3	)%
Pretax earnings		154			157			(3	)		(2	)%
Income taxes		57			58			(1	)		(2	)%
Earnings	$	97		$	99		$	(2	)		(2	)%
Average Balance Sheet
Loans
Consumer	$	5,565		$	5,669		$	(104	)		(2	)%
Commercial and commercial real estate		778			938			(160	)		(17	)%
Residential mortgage		1,014			878			136			15	%
Total loans	$	7,357		$	7,485		$	(128	)		(2	)%
Total assets	$	7,822		$	7,974		$	(152	)		(2	)%
Deposits
Noninterest-bearing demand	$	1,400		$	1,344		$	56			4	%
Interest-bearing demand		4,183			4,127			56			1	%
Money market		4,494			4,873			(379	)		(8	)%
Savings		1,783			171			1,612			943	%
Other		276			285			(9	)		(3	)%
Total deposits	$	12,136		$	10,800		$	1,336			12	%
Performance Ratios
Return on average assets		2.50	%		2.50	%
Noninterest income to total revenue		73	%		76	%
Efficiency		72	%		71	%
Other Information
Total nonperforming assets (a) (b)	$	48		$	56		$	(8	)		(14	)%
Total net charge-offs	$	6		$	11		$	(5	)		(45	)%
Client Assets Under Administration (in billions) (a) (c) (d)
Discretionary client assets under management	$	135		$	134		$	1			1	%
Nondiscretionary client assets under administration		126			128			(2	)		(2	)%
Total	$	261		$	262		$	(1	)		–
Discretionary client assets under management
Personal	$	84		$	86		$	(2	)		(2	)%
Institutional		51			48		$	3			6	%
Total	$	135		$	134
Equity	$	72		$	75		$	(3	)		(4	)%
Fixed Income		40			41		$	(1	)		(2	)%
Liquidity/Other		23			18		$	5			28	%
Total	$	135		$	134

(a) As of June 30.

(b) Includes nonperforming loans of $44 million at June 30, 2016 and $53 million at June 30, 2015.

(c) Excludes brokerage account client assets.

(d) As a result of certain investment advisory services performed by one of our registered investment advisors, certain assets are reported as both discretionary client assets under management and nondiscretionary client assets under administration. The amount of such assets was approximately $9 billion at June 30, 2016 and $5 billion at June 30, 2015.

22    The PNC Financial Services Group, Inc. – Form 10-Q

Asset Management Group earned $97 million through the first six months of 2016 compared with earnings of $99 million for the first six months of 2015. Earnings for the first six months of 2016 decreased compared with the first six months of 2015 due to lower revenue, partially offset by lower noninterest expense and provision for credit losses.

Total revenue declined in the comparison due to lower noninterest income reflecting a $30 million trust settlement in the second quarter of 2015 and lower average equity markets, partially offset by higher net interest income.

Noninterest expense declined primarily attributable to lower personnel expense. Asset Management Group remains focused on disciplined expense management as it invests in strategic growth opportunities.

The core growth strategies of the business include increasing sales sourced from other PNC lines of business, maximizing front line productivity and optimizing market presence in high opportunity markets. Wealth Management and Hawthorn have nearly 100 offices operating in 7 of the 10 most affluent states in the U.S. with a majority co-located with retail banking branches. The strategies primarily focus on growing client assets under management through expanding relationships directly and through cross-selling from PNC’s other lines of business.

Institutional Asset Management provides advisory, custody, and retirement administration services to institutional clients primarily within our banking footprint. The business also offers PNC proprietary mutual funds. Institutional Asset Management is strengthening its partnership with Corporate & Institutional Banking to drive growth and is focused on building retirement capabilities and expanding product solutions for all customers.

Discretionary client assets under management increased in the comparison to the prior year, primarily attributable to equity market increases as of June 30, 2016 compared to the prior year and new business activities.

The PNC Financial Services Group, Inc. – Form 10-Q    23

Residential Mortgage Banking

(Unaudited)

Table 21: Residential Mortgage Banking Table

Six months ended June 30							Change
Dollars in millions, except as noted	2016			2015			$			%
Income Statement
Net interest income	$	53		$	60		$	(7	)		(12	)%
Noninterest income		287			353			(66	)		(19	)%
Total revenue		340			413			(73	)		(18	)%
Provision for credit losses		–			–			–			–
Noninterest expense		288			339			(51	)		(15	)%
Pretax earnings		52			74			(22	)		(30	)%
Income taxes		19			27			(8	)		(30	)%
Earnings	$	33		$	47		$	(14	)		(30	)%
Average Balance Sheet
Loans held for sale	$	821		$	1,127		$	(306	)		(27	)%
Loans	$	995		$	1,223		$	(228	)		(19	)%
Mortgage servicing rights (MSR)	$	949		$	896		$	53			6	%
Total assets	$	6,037		$	7,190		$	(1,153	)		(16	)%
Total deposits	$	2,553		$	2,357		$	196			8	%
Performance Ratios
Return on average assets		1.10	%		1.32	%
Noninterest income to total revenue		84	%		85	%
Efficiency		85	%		82	%
Supplemental Noninterest Income Information
Loan servicing revenue
Servicing fees	$	118		$	94		$	24			26	%
Mortgage servicing rights valuation, net of economic hedge (a)	$	9		$	58		$	(49	)		(84	)%
Loan sales revenue	$	159		$	203		$	(44	)		(22	)%
Residential Mortgage Servicing Portfolio (in billions) (b)
Serviced portfolio balance (c)	$	126		$	115		$	11			10	%
Portfolio acquisitions	$	11		$	14		$	(3	)		(21	)%
MSR asset value (c)	$	.8		$	1.0		$	(.2	)		(20	)%
MSR capitalization value (in basis points) (c)		61			88			(27	)		(30	)%
Other Information
Loan origination volume (in billions)	$	4.5		$	5.5		$	(1.0	)		(18	)%
Loan sale margin percentage		3.33	%		3.74	%
Percentage of originations represented by:
Purchase volume (d)		44	%		41	%
Refinance volume		56	%		59	%
Total nonperforming assets (c) (e)	$	65		$	88		$	(23	)		(26	)%

(a) Consolidated PNC amounts, which include asset and liability management activities reported in the “Other” business segment, were $27 million and $68 million for the six months ended June 30, 2016 and 2015, respectively.

(b) Represents loans serviced for third parties.

(c) As of June 30.

(d) Mortgages with borrowers as part of residential real estate purchase transactions.

(e) Includes nonperforming loans of $36 million at June 30, 2016 and $55 million at June 30, 2015.

24    The PNC Financial Services Group, Inc. – Form 10-Q

Residential Mortgage Banking earned $33 million in the first six months of 2016 compared with earnings of $47 million for the first six months of 2015, primarily driven by a decline in noninterest income, partially offset by lower noninterest expense.

The strategic focus of the business is the acquisition of new customers through a retail loan officer sales force with an emphasis on home purchase transactions. Our strategy involves competing on the basis of superior service to new and existing customers in serving their home purchase and refinancing needs. A key consideration in pursuing this approach is the cross-sell opportunity, especially in the bank footprint markets.

Residential Mortgage Banking overview:

• Total loan originations decreased $1 billion in the first six months of 2016 compared to the same period in 2015. Loans continue to be originated primarily through direct channels under Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC) and Federal Housing Administration (FHA)/Department of Veterans Affairs agency guidelines.

• Lower net interest income was primarily due to lower originations and lower balances of portfolio loans held for investment.

• Noninterest income declined in the comparison as increased servicing fee income was more than offset by lower residential mortgage servicing rights valuation, net of economic hedge, and decreased loan sales revenue.

• Noninterest expense declined primarily as a result of lower residential mortgage foreclosure-related expenses, including reserve releases of $24 million, as well as lower legal accruals and servicing costs.

BlackRock

(Unaudited)

Table 22: BlackRock Table

Information related to our equity investment in BlackRock follows:

Six months ended June 30 Dollars in millions	2016			2015
Business segment earnings (a)	$	246		$	269
PNC’s economic interest in BlackRock (b)		22	%		22	%

(a) Includes PNC’s share of BlackRock’s reported GAAP earnings and additional income taxes on those earnings incurred by PNC.

(b) At June 30.

In billions	June 30 2016		December 31 2015
Carrying value of PNC’s investment in BlackRock (c)	$	6.8	$6.7
Market value of PNC’s investment in BlackRock (d)		12.1	12.0

(c) PNC accounts for its investment in BlackRock under the equity method of accounting, exclusive of a related deferred tax liability of $2.2 billion at both June 30, 2016 and December 31, 2015. Our voting interest in BlackRock common stock was approximately 21% at June 30, 2016.

(d) Does not include liquidity discount.

In addition to our investment in BlackRock reflected in Table 22, at June 30, 2016, we held approximately 0.8 million shares of BlackRock Series C Preferred Stock valued at $209 million, which are available to fund our obligation in connection with certain BlackRock long-term incentive plan (LTIP) programs. We account for the BlackRock Series C Preferred Stock at fair value, which offsets the impact of marking-to-market the obligation to deliver these shares to BlackRock. The fair value amount of the BlackRock Series C Preferred Stock is included on our Consolidated Balance Sheet in the caption Other assets. Additional information regarding the valuation of the BlackRock Series C Preferred Stock is included in Note 6 Fair Value in the Notes To Consolidated Financial Statements in Part I, Item 1 of this Report and in Note 7 Fair Value in the Notes To Consolidated Financial Statements in Item 8 of our 2015 Form 10-K.

Our 2015 Form 10-K includes additional information about our investment in BlackRock.

The PNC Financial Services Group, Inc. – Form 10-Q    25

Non-Strategic Assets Portfolio

(Unaudited)

Table 23: Non-Strategic Assets Portfolio Table

Six months ended June 30							Change
Dollars in millions	2016			2015			$			%
Income Statement
Net interest income	$	148		$	212		$	(64	)		(30	)%
Noninterest income		27			18			9			50	%
Total revenue		175			230			(55	)		(24	)%
Provision for credit losses (benefit)		6			(36	)		42			117	%
Noninterest expense		41			50			(9	)		(18	)%
Pretax earnings		128			216			(88	)		(41	)%
Income taxes		47			79			(32	)		(41	)%
Earnings	$	81		$	137		$	(56	)		(41	)%
Average Balance Sheet
Loans
Commercial Lending	$	704		$	746		$	(42	)		(6	)%
Consumer Lending
Home equity		2,081			2,937			(856	)		(29	)%
Residential real estate		3,189			4,103			(914	)		(22	)%
Total consumer lending		5,270			7,040			(1,770	)		(25	)%
Total loans		5,974			7,786			(1,812	)		(23	)%
Other assets (a)		(297	)		(692	)		395			57	%
Total assets	$	5,677		$	7,094		$	(1,417	)		(20	)%
Performance Ratios
Return on average assets		2.88	%		3.89	%
Noninterest income to total revenue		15	%		8	%
Efficiency		23	%		22	%
Other Information
Nonperforming assets (b) (c)	$	460		$	616		$	(156	)		(25	)%
Purchased impaired loans (b) (d)	$	2,628		$	3,663		$	(1,035	)		(28	)%
Net charge-offs / (recoveries)	$	6		$	(7	)	$	13			186	%
Loans (b)
Commercial Lending	$	696		$	738		$	(42	)		(6	)%
Consumer Lending
Home equity		1,952			2,765			(813	)		(29	)%
Residential real estate		3,062			3,941			(879	)		(22	)%
Total consumer lending		5,014			6,706			(1,692	)		(25	)%
Total loans	$	5,710		$	7,444		$	(1,734	)		(23	)%

(a) Other assets includes deferred taxes, ALLL and other real estate owned (OREO). Other assets were negative in both periods due to the ALLL.

(b) As of June 30.

(c) Includes nonperforming loans of $.4 billion at June 30, 2016 and $.5 billion at June 30, 2015.

(d) Recorded investment of purchased impaired loans related to acquisitions. This segment contained 81% of PNC’s purchased impaired loans at June 30, 2016 and 82% at June 30, 2015.

This business segment consists of non-strategic assets primarily obtained through acquisitions of other companies. The business activity of this segment is to manage the liquidation of the portfolios while maximizing the value and mitigating risk.

Non-Strategic Assets Portfolio had earnings of $81 million in the first six months of 2016 compared with $137 million in the first six months of 2015. Earnings decreased primarily due to a declining loan portfolio and a provision for credit losses in the current period compared to a benefit in the prior year period.

26    The PNC Financial Services Group, Inc. – Form 10-Q

Non-Strategic Assets Portfolio overview:

• Lower net interest income resulted from lower purchase accounting accretion and the impact of the declining average balance of the loan portfolio.

• Noninterest income increased in the comparison, driven by a release of excess reserves for estimated losses on repurchase obligations in the first quarter 2016 related to a settlement.

• The change in provision for credit losses (benefit) was driven by higher commercial recoveries and a release of reserves in 2015.

• Noninterest expense declined due to lower costs of managing and servicing the loan portfolios as the portfolio balance continues to decline.

• Average portfolio loans declined in the comparison due to customer payment activity and portfolio management activities to reduce under-performing assets. The decrease also reflects the impact of our change in derecognition policy effective December 31, 2015 for certain purchase impaired loans.

CRITICAL ACCOUNTING ESTIMATES AND JUDGMENTS

Note 1 Accounting Policies in Item 8 of our 2015 Form 10-K and in the Notes To Consolidated Financial Statements included in Part I, Item 1 of this Report describe the most significant accounting policies that we use to prepare our consolidated financial statements. Certain of these policies require us to make estimates or economic assumptions that may vary under different assumptions or conditions and such variations may significantly affect our reported results and financial position for the period or in future periods.

The following critical accounting policies and judgments are described in more detail in Critical Accounting Estimates and Judgments in Item 7 of our 2015 Form 10-K:

• Fair Value Measurements

• Allowances for Loan and Lease Losses and Unfunded Loan Commitments and Letters of Credit

• Estimated Cash Flows on Purchased Impaired Loans

• Goodwill

• Lease Residuals

• Revenue Recognition

• Residential and Commercial Mortgage Servicing Rights

• Income Taxes

We provide additional information about many of these items in the Notes To Consolidated Financial Statements included in Part I, Item l of this Report.

Recently Issued Accounting Standards

Revenue Recognition

In May 2014, the Financial Accounting Standard Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic

606). This ASU clarifies the principles for recognizing revenue and replaces nearly all existing revenue recognition guidance in U.S. GAAP with one accounting model. The core principle of the guidance is that an entity should recognize revenue to depict the satisfaction of a performance obligation by transfer of promised goods or services to customers. The ASU also requires additional qualitative and quantitative disclosures relating to the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers.

In August 2015, the FASB issued guidance deferring the mandatory effective date of ASU 2014-09 for one year, to annual reporting periods beginning after December 15, 2017. During 2016, the FASB has also issued three separate ASUs which amend the original standard to clarify guidance regarding principal versus agent considerations, identifying performance obligations and licensing, and certain narrow-scope amendments which address the presentation of sales tax, noncash consideration, contract modifications at transition and assessing collectability.

The requirements within ASU 2014-09 and its subsequent amendments should be applied retrospectively to each prior period presented (with several practical expedients for certain completed contracts) or retrospectively with the cumulative effect of initially applying ASU 2014-09 recognized at the date of initial application. We plan to adopt the ASU consistent with the deferred mandatory effective date. Based on our evaluation to date, we do not expect the adoption of this standard to have a significant impact on our consolidated results of operations or our consolidated financial position.

Financial Instruments

In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. This ASU changes the accounting for certain equity investments, financial liabilities under the fair value option and presentation and disclosure requirements for financial instruments. Equity investments not accounted for under the equity method of accounting will be measured at fair value with any changes in fair value recognized in net income. The ASU also simplifies the impairment assessment of equity investments for which fair value is not readily determinable. Additionally, the ASU changes the presentation of certain fair value changes for financial liabilities measured at fair value; and amends certain disclosure requirements relating to the fair value of financial instruments. The ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017 and should be applied using a modified retrospective approach through a cumulative-effect adjustment to the balance sheet, except for the amendment related to equity securities without readily determinable fair values, which should be applied prospectively. We plan to adopt all provisions consistent with the effective date and are currently evaluating the impact of this ASU on our results of operations and financial position.

The PNC Financial Services Group, Inc. – Form 10-Q    27

Leases

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The primary change in the new guidance is the recognition of lease assets and lease liabilities by lessees for operating leases. The ASU requires lessees to recognize a right-of-use asset and related lease liability for all leases with lease terms of more than 12 months. The recognition, measurement and presentation of expenses and cash flows arising from a lease by a lessee will depend on its classification as a finance or operating lease. The ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018 using a modified retrospective approach through a cumulative-effect adjustment. Early adoption is permitted. We are currently evaluating the impact of adopting this standard.

Credit Losses

In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The ASU requires the use of an expected credit loss methodology; specifically, expected credit losses for the remaining life of the asset will be recognized at the time of origination or acquisition. The expected credit loss methodology will apply to loans, debt securities, and other financial assets and net investment in leases not accounted for at fair value through net income. It will also apply to off-balance sheet credit exposures except for unconditionally cancellable commitments. Assets in the scope of the ASU, except for purchased credit deteriorated assets, will be presented at the net amount expected to be collected after deducting the allowance for credit losses from the amortized cost basis of the assets.

Enhanced credit quality disclosures will be required including disaggregation of credit quality indicators by vintage. The development of an expected credit loss methodology and new disclosures will require significant data collection, loss model upgrades, and process re-development prior to adoption. The ASU is effective for public business entities that are SEC filers for annual periods, and interim periods within those annual periods, beginning after December 15, 2019 using a modified retrospective approach through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. Early adoption is permitted for fiscal years beginning after December 15, 2018. We are currently evaluating the impact of adopting this standard.

Recently Adopted Accounting Standards

See Note 1 Accounting Policies in the Notes To Consolidated Financial Statements included in Part I, Item I of this Report regarding the impact of new accounting pronouncements adopted in 2016.

RECOURSE AND REPURCHASE OBLIGATIONS

As discussed in Note 2 Loan Sale and Servicing Activities and Variable Interest Entities in the Notes To Consolidated

Financial Statements in our 2015 Form 10-K, PNC has sold commercial mortgage, residential mortgage and home equity loans/lines of credit directly or indirectly through securitization and loan sale transactions in which we have continuing involvement. One form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets. For additional discussion regarding our recourse and repurchase obligations, see the Recourse and Repurchase Obligations section in Item 7 of our 2015 Form 10-K.

RISK MANAGEMENT

The Risk Management section included in Item 7 of our 2015 Form 10-K describes our enterprise risk management framework including risk appetite and strategy, risk culture, risk organization and governance, risk identification and quantification, risk control and limits, and risk monitoring and reporting. Additionally, our 2015 Form 10-K provides an analysis of our key areas of risk, which include but are not limited to credit, operational, compliance, model, liquidity and market. Our use of financial derivatives as part of our overall asset and liability risk management process is also addressed within the Risk Management section.

The following information updates our 2015 Form 10-K risk management disclosures.

Credit Risk Management

See the Credit Risk Management portion of the Risk Management section in our 2015 Form 10-K for additional discussion regarding credit risk.

Asset Quality Overview

Asset quality trends remained relatively stable during the first six months of 2016, except for certain energy related loans.

• Provision for credit losses for the second quarter of 2016 increased to $127 million compared to $46 million for the second quarter of 2015. For the six months ended June 30, 2016, provision for credit losses increased to $279 million compared with $100 million for the six months ended June 30, 2015. During the first six months of 2016, provision included $128 million related to energy loans in the oil, gas, and coal sectors, of which $48 million was included in the second quarter.

• Nonperforming assets at June 30, 2016 increased $90 million compared with December 31, 2015 due to higher nonperforming commercial loans driven by energy related loans, partially offset by declining home equity and residential real estate nonperforming loans, and lower OREO and foreclosed assets. Nonperforming assets were 0.70% of total assets at June 30, 2016 compared with 0.68% at December 31, 2015.

28    The PNC Financial Services Group, Inc. – Form 10-Q

• Overall loan delinquencies totaled $1.5 billion at June 30, 2016, a decrease of $179 million, or 11%, from year-end 2015. The reduction was due in large part to a decrease in accruing government insured consumer lending past due loans of $129 million.

• Net charge-offs for the second quarter of 2016 increased to $134 million compared to $67 million for the second quarter of 2015. For the six months ended June 30, 2016, net charge-offs increased to $283 million compared with $170 million for the six months ended June 30, 2015. Increases were driven by higher commercial loan net charge-offs.

• The level of ALLL remained at $2.7 billion at both June 30, 2016 and December 31, 2015.

Nonperforming Assets and Loan Delinquencies

Nonperforming Assets, including OREO and Foreclosed Assets

Nonperforming assets include nonperforming loans and leases for which ultimate collectability of the full amount of contractual principal and interest is not probable and include nonperforming troubled debt restructurings (TDRs), OREO and foreclosed assets. Loans held for sale, certain government insured or guaranteed loans, purchased impaired loans and loans accounted for under the fair value option are excluded from nonperforming loans. Additional information regarding our nonperforming loans and nonaccrual policies is included in Note 1 Accounting Policies in the Notes To Consolidated Financial Statements in our 2015 Form 10-K. A summary of the major categories of nonperforming assets are presented in Table 24. See Note 3 Asset Quality in the Notes To Consolidated Financial Statements in this Report for further detail of nonperforming asset categories.

Table 24: Nonperforming Assets By Type

Dollars in millions	June 30 2016			December 31 2015			Change
							$			%
Nonperforming loans
Commercial lending	$	768		$	545		$	223			41	%
Consumer lending (a)		1,496			1,581			(85	)		(5	)%
Total nonperforming loans (b) (c)		2,264			2,126			138			6	%
OREO and foreclosed assets		251			299			(48	)		(16	)%
Total nonperforming assets	$	2,515		$	2,425		$	90			4	%
Amount of TDRs included in nonperforming loans	$	1,240		$	1,119		$	121			11	%
Percentage of total nonperforming loans		55	%		53	%
Nonperforming loans to total loans		1.08	%		1.03	%
Nonperforming assets to total loans, OREO and foreclosed assets		1.20	%		1.17	%
Nonperforming assets to total assets		.70	%		.68	%
Allowance for loan and lease losses to total nonperforming loans		119	%		128	%

(a) Excludes most consumer loans and lines of credit, not secured by residential real estate, which are charged off after 120 to 180 days past due and are not placed on nonperforming status.

(b) Nonperforming loans exclude certain government insured or guaranteed loans, loans held for sale, loans accounted for under the fair value option and purchased impaired loans.

(c) The recorded investment of loans collateralized by residential real estate property that are in process of foreclosure was $.4 billion and $.6 billion at June 30, 2016 and December 31, 2015, respectively. Both periods included $.3 billion of loans that are government insured/guaranteed.

Table 25: Change in Nonperforming Assets

In millions	2016			2015
January 1	$	2,425		$	2,880
New nonperforming assets		947			708
Charge-offs and valuation adjustments		(319	)		(253	)
Principal activity, including paydowns and payoffs		(247	)		(377	)
Asset sales and transfers to loans held for sale		(166	)		(190	)
Returned to performing status		(125	)		(190	)
June 30	$	2,515		$	2,578

As of June 30, 2016, approximately 84% of total nonperforming loans were secured by collateral which lessens reserve requirements and is expected to reduce credit losses in the event of default. As of June 30, 2016, commercial lending

nonperforming loans were carried at approximately 66% of their unpaid principal balance, due to charge-offs recorded to date, before consideration of the ALLL. See Note 3 Asset Quality in the Notes To Consolidated Financial Statements in Part I, Item 1 of this Report for additional information on these loans.

Within consumer nonperforming loans, residential real estate TDRs comprise 71% of total residential real estate nonperforming loans at June 30, 2016, up from 68% at December 31, 2015. Home equity TDRs comprise 52% of home equity nonperforming loans at June 30, 2016, up from 51% at December 31, 2015. TDRs generally remain in nonperforming status until a borrower has made at least six consecutive months of both principal and interest payments under the modified terms or ultimate resolution occurs. Loans where borrowers have been discharged from personal liability

The PNC Financial Services Group, Inc. – Form 10-Q    29

through Chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to PNC and loans to borrowers not currently obligated to make both principal and interest payments under the restructured terms are not returned to accrual status.

At June 30, 2016, our largest nonperforming asset was $41 million in the Real Estate, Rental and Leasing Industry and our average nonperforming loan associated with commercial lending was less than $1 million. The ten largest outstanding nonperforming assets are from the commercial lending portfolio and represent 41% and 13% of total commercial lending nonperforming loans and total nonperforming assets, respectively, as of June 30, 2016.

Table 26: OREO and Foreclosed Assets

	June 30 2016		December 31 2015	Change
In millions				$			%
Other real estate owned (OREO):
Residential properties	$	125	$146	$	(21	)		(14	)%
Residential development properties		24	31		(7	)		(23	)%
Commercial properties		90	102		(12	)		(12	)%
Total OREO		239	279		(40	)		(14	)%
Foreclosed and other assets		12	20		(8	)		(40	)%
Total OREO and foreclosed assets	$	251	$299	$	(48	)		(16	)%

Total OREO and foreclosed assets were 10% of total nonperforming assets at June 30, 2016, compared to 12% at December 31, 2015. As of both June 30, 2016 and December 31, 2015, 59% of our OREO and foreclosed assets were comprised of residential related properties.

Loan Delinquencies

We regularly monitor the level of loan delinquencies and believe these levels may be a key indicator of loan portfolio asset quality. Measurement of delinquency status is based on the contractual terms of each loan. Loans that are 30 days or more past due in terms of payment are considered delinquent. Loan delinquencies exclude loans held for sale and purchased impaired loans, but include government insured or guaranteed loans and loans accounted for under the fair value option.

Table 27: Accruing Loans Past Due (a)

	Amount									Percentage of  Total Loans Outstanding
	June 30 2016		December 31 2015	Change						June 30 2016	December 31 2015
Dollars in millions				$			%
Early stage loan delinquencies
Accruing loans past due 30 to 59 days	$	464	$   511	$	(47	)		(9	)%	.22%	.25%
Accruing loans past due 60 to 89 days		243	248		(5	)		(2	)%	.12%	.12%
Total		707	759		(52	)		(7	)%	.34%	.37%
Late stage loan delinquencies
Accruing loans past due 90 days or more		754	881		(127	)		(14	)%	.36%	.43%
Total	$	1,461	$1,640	$	(179	)		(11	)%	.70%	.80%

(a) Past due loan amounts at June 30, 2016 include government insured or guaranteed loans of $.2 billion, $.1 billion, and $.7 billion for accruing loans past due 30 to 59 days, past due 60 to 89 days, and past due 90 days or more, respectively. The comparative amounts as of December 31, 2015 were $.2 billion, $.1 billion, and $.8 billion, respectively.

Total early stage loan delinquencies (accruing loans past due 30 to 89 days) decreased at June 30, 2016 compared to December 31, 2015 due primarily to reductions in consumer early stage delinquencies.

Accruing loans past due 90 days or more decreased at June 30, 2016 compared to December 31, 2015 driven by declines in government insured consumer lending loans. These loans are not included in nonperforming loans and continue to accrue interest because they are well secured by collateral and are in the process of collection, or are managed in homogenous portfolios with specified charge-off timeframes adhering to regulatory guidelines, or are certain government insured or guaranteed loans.

On a regular basis our Special Asset Committee closely monitors loans, primarily commercial loans, that are not included in the nonperforming or accruing past due categories and for which we are uncertain about the borrower’s ability to comply with existing repayment terms. These loans totaled $.2 billion and $.1 billion at June 30, 2016 and December 31, 2015, respectively.

See Note 1 Accounting Policies in our 2015 Form 10-K and Note 3 Asset Quality in the Notes To Consolidated Financial Statements in Part I, Item 1 of this Report for additional information regarding our nonperforming loan and nonaccrual policies and further information on loan delinquencies.

30    The PNC Financial Services Group, Inc. – Form 10-Q

Home Equity Loan Portfolio

Our home equity loan portfolio totaled $30.9 billion as of June 30, 2016, or 15% of the total loan portfolio. Of that total, $18.2 billion, or 59%, were outstanding under primarily variable-rate home equity lines of credit and $12.7 billion, or 41%, consisted of closed-end home equity installment loans. Approximately 4% of the home equity portfolio was purchased impaired and 3% of the home equity portfolio was on nonperforming status as of June 30, 2016.

As of June 30, 2016, we were in an originated first lien position for approximately 54% of the total outstanding portfolio and, where originated as a second lien, we held or serviced the first lien position for an additional 2% of the portfolio. The remaining 44% of the portfolio was secured by second liens where we do not hold the first lien position. The credit performance of the majority of the home equity portfolio where we are in, hold or service the first lien position, is superior to the portion of the portfolio where we hold the second lien position but do not hold the first lien.

Generally, our variable-rate home equity lines of credit have either a seven or ten year draw period, followed by a 20-year amortization term. During the draw period, we have home equity lines of credit where borrowers pay either interest or principal and interest. We view home equity lines of credit where borrowers are paying principal and interest under the draw period as less risky than those where the borrowers are paying interest only, as these borrowers have a demonstrated ability to make some level of principal and interest payments. The risk associated with the borrower’s ability to satisfy the loan terms upon the draw period ending is considered in establishing our ALLL. Based upon outstanding balances at June 30, 2016, the following table presents the periods when home equity lines of credit draw periods are scheduled to end.

Table 28: Home Equity Lines of Credit – Draw Period End Dates

In millions	Interest Only Product		Principal and Interest  Product
Remainder of 2016	$	476	$   156
2017		1,927	500
2018		863	689
2019		601	531
2020		480	478
2021 and thereafter		2,876	5,767
Total (a) (b)	$	7,223	$8,121

(a) Includes all home equity lines of credit that mature in the remainder 2016 or later, including those with borrowers where we have terminated borrowing privileges.

(b) Includes home equity lines of credit with balloon payments, including those where we have terminated borrowing privileges of $18 million, $42 million, $31 million, $23 million, $75 million and $436 million with draw periods scheduled to end in the remainder of 2016, 2017, 2018, 2019, 2020 and 2021 and thereafter, respectively.

Based upon outstanding balances, and excluding purchased impaired loans, at June 30, 2016, for home equity lines of credit for which the borrower can no longer draw (e.g., draw

period has ended or borrowing privileges have been terminated), approximately 3% were 30-89 days past due and approximately 5% were 90 days or more past due, which are accounted for as nonperforming. Generally, when a borrower becomes 60 days past due, we terminate borrowing privileges and those privileges are not subsequently reinstated. At that point, we continue our collection/recovery processes, which may include loan modification resulting in a loan that is classified as a TDR.

See the Credit Risk Management portion of the Risk Management section in our 2015 Form 10-K for more information on our home equity loan portfolio. See also Note 3 Asset Quality in the Notes To Consolidated Financial Statements in Part I, Item 1 of this Report.

Auto Loan Portfolio 

The auto loan portfolio totaled $11.4 billion as of June 30, 2016, or 5% of our total loan portfolio. Of that total, $9.9 billion resides in the indirect auto portfolio, $1.1 billion in the direct auto portfolio, and $.4 billion in acquired or securitized portfolios, which has been declining as no pools have been recently acquired. The indirect auto portfolio is the largest segment and generates auto loan applications from franchised automobile dealers. This business is strategically aligned with our core retail business.

We have elected not to pursue non-prime auto lending as evidenced by an average new loan origination FICO score over the last twelve months of 759 for indirect auto loans and 773 for direct auto loans. As of June 30, 2016, 0.3% of the portfolio was nonperforming and 0.4% of our auto loan portfolio was accruing past due. We offer both new and used automobile financing to customers through our various channels. The portfolio comprised 59% new vehicle loans and 41% used vehicle loans at June 30, 2016.

The auto loan portfolio’s performance is measured monthly, including updated collateral values that are obtained monthly and updated FICO scores that are obtained at least quarterly. For internal reporting and risk management, we analyze the portfolio by product channel and product type, and regularly evaluate default and delinquency experience. As part of our overall risk analysis and monitoring, we segment the portfolio by loan structure, collateral attributes, and credit metrics which include FICO score, loan-to-value and term.

Energy Related Loan Portfolio 

Our portfolio of loans outstanding in the oil and gas industry totaled $2.7 billion as of June 30, 2016, or 1% of our total loan portfolio and 2% of our total commercial lending portfolio. This portfolio comprised approximately $1.1 billion in the midstream and downstream sectors, $.9 billion to oil services companies and $.7 billion to upstream sectors. Of the oil services portfolio, approximately $.2 billion is not asset-based or investment grade. Nonperforming loans in the oil and gas sector as of June 30, 2016 totaled $187 million, or 7% of total nonperforming assets.

The PNC Financial Services Group, Inc. – Form 10-Q    31

Our portfolio of loans outstanding in the coal industry totaled $.5 billion as of June 30, 2016, or less than 1% of both our total loan portfolio and our total commercial lending portfolio. Nonperforming loans in the coal industry as of June 30, 2016 totaled $106 million, or 4% of total nonperforming assets.

Our ALLL at June 30, 2016 included the impact of our lending exposure to energy companies. Higher reserves for oil, gas and coal exposure drove the overall increase in the provision for credit losses. For the first six months of 2016, $128 million, or 46%, of the provision was related to these sectors. For the second quarter of 2016, these amounts were $48 million and 38%, respectively. Net charge-offs related to energy loans totaled $72 million for the six months ended June 30, 2016, or 25% of total net-charge-offs. For the second quarter of 2016, these amounts were $47 million and 35%, respectively.

Loan Modifications and Troubled Debt Restructurings

Consumer Loan Modifications

We modify loans under government and PNC-developed programs based upon our commitment to help eligible homeowners and borrowers avoid foreclosure, where appropriate. Initially, a borrower is evaluated for a modification under a government program. If a borrower does not qualify under a government program, the borrower is then evaluated under a PNC program. Our programs utilize both temporary and permanent modifications and typically reduce the interest rate, extend the term and/or defer principal. Loans that are either temporarily or permanently modified under programs involving a change to loan terms are generally classified as TDRs. Further, loans that have certain types of payment plans and trial payment arrangements which do not include a contractual change to loan terms may be classified as TDRs. Additional detail on TDRs is discussed below as well as in Note 3 Asset Quality in our 2015 Form 10-K.

A temporary modification, with a term between 3 and 24 months, involves a change in original loan terms for a period of time and reverts to a calculated exit rate for the remaining term of the loan as of a specific date. A permanent modification, with a term greater than 24 months, is a modification in which the terms of the original loan are changed. Permanent modification programs, including both government-created Home Affordable Modification Program (HAMP) and PNC-developed modification programs, generally result in principal forgiveness, interest rate reduction, term extension, capitalization of past due amounts, interest only period or deferral of principal.

We also monitor the success rates and delinquency status of our loan modification programs to assess their effectiveness in serving our borrowers’ and servicing customers’ needs while mitigating credit losses. Table 29 provides the number of accounts and unpaid principal balance of modified consumer real estate related loans at the end of each year presented.

Table 29: Consumer Real Estate Related Loan Modifications

	June 30, 2016			December 31, 2015
Dollars in millions	Number of Accounts		Unpaid Principal Balance	Number of Accounts	Unpaid Principal Balance
Temporary modifications (a)		3,893	$   293	4,469	$   337
Permanent modifications
Home equity		15,467	1,104	15,268	1,088
Residential real estate		8,398	1,626	8,787	1,721
Total permanent modifications		23,865	2,730	24,055	2,809
Total consumer real estate related loan modifications		27,758	$3,023	28,524	$3,146

(a) All temporary modifications are home equity loans.

In addition to temporary loan modifications, we may make a payment plan or a HAMP trial payment period available to a borrower. Under a payment plan or a HAMP trial payment period, there is no change to the loan’s contractual terms so the borrower remains legally responsible for payment of the loan under its original terms.

Payment plans may include extensions, re-ages and/or forbearance plans. All payment plans bring an account current once certain requirements are achieved and are primarily intended to demonstrate a borrower’s renewed willingness and ability to re-pay. Due to the short term nature of the payment plan, there is a minimal impact to the ALLL.

Under a HAMP trial payment period, we establish an alternate payment, generally at an amount less than the contractual payment amount, for the borrower during this short time period. This allows a borrower to demonstrate successful payment performance before permanently restructuring the loan into a HAMP modification. Subsequent to successful borrower performance under the trial payment period, we will capitalize the original contractual amount past due, to include accrued interest and fees receivable, and restructure the loan’s contractual terms, along with bringing the restructured account current. As the borrower is often already delinquent at the time of participation in the HAMP trial payment period, generally enrollment in the program does not significantly increase the ALLL. If the trial payment period is unsuccessful, the loan will be evaluated for further action based upon our existing policies. After December 31, 2016, the government-created HAMP program will expire. As such, no new modifications will be offered under the program after that date.

Commercial Loan Modifications and Payment Plans

Modifications of terms for commercial loans are based on individual facts and circumstances. Commercial loan modifications may involve reduction of the interest rate, extension of the loan term and/or forgiveness of principal.

32    The PNC Financial Services Group, Inc. – Form 10-Q

Modified commercial loans are usually already nonperforming prior to modification. We evaluate these modifications for TDR classification based upon whether we granted a concession to a borrower experiencing financial difficulties. Additional detail on TDRs is discussed below as well as in Note 3 Asset Quality in our 2015 Form 10-K.

We have established certain commercial loan modification and payment programs for small business loans, Small Business Administration loans, and investment real estate loans. As of June 30, 2016 and December 31, 2015, the loan balances covered under these modification and payment plan programs, including those determined to be TDRs, were not significant.

Troubled Debt Restructurings

A TDR is a loan whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulties. TDRs result from our loss mitigation activities and include rate reductions, principal forgiveness, postponement/reduction of scheduled amortization and extensions, which are intended to minimize economic loss and to avoid foreclosure or repossession of collateral.

Additionally, TDRs also result from court imposed concessions (e.g. a Chapter 7 bankruptcy that is discharged from personal liability to PNC and a court approved Chapter 13 bankruptcy repayment plan).

TDRs totaled $2.4 billion at June 30, 2016, an increase of $97 million, or 4%, during the first six months of 2016. Excluded from TDRs are $1.1 billion and $1.2 billion of consumer loans held for sale, loans accounted for under the fair value option and pooled purchased impaired loans, as well as certain government insured or guaranteed loans at June 30, 2016 and December 31, 2015, respectively. Nonperforming TDRs represent approximately 55% and 53% of total nonperforming loans, and 51% and 48% of total TDRs at June 30, 2016 and December 31, 2015, respectively. The remaining portion of TDRs represents TDRs that have been returned to accrual accounting after performing under the restructured terms for at least six consecutive months.

See Note 1 Accounting Policies in our 2015 Form 10-K and Note 3 Asset Quality in Part I, Item 1 of this report for additional information on loan modifications and TDRs.

Allowances for Loan and Lease Losses and Unfunded Loan Commitments and Letters of Credit

Table 30: Loan Charge-Offs And Recoveries

Six months ended June 30 Dollars in millions	Gross Charge-offs		Recoveries		Net Charge-offs / (Recoveries)			Percent of Average Loans (annualized)
2016
Commercial	$	164	$	61	$	103			.21	%
Commercial real estate		20		25		(5	)		(.04	)%
Equipment lease financing		3		2		1			.03	%
Home equity		76		38		38			.24	%
Residential real estate		8		5		3			.04	%
Credit card		83		9		74			3.12	%
Other consumer		95		26		69			.64	%
Total	$	449	$	166	$	283			.27	%
2015
Commercial	$	82	$	97	$	(15	)		(.03	)%
Commercial real estate		25		35		(10	)		(.08	)%
Equipment lease financing		1		2		(1	)		(.03	)%
Home equity		102		44		58			.34	%
Residential real estate		6		6
Credit card		84		11		73			3.30	%
Other consumer		92		27		65			.59	%
Total	$	392	$	222	$	170			.17	%

Net charge-offs increased by $113 million, or 66%, in the first six months of 2016 compared to the first six months of 2015 due to higher commercial loan net charge-offs. Total net charge-offs exclude write-offs and recoveries related to purchased impaired loans.

We maintain an ALLL to absorb losses from the loan and lease portfolio and determine this allowance based on quarterly assessments of the estimated probable credit losses incurred in the loan and lease portfolio. Our total ALLL of $2.7 billion at June 30, 2016 consisted of $1.6 billion and $1.1 billion established for the commercial lending and consumer

The PNC Financial Services Group, Inc. – Form 10-Q    33

lending categories, respectively. We maintain the ALLL at a level that we believe to be appropriate to absorb estimated probable credit losses incurred in the loan and lease portfolio as of the balance sheet date. The reserve calculation and determination process is dependent on the use of key assumptions. Key reserve assumptions and estimation processes react to and are influenced by observed changes in loan and lease portfolio performance experience, the financial strength of the borrower, and economic conditions. Key reserve assumptions are periodically updated.

We establish specific allowances for loans considered impaired using methods prescribed by GAAP. All impaired loans are subject to individual analysis, except leases and large groups of smaller-balance homogeneous loans which may include, but are not limited to, credit card, residential real estate secured and consumer installment loans. Specific allowances for individual loans (including commercial and consumer TDRs) are determined based on an analysis of the present value of expected future cash flows from the loans discounted at their effective interest rate, observable market price or the fair value of the underlying collateral.

Reserves allocated to non-impaired commercial loan classes are based on probability of default (PD) and loss given default (LGD) credit risk ratings.

Our commercial pool reserve methodology is sensitive to changes in key risk parameters such as PD and LGD. The results of these parameters are then applied to the loan balance and unfunded loan commitments and letters of credit to determine the amount of the respective reserves. Our PDs and LGDs are primarily determined using internal commercial loan loss data. This internal data is supplemented with third-party data and management judgment, as deemed necessary. We continue to evaluate and enhance our use of internal commercial loss data and will periodically update our PDs and LGDs as well as consider third-party data, regulatory guidance and management judgment.

The majority of the commercial portfolio is secured by collateral, including loans to asset-based lending customers, which generally demonstrate lower LGD compared to loans not secured by collateral. Additionally, guarantees on loans greater than $1 million and owner guarantees for small business loans do not significantly impact our ALLL.

Allocations to non-impaired consumer loan classes are primarily based upon a roll-rate model which uses statistical relationships, calculated from historical data that estimate the movement of loan outstandings through the various stages of delinquency and ultimately charge-off.

A portion of the ALLL is related to qualitative and measurement factors. These factors may include, but are not limited to, the following:

• Industry concentrations and conditions,

• Recent credit quality trends,

• Recent loss experience in particular portfolios,

• Recent macro-economic factors,

• Model imprecision,

• Changes in lending policies and procedures,

• Timing of available information, including the performance of first lien positions, and

• Limitations of available historical data.

Purchased impaired loans are initially recorded at fair value and applicable accounting guidance prohibits the carry over or creation of valuation allowances at acquisition. Because the initial fair values of these loans already reflect a credit component, additional reserves are established when performance is expected to be worse than our expectations as of the acquisition date. At June 30, 2016, we had reserves of $.3 billion for purchased impaired loans. In addition, loans (purchased impaired and non-impaired) acquired after January 1, 2009 were recorded at fair value. No allowance for loan losses was carried over and no allowance was created at the date of acquisition.

In determining the appropriateness of the ALLL, we make specific allocations to impaired loans and allocations to portfolios of commercial and consumer loans. We also allocate reserves to provide coverage for probable losses incurred in the portfolio at the balance sheet date based upon current market conditions, which may not be reflected in historical loss data. Commercial lending is the largest category of credits and is sensitive to changes in assumptions and judgments underlying the determination of the ALLL. We have allocated approximately $1.6 billion, or 60%, of the ALLL at June 30, 2016 to the commercial lending category. Consumer lending allocations are made based on historical loss experience adjusted for recent activity. Approximately $1.1 billion, or 40%, of the ALLL at June 30, 2016 has been allocated to these consumer lending categories.

In addition to the ALLL, we maintain an allowance for unfunded loan commitments and letters of credit. We report this allowance as a liability on our Consolidated Balance Sheet. We maintain the allowance for unfunded loan commitments and letters of credit at a level we believe is appropriate to absorb estimated probable losses on these unfunded credit facilities. We determine this amount using estimates of the probability of the ultimate funding and losses related to those credit exposures. Other than the estimation of the probability of funding, this methodology is very similar to the one we use for determining our ALLL.

We refer you to Note 1 Accounting Policies in our 2015 Form 10-K and Note 3 Asset Quality in the Notes To Consolidated Financial Statements in Part I, Item 1 of this Report for further information on certain key asset quality indicators that we use to evaluate our portfolios and establish the allowances.

34    The PNC Financial Services Group, Inc. – Form 10-Q

Table 31: Allowance for Loan and Lease Losses

Dollars in millions	2016			2015
January 1	$	2,727		$	3,331
Total net charge-offs		(283	)		(170	)
Provision for credit losses		279			100
Net change in allowance for unfunded loan commitments and letters of credit		(42	)		13
Net recoveries of purchased impaired loans		4
Other					(2	)
June 30	$	2,685		$	3,272
Net charge-offs to average loans (for the six months ended) (annualized)		.27	%		.17	%
Total allowance for loan and lease losses to total loans (a)		1.28	%		1.59	%
Commercial lending (net charge-offs) / recoveries	$	(99	)	$	26
Consumer lending net charge-offs		(184	)		(196	)
Total net charge-offs	$	(283	)	$	(170	)
Net charge-offs / (recoveries) to average loans (for the six months ended) (annualized)
Commercial lending		.15	%		(.04	)%
Consumer lending		.51	%		.53	%

(a) See Note 1 Accounting Policies in our 2015 Form 10-K for information on our change in derecognition policy effective December 31, 2015 for certain purchased impaired loans.

The provision for credit losses increased to $279 million for the first six months of 2016 compared to $100 million for the first six months of 2015, primarily driven by reserves for energy related exposure. For the first six months of 2016, the provision for commercial lending credit losses increased by $133 million from the first six months of 2015. The provision for consumer lending credit losses increased $46 million from the first six months of 2015.

At June 30, 2016, total ALLL to total nonperforming loans was 119%. The comparable amount for December 31, 2015 was 128%. These ratios are 90% and 98%, respectively, when excluding the $.6 billion of ALLL at both June 30, 2016 and December 31, 2015 allocated to consumer loans and lines of credit not secured by residential real estate and purchased impaired loans. We have excluded consumer loans and lines of credit not secured by real estate as they are charged off after 120 to 180 days past due and not placed on nonperforming status. Additionally, we have excluded purchased impaired loans as they are considered performing regardless of their delinquency status as interest is accreted in accordance with ASC 310-30 based on the recorded investment balance. See Table 24 within this Credit Risk Management section for additional information.

The ALLL balance increases or decreases across periods in relation to fluctuating risk factors, including asset quality trends, net charge-offs and changes in aggregate portfolio balances. During the first six months of 2016, overall credit

quality remained relatively stable offsetting impacts from certain energy related loans, which resulted in an essentially flat ALLL balance as of June 30, 2016 compared to December 31, 2015.

See Note 1 Accounting Policies in our 2015 Form 10-K and Note 4 Allowances for Loan and Lease Losses and Unfunded Loan Commitments and Letters of Credit in the Notes To Consolidated Financial Statements in Part I, Item 1 of this Report for additional information on the ALLL and the allowance for unfunded loan commitments and letters of credit.

Liquidity Risk Management

Liquidity risk, including our liquidity monitoring measures and tools, is described in further detail in the Liquidity Risk Management section of our 2015 Form 10-K.

One of the ways PNC monitors its liquidity is by reference to the Liquidity Coverage Ratio (LCR), a regulatory minimum liquidity requirement designed to ensure that covered banking organizations maintain an adequate level of liquidity to meet net liquidity needs over the course of a 30-day stress scenario. The LCR is calculated by dividing the amount of an institution’s high quality, unencumbered liquid assets (HQLA), as defined and calculated in accordance with the LCR rules, by its estimated net cash outflows, with net cash outflows determined by applying the assumed outflow factors in the LCR rules. The resulting quotient is expressed as a percentage. For PNC and PNC Bank, the LCR became effective January 1, 2015. The minimum required LCR will be phased-in over a period of years. The minimum LCR that PNC and PNC Bank were required to maintain was 80% in 2015 and such minimum increased to 90% in 2016. Between January 1, 2016 and June 30, 2016, PNC and PNC Bank were required to calculate the LCR on a month-end basis. Effective July 1, 2016, PNC and PNC Bank began calculating the LCR on a daily basis.

As of June 30, 2016, the LCR for PNC and PNC Bank exceeded 100 percent.

We provide additional information regarding regulatory liquidity requirements and their potential impact on PNC in the Supervision and Regulation section of Item 1 Business and Item 1A Risk Factors of our 2015 Form 10-K.

Bank Level Liquidity – Uses

At the bank level, primary contractual obligations include funding loan commitments, satisfying deposit withdrawal requests and maturities and debt service related to bank borrowings. As of June 30, 2016, there were approximately $10.7 billion of bank borrowings with contractual maturities of less than one year, including $2.3 billion in borrowings from an affiliate. We also maintain adequate bank liquidity to meet future potential loan demand and provide for other business needs, as necessary.

The PNC Financial Services Group, Inc. – Form 10-Q    35

Bank Level Liquidity – Sources

Our largest source of bank liquidity on a consolidated basis is the deposit base generated by our retail and commercial banking businesses. Total deposits increased to $249.8 billion at June 30, 2016 from $249.0 billion at December 31, 2015, driven by growth in savings deposits, partially offset by a decline in money market deposits and time deposits in foreign offices and other time deposits. Assets determined by PNC to be liquid (liquid assets) and unused borrowing capacity from a number of sources are also available to maintain our liquidity position. Borrowed funds come from a diverse mix of short-term and long-term funding sources.

At June 30, 2016, our liquid assets consisted of short-term investments (Federal funds sold, resale agreements, trading securities and interest-earning deposits with banks) totaling $30.2 billion and securities available for sale totaling $56.9 billion. The level of liquid assets fluctuates over time based on many factors, including market conditions, loan and deposit growth and balance sheet management activities. Of our total liquid assets of $87.1 billion, we had $4.3 billion of securities available for sale and trading securities pledged as collateral to secure public and trust deposits, repurchase agreements and for other purposes. In addition to the liquid assets we pledged, $5.4 billion of securities held to maturity were also pledged as collateral for these purposes.

In addition to the customer deposit base, which has historically provided the single largest source of relatively stable and low-cost funding, the bank also obtains liquidity through the issuance of traditional forms of funding, including long-term debt (senior notes, subordinated debt and FHLB advances) and short-term borrowings (Federal funds purchased, securities sold under repurchase agreements, commercial paper and other short-term borrowings).

Under PNC Bank’s 2014 bank note program, dated January 16, 2014 and amended May 22, 2015, PNC Bank may from time to time offer unsecured senior and subordinated notes with maturity dates more than nine months (in the case of senior notes) and five years or more (in the case of subordinated notes) from their date of issue. On May 27, 2016, PNC Bank increased the capacity of this program by $10.0 billion to a maximum aggregate principal amount at any one time outstanding of $40.0 billion. The $40.0 billion of notes authorized to be issued and outstanding at any one time includes notes issued by PNC Bank under the 2004 bank note program and those notes PNC Bank has assumed through the acquisition of other banks, in each case for so long as such notes remain outstanding. The terms of the 2014 bank note program, as amended, do not affect any of the bank notes issued prior to January 16, 2014. At June 30, 2016, PNC Bank had $25.9 billion of notes outstanding under this program of which $19.7 billion was senior bank notes and $6.2 billion was subordinated bank notes. The following table details all issuances during 2016:

Table 32: PNC Bank Notes Issued During 2016

Issuance Date	Amount	Description of Issuance
March 4, 2016	$1.0 billion	Senior notes with a maturity date of March 4, 2019. Interest is payable semi-annually at a fixed rate of 1.950% on March 4 and September 4 of each year, beginning September 4, 2016.
April 29, 2016	$600 million	Senior notes with a maturity date of June 1, 2025. Interest is payable semi-annually at a fixed rate of 3.250% on June 1 and December 1 of each year, beginning June 1, 2016.
April 29, 2016	$1.25 billion	Senior notes with a maturity date of April 29, 2021. Interest is payable semi-annually at a fixed rate of 2.150% on April 29 and October 29 of each year, beginning October 29, 2016.

Total senior and subordinated debt of PNC Bank increased to $27.9 billion at June 30, 2016 from $25.5 billion at December 31, 2015 due to the following activity in the period.

Table 33: PNC Bank Senior and Subordinated Debt

In billions	2016
January 1	$	25.5
Issuances		2.9
Calls and maturities		(1.0	)
Other		.5
June 30	$	27.9

See Note 15 Subsequent Events in the Notes to Consolidated Financial Statements of this Report for information on the issuance of senior notes by PNC Bank on July 29, 2016.

PNC Bank is a member of the FHLB-Pittsburgh and, as such, has access to advances from FHLB-Pittsburgh secured generally by residential mortgage loans, other mortgage-related loans and commercial mortgage-backed securities. At June 30, 2016, our unused secured borrowing capacity was $25.0 billion with the FHLB-Pittsburgh. Total FHLB borrowings decreased to $18.1 billion at June 30, 2016 from $20.1 billion at December 31, 2015 due to the following activity in the period.

36    The PNC Financial Services Group, Inc. – Form 10-Q

Table 34: FHLB Borrowings

In billions	2016
January 1	$	20.1
Issuances		3.0
Calls and maturities		(5.0	)
June 30	$	18.1

The FHLB-Pittsburgh also periodically provides standby letters of credit on behalf of PNC Bank to secure certain public deposits. PNC Bank began using standby letters of credit issued by the FHLB-Pittsburgh for these purposes in response to the regulatory liquidity standards finalized during 2014. If the FHLB-Pittsburgh is required to make payment for a beneficiary’s draw, the payment amount is converted into a collateralized advance to PNC Bank. At June 30, 2016, standby letters of credit issued on our behalf by the FHLB-Pittsburgh totaled $4.9 billion.

PNC Bank has the ability to offer up to $10.0 billion of its commercial paper to provide additional liquidity. As of June 30, 2016, there were no issuances outstanding under this program.

PNC Bank can also borrow from the Federal Reserve Bank discount window to meet short-term liquidity requirements. The Federal Reserve Bank, however, is not viewed as a primary means of funding our routine business activities, but rather as a potential source of liquidity in a stressed environment or during a market disruption. These potential borrowings are secured by commercial loans. At June 30, 2016, our unused secured borrowing capacity was $16.1 billion with the Federal Reserve Bank.

Parent Company Liquidity

As of June 30, 2016, available parent company liquidity totaled $4.8 billion. Parent company liquidity is primarily held in intercompany short-term investments, the terms of which provide for the availability of cash in 31 days or less. Investments with longer durations may also be acquired, but if so, the related maturities are aligned with scheduled cash needs, such as the maturity of parent company debt obligations.

Parent Company Liquidity – Uses

The parent company’s contractual obligations consist primarily of debt service related to parent company borrowings and funding non-bank affiliates. As of June 30, 2016, there were approximately $1.9 billion of parent company borrowings with contractual maturities of less than one year. Additionally, the parent company maintains adequate liquidity to fund discretionary activities such as paying dividends to PNC shareholders, share repurchases, and acquisitions.

See Note 15 Subsequent Events in the Notes To Consolidated Financial Statements of this Report for information on the redemption notice issued on July 18, 2016 with respect to Senior Notes issued by PNC Funding Corp.

See the Capital portion of the Consolidated Balance Sheet Review section of this Financial Review for information on our 2016 capital plan that was accepted by the Federal Reserve. Our capital plan included a recommendation to increase the quarterly common stock dividend in the third quarter of 2016 and also included share repurchase programs of up to $2.0 billion for the four-quarter period beginning in the third quarter of 2016. More information on our share repurchase programs, including detail on our second quarter repurchase of 6.1 million common shares for $.5 billion, is included in the Capital portion of the Consolidated Balance Sheet Review in this Financial Review.

On July 7, 2016, consistent with our 2016 capital plan, our Board of Directors approved an increase to PNC’s quarterly common stock dividend from 51 cents per common share to 55 cents per common share beginning with the August 5, 2016 dividend payment.

See the Supervision and Regulation section in Item 1 Business of our 2015 Form 10-K for additional information regarding the Federal Reserve’s CCAR process and the factors the Federal Reserve takes into consideration in evaluating capital plans, qualitative and quantitative liquidity risk management standards proposed by the U.S. banking agencies, and final rules issued by the Federal Reserve that make certain modifications to the Federal Reserve’s capital planning and stress testing rules.

Parent Company Liquidity – Sources

The principal source of parent company liquidity is the dividends it receives from its subsidiary bank, which may be impacted by the following:

• Bank-level capital needs,

• Laws and regulations,

• Corporate policies,

• Contractual restrictions, and

• Other factors.

There are statutory and regulatory limitations on the ability of a national bank to pay dividends or make other capital distributions or to extend credit to the parent company or its non-bank subsidiaries. The amount available for dividend payments by PNC Bank to the parent company without prior regulatory approval was approximately $1.3 billion at June 30, 2016. See Note 19 Regulatory Matters in our 2015 Form 10-K for a further discussion of these limitations. We provide additional information on certain contractual restrictions in Note 16 Equity in our 2015 Form 10-K.

The PNC Financial Services Group, Inc. – Form 10-Q    37

In addition to dividends from PNC Bank, other sources of parent company liquidity include cash and investments, as well as dividends and loan repayments from other subsidiaries and dividends or distributions from equity investments.

We can also generate liquidity for the parent company and PNC’s non-bank subsidiaries through the issuance of debt and equity securities, including certain capital instruments, in public or private markets and commercial paper.

Total parent company senior and subordinated debt and hybrid capital instruments increased to $7.7 billion at June 30, 2016 from $7.5 billion at December 31, 2015 due to the following activity in the period.

Table 35: Parent Company Senior and Subordinated Debt and Hybrid Capital Instruments

In billions	2016
January 1	$	7.5
Other		.2
June 30	$	7.7

The parent company has the ability to offer up to $5.0 billion of commercial paper to provide additional liquidity. As of June 30, 2016, there were no issuances outstanding under this program.

Status of Credit Ratings

The cost and availability of short-term and long-term funding, as well as collateral requirements for certain derivative instruments, is influenced by PNC’s credit ratings. See the Liquidity Risk Management portion of the Risk Management section in our 2015 Form 10-K for more information on credit ratings.

Table 36: Credit Ratings as of June 30, 2016 for PNC and PNC Bank

	Moody’s		Standard & Poor’s	Fitch
PNC
Senior debt		A3	A-	A+
Subordinated debt		A3	BBB+	A
Preferred stock		Baa2	BBB-	BBB-
PNC Bank
Senior debt		A2	A	A+
Subordinated debt		A3	A-	A
Long-term deposits		Aa2	A	AA-
Short-term deposits		P-1	A-1	F1+
Short-term notes		P-1	A-1	F1

Contractual Obligations and Commitments

We have contractual obligations representing required future payments on borrowed funds, time deposits, leases, pension and postretirement benefits, and purchase obligations. See the Liquidity Risk Management portion of the Risk Management section in our 2015 Form 10-K for more information on these future cash outflows. Additionally, in the normal course of business we have various commitments outstanding, certain of which are not included on our Consolidated Balance Sheet. We provide information on our commitments in Note 13 Commitments and Guarantees in Part I, Item 1 of this Report.

Market Risk Management

Market risk is the risk of a loss in earnings or economic value due to adverse movements in market factors such as interest rates, credit spreads, foreign exchange rates, commodity prices and equity prices. We are exposed to market risk primarily by our involvement in the following activities, among others:

• Traditional banking activities of gathering deposits and extending loans,

• Equity and other investments and activities whose economic values are directly impacted by market factors, and

• Fixed income securities, derivatives and foreign exchange activities, as a result of customer activities and securities underwriting.

We have established enterprise-wide policies and methodologies to identify, measure, monitor and report market risk. Market Risk Management provides independent oversight by monitoring compliance with established guidelines, and reporting significant risks in the business to the Risk Committee of the Board.

Market Risk Management – Interest Rate Risk

Interest rate risk results primarily from our traditional banking activities of gathering deposits and extending loans. Many factors, including economic and financial conditions, movements in interest rates and consumer preferences, affect the difference between the interest that we earn on assets and the interest that we pay on liabilities and the level of our noninterest-bearing funding sources. Due to the repricing term mismatches and embedded options inherent in certain of these products, changes in market interest rates not only affect expected near-term earnings, but also the economic values of these assets and liabilities.

Asset and Liability Management centrally manages interest rate risk as prescribed in our risk management policies, which are approved by management’s Asset and Liability Committee and the Risk Committee of the Board.

38    The PNC Financial Services Group, Inc. – Form 10-Q

Sensitivity results and market interest rate benchmarks for the second quarters of 2016 and 2015 follow:

Table 37: Interest Sensitivity Analysis

	Second Quarter 2016			Second Quarter 2015
Net Interest Income Sensitivity Simulation (a)
Effect on net interest income in first year from gradual interest rate change over the following 12 months of:
100 basis point increase		3.1	%		1.7	%
100 basis point decrease		(3.2	)%		(.5	)%
Effect on net interest income in second year from gradual interest rate change over the preceding 12 months of:
100 basis point increase		8.1	%		5.7	%
100 basis point decrease		(8.5	)%		(4.6	)%
Duration of Equity Model (a)
Base case duration of equity (in years)		(8.5	)		(3.5	)
Key Period-End Interest Rates
One-month LIBOR		.47	%		.19	%
Three-year swap		.81	%		1.25	%

(a) Given the inherent limitations in certain of these measurement tools and techniques, results become less meaningful as interest rates approach zero.

In addition to measuring the effect on net interest income assuming parallel changes in current interest rates, we routinely simulate the effects of a number of nonparallel interest rate environments. Table 38 reflects the percentage change in net interest income over the next two 12-month periods assuming (i) the PNC Economist’s most likely rate forecast, (ii) implied market forward rates and (iii) Yield Curve Slope Flattening (a 100 basis point yield curve slope flattening between 1-month and ten-year rates superimposed on current base rates) scenario.

Table 38: Net Interest Income Sensitivity to Alternative Rate Scenarios (Second Quarter 2016)

	PNC Economist			Market Forward	Slope Flattening
First year sensitivity		2.9	%	.7%	(2.0)%
Second year sensitivity		9.8	%	1.8%	(7.0)%

All changes in forecasted net interest income are relative to results in a base rate scenario where current market rates are assumed to remain unchanged over the forecast horizon.

When forecasting net interest income, we make assumptions about interest rates and the shape of the yield curve, the volume and characteristics of new business and the behavior of existing on- and off-balance sheet positions. These assumptions determine the future level of simulated net interest income in the base interest rate scenario and the other interest rate scenarios presented in Tables 37 and 38 above.

These simulations assume that as assets and liabilities mature, they are replaced or repriced at then current market rates. We also consider forward projections of purchase accounting accretion when forecasting net interest income.

The following graph presents the LIBOR/Swap yield curves for the base rate scenario and each of the alternate scenarios one year forward.

Table 39: Alternate Interest Rate Scenarios: One Year Forward

The second quarter 2016 interest sensitivity analyses indicate that our Consolidated Balance Sheet is positioned to benefit from an increase in interest rates and an upward sloping interest rate yield curve. We believe that we have the deposit funding base and balance sheet flexibility to adjust, where appropriate and permissible, to changing interest rates and market conditions.

Market Risk Management – Customer-Related Trading Risk

We engage in fixed income securities, derivatives and foreign exchange transactions to support our customers’ investing and hedging activities. These transactions, related hedges and the credit valuation adjustment (CVA) related to our customer derivatives portfolio are marked-to-market daily and reported as customer-related trading activities. We do not engage in proprietary trading of these products.

We use value-at-risk (VaR) as the primary means to measure and monitor market risk in customer-related trading activities. VaR is used to estimate the probability of portfolio losses based on the statistical analysis of historical market risk factors. A diversified VaR reflects empirical correlations across different asset classes. We calculate a diversified VaR at a 95% confidence interval and the results for the first six months of 2016 and 2015 were within our acceptable limits.

See the Market Risk Management – Customer-Related Trading Risk section of our 2015 Form 10-K for more information on the models and backtesting.

Customer-related trading revenue decreased to $89 million for the first six months of 2016 compared with $102 million for the first six months of 2015. This decrease was primarily due to market interest rate changes impacting credit valuations for customer-related derivatives.

The PNC Financial Services Group, Inc. – Form 10-Q    39

Customer-related trading revenue decreased to $50 million for the second quarter of 2016 compared with $53 million for the second quarter of 2015. This decrease was primarily due to market interest rate changes impacting credit valuations for customer-related derivatives, partially offset by higher derivative client sales and improved client-related trading results.

Market Risk Management – Equity And Other Investment Risk

Equity investment risk is the risk of potential losses associated with investing in both private and public equity markets. In addition to extending credit, taking deposits, and underwriting and trading financial instruments, we make and manage direct investments in a variety of transactions, including management buyouts, recapitalizations, and growth financings in a variety of industries. We also have investments in affiliated and non-affiliated funds that make similar investments in private equity and in debt and equity-oriented hedge funds. The economic and/or book value of these investments and other assets such as loan servicing rights are directly affected by changes in market factors.

The primary risk measurement for equity and other investments is economic capital. Economic capital is a common measure of risk for credit, market and operational risk. It is an estimate of the potential value depreciation over a one year horizon commensurate with solvency expectations of an institution rated single-A by the credit rating agencies. Given the illiquid nature of many of these types of investments, it can be a challenge to determine their fair values. See Note 6 Fair Value in the Notes To Consolidated Financial Statements in this Report and Note 7 Fair Value in our 2015 Form 10-K for additional information.

Various PNC business units manage our equity and other investment activities. Our businesses are responsible for making investment decisions within the approved policy limits and associated guidelines.

A summary of our equity investments follows:

Table 40: Equity Investments Summary

	June 30 2016		December 31 2015		Change
In millions					$			%
BlackRock	$	6,710	$	6,626	$	84			1	%
Tax credit investments		2,093		2,254		(161	)		(7	)%
Private equity		1,398		1,441		(43	)		(3	)%
Visa		2		31		(29	)		(94	)%
Other		266		235		31			13	%
Total	$	10,469	$	10,587	$	(118	)		(1	)%

BlackRock

PNC owned approximately 35 million common stock equivalent shares of BlackRock equity at June 30, 2016,

accounted for under the equity method. The primary risk measurement, similar to other equity investments, is economic capital. The Business Segments Review section of this Financial Review includes additional information about BlackRock.

Tax Credit Investments

Included in our equity investments are direct tax credit investments and equity investments held by consolidated partnerships. These equity investment balances include unfunded commitments totaling $671 million and $669 million at June 30, 2016 and December 31, 2015, respectively. These unfunded commitments are included in Other Liabilities on our Consolidated Balance Sheet.

Note 2 Loan Sale and Servicing Activities and Variable Interest Entities in the Notes To Consolidated Financial Statements in Item 8 of our 2015 Form 10-K has further information on Tax Credit Investments.

Private Equity

The private equity portfolio is an illiquid portfolio comprised of mezzanine and equity investments that vary by industry, stage and type of investment and are carried at estimated fair value. As of June 30, 2016, $1.1 billion was invested directly in a variety of companies and $.3 billion was invested indirectly through various private equity funds. Included in direct investments are investment activities of two private equity funds that are consolidated for financial reporting purposes. The interests held in indirect private equity funds are not redeemable, but PNC may receive distributions over the life of the partnership from liquidation of the underlying investments. See Item 1 Business – Supervision and Regulation and Item 1A Risk Factors included in our 2015 Form 10-K and the Recent Market and Industry Developments portion of the Executive Summary section of this Financial Review for discussions of the potential impacts of the Volcker Rule provisions of Dodd-Frank on our interests in and sponsorship of private funds covered by the Volcker Rule.

Our unfunded commitments related to private equity totaled $131 million at June 30, 2016 compared with $126 million at December 31, 2015.

Visa

Our 2015 Form 10-K includes information regarding the October 2007 Visa restructuring, our involvement with judgment and loss sharing agreements with Visa and certain other banks, the status of pending interchange litigation, the sales of portions of our Visa Class B common shares and the related swap agreements with the purchaser. See Note 12 Legal Proceedings in the Notes To Consolidated Financial Statements in this Report for more detail on the status of the pending interchange litigation.

During the first six months of 2016, we sold 1.35 million Visa Class B common shares, in addition to the 18.5 million shares

40    The PNC Financial Services Group, Inc. – Form 10-Q

sold in previous years. We have entered into swap agreements with the purchasers of the shares as part of these sales. At June 30, 2016, our investment in Visa Class B common shares totaled approximately 3.5 million shares. Based on the June 30, 2016 closing price of $74.17 for the Visa Class A common shares, the fair value of our total investment was approximately $430 million at the current conversion rate. The Visa Class B common shares that we own are transferable only under limited circumstances until they can be converted into shares of the publicly traded class of stock, which cannot happen until the final resolution of all of the specified litigation.

Other Investments

We also have certain other equity investments, the majority of which represent investments in affiliated and non-affiliated funds with both traditional and alternative investment strategies. The economic values could be driven by either the fixed-income market or the equity markets, or both. Given the

nature of these investments, if market conditions affecting their valuation were to worsen, we could incur future losses. Net gains related to these investments were not significant for the first six months of 2016 and 2015.

Our unfunded commitments related to other investments at June 30, 2016 and December 31, 2015 were not significant.

Financial Derivatives

Information on our financial derivatives is presented in Note 1 Accounting Policies and Note 7 Fair Value in our Notes To Consolidated Financial Statements under Item 8 of our 2015 Form 10-K and in Note 6 Fair Value and Note 9 Financial Derivatives in the Notes To Consolidated Financial Statements in Part I, Item 1 of this Report, which is incorporated here by reference.

Not all elements of market and credit risk are addressed through the use of financial derivatives, and such instruments may be ineffective for their intended purposes due to unanticipated market changes, among other reasons.

The following table summarizes the notional or contractual amounts and net fair value of financial derivatives at June 30, 2016 and December 31, 2015.

Table 41: Financial Derivatives Summary

	June 30, 2016					December 31, 2015
In millions	Notional/ Contractual Amount		Net Fair Value (a)			Notional/ Contractual Amount		Net Fair Value (a)
Derivatives designated as hedging instruments under GAAP
Total derivatives designated as hedging instruments	$	53,982	$	1,660		$	52,074	$	985
Derivatives not designated as hedging instruments under GAAP
Total derivatives used for residential mortgage banking activities		77,058		561			73,891		376
Total derivatives used for commercial mortgage banking activities		10,557		90			24,091		36
Total derivatives used for customer-related activities		209,394		155			192,621		151
Total derivatives used for other risk management activities		5,734		(307	)		5,299		(409	)
Total derivatives not designated as hedging instruments		302,743		499			295,902		154
Total Derivatives	$	356,725	$	2,159		$	347,976	$	1,139

(a) Represents the net fair value of assets and liabilities.

INTERNAL CONTROLS AND DISCLOSURE CONTROLS AND PROCEDURES

As of June 30, 2016, we performed an evaluation under the supervision of and with the participation of our management, including the Chairman, President and Chief Executive Officer and the Executive Vice President and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures and of changes in our internal control over financial reporting.

Based on that evaluation, our Chairman, President and Chief Executive Officer and our Executive Vice President and Chief

Financial Officer concluded that our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities and Exchange Act of 1934) were effective as of June 30, 2016, and that there has been no change in PNC’s internal control over financial reporting that occurred during the second quarter of 2016 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

GLOSSARY OF TERMS

For a glossary of terms commonly used in our filings, please see the glossary of terms included in our 2015 Form 10-K.

The PNC Financial Services Group, Inc. – Form 10-Q    41

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

We make statements in this Report, and we may from time to time make other statements, regarding our outlook for earnings, revenues, expenses, capital and liquidity levels and ratios, asset levels, asset quality, financial position, and other matters regarding or affecting PNC and its future business and operations that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements are typically identified by words such as “believe,” “plan,” “expect,” “anticipate,” “see,” “look,” “intend,” “outlook,” “project,” “forecast,” “estimate,” “goal,” “will,” “should” and other similar words and expressions. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time.

Forward-looking statements speak only as of the date made. We do not assume any duty and do not undertake to update forward-looking statements. Actual results or future events could differ, possibly materially, from those anticipated in forward-looking statements, as well as from historical performance.

Our forward-looking statements are subject to the following principal risks and uncertainties.

• Our businesses, financial results and balance sheet values are affected by business and economic conditions, including the following:

– Changes in interest rates and valuations in debt, equity and other financial markets.

– Disruptions in the U.S. and global financial markets.

– The impact on financial markets and the economy of any changes in the credit ratings of U.S. Treasury obligations and other U.S. government-backed debt, as well as issues surrounding the levels of U.S. and European government debt and concerns regarding the creditworthiness of certain sovereign governments, supranationals and financial institutions in Europe.

– Actions by the Federal Reserve, U.S. Treasury and other government agencies, including those that impact money supply and market interest rates.

– Changes in customers’, suppliers’ and other counterparties’ performance and creditworthiness.

– Slowing or reversal of the current U.S. economic expansion.

– Continued residual effects of recessionary conditions and uneven spread of positive impacts of recovery on the economy and our counterparties, including adverse impacts on levels of unemployment, loan utilization rates, delinquencies, defaults and counterparty ability to meet credit and other obligations.

– Commodity price volatility.

– Changes in customer preferences and behavior, whether due to changing business and economic conditions, legislative and regulatory initiatives, or other factors.

• Our forward-looking financial statements are subject to the risk that economic and financial market conditions will be substantially different than those we are currently expecting. These statements are based on our current view that the U.S. economy will grow moderately in the latter half of 2016, boosted by stable oil/energy prices, improving housing activity and moderate job gains, and that lower short-term interest rates and bond yields in the aftermath of Brexit will hold fairly steady before gradually rising late this year. These forward-looking statements also do not, unless otherwise indicated, take into account the impact of potential legal and regulatory contingencies.

• PNC’s ability to take certain capital actions, including paying dividends and any plans to increase common stock dividends, repurchase common stock under current or future programs, or issue or redeem preferred stock or other regulatory capital instruments, is subject to the review of such proposed actions by the Federal Reserve as part of PNC’s comprehensive capital plan for the applicable period in connection with the Federal Reserve’s CCAR process and to the acceptance of such capital plan and non-objection to such capital actions by the Federal Reserve.

• PNC’s regulatory capital ratios in the future will depend on, among other things, the company’s financial performance, the scope and terms of final capital regulations then in effect (particularly those implementing the international regulatory capital framework developed by the Basel Committee on Banking Supervision (Basel Committee), the international body responsible for developing global regulatory standards for banking organizations for consideration and adoption by national jurisdictions), and management actions affecting the composition of PNC’s balance sheet. In addition, PNC’s ability to determine, evaluate and forecast regulatory capital ratios, and to take actions (such as capital distributions) based on actual or forecasted capital ratios, will be dependent at least in part on the development, validation and regulatory approval of related models.

• Legal and regulatory developments could have an impact on our ability to operate our businesses, financial condition, results of operations, competitive position, reputation, or pursuit of attractive acquisition opportunities. Reputational impacts could affect matters such as business generation and retention, liquidity, funding, and ability to attract and retain management. These developments could include:

42    The PNC Financial Services Group, Inc. – Form 10-Q

– Changes resulting from legislative and regulatory reforms, including major reform of the regulatory oversight structure of the financial services industry and changes to laws and regulations involving tax, pension, bankruptcy, consumer protection, and other industry aspects, and changes in accounting policies and principles. We will be impacted by extensive reforms provided for in the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) and otherwise growing out of the most recent financial crisis, the precise nature, extent and timing of which, and their impact on us, remains uncertain.

– Changes to regulations governing bank capital and liquidity standards, including due to the Dodd-Frank Act and initiatives of the Basel Committee.

– Unfavorable resolution of legal proceedings or other claims and regulatory and other governmental investigations or other inquiries. In addition to matters relating to PNC’s current and historical business and activities, such matters may include proceedings, claims, investigations, or inquiries relating to pre-acquisition business and activities of acquired companies, such as National City. These matters may result in monetary judgments or settlements or other remedies, including fines, penalties, restitution or alterations in our business practices, and in additional expenses and collateral costs, and may cause reputational harm to PNC.

– Results of the regulatory examination and supervision process, including our failure to satisfy requirements of agreements with governmental agencies.

– Impact on business and operating results of any costs associated with obtaining rights in intellectual property claimed by others and of adequacy of our intellectual property protection in general.

• Business and operating results are affected by our ability to identify and effectively manage risks inherent in our businesses, including, where appropriate, through effective use of third-party insurance, derivatives, and capital management techniques, and to meet evolving regulatory capital and liquidity standards. In particular, our results currently depend on our ability to manage elevated levels of impaired assets.

• Business and operating results also include impacts relating to our equity interest in BlackRock, Inc. and rely to a significant extent on information provided to us by BlackRock. Risks and uncertainties that could affect BlackRock are discussed in more detail by BlackRock in its SEC filings.

• We grow our business in part by acquiring from time to time other financial services companies, financial services assets and related deposits and other liabilities. Acquisition risks and uncertainties include those presented by the nature of the business acquired, including in some cases those associated with our entry into new businesses or new geographic or other markets and risks resulting from our inexperience in those new areas, as well as risks and uncertainties related to the acquisition transactions themselves, regulatory issues, and the integration of the acquired businesses into PNC after closing.

• Competition can have an impact on customer acquisition, growth and retention and on credit spreads and product pricing, which can affect market share, deposits and revenues. Industry restructuring in the current environment could also impact our business and financial performance through changes in counterparty creditworthiness and performance and in the competitive and regulatory landscape. Our ability to anticipate and respond to technological changes can also impact our ability to respond to customer needs and meet competitive demands.

• Business and operating results can also be affected by widespread natural and other disasters, pandemics, dislocations, terrorist activities, cyberattacks or international hostilities through impacts on the economy and financial markets generally or on us or our counterparties specifically.

We provide greater detail regarding these as well as other factors in our 2015 Form 10-K, our first quarter 2016 Form 10-Q and elsewhere in this Report, including in the Risk Factors and Risk Management sections and the Legal Proceedings and Commitments and Guarantees Notes of the Notes To Consolidated Financial Statements in those reports. Our forward-looking statements may also be subject to other risks and uncertainties, including those discussed elsewhere in this Report or in our other filings with the SEC.

The PNC Financial Services Group, Inc. – Form 10-Q    43

CONSOLIDATED INCOME STATEMENT

THE PNC FINANCIAL SERVICES GROUP, INC.

Unaudited In millions, except per share data	Three months ended June 30				Six months ended June 30
	2016		2015		2016		2015
Interest Income
Loans	$	1,829	$	1,791	$	3,672	$	3,593
Investment securities		456		407		918		813
Other		99		107		201		218
Total interest income		2,384		2,305		4,791		4,624
Interest Expense
Deposits		104		98		209		190
Borrowed funds		212		155		416		310
Total interest expense		316		253		625		500
Net interest income		2,068		2,052		4,166		4,124
Noninterest Income
Asset management		377		416		718		792
Consumer services		354		334		691		645
Corporate services		403		369		728		713
Residential mortgage		165		164		265		328
Service charges on deposits		163		156		321		309
Net gains on sales of securities		4		8		13		50
Other		260		367		557		636
Total noninterest income		1,726		1,814		3,293		3,473
Total revenue		3,794		3,866		7,459		7,597
Provision For Credit Losses		127		46		279		100
Noninterest Expense
Personnel		1,226		1,200		2,371		2,357
Occupancy		215		209		436		425
Equipment		240		231		474		453
Marketing		61		67		115		129
Other		618		659		1,245		1,351
Total noninterest expense		2,360		2,366		4,641		4,715
Income before income taxes and noncontrolling interests		1,307		1,454		2,539		2,782
Income taxes		318		410		607		734
Net income		989		1,044		1,932		2,048
Less: Net income (loss) attributable to noncontrolling interests		23		4		42		5
Preferred stock dividends and discount accretion and redemptions		43		48		108		118
Net income attributable to common shareholders	$	923	$	992	$	1,782	$	1,925
Earnings Per Common Share
Basic	$	1.84	$	1.92	$	3.54	$	3.71
Diluted	$	1.82	$	1.88	$	3.49	$	3.63
Average Common Shares Outstanding
Basic		497		517		499		519
Diluted		503		525		505		527

See accompanying Notes To Consolidated Financial Statements.

44    The PNC Financial Services Group, Inc. – Form 10-Q

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

THE PNC FINANCIAL SERVICES GROUP, INC.

Unaudited In millions	Three months ended June 30						Six months ended June 30
	2016			2015			2016			2015
Net income	$	989		$	1,044		$	1,932		$	2,048
Other comprehensive income (loss), before tax and net of reclassifications into Net income:
Net unrealized gains (losses) on non-OTTI securities		273			(365	)		777			(291	)
Net unrealized gains (losses) on OTTI securities		17			4			(21	)		7
Net unrealized gains (losses) on cash flow hedge derivatives		63			(170	)		263			69
Pension and other postretirement benefit plan adjustments		3			(10	)		15			50
Other		12			(9	)		(15	)		(36	)
Other comprehensive income (loss), before tax and net of reclassifications into Net income		368			(550	)		1,019			(201	)
Income tax benefit (expense) related to items of other comprehensive income		(164	)		226			(413	)		77
Other comprehensive income (loss), after tax and net of reclassifications into Net income		204			(324	)		606			(124	)
Comprehensive income		1,193			720			2,538			1,924
Less: Comprehensive income (loss) attributable to noncontrolling interests		23			4			42			5
Comprehensive income attributable to PNC	$	1,170		$	716		$	2,496		$	1,919

See accompanying Notes To Consolidated Financial Statements.

The PNC Financial Services Group, Inc. – Form 10-Q    45

CONSOLIDATED BALANCE SHEET

THE PNC FINANCIAL SERVICES GROUP, INC.

Unaudited In millions, except par value	June 30 2016			December 31 2015
Assets
Cash and due from banks (a)	$	4,196		$	4,065
Federal funds sold and resale agreements (b)		1,476			1,369
Trading securities		2,006			1,726
Interest-earning deposits with banks (a)		26,750			30,546
Loans held for sale (b)		2,296			1,540
Investment securities		71,801			70,528
Loans (b)		209,056			206,696
Allowance for loan and lease losses		(2,685	)		(2,727	)
Net loans (a)		206,371			203,969
Goodwill		9,103			9,103
Mortgage servicing rights		1,222			1,589
Other intangible assets		329			379
Equity investments (a)		10,469			10,587
Other (a) (b)		25,316			23,092
Total assets	$	361,335		$	358,493
Liabilities
Deposits
Noninterest-bearing	$	77,866		$	79,435
Interest-bearing		171,912			169,567
Total deposits		249,778			249,002
Borrowed funds
Federal funds purchased and repurchase agreements		1,620			1,777
Federal Home Loan Bank borrowings		18,055			20,108
Bank notes and senior debt		23,588			21,298
Subordinated debt		8,764			8,556
Other (c) (d)		2,544			2,793
Total borrowed funds		54,571			54,532
Allowance for unfunded loan commitments and letters of credit		303			261
Accrued expenses (c)		5,080			4,975
Other (c)		4,904			3,743
Total liabilities		314,636			312,513
Equity
Preferred stock (e)
Common stock ($5 par value, authorized 800 shares, issued 542 shares)		2,709			2,708
Capital surplus – preferred stock		3,455			3,452
Capital surplus – common stock and other		12,653			12,745
Retained earnings		30,309			29,043
Accumulated other comprehensive income (loss)		736			130
Common stock held in treasury at cost: 49 and 38 shares		(4,304	)		(3,368	)
Total shareholders’ equity		45,558			44,710
Noncontrolling interests		1,141			1,270
Total equity		46,699			45,980
Total liabilities and equity	$	361,335		$	358,493

(a) Our consolidated assets at June 30, 2016 included the following assets of certain variable interest entities (VIEs): Equity investments of $220 million and Other assets of $47 million. Our consolidated assets at December 31, 2015 included the following assets of certain VIEs: Cash and due from banks of $11 million, Interest-earning deposits with banks of $4 million, Net loans of $1.3 billion, Equity investments of $183 million, and Other assets of $402 million.

(b) Our consolidated assets at June 30, 2016 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $2.1 billion, Loans of $.9 billion, and Other assets of $349 million. Our consolidated assets at December 31, 2015 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $1.5 billion, Loans of $.9 billion, and Other assets of $521 million.

(c) Our consolidated liabilities at June 30, 2016 included liabilities of $11 million for certain VIEs. Our consolidated liabilities at December 31, 2015 included the following liabilities of certain VIEs: Other borrowed funds of $148 million, Accrued expenses of $44 million, and Other liabilities of $202 million.

(d) Our consolidated liabilities at June 30, 2016 and December 31, 2015 included Other borrowed funds of $70 million and $93 million, respectively, for which we have elected the fair value option.

(e) Par value less than $.5 million at each date.

See accompanying Notes To Consolidated Financial Statements.

46    The PNC Financial Services Group, Inc. – Form 10-Q

CONSOLIDATED STATEMENT OF CASH FLOWS

THE PNC FINANCIAL SERVICES GROUP, INC.

Unaudited In millions	Six months ended June 30
	2016			2015
Operating Activities
Net income	$	1,932		$	2,048
Adjustments to reconcile net income to net cash provided (used) by operating activities
Provision for credit losses		279			100
Depreciation and amortization		561			530
Deferred income taxes		(68	)		109
Net gains on sales of securities		(13	)		(50	)
Changes in fair value of mortgage servicing rights		527			43
Gain on sales of Visa Class B common shares		(126	)		(79	)
Undistributed earnings of BlackRock		(148	)		(196	)
Net change in
Trading securities and other short-term investments		(865	)		(22	)
Loans held for sale		(728	)		(391	)
Other assets		(2,516	)		22
Accrued expenses and other liabilities		2,179			(186	)
Other		(253	)		(272	)
Net cash provided (used) by operating activities		761			1,656
Investing Activities
Sales
Securities available for sale		2,084			2,402
Loans		875			958
Repayments/maturities
Securities available for sale		4,895			3,933
Securities held to maturity		1,251			1,054
Purchases
Securities available for sale		(7,182	)		(9,706	)
Securities held to maturity		(1,587	)		(3,049	)
Loans		(504	)		(355	)
Net change in
Federal funds sold and resale agreements		(107	)		(119	)
Interest-earning deposits with banks		3,796			(2,190	)
Loans		(3,659	)		(1,017	)
Other		49			(394	)
Net cash provided (used) by investing activities		(89	)		(8,483	)

(continued on following page)

The PNC Financial Services Group, Inc. – Form 10-Q    47

CONSOLIDATED STATEMENT OF CASH FLOWS

THE PNC FINANCIAL SERVICES GROUP, INC.

(continued from previous page)

Unaudited In millions	Six months ended June 30
	2016			2015
Financing Activities
Net change in
Noninterest-bearing deposits	$	(1,113	)	$	3,909
Interest-bearing deposits		2,345			3,580
Federal funds purchased and repurchase agreements		(157	)		(1,320	)
Commercial paper					(158	)
Other borrowed funds		524			712
Sales/issuances
Federal Home Loan Bank borrowings					2,250
Bank notes and senior debt		2,856			4,932
Commercial paper					1,393
Other borrowed funds		133			586
Common and treasury stock		29			109
Repayments/maturities
Federal Home Loan Bank borrowings		(2,053	)		(62	)
Bank notes and senior debt		(993	)		(2,134	)
Subordinated debt		38			39
Commercial paper		(14	)		(3,274	)
Other borrowed funds		(461	)		(1,532	)
Preferred stock redemption					(500	)
Acquisition of treasury stock		(1,054	)		(1,020	)
Preferred stock cash dividends paid		(105	)		(115	)
Common stock cash dividends paid		(516	)		(516	)
Net cash provided (used) by financing activities		(541	)		6,879
Net Increase (Decrease) In Cash And Due From Banks		131			52
Cash and due from banks at beginning of period		4,065			4,360
Cash and due from banks at end of period	$	4,196		$	4,412
Supplemental Disclosures
Interest paid	$	664		$	503
Income taxes paid	$	284		$	191
Income taxes refunded	$	35		$	1
Non-cash Investing and Financing Items
Transfer from (to) loans to (from) loans held for sale, net	$	367		$	3
Transfer from loans to foreclosed assets	$	158		$	227

See accompanying Notes To Consolidated Financial Statements.

48    The PNC Financial Services Group, Inc. – Form 10-Q

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

THE PNC FINANCIAL SERVICES GROUP, INC.

BUSINESS

The PNC Financial Services Group, Inc. (PNC) is one of the largest diversified financial services companies in the United States and is headquartered in Pittsburgh, Pennsylvania.

We have businesses engaged in retail banking, corporate and institutional banking, asset management and residential mortgage banking, providing many of our products and services nationally, as well as other products and services in our primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, Florida, North Carolina, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Georgia, Missouri, Wisconsin and South Carolina. We also provide certain products and services internationally.

NOTE 1 ACCOUNTING POLICIES

Basis of Financial Statement Presentation

Our consolidated financial statements include the accounts of the parent company and its subsidiaries, most of which are wholly-owned, certain partnership interests, and variable interest entities.

We prepared these consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (GAAP). We have eliminated intercompany accounts and transactions. We have also reclassified certain prior year amounts to conform to the 2016 presentation, which did not have a material impact on our consolidated financial condition or results of operations. Additionally, we evaluate the materiality of identified errors in the financial statements using both an income statement and a balance sheet approach, based on relevant quantitative and qualitative factors. The consolidated financial statements include certain adjustments to correct immaterial errors related to previously reported periods.

In our opinion, the unaudited interim consolidated financial statements reflect all normal, recurring adjustments needed to present fairly our results for the interim periods. The results of operations for interim periods are not necessarily indicative of the results that may be expected for the full year or any other interim period.

We have also considered the impact of subsequent events on these consolidated financial statements.

When preparing these unaudited interim consolidated financial statements, we have assumed that you have read the audited consolidated financial statements included in our 2015 Annual Report on Form 10-K. Reference is made to Note 1 Accounting Policies in the 2015 Form 10-K for a detailed description of significant accounting policies. There have been no significant changes to our accounting policies as disclosed in the 2015 Annual Report on Form 10-K. These interim consolidated financial statements serve to update the 2015 Form 10-K and may not include all information and notes necessary to constitute a complete set of financial statements.

Use of Estimates

We prepared these consolidated financial statements using financial information available at the time of preparation, which requires us to make estimates and assumptions that affect the amounts reported. Our most significant estimates pertain to our fair value measurements, allowances for loan and lease losses and unfunded loan commitments and letters of credit, and accretion on purchased impaired loans. Actual results may differ from the estimates and the differences may be material to the consolidated financial statements.

Recently Adopted Accounting Standards

We did not adopt new accounting standards that had a significant impact during the second quarter of 2016.

NOTE 2 LOAN SALE AND SERVICING ACTIVITIES AND VARIABLE INTEREST ENTITIES

Loan Sale and Servicing Activities

As more fully described in Note 2 Loan Sale and Servicing Activities and Variable Interest Entities in our 2015 Form 10-K, we have transferred residential and commercial mortgage loans in securitization or sales transactions in which we have continuing involvement. Our continuing involvement generally consists of servicing, repurchasing previously transferred loans under certain conditions and loss share arrangements, and, in limited circumstances, holding of mortgage-backed securities issued by the securitization special purpose entities (SPEs).

We earn servicing and other ancillary fees for our role as servicer and, depending on the contractual terms of the servicing arrangement, we can be terminated as servicer with or without cause. At the consummation date of each type of loan transfer where PNC retains the servicing, we recognize a servicing right at fair value. See Note 7 Goodwill and Intangible Assets for information on our servicing rights, including the carrying value of servicing assets.

The PNC Financial Services Group, Inc. – Form 10-Q    49

The following table provides cash flows associated with PNC’s loan sale and servicing activities:

Table 42: Cash Flows Associated with Loan Sale and Servicing Activities

In millions	Residential Mortgages		Commercial Mortgages (a)			Home Equity Loans/Lines (b)
CASH FLOWS – Three months ended June 30, 2016
Sales of loans (c)	$	1,408	$	804
Repurchases of previously transferred loans (d)	$	103
Servicing fees (e)	$	93	$	32		$	3
Servicing advances recovered/(funded), net	$	48	$	(24	)	$	(4	)
Cash flows on mortgage-backed securities held (f)	$	417	$	92
CASH FLOWS – Three months ended June 30, 2015
Sales of loans (c)	$	2,015	$	1,159
Repurchases of previously transferred loans (d)	$	134
Servicing fees (e)	$	82	$	36		$	4
Servicing advances recovered/(funded), net	$	47	$	21		$	1
Cash flows on mortgage-backed securities held (f)	$	429	$	54
CASH FLOWS – Six months ended June 30, 2016
Sales of loans (c)	$	2,846	$	1,454
Repurchases of previously transferred loans (d)	$	263
Servicing fees (e)	$	186	$	62		$	6
Servicing advances recovered/(funded), net	$	76	$	7		$	20
Cash flows on mortgage-backed securities held (f)	$	769	$	197
CASH FLOWS – Six months ended June 30, 2015
Sales of loans (c)	$	3,955	$	2,179
Repurchases of previously transferred loans (d)	$	303				$	2
Servicing fees (e)	$	165	$	68		$	8
Servicing advances recovered/(funded), net	$	38	$	28		$	25
Cash flows on mortgage-backed securities held (f)	$	669	$	114

(a) Represents cash flow information associated with both commercial mortgage loan transfer and servicing activities.

(b) These activities were part of an acquired brokered home equity lending business in which PNC is no longer engaged.

(c) Gains/losses recognized on sales of loans were insignificant for the periods presented.

(d) Includes residential mortgage government insured or guaranteed loans eligible for repurchase through the exercise of our Removal of Account Provision (ROAP) option, and loans repurchased due to alleged breaches of origination covenants or representations and warranties made to purchasers. Includes home equity lines of credit repurchased at the end of their draw periods due to contractual requirements.

(e) Includes contractually specified servicing fees, late charges and ancillary fees.

(f) Represents cash flows on securities we hold issued by a securitization SPE in which PNC transferred to and/or services loans. The carrying values of such securities held were $6.4 billion in residential mortgage-backed securities and $1.1 billion in commercial mortgage-backed securities at June 30, 2016 and $5.6 billion in residential mortgage-backed securities and $1.2 billion in commercial mortgage-backed securities at June 30, 2015. Additionally, at December 31, 2015, the carrying values of such securities held were $6.6 billion in residential mortgage-backed securities and $1.3 billion in commercial mortgage-backed securities.

The table below presents information about the principal balances of transferred loans that we service and are not recorded on our Consolidated Balance Sheet. We would only experience a loss on these transferred loans if we were required to repurchase a loan due to a breach in representations and warranties or a loss sharing arrangement associated with our continuing involvement with these loans. For more information regarding our recourse and repurchase obligations, including our reserve of estimated losses, see the Recourse and Repurchase Obligations section of Note 21 Commitments and Guarantees in our 2015 Form 10-K.

50    The PNC Financial Services Group, Inc. – Form 10-Q

Table 43: Principal Balance, Delinquent Loans, and

Net Charge-offs Related to Serviced Loans For Others

In millions	Residential Mortgages		Commercial Mortgages (a)		Home Equity Loans/Lines (b)
June 30, 2016
Total principal balance	$	69,268	$	49,625	$	2,533
Delinquent loans (c)	$	1,555	$	1,035	$	893
December 31, 2015
Total principal balance	$	72,898	$	53,789	$	2,806
Delinquent loans (c)	$	1,923	$	1,057	$	904
Three months ended June 30, 2016
Net charge-offs (d)	$	28	$	157	$	9
Three months ended June 30, 2015
Net charge-offs (d)	$	37	$	148	$	8
Six months ended June 30, 2016
Net charge-offs (d)	$	54	$	1,069	$	16
Six months ended June 30, 2015
Net charge-offs (d)	$	69	$	255	$	15

(a) Represents information at the securitization level in which PNC has sold loans and is the servicer for the securitization.

(b) These activities were part of an acquired brokered home equity lending business in which PNC is no longer engaged.

(c) Serviced delinquent loans are 90 days or more past due or are in process of foreclosure.

(d) Net charge-offs for Residential mortgages and Home equity loans/lines represent credit losses less recoveries distributed and as reported to investors during the period. Net charge-offs for Commercial mortgages represent credit losses less recoveries distributed and as reported by the trustee for commercial mortgage backed securitizations. Realized losses for Agency securitizations are not reflected as we do not manage the underlying real estate upon foreclosure and, as such, do not have access to loss information.

Variable Interest Entities (VIEs)

As discussed in Note 2 Loan Sale and Servicing Activities and Variable Interest Entities in our 2015 Form 10-K, we are involved with various entities in the normal course of business that are deemed to be VIEs. The following provides a summary of VIEs, including those that we have consolidated and those in which we hold variable interests but have not consolidated into our financial statements as of June 30, 2016 and December 31, 2015, respectively. Amounts presented for June 30, 2016 are based on the assessments performed in accordance with ASC 810 as amended by ASU 2015-02 and adopted in the first quarter of 2016. Specifically, the ASU modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities (VOEs). We have not provided additional financial support to these entities which we are not contractually required to provide.

Table 44: Consolidated VIEs – Carrying Value (a)

June 30, 2016 (b) In millions	Total
Assets
Equity investments	$	220
Other assets		47
Total assets	$	267
Total liabilities	$	11
Noncontrolling interests	$	123

December 31, 2015 In millions	Total
Assets
Cash and due from banks	$	11
Interest-earning deposits with banks		4
Loans		1,341
Allowance for loan and lease losses		(48	)
Equity investments		183
Other assets		402
Total assets	$	1,893
Liabilities
Other borrowed funds	$	148
Accrued expenses		44
Other liabilities		202
Total liabilities	$	394
Noncontrolling interests	$	99

(a) Amounts represent carrying value on PNC’s Consolidated Balance Sheet.

(b) Amounts for June 30, 2016 reflect the first quarter 2016 adoption of ASU 2015-02.

The following table provides a summary of non-consolidated VIEs with which we have significant continuing involvement but are not the primary beneficiary. We do not consider our continuing involvement to be significant when it relates to a VIE where we only invest in securities issued by the VIE and were not involved in the design of the VIE or where no transfers have occurred between PNC and the VIE. We have excluded certain transactions with non-consolidated VIEs from the balances presented in Table 45 where we have determined that our continuing involvement is not significant.

In addition, where PNC only has lending arrangements in the normal course of business with entities that could be VIEs, we have excluded these transactions with non-consolidated entities from the balances presented in Table 45. These loans are included as part of the asset quality disclosures that we make in Note 3 Asset Quality.

The PNC Financial Services Group, Inc. – Form 10-Q    51

Table 45: Non-Consolidated VIEs

In millions	PNC Risk of Loss (a)		Carrying Value of Assets Owned by PNC			Carrying Value of Liabilities Owned by PNC
June 30, 2016 (b)
Commercial Mortgage-Backed Securitizations (c)	$	1,284	$	1,284	(d)
Residential Mortgage-Backed Securitizations (c)		6,406		6,406	(d)	$	1	(f)
Tax Credit Investments and Other		3,042		2,963	(e)		771	(g)
Total	$	10,732	$	10,653		$	772
December 31, 2015
Commercial Mortgage-Backed Securitizations (c)	$	1,498	$	1,498	(d)	$	1	(f)
Residential Mortgage-Backed Securitizations (c)		6,680		6,680	(d)		1	(f)
Tax Credit Investments and Other		2,551		2,622	(e)		836	(g)
Total	$	10,729	$	10,800		$	838

(a) This represents loans, investments and other assets related to non-consolidated VIEs, net of collateral (if applicable).

(b) Amounts for June 30, 2016 reflect the first quarter 2016 adoption of ASU 2015-02.

(c) Amounts reflect involvement with securitization SPEs where PNC transferred to and/or services loans for an SPE and we hold securities issued by that SPE. Values disclosed in the PNC Risk of Loss column represent our maximum exposure to loss for those securities’ holdings.

(d) Included in Trading securities, Investment securities, Other intangible assets and Other assets on our Consolidated Balance Sheet.

(e) Included in Loans, Equity investments and Other assets on our Consolidated Balance Sheet.

(f) Included in Other liabilities on our Consolidated Balance Sheet.

(g) Included in Deposits and Other liabilities on our Consolidated Balance Sheet.

We make certain equity investments in various tax credit limited partnerships or limited liability companies (LLCs). The purpose of these investments is to achieve a satisfactory return on capital and to assist us in achieving goals associated with the Community Reinvestment Act. During the six months ended June 30, 2016, we recognized $105 million of amortization, $111 million of tax credits, and $38 million of other tax benefits associated with qualified investments in low income housing tax credits within Income taxes. The amounts for the second quarter of 2016 were $53 million, $55 million and $19 million, respectively.

NOTE 3 ASSET QUALITY

We closely monitor economic conditions and loan performance trends to manage and evaluate our exposure to credit risk. Trends in delinquency rates may be a key indicator, among other considerations, of credit risk within the loan portfolios. The measurement of delinquency status is based on the contractual terms of each loan. Loans that are 30 days or more past due in terms of payment are considered delinquent. Loan delinquencies exclude loans held for sale, purchased impaired loans, nonperforming loans and loans accounted for under the fair value option which are on nonaccrual status, but include government insured or guaranteed loans and accruing loans accounted for under the fair value option.

Nonperforming assets include nonperforming loans and leases, OREO and foreclosed assets. Nonperforming loans are those loans accounted for at amortized cost whose credit quality has deteriorated to the extent that full collection of contractual principal and interest is not probable. Interest income is not recognized on these loans. Loans accounted for under the fair value option are reported as performing loans as these loans are accounted for at fair value. However, when nonaccrual criteria is met, interest income is not recognized on these loans. Additionally, certain government insured or guaranteed loans for which we expect to collect substantially all principal and interest are not reported as nonperforming loans and continue to accrue interest. Purchased impaired loans are excluded from nonperforming loans as we are currently accreting interest income over the expected life of the loans.

See Note 1 Accounting Policies in our 2015 Form 10-K for additional delinquency, nonperforming, and charge-off information.

52    The PNC Financial Services Group, Inc. – Form 10-Q

The following tables display the delinquency status of our loans and our nonperforming assets at June 30, 2016 and December 31, 2015, respectively.

Table 46: Analysis of Loan Portfolio (a)

	Accruing
Dollars in millions	Current or Less Than 30 Days Past Due			30-59 Days Past Due			60-89 Days Past Due			90 Days Or More Past Due			Total Past Due (b)			Nonperforming Loans			Fair Value Option Nonaccrual Loans (c)			Purchased Impaired Loans			Total Loans (d) (e)
June 30, 2016
Commercial Lending
Commercial	$	99,797		$	61		$	34		$	38		$	133		$	606					$	26		$	100,562
Commercial real estate		28,569			5			11						16			143						112			28,840
Equipment lease financing		7,596			1			4						5			19									7,620
Total commercial lending		135,962			67			49			38			154			768						138			137,022
Consumer Lending
Home equity		28,604			63			27						90			926						1,263			30,883
Residential real estate (f)		11,554			128			65			489			682			513		$	215			1,835			14,799
Credit card		4,820			25			17			30			72			4									4,896
Other consumer (g)		20,940			181			85			197			463			53									21,456
Total consumer lending		65,918			397			194			716			1,307			1,496			215			3,098			72,034
Total	$	201,880		$	464		$	243		$	754		$	1,461		$	2,264		$	215		$	3,236		$	209,056
Percentage of total loans		96.57	%		.22	%		.12	%		.36	%		.70	%		1.08	%		.10	%		1.55	%		100.00	%
December 31, 2015
Commercial Lending
Commercial	$	98,075		$	69		$	32		$	45		$	146		$	351					$	36		$	98,608
Commercial real estate		27,134			10			4						14			187						133			27,468
Equipment lease financing		7,440			19			2						21			7									7,468
Total commercial lending		132,649			98			38			45			181			545						169			133,544
Consumer Lending
Home equity		29,656			63			30						93			977						1,407			32,133
Residential real estate (f)		10,918			142			65			566			773			549		$	225			1,946			14,411
Credit card		4,779			28			19			33			80			3									4,862
Other consumer (g)		21,181			180			96			237			513			52									21,746
Total consumer lending		66,534			413			210			836			1,459			1,581			225			3,353			73,152
Total	$	199,183		$	511		$	248		$	881		$	1,640		$	2,126		$	225		$	3,522		$	206,696
Percentage of total loans		96.36	%		.25	%		.12	%		.43	%		.80	%		1.03	%		.11	%		1.70	%		100.00	%

(a) Amounts in table represent recorded investment and exclude loans held for sale. Recorded investment in a loan includes the unpaid principal balance plus accrued interest and net accounting adjustments, less any charge-offs. Recorded investment does not include any associated valuation allowance.

(b) Past due loan amounts exclude purchased impaired loans, even if contractually past due (or if we do not expect to receive payment in full based on the original contractual terms), as we are currently accreting interest income over the expected life of the loans.

(c) Consumer loans accounted for under the fair value option for which we do not expect to collect substantially all principal and interest are subject to nonaccrual accounting and classification upon meeting any of our nonaccrual policies. Given that these loans are not accounted for at amortized cost, these loans have been excluded from the nonperforming loan population.

(d) Net of unearned income, net deferred loan fees, unamortized discounts and premiums, and purchase discounts and premiums totaling $1.4 billion at both June 30, 2016 and December 31, 2015.

(e) Future accretable yield related to purchased impaired loans is not included in the analysis of loan portfolio.

(f) Past due loan amounts at June 30, 2016 include government insured or guaranteed Residential real estate mortgages totaling $57 million for 30 to 59 days past due, $47 million for 60 to 89 days past due and $466 million for 90 days or more past due. Past due loan amounts at December 31, 2015 include government insured or guaranteed Residential real estate mortgages totaling $56 million for 30 to 59 days past due, $45 million for 60 to 89 days past due and $545 million for 90 days or more past due.

(g) Past due loan amounts at June 30, 2016 include government insured or guaranteed Other consumer loans totaling $110 million for 30 to 59 days past due, $64 million for 60 to 89 days past due and $184 million for 90 days or more past due. Past due loan amounts at December 31, 2015 include government insured or guaranteed Other consumer loans totaling $116 million for 30 to 59 days past due, $75 million for 60 to 89 days past due and $220 million for 90 days or more past due.

At June 30, 2016, we pledged $20.9 billion of commercial loans to the Federal Reserve Bank (FRB) and $58.1 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, 2015 were $20.2 billion and $56.4 billion, respectively.

The PNC Financial Services Group, Inc. – Form 10-Q    53

Table 47: Nonperforming Assets

Dollars in millions	June 30 2016			December 31 2015
Nonperforming loans
Total commercial lending	$	768		$	545
Total consumer lending (a)		1,496			1,581
Total nonperforming loans (b) (c)		2,264			2,126
OREO and foreclosed assets
Other real estate owned (OREO)		239			279
Foreclosed and other assets		12			20
Total OREO and foreclosed assets		251			299
Total nonperforming assets	$	2,515		$	2,425
Nonperforming loans to total loans		1.08	%		1.03	%
Nonperforming assets to total loans, OREO and foreclosed assets		1.20			1.17
Nonperforming assets to total assets		.70			.68

(a) Excludes most consumer loans and lines of credit, not secured by residential real estate, which are charged off after 120 to 180 days past due and are not placed on nonperforming status.

(b) Nonperforming loans exclude certain government insured or guaranteed loans, loans held for sale, loans accounted for under the fair value option and purchased impaired loans.

(c) The recorded investment of loans collateralized by residential real estate property that are in process of foreclosure was $.4 billion and $.6 billion at June 30, 2016 and December 31, 2015, both included $.3 billion of loans that are government insured/guaranteed.

Nonperforming loans also include certain loans whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulties. In accordance with applicable accounting guidance, these loans are considered TDRs. See Note 1 Accounting Policies in our 2015 Form 10-K and the TDR section within this Note.

Total nonperforming loans in the nonperforming assets table above include TDRs of $1.2 billion at June 30, 2016 and $1.1 billion at December 31, 2015. TDRs that are performing, including consumer credit card TDR loans, totaled $1.2 billion at both June 30, 2016 and December 31, 2015, and are excluded from nonperforming loans. Nonperforming TDRs are returned to accrual and classified as performing after demonstrating a period of at least six months of consecutive performance under the restructured terms. Loans where borrowers have been discharged from personal liability through Chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to PNC and loans to borrowers not currently obligated to make both principal and interest payments under the restructured terms are not returned to accrual status.

Additional Asset Quality Indicators

We have two overall portfolio segments – Commercial Lending and Consumer Lending. Each of these two segments is comprised of multiple loan classes. Classes are characterized by similarities in initial measurement, risk attributes and the manner in which we monitor and assess credit risk. The Commercial Lending segment is comprised of the commercial, commercial real estate, equipment lease financing, and commercial purchased impaired loan classes. The Consumer Lending segment is comprised of the home equity, residential real estate, credit card, other consumer, and consumer purchased impaired loan classes.

Commercial Lending Asset Classes

Commercial Loan Class

For commercial loans, we monitor the performance of the borrower in a disciplined and regular manner based upon the level of credit risk inherent in the loan. To evaluate the level of credit risk, we assign an internal risk rating reflecting the borrower’s PD and LGD. This two-dimensional credit risk rating methodology provides granularity in the risk monitoring process on an ongoing basis. These ratings are reviewed and updated, generally at least once per year. Additionally, no less frequently than on an annual basis, we review PD rates related to each rating grade based upon internal historical data. These rates are updated as needed and augmented by market data as deemed necessary. For small balance homogeneous pools of commercial loans, mortgages and leases, we apply statistical modeling to assist in determining the probability of default within these pools. Further, on a periodic basis, we update our LGD estimates associated with each rating grade based upon historical data. The combination of the PD and LGD ratings assigned to a commercial loan, capturing both the combination of expectations of default and loss severity in event of default, reflects the relative estimated likelihood of loss for that loan at the reporting date. In general, loans with better PD and LGD tend to have a lower likelihood of loss compared to loans with worse PD and LGD. The loss amount also considers an estimate of exposure at date of default, which we also periodically update based upon historical data.

Based upon the amount of the lending arrangement and our risk rating assessment, we follow a formal schedule of written periodic review. Quarterly, we conduct formal reviews of a market’s or business unit’s entire loan portfolio, focusing on those loans which we perceive to be of higher risk, based upon PDs and LGDs, or loans for which credit quality is weakening. If circumstances warrant, it is our practice to review any customer obligation and its level of credit risk more frequently. We attempt to proactively manage our loans by using various procedures that are customized to the risk of a given loan, including ongoing outreach, contact, and assessment of obligor financial conditions, collateral inspection and appraisal.

54    The PNC Financial Services Group, Inc. – Form 10-Q

Commercial Real Estate Loan Class

We manage credit risk associated with our commercial real estate projects and commercial mortgage activities similar to commercial loans by analyzing PD and LGD. Additionally, risks connected with commercial real estate projects and commercial mortgage activities tend to be correlated to the loan structure and collateral location, project progress and business environment. As a result, these attributes are also monitored and utilized in assessing credit risk.

As with the commercial class, a formal schedule of periodic review is also performed to assess market/geographic risk and business unit/industry risk. Often as a result of these overviews, more in-depth reviews and increased scrutiny are placed on areas of higher risk, including adverse changes in risk ratings, deteriorating operating trends, and/or areas that concern management. These reviews are designed to assess risk and take actions to mitigate our exposure to such risks.

Equipment Lease Financing Loan Class

We manage credit risk associated with our equipment lease financing loan class similar to commercial loans by analyzing PD and LGD.

Based upon the dollar amount of the lease and of the level of credit risk, we follow a formal schedule of periodic review. Generally, this occurs quarterly, although we have established practices to review such credit risk more frequently if circumstances warrant. Our review process entails analysis of the following factors: equipment value/residual value, exposure levels, jurisdiction risk, industry risk, guarantor requirements, and regulatory compliance.

Commercial Purchased Impaired Loan Class

Estimates of the expected cash flows primarily determine the valuation of commercial purchased impaired loans. Commercial cash flow estimates are influenced by a number of credit related items, which include but are not limited to: estimated collateral value, receipt of additional collateral, secondary trading prices, circumstances of possible and/or ongoing liquidation, capital availability, business operations and payment patterns.

We attempt to proactively manage these factors by using various procedures that are customized to the risk of a given loan. These procedures include a review by our Special Asset Committee (SAC), ongoing outreach, contact, and assessment of obligor financial conditions, collateral inspection and appraisal.

Table 48: Commercial Lending Asset Quality Indicators (a) (b)

			Criticized Commercial Loans
In millions	Pass Rated		Special Mention (c)		Substandard (d)		Doubtful (e)		Total Loans
June 30, 2016
Commercial	$	94,962	$	2,174	$	3,237	$	163	$	100,536
Commercial real estate		28,251		68		398		11		28,728
Equipment lease financing		7,336		56		219		9		7,620
Purchased impaired loans		35		1		91		11		138
Total commercial lending	$	130,584	$	2,299	$	3,945	$	194	$	137,022
December 31, 2015
Commercial	$	93,364	$	2,029	$	3,089	$	90	$	98,572
Commercial real estate		26,729		120		481		5		27,335
Equipment lease financing		7,230		87		150		1		7,468
Purchased impaired loans				6		157		6		169
Total commercial lending	$	127,323	$	2,242	$	3,877	$	102	$	133,544

(a) Based upon PDs and LGDs. We apply a split rating classification to certain loans meeting threshold criteria. By assigning a split classification, a loan’s exposure amount may be split into more than one classification category in the above table.

(b) Loans are included above based on the Regulatory Classification definitions of “Pass”, “Special Mention”, “Substandard” and “Doubtful”.

(c) Special Mention rated loans have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of repayment prospects at some future date. These loans do not expose us to sufficient risk to warrant a more adverse classification at this time.

(d) Substandard rated loans have a well-defined weakness or weaknesses that jeopardize the collection or liquidation of debt. They are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected.

(e) Doubtful rated loans possess all the inherent weaknesses of a Substandard loan with the additional characteristics that the weakness makes collection or liquidation in full improbable due to existing facts, conditions, and values.

The PNC Financial Services Group, Inc. – Form 10-Q    55

Consumer Lending Asset Classes

Home Equity and Residential Real Estate Loan Classes

We use several credit quality indicators, including delinquency information, nonperforming loan information, updated credit scores, originated and updated LTV ratios, and geography, to monitor and manage credit risk within the home equity and residential real estate loan classes. We evaluate mortgage loan performance by source originators and loan servicers. A summary of asset quality indicators follows:

Delinquency/Delinquency Rates: We monitor trending of delinquency/delinquency rates for home equity and residential real estate loans. See the Asset Quality section of this Note 3 for additional information.

Nonperforming Loans: We monitor trending of nonperforming loans for home equity and residential real estate loans. See the Asset Quality section of this Note 3 for additional information.

Credit Scores: We use a national third-party provider to update FICO credit scores for home equity loans and lines of credit and residential real estate loans at least quarterly. The updated scores are incorporated into a series of credit management reports, which are utilized to monitor the risk in the loan classes.

LTV (inclusive of combined loan-to-value (CLTV) for first and subordinate lien positions): At least annually, we update the property values of real estate collateral and calculate an updated LTV ratio. For open-end credit lines secured by real estate in regions experiencing significant declines in property values, more frequent valuations may occur. We examine LTV migration and stratify LTV into categories to monitor the risk in the loan classes.

Historically, we used, and we continue to use, a combination of original LTV and updated LTV for internal risk management and reporting purposes (e.g., line management, loss mitigation strategies). In addition to the fact that estimated property values by their nature are estimates, given certain data limitations it is important to note that updated LTVs may be based upon management’s assumptions (e.g., if an updated LTV is not provided by the third-party service provider, home price index (HPI) changes will be incorporated in arriving at management’s estimate of updated LTV).

Geography: Geographic concentrations are monitored to evaluate and manage exposures. Loan purchase programs are sensitive to, and focused within, certain regions to manage geographic exposures and associated risks.

A combination of updated FICO scores, originated and updated LTV ratios and geographic location assigned to home equity loans and lines of credit and residential real estate loans is used to monitor the risk in the loan classes. Loans with higher FICO scores and lower LTVs tend to have a lower level of risk. Conversely, loans with lower FICO scores, higher LTVs, and in certain geographic locations tend to have a higher level of risk.

Consumer Purchased Impaired Loan Class

Estimates of the expected cash flows primarily determine the valuation of consumer purchased impaired loans. Consumer cash flow estimates are influenced by a number of credit related items, which include, but are not limited to: estimated real estate values, payment patterns, updated FICO scores, the current economic environment, updated LTV ratios and the date of origination. These key factors are monitored to help ensure that concentrations of risk are managed and cash flows are maximized.

Table 49: Home Equity and Residential Real Estate Balances

In millions	June 30 2016			December 31 2015
Home equity and residential real estate loans – excluding purchased impaired loans (a)	$	41,750		$	42,268
Home equity and residential real estate loans – purchased impaired loans (b)		3,379			3,684
Government insured or guaranteed residential real estate mortgages (a)		834			923
Difference between outstanding balance and recorded investment in purchased impaired loans		(281	)		(331	)
Total home equity and residential real estate loans (a)	$	45,682		$	46,544

(a) Represents recorded investment.

(b) Represents outstanding balance.

56    The PNC Financial Services Group, Inc. – Form 10-Q

Table 50: Home Equity and Residential Real Estate Asset Quality Indicators – Excluding Purchased Impaired Loans (a) (b)

	Home Equity				Residential Real Estate
June 30, 2016 – in millions	1st Liens		2nd Liens				Total
Current estimated LTV ratios (c)
Greater than or equal to 125% and updated FICO scores:
Greater than 660	$	213	$	815	$	227	$	1,255
Less than or equal to 660 (d) (e)		35		148		51		234
Missing FICO		1		6		9		16
Greater than or equal to 100% to less than 125% and updated FICO scores:
Greater than 660		553		1,541		444		2,538
Less than or equal to 660 (d) (e)		78		260		105		443
Missing FICO		3		3		12		18
Greater than or equal to 90% to less than 100% and updated FICO scores:
Greater than 660		626		1,357		561		2,544
Less than or equal to 660		81		203		82		366
Missing FICO		1		2		16		19
Less than 90% and updated FICO scores:
Greater than 660		13,928		7,631		9,734		31,293
Less than or equal to 660		1,257		842		600		2,699
Missing FICO		24		12		287		323
Missing LTV and updated FICO scores:
Greater than 660						2		2
Total home equity and residential real estate loans	$	16,800	$	12,820	$	12,130	$	41,750

	Home Equity				Residential Real Estate		Total
December 31, 2015 – in millions	1st Liens		2nd Liens
Current estimated LTV ratios (c)
Greater than or equal to 125% and updated FICO scores:
Greater than 660	$	283	$	960	$	284	$	1,527
Less than or equal to 660 (d) (e)		40		189		68		297
Missing FICO		1		8		5		14
Greater than or equal to 100% to less than 125% and updated FICO scores:
Greater than 660		646		1,733		564		2,943
Less than or equal to 660 (d) (e)		92		302		102		496
Missing FICO		3		4		8		15
Greater than or equal to 90% to less than 100% and updated FICO scores:
Greater than 660		698		1,492		615		2,805
Less than or equal to 660		88		226		94		408
Missing FICO		1		3		10		14
Less than 90% and updated FICO scores:
Greater than 660		13,895		7,808		9,117		30,820
Less than or equal to 660		1,282		923		570		2,775
Missing FICO		31		18		105		154
Total home equity and residential real estate loans	$	17,060	$	13,666	$	11,542	$	42,268

(a) Excludes purchased impaired loans of approximately $3.1 billion and $3.4 billion in recorded investment, certain government insured or guaranteed residential real estate mortgages of approximately $.8 billion and $.9 billion, and loans held for sale at June 30, 2016 and December 31, 2015, respectively. See the Home Equity and Residential Real Estate Asset Quality Indicators – Purchased Impaired Loans table below for additional information on purchased impaired loans.

(b) Amounts shown represent recorded investment.

(c) Based upon updated LTV (inclusive of combined loan-to-value (CLTV) for first and subordinate lien positions). Updated LTV is estimated using modeled property values. These ratios are updated at least semi-annually. The related estimates and inputs are based upon an approach that uses a combination of third-party automated valuation models (AVMs), broker price opinions (BPOs), HPI indices, property location, internal and external balance information, origination data and management assumptions. We generally utilize origination lien balances provided by a third-party, where applicable, which do not include an amortization assumption when calculating updated LTV. Accordingly, the results of these calculations do not represent actual appraised loan level collateral or updated LTV based upon lien balances held by others, and as such, are necessarily imprecise and subject to change as we enhance our methodology.

(d) Higher risk loans are defined as loans with both an updated FICO score of less than or equal to 660 and an updated LTV greater than or equal to 100%.

(e) The following states had the highest percentage of higher risk loans at June 30, 2016: New Jersey 16%, Pennsylvania 12%, Illinois 11%, Ohio 11%, Florida 7%, Maryland 7% and Michigan 4%. The remainder of the states had lower than 4% of the higher risk loans individually, and collectively they represent approximately 32% of the higher risk loans. The following states had the highest percentage of higher risk loans at December 31, 2015: New Jersey 14%, Pennsylvania 12%, Illinois 11%, Ohio 11%, Florida 7%, Maryland 7% and Michigan 5%. The remainder of the states had lower than 4% of the high risk loans individually, and collectively they represent approximately 33% of the higher risk loans.

The PNC Financial Services Group, Inc. – Form 10-Q    57

Table 51: Home Equity and Residential Real Estate Asset Quality Indicators – Purchased Impaired Loans (a)

	Home Equity (b) (c)				Residential Real Estate (b) (c)		Total
June 30, 2016 – in millions	1st Liens		2nd Liens
Current estimated LTV ratios (d)
Greater than or equal to 125% and updated FICO scores:
Greater than 660	$	5	$	138	$	162	$	305
Less than or equal to 660		5		62		60		127
Missing FICO				2		4		6
Greater than or equal to 100% to less than 125% and updated FICO scores:
Greater than 660		9		314		165		488
Less than or equal to 660		8		126		104		238
Missing FICO				2		6		8
Greater than or equal to 90% to less than 100% and updated FICO scores:
Greater than 660		8		158		122		288
Less than or equal to 660		5		71		66		142
Missing FICO				1		3		4
Less than 90% and updated FICO scores:
Greater than 660		116		325		609		1,050
Less than or equal to 660		81		168		421		670
Missing FICO		1		3		26		30
Missing LTV and updated FICO scores:
Greater than 660		2				15		17
Less than or equal to 660		1				4		5
Missing FICO						1		1
Total home equity and residential real estate loans	$	241	$	1,370	$	1,768	$	3,379

	Home Equity (b) (c)				Residential Real Estate (b) (c)		Total
December 31, 2015 – in millions	1st Liens		2nd Liens
Current estimated LTV ratios (d)
Greater than or equal to 125% and updated FICO scores:
Greater than 660	$	6	$	164	$	147	$	317
Less than or equal to 660		6		79		76		161
Missing FICO				7		5		12
Greater than or equal to 100% to less than 125% and updated FICO scores:
Greater than 660		12		331		186		529
Less than or equal to 660		9		145		118		272
Missing FICO				8		7		15
Greater than or equal to 90% to less than 100% and updated FICO scores:
Greater than 660		10		167		133		310
Less than or equal to 660		6		75		68		149
Missing FICO				4		3		7
Less than 90% and updated FICO scores:
Greater than 660		106		345		665		1,116
Less than or equal to 660		91		182		455		728
Missing FICO		1		13		31		45
Missing LTV and updated FICO scores:
Greater than 660		1				14		15
Less than or equal to 660		1				6		7
Missing FICO						1		1
Total home equity and residential real estate loans	$	249	$	1,520	$	1,915	$	3,684

(a) Amounts shown represent outstanding balance.

(b) For the estimate of cash flows utilized in our purchased impaired loan accounting, other assumptions and estimates are made, including amortization of first lien balances, pre-payment rates, etc., which are not reflected in this table.

(c) The following states had the highest percentage of purchased impaired loans at June 30, 2016: California 16%, Florida 14%, Illinois 11%, Ohio 9%, North Carolina 7%, and Michigan 5%. The remainder of the states had lower than a 4% concentration of purchased impaired loans individually, and collectively they represent approximately 38% of the purchased impaired portfolio. The following states had the highest percentage of purchased impaired loans at December 31, 2015: California 16%, Florida 14%, Illinois 11%, Ohio 9%, North Carolina 7% and Michigan 5%. The remainder of the states had lower than a 4% concentration of purchased impaired loans individually, and collectively they represent approximately 38% of the purchased impaired portfolio.

(d) Based upon updated LTV (inclusive of combined loan-to-value (CLTV) for first and subordinate lien positions). Updated LTV is estimated using modeled property values. These ratios are updated at least semi-annually. The related estimates and inputs are based upon an approach that uses a combination of third-party automated valuation models (AVMs), broker price opinions (BPOs), HPI indices, property location, internal and external balance information, origination data and management assumptions. We generally utilize origination lien balances provided by a third-party, where applicable, which do not include an amortization assumption when calculating updated LTV. Accordingly, the results of these calculations do not represent actual appraised loan level collateral or updated LTV based upon lien balances held by others, and as such, are necessarily imprecise and subject to change as we enhance our methodology.

58    The PNC Financial Services Group, Inc. – Form 10-Q

Credit Card and Other Consumer Loan Classes

We monitor a variety of asset quality information in the management of the credit card and other consumer loan classes. Other consumer loan classes include education, automobile, and other secured and unsecured lines and loans. Along with the trending of delinquencies and losses for each class, FICO credit score updates are generally obtained monthly, as well as a variety of credit bureau attributes. Loans with high FICO scores tend to have a lower likelihood of loss. Conversely, loans with low FICO scores tend to have a higher likelihood of loss.

Table 52: Credit Card and Other Consumer Loan Classes Asset Quality Indicators

	Credit Card (a)					Other Consumer (b)
Dollars in millions	Amount		% of Total Loans Using FICO Credit Metric			Amount		% of Total Loans Using FICO Credit Metric
June 30, 2016
FICO score greater than 719	$	2,979		61	%	$	9,765		66	%
650 to 719		1,362		28			3,594		24
620 to 649		196		4			507		3
Less than 620		207		4			584		4
No FICO score available or required (c)		152		3			368		3
Total loans using FICO credit metric		4,896		100	%		14,818		100	%
Consumer loans using other internal credit metrics (b)							6,638
Total loan balance	$	4,896				$	21,456
Weighted-average updated FICO score (d)				735					746
December 31, 2015
FICO score greater than 719	$	2,936		60	%	$	9,371		65	%
650 to 719		1,346		28			3,534		24
620 to 649		202		4			523		4
Less than 620		227		5			604		4
No FICO score available or required (c)		151		3			501		3
Total loans using FICO credit metric		4,862		100	%		14,533		100	%
Consumer loans using other internal credit metrics (b)							7,213
Total loan balance	$	4,862				$	21,746
Weighted-average updated FICO score (d)				734					744

(a) At June 30, 2016, we had $32 million of credit card loans that are higher risk (i.e., loans with both updated FICO scores less than 660 and in late stage (90+ days) delinquency status). The majority of the June 30, 2016 balance related to higher risk credit card loans was geographically distributed throughout the following areas: Ohio 17%, Pennsylvania 16%, Michigan 8%, New Jersey 8%, Florida 7%, Illinois 6%, Maryland 5%, Kentucky 4%, and Indiana 4%. All other states had less than 4% individually and make up the remainder of the balance. At December 31, 2015, we had $34 million of credit card loans that are higher risk. The majority of the December 31, 2015 balance related to higher risk credit card loans was geographically distributed throughout the following areas: Ohio 17%, Pennsylvania 15%, Michigan 8%, New Jersey 8%, Florida 7%, Illinois 6%, Indiana 6%, Maryland 4% and North Carolina 4%. All other states had less than 4% individually and make up the remainder of the balance.

(b) Other consumer loans for which updated FICO scores are used as an asset quality indicator include non-government guaranteed or insured education loans, automobile loans and other secured and unsecured lines and loans. Other consumer loans for which other internal credit metrics are used as an asset quality indicator include primarily government guaranteed or insured education loans, as well as consumer loans to high net worth individuals. Other internal credit metrics may include delinquency status, geography or other factors.

(c) Credit card loans and other consumer loans with no FICO score available or required generally refers to new accounts issued to borrowers with limited credit history, accounts for which we cannot obtain an updated FICO score (e.g., recent profile changes), cards issued with a business name, and/or cards secured by collateral. Management proactively assesses the risk and size of this loan portfolio and, when necessary, takes actions to mitigate the credit risk.

(d) Weighted-average updated FICO score excludes accounts with no FICO score available or required.

Troubled Debt Restructurings (TDRs)

Table 53: Summary of Troubled Debt Restructurings

In millions	June 30 2016		December 31 2015
Total commercial lending	$	588	$	434
Total consumer lending		1,860		1,917
Total TDRs	$	2,448	$	2,351
Nonperforming	$	1,240	$	1,119
Accruing (a)		1,208		1,232
Total TDRs	$	2,448	$	2,351

(a) Accruing loans include consumer credit card loans and loans that have demonstrated a period of at least six months of performance under the restructured terms and are excluded from nonperforming loans. Loans where borrowers have been discharged from personal liability through Chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to PNC and loans to borrowers not currently obligated to make both principal and interest payments under the restructured terms are not returned to accrual status.

The PNC Financial Services Group, Inc. – Form 10-Q    59

We held specific reserves in the ALLL of $.4 billion and $.3 billion at June 30, 2016 and December 31, 2015, respectively, for the total TDR portfolio.

Table 54 quantifies the number of loans that were classified as TDRs as well as the change in the loans’ recorded investment as a result of becoming a TDR during the first six months and second quarters of 2016 and 2015, respectively. Additionally, the table provides information about the types of TDR concessions. See Note 3 Asset Quality in our 2015 Form 10-K for additional discussion of TDR concessions.

Table 54: Financial Impact and TDRs by Concession Type (a)

			Pre-TDR Recorded Investment (b)		Post-TDR Recorded Investment (c)
During the three months ended June 30, 2016 Dollars in millions	Number of Loans				Principal Forgiveness (d)		Rate Reduction (e)		Other (f)		Total
Total commercial lending		30	$	204			$	42	$	141	$	183
Total consumer lending		2,670		57				38		16		54
Total TDRs		2,700	$	261			$	80	$	157	$	237
During the three months ended June 30, 2015 Dollars in millions
Total commercial lending		37	$	42	$	4	$	3	$	21	$	28
Total consumer lending		2,769		86				47		36		83
Total TDRs		2,806	$	128	$	4	$	50	$	57	$	111

Table 54: Financial Impact and TDRs by Concession Type (Continued) (a)

			Pre-TDR Recorded Investment (b)		Post-TDR Recorded Investment (c)
During the six months ended June 30, 2016 Dollars in millions	Number of Loans				Principal Forgiveness (d)		Rate Reduction (e)		Other (f)		Total
Total commercial lending		72	$	372			$	52	$	283	$	335
Total consumer lending		5,635		125				82		36		118
Total TDRs		5,707	$	497			$	134	$	319	$	453
During the six months ended June 30, 2015 Dollars in millions
Total commercial lending (d)		75	$	105	$	6	$	3	$	72	$	81
Total consumer lending		5,386		155				88		61		149
Total TDRs		5,461	$	260	$	6	$	91	$	133	$	230

(a) Impact of partial charge-offs at TDR date are included in this table.

(b) Represents the recorded investment of the loans as of the quarter end prior to TDR designation, and excludes immaterial amounts of accrued interest receivable.

(c) Represents the recorded investment of the TDRs as of the end of the quarter in which the TDR occurs, and excludes immaterial amounts of accrued interest receivable.

(d) Includes principal forgiveness and accrued interest forgiveness. These types of TDRs result in a write down of the recorded investment and a charge-off if such action has not already taken place.

(e) Includes reduced interest rate and interest deferral. The TDRs within this category result in reductions to future interest income.

(f) Primarily includes consumer borrowers that have been discharged from personal liability through Chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to PNC, as well as postponement/reduction of scheduled amortization and contractual extensions for both consumer and commercial borrowers.

After a loan is determined to be a TDR, we continue to track its performance under its most recent restructured terms. We consider a TDR to have subsequently defaulted when it becomes 60 days past due after the most recent date the loan was restructured. The recorded investment of loans that were both (i) classified as TDRs or were subsequently modified during each 12-month period preceding January 1, 2016 and January 1, 2015, respectively, and (ii) subsequently defaulted during the three months and six months ended June 30, 2016 totaled $38 million and $59 million, respectively. The comparable amounts for the three months and six months ended June 30, 2015 totaled $27 million and $45 million, respectively.

See Note 3 Asset Quality in our 2015 Form 10-K for additional discussion on TDRs.

60    The PNC Financial Services Group, Inc. – Form 10-Q

Impaired Loans

Impaired loans include commercial nonperforming loans and consumer and commercial TDRs, regardless of nonperforming status. TDRs that were previously recorded at amortized cost and are now classified and accounted for as held for sale are also included. Excluded from impaired loans are nonperforming leases, loans accounted for as held for sale other than the TDRs described in the preceding sentence, loans accounted for under the fair value option, smaller balance homogeneous type loans and purchased impaired loans. Nonperforming equipment lease financing loans of $19 million and $7 million at June 30, 2016 and December 31, 2015, respectively, are excluded from impaired loans pursuant to authoritative lease accounting guidance. We did not recognize any interest income on impaired loans that have not returned to performing status, while they were impaired during the six months ended June 30, 2016 and June 30, 2015. The following table provides further detail on impaired loans individually evaluated for impairment and the associated ALLL. Certain commercial and consumer impaired loans do not have a related ALLL as the valuation of these impaired loans exceeded the recorded investment.

Table 55: Impaired Loans

In millions	Unpaid Principal Balance		Recorded Investment		Associated Allowance (a)		Average Recorded Investment (b)
June 30, 2016
Impaired loans with an associated allowance
Commercial	$	661	$	489	$	140	$	395
Commercial real estate		200		97		27		110
Home equity		919		875		196		904
Residential real estate		246		245		31		258
Credit card		104		104		26		106
Other consumer		27		24		1		25
Total impaired loans with an associated allowance	$	2,157	$	1,834	$	421	$	1,798
Impaired loans without an associated allowance
Commercial	$	328	$	230			$	222
Commercial real estate		201		144				152
Home equity		471		215				200
Residential real estate		509		389				389
Other consumer		23		8				8
Total impaired loans without an associated allowance	$	1,532	$	986			$	971
Total impaired loans	$	3,689	$	2,820	$	421	$	2,769
December 31, 2015
Impaired loans with an associated allowance
Commercial	$	442	$	337	$	84	$	306
Commercial real estate		254		130		35		197
Home equity		978		909		216		965
Residential real estate		272		264		35		359
Credit card		108		108		24		118
Other consumer		31		26		1		32
Total impaired loans with an associated allowance	$	2,085	$	1,774	$	395	$	1,977
Impaired loans without an associated allowance
Commercial	$	201	$	118			$	87
Commercial real estate		206		158				168
Home equity		464		206				158
Residential real estate		512		396				346
Other consumer		24		8				8
Total impaired loans without an associated allowance	$	1,407	$	886			$	767
Total impaired loans	$	3,492	$	2,660	$	395	$	2,744

(a) Associated allowance amounts include $.4 billion and $.3 billion for TDRs at June 30, 2016 and December 31, 2015, respectively.

(b) Average recorded investment is for the six months ended June 30, 2016 and the year ended December 31, 2015, respectively.

The PNC Financial Services Group, Inc. – Form 10-Q    61

NOTE 4 ALLOWANCES FOR LOAN AND LEASE LOSSES AND UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT

Allowance for Loan and Lease Losses

We maintain the ALLL at levels that we believe to be appropriate to absorb estimated probable credit losses incurred in the portfolios as of the balance sheet date. We use the two main portfolio segments – Commercial Lending and Consumer Lending – and develop and document the ALLL under separate methodologies for each of these segments as discussed in Note 1 Accounting Policies of our 2015 Form 10-K. A rollforward of the ALLL and associated loan data follows.

Table 56: Rollforward of Allowance for Loan and Lease Losses and Associated Loan Data

In millions	Commercial Lending			Consumer Lending			Total
June 30, 2016
Allowance for Loan and Lease Losses
January 1	$	1,605		$	1,122		$	2,727
Charge-offs		(187	)		(262	)		(449	)
Recoveries		88			78			166
Net (charge-offs) / recoveries		(99	)		(184	)		(283	)
Provision for credit losses		153			126			279
Net change in allowance for unfunded loan commitments and letters of credit		(41	)		(1	)		(42	)
Net recoveries of purchased impaired loans					4			4
June 30	$	1,618		$	1,067		$	2,685
TDRs individually evaluated for impairment	$	103		$	254		$	357
Other loans individually evaluated for impairment		64						64
Loans collectively evaluated for impairment		1,407			532			1,939
Purchased impaired loans		44			281			325
June 30	$	1,618		$	1,067		$	2,685
Loan Portfolio
TDRs individually evaluated for impairment (a)	$	588		$	1,860		$	2,448
Other loans individually evaluated for impairment		372						372
Loans collectively evaluated for impairment (b)		135,924			66,225			202,149
Fair value option loans (c)					851			851
Purchased impaired loans		138			3,098			3,236
June 30	$	137,022		$	72,034		$	209,056
Portfolio segment ALLL as a percentage of total ALLL		60	%		40	%		100	%
Ratio of the allowance for loan and lease losses to total loans (d)		1.18	%		1.48	%		1.28	%
June 30, 2015
Allowance for Loan and Lease Losses
January 1	$	1,571		$	1,760		$	3,331
Charge-offs		(108	)		(284	)		(392	)
Recoveries		134			88			222
Net charge-offs		26			(196	)		(170	)
Provision for credit losses		20			80			100
Net change in allowance for unfunded loan commitments and letters of credit		13						13
Other		(2	)					(2	)
June 30	$	1,628		$	1,644		$	3,272
TDRs individually evaluated for impairment	$	35		$	274		$	309
Other loans individually evaluated for impairment		65						65
Loans collectively evaluated for impairment		1,461			582			2,043
Purchased impaired loans		67			788			855
June 30	$	1,628		$	1,644		$	3,272
Loan Portfolio
TDRs individually evaluated for impairment (a)	$	414		$	2,002		$	2,416
Other loans individually evaluated for impairment		282						282
Loans collectively evaluated for impairment (b)		129,791			67,258			197,049
Fair value option loans (c)					941			941
Purchased impaired loans		235			4,230			4,465
June 30	$	130,722		$	74,431		$	205,153
Portfolio segment ALLL as a percentage of total ALLL		50	%		50	%		100	%
Ratio of the allowance for loan and lease losses to total loans		1.25	%		2.21	%		1.59	%

62    The PNC Financial Services Group, Inc. – Form 10-Q

(a) TDRs individually evaluated for impairment exclude TDRs that were subsequently accounted for as held for sale loans, but continue to be disclosed as TDRs.

(b) Includes $149 million of loans collectively evaluated for impairment based upon collateral values and written down to the respective collateral value less costs to sell at June 30, 2016. Accordingly, there is no allowance recorded on these loans. The comparative amount as of June 30, 2015 was $174 million.

(c) Loans accounted for under the fair value option are not evaluated for impairment as these loans are accounted for at fair value. Accordingly, there is no allowance recorded on these loans.

(d) See Note 1 Accounting Policies in our 2015 Form 10-K for information on our change in derecognition policy effective December 31, 2015 for certain purchased impaired loans.

Allowance for Unfunded Loan Commitments and Letters of Credit

We maintain the allowance for unfunded loan commitments and letters of credit at a level we believe is appropriate to absorb estimated probable credit losses incurred on these unfunded credit facilities as of the balance sheet date as discussed in Note 1 Accounting Policies of our 2015 Form 10-K. A rollforward of the allowance is presented below.

Table 57: Rollforward of Allowance for Unfunded Loan Commitments and Letters of Credit

In millions	2016		2015
January 1	$	261	$	259
Net change in allowance for unfunded loan commitments and letters of credit		42		(13	)
June 30	$	303	$	246

The PNC Financial Services Group, Inc. – Form 10-Q    63

NOTE 5 INVESTMENT SECURITIES

Table 58: Investment Securities Summary

	Amortized		Unrealized					Fair
In millions	Cost		Gains		Losses			Value
June 30, 2016
Securities Available for Sale
Debt securities
U.S. Treasury and government agencies	$	9,794	$	323	$	(19	)	$	10,098
Residential mortgage-backed
Agency		25,216		568		(16	)		25,768
Non-agency		3,555		214		(80	)		3,689
Commercial mortgage-backed
Agency		1,740		26		(3	)		1,763
Non-agency		4,559		70		(25	)		4,604
Asset-backed		5,682		55		(40	)		5,697
State and municipal		1,984		119		(3	)		2,100
Other debt		2,616		69		(4	)		2,681
Total debt securities		55,146		1,444		(190	)		56,400
Corporate stocks and other		483		1					484
Total securities available for sale	$	55,629	$	1,445	$	(190	)	$	56,884
Securities Held to Maturity (a)
Debt securities
U.S. Treasury and government agencies	$	263	$	68				$	331
Residential mortgage-backed
Agency		10,058		245	$	(3	)		10,300
Non-agency		217		14					231
Commercial mortgage-backed
Agency		1,109		46					1,155
Non-agency		612		26					638
Asset-backed		705				(8	)		697
State and municipal		1,931		175					2,106
Other debt		22							22
Total securities held to maturity	$	14,917	$	574	$	(11	)	$	15,480
December 31, 2015
Securities Available for Sale
Debt securities
U.S. Treasury and government agencies	$	9,764	$	152	$	(42	)	$	9,874
Residential mortgage-backed
Agency		24,698		250		(128	)		24,820
Non-agency		3,992		247		(88	)		4,151
Commercial mortgage-backed
Agency		1,917		11		(10	)		1,918
Non-agency		4,902		30		(29	)		4,903
Asset-backed		5,417		54		(48	)		5,423
State and municipal		1,982		79		(5	)		2,056
Other debt		2,007		31		(12	)		2,026
Total debt securities		54,679		854		(362	)		55,171
Corporate stocks and other		590				(1	)		589
Total securities available for sale	$	55,269	$	854	$	(363	)	$	55,760

64    The PNC Financial Services Group, Inc. – Form 10-Q

	Amortized		Unrealized					Fair
In millions	Cost		Gains		Losses			Value
Securities Held to Maturity (a)
Debt securities
U.S. Treasury and government agencies	$	258	$	40				$	298
Residential mortgage-backed
Agency		9,552		101	$	(65	)		9,588
Non-agency		233		8					241
Commercial mortgage-backed
Agency		1,128		40					1,168
Non-agency		722		6		(1	)		727
Asset-backed		717				(10	)		707
State and municipal		1,954		116					2,070
Other debt		204				(1	)		203
Total securities held to maturity	$	14,768	$	311	$	(77	)	$	15,002

(a) Held to maturity securities transferred from available for sale are recorded in held to maturity at fair value at the time of transfer. The amortized cost of held to maturity securities included net unrealized gains of $84 million and $97 million at June 30, 2016 and December 31, 2015, respectively, related to securities transferred, which are offset in Accumulated Other Comprehensive Income, net of tax.

The fair value of investment securities is impacted by interest rates, credit spreads, market volatility and liquidity conditions. Net unrealized gains and losses in the securities available for sale portfolio are included in Shareholders’ equity as Accumulated other comprehensive income or loss, net of tax, unless credit-related. Securities held to maturity are carried at amortized cost. At June 30, 2016, Accumulated other comprehensive income included pretax gains of $98 million from derivatives that hedged the purchase of investment securities classified as held to maturity. The gains will be accreted into interest income as an adjustment of yield on the securities.

Table 59 presents gross unrealized losses on securities available for sale at June 30, 2016 and December 31, 2015. The securities are segregated between investments that have been in a continuous unrealized loss position for less than twelve months and twelve months or more based on the point in time that the fair value declined below the amortized cost basis. The table includes debt securities where a portion of other-than-temporary impairment (OTTI) has been recognized in Accumulated other comprehensive income (loss). The decrease in total unrealized losses at June 30, 2016 when compared to December 31, 2015 was due to a decline in market interest rates.

The PNC Financial Services Group, Inc. – Form 10-Q    65

Table 59: Gross Unrealized Loss and Fair Value of Securities Available for Sale

	Unrealized loss position less than 12 months					Unrealized loss position 12 months or more					Total
In millions	Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value
June 30, 2016
Debt securities
U.S. Treasury and government agencies	$	(6	)	$	1,030	$	(13	)	$	2,445	$	(19	)	$	3,475
Residential mortgage-backed
Agency		(3	)		662		(13	)		879		(16	)		1,541
Non-agency		(6	)		344		(74	)		1,292		(80	)		1,636
Commercial mortgage-backed
Agency		(2	)		122		(1	)		186		(3	)		308
Non-agency		(5	)		1,006		(20	)		1,169		(25	)		2,175
Asset-backed		(8	)		1,081		(32	)		1,567		(40	)		2,648
State and municipal		(3	)		239		(a	)		55		(3	)		294
Other debt		(2	)		79		(2	)		102		(4	)		181
Total debt securities		(35	)		4,563		(155	)		7,695		(190	)		12,258
Corporate stocks and other							(a	)		15		(a	)		15
Total	$	(35	)	$	4,563	$	(155	)	$	7,710	$	(190	)	$	12,273
December 31, 2015
Debt securities
U.S. Treasury and government agencies	$	(40	)	$	5,885	$	(2	)	$	120	$	(42	)	$	6,005
Residential mortgage-backed
Agency		(103	)		11,799		(25	)		1,094		(128	)		12,893
Non-agency		(3	)		368		(85	)		1,527		(88	)		1,895
Commercial mortgage-backed
Agency		(7	)		745		(3	)		120		(10	)		865
Non-agency		(22	)		2,310		(7	)		807		(29	)		3,117
Asset-backed		(30	)		3,477		(18	)		494		(48	)		3,971
State and municipal		(3	)		326		(2	)		60		(5	)		386
Other debt		(8	)		759		(4	)		188		(12	)		947
Total debt securities		(216	)		25,669		(146	)		4,410		(362	)		30,079
Corporate stocks and other		(a	)		46		(1	)		15		(1	)		61
Total	$	(216	)	$	25,715	$	(147	)	$	4,425	$	(363	)	$	30,140

(a) The unrealized loss on these securities was less than $.5 million.

The gross unrealized loss on debt securities held to maturity was $10 million at June 30, 2016, with less than $.5 million of the loss related to securities with a fair value of $.2 billion that had been in a continuous loss position less than 12 months and $10 million of the loss related to securities with a fair value of $.9 billion that had been in a continuous loss position for more than 12 months. The gross unrealized loss on debt securities held to maturity was $82 million at December 31, 2015, with $59 million of the loss related to securities with a fair value of $5.5 billion that had been in a continuous loss position less than 12 months and $23 million of the loss related to securities with a fair value of $953 million that had been in a continuous loss position for more than 12 months. For securities transferred to held to maturity from available for sale, the unrealized loss for purposes of this analysis is determined by comparing the security’s original amortized cost to its current estimated fair value.

Evaluating Investment Securities for Other-than-Temporary Impairments

For the securities in the preceding Table 59, as of June 30, 2016 we do not intend to sell and believe we will not be required to sell the securities prior to recovery of the amortized cost basis.

As more fully described in Note 6 Investment Securities in our 2015 Form 10-K, at least quarterly, we conduct a comprehensive security-level assessment on all securities. For those securities in an unrealized loss position we determine if OTTI exists. An unrealized loss exists when the current fair value of an individual security is less than its amortized cost basis. An OTTI loss must be recognized for a debt security in an unrealized loss position if we intend to sell the security or it is more likely than not we will be required to sell the security

66    The PNC Financial Services Group, Inc. – Form 10-Q

prior to recovery of its amortized cost basis. Even if we do not expect to sell the security, we must evaluate the expected cash flows to be received to determine if we believe a credit loss has occurred. In the event of a credit loss, only the amount of impairment associated with the credit loss is recognized in income. The portion of the unrealized loss relating to other factors, such as liquidity conditions in the market or changes in market interest rates, is recorded in accumulated other comprehensive income (loss). See Note 6 Investment Securities in our 2015 Form 10-K for additional details on this quarterly assessment.

For those securities on our balance sheet where we determined losses represented OTTI, we have recorded cumulative credit losses of $1.1 billion at June 30, 2016. During the first six months of 2016 and 2015, the OTTI credit losses recognized

in noninterest income and the OTTI noncredit losses recognized in accumulated other comprehensive income (loss), net of tax, on securities were not significant.

Information relating to gross realized securities gains and losses from the sales of securities is set forth in the following table.

Table 60: Gains (Losses) on Sales of Securities Available for Sale

Six months ended June 30 In millions	Proceeds		Gross Gains	Gross Losses	Net Gains	Tax Expense
2016	$	2,093	$14	$(1)	$13	$5
2015	$	2,441	$51	$(1)	$50	$17

The following table presents, by remaining contractual maturity, the amortized cost, fair value and weighted-average yield of debt securities at June 30, 2016.

Table 61: Contractual Maturity of Debt Securities

June 30, 2016 Dollars in millions	1 Year or Less			After 1 Year through 5 Years			After 5 Years through 10 Years			After 10 Years			Total
Securities Available for Sale
U.S. Treasury and government agencies	$	445		$	5,014		$	3,260		$	1,075		$	9,794
Residential mortgage-backed
Agency					129			849			24,238			25,216
Non-agency					3						3,552			3,555
Commercial mortgage-backed
Agency		6			122			282			1,330			1,740
Non-agency		50			21			8			4,480			4,559
Asset-backed		13			1,801			1,833			2,035			5,682
State and municipal		2			147			349			1,486			1,984
Other debt		272			1,910			303			131			2,616
Total debt securities available for sale	$	788		$	9,147		$	6,884		$	38,327		$	55,146
Fair value	$	794		$	9,305		$	7,033		$	39,268		$	56,400
Weighted-average yield, GAAP basis		2.44	%		2.21	%		2.31	%		2.89	%		2.70	%
Securities Held to Maturity
U.S. Treasury and government agencies										$	263		$	263
Residential mortgage-backed
Agency				$	11		$	382			9,665			10,058
Non-agency											217			217
Commercial mortgage-backed
Agency	$	157			774			121			57			1,109
Non-agency											612			612
Asset-backed					2			589			114			705
State and municipal		4			57			979			891			1,931
Other debt					22									22
Total debt securities held to maturity	$	161		$	866		$	2,071		$	11,819		$	14,917
Fair value	$	161		$	901		$	2,184		$	12,234		$	15,480
Weighted-average yield, GAAP basis		3.25	%		3.47	%		3.27	%		3.40	%		3.39	%

The PNC Financial Services Group, Inc. – Form 10-Q    67

Weighted-average yields are based on historical cost with effective yields weighted for the contractual maturity of each security. At June 30, 2016, there were no securities of a single issuer, other than FHLMC and FNMA, that exceeded 10% of Total shareholders’ equity. The FHLMC investments had a total amortized cost of $4.7 billion and fair value of $4.8 billion. The FNMA investments had a total amortized cost of $23.3 billion and fair value of $23.8 billion.

The following table presents the fair value of securities that have been either pledged to or accepted from others to collateralize outstanding borrowings.

Table 62: Fair Value of Securities Pledged and Accepted as Collateral

In millions	June 30 2016		December 31 2015
Pledged to others	$	9,699	$	9,674
Accepted from others:
Permitted by contract or custom to sell or repledge	$	1,183	$	1,100
Permitted amount repledged to others	$	1,023	$	943

The securities pledged to others include positions held in our portfolio of investment securities, trading securities, and securities accepted as collateral from others that we are permitted by contract or custom to sell or repledge, and were used to secure public and trust deposits, repurchase agreements, and for other purposes.

NOTE 6 FAIR VALUE

Fair Value Measurement

PNC measures certain financial assets and liabilities at fair value in accordance with GAAP. Fair value is defined in GAAP as the price that would be received to sell an asset or the price that would be paid to transfer a liability on the measurement date. GAAP focuses on the exit price in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. GAAP also establishes a fair value hierarchy to maximize the use of observable inputs when measuring fair value. For more information regarding the fair value hierarchy see Note 7 Fair Value in our 2015 Form 10-K.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

For more information on the valuation methodologies used to measure assets and liabilities at fair value on a recurring basis, see Note 7 Fair Value in our 2015 Form 10-K. The following table summarizes our assets and liabilities measured at fair value on a recurring basis, including instruments for which PNC has elected the fair value option.

68    The PNC Financial Services Group, Inc. – Form 10-Q

Table 63: Fair Value Measurements – Recurring Basis Summary

	June 30, 2016								December 31, 2015
In millions	Level 1		Level 2		Level 3		Total Fair Value		Level 1		Level 2		Level 3		Total Fair Value
Assets
Securities available for sale
U.S. Treasury and government agencies	$	9,483	$	615			$	10,098	$	9,267	$	607			$	9,874
Residential mortgage-backed
Agency				25,768				25,768				24,820				24,820
Non-agency				132	$	3,557		3,689				143	$	4,008		4,151
Commercial mortgage-backed
Agency				1,763				1,763				1,918				1,918
Non-agency				4,604				4,604				4,903				4,903
Asset-backed				5,261		436		5,697				4,941		482		5,423
State and municipal				2,085		15		2,100				2,041		15		2,056
Other debt				2,648		33		2,681				1,996		30		2,026
Total debt securities		9,483		42,876		4,041		56,400		9,267		41,369		4,535		55,171
Corporate stocks and other		421		63				484		527		62				589
Total securities available for sale		9,904		42,939		4,041		56,884		9,794		41,431		4,535		55,760
Financial derivatives (a) (b)
Interest rate contracts				7,761		47		7,808				4,626		29		4,655
Other contracts				415		4		419				284		2		286
Total financial derivatives				8,176		51		8,227				4,910		31		4,941
Residential mortgage loans held for sale (c)				1,110		6		1,116				838		5		843
Trading securities (d)
Debt		799		1,193		2		1,994		987		727		3		1,717
Equity		12						12		9						9
Total trading securities		811		1,193		2		2,006		996		727		3		1,726
Residential mortgage servicing rights						774		774						1,063		1,063
Commercial mortgage servicing rights						448		448						526		526
Commercial mortgage loans held for sale (c)						981		981						641		641
Equity investments – direct investments						1,120		1,120						1,098		1,098
Equity investments – indirect investments (e) (f)						233		281								347
Customer resale agreements (g)				137				137				137				137
Loans (h)				534		317		851				565		340		905
Other assets
BlackRock Series C Preferred Stock (i)						209		209						357		357
Other		254		165		6		425		254		199		7		460
Total other assets		254		165		215		634		254		199		364		817
Total assets	$	10,969	$	54,254	$	8,188	$	73,459	$	11,044	$	48,807	$	8,606	$	68,804
Liabilities
Financial derivatives (b) (j)
Interest rate contracts	$	3	$	5,455	$	11	$	5,469	$	1	$	3,124	$	7	$	3,132
BlackRock LTIP						209		209						357		357
Other contracts				225		165		390				204		109		313
Total financial derivatives		3		5,680		385		6,068		1		3,328		473		3,802
Trading securities sold short (k)
Debt		1,036		10				1,046		960		27				987
Total trading securities sold short		1,036		10				1,046		960		27				987
Other borrowed funds				62		8		70				81		12		93
Other liabilities						13		13						10		10
Total liabilities	$	1,039	$	5,752	$	406	$	7,197	$	961	$	3,436	$	495	$	4,892

(continued on following page)

The PNC Financial Services Group, Inc. – Form 10-Q    69

(continued from previous page)

(a) Included in Other assets on the Consolidated Balance Sheet.

(b) Amounts at June 30, 2016 and December 31, 2015, are presented gross and are not reduced by the impact of legally enforceable master netting agreements that allow PNC to net positive and negative positions and cash collateral held or placed with the same counterparty. At June 30, 2016 and December 31, 2015, the net asset amounts were $3.0 billion and $1.8 billion, respectively, and the net liability amounts were $.6 billion and $.6 billion, respectively.

(c) Included in Loans held for sale on the Consolidated Balance Sheet. PNC has elected the fair value option for certain residential and commercial mortgage loans held for sale.

(d) Fair value includes net unrealized gains of $79 million at June 30, 2016 compared with net unrealized gains of $23 million at December 31, 2015.

(e) In accordance with ASC 820-10, certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented on the Consolidated Balance Sheet.

(f) The indirect equity funds are not redeemable, but PNC receives distributions over the life of the partnership from liquidation of the underlying investments by the investee, which we expect to occur over the next twelve years. The amount of unfunded contractual commitments as of June 30, 2016 related to indirect equity investments was $109 million and related to direct equity investments was $22 million, respectively. Comparable amounts at December 31, 2015 were $103 million and $23 million, respectively.

(g) Included in Federal funds sold and resale agreements on the Consolidated Balance Sheet. PNC has elected the fair value option for these items.

(h) Included in Loans on the Consolidated Balance Sheet.

(i) PNC has elected the fair value option for these shares.

(j) Included in Other liabilities on the Consolidated Balance Sheet.

(k) Included in Other borrowed funds on the Consolidated Balance Sheet.

Reconciliations of assets and liabilities measured at fair value on a recurring basis using Level 3 inputs for the three and six months ended June 30, 2016 and 2015 follow:

Table 64: Reconciliation of Level 3 Assets and Liabilities

Three Months Ended June 30, 2016

			Total realized / unrealized gains or losses for the period (a)																							Unrealized gains / losses on assets and liabilities held on Consolidated Balance Sheet at June 30, 2016 (a) (b)
Level 3 Instruments Only In millions	Fair Value Mar. 31, 2016		Included in Earnings			Included in Other comprehensive income		Purchases		Sales			Issuances		Settlements			Transfers into Level 3			Transfers out of Level 3			Fair Value June 30, 2016
Assets
Securities available for sale
Residential mortgage- backed non-agency	$	3,810	$	11		$	17			$	(60	)			$	(221	)							$	3,557
Asset-backed		451		3			4									(22	)								436
State and municipal		14					1																		15
Other debt		30						$	7		(2	)				(2	)								33
Total securities available for sale		4,305		14			22		7		(62	)				(245	)								4,041
Financial derivatives		41		35					1							(26	)								51	$	32
Residential mortgage loans held for sale		4							3									$	3		$	(4	)		6
Trading securities – Debt		2																							2
Residential mortgage servicing rights		863		(113	)				53				$	12		(41	)								774		(113	)
Commercial mortgage servicing rights		460		(9	)				6					14		(23	)								448		(9	)
Commercial mortgage loans held for sale		655		21							(805	)		1,129		(19	)								981		12
Equity investments
Direct investments		1,156		15					95		(146	)													1,120		13
Indirect investments																			233	(c)					233
Loans		329		1					22		(6	)				(17	)					(12	)		317		1
Other assets
BlackRock Series C Preferred Stock		208		1																					209		1
Other		6																							6
Total other assets		214		1																					215		1
Total assets	$	8,029	$	(35	) (d)	$	22	$	187	$	(1,019	)	$	1,155	$	(371	)	$	236		$	(16	)	$	8,188	$	(63	) (e)
Liabilities
Financial derivatives (f)	$	333	$	62						$	1				$	(11	)							$	385	$	65
Other borrowed funds		8											$	17		(17	)								8
Other liabilities		14		1										34		(36	)								13
Total liabilities	$	355	$	63	(d)					$	1		$	51	$	(64	)							$	406	$	65	(e)

70    The PNC Financial Services Group, Inc. – Form 10-Q

Three Months Ended June 30, 2015

			Total realized / unrealized gains or losses for the period (a)																							Unrealized gains / losses on assets and liabilities held on Consolidated Balance Sheet at June 30, 2015 (a) (b)
Level 3 Instruments Only In millions	Fair Value Mar. 31, 2015		Included in Earnings			Included in Other comprehensive income			Purchases		Sales			Issuances		Settlements			Transfers into Level 3		Transfers out of Level 3			Fair Value June 30, 2015
Assets
Securities available for sale
Residential mortgage-backed non-agency	$	4,624	$	30		$	(8	)								$	(222	)						$	4,424
Commercial mortgage-backed non-agency				1													(1	)
Asset-backed		548		5			5										(27	)							531
State and municipal		133															(117	)							16
Other debt		33																							33
Total securities available for sale		5,338		36			(3	)									(367	)							5,004
Financial derivatives		54		16													(34	)							36	$	33
Residential mortgage loans held for sale		7							$	11	$	(2	)				(1	)	$	1	$	(6	)		10
Trading securities – Debt		3																							3
Residential mortgage servicing rights		839		135						67				$	21		(47	)							1,015		134
Commercial mortgage servicing rights		494		34						17					20		(22	)							543		34
Commercial mortgage loans held for sale		975		23								(1,215	)		1,008		(34	)							757
Equity investments - direct investments		1,149		27						95		(80	)												1,191		22
Loans		383		5						23		(4	)				(35	)		6		(13	)		365		1
Other assets
BlackRock Series C Preferred Stock		384		(21	)																				363		(21	)
Other		10										(2	)				(1	)							7
Total other assets		394		(21	)							(2	)				(1	)							370		(21	)
Total assets	$	9,636	$	255	(d)	$	(3	)	$	213	$	(1,303	)	$	1,049	$	(541	)	$	7	$	(19	)	$	9,294	$	203	(e)
Liabilities
Financial derivatives (f)	$	529	$	(15	)						$	1				$	(17	)						$	498	$	(25	)
Other borrowed funds		171		3										$	21		(30	)							165
Other liabilities		10																							10
Total liabilities	$	710	$	(12	) (d)						$	1		$	21	$	(47	)						$	673	$	(25	)(e)

(continued on following page)

The PNC Financial Services Group, Inc. – Form 10-Q    71

(continued from previous page)

Six Months Ended June 30, 2016

			Total realized / unrealized gains or losses for the period (a)																								Unrealized gains / losses on assets and liabilities held on Consolidated Balance Sheet at June 30, 2016 (a) (b)
Level 3 Instruments Only In millions	Fair Value Dec. 31, 2015		Included in Earnings			Included in Other comprehensive income			Purchases		Sales			Issuances		Settlements			Transfers into Level 3			Transfers out of Level 3			Fair Value June 30, 2016
Assets
Securities available for sale
Residential mortgage-backed non-agency	$	4,008	$	33		$	(28	)			$	(60	)			$	(396	)							$	3,557	$	(1	)
Asset-backed		482		6			(8	)									(44	)								436
State and municipal		15																								15
Other debt		30							$	9		(4	)				(2	)								33
Total securities available for sale		4,535		39			(36	)		9		(64	)				(442	)								4,041		(1	)
Financial derivatives		31		69						1							(50	)								51		65
Residential mortgage loans held for sale		5								6		(1	)						$	5		$	(9	)		6
Trading securities – Debt		3															(1	)								2
Residential mortgage servicing rights		1,063		(339	)					105				$	23		(78	)								774		(336	)
Commercial mortgage servicing rights		526		(64	)					9					23		(46	)								448		(64	)
Commercial mortgage loans held for sale		641		37								(1,454	)		1,776		(19	)								981		13
Equity investments
Direct investments		1,098		66						118		(162	)													1,120		63
Indirect investments																				233	(c)					233
Loans		340		3						55		(14	)				(42	)					(25	)		317		2
Other assets
BlackRock Series C
Preferred Stock		357		(10	)												(138	)								209		(10	)
Other		7		2			(2	)				(1	)													6
Total other assets		364		(8	)		(2	)				(1	)				(138	)								215		(10	)
Total assets	$	8,606	$	(197	)(d)	$	(38	)	$	303	$	(1,696	)	$	1,822	$	(816	)	$	238		$	(34	)	$	8,188	$	(268	)(e)
Liabilities
Financial derivatives (f)	$	473	$	69							$	3				$	(160	)							$	385	$	69
Other borrowed funds		12												$	40		(44	)								8
Other liabilities		10		1											72		(70	)								13
Total liabilities	$	495	$	70	(d)						$	3		$	112	$	(274	)							$	406	$	69	(e)

72    The PNC Financial Services Group, Inc. – Form 10-Q

Six Months Ended June 30, 2015

			Total realized / unrealized gains or losses for the period (a)																							Unrealized gains / losses on assets and liabilities held on Consolidated Balance Sheet at June 30, 2015 (a) (b)
Level 3 Instruments Only In millions	Fair Value Dec. 31, 2014		Included in Earnings			Included in Other comprehensive income			Purchases		Sales			Issuances		Settlements			Transfers into Level 3		Transfers out of Level 3			Fair Value June 30, 2015
Assets
Securities available for sale
Residential mortgage- backed non-agency	$	4,798	$	55		$	(22	)								$	(407	)						$	4,424	$	(1	)
Commercial mortgage- backed non-agency				8													(8	)
Asset-backed		563		11			9										(52	)							531
State and municipal		134					(1	)									(117	)							16
Other debt		30		1					$	3							(1	)							33
Total securities available for sale		5,525		75			(14	)		3							(585	)							5,004		(1	)
Financial derivatives		42		87						1							(94	)							36		76
Residential mortgage loans held for sale		6								17	$	(2	)				(1	)	$	2	$	(12	)		10
Trading securities - Debt		32															(29	)							3
Residential mortgage servicing rights		845		68						150				$	38		(86	)							1,015		72
Commercial mortgage servicing rights		506		18						28					34		(43	)							543		18
Commercial mortgage loans held for sale		893		44								(2,235	)		2,091		(36	)							757		2
Equity investments - direct investments		1,152		56						138		(155	)												1,191		40
Loans		397		15						55		(8	)				(72	)		11		(33	)		365		9
Other assets
BlackRock Series C
Preferred Stock		375		(12	)																				363		(12	)
Other		15										(7	)				(1	)							7
Total other assets		390		(12	)							(7	)				(1	)							370		(12	)
Total assets	$	9,788	$	351	(d)	$	(14	)	$	392	$	(2,407	)	$	2,163	$	(947	)	$	13	$	(45	)	$	9,294	$	204	(e)
Liabilities
Financial derivatives (f)	$	526	$	26							$	1				$	(55	)						$	498	$	(17	)
Other borrowed funds		181		3										$	46		(65	)							165
Other liabilities		9		1																					10
Total liabilities	$	716	$	30	(d)						$	1		$	46	$	(120	)						$	673	$	(17	)(e)

(a) Losses for assets are bracketed while losses for liabilities are not.

(b) The amount of the total gains or losses for the period included in earnings that is attributable to the change in unrealized gains or losses related to those assets and liabilities held at the end of the reporting period.

(c) Reflects transfers into Level 3 associated with a change in valuation methodology.

(d) Net losses (realized and unrealized) included in earnings relating to Level 3 assets and liabilities were $98 million for the second quarter of 2016, while for the first six months of 2016 there were $267 million of net losses (realized and unrealized) included in earnings. The comparative amounts included net gains (realized and unrealized) of $267 million for the second quarter of 2015 and net gains (realized and unrealized) of $321 million for the first six months of 2015. These amounts also included amortization and accretion. The amortization and accretion amounts were included in Interest income on the Consolidated Income Statement, and the remaining net gains/(losses) (realized and unrealized) were included in Noninterest income on the Consolidated Income Statement.

(e) Net unrealized losses relating to those assets and liabilities held at the end of the reporting period were $128 million for the second quarter of 2016, while for the first six months of 2016 there were $337 million of net unrealized losses. The comparative amounts included net unrealized gains of $228 million for the second quarter of 2015 and net unrealized gains of $221 million for the first six months of 2015. These amounts were included in Noninterest income on the Consolidated Income Statement.

(f) Includes swaps entered into in connection with sales of certain Visa Class B common shares.

An instrument’s categorization within the hierarchy is based on the lowest level of input that is significant to the fair value measurement. Changes from one quarter to the next related to the observability of inputs to a fair value measurement may result in a reclassification (transfer) of assets or liabilities between hierarchy levels. PNC’s policy is to recognize transfers in and transfers out as of the end of the reporting period.

The PNC Financial Services Group, Inc. – Form 10-Q    73

Quantitative information about the significant unobservable inputs within Level 3 recurring assets and liabilities follows.

Table 65: Fair Value Measurements – Recurring Quantitative Information

June 30, 2016

Level 3 Instruments Only Dollars in millions	Fair Value			Valuation Techniques	Unobservable Inputs	Range (Weighted Average)
Residential mortgage-backed non-agency securities	$	3,557		Priced by a third-party vendor	Constant prepayment rate (CPR)	1.0%-24.2% (7.0%)	(a	)
				using a discounted cash flow	Constant default rate (CDR)	0.0%-16.7% (5.4%)	(a	)
				pricing model (a)	Loss severity	10.0%-98.5% (53.3%)	(a	)
					Spread over the benchmark curve (b)	284bps weighted average	(a	)
Asset-backed securities		436		Priced by a third-party vendor	Constant prepayment rate (CPR)	1.0%-14.0% (6.3%)	(a	)
				using a discounted cash flow	Constant default rate (CDR)	1.7%-13.9% (6.5%)	(a	)
				pricing model (a)	Loss severity	24.2%-100% (78.1%)	(a	)
					Spread over the benchmark curve (b)	394bps weighted average	(a	)
Residential mortgage servicing rights		774		Discounted cash flow	Constant prepayment rate (CPR)	0.0%-45.3% (19.2%)
					Spread over the benchmark curve (b)	252bps-1,828bps (865bps)
Commercial mortgage servicing rights		448		Discounted cash flow	Constant prepayment rate (CPR) Discount rate	6.3%-51.5% (8.2%) 5.0%-7.6% (7.4%)
Commercial mortgage loans held for sale		981		Discounted cash flow	Spread over the benchmark curve (b) Estimated servicing cash flows	59bps-14,570bps (487bps) 0.3%-5.6% (1.9%)
Equity investments – Direct investments		1,120		Multiple of adjusted earnings	Multiple of earnings	4.5x-12.0x (7.4x)
Equity investments – Indirect investments		233		Consensus pricing (c)	Liquidity discount	0.0%-40.0%
Loans – Residential real estate		125		Consensus pricing (c)	Cumulative default rate	11.0%-100% (87.7%)
					Loss severity	0.0%-100% (24.7%)
					Discount rate	4.7%-6.7% (5.1%)
		104		Discounted cash flow	Loss severity	8.0% weighted average
					Discount rate	3.7% weighted average
Loans – Home equity		88		Consensus pricing (c)	Credit and Liquidity discount	0.0%-99.0% (57.0%)
BlackRock Series C Preferred Stock		209		Consensus pricing (c)	Liquidity discount	20.0%
BlackRock LTIP		(209	)	Consensus pricing (c)	Liquidity discount	20.0%
Swaps related to sales of certain Visa		(158	)	Discounted cash flow	Estimated conversion factor of
Class B common shares					Class B shares into Class A shares	164.3%
					Estimated growth rate of Visa
					Class A share price	14.0%
Insignificant Level 3 assets, net of
liabilities (d)		74
Total Level 3 assets, net of liabilities (e)	$	7,782

74    The PNC Financial Services Group, Inc. – Form 10-Q

December 31, 2015

Level 3 Instruments Only Dollars in millions	Fair Value			Valuation Techniques	Unobservable Inputs	Range (Weighted  Average)
Residential mortgage-backed non-agency securities	$	4,008		Priced by a third-party vendor	Constant prepayment rate (CPR)	1.0%-24.2% (7.0%)	(a)
				using a discounted cash flow	Constant default rate (CDR)	0.0%-16.7% (5.4%)	(a)
				pricing model (a)	Loss severity	10.0%-98.5% (53.3%)	(a)
					Spread over the benchmark curve (b)	241bps weighted average	(a)
Asset-backed securities		482		Priced by a third-party vendor	Constant prepayment rate (CPR)	1.0%-14.0% (6.3%)	(a)
				using a discounted cash flow	Constant default rate (CDR)	1.7%-13.9% (6.8%)	(a)
				pricing model (a)	Loss severity	24.2%-100.0% (77.5%)	(a)
					Spread over the benchmark curve (b)	324bps weighted average	(a)
Residential mortgage servicing rights		1,063		Discounted cash flow	Constant prepayment rate (CPR) Spread over the benchmark curve (b)	0.3%-46.5% (10.6%) 559bps-1,883bps (893bps)
Commercial mortgage servicing rights		526		Discounted cash flow	Constant prepayment rate (CPR)	3.9%-26.5% (5.7%)
					Discount rate	2.6%-7.7% (7.5%)
Commercial mortgage loans held for sale		641		Discounted cash flow	Spread over the benchmark curve (b)	85bps-4,270bps (547bps)
					Estimated servicing cash flows	0.0%-7.0% (0.9%)
Equity investments – Direct investments		1,098		Multiple of adjusted earnings	Multiple of earnings	4.2x-14.1x (7.6x)
Loans – Residential real estate		123		Consensus pricing (c)	Cumulative default rate	2.0%-100.0% (85.1%)
					Loss severity	0.0%-100.0% (27.3%)
					Discount rate	4.9%-7.0% (5.2%)
		116		Discounted cash flow	Loss severity	8.0% weighted average
					Discount rate	3.9% weighted average
Loans – Home equity		101		Consensus pricing (c)	Credit and Liquidity discount	26.0%-99.0% (54.0%)
BlackRock Series C Preferred Stock		357		Consensus pricing (c)	Liquidity discount	20.0%
BlackRock LTIP		(357	)	Consensus pricing (c)	Liquidity discount	20.0%
Swaps related to sales of certain		(104	)	Discounted cash flow	Estimated conversion factor of
Visa Class B common shares					Class B shares into Class A shares	164.3%
					Estimated growth rate of Visa Class
					A share price	16.3%
Insignificant Level 3 assets, net of
liabilities (d)		57
Total Level 3 assets, net of liabilities (e)	$	8,111

(a) Level 3 residential mortgage-backed non-agency and asset-backed securities with fair values as of June 30, 2016 totaling $3,018 million and $405 million, respectively, were priced by a third-party vendor using a discounted cash flow pricing model that incorporates consensus pricing, where available. The comparable amounts as of December 31, 2015 were $3,379 million and $448 million, respectively. The significant unobservable inputs for these securities were provided by the third-party vendor and are disclosed in the table. Our procedures to validate the prices provided by the third-party vendor related to these securities are discussed further in the Assets and Liabilities Measured at Fair Value on a Recurring Basis section of Note 7 Fair Value in our 2015 Form 10-K. Certain Level 3 residential mortgage-backed non-agency and asset-backed securities with fair values as of June 30, 2016 of $539 million and $31 million, respectively, were valued using a pricing source, such as a dealer quote or comparable security price, for which the significant unobservable inputs used to determine the price were not reasonably available. The comparable amounts as of December 31, 2015 were $629 million and $34 million, respectively.

(b) The assumed yield spread over the benchmark curve for each instrument is generally intended to incorporate non-interest-rate risks, such as credit and liquidity risks.

(c) Consensus pricing refers to fair value estimates that are generally internally developed using information such as dealer quotes or other third-party provided valuations or comparable asset prices.

(d) Represents the aggregate amount of Level 3 assets and liabilities measured at fair value on a recurring basis that are individually and in the aggregate insignificant. The amount includes certain financial derivative assets and liabilities, trading securities, state and municipal securities, other debt securities, residential mortgage loans held for sale, other assets, other borrowed funds (ROAPs) and other liabilities. For additional information, please see the Assets and Liabilities Measured at Fair Value on a Recurring Basis discussion included in Note 7 Fair Value in our 2015 Form 10-K.

(e) Consisted of total Level 3 assets of $8,188 million and total Level 3 liabilities of $406 million as of June 30, 2016 and $8,606 million and $495 million as of December 31, 2015, respectively.

Financial Assets Accounted for at Fair Value on a Nonrecurring Basis

We may be required to measure certain financial assets at fair value on a nonrecurring basis. These adjustments to fair value usually result from the application of lower of amortized cost or fair value accounting or write-downs of individual assets due to impairment and are included in Table 66 and Table 67. For more information regarding the valuation methodologies of our financial assets measured at fair value on a nonrecurring basis, see Note 7 Fair Value in our 2015 Form 10-K.

The PNC Financial Services Group, Inc. – Form 10-Q    75

Table 66: Fair Value Measurements – Nonrecurring

	Fair Value (a)				Gains (Losses) Three months ended		Gains (Losses) Six months ended
In millions	June 30 2016		December 31 2015		June 30 2016	June 30 2015	June 30 2016	June 30 2015
Assets
Nonaccrual loans	$	184	$	30	$(51)	$(15)	$(58)	$(15)
OREO and foreclosed assets		103		137	(6)	(12)	(12)	(18)
Insignificant assets (b)		7		28	(1)	(5)	(4)	(13)
Total assets	$	294	$	195	$(58)	$(32)	$(74)	$(46)

(a) All Level 3 as of June 30, 2016 and December 31, 2015.

(b) Represents the aggregate amount of assets measured at fair value on a nonrecurring basis that are individually and in the aggregate insignificant. The amount includes certain equity investments and long-lived assets held for sale.

Quantitative information about the significant unobservable inputs within Level 3 nonrecurring assets follows.

Table 67: Fair Value Measurements – Nonrecurring Quantitative Information

Level 3 Instruments Only Dollars in millions	Fair Value		Valuation Techniques	Unobservable Inputs	Range (Weighted Average)
June 30, 2016
Assets
Nonaccrual loans		$  82	LGD percentage (a)	Loss severity	3.2%-70.1% (32.2%)
		102	Fair value of property or collateral	Appraised value/sales price	Not meaningful
OREO and foreclosed assets		103	Fair value of property or collateral	Appraised value/sales price	Not meaningful
Insignificant assets		7
Total assets		$294
December 31, 2015
Assets
Nonaccrual loans		$  20	LGD percentage (a)	Loss severity	8.1%-73.3% (58.6%)
		10	Fair value of property or collateral	Appraised value/sales price	Not meaningful
OREO and foreclosed assets		137	Fair value of property or collateral	Appraised value/sales price	Not meaningful
Insignificant assets		28
Total assets		$195

(a) LGD percentage represents the amount that PNC expects to lose in the event a borrower defaults on an obligation.

Financial Instruments Accounted For Under Fair Value Option

We elect the fair value option to account for certain financial instruments. For more information on these financial instruments for which the fair value option election has been made, please refer to Note 7 Fair Value in our 2015 Form 10-K.

Table 68: Fair Value Option—Changes in Fair Value (a)

	Gains (Losses) Three months ended						Gains (Losses) Six months ended
In millions	June 30 2016			June 30 2015			June 30 2016			June 30 2015
Assets
Commercial mortgage loans held for sale	$	22		$	31		$	49		$	56
Residential mortgage loans held for sale	$	59		$	25		$	106		$	71
Residential mortgage loans – portfolio	$	11		$	13		$	17		$	29
BlackRock Series C Preferred Stock	$	1		$	(21	)	$	(10	)	$	(12	)
Other assets	$	(4	)	$	1		$	(20	)	$	2
Liabilities
Other borrowed funds				$	(2	)				$	(2	)

(a) The impact on earnings of offsetting hedged items or hedging instruments is not reflected in these amounts.

76    The PNC Financial Services Group, Inc. – Form 10-Q

Fair values and aggregate unpaid principal balances of items for which we elected the fair value option follow.

Table 69: Fair Value Option – Fair Value and Principal Balances

In millions	Fair Value		Aggregate Unpaid Principal Balance		Difference
June 30, 2016
Assets
Customer resale agreements	$	137	$	133	$	4
Residential mortgage loans held for sale
Performing loans		1,104		1,052		52
Accruing loans 90 days or more past due		3		3
Nonaccrual loans		9		9
Total		1,116		1,064		52
Commercial mortgage loans held for sale (a)
Performing loans		978		980		(2	)
Nonaccrual loans		3		5		(2	)
Total		981		985		(4	)
Residential mortgage loans – portfolio
Performing loans		234		282		(48	)
Accruing loans 90 days or more past due		402		402
Nonaccrual loans		215		349		(134	)
Total		851		1,033		(182	)
Other assets		140		148		(8	)
Liabilities
Other borrowed funds	$	70	$	71	$	(1	)
December 31, 2015
Assets
Customer resale agreements	$	137	$	133	$	4
Residential mortgage loans held for sale
Performing loans		832		804		28
Accruing loans 90 days or more past due		4		4
Nonaccrual loans		7		8		(1	)
Total		843		816		27
Commercial mortgage loans held for sale (a)
Performing loans		639		659		(20	)
Nonaccrual loans		2		3		(1	)
Total		641		662		(21	)
Residential mortgage loans—portfolio
Performing loans		204		260		(56	)
Accruing loans 90 days or more past due		475		478		(3	)
Nonaccrual loans		226		361		(135	)
Total		905		1,099		(194	)
Other assets		164		159		5
Liabilities
Other borrowed funds	$	93	$	95	$	(2	)

(a) There were no accruing loans 90 days or more past due within this category at June 30, 2016 or December 31, 2015.

The PNC Financial Services Group, Inc. – Form 10-Q    77

Additional Fair Value Information Related to Other Financial Instruments

The following table presents the carrying amounts and estimated fair values, including the level within the fair value hierarchy, of all other financial instruments that are not measured on the consolidated financial statements at fair value as of June 30, 2016 and December 31, 2015.

Table 70: Additional Fair Value Information Related to Other Financial Instruments

	Carrying Amount		Fair Value
In millions			Total		Level 1		Level 2		Level 3
June 30, 2016
Assets
Cash and due from banks	$	4,196	$	4,196	$	4,196
Short-term assets		29,532		29,532			$	29,532
Securities held to maturity		14,917		15,480		331		15,143	$	6
Loans held for sale		199		200				159		41
Net loans (excludes leases)		197,887		201,083						201,083
Other assets		1,711		2,139				1,709		430	(a)
Total assets	$	248,442	$	252,630	$	4,527	$	46,543	$	201,560
Liabilities
Demand, savings and money market deposits	$	230,727	$	230,727			$	230,727
Time deposits		19,051		19,180				19,180
Borrowed funds		53,736		54,584				53,138	$	1,446
Unfunded loan commitments and letters of credit		286		286						286
Other liabilities		47		47				47
Total liabilities	$	303,847	$	304,824			$	303,092	$	1,732
December 31, 2015
Assets
Cash and due from banks	$	4,065	$	4,065	$	4,065
Short-term assets		32,959		32,959			$	32,959
Securities held to maturity		14,768		15,002		298		14,698	$	6
Loans held for sale		56		56				22		34
Net loans (excludes leases)		195,579		197,611						197,611
Other assets		1,817		2,408				1,786		622	(a)
Total assets	$	249,244	$	252,101	$	4,363	$	49,465	$	198,273
Liabilities
Demand, savings and money market deposits	$	228,492	$	228,492			$	228,492
Time deposits		20,510		20,471				20,471
Borrowed funds		53,761		54,002				52,578	$	1,424
Unfunded loan commitments and letters of credit		245		245						245
Total liabilities	$	303,008	$	303,210			$	301,541	$	1,669

(a) Represents estimated fair value of Visa Class B common shares, which was estimated solely based upon the June 30, 2016 and December 31, 2015 closing price for the Visa Class A common shares, respectively, and the Visa Class B common share conversion rate, which reflects adjustments in respect of all litigation funding by Visa as of that date. The transfer restrictions on the Visa Class B common shares could impact the aforementioned estimate, until they can be converted to Class A common shares. See Note 21 Commitments and Guarantees in our 2015 Form 10-K for additional information.

The aggregate fair values in the preceding table represent only a portion of the total market value of PNC’s assets and liabilities as, in accordance with the guidance related to fair values of financial instruments, Table 70 excludes the following:

• financial instruments recorded at fair value on a recurring basis,

• real and personal property,

• lease financing,

• loan customer relationships,

• deposit customer intangibles,

• mortgage servicing rights,

• retail branch networks,

• fee-based businesses, such as asset management and brokerage, and

• trademarks and brand names.

78    The PNC Financial Services Group, Inc. – Form 10-Q

For more information regarding the methods and assumptions used to estimate the fair values of financial instruments included in Table 70, see Note 7 Fair Value in our 2015 Form 10-K.

NOTE 7 GOODWILL AND INTANGIBLE ASSETS

Goodwill

See Note 8 Goodwill and Intangible Assets of our 2015 Form 10-K for more information regarding our goodwill.

Mortgage Servicing Rights

We recognize the right to service mortgage loans for others as an intangible asset. MSRs are purchased or originated when loans are sold with servicing retained. MSRs totaled $1.2 billion and $1.6 billion at June 30, 2016 and December 31, 2015, respectively, and consisted of loan servicing contracts for commercial and residential mortgages measured at fair value.

MSRs are subject to declines in value from actual or expected prepayment of the underlying loans and defaults as well as market driven changes in interest rates. We manage this risk by economically hedging the fair value of MSRs with securities and derivative instruments which are expected to increase (or decrease) in value when the value of MSRs decreases (or increases).

See the Sensitivity Analysis section of this Note 7, as well as Note 6 Fair Value for more detail on our fair value measurement of MSRs. Refer to Note 8 Goodwill and Intangible Assets in our 2015 Form 10-K for more information on our accounting and measurement of MSRs.

Changes in the commercial and residential MSRs follow:

Table 71: Mortgage Servicing Rights

	Commercial MSRs						Residential MSRs
In millions	2016			2015			2016			2015
January 1	$	526		$	506		$	1,063		$	845
Additions:
From loans sold with servicing retained		23			34			23			38
Purchases		9			28			105			150
Changes in fair value due to:
Time and payoffs (a)		(46	)		(43	)		(78	)		(86	)
Other (b)		(64	)		18			(339	)		68
June 30	$	448		$	543		$	774		$	1,015
Related unpaid principal balance at June 30	$	142,968		$	144,416		$	126,172		$	115,454
Servicing advances at June 30	$	244		$	271		$	335		$	463

(a) Represents decrease in MSR value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period.

(b) Represents MSR value changes resulting primarily from market-driven changes in interest rates.

Sensitivity Analysis

The fair value of commercial and residential MSRs and significant inputs to the valuation models as of June 30, 2016 are shown in the tables below. The expected and actual rates of mortgage loan prepayments are significant factors driving the fair value. Management uses both internal proprietary models and a third-party model to estimate future commercial mortgage loan prepayments and a third-party model to estimate future residential mortgage loan prepayments. These models have been refined based on current market conditions and management judgment. Future interest rates are another important factor in the valuation of MSRs. Management utilizes market implied forward interest rates to estimate the future direction of mortgage and discount rates. The forward rates utilized are derived from the current yield curve for U.S. dollar interest rate swaps and are

consistent with pricing of capital markets instruments. Changes in the shape and slope of the forward curve in future periods may result in volatility in the fair value estimate.

A sensitivity analysis of the hypothetical effect on the fair value of MSRs to adverse changes in key assumptions is presented below. These sensitivities do not include the impact of the related hedging activities. Changes in fair value generally cannot be extrapolated because the relationship of the change in the assumption to the change in fair value may not be linear. Also, the effect of a variation in a particular assumption on the fair value of the MSRs is calculated independently without changing any other assumption. In reality, changes in one factor may result in changes in another (for example, changes in mortgage interest rates, which drive

The PNC Financial Services Group, Inc. – Form 10-Q    79

changes in prepayment rate estimates, could result in changes in the interest rate spread), which could either magnify or counteract the sensitivities.

The following tables set forth the fair value of commercial and residential MSRs and the sensitivity analysis of the hypothetical effect on the fair value of MSRs to immediate adverse changes of 10% and 20% in those assumptions:

Table 72: Commercial Mortgage Loan Servicing Rights – Key Valuation Assumptions

Dollars in millions	June 30 2016			December 31 2015
Fair value	$	448		$	526
Weighted-average life (years)		4.5			4.7
Weighted-average constant prepayment rate		8.19	%		5.71	%
Decline in fair value from 10% adverse change	$	10		$	10
Decline in fair value from 20% adverse change	$	19		$	19
Effective discount rate		7.44	%		7.49	%
Decline in fair value from 10% adverse change	$	12		$	14
Decline in fair value from 20% adverse change	$	24		$	29

Table 73: Residential Mortgage Loan Servicing Rights – Key Valuation Assumptions

Dollars in millions	June 30 2016			December 31 2015
Fair value	$	774		$	1,063
Weighted-average life (years)		4.1			6.3
Weighted-average constant prepayment rate		19.19	%		10.61	%
Decline in fair value from 10% adverse change	$	50		$	44
Decline in fair value from 20% adverse change	$	95		$	85
Weighted-average option adjusted spread		865bps			893bps
Decline in fair value from 10% adverse change	$	23		$	34
Decline in fair value from 20% adverse change	$	44		$	67

Fees from mortgage loan servicing, which includes contractually specified servicing fees, late fees and ancillary fees were $.1 billion for both the three months ended June 30, 2016 and 2015 and $.3 billion and $.2 billion for the six months ended June 30, 2016 and 2015, respectively. We also generate servicing fees from fee-based activities provided to others for which we do not have an associated servicing asset. Fees from commercial and residential MSRs are reported on our Consolidated Income Statement in the line items Corporate services and Residential mortgage, respectively.

Other Intangible Assets

Other intangible assets consist primarily of core deposit intangibles, customer lists and non-compete agreements. See Note 8 Goodwill and Intangible Assets of our 2015 Form 10-K for more information regarding our other intangible assets.

NOTE 8 EMPLOYEE BENEFIT PLANS

Pension And Postretirement Plans

As described in Note 12 Employee Benefit Plans in our 2015 Form 10-K, we have a noncontributory, qualified defined benefit pension plan covering eligible employees. Benefits are determined using a cash balance formula where earnings credits are a percentage of eligible compensation. Any pension contributions to the plan are based on an actuarially determined amount necessary to fund total benefits payable to plan participants.

We also maintain nonqualified supplemental retirement plans for certain employees and provide certain health care and life insurance benefits for qualifying retired employees (postretirement benefits) through various plans. PNC reserves the right to terminate or make changes to these plans at any time. The nonqualified pension is unfunded.

The components of our net periodic pension and postretirement benefit cost for the three and six months ended June 30, 2016 and 2015, respectively, were as follows:

80    The PNC Financial Services Group, Inc. – Form 10-Q

Table 74: Net Periodic Pension and Postretirement Benefit Costs

	Qualified Pension Plan						Nonqualified Retirement Plans				Postretirement Benefits
Three months ended June 30 In millions	2016			2015			2016		2015		2016			2015
Net periodic cost consists of:
Service cost	$	25		$	26		$	1	$	1	$	2		$	2
Interest cost		47			45			3		3		3			3
Expected return on plan assets		(71	)		(74	)						(1	)
Amortization of prior service credit		(1	)		(2	)						(1	)
Amortization of actuarial losses		11			8			1		1
Net periodic cost/(benefit)	$	11		$	3		$	5	$	5	$	3		$	5

	Qualified Pension Plan						Nonqualified Retirement Plans				Postretirement Benefits
Six months ended June 30 In millions	2016			2015			2016		2015		2016			2015
Net periodic cost consists of:
Service cost	$	51		$	53		$	1	$	1	$	3		$	3
Interest cost		93			89			6		6		7			7
Expected return on plan assets		(141	)		(148	)						(2	)
Amortization of prior service credit		(3	)		(4	)						(1	)
Amortization of actuarial losses		22			15			2		3
Net periodic cost/(benefit)	$	22		$	5		$	9	$	10	$	7		$	10

NOTE 9 FINANCIAL DERIVATIVES

We use derivative financial instruments (derivatives) primarily to help manage exposure to interest rate, market and credit risk and reduce the effects that changes in interest rates may have on net income, the fair value of assets and liabilities, and cash flows. We also enter into derivatives with customers to facilitate their risk management activities. Derivatives represent contracts between parties that usually require little or no initial net investment and result in one party delivering cash or another type of asset to the other party based on a notional amount and an underlying as specified in the contract.

For more information regarding derivatives see Note 1 Accounting Policies and Note 14 Financial Derivatives in our Notes To Consolidated Financial Statements under Item 8 of our 2015 Form 10-K.

The following table presents the notional amounts and gross fair values of all derivative assets and liabilities held by PNC:

Table 75: Total Gross Derivatives

	June 30, 2016						December 31, 2015
In millions	Notional/ Contract Amount		Asset Fair Value (a)		Liability Fair Value (b)		Notional/ Contract Amount		Asset Fair Value (a)		Liability Fair Value (b)
Derivatives designated as hedging instruments under GAAP	$	53,982	$	2,011	$	351	$	52,074	$	1,159	$	174
Derivatives not designated as hedging instruments under GAAP		302,743		6,216		5,717		295,902		3,782		3,628
Total gross derivatives	$	356,725	$	8,227	$	6,068	$	347,976	$	4,941	$	3,802

(a) Included in Other assets on our Consolidated Balance Sheet.

(b) Included in Other liabilities on our Consolidated Balance Sheet.

All derivatives are carried on our Consolidated Balance Sheet at fair value. Derivative balances are presented on the Consolidated Balance Sheet on a net basis taking into consideration the effects of legally enforceable master netting agreements and, when appropriate, any related cash collateral exchanged with counterparties. Further discussion regarding the offsetting rights associated with these legally enforceable master netting agreements is included in the Offsetting, Counterparty Credit Risk, and Contingent Features section below. Any nonperformance risk, including credit risk, is included in the determination of the estimated net fair value of the derivatives.

Derivatives Designated As Hedging Instruments under GAAP

Certain derivatives used to manage interest rate and foreign exchange risk as part of our asset and liability risk management activities are designated as accounting hedges under GAAP. Derivatives hedging the risks associated with changes in the fair value of assets or liabilities are considered fair value hedges, derivatives hedging the variability of expected future cash flows are considered cash flow

The PNC Financial Services Group, Inc. – Form 10-Q    81

hedges, and derivatives hedging a net investment in a foreign subsidiary are considered net investment hedges. Designating derivatives as accounting hedges allows for gains and losses on those derivatives, to the extent effective, to be recognized in the income statement in the same period the hedged items affect earnings.

Further detail regarding the notional amounts and fair values related to derivatives designated in hedge relationships is presented in the following table:

Table 76: Derivatives Designated As Hedging Instruments under GAAP

	June 30, 2016						December 31, 2015
In millions	Notional/ Contract Amount		Asset Fair Value (a)		Liability Fair Value (b)		Notional/ Contract Amount		Asset Fair Value (a)		Liability Fair Value (b)
Interest rate contracts:
Fair value hedges:
Receive-fixed swaps	$	27,692	$	1,234			$	25,756	$	699	$	18
Pay-fixed swaps (c)		5,502			$	351		5,934		13		153
Subtotal		33,194		1,234		351		31,690		712		171
Cash flow hedges:
Receive-fixed swaps		16,871		604				17,879		412		2
Forward purchase commitments		2,900		34				1,400		4		1
Subtotal		19,771		638				19,279		416		3
Foreign exchange contracts:
Net investment hedges		1,017		139				1,105		31
Total derivatives designated as hedging instruments	$	53,982	$	2,011	$	351	$	52,074	$	1,159	$	174

(a) Included in Other assets on our Consolidated Balance Sheet.

(b) Included in Other liabilities on our Consolidated Balance Sheet.

(c) Includes zero-coupon swaps.

Fair Value Hedges

We enter into receive-fixed, pay-variable interest rate swaps to hedge changes in the fair value of outstanding fixed-rate debt caused by fluctuations in market interest rates. We also enter into pay-fixed, receive-variable interest rate swaps and zero-coupon swaps to hedge changes in the fair value of fixed rate and zero-coupon investment securities caused by fluctuations in market interest rates. For these hedge relationships, we use statistical regression analysis to assess hedge effectiveness at both the inception of the hedge relationship and on an ongoing basis. There were no components of derivative gains or losses excluded from the assessment of hedge effectiveness.

Further detail regarding gains (losses) on fair value hedge derivatives and related hedged items is presented in the following table:

Table 77: Gains (Losses) on Derivatives and Related Hedged Items – Fair Value Hedges (a)

			Three months ended												Six months ended
			June 30, 2016						June 30, 2015						June 30, 2016						June 30, 2015
In millions	Hedged Items	Location	Gain (Loss) on Derivatives Recognized in Income			Gain (Loss) on Related Hedged Items Recognized in Income			Gain (Loss) on Derivatives Recognized in Income			Gain (Loss) on Related Hedged Items Recognized in Income			Gain (Loss) on Derivatives Recognized in Income			Gain (Loss) on Related Hedged Items Recognized in Income			Gain (Loss) on Derivatives Recognized in Income			Gain (Loss) on Related Hedged Items Recognized in Income
Interest rate contracts	U.S. Treasury and Government Agencies and Other Debt Securities	Investment securities (interest income)	$	(55	)	$	56		$	64		$	(66	)	$	(209	)	$	214		$	12		$	(12	)
Interest rate contracts	Subordinated Debt and Bank Notes and Senior Debt	Borrowed funds (interest expense)		155			(168	)		(264	)		259			562			(600	)		(107	)		87
Total (a)			$	100		$	(112	)	$	(200	)	$	193		$	353		$	(386	)	$	(95	)	$	75

(a) The difference between the gains (losses) recognized in income on derivatives and their related hedged items represents the ineffective portion of the change in value of our fair value hedge derivatives.

82    The PNC Financial Services Group, Inc. – Form 10-Q

Cash Flow Hedges

We enter into receive-fixed, pay-variable interest rate swaps to modify the interest rate characteristics of designated commercial loans from variable to fixed in order to reduce the impact of changes in future cash flows due to market interest rate changes. For these cash flow hedges, any changes in the fair value of the derivatives that are effective in offsetting changes in the forecasted interest cash flows are recorded in Accumulated other comprehensive income and are reclassified to interest income in conjunction with the recognition of interest received on the loans. In the 12 months that follow June 30, 2016, we expect to reclassify from the amount currently reported in Accumulated other comprehensive income, net derivative gains of $216 million pretax, or $140 million after-tax, in association with interest received on the hedged loans. This amount could differ from amounts actually recognized due to changes in interest rates, hedge de-designations, and the addition of other hedges subsequent to June 30, 2016. The maximum length of time over which forecasted loan cash flows are hedged is 6 years. We use statistical regression analysis to assess the effectiveness of these hedge relationships at both the inception of the hedge relationship and on an ongoing basis.

We also periodically enter into forward purchase and sale contracts to hedge the variability of the consideration that will be paid or received related to the purchase or sale of investment securities. The forecasted purchase or sale is consummated upon gross settlement of the forward contract itself. As a result, hedge ineffectiveness, if any, is typically minimal. Gains and losses on these forward contracts are recorded in Accumulated other comprehensive income and are recognized in earnings when the hedged cash flows affect earnings. In the 12 months that follow June 30, 2016, we expect to reclassify from the amount currently reported in Accumulated other comprehensive income, net derivative gains of $65 million pretax, or $42 million after-tax, as adjustments of yield on investment securities. As of June 30, 2016, the maximum length of time over which forecasted purchase contracts are hedged is 3 months.

There were no components of derivative gains or losses excluded from the assessment of hedge effectiveness related to either cash flow hedge strategy.

During the first six months of 2016 and 2015, there were no gains or losses from cash flow hedge derivatives reclassified to earnings because it became probable that the original forecasted transaction would not occur.

Further detail regarding gains (losses) on derivatives and related cash flows is presented in the following table:

Table 78: Gains (Losses) on Derivatives and Related Cash Flows – Cash Flow Hedges (a) (b)

	Three months ended June 30						Six months ended June 30
In millions	2016			2015			2016			2015
Gains (losses) on derivatives recognized in OCI – (effective portion)	$	126		$	(102	)	$	391		$	196
Less: Gains (losses) reclassified from accumulated OCI into income – (effective portion)
Interest income		64			72			129			140
Noninterest income		(1	)		(4	)		(1	)		(13	)
Total gains (losses) reclassified from accumulated OCI into income – (effective portion)	$	63		$	68		$	128		$	127
Net unrealized gains (losses) on cash flow hedge derivatives	$	63		$	(170	)	$	263		$	69

(a) All cash flow hedge derivatives are interest rate contracts as of June 30, 2016 and June 30, 2015.

(b) The amount of cash flow hedge ineffectiveness recognized in income was not significant for the periods presented.

Net Investment Hedges

We enter into foreign currency forward contracts to hedge non-U.S. Dollar (USD) net investments in foreign subsidiaries against adverse changes in foreign exchange rates. We assess whether the hedging relationship is highly effective in achieving offsetting changes in the value of the hedge and hedged item by qualitatively verifying that the critical terms of the hedge and hedged item match at the inception of the hedging relationship and on an ongoing basis. Net investment hedge derivatives are classified as foreign exchange contracts. There were no components of derivative gains or losses excluded from the assessment of the hedge effectiveness. During the first six months of 2016 and 2015, there was no net investment hedge ineffectiveness. Gains (losses) on net investment hedge derivatives recognized in OCI was net gains

of $80 million for the three months ended June 30, 2016 and net gains of $109 million for the six months ended June 30, 2016 compared with net losses of $65 million for the three months ended June 30, 2015 and net losses of $11 million for the six months ended June 30, 2015.

Derivatives Not Designated As Hedging Instruments under GAAP

We also enter into derivatives that are not designated as accounting hedges under GAAP.

For additional information on derivatives not designated as hedging instruments under GAAP see Note 14 Financial Derivatives in our 2015 Form 10-K.

The PNC Financial Services Group, Inc. – Form 10-Q    83

Further detail regarding the notional amounts and fair values related to derivatives not designated in hedge relationships is presented in the following table:

Table 79: Derivatives Not Designated As Hedging Instruments under GAAP

	June 30, 2016						December 31, 2015
In millions	Notional / Contract Amount		Asset Fair Value (a)		Liability Fair Value (b)		Notional / Contract Amount		Asset Fair Value (a)		Liability Fair Value (b)
Derivatives used for residential mortgage banking activities:
Residential mortgage servicing
Interest rate contracts:
Swaps	$	37,741	$	1,514	$	1,003	$	37,505	$	758	$	416
Swaptions		584		17		7		650		27		14
Futures (c)		12,935						17,653
Futures options		14,000				3		6,000				1
Mortgage-backed securities commitments		3,765		36		3		3,920		4		8
Subtotal		69,025		1,567		1,016		65,728		789		439
Loan sales
Interest rate contracts:
Futures (c)		15						20
Bond options		150						200		2
Mortgage-backed securities commitments		5,680		17		37		6,363		16		8
Residential mortgage loan commitments		2,188		30				1,580		16
Subtotal		8,033		47		37		8,163		34		8
Subtotal	$	77,058	$	1,614	$	1,053	$	73,891	$	823	$	447
Derivatives used for commercial mortgage banking activities:
Interest rate contracts:
Swaps	$	4,186	$	156	$	73	$	3,945	$	77	$	46
Swaptions								439
Futures (c)		4,449						18,454
Commercial mortgage loan commitments		1,878		15		8		1,176		11		6
Subtotal		10,513		171		81		24,014		88		52
Credit contracts		44						77
Subtotal	$	10,557	$	171	$	81	$	24,091	$	88	$	52
Derivatives used for customer-related activities:
Interest rate contracts:
Swaps	$	169,547	$	3,936	$	3,952	$	157,041	$	2,507	$	2,433
Caps/floors – Sold		5,169				6		5,337				11
Caps/floors – Purchased		6,635		21				6,383		18
Swaptions		5,154		185		13		4,363		86		13
Futures (c)		2,204						1,673
Futures options		292		5		5
Mortgage-backed securities commitments		2,375		5		8		1,910		5		2
Subtotal		191,376		4,152		3,984		176,707		2,616		2,459
Foreign exchange contracts		11,734		192		202		10,888		194		198
Credit contracts		6,284		4		7		5,026		2		4
Subtotal	$	209,394	$	4,348	$	4,193	$	192,621	$	2,812	$	2,661
Derivatives used for other risk management activities:
Foreign exchange contracts	$	3,158	$	83	$	23	$	2,742	$	59	$	6
Other contracts (d)		2,576				367		2,557				462
Subtotal	$	5,734	$	83	$	390	$	5,299	$	59	$	468
Total derivatives not designated as hedging instruments	$	302,743	$	6,216	$	5,717	$	295,902	$	3,782	$	3,628

(a) Included in Other assets on our Consolidated Balance Sheet.

(b) Included in Other liabilities on our Consolidated Balance Sheet.

(c) Futures contracts settle in cash daily and, therefore, no derivative asset or derivative liability is recognized on our Consolidated Balance Sheet.

(d) Includes PNC’s obligation to fund a portion of certain BlackRock LTIP programs and the swaps entered into in connection with sales of a portion of Visa Class B common shares.

84    The PNC Financial Services Group, Inc. – Form 10-Q

Further detail regarding the gains (losses) on derivatives not designated in hedging relationships is presented in the following table:

Table 80: Gains (Losses) on Derivatives Not Designated As Hedging Instruments under GAAP

	Three months ended June 30						Six months ended June 30
In millions	2016			2015			2016			2015
Derivatives used for residential mortgage banking activities:
Residential mortgage servicing
Interest rate contracts	$	141		$	(83	)	$	336		$	15
Loan sales
Interest rate contracts		4			47			(3	)		68
Gains (losses) included in residential mortgage banking activities (a)	$	145		$	(36	)	$	333		$	83
Derivatives used for commercial mortgage banking activities:
Interest rate contracts (b) (c)	$	27		$	(25	)	$	80		$	5
Credit contracts (c)					1
Gains (losses) from commercial mortgage banking activities	$	27		$	(24	)	$	80		$	5
Derivatives used for customer-related activities:
Interest rate contracts	$	1		$	30		$	(3	)	$	34
Foreign exchange contracts		17			32			46			33
Gains (losses) from customer-related activities (c)	$	18		$	62		$	43		$	67
Derivatives used for other risk management activities:
Interest rate contracts				$	1					$	1
Foreign exchange contracts	$	66			(69	)	$	(29	)		114
Other contracts (d)		(62	)		14			(66	)		7
Gains (losses) from other risk management activities (c)	$	4		$	(54	)	$	(95	)	$	122
Total gains (losses) from derivatives not designated as hedging instruments	$	194		$	(52	)	$	361		$	277

(a) Included in Residential mortgage noninterest income.

(b) Included in Corporate services noninterest income.

(c) Included in Other noninterest income.

(d) Includes BlackRock LTIP funding obligation and the swaps entered into in connection with sales of a portion of Visa Class B common shares.

Credit Derivatives – Risk Participation Agreements

We have entered into risk participation agreements to share some of the credit exposure with other counterparties related to interest rate derivative contracts or to take on credit exposure to generate revenue. The notional amount of risk participation agreements sold was $3.7 billion at June 30, 2016 and $2.5 billion at December 31, 2015. Assuming all underlying third party customers referenced in the swap contracts defaulted at June 30, 2016, the exposure from these agreements would be $202 million based on the fair value of the underlying swaps, compared with $122 million at December 31, 2015.

Offsetting, Counterparty Credit Risk, and Contingent Features

We, generally, utilize a net presentation on the Consolidated Balance Sheet for those derivative financial instruments entered into with counterparties under legally enforceable master netting agreements. The master netting agreements reduce credit risk by permitting the closeout netting of all outstanding derivative instruments under the master netting agreement with the same counterparty upon the occurrence of an event of default. The master netting agreement also may require the exchange of cash or marketable securities to collateralize either party’s net position.

For additional information on derivative offsetting, counterparty credit risk, and contingent features see Note 14 Financial Derivatives in our 2015 Form 10-K. Refer to Note 13 Commitments and Guarantees in this Report for additional information related to resale and repurchase agreements offsetting.

The PNC Financial Services Group, Inc. – Form 10-Q    85

The following derivative Table 81 shows the impact legally enforceable master netting agreements had on our derivative assets and derivative liabilities as of June 30, 2016 and December 31, 2015. The table includes cash collateral held or pledged under legally enforceable master netting agreements. The table also includes the fair value of any securities collateral held or pledged under legally enforceable master netting agreements. Cash and securities collateral amounts are included in the table only to the extent of the related net derivative fair values.

Table 81: Derivative Assets and Liabilities Offsetting

	Gross Fair Value		Amounts Offset on the Consolidated Balance Sheet				Net Fair Value			Securities Collateral Held / (Pledged) Under Master Netting Agreements	Net Amounts
June 30, 2016 In millions			Fair Value Offset Amount		Cash Collateral
Derivative assets
Interest rate contracts:
Cleared	$	2,446	$	2,066	$	283	$	97			$	97
Over-the-counter		5,362		2,068		595		2,699		$411		2,288
Foreign exchange contracts		415		209		27		179		4		175
Credit contracts		4		2		1		1				1
Total derivative assets	$	8,227	$	4,345	$	906	$	2,976	(a)	$415	$	2,561
Derivative liabilities
Interest rate contracts:
Cleared	$	2,523	$	2,065	$	410	$	48			$	48
Exchange-traded		3						3				3
Over-the-counter		2,943		2,155		701		87				87
Foreign exchange contracts		224		119		27		78				78
Credit contracts		8		6		2
Other contracts		367						367				367
Total derivative liabilities	$	6,068	$	4,345	$	1,140	$	583	(b)		$	583
December 31, 2015
In millions
Derivative assets
Interest rate contracts:
Cleared	$	1,003	$	779	$	195	$	29			$	29
Over-the-counter		3,652		1,645		342		1,665		$178		1,487
Foreign exchange contracts		284		129		13		142		2		140
Credit contracts		2		1		1
Total derivative assets	$	4,941	$	2,554	$	551	$	1,836	(a)	$180	$	1,656
Derivative liabilities
Interest rate contracts:
Cleared	$	855	$	779	$	57	$	19			$	19
Exchange-traded		1						1				1
Over-the-counter		2,276		1,687		530		59				59
Foreign exchange contracts		204		85		20		99				99
Credit contracts		4		3		1
Other contracts		462						462				462
Total derivative liabilities	$	3,802	$	2,554	$	608	$	640	(b)		$	640

(a) Represents the net amount of derivative assets included in Other assets on our Consolidated Balance Sheet.

(b) Represents the net amount of derivative liabilities included in Other liabilities on our Consolidated Balance Sheet.

The table above includes over-the-counter (OTC) derivatives, cleared derivatives, and exchange-traded derivatives. OTC derivatives represent contracts executed bilaterally with counterparties that are not settled through an organized exchange or cleared through a central clearing house. The majority of OTC derivatives are governed by ISDA documentation or other legally enforceable industry standard master netting agreements. Cleared derivatives represent contracts executed bilaterally with counterparties in the OTC market that are novated to a central clearing house who then becomes our counterparty. Exchange-traded derivatives represent standardized futures and options contracts executed directly on an organized exchange.

86    The PNC Financial Services Group, Inc. – Form 10-Q

In addition to using master netting agreements and other collateral agreements to reduce credit risk associated with derivative instruments, we also seek to manage credit risk by evaluating credit ratings of counterparties and by using internal credit analysis, limits, and monitoring procedures.

At June 30, 2016, we held cash, U.S. government securities and mortgage-backed securities totaling $1.4 billion under master netting agreements and other collateral agreements to collateralize net derivative assets due from counterparties, and we pledged cash totaling $1.7 billion under these agreements to collateralize net derivative liabilities owed to counterparties and to meet initial margin requirements. These totals may differ from the amounts presented in the preceding offsetting table because these totals may include collateral exchanged under an agreement that does not qualify as a master netting agreement or because the total amount of collateral held or pledged exceeds the net derivative fair values with the counterparty as of the balance sheet date due to timing or other factors, such as initial margin. To the extent not netted against the derivative fair values under a master netting agreement, the receivable for cash pledged is included in

Other assets and the obligation for cash held is included in Other liabilities on our Consolidated Balance Sheet. Securities held from counterparties are not recognized on our balance sheet. Likewise securities we have pledged to counterparties remain on our balance sheet.

Certain derivative agreements contain various credit-risk related contingent provisions, such as those that require PNC’s debt to maintain a specified credit rating from one or more of the major credit rating agencies. If PNC’s debt ratings were to fall below such specified ratings, the counterparties to the derivative instruments could request immediate payment or demand immediate and ongoing full collateralization on derivative instruments in net liability positions. The aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a net liability position on June 30, 2016 was $1.3 billion for which PNC had posted collateral of $1.2 billion in the normal course of business. The maximum additional amount of collateral PNC would have been required to post if the credit-risk-related contingent features underlying these agreements had been triggered on June 30, 2016 would be $.1 billion.

NOTE 10 EARNINGS PER SHARE

Table 82: Basic and Diluted Earnings per Common Share

	Three months ended June 30				Six months ended June 30
In millions, except per share data	2016		2015		2016		2015
Basic
Net income	$	989	$	1,044	$	1,932	$	2,048
Less:
Net income (loss) attributable to noncontrolling interests		23		4		42		5
Preferred stock dividends and discount accretion and redemptions		43		48		108		118
Net income attributable to common shares		923		992		1,782		1,925
Less:
Dividends and undistributed earnings allocated to participating securities		6				12		2
Net income attributable to basic common shares	$	917	$	992	$	1,770	$	1,923
Basic weighted-average common shares outstanding		497		517		499		519
Basic earnings per common share (a)	$	1.84	$	1.92	$	3.54	$	3.71
Diluted
Net income attributable to basic common shares	$	917	$	992	$	1,770	$	1,923
Less: Impact of BlackRock earnings per share dilution		3		5		6		10
Net income attributable to diluted common shares	$	914	$	987	$	1,764	$	1,913
Basic weighted-average common shares outstanding		497		517		499		519
Dilutive potential common shares		6		8		6		8
Diluted weighted-average common shares outstanding		503		525		505		527
Diluted earnings per common share (a)	$	1.82	$	1.88	$	3.49	$	3.63

(a) Basic and diluted earnings per share under the two-class method are determined on net income reported on the income statement less earnings allocated to nonvested restricted shares and restricted share units with nonforfeitable dividends and dividend rights (participating securities).

The PNC Financial Services Group, Inc. – Form 10-Q    87

NOTE 11 TOTAL EQUITY AND OTHER COMPREHENSIVE INCOME

Activity in total equity for the first six months of 2015 and 2016 follows:

Table 83: Rollforward of Total Equity

				Shareholders’ Equity
In millions	Shares Outstanding Common Stock			Common Stock		Capital Surplus – Preferred Stock			Capital Surplus – Common Stock and Other			Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Treasury Stock			Non- controlling Interests			Total Equity
Balance at January 1, 2015		523		$	2,705	$	3,946		$	12,627		$	26,200		$	503		$	(1,430	)	$	1,523		$	46,074
Net income													2,043									5			2,048
Other comprehensive income (loss), net of tax																(124	)								(124	)
Cash dividends declared
Common ($.99 per share)													(516	)											(516	)
Preferred													(115	)											(115	)
Preferred stock discount accretion							3						(3	)
Common stock activity		1			3					34															37
Treasury stock activity		(8	)							(55	)								(832	)					(887	)
Preferred stock redemption – Series K							(500	)																	(500	)
Other										26												(131	)		(105	)
Balance at June 30, 2015 (a)		516		$	2,708	$	3,449		$	12,632		$	27,609		$	379		$	(2,262	)	$	1,397		$	45,912
Balance at January 1, 2016		504		$	2,708	$	3,452		$	12,745		$	29,043		$	130		$	(3,368	)	$	1,270		$	45,980
Net income													1,890									42			1,932
Other comprehensive income (loss), net of tax																606									606
Cash dividends declared
Common ($1.02 per share)													(516	)											(516	)
Preferred													(105	)											(105	)
Preferred stock discount accretion							3						(3	)
Common stock activity (b)					1					10															11
Treasury stock activity		(11	)							(13	)								(936	)					(949	)
Other										(89	)											(171	)		(260	)
Balance at June 30, 2016 (a)		493		$	2,709	$	3,455		$	12,653		$	30,309		$	736		$	(4,304	)	$	1,141		$	46,699

(a) The par value of our preferred stock outstanding was less than $.5 million at each date and, therefore, is excluded from this presentation.

(b) Common stock activity totaled less than .5 million shares issued.

Warrants

We had 13.4 million warrants outstanding at both June 30, 2016 and December 31, 2015. Each warrant entitles the holder to purchase one share of PNC common stock at an exercise price of $67.33 per share. In accordance with the terms of the warrants, the warrants are exercised on a non-cash net basis with the warrant holder receiving PNC common shares determined based on the excess of the market price of PNC common stock on the exercise date over the exercise price of the warrant. The outstanding warrants will expire as of December 31, 2018, and are considered in the calculation of diluted earnings per common share in Note 10 Earnings Per Share in this Report.

88    The PNC Financial Services Group, Inc. – Form 10-Q

Details of other comprehensive income (loss) are as follows:

Table 84: Other Comprehensive Income

	Three Months Ended June 30						Six Months Ended June 30
In millions	2016			2015			2016			2015
Net unrealized gains (losses) on non-OTTI securities
Increase in net unrealized gains (losses) on non-OTTI securities	$	286		$	(346	)	$	805		$	(214	)
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities interest income		8			7			14			14
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income		5			12			14			63
Net increase (decrease), pre-tax		273			(365	)		777			(291	)
Effect of income taxes		(100	)		134			(285	)		107
Net increase (decrease), after-tax		173			(231	)		492			(184	)
Net unrealized gains (losses) on OTTI securities
Increase in net unrealized gains (losses) on OTTI securities		17			3			(22	)		5
Less: OTTI losses realized on securities reclassified to noninterest income					(1	)		(1	)		(2	)
Net increase (decrease), pre-tax		17			4			(21	)		7
Effect of income taxes		(6	)		(2	)		8			(3	)
Net increase (decrease), after-tax		11			2			(13	)		4
Net unrealized gains (losses) on cash flow hedge derivatives
Increase in net unrealized gains (losses) on cash flow hedge derivatives		126			(102	)		391			196
Less: Net gains (losses) realized as a yield adjustment reclassified to loan interest income		56			64			116			128
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities interest income		8			8			13			12
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income		(1	)		(4	)		(1	)		(13	)
Net increase (decrease), pre-tax		63			(170	)		263			69
Effect of income taxes		(23	)		63			(96	)		(25	)
Net increase (decrease), after-tax		40			(107	)		167			44
Pension and other postretirement benefit plan adjustments
Net pension and other postretirement benefit activity		(7	)		(17	)		(5	)		36
Amortization of actuarial loss (gain) reclassified to other noninterest expense		12			9			24			18
Amortization of prior service cost (credit) reclassified to other noninterest expense		(2	)		(2	)		(4	)		(4	)
Net increase (decrease), pre-tax		3			(10	)		15			50
Effect of income taxes		(1	)		4			(5	)		(18	)
Net increase (decrease), after-tax		2			(6	)		10			32
Other
PNC’s portion of BlackRock’s OCI		13			(9	)		(12	)		(34	)
Net investment hedge derivatives		80			(65	)		109			(11	)
Foreign currency translation adjustments and other (a)		(81	)		65			(112	)		9
Net increase (decrease), pre-tax		12			(9	)		(15	)		(36	)
Effect of income taxes (a)		(34	)		27			(35	)		16
Net increase (decrease), after-tax		(22	)		18			(50	)		(20	)
Total other comprehensive income, pre-tax		368			(550	)		1,019			(201	)
Total other comprehensive income, tax effect		(164	)		226			(413	)		77
Total other comprehensive income, after-tax	$	204		$	(324	)	$	606		$	(124	)

(a) The earnings of PNC’s Luxembourg-UK lending business have been indefinitely reinvested; therefore, no U.S. deferred income tax has been recorded on the foreign currency translation of the investment.

The PNC Financial Services Group, Inc. – Form 10-Q    89

Table 85: Accumulated Other Comprehensive Income (Loss) Components

In millions, after-tax	Net unrealized gains (losses) on non-OTTI securities			Net unrealized gains (losses) on OTTI securities			Net unrealized gains (losses) on cash flow hedge derivatives			Pension and other postretirement benefit plan adjustments			Other			Total
Balance at March 31, 2015	$	694		$	76		$	501		$	(482	)	$	(86	)	$	703
Net activity		(231	)		2			(107	)		(6	)		18			(324	)
Balance at June 30, 2015	$	463		$	78		$	394		$	(488	)	$	(68	)	$	379
Balance at March 31, 2016	$	605		$	42		$	557		$	(546	)	$	(126	)	$	532
Net activity		173			11			40			2			(22	)		204
Balance at June 30, 2016	$	778		$	53		$	597		$	(544	)	$	(148	)	$	736
Balance at December 31, 2014	$	647		$	74		$	350		$	(520	)	$	(48	)	$	503
Net activity		(184	)		4			44			32			(20	)		(124	)
Balance at June 30, 2015	$	463		$	78		$	394		$	(488	)	$	(68	)	$	379
Balance at December 31, 2015	$	286		$	66		$	430		$	(554	)	$	(98	)	$	130
Net activity		492			(13	)		167			10			(50	)		606
Balance at June 30, 2016	$	778		$	53		$	597		$	(544	)	$	(148	)	$	736

NOTE 12 LEGAL PROCEEDINGS

We establish accruals for legal proceedings, including litigation and regulatory and governmental investigations and inquiries, when information related to the loss contingencies represented by those matters indicates both that a loss is probable and that the amount of loss can be reasonably estimated. Any such accruals are adjusted thereafter as appropriate to reflect changed circumstances. When we are able to do so, we also determine estimates of possible losses or ranges of possible losses, whether in excess of any related accrued liability or where there is no accrued liability, for disclosed legal proceedings (“Disclosed Matters,” which are those matters disclosed in this Note 12 as well as those matters disclosed in Note 20 Legal Proceedings in Part II, Item 8 of our 2015 Form 10-K and in Note 14 Legal Proceedings in Part I, Item 1 of our first quarter 2016 Form 10-Q (such prior disclosure collectively referred to as “Prior Disclosure”)). For Disclosed Matters where we are able to estimate such possible losses or ranges of possible losses, as of June 30, 2016, we estimate that it is reasonably possible that we could incur losses in an aggregate amount of up to approximately $550 million. The estimates included in this amount are based on our analysis of currently available information and are subject to significant judgment and a variety of assumptions and uncertainties. As new information is obtained we may change our estimates. Due to the inherent subjectivity of the assessments and unpredictability of outcomes of legal proceedings, any amounts accrued or included in this aggregate amount may not represent the ultimate loss to us from the legal proceedings in question. Thus, our exposure and ultimate losses may be higher, and possibly significantly so, than the amounts accrued or this aggregate amount.

In our experience, legal proceedings are inherently unpredictable. One or more of the following factors frequently contribute to this inherent unpredictability: the proceeding is in its early stages; the damages sought are unspecified,

unsupported or uncertain; it is unclear whether a case brought as a class action will be allowed to proceed on that basis or, if permitted to proceed as a class action, how the class will be defined; the other party is seeking relief other than or in addition to compensatory damages (including, in the case of regulatory and governmental investigations and inquiries, the possibility of fines and penalties); the matter presents meaningful legal uncertainties, including novel issues of law; discovery has not started or is not complete; there are significant facts in dispute; we have not engaged in meaningful settlement discussions; the possible outcomes may not be amenable to the use of statistical or quantitative analytical tools; predicting possible outcomes depends on making assumptions about future decisions of courts or regulatory bodies or the behavior of other parties; and there are a large number of parties named as defendants (including where it is uncertain how damages or liability, if any, will be shared among multiple defendants). Generally, the less progress that has been made in the proceedings or the broader the range of potential results, the harder it is for us to estimate losses or ranges of losses that it is reasonably possible we could incur.

As a result of these types of factors, we are unable, at this time, to estimate the losses that it is reasonably possible that we could incur or ranges of such losses with respect to some of the matters disclosed, and the aggregate estimated amount provided above does not include an estimate for every Disclosed Matter. Therefore, as the estimated aggregate amount disclosed above does not include all of the Disclosed Matters, the amount disclosed above does not represent our maximum reasonably possible loss exposure for all of the Disclosed Matters. The estimated aggregate amount also does not reflect any of our exposure to matters not so disclosed, as discussed below under “Other.”

We include in some of the descriptions of individual Disclosed Matters certain quantitative information related to

90    The PNC Financial Services Group, Inc. – Form 10-Q

the plaintiff’s claim against us as alleged in the plaintiff’s pleadings or other public filings or otherwise publicly available information. While information of this type may provide insight into the potential magnitude of a matter, it does not necessarily represent our estimate of reasonably possible loss or our judgment as to any currently appropriate accrual.

Some of our exposure in Disclosed Matters may be offset by applicable insurance coverage. We do not consider the possible availability of insurance coverage in determining the amounts of any accruals (although we record the amount of related insurance recoveries that are deemed probable up to the amount of the accrual) or in determining any estimates of possible losses or ranges of possible losses.

Interchange Litigation

In June 2016, the U.S. Court of Appeals for the Second Circuit reached a decision on the appeal of the approval of a settlement of the antitrust lawsuits pending against Visa^®, MasterCard^®, and several major financial institutions, including cases naming National City (since merged into PNC) and its subsidiary, National City Bank of Kentucky (since merged into National City Bank which in turn was merged into PNC Bank, N.A.), that have been consolidated for pretrial proceedings in the U.S. District Court for the Eastern District of New York under the caption In re Payment Card Interchange Fee and Merchant-Discount Antitrust Litigation (Master File No. 1:05-md-1720-JG-JO). In its decision, the court of appeals reversed approval of the settlement and remanded for further proceedings. As a result, the class litigation is expected to resume in the district court.

Lender Placed Insurance Litigation

In February 2014, a class action lawsuit (Montoya, et al. v. PNC Bank, N.A., et al. (Case No. 1:14-cv-20474-JEM)) was filed in the U.S. District Court for the Southern District of Florida against PNC Bank, American Security Insurance Company (ASIC), a provider of property and casualty insurance to PNC for certain residential mortgages, and its parent, Assurant, Inc. relating to the administration of PNC Bank’s program for placement of insurance for borrowers who fail to obtain hazard insurance coverages required by the terms of their mortgages. In their complaint, the plaintiffs asserted breach of contract by PNC, breach of its duty of good faith and fair dealing, unjust enrichment, breach of a fiduciary duty, and violations of Florida and New Jersey statutes pertaining to deceptive and unfair trade practices. They also asserted claims under the federal TILA and RICO statutes. The plaintiffs sought a nationwide class on all claims except the state law statutory claims, for which they sought to certify subclasses of Florida and New Jersey residents, respectively. The plaintiffs sought, among other things, damages (including treble damages), disgorgement of “unjust benefits,” injunctive relief, interest and attorneys’ fees. PNC filed a motion to dismiss the complaint in May 2014. In August 2014, the court granted in part and denied in part PNC’s motion to dismiss. Specifically,

the court dismissed the breach of contract, Florida deceptive and unfair trade practices, and federal TILA and RICO claims, although it allowed the RICO claims to be re-pled. The remaining claims were state claims for breach of the covenant of good faith, unjust enrichment, the New Jersey Consumer Fraud Act, and breach of fiduciary duty. Thereafter, in September 2014, a third amended complaint was filed. In October 2014, PNC moved to partially dismiss the third amended complaint. The motion to dismiss sought dismissal of the re-pleaded RICO claims and a state law claim for breach of the covenant of good faith and fair dealing and breach of fiduciary duty. At the same time, PNC also moved to strike nationwide class allegations with respect to the state law claims. Shortly thereafter, the plaintiffs stipulated to this relief, as a result of which the plaintiffs’ state law claims were brought solely as statewide class action claims in the states in which the plaintiffs reside. In January 2015, the plaintiffs filed a motion for class certification. In March 2015, the court denied PNC’s motion to dismiss, except that it granted the motion as to the state law good faith and fair dealing claim.

In May 2015, the parties reached an agreement to settle this case on a nationwide settlement class basis. In connection with the settlement agreement, the plaintiffs also filed a fourth amended complaint, which, among other things, added claims regarding wind and flood insurance. The settlement provided for certification of a class of borrowers who were charged by PNC under a hazard, flood, flood gap or wind only lender placed insurance policy for residential property during the period January 1, 2008 through the date of preliminary approval of the settlement. The court granted final approval of the settlement in April 2016. An appeal of this approval filed by an objector has been voluntarily dismissed, as a result of which the case has been concluded. The overall cost of the settlement has been reflected in our reserves and will not be material to PNC.

Other cases making similar allegations were previously dismissed, with plaintiffs in those cases being added as plaintiffs in this case.

Other Regulatory and Governmental Inquiries

PNC is the subject of investigations, audits and other forms of regulatory and governmental inquiry covering a broad range of issues in our banking, securities and other financial services businesses, in some cases as part of reviews of specified activities at multiple industry participants. Over the last few years, we have experienced an increase in regulatory and governmental investigations, audits and other inquiries. Areas of current regulatory or governmental inquiry with respect to PNC include consumer protection, fair lending, mortgage origination and servicing, mortgage and non mortgage-related insurance and reinsurance, municipal finance activities, conduct by broker-dealers, automobile lending practices, employment practices, and participation in government insurance or guarantee programs, some of which are described

The PNC Financial Services Group, Inc. – Form 10-Q    91

in Prior Disclosure. These inquiries, including those described in Prior Disclosure, may lead to administrative, civil or criminal proceedings, and possibly result in remedies including fines, penalties, restitution, or alterations in our business practices, and in additional expenses and collateral costs.

Our practice is to cooperate fully with regulatory and governmental investigations, audits and other inquiries, including those described in Prior Disclosure.

Other

In addition to the proceedings or other matters described above and in Prior Disclosure, PNC and persons to whom we may have indemnification obligations, in the normal course of business, are subject to various other pending and threatened legal proceedings in which claims for monetary damages and other relief are asserted. We do not anticipate, at the present time, that the ultimate aggregate liability, if any, arising out of such other legal proceedings will have a material adverse effect on our financial position. However, we cannot now determine whether or not any claims asserted against us or others to whom we may have indemnification obligations, whether in the proceedings or other matters described above or otherwise, will have a material adverse effect on our results of operations in any future reporting period, which will depend on, among other things, the amount of the loss resulting from the claim and the amount of income otherwise reported for the reporting period.

NOTE 13 COMMITMENTS AND GUARANTEES

Commitments

In the normal course of business, we have various commitments outstanding, certain of which are not included on our Consolidated Balance Sheet. The following table presents our outstanding commitments to extend credit along with significant other commitments as of June 30, 2016 and December 31, 2015, respectively.

Table 86: Commitments to Extend Credit and Other Commitments

In millions	June 30 2016		December 31 2015
Commitments to extend credit
Total commercial lending	$	102,120	$	101,252
Home equity lines of credit		17,331		17,268
Credit card		21,298		19,937
Other		4,367		4,032
Total commitments to extend credit		145,116		142,489
Net outstanding standby letters of credit (a)		9,089		8,765
Reinsurance agreements (b)		1,917		2,010
Standby bond purchase agreements (c)		872		911
Other commitments (d)		965		966
Total commitments to extend credit and other commitments	$	157,959	$	155,141

(a) Net outstanding standby letters of credit include $4.6 billion and $4.7 billion which support remarketing programs at June 30, 2016 and December 31, 2015, respectively.

(b) Represents aggregate maximum exposure up to the specified limits of the reinsurance contracts, and reflects estimates based on availability of financial information from insurance carriers. As of June 30, 2016, the aggregate maximum exposure amount comprised $1.6 billion for accidental death & dismemberment contracts and $.3 billion for credit life, accident & health contracts. Comparable amounts at December 31, 2015 were $1.6 billion and $.4 billion, respectively.

(c) We enter into standby bond purchase agreements to support municipal bond obligations.

(d) Includes $.4 billion and $.5 billion related to investments in qualified affordable housing projects at June 30, 2016 and December 31, 2015, respectively.

Commitments to Extend Credit

Commitments to extend credit, or net unfunded loan commitments, 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.

92    The PNC Financial Services Group, Inc. – Form 10-Q

Net Outstanding Standby Letters of Credit

We issue standby letters of credit and share in the risk of standby letters of credit issued by other financial institutions, in each case to support obligations of our customers to third parties, such as insurance requirements and the facilitation of transactions involving capital markets product execution. Internal credit ratings related to our net outstanding standby letters of credit were as follows:

Table 87: Internal Credit Ratings Related to Net Outstanding Standby Letters of Credit

	June 30 2016			December 31 2015
Internal credit ratings (as a percentage of portfolio):
Pass (a)		92	%		93	%
Below pass (b)		8	%		7	%

(a) Indicates that expected risk of loss is currently low.

(b) Indicates a higher degree of risk of default.

If the customer fails to meet its financial or performance obligation to the third party under the terms of the contract or there is a need to support a remarketing program, then upon a draw by a beneficiary, subject to the terms of the letter of credit, we would be obligated to make payment to them. The standby letters of credit outstanding on June 30, 2016 had terms ranging from less than 1 year to 9 years.

As of June 30, 2016, assets of $1.1 billion secured certain specifically identified standby letters of credit. In addition, a portion of the remaining standby letters of credit issued on behalf of specific customers is also secured by collateral or guarantees that secure the customers’ other obligations to us. The carrying amount of the liability for our obligations related to standby letters of credit and participations in standby letters of credit was $.2 billion at June 30, 2016 and is included in Other liabilities on our Consolidated Balance Sheet.

Reinsurance Agreements

We have a wholly-owned captive insurance subsidiary which provides reinsurance for accidental death & dismemberment, credit life, and accident & health, all of which are in run-off. This subsidiary previously entered into these various types of reinsurance agreements with third-party insurers where the subsidiary assumed the risk of loss through quota share agreements up to 100% reinsurance. In quota share agreements, the subsidiary and the third-party insurers share the responsibility for payment of all claims.

Recourse and Repurchase Obligations

As discussed in Note 2 Loan Sale and Servicing Activities and Variable Interest Entities, PNC has sold commercial mortgage, residential mortgage and home equity loans/lines of credit directly or indirectly through securitization and loan sale transactions in which we have continuing involvement. One form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets. See Note 21 Commitments and Guarantees in our 2015 Form 10-K for details related to our Recourse and Repurchase Obligations.

Resale and Repurchase Agreements

We enter into repurchase and resale agreements where we transfer investment securities to/from a third party with the agreement to repurchase/resell those investment securities at a future date for a specified price. These agreements are entered into primarily to provide short-term financing for securities inventory positions, acquire securities to cover short positions and accommodate customers’ investing and financing needs. Repurchase and resale agreements are treated as collateralized financing transactions for accounting purposes and are generally carried at the amounts at which the securities will be subsequently reacquired or resold, including accrued interest. Our policy is to take possession of securities purchased under agreements to resell. We monitor the market value of securities to be repurchased and resold and additional collateral may be obtained where considered appropriate to protect against credit exposure.

Repurchase and resale agreements are typically entered into with counterparties under industry standard master netting agreements which provide for the right to offset amounts owed to one another with respect to multiple repurchase and resale agreements under such master netting agreement (referred to as netting arrangements) and liquidate the purchased or borrowed securities in the event of counterparty default. In order for an arrangement to be eligible for netting under GAAP, we must obtain the requisite assurance that the offsetting rights included in the master netting agreement would be legally enforceable in the event of bankruptcy, insolvency, or a similar proceeding of such third party. Enforceability is evidenced by obtaining a legal opinion that supports, with sufficient confidence, the enforceability of the master netting agreement in bankruptcy.

Table 88 shows the amounts owed under resale and repurchase agreements and the securities collateral associated with those agreements where a legal opinion supporting the enforceability of the offsetting rights has been obtained. We do not present resale and repurchase agreements entered into with the same counterparty under a legally enforceable master netting agreement on a net basis on our Consolidated Balance Sheet or within Table 88.

Refer to Note 9 Financial Derivatives for additional information related to offsetting of financial derivatives.

The PNC Financial Services Group, Inc. – Form 10-Q    93

Table 88: Resale and Repurchase Agreements Offsetting

In millions	Gross Resale / Repurchase Agreements		Amounts Offset on the Consolidated Balance Sheet	Net Resale / Repurchase Agreements (a)		Securities Collateral Held / Pledged Under Master  Netting Agreements (b)		Net Amounts
Resale Agreements
June 30, 2016	$	1,157		$	1,157	$	1,083	$	74	(c)
December 31, 2015	$	1,082		$	1,082	$	1,008	$	74	(c)
Repurchase Agreements (d)
June 30, 2016	$	1,617		$	1,617	$	1,001	$	616	(e)
December 31, 2015	$	1,767		$	1,767	$	1,014	$	753	(e)

(a) Resale agreements are included on the Consolidated Balance Sheet in Federal funds sold and resale agreements. Repurchase agreements are included on the Consolidated Balance Sheet in Federal funds purchased and repurchase agreements.

(b) Represents the fair value of securities collateral purchased or sold, up to the amount owed under the agreement, for agreements supported by a legally enforceable master netting agreement.

(c) Represents certain long term resale agreements which are fully collateralized but do not have the benefits of a netting opinion and, therefore, might be subject to a stay in insolvency proceedings and therefore are not eligible under ASC 210-20 for netting.

(d) Repurchase agreements have remaining contractual maturities that are classified as overnight or continuous. As of June 30, 2016 and December 31, 2015, the collateral pledged under these agreements consisted primarily of residential mortgage-backed agency securities.

(e) Represents overnight repurchase agreements entered into with municipalities, pension plans, and certain trusts and insurance companies which are fully collateralized but do not have the benefits of a netting opinion and, therefore, might be subject to a stay in insolvency proceedings and therefore are not eligible under ASC 210-20 for netting. There were no long term repurchase agreements as of June 30, 2016 and December 31, 2015.

NOTE 14 SEGMENT REPORTING

We have six reportable business segments:

• Retail Banking

• Corporate & Institutional Banking

• Asset Management Group

• Residential Mortgage Banking

• BlackRock

• Non-Strategic Assets Portfolio

Results of individual businesses are presented based on our internal management reporting practices. There is no comprehensive, authoritative body of guidance for management accounting equivalent to GAAP; therefore, the financial results of our individual businesses are not necessarily comparable with similar information for any other company. We periodically refine our internal methodologies as management reporting practices are enhanced. To the extent significant and practicable, retrospective application of new methodologies is made to prior period reportable business segment results and disclosures to create comparability with the current period.

Financial results are presented, to the extent practicable, as if each business operated on a stand-alone basis. Additionally, we have aggregated the results for corporate support functions within “Other” for financial reporting purposes.

Net interest income in business segment results reflects PNC’s internal funds transfer pricing methodology. Assets receive a funding charge and liabilities and capital receive a funding credit based on a transfer pricing methodology that incorporates product repricing characteristics, tenor and other factors.

A portion of capital is intended to cover unexpected losses and is assigned to our business segments using our risk-based economic capital model, including consideration of the goodwill at those business segments, as well as the diversification of risk among the business segments, ultimately reflecting PNC’s portfolio risk adjusted capital allocation.

We have allocated the allowances for loan and lease losses and for unfunded loan commitments and letters of credit based on the loan exposures within each business segment’s portfolio. Key reserve assumptions and estimation processes react to and are influenced by observed changes in loan portfolio performance experience, the financial strength of the borrower, and economic conditions. Key reserve assumptions are periodically updated.

Our allocation of the costs incurred by operations and other shared support areas not directly aligned with the businesses is primarily based on the use of services.

Total business segment financial results differ from total consolidated net income. The impact of these differences is reflected in the “Other” category in the business segment tables. “Other” includes residual activities that do not meet the criteria for disclosure as a separate reportable business, such as gains or losses related to BlackRock transactions, integration costs, asset and liability management activities including net securities gains or losses, other-than-temporary impairment of investment securities and certain trading activities, exited businesses, private equity investments, intercompany eliminations, most corporate overhead, tax adjustments that are not allocated to business segments, and differences between business segment performance reporting and financial statement reporting (GAAP), including the presentation of net income attributable to noncontrolling

94    The PNC Financial Services Group, Inc. – Form 10-Q

interests as the segments’ results exclude their portion of net income attributable to noncontrolling interests. Assets, revenue and earnings attributable to foreign activities were not material in the periods presented for comparative purposes.

Business Segment Products and Services

Retail Banking provides deposit, lending, brokerage, investment management and cash management services to consumer and small business customers within our primary geographic markets. Our customers are serviced through our branch network, ATMs, call centers, online banking and mobile channels. The branch network is located primarily in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, Florida, North Carolina, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Georgia, Missouri, Wisconsin and South Carolina.

Corporate & Institutional Banking provides lending, treasury management, and capital markets-related products and services to mid-sized and large corporations, government and not-for-profit entities. Lending products include secured and unsecured loans, letters of credit and equipment leases. Treasury management services include cash and investment management, receivables management, disbursement services, funds transfer services, information reporting and global trade services. Capital markets-related products and services include foreign exchange, derivatives, securities, loan syndications, mergers and acquisitions advisory and equity capital markets advisory related services. We also provide commercial loan servicing and technology solutions for the commercial real estate finance industry. Products and services are generally provided within our primary geographic markets, with certain products and services offered nationally and internationally.

Asset Management Group includes personal wealth management for high net worth and ultra high net worth clients and institutional asset management. Wealth management products and services include investment and retirement planning, customized investment management, private banking, tailored credit solutions, and trust management and administration for individuals and their families. Our Hawthorn unit provides multi-generational family planning including wealth strategy, investment management, private banking, tax and estate planning guidance, performance reporting and personal administration services to ultra high net worth families. Institutional asset management provides investment management, custody administration and retirement administration services. The business also offers PNC proprietary mutual funds. Institutional clients include corporations, unions, municipalities, non-profits, foundations and endowments, primarily located in our geographic footprint.

Residential Mortgage Banking directly originates first lien residential mortgage loans on a nationwide basis with a significant presence within the retail banking footprint. Mortgage loans represent loans collateralized by one-to-four family residential real estate. These loans are typically underwritten to government agency and/or third-party standards, and either sold, servicing retained, or held on PNC’s balance sheet. Loan sales are primarily to secondary mortgage conduits of FNMA, FHLMC, Federal Home Loan Banks and third-party investors, or are securitized and issued under the GNMA program. The mortgage servicing operation performs all functions related to servicing mortgage loans, primarily those in first lien position, for various investors and for loans owned by PNC.

BlackRock is a leading publicly traded investment management firm providing a broad range of investment and risk management services to institutional and retail clients worldwide. Using a diverse platform of active and index investment strategies across asset classes, BlackRock develops investment outcomes and asset allocation solutions for clients. Product offerings include single- and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments. BlackRock also offers an investment and risk management technology platform, risk analytics and advisory services and solutions to a broad base of institutional investors.

We hold an equity investment in BlackRock, which provides us with an additional source of noninterest income and increases our overall revenue diversification. BlackRock is a publicly traded company, and additional information regarding its business is available in its filings with the Securities and Exchange Commission (SEC). At June 30, 2016, our economic interest in BlackRock was 22%. PNC received cash dividends from BlackRock of $165 million and $160 million during the first six months of 2016 and 2015, respectively.

Non-Strategic Assets Portfolio includes a consumer portfolio of mainly residential mortgage and brokered home equity loans and lines of credit and a small commercial lending portfolio. We obtained a significant portion of these non-strategic assets through acquisitions of other companies.

The PNC Financial Services Group, Inc. – Form 10-Q    95

Table 89: Results Of Businesses

Three months ended June 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group		Residential Mortgage Banking			BlackRock		Non-Strategic Assets Portfolio			Other			Consolidated (a)
2016
Income Statement
Net interest income	$	1,117	$	822	$	76	$	28				$	73		$	(48	)	$	2,068
Noninterest income		564		533		213		182		$	170		5			59			1,726
Total revenue		1,681		1,355		289		210			170		78			11			3,794
Provision for credit losses		29		69		6		1					13			9			127
Depreciation and amortization		41		37		12		3								122			215
Other noninterest expense		1,127		512		194		133					20			159			2,145
Income (loss) before income taxes and noncontrolling interests		484		737		77		73			170		45			(279	)		1,307
Income taxes (benefit)		177		247		29		27			36		16			(214	)		318
Net income (loss)	$	307	$	490	$	48	$	46		$	134	$	29		$	(65	)	$	989
Average Assets (b)	$	71,544	$	138,305	$	7,756	$	5,768		$	6,919	$	5,539		$	123,159		$	358,990
2015
Income Statement
Net interest income	$	1,045	$	837	$	71	$	30				$	100		$	(31	)	$	2,052
Noninterest income		590		492		243		176		$	175		9			129			1,814
Total revenue		1,635		1,329		314		206			175		109			98			3,866
Provision for credit losses (benefit)		45		20		1		(2	)				(5	)		(13	)		46
Depreciation and amortization		42		37		12		4								106			201
Other noninterest expense		1,168		510		203		174					26			84			2,165
Income (loss) before income taxes and noncontrolling interests		380		762		98		30			175		88			(79	)		1,454
Income taxes (benefit)		139		254		36		11			40		32			(102	)		410
Net income	$	241	$	508	$	62	$	19		$	135	$	56		$	23		$	1,044
Average Assets (b)	$	73,369	$	132,239	$	8,005	$	7,136		$	6,760	$	6,914		$	118,217		$	352,640

Six months ended June 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group		Residential Mortgage Banking		BlackRock		Non-Strategic Assets Portfolio			Other			Consolidated (a)
2016
Income Statement
Net interest income	$	2,230	$	1,660	$	153	$	53			$	148		$	(78	)	$	4,166
Noninterest income		1,101		967		416		287	$	311		27			184			3,293
Total revenue		3,331		2,627		569		340		311		175			106			7,459
Provision for credit losses (benefit)		106		176		3						6			(12	)		279
Depreciation and amortization		81		72		23		6							235			417
Other noninterest expense		2,237		998		389		282				41			277			4,224
Income (loss) before income taxes and noncontrolling interests		907		1,381		154		52		311		128			(394	)		2,539
Income taxes (benefit)		332		460		57		19		65		47			(373	)		607
Net income (loss)	$	575	$	921	$	97	$	33	$	246	$	81		$	(21	)	$	1,932
Average Assets (b)	$	71,880	$	136,913	$	7,822	$	6,037	$	6,919	$	5,677		$	122,203		$	357,451
2015
Income Statement
Net interest income	$	2,082	$	1,660	$	144	$	60			$	212		$	(34	)	$	4,124
Noninterest income		1,078		921		451		353	$	351		18			301			3,473
Total revenue		3,160		2,581		595		413		351		230			267			7,597
Provision for credit losses (benefit)		94		37		13						(36	)		(8	)		100
Depreciation and amortization		85		73		23		7							206			394
Other noninterest expense		2,283		988		402		332				50			266			4,321
Income (loss) before income taxes and noncontrolling interests		698		1,483		157		74		351		216			(197	)		2,782
Income taxes (benefit)		255		493		58		27		82		79			(260	)		734
Net income	$	443	$	990	$	99	$	47	$	269	$	137		$	63		$	2,048
Average Assets (b)	$	73,691	$	131,711	$	7,974	$	7,190	$	6,760	$	7,094		$	115,941		$	350,361

(a) There were no material intersegment revenues for the three and six months ended June 30, 2016 and 2015.

(b) Period-end balances for BlackRock.

96    The PNC Financial Services Group, Inc. – Form 10-Q

NOTE 15 SUBSEQUENT EVENTS

On July 18, 2016, we announced the redemption on August 22, 2016 of all of the outstanding Senior Notes due September 19, 2016 issued by PNC Funding Corp in the amount of $1.25 billion. The securities have a distribution rate of 2.70%. The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued and unpaid distributions to the redemption date.

On July 29, 2016, PNC Bank issued $1.0 billion of senior notes with a maturity date of July 29, 2019. Interest is payable semi-annually at a fixed rate of 1.450%, beginning on January 29, 2017.

The PNC Financial Services Group, Inc. – Form 10-Q    97

STATISTICAL INFORMATION (UNAUDITED)

The PNC Financial Services Group, Inc.

Average Consolidated Balance Sheet And Net Interest Analysis (a) (b) (c)

	Six months ended June 30
	2016								2015
Taxable-equivalent basis Dollars in millions	Average Balances			Interest Income/ Expense		Average Yields/ Rates			Average Balances			Interest Income/ Expense		Average Yields/ Rates
Assets
Interest-earning assets:
Investment securities
Securities available for sale
Residential mortgage-backed
Agency	$	24,777		$	312		2.51	%	$	19,924		$	254		2.55%
Non-agency		3,832			88		4.61	%		4,568			105		4.61%
Commercial mortgage-backed		6,461			92		2.86	%		6,273			98		3.11%
Asset-backed		5,579			63		2.25	%		5,184			55		2.10%
U.S. Treasury and government agencies		9,804			76		1.53	%		5,174			31		1.20%
State and municipal		1,954			45		4.59	%		1,971			45		4.60%
Other debt		2,422			28		2.33	%		1,786			29		3.27%
Corporate stocks and other		549			1		.36	%		435					.10%
Total securities available for sale		55,378			705		2.54	%		45,315			617		2.72%
Securities held to maturity
Residential mortgage-backed		10,061			147		2.92	%		7,618			118		3.09%
Commercial mortgage-backed		1,788			32		3.57	%		2,050			40		3.90%
Asset-backed		712			7		1.87	%		749			5		1.52%
U.S. Treasury and government agencies		260			5		3.80	%		251			5		3.79%
State and municipal		1,944			53		5.49	%		2,011			55		5.51%
Other		89			1		2.84	%		316			5		3.00%
Total securities held to maturity		14,854			245		3.30	%		12,995			228		3.51%
Total investment securities		70,232			950		2.70	%		58,310			845		2.90%
Loans
Commercial		99,530			1,550		3.08	%		98,117			1,474		2.99%
Commercial real estate		28,313			477		3.33	%		24,370			443		3.61%
Equipment lease financing		7,495			128		3.42	%		7,547			130		3.46%
Consumer		57,839			1,231		4.28	%		60,855			1,259		4.17%
Residential real estate		14,580			349		4.79	%		14,383			352		4.89%
Total loans		207,757			3,735		3.58	%		205,272			3,658		3.56%
Interest-earning deposits with banks		25,998			65		.50	%		31,392			39		.25%
Loans held for sale		1,582			34		4.29	%		2,169			46		4.26%
Federal funds sold and resale agreements		1,162			3		.50	%		1,808			2		.22%
Other		4,862			100		4.13	%		5,259			132		5.03%
Total interest-earning assets/interest income		311,593			4,887		3.13	%		304,210			4,722		3.10%
Noninterest-earning assets:
Allowance for loan and lease losses		(2,711	)							(3,313	)
Cash and due from banks		3,928								4,010
Other		44,641								45,454
Total assets	$	357,451							$	350,361
Liabilities and Equity
Interest-bearing liabilities:
Interest-bearing deposits
Money market	$	74,417			77		.21	%	$	80,930			102		.25%
Demand		50,934			19		.07	%		46,207			12		.05%
Savings		25,737			50		.39	%		13,416			11		.16%
Retail certificates of deposit		17,277			60		.70	%		18,437			63		.69%
Time deposits in foreign offices and other time		1,970			3		.24	%		2,246			2		.18%
Total interest-bearing deposits		170,335			209		.25	%		161,236			190		.24%
Borrowed funds
Federal funds purchased and repurchase agreements		1,965			3		.27	%		2,916			2		.13%
Federal Home Loan Bank borrowings		19,285			72		.74	%		21,391			49		.46%
Bank notes and senior debt		21,533			179		1.64	%		15,883			102		1.27%
Subordinated debt		8,327			136		3.28	%		8,852			116		2.62%
Commercial paper		2					.43	%		4,309			7		.34%
Other		2,517			26		2.13	%		3,406			34		1.97%
Total borrowed funds		53,629			416		1.54	%		56,757			310		1.09%
Total interest-bearing liabilities/interest expense		223,964			625		.56	%		217,993			500		.45%
Noninterest-bearing liabilities and equity:
Noninterest-bearing deposits		76,541								74,245
Allowance for unfunded loan commitments and letters of credit		272								246
Accrued expenses and other liabilities		10,550								11,935
Equity		46,124								45,942
Total liabilities and equity	$	357,451							$	350,361
Interest rate spread							2.57	%							2.65%
Impact of noninterest-bearing sources							.16								.13
Net interest income/margin				$	4,262		2.73	%				$	4,222		2.78%

(a) Nonaccrual loans are included in loans, net of unearned income. The impact of financial derivatives used in interest rate risk management is included in the interest income/expense and average yields/rates of the related assets and liabilities. Basis adjustments related to hedged items are included in noninterest-earning assets and noninterest-bearing liabilities. Average balances of securities are based on amortized historical cost (excluding adjustments to fair value, which are included in other assets). Average balances for certain loans and borrowed funds accounted for at fair value, with changes in fair value recorded in trading noninterest income, are included in noninterest-earning assets and noninterest-bearing liabilities.

98    The PNC Financial Services Group, Inc. – Form 10-Q

Second Quarter 2016								First Quarter 2016								Second Quarter 2015
Average Balances			Interest Income/ Expense		Average Yields/ Rates			Average Balances			Interest Income/ Expense		Average Yields/ Rates			Average Balances			Interest Income/ Expense		Average Yields/ Rates
	$24,856		$	153		2.46	%	$	24,696		$	159		2.57	%	$	20,550		$	125		2.43	%
	3,728			44		4.79	%		3,936			44		4.45	%		4,480			52		4.70	%
	6,335			46		2.94	%		6,586			46		2.79	%		6,286			48		3.03	%
	5,672			33		2.32	%		5,486			30		2.19	%		5,228			28		2.12	%
	9,673			37		1.50	%		9,936			39		1.55	%		5,204			15		1.12	%
	1,952			22		4.59	%		1,957			23		4.60	%		1,973			23		4.76	%
	2,549			15		2.33	%		2,295			13		2.32	%		1,796			18		4.01	%
	503			1		.41	%		595					.32	%		414					.10	%
	55,268			351		2.54	%		55,487			354		2.55	%		45,931			309		2.69	%
	10,215			72		2.81	%		9,906			75		3.02	%		8,196			61		2.95	%
	1,755			16		3.61	%		1,821			16		3.53	%		2,005			18		3.63	%
	708			4		1.91	%		715			3		1.84	%		743			2		1.53	%
	262			3		3.79	%		259			2		3.80	%		252			3		3.81	%
	1,939			26		5.48	%		1,950			27		5.50	%		2,004			27		5.49	%
	47					1.93	%		131			1		3.17	%		311			3		3.12	%
	14,926			121		3.22	%		14,782			124		3.37	%		13,511			114		3.37	%
	70,194			472		2.68	%		70,269			478		2.72	%		59,442			423		2.85	%
	99,991			779		3.08	%		99,068			771		3.08	%		98,364			746		3.00	%
	28,659			229		3.16	%		27,967			248		3.51	%		24,812			215		3.44	%
	7,570			65		3.44	%		7,420			63		3.40	%		7,556			65		3.45	%
	57,467			610		4.28	%		58,212			621		4.29	%		60,240			621		4.13	%
	14,643			177		4.84	%		14,517			172		4.74	%		14,416			177		4.91	%
	208,330			1,860		3.56	%		207,184			1,875		3.60	%		205,388			1,824		3.54	%
	26,463			33		.51	%		25,533			32		.50	%		32,368			20		.25	%
	1,655			18		4.24	%		1,509			16		4.34	%		2,092			23		4.33	%
	1,026			1		.55	%		1,299			2		.47	%		1,959			1		.22	%
	4,768			48		4.02	%		4,956			52		4.23	%		5,470			63		4.65	%
	312,436			2,432		3.10	%		310,750			2,455		3.15	%		306,719			2,354		3.06	%
	(2,712	)							(2,711	)							(3,309	)
	3,938								3,919								3,954
	45,328								43,955								45,276
	$358,990							$	355,913							$	352,640
	$72,442			35		.20	%	$	76,392			42		.22	%	$	81,857			55		.27	%
	52,218			10		.08	%		49,770			9		.07	%		46,281			5		.05	%
	28,131			27		.39	%		23,343			23		.39	%		13,775			6		.17	%
	17,277			30		.70	%		17,278			30		.70	%		18,334			31		.68	%
	1,779			2		.24	%		2,040			1		.27	%		2,300			1		.16	%
	171,847			104		.24	%		168,823			105		.25	%		162,547			98		.24	%
	1,881			2		.29	%		2,048			1		.26	%		2,718			1		.14	%
	18,716			38		.80	%		19,855			34		.68	%		22,001			25		.46	%
	22,375			92		1.62	%		20,690			87		1.66	%		16,408			50		1.19	%
	8,336			68		3.26	%		8,317			68		3.29	%		8,861			58		2.61	%
	1					.55	%		3					.40	%		3,640			3		.35	%
	2,324			12		2.29	%		2,713			14		1.99	%		3,537			18		1.95	%
	53,633			212		1.57	%		53,626			204		1.51	%		57,165			155		1.07	%
	225,480			316		.56	%		222,449			309		.55	%		219,712			253		.46	%
	75,775								77,306								75,299
	282								262								234
	11,108								9,993								11,540
	46,345								45,903								45,855
	$358,990							$	355,913							$	352,640
						2.54	%							2.60	%							2.60	%
						.16								.15								.13
			$	2,116		2.70	%				$	2,146		2.75	%				$	2,101		2.73	%

(b) Loan fees for the six months ended June 30, 2016 and June 30, 2015 were $60 million and $50 million, respectively. Loan fees for the three months ended June 30, 2016, March 31, 2016 and June 30, 2015 were $34 million, $26 million and $23 million, respectively.

(c) To provide more meaningful comparisons of net interest margin for all earning assets, interest income includes the effects of taxable-equivalent adjustments using a statutory federal income tax rate of 35% to increase tax-exempt interest income to a taxable-equivalent basis. This adjustment is not permitted under GAAP. The taxable-equivalent adjustments to interest income for the six months ended June 30, 2016 and June 30, 2015 were $96 million and $98 million, respectively. The taxable-equivalent adjustments to interest income for the three months ended June 30, 2016, March 31, 2016 and June 30, 2015 were $48 million, $48 million and $49 million, respectively.

The PNC Financial Services Group, Inc. – Form 10-Q    99

TRANSITIONAL BASEL III AND PRO FORMA FULLY PHASED-IN BASEL III COMMON EQUITY TIER 1 CAPITAL RATIOS – 2015 PERIODS

	2015 Transitional Basel III						Pro forma Fully Phased-In Basel III (estimated) (a) (b)
Dollars in millions	December 31 2015			June 30 2015			December 31 2015			June 30 2015
Common stock, related surplus and retained earnings, net of treasury stock	$	41,128		$	40,688		$	41,128		$	40,688
Less regulatory capital adjustments:
Goodwill and disallowed intangibles, net of deferred tax liabilities		(8,972	)		(8,999	)		(9,172	)		(9,223	)
Basel III total threshold deductions		(470	)		(430	)		(1,294	)		(1,159	)
Accumulated other comprehensive income (c)		(81	)		22			(201	)		53
All other adjustments		(112	)		(101	)		(182	)		(148	)
Basel III Common equity Tier 1 capital	$	31,493		$	31,180		$	30,279		$	30,211
Basel III standardized approach risk-weighted assets (d)	$	295,905		$	293,862		$	303,707		$	301,688
Basel III advanced approaches risk-weighted assets (e)		N/A			N/A		$	264,931		$	286,277
Basel III Common equity Tier 1 capital ratio		10.6	%		10.6	%		10.0	%		10.0	%
Risk weight and associated rules utilized		Standardized (with 2015 transition adjustments)						Standardized

(a) PNC utilizes the pro forma fully phased-in Basel III capital ratios to assess its capital position (without the benefit of phase-ins), including comparison to similar estimates made by other financial institutions.

(b) Basel III capital ratios and estimates may be impacted by additional regulatory guidance and, in the case of those ratios calculated using the advanced approaches, may be subject to variability based on the ongoing evolution, validation and regulatory approval of PNC’s models that are integral to the calculation of advanced approaches risk-weighted assets as PNC moves through the parallel run process.

(c) Represents net adjustments related to accumulated other comprehensive income for securities currently and previously held as available for sale, as well as pension and other postretirement plans.

(d) Basel III standardized approach risk-weighted assets are based on the Basel III standardized approach rules and include credit and market risk-weighted assets.

(e) Basel III advanced approaches risk-weighted assets are based on the Basel III advanced approaches rules, and include credit, market and operational risk-weighted assets. During the parallel run qualification phase PNC has refined the data, models and internal processes used as part of the advanced approaches for determining risk-weighted assets. Refinements implemented in the fourth quarter of 2015 reduced estimated Basel III advanced approaches risk-weighted assets. We anticipate additional refinements may result in increases or decreases to this estimate through the parallel run qualification phase.

100    The PNC Financial Services Group, Inc. – Form 10-Q

PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

See the information set forth in Note 12 Legal Proceedings in the Notes To Consolidated Financial Statements under Part I, Item 1 of this Report, which is incorporated by reference in response to this item.

ITEM 1A. RISK FACTORS

There are no material changes from any of the risk factors previously disclosed in PNC’s 2015 Form 10-K in response to Part I, Item 1A.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Details of our repurchases of PNC common stock during the second quarter of 2016 are included in the following table:

2016 period In thousands, except per share data	Total shares purchased (a)		Average price paid per share		Total shares purchased as part of publicly announced programs (b)		Maximum number of shares that may yet be purchased under the programs (b)
April 1 – 30		20	$	78.56				76,184
May 1 – 31		3,246	$	86.78		3,246		72,938
June 1 – 30		2,880	$	84.91		2,877		70,061
Total		6,146	$	85.88

(a) Includes PNC common stock purchased in connection with our various employee benefit plans generally related to forfeitures of unvested restricted stock awards and shares used to cover employee payroll tax withholding requirements. Note 12 Employee Benefit Plans and Note 13 Stock Based Compensation Plans in the Notes To Consolidated Financial Statements in Item 8 of our 2015 Annual Report on Form 10-K include additional information regarding our employee benefit and equity compensation plans that use PNC common stock.

(b) On March 11, 2015, we announced that our Board of Directors had approved the establishment of a new stock repurchase program authorization in the amount of 100 million shares of PNC common stock, effective April 1, 2015. Repurchases are made in open market or privately negotiated transactions and the timing and exact amount of common stock repurchases will depend on a number of factors including, among others, market and general economic conditions, economic capital and regulatory capital considerations, alternative uses of capital, the potential impact on our credit ratings, and contractual and regulatory limitations, including the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the Federal Reserve as part of the CCAR process.

Our 2015 capital plan, submitted as part of the CCAR process and accepted by the Federal Reserve, included share repurchase programs of up to $2.875 billion for the five quarter period ending with the second quarter of 2016. This amount does not include share repurchases in connection with various employee benefit plans referenced in note (a). In the second quarter of 2016, in accordance with PNC’s 2015 capital plan and under the share repurchase authorization in effect during that period, we repurchased 6.1 million shares of common stock on the open market, with an average price of $85.91 per share and an aggregate repurchase price of $.5 billion. See the Capital portion of the Consolidated Balance Sheet Review in Part I, Item 2 of this Report for more information on the share repurchase programs under the new share repurchase authorization for the period July 1, 2016 through June 30, 2017 included in the 2016 capital plan accepted by the Federal Reserve.

ITEM 6. EXHIBITS

The following exhibit index lists Exhibits filed, or in the case of Exhibits 32.1 and 32.2 furnished, with this Quarterly Report on Form 10-Q:

EXHIBIT INDEX

4.20.3	Amendment No. 2 to Issuing and Paying Agency Agreement, dated May 27, 2016, between PNC Bank, National Association and PNC Bank, National Association, relating to the $40 billion Global Bank Note Program for the Issue of Senior and Subordinated Bank Notes
10.48.3	Amendment No. 2 to Distribution Agreement, dated May 27, 2016, between PNC Bank, National Association and the Dealers named therein, relating to the $40 billion Global Bank Note Program for the Issue of Senior and Subordinated Bank Notes
10.50	The PNC Financial Services Group, Inc. 2016 Incentive Award Plan (Incorporated herein by reference to Exhibit 99.1 of the Corporation’s Form S-8 (File No. 333-210995) filed April 29, 2016)
12.1	Computation of Ratio of Earnings to Fixed Charges
12.2	Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification by Chief Executive Officer pursuant to 18 U.S.C. Section 1350
32.2	Certification by Chief Financial Officer pursuant to 18 U.S.C. Section 1350
101	Interactive Data File (XBRL)

You can obtain copies of these Exhibits electronically at the SEC’s website at www.sec.gov or by mail from the Public Reference Section of the SEC at 100 F Street, N.E., Washington, DC 20549 at prescribed rates. The Exhibits are also available as part of this Form 10-Q on PNC’s corporate website at www.pnc.com/secfilings. Shareholders and bondholders may also obtain copies of Exhibits, without charge, by contacting Shareholder Relations at 800-843-2206 or via e-mail at investor.relations@pnc.com. The interactive data file (XBRL) exhibit is only available electronically.

The PNC Financial Services Group, Inc. – Form 10-Q    101

CORPORATE INFORMATION

The PNC Financial Services Group, Inc.

Corporate Headquarters

The PNC Financial Services Group, Inc.

The Tower at PNC Plaza, 300 Fifth Avenue

Pittsburgh, Pennsylvania 15222-2401

412-762-2000

Stock Listing

The common stock of The PNC Financial Services Group, Inc. is listed on the New York Stock Exchange under the symbol “PNC”.

Internet Information

The PNC Financial Services Group, Inc.’s financial reports and information about its products and services are available on the internet at www.pnc.com. We provide information for investors on our corporate website under “About Us – Investor Relations.” We use our Twitter account, @pncnews, as an additional way of disseminating to the public information that may be relevant to investors.

We generally post the following under “About Us – Investor Relations” shortly before or promptly following its first use or release: financially-related press releases, including earnings releases and supplemental financial information, various SEC filings, including annual, quarterly and current reports and proxy statements, presentation materials associated with earnings and other investor conference calls or events, and access to live and recorded audio from earnings and other investor conference calls or events. In some cases, we may post the presentation materials for other investor conference calls or events several days prior to the call or event. When warranted, we will also use our website to expedite public access to time-critical information regarding PNC in advance of distribution of a press release or a filing with the SEC disclosing the same information. For earnings and other conference calls or events, we generally include in our posted materials a cautionary statement regarding forward-looking and adjusted information and we provide GAAP reconciliations when we refer to adjusted information and results. Where applicable, we provide GAAP reconciliations for such additional information in materials for that event or in materials for other prior investor presentations or in our annual, quarterly or current reports.

PNC is required periodically to provide additional public disclosure regarding estimated income, losses and pro forma regulatory capital ratios under supervisory and PNC-developed hypothetical severely adverse economic scenarios, as well as information concerning our capital stress testing processes, pursuant to the stress testing regulations adopted by the Federal Reserve and the OCC. PNC is also required to

make certain additional regulatory capital-related public disclosures about PNC’s capital structure, risk exposures, risk assessment processes, risk-weighted assets and overall capital adequacy, including market risk-related disclosures, under the regulatory capital rules adopted by the Federal banking agencies. Under these regulations, PNC may satisfy these requirements through postings on our website, and PNC has done so and expects to continue to do so without also providing disclosure of this information through filings with the SEC.

Other information posted on our corporate website that may not be available in our filings with the SEC includes information relating to our corporate governance and communications from our chairman to shareholders.

Where we have included web addresses in this Report, such as our web address and the web address of the SEC, we have included those web addresses as inactive textual references only. Except as specifically incorporated by reference into this Report, information on those websites is not part hereof.

Financial Information

We are subject to the informational requirements of the Securities Exchange Act of 1934 (Exchange Act) and, in accordance with the Exchange Act, we file annual, quarterly and current reports, proxy statements, and other information with the SEC. Our SEC File Number is 001-09718. You can obtain copies of these and other filings, including exhibits, electronically at the SEC’s internet website at www.sec.gov or on PNC’s corporate internet website at www.pnc.com/secfilings. Shareholders and bond holders may also obtain copies of these filings without charge by contacting Shareholder Services at 800-982-7652 or via the online contact form at www.computershare.com/contactus for copies without exhibits, and by contacting Shareholder Relations at 800-843-2206 or via email at investor.relations@pnc.com for copies of exhibits, including financial statement and schedule exhibits where applicable. The interactive data file (XBRL) exhibit is only available electronically.

Corporate Governance at PNC

Information about our Board of Directors and its committees and corporate governance at PNC is available on PNC’s corporate website at www.pnc.com/corporategovernance. Our PNC Code of Business Conduct and Ethics is available on our corporate website at www.pnc.com/corporategovernance. In addition, any future amendments to, or waivers from, a provision of the PNC Code of Business Conduct and Ethics that applies to our directors or executive officers (including our principal executive officer, principal financial officer, and principal accounting officer or controller) will be posted at this internet address.

Shareholders who would like to request printed copies of the PNC Code of Business Conduct and Ethics or our Corporate

102    The PNC Financial Services Group, Inc. – Form 10-Q

Governance Guidelines or the charters of our Board’s Audit, Nominating and Governance, Personnel and Compensation, or Risk Committees (all of which are posted on the PNC corporate website) may do so by sending their requests to PNC’s Corporate Secretary at corporate headquarters at the above address. Copies will be provided without charge to shareholders.

Inquiries

For financial services call 888-PNC-2265.

Registered shareholders should contact Shareholder Services at 800-982-7652.

Analysts and institutional investors should contact Bryan K. Gill, Senior Vice President, Director of Investor Relations, at 412-768-4143 or via email at investor.relations@pnc.com.

News media representatives and others seeking general information should contact Fred Solomon, Senior Vice President, Corporate Communications, at 412-762-4550 or via email at corporate.communications@pnc.com.

Common Stock Prices/Dividends Declared

The table below sets forth by quarter the range of high and low sale and quarter-end closing prices for The PNC Financial Services Group, Inc. common stock and the cash dividends declared per common share.

	High		Low		Close		Cash Dividends Declared (a)
2016 Quarter
First	$	94.26	$	77.67	$	84.57	$	.51
Second		90.85		77.40		81.39		.51
Total							$	1.02
2015 Quarter
First	$	96.71	$	81.84	$	93.24	$	.48
Second		99.61		90.42		95.65		.51
Third		100.52		82.77		89.20		.51
Fourth		97.50		84.93		95.31		.51
Total							$	2.01

(a) Our Board approved a third quarter 2016 cash dividend of $.55 per common share, which is payable on August 5, 2016.

Dividend Policy

Holders of PNC common stock are entitled to receive dividends when declared by the Board of Directors out of funds legally available for this purpose. Our Board of Directors may not pay or set apart dividends on the common stock until dividends for all past dividend periods on any series of outstanding preferred stock have been paid or declared and set apart for payment. The Board presently intends to continue the policy of paying quarterly cash

dividends. The amount of any future dividends will depend on economic and market conditions, our financial condition and operating results, and other factors, including contractual restrictions and applicable government regulations and policies (such as those relating to the ability of bank and non-bank subsidiaries to pay dividends to the parent company and regulatory capital limitations). The amount of our dividend is also currently subject to the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the Federal Reserve as part of the Comprehensive Capital Analysis and Review (CCAR) process as described in the Executive Summary section of the Financial Review of this Report and in the Supervision and Regulation section in Item 1 of our 2015 Form 10-K.

Dividend Reinvestment And Stock Purchase Plan

The PNC Financial Services Group, Inc. Dividend Reinvestment and Stock Purchase Plan enables holders of our common stock to conveniently purchase additional shares of common stock. You can obtain a prospectus and enrollment form by contacting Shareholder Services at 800-982-7652.

Stock Transfer Agent And Registrar

Computershare Trust Company, N.A.

250 Royall Street

Canton, MA 02021

800-982-7652

Registered shareholders may contact the above phone number regarding dividends and other shareholder services.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on August 3, 2016 on its behalf by the undersigned thereunto duly authorized.

/s/ Robert Q. Reilly

Robert Q. Reilly

Executive Vice President and Chief Financial Officer

(Principal Financial Officer)

The PNC Financial Services Group, Inc. – Form 10-Q    103

EX-4.20.3

EXHIBIT 4.20.3

EXECUTION VERSION

PNC BANK, NATIONAL ASSOCIATION

AMENDMENT NO. 2

TO THE ISSUING AND PAYING AGENCY AGREEMENT

May 27, 2016

WHEREAS, the parties hereto have previously entered into an Issuing and Paying Agency Agreement, dated January 16, 2014 (as amended on May 22, 2015, the “Issuing and Paying Agency Agreement”), whereby PNC Bank, National Association (the “Bank”) appointed PNC Bank, National Association (the “Issuing and Paying Agent”) to act, on the terms and conditions specified therein, as issuing and paying agent for the Global Bank Notes and to perform such other responsibilities as are described therein.

WHEREAS, the Bank has previously entered into a Distribution Agreement, dated January 16, 2014 (as amended on May 22, 2015, and as further amended by the Distribution Agreement Amendment (as defined below), the “Distribution Agreement”), with respect to the issue and sale by the Bank through the dealers listed on Schedule I thereto (the “Dealers”) of its Bank Notes (each, a “Bank Note” and collectively, the “Bank Notes”) in such amounts as may be duly authorized by the Bank.

WHEREAS, pursuant to resolutions duly adopted by the board of directors of the Bank, dated May 18, 2016, a copy of which the Bank has provided to the Issuing and Paying Agent, the maximum aggregate principal amount of Global Bank Notes which may be issued and outstanding at any one time has been increased to $40,000,000,000.

WHEREAS, on the date hereof, the Bank and the Dealers have agreed to an amendment of the Distribution Agreement (the “Distribution Agreement Amendment”), to among other things, memorialize the increase in the maximum aggregate principal amount of Bank Notes that may be issued and outstanding.

WHEREAS, the parties hereto wish to amend the terms of the Issuing and Paying Agency Agreement as set forth in this amendment (“Amendment No. 2”).

NOW, THEREFORE, in consideration of the premises and the representations, warranties and agreements contained herein, and for other good and valuable consideration, the sufficiency and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows:

SECTION 1. Amendment to the Terms of the Issuing and Paying Agency Agreement.

(a) Definitions. All capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed thereto in the Issuing and Paying Agency Agreement.

i. Modifications to the Issuing and Paying Agency Agreement. References to the “Offering Circular” shall be deemed to refer to Offering Circular as defined in the Distribution Agreement.

ii. The fourth paragraph of Section 1 is replaced in its entirety with the following:

“The aggregate principal amount of the Global Bank Notes which may be issued and outstanding under this Agreement at any one time is $40,000,000,000; provided, that such maximum aggregate principal amount may be increased at any time pursuant to a resolution duly adopted by the board of directors of the Bank, which resolution shall be promptly provided to the Issuing and Paying Agent.”

(b) Interpretation. Upon the execution and delivery of this Amendment No. 2, the Issuing and Paying Agency Agreement shall be modified and amended in accordance with this Amendment No. 2, and all the terms and conditions of both shall be read together as though they constitute one instrument, except that, in case of conflict, the provisions of this Amendment No. 2 will control. For the avoidance of doubt, references in the Issuing and Paying Agency Agreement to this “Agreement” shall refer to the Issuing and Paying Agency Agreement, as amended by this Amendment No. 2.

(c) Ratification. The Issuing and Paying Agency Agreement, as modified and amended by this Amendment No. 2, is hereby ratified and confirmed in all respects and shall bind each party hereto.

SECTION 2. Notices.

(d) All communications by or on behalf of the Bank relating to the issuance, transfer, exchange or payment of Bank Notes or interest thereon shall be directed to the offices of the Issuing and Paying Agent located at 116 Allegheny Center Mall P8-YB35-02-8, Pittsburgh, Pennsylvania 15122, Attention: Securities Settlement, or to such other offices as the Issuing and Paying Agent shall specify in writing to the Bank. The Bank will send all Global Bank Notes to be completed and delivered by the Issuing and Paying Agent to such offices or such other offices as the Issuing and Paying Agent shall specify in writing to the Bank.

2

(e) All other notices and communications hereunder shall be in writing and shall be addressed as follows:

(i) If to the Bank:

PNC Bank, National Association

The Tower at PNC Plaza

300 Fifth Avenue

6th Floor

Pittsburgh, Pennsylvania 15222-2401

Attention: Lisa Kovac

Telephone: 412-762-8400

Fax: 412-762-1728

Email: lisa.kovac@pnc.com

(ii) If to the Issuing and Paying Agent:

PNC Bank, National Association

116 Allegheny Center Mall

P8-YB35-02-8

Pittsburgh, Pennsylvania 15212

Attention: Security Settlements

SECTION 3. Governing Law.

This Amendment No. 2 shall be governed by, construed and enforced in accordance with, the laws of the Commonwealth of Pennsylvania applicable to agreements made and to be performed in such Commonwealth, without regard to conflicts of laws principles.

SECTION 4. Counterparts.

This Amendment No. 2 may be executed by the parties hereto in any number of counterparts, and by each of the parties hereto in separate counterparts, and each such counterpart, when so executed and delivered, shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument.

3

IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to be executed on their behalf by their officers thereunto duly authorized, all as of the day and year first above written.

PNC BANK, NATIONAL ASSOCIATION, as the Bank
By:	/s/ Randall C. King
	Name:	Randall C. King
	Title:	Executive Vice President
PNC BANK, NATIONAL ASSOCIATION, as the Issuing and Paying Agent
By:	/s/ Lisa M. Kovac
	Name:	Lisa M. Kovac
	Title:	Senior Vice President

[Signature Page to Amendment No. 2 to the Issuing and Paying Agency Agreement]

EX-10.48.3

EXHIBIT 10.48.3

EXECUTION VERSION

PNC BANK, NATIONAL ASSOCIATION

US$40,000,000,000

Global Bank Note Program

for the Issue of Senior and Subordinated Bank Notes

with Maturities of more than nine months from Date of Issue

AMENDMENT NO. 2

TO THE DISTRIBUTION AGREEMENT

May 27, 2016

CITIGROUP GLOBAL MARKETS INC.

388 Greenwich Street

New York, NY 10013

AND EACH OF THE DEALERS LISTED

 ON SCHEDULE I HERETO

WHEREAS, the parties hereto have previously entered into a Distribution Agreement, dated January 16, 2014 (as amended on May 22, 2015, the “Distribution Agreement”), with respect to the issue and sale by PNC Bank, National Association (the “Issuing Bank”) to Citigroup Global Markets Inc. and each of the other dealers listed on Schedule I hereto (each referred to as a “Dealer” and collectively referred to as the “Dealers”) of (i) senior unsecured debt obligations, with maturities of more than nine months, not insured by the Federal Deposit Insurance Corporation (the “Senior Notes”) and (ii) subordinated unsecured debt obligations, with maturities of five years or more from their date of issue, not insured by the Federal Deposit Insurance Corporation (the “Subordinated Notes” and, together with the Senior Notes, the “Bank Notes”).

WHEREAS, the parties hereto wish to amend the terms of the Distribution Agreement as set forth in this amendment (“Amendment No. 2”).

NOW, THEREFORE, in consideration of the premises and the representations, warranties and agreements contained herein, and for other good and valuable consideration, the sufficiency and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows:

SECTION 1. Amendment to the Terms of the Distribution Agreement.

(a) Definitions. All capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed thereto in the Distribution Agreement.

(b) Modifications to the Distribution Agreement.

i. The second sentence of Section 1(b) of the Distribution Agreement is replaced in its entirety with the following:

“Bank Notes may be outstanding at any one time in an aggregate maximum principal amount equal to US$40,000,000,000, inclusive of any notes outstanding which have been issued prior to the date of this Offering Circular by the Bank or entities that have been acquired by the Bank.”

ii. The first sentence of Section 2(a)(i) of the Distribution Agreement is replaced in its entirety with the following:

“The Issuing Bank has caused to be prepared an offering circular, dated May 27, 2016, to be used by the Dealers in connection with the Dealers’ solicitation of purchasers of or offering of the Bank Notes.”

iii. The first sentence of Section 2(a)(iii) of the Distribution Agreement is replaced in its entirety with the following:

“The Issuing Bank has all corporate power and authority necessary to execute, deliver and perform, and it has duly authorized, executed and delivered, this Agreement, the Issuing and Paying Agency Agreement dated as of January 16, 2014 (as amended on May 22, 2015 and May 27, 2016 and from time to time thereafter, the “Agency Agreement”), between the Issuing Bank and PNC Bank, National Association, as issuing and paying agent, and the Interest Calculation Agreement dated as of January 16, 2014 (as amended on May 22, 2015 and May 27, 2016 and from time to time thereafter, the “Interest Calculation Agreement”), between the Issuing Bank and PNC Bank, National Association, as the interest calculation agent (in such capacity, the “Calculation Agent,” which term shall include any successor thereto).”

iv. The first sentence of Section 6(b) of the Distribution Agreement is replaced in its entirety with the following:

“On the date hereof and, if required pursuant to Section 8(b) hereof, on each other applicable date, as the case may be, the Dealers shall have received a certificate of the President, an Executive Vice President, a Senior Vice President, a Vice President, an Assistant Vice President, or the equivalent thereof, of the Issuing Bank reasonably satisfactory to the Dealers, substantially in the form of Exhibit C hereto.”

2

v. The first sentence of Section 6(c) of the Distribution Agreement is replaced in its entirety with the following:

“On the date hereof and, if required pursuant to Section 8(b) hereof, on each other applicable date, as the case may be the Dealers shall have received a certificate of the President, an Executive Vice President, a Senior Vice President, a Vice President or an Assistant Vice President of the Parent, substantially in the form of Exhibit D hereto.”

(c) Interpretation. Upon the execution and delivery of this Amendment No. 2, the Distribution Agreement shall be modified and amended in accordance with this Amendment No. 2, and all the terms and conditions of both shall be read together as though they constitute one instrument, except that, in case of conflict, the provisions of this Amendment No. 2 will control. For the avoidance of doubt, references in the Distribution Agreement to this “Agreement” shall refer to the Distribution Agreement, as amended by this Amendment No. 2.

(d) Ratification. The Distribution Agreement, as modified and amended by this Amendment No. 2, is hereby ratified and confirmed in all respects and shall bind each party hereto.

SECTION 2. Representations and Warranties of the Issuing Bank.

(a) The Issuing Bank represents and warrants to each Dealer as of the date hereof, as follows:

i. The Issuing Bank has all corporate power and authority necessary to execute, deliver and perform, and it has duly authorized, executed and delivered this Amendment No. 2; Amendment No. 2 to the Issuing and Paying Agency Agreement dated as of January 16, 2014, between the Issuing Bank and PNC Bank, National Association, as issuing and paying agent; and Amendment No. 2 to the Interest Calculation Agreement dated as of January 16, 2014, between the Issuing Bank and PNC Bank, National Association, as the interest calculation agent. This Amendment No. 2, the Distribution Agreement (as amended on the date hereof), the Agency Agreement (as amended on the date hereof) and the Interest Calculation Agreement (as amended on the date hereof) are valid and legally binding agreements of the Issuing Bank, enforceable against the Issuing Bank in accordance with their respective terms, subject to applicable bankruptcy, liquidation, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to, or affecting, the rights of creditors of national banking associations, including laws relating to conservatorship and receivership of insured depository institutions, and to general equity principles.

3

ii. Each of the representations and warranties in Section 2(a) of the Distribution Agreement are true and correct as of the date hereof.

SECTION 3. Conditions of Dealers’ Obligations.

The continued obligations of the Dealers under the Distribution Agreement shall be subject to the receipt on the date hereof of the opinions and certificates described in Sections 6(a), 6(b), 6(c), 6(d), 6(e), 6(f) and 6(g) of the Distribution Agreement, provided however, that the disclosure statement described in Section 6(a)(i)(C) need not be provided.

SECTION 4. Notices.

Unless otherwise provided herein, all notices required under the terms and provisions hereof shall be in writing, either delivered by hand, by mail or by telex, telecopier or telegram, and any such notice shall be effective when received at the address specified below.

If to the Issuing Bank:

PNC Bank, National Association

The Tower at PNC Plaza

300 Fifth Avenue

6th Floor

Pittsburgh, PA 15222-2401

Attention: Lisa Kovac

Facsimile Number: (412) 762-1728

Telephone Number: (412) 762-8400

If to the Parent:

The PNC Financial Services Group, Inc.

The Tower at PNC Plaza

300 Fifth Avenue

6th Floor

Pittsburgh, PA 15222-2401

Attention: Lisa Kovac

Facsimile Number: (412) 762-1728

Telephone Number: (412) 762-8400

If to Citigroup Global Markets Inc.:

Citigroup Global Markets Inc.

388 Greenwich Street

New York, NY 10013

Attention: Transaction Execution Group

Facsimile Number: (646) 291-5209

Telephone Number: (212) 816-1135

4

If to any other Dealer: at its notice address(es) specified on Schedule I hereto or at such other address as such party may designate from time to time by notice duly given in accordance with the terms of this Section 4.

SECTION 5. Parties.

This Amendment No. 2 shall inure to the benefit of and be binding upon the Dealers and the Issuing Bank and their respective successors. Nothing expressed or mentioned in this Amendment No. 2 is intended or shall be construed to give any person, firm or corporation, other than the parties hereto and their respective successors and the controlling persons, directors and affiliates referred to in Sections 9 and 10 of the Distribution Agreement and their heirs and legal representatives, any legal or equitable right, remedy or claim under or in respect of this Amendment No. 2 or any provision herein or therein contained.

This Amendment No. 2 and all conditions and provisions hereof are intended to be for the sole and exclusive benefit of the parties hereto and their respective successors and said controlling persons, directors and affiliates and their heirs and legal representatives, and for the benefit of no other person, firm or corporation. No purchaser of Bank Notes shall be deemed to be a successor by reason merely of such purchase. Notwithstanding the foregoing, the purchasers referred to in Section 4(j) of the Distribution Agreement shall have the rights set forth therein.

SECTION 6. Waiver of Jury Trial.

The Issuing Bank and each of the Dealers hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Amendment No. 2 or the transactions contemplated hereby.

SECTION 7. Governing Law.

This Amendment No. 2 and all the rights and obligations of the parties shall be governed by and construed in accordance with the laws of the State of New York, excluding any choice-of-law principles that would otherwise require the application of the law of any other jurisdiction.

SECTION 8. Counterparts.

This Amendment No. 2 may be executed by any one or more of the parties hereto in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument.

5

If the foregoing is in accordance with your understanding of our agreement, please sign and return to the Issuing Bank a counterpart hereof, whereupon this instrument along with all counterparts will become a binding agreement between the Issuing Bank and each of the Dealers in accordance with its terms.

Very truly yours,
PNC BANK, NATIONAL ASSOCIATION
by	/s/ Randall C. King
	Name: Randall C. King Title: Executive Vice President

[Signature Page to Amendment No. 2 to the Distribution Agreement]

CONFIRMED AND ACCEPTED,

as of the date first above written:

CITIGROUP GLOBAL MARKETS INC.

by	/s/ Jack D. McSpadden, Jr.
	Name: Jack D. McSpadden, Jr.
	Title: Managing Director

BARCLAYS CAPITAL INC.

by	/s/ Paige Maire
	Name: Paige Maire
	Title: Managing Director

CREDIT SUISSE SECURITIES (USA) LLC

by	/s/ Sharon Harrison
	Name: Sharon Harrison
	Title: Director

DEUTSCHE BANK SECURITIES INC.

by	/s/ Tom Criqui
	Name: Tom Criqui
	Title: Managing Director/Debt Syndicate
	Deutsche Bank Securities Inc.

by	/s/ Christopher J. Kulusic
	Name: Christopher J. Kulusic
	Title: Director
	Deutsche Bank Securities Inc.
	Debt Syndicate

GOLDMAN, SACHS & CO.

by	/s/ Adam Greene
	Name: Adam Greene
	Title: Vice President

[Signature Page to Amendment No. 2 to the Distribution Agreement]

JEFFERIES LLC

by	/s/ Matt Casey
	Name: Matt Casey
	Title: Managing Director

J.P. MORGAN SECURITIES LLC

by	/s/ Stephen L. Sheiner
	Name: Stephen L. Sheiner
	Title: Executive Director

MERRILL LYNCH, PIERCE, FENNER & SMITH

                        INCORPORATED

by	/s/ Jacqueline Cleary
	Name: Jacqueline Cleary
	Title: Managing Director

MORGAN STANLEY & CO. LLC

by	/s/ Yurij Slyz
	Name: Yurij Slyz
	Title: Executive Director

PNC CAPITAL MARKETS LLC

by	/s/ Robert W. Thomas
	Name: Robert W. Thomas
	Title: Managing Director

SANDLER O’NEILL & PARTNERS, L.P.

By: Sandler O’Neill & Partners Corp.,

its general partner

by	/s/ Robert A. Kleinert
	Name: Robert A. Kleinert
	Title: An Officer of the Corporation

[Signature Page to Amendment No. 2 to the Distribution Agreement]

U.S. BANCORP INVESTMENTS, INC.

by	/s/ Kyle Stegemeyer
	Name: Kyle Stegemeyer
	Title: Managing Director

WELLS FARGO SECURITIES, LLC

by	/s/ Jeremy Schwartz
	Name: Jeremy Schwartz
	Title: Managing Director

[Signature Page to Amendment No. 2 to the Distribution Agreement]

SCHEDULE I

Contact Information for

Notices to Dealers

Citigroup Global Markets Inc.

388 Greenwich Street

New York, New York 10013

Attention: General Counsel

Phone: 212-816-1135

Fax: 646-291-1469

Barclays Capital Inc.

745 Seventh Avenue, 5th Floor

New York, New York 10019

Attention: Syndicate Registration

Phone: 888-603-5847

Fax: 636-284-0844

Credit Suisse Securities (USA) LLC

Eleven Madison Avenue

New York, New York 10010-3629

Attention: Short and Medium Term Finance

Phone: 212-325-2501

Fax: 212-743-1953

Deutsche Bank Securities Inc.

60 Wall Street

New York, New York 10005

Attention: Debt Capital Markets Syndicate

Fax: 212-797-2202

with a copy to:

General Counsel

Fax: 212-797-4561

Goldman, Sachs & Co.

200 West Street

New York, New York 10282

Attention: Prospectus Department

Phone: 866-471-2526

Fax: 212-902-9316

E-mail: prospectus-ny@ny.email.gs.com

S-I-1

Jefferies LLC

520 Madison Avenue

New York, New York 10022

Attention: General Counsel

Phone: 212-284-8188

Fax: 646-785-5992

J.P. Morgan Securities LLC

383 Madison Avenue

New York, New York 10179

Attention: Investment Grade Syndicate Desk

Phone: 212-834-4533

Fax: 212-834-6081

Merrill Lynch, Pierce, Fenner & Smith Incorporated

50 Rockefeller Plaza

NY1-050-12-02

New York, New York 10020

Facsimile: (646) 855-5958

Attention: High Grade Transaction Management/Legal

Morgan Stanley & Co. LLC

1585 Broadway

New York, New York 10036

Attention: Investment Banking Division

Phone: 212-761-6691

Fax: 212-507-8999

PNC Capital Markets LLC

340 Madison Ave

New York, NY 10173

Attention: Christopher Rekow

Phone: 212-210-9987

with a copy to:

Jon R. Mooney

The Tower at PNC Plaza

300 Fifth Avenue

19th Floor

Pittsburgh, PA 15222-2401

Phone: 412-645-5012

Fax: 412-762-9001

S-I-2

Sandler O’Neill & Partners, L.P.

1251 Avenue of the Americas, 6th Floor

New York, NY 10020

Attention: Syndicate

Phone: 212-466-7800

Fax: 212-466-7991

U.S. Bancorp Investments, Inc.

214 North Tryon Street, 26th Floor

Charlotte, North Carolina 28202

Attention: High Grade Syndicate

Phone: 877-558-2607

Fax: 877-774-3642

Wells Fargo Securities, LLC

550 S. Tryon Street, 5th Floor

Charlotte, North Carolina 28202

Attention: Transaction Management

Phone: 704-410-4792

Fax: 704-410-0326

S-I-3

EX-12.1

EXHIBIT 12.1

The PNC Financial Services Group, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges (1)

Dollars in millions	Six Months Ended June 30, 2016			Year Ended December 31
				2015			2014			2013			2012			2011
Earnings
Pretax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees	$	2,256		$	4,860		$	4,993		$	5,148		$	3,594		$	3,785
Add:
Distributed income of equity investees		162			310			275			242			216			198
Fixed charges excluding interest on deposits		490			796			734			664			853			951
Less:
Noncontrolling interests in pretax income of subsidiaries that have not incurred fixed charges		44			93			96			112			137			154
Interest capitalized					1			1
Earnings excluding interest on deposits		2,864			5,872			5,905			5,942			4,526			4,780
Interest on deposits		209			403			325			344			386			668
Total earnings	$	3,073		$	6,275			6,230			6,286			4,912			5,448
Fixed charges
Interest on borrowed funds	$	416		$	640		$	581		$	516		$	696		$	791
Interest component of rentals		74			153			152			148			145			125
Amortization of notes and debentures					2									12			35
Interest capitalized					1			1
Fixed charges excluding interest on deposits		490			796			734			664			853			951
Interest on deposits		209			403			325			344			386			668
Total fixed charges	$	699		$	1,199		$	1,059		$	1,008		$	1,239		$	1,619
Ratio of earnings to fixed charges
Excluding interest on deposits		5.84	x		7.38	x		8.04	x		8.95	x		5.31	x		5.03	x
Including interest on deposits		4.40			5.23			5.88			6.24			3.96			3.37

(1) As defined in Item 503(d) of Regulation S-K.

EX-12.2

EXHIBIT 12.2

The PNC Financial Services Group, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends (1)

Dollars in millions	Six Months Ended June 30, 2016			Year Ended December 31
				2015			2014			2013			2012			2011
Earnings
Pretax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees	$	2,256		$	4,860		$	4,993		$	5,148		$	3,594		$	3,785
Add:
Distributed income of equity investees		162			310			275			242			216			198
Fixed charges and preferred stock dividends excluding interest on deposits		651			1,134			1,091			1,028			1,125			1,037
Less:
Noncontrolling interests in pretax income of subsidiaries that have not incurred fixed charges		44			93			96			112			137			154
Interest capitalized					1			1
Preferred stock dividend requirements		161			338			357			364			272			86
Earnings excluding interest on deposits		2,864			5,872			5,905			5,942			4,526			4,780
Interest on deposits		209			403			325			344			386			668
Total earnings	$	3,073		$	6,275		$	6,230		$	6,286		$	4,912		$	5,448
Fixed charges and preferred stock dividends
Interest on borrowed funds	$	416		$	640		$	581		$	516		$	696		$	791
Interest component of rentals		74			153			152			148			145			125
Amortization of notes and debentures					2									12			35
Interest capitalized					1			1
Preferred stock dividend requirements		161			338			357			364			272			86
Fixed charges and preferred stock dividends excluding interest on deposits		651			1,134			1,091			1,028			1,125			1,037
Interest on deposits		209			403			325			344			386			668
Total fixed charges and preferred stock dividends	$	860		$	1,537		$	1,416		$	1,372		$	1,511		$	1,705
Ratio of earnings to fixed charges and preferred stock dividends
Excluding interest on deposits		4.40	x		5.18	x		5.41	x		5.78	x		4.02	x		4.61	x
Including interest on deposits		3.57			4.08			4.40			4.58			3.25			3.20

(1) As defined in Item 503(d) of Regulation S-K.

EX-31.1

EXHIBIT 31.1

In accordance with Exchange Act Rules 13a-14(f) and 15d-14(f), this certification does not relate to Interactive Data Files as defined in Rule 11 of Regulation S-T.

Certification of Chief Executive Officer

I, William S. Demchak, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the quarter ended June 30, 2016 of The PNC Financial Services Group, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 3, 2016

/s/    William S. Demchak

William S. Demchak

Chairman, President and Chief Executive Officer

EX-31.2

EXHIBIT 31.2

In accordance with Exchange Act Rules 13a-14(f) and 15d-14(f), this certification does not relate to Interactive Data Files as defined in Rule 11 of Regulation S-T.

Certification of Chief Financial Officer

I, Robert Q. Reilly, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the quarter ended June 30, 2016 of The PNC Financial Services Group, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 3, 2016

/s/    Robert Q. Reilly

Robert Q. Reilly

Executive Vice President and Chief Financial Officer

EX-32.1

EXHIBIT 32.1

In accordance with Exchange Act Rules 13a-14(f) and 15d-14(f), this certification does not relate to Interactive Data Files as defined in Rule 11 of Regulation S-T.

CERTIFICATION BY CHIEF EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q for the quarter ended June 30, 2016 of The PNC Financial Services Group, Inc. (Corporation) as filed with the Securities and Exchange Commission on the date hereof (Report), I, William S. Demchak, Chairman, President and Chief Executive Officer of the Corporation, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to the best of my knowledge, that:

(1) The Report fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Corporation for the dates and periods covered by the Report.

This certificate is being made for the exclusive purpose of compliance by the Chief Executive Officer of the Corporation with the requirements of Section 906 of the Sarbanes-Oxley Act of 2002, and may not be used by any person or for any reason other than as specifically required by law.

/s/    William S. Demchak

William S. Demchak

Chairman, President and Chief Executive Officer

August 3, 2016

EX-32.2

EXHIBIT 32.2

In accordance with Exchange Act Rules 13a-14(f) and 15d-14(f), this certification does not relate to Interactive Data Files as defined in Rule 11 of Regulation S-T.

CERTIFICATION BY CHIEF FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q for the quarter ended June 30, 2016 of The PNC Financial Services Group, Inc. (Corporation) as filed with the Securities and Exchange Commission on the date hereof (Report), I, Robert Q. Reilly, Executive Vice President and Chief Financial Officer of the Corporation, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to the best of my knowledge, that:

(1) The Report fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Corporation for the dates and periods covered by the Report.

This certificate is being made for the exclusive purpose of compliance by the Chief Financial Officer of the Corporation with the requirements of Section 906 of the Sarbanes-Oxley Act of 2002, and may not be used by any person or for any reason other than as specifically required by law.

/s/    Robert Q. Reilly

Robert Q. Reilly

Executive Vice President and Chief Financial Officer

August 3, 2016

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 22, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q2
Trading Symbol	PNC
Entity Registrant Name	PNC FINANCIAL SERVICES GROUP, INC.
Entity Central Index Key	0000713676
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		491,409,134

XML

Consolidated Income Statement - USD ($) shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest Income
Loans	$ 1,829,000,000	$ 1,791,000,000	$ 3,672,000,000	$ 3,593,000,000
Investment securities	456,000,000	407,000,000	918,000,000	813,000,000
Other	99,000,000	107,000,000	201,000,000	218,000,000
Total interest income	2,384,000,000	2,305,000,000	4,791,000,000	4,624,000,000
Interest Expense
Deposits	104,000,000	98,000,000	209,000,000	190,000,000
Borrowed funds	212,000,000	155,000,000	416,000,000	310,000,000
Total interest expense	316,000,000	253,000,000	625,000,000	500,000,000
Net interest income	2,068,000,000	2,052,000,000	4,166,000,000	4,124,000,000
Noninterest Income
Asset management	377,000,000	416,000,000	718,000,000	792,000,000
Consumer services	354,000,000	334,000,000	691,000,000	645,000,000
Corporate services	403,000,000	369,000,000	728,000,000	713,000,000
Residential mortgage	165,000,000	164,000,000	265,000,000	328,000,000
Service charges on deposits	163,000,000	156,000,000	321,000,000	309,000,000
Net gains on sales of securities	4,000,000	8,000,000	13,000,000	50,000,000
Other	260,000,000	367,000,000	557,000,000	636,000,000
Total noninterest income	1,726,000,000	1,814,000,000	3,293,000,000	3,473,000,000
Total revenue	3,794,000,000	3,866,000,000	7,459,000,000	7,597,000,000
Provision For Credit Losses	127,000,000	46,000,000	279,000,000	100,000,000
Noninterest Expense
Personnel	1,226,000,000	1,200,000,000	2,371,000,000	2,357,000,000
Occupancy	215,000,000	209,000,000	436,000,000	425,000,000
Equipment	240,000,000	231,000,000	474,000,000	453,000,000
Marketing	61,000,000	67,000,000	115,000,000	129,000,000
Other	618,000,000	659,000,000	1,245,000,000	1,351,000,000
Total noninterest expense	2,360,000,000	2,366,000,000	4,641,000,000	4,715,000,000
Income (loss) before income taxes and noncontrolling interests	1,307,000,000	1,454,000,000	2,539,000,000	2,782,000,000
Income taxes	318,000,000	410,000,000	607,000,000	734,000,000
Net income	989,000,000	1,044,000,000	1,932,000,000	2,048,000,000
Net income (loss) attributable to noncontrolling interests	23,000,000	4,000,000	42,000,000	5,000,000
Preferred stock dividends and discount accretion and redemptions	43,000,000	48,000,000	108,000,000	118,000,000
Net income attributable to common shareholders	$ 923,000,000	$ 992,000,000	$ 1,782,000,000	$ 1,925,000,000
Earnings Per Common Share
Basic	$ 1.84	$ 1.92	$ 3.54	$ 3.71
Diluted	$ 1.82	$ 1.88	$ 3.49	$ 3.63
Average Common Shares Outstanding
Basic	497	517	499	519
Diluted	503	525	505	527

XML

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income	$ 989	$ 1,044	$ 1,932	$ 2,048
Other Comprehensive Income (Loss), before Tax [Abstract]
Net unrealized gains (losses) on non-OTTI securities, Before Tax	273	(365)	777	(291)
Net unrealized gains (losses) on OTTI securities	17	4	(21)	7
Net unrealized gains (losses) on cash flow hedge derivatives	63	(170)	263	69
Pension and other postretirement benefit plan adjustments	3	(10)	15	50
Other	12	(9)	(15)	(36)
Other comprehensive income (loss), before tax and net of reclassifications into Net income	368	(550)	1,019	(201)
Income tax benefit (expense) related to items of other comprehensive income	(164)	226	(413)	77
Other comprehensive income (loss), after tax and net of reclassifications into Net income	204	(324)	606	(124)
Comprehensive income	1,193	720	2,538	1,924
Less: Comprehensive income (loss) attributable to noncontrolling interests (a)	23	4	42	5
Comprehensive income attributable to PNC	$ 1,170	$ 716	$ 2,496	$ 1,919

XML

Consolidated Balance Sheet - USD ($)		Jun. 30, 2016	Dec. 31, 2015
Assets
Cash and due from banks (a)		$ 4,196,000,000	$ 4,065,000,000	[1]
Federal funds sold and resale agreements (b)	[2]	1,476,000,000	1,369,000,000
Trading securities		2,006,000,000	1,726,000,000
Interest-earning deposits with banks (a)		26,750,000,000	30,546,000,000	[1]
Loans held for sale (b)	[2]	2,296,000,000	1,540,000,000
Investment securities		71,801,000,000	70,528,000,000
Loans (b)	[2]	209,056,000,000	206,696,000,000
Allowance for loan and lease losses		(2,685,000,000)	(2,727,000,000)
Net loans (a)		206,371,000,000	203,969,000,000	[1]
Goodwill		9,103,000,000	9,103,000,000
Mortgage servicing rights		1,222,000,000	1,589,000,000
Other intangible assets		329,000,000	379,000,000
Equity investments (a)	[1]	10,469,000,000	10,587,000,000
Other (a) (b)	[1],[2]	25,316,000,000	23,092,000,000
Total assets		361,335,000,000	358,493,000,000
Deposits
Noninterest-bearing		77,866,000,000	79,435,000,000
Interest-bearing		171,912,000,000	169,567,000,000
Total deposits		249,778,000,000	249,002,000,000
Borrowed funds
Federal funds purchased and repurchase agreements		1,620,000,000	1,777,000,000
Federal Home Loan Bank Borrowings		18,055,000,000	20,108,000,000
Bank notes and senior debt		23,588,000,000	21,298,000,000
Subordinated debt		8,764,000,000	8,556,000,000
Other (c) (d)	[3],[4]	2,544,000,000	2,793,000,000
Borrowed funds		54,571,000,000	54,532,000,000
Allowance for unfunded loan commitments and letters of credit		303,000,000	261,000,000
Accrued expenses (c)	[4]	5,080,000,000	4,975,000,000
Other (c)	[4]	4,904,000,000	3,743,000,000
Total liabilities		314,636,000,000	312,513,000,000
Equity
Preferred stock (e)	[5]	0	0
Common stock ($5 par value, authorized 800 shares, issued 542 shares)		2,709,000,000	2,708,000,000
Capital surplus - preferred stock		3,455,000,000	3,452,000,000
Capital surplus - common stock and other		12,653,000,000	12,745,000,000
Retained earnings		30,309,000,000	29,043,000,000
Accumulated other comprehensive income		736,000,000	130,000,000
Common stock held in treasury at cost: 49 and 38 shares		(4,304,000,000)	(3,368,000,000)
Total shareholders' equity		45,558,000,000	44,710,000,000
Noncontrolling interests		1,141,000,000	1,270,000,000
Total equity		46,699,000,000	45,980,000,000
Total liabilities and equity		$ 361,335,000,000	$ 358,493,000,000

[1] Our consolidated assets at June 30, 2016 included the following assets of certain variable interest entities (VIEs): Equity investments of $220 million and Other assets of $47 million. Our consolidated assets at December 31, 2015 included the following assets of certain VIEs: Cash and due from banks of $11 million, Interest-earning deposits with banks of $4 million, Net loans of $1.3 billion, Equity investments of $183 million, and Other assets of $402 million.

[2] Our consolidated assets at June 30, 2016 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $2.1 billion, Loans of $.9 billion, and Other assets of $349 million. Our consolidated assets at December 31, 2015 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $1.5 billion, Loans of $.9 billion, and Other assets of $521 million.

[3] Our consolidated liabilities at June 30, 2016 and December 31, 2015 included Other borrowed funds of $70 million and $93 million, respectively, for which we have elected the fair value option.

[4] Our consolidated liabilities at June 30, 2016 included liabilities of $11 million for certain VIEs. Our consolidated liabilities at December 31, 2015 included the following liabilities of certain VIEs: Other borrowed funds of $148 million, Accrued expenses of $44 million, and Other liabilities of $202 million.

[5] Par value less than $.5 million at each date.

XML

Consolidated Balance Sheet (Parenthetical) - USD ($) shares in Millions		Jun. 30, 2016	Dec. 31, 2015
Cash and due from banks		$ 4,196,000,000	$ 4,065,000,000	[1]
Interest-earning deposits with banks		26,750,000,000	30,546,000,000	[1]
Net loans		206,371,000,000	203,969,000,000	[1]
Equity investments	[1]	10,469,000,000	10,587,000,000
Other assets	[1],[2]	25,316,000,000	23,092,000,000
Other borrowed funds	[3],[4]	2,544,000,000	2,793,000,000
Accrued expenses	[4]	5,080,000,000	4,975,000,000
Other liabilities	[4]	4,904,000,000	3,743,000,000
Total liabilities		$ 314,636,000,000	$ 312,513,000,000
Common stock, par value		$ 5	$ 5
Common stock, authorized		800	800
Common stock, issued		542	542
Common stock held in treasury at cost, shares		49	38
Preferred stock (e)	[5]	$ 500,000	$ 500,000
Portion at Fair Value, Fair Value Disclosure
Federal funds sold and resale agreements, fair value	[2]	137,000,000	137,000,000
Loans held for sale, fair value	[2]	2,100,000,000	1,500,000,000
Loans, Fair Value	[2]	900,000,000	900,000,000
Other assets, fair value	[2]	349,000,000	521,000,000
Other borrowed funds, fair value	[3]	70,000,000	93,000,000
Variable Interest Entity, Primary Beneficiary [Member]
Cash and due from banks	[1]		11,000,000
Interest-earning deposits with banks	[1]		4,000,000
Net loans	[1]		1,300,000,000
Equity investments	[1]	220,000,000	183,000,000
Other assets	[1]	47,000,000	402,000,000
Other borrowed funds	[4]		148,000,000
Accrued expenses	[4]		44,000,000
Other liabilities	[4]		202,000,000
Total liabilities		$ 11,000,000	$ 394,000,000

[1] Our consolidated assets at June 30, 2016 included the following assets of certain variable interest entities (VIEs): Equity investments of $220 million and Other assets of $47 million. Our consolidated assets at December 31, 2015 included the following assets of certain VIEs: Cash and due from banks of $11 million, Interest-earning deposits with banks of $4 million, Net loans of $1.3 billion, Equity investments of $183 million, and Other assets of $402 million.

[2] Our consolidated assets at June 30, 2016 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $2.1 billion, Loans of $.9 billion, and Other assets of $349 million. Our consolidated assets at December 31, 2015 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $1.5 billion, Loans of $.9 billion, and Other assets of $521 million.

[3] Our consolidated liabilities at June 30, 2016 and December 31, 2015 included Other borrowed funds of $70 million and $93 million, respectively, for which we have elected the fair value option.

[4] Our consolidated liabilities at June 30, 2016 included liabilities of $11 million for certain VIEs. Our consolidated liabilities at December 31, 2015 included the following liabilities of certain VIEs: Other borrowed funds of $148 million, Accrued expenses of $44 million, and Other liabilities of $202 million.

[5] Par value less than $.5 million at each date.

XML

Consolidated Statement of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2016		Jun. 30, 2015
Operating Activities
Net income	$ 1,932,000,000		$ 2,048,000,000
Adjustments to reconcile net income to net cash provided (used) by operating activities
Provision for credit losses (benefit)	279,000,000		100,000,000
Depreciation and amortization	561,000,000		530,000,000
Deferred income taxes	(68,000,000)		109,000,000
Net gains on sales of securities	(13,000,000)		(50,000,000)
Changes in fair value of mortgage servicing rights	527,000,000		43,000,000
Gain on sales of Visa Class B common shares	(126,000,000)		(79,000,000)
Undistributed earnings of BlackRock	(148,000,000)		(196,000,000)
Net change in
Trading securities and other short-term investments	(865,000,000)		(22,000,000)
Loans held for sale	(728,000,000)		(391,000,000)
Other assets	(2,516,000,000)		22,000,000
Accrued expenses and other liabilities	2,179,000,000		(186,000,000)
Other	(253,000,000)		(272,000,000)
Net cash provided (used) by operating activities	761,000,000		1,656,000,000
Sales
Securities available for sale	2,084,000,000		2,402,000,000
Loans	875,000,000		958,000,000
Repayments/maturities
Securities available for sale	4,895,000,000		3,933,000,000
Securities held to maturity	1,251,000,000		1,054,000,000
Purchases
Securities available for sale	(7,182,000,000)		(9,706,000,000)
Securities held to maturity	(1,587,000,000)		(3,049,000,000)
Loans	(504,000,000)		(355,000,000)
Net change in
Federal funds sold and resale agreements	(107,000,000)		(119,000,000)
Interest-earning deposits with banks	3,796,000,000		(2,190,000,000)
Loans	(3,659,000,000)		(1,017,000,000)
Other	49,000,000		(394,000,000)
Net cash provided (used) by investing activities	(89,000,000)		(8,483,000,000)
Net change in
Noninterest-bearing deposits	(1,113,000,000)		3,909,000,000
Interest-bearing deposits	2,345,000,000		3,580,000,000
Federal funds purchased and repurchase agreements	(157,000,000)		(1,320,000,000)
Commercial paper			(158,000,000)
Other borrowed funds	524,000,000		712,000,000
Sales/issuances
Federal Home Loan Bank borrowings			2,250,000,000
Bank notes and senior debt	2,856,000,000		4,932,000,000
Commercial paper			1,393,000,000
Other borrowed funds	133,000,000		586,000,000
Common and treasury stock	29,000,000		109,000,000
Repayments Maturities Financing [Abstract]
Federal Home Loan Bank borrowings	(2,053,000,000)		(62,000,000)
Bank notes and senior debt	(993,000,000)		(2,134,000,000)
Subordinated debt	38,000,000		39,000,000
Commercial paper	(14,000,000)		(3,274,000,000)
Other borrowed funds	(461,000,000)		(1,532,000,000)
Preferred stock redemption			(500,000,000)
Acquisition of treasury stock	(1,054,000,000)		(1,020,000,000)
Preferred stock cash dividends paid	(105,000,000)		(115,000,000)
Common stock cash dividends paid	(516,000,000)		(516,000,000)
Net cash provided (used) by financing activities	(541,000,000)		6,879,000,000
Net Increase (Decrease) In Cash And Due From Banks	131,000,000		52,000,000
Cash and due from banks at beginning of period	4,065,000,000	[1]	4,360,000,000
Cash and due from banks at end of period	4,196,000,000		4,412,000,000
Supplemental Disclosures
Interest paid	664,000,000		503,000,000
Income taxes paid	284,000,000		191,000,000
Income taxes refunded	35,000,000		1,000,000
Non-cash Investing and Financing Items
Transfer from (to) loans to (from) loans held for sale, net	367,000,000		3,000,000
Transfer from loans to foreclosed assets	$ 158,000,000		$ 227,000,000

[1] Our consolidated assets at June 30, 2016 included the following assets of certain variable interest entities (VIEs): Equity investments of $220 million and Other assets of $47 million. Our consolidated assets at December 31, 2015 included the following assets of certain VIEs: Cash and due from banks of $11 million, Interest-earning deposits with banks of $4 million, Net loans of $1.3 billion, Equity investments of $183 million, and Other assets of $402 million.

XML

Accounting Policies

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Accounting Policies

Business

The PNC Financial Services Group, Inc. (PNC) is one of the largest diversified financial services companies in the United States and is headquartered in Pittsburgh, Pennsylvania.

We have businesses engaged in retail banking, corporate and institutional banking, asset management and residential mortgage banking, providing many of our products and services nationally, as well as other products and services in our primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, Florida, North Carolina, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Georgia, Missouri, Wisconsin and South Carolina. We also provide certain products and services internationally.

Note 1 Accounting Policies

Basis of Financial Statement Presentation

Our consolidated financial statements include the accounts of the parent company and its subsidiaries, most of which are wholly-owned, certain partnership interests, and variable interest entities.

We prepared these consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (GAAP). We have eliminated intercompany accounts and transactions. We have also reclassified certain prior year amounts to conform to the 2016 presentation, which did not have a material impact on our consolidated financial condition or results of operations. Additionally, we evaluate the materiality of identified errors in the financial statements using both an income statement and a balance sheet approach, based on relevant quantitative and qualitative factors. The consolidated financial statements include certain adjustments to correct immaterial errors related to previously reported periods.

In our opinion, the unaudited interim consolidated financial statements reflect all normal, recurring adjustments needed to present fairly our results for the interim periods. The results of operations for interim periods are not necessarily indicative of the results that may be expected for the full year or any other interim period.

We have also considered the impact of subsequent events on these consolidated financial statements.

When preparing these unaudited interim consolidated financial statements, we have assumed that you have read the audited consolidated financial statements included in our 2015 Annual Report on Form 10-K. Reference is made to Note 1 Accounting Policies in the 2015 Form 10-K for a detailed description of significant accounting policies. There have been no significant changes to our accounting policies as disclosed in the 2015 Annual Report on Form 10-K. These interim consolidated financial statements serve to update the 2015 Form 10-K and may not include all information and notes necessary to constitute a complete set of financial statements.

Use of Estimates

We prepared these consolidated financial statements using financial information available at the time of preparation, which requires us to make estimates and assumptions that affect the amounts reported. Our most significant estimates pertain to our fair value measurements, allowances for loan and lease losses and unfunded loan commitments and letters of credit, and accretion on purchased impaired loans. Actual results may differ from the estimates and the differences may be material to the consolidated financial statements.

Recently Adopted Accounting Standards

We did not adopt new accounting standards that had a significant impact during the second quarter of 2016.

XML

Loan Sale and Servicing Activities and Variable Interest Entities

6 Months Ended

Jun. 30, 2016

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

Loan Sale and Servicing Activities and Variable Interest Entities

Note 2 Loan Sale and Servicing Activities and Variable Interest Entities

Loan Sale and Servicing Activities

As more fully described in Note 2 Loan Sale and Servicing Activities and Variable Interest Entities in our 2015 Form 10-K, we have transferred residential and commercial mortgage loans in securitization or sales transactions in which we have continuing involvement. Our continuing involvement generally consists of servicing, repurchasing previously transferred loans under certain conditions and loss share arrangements, and, in limited circumstances, holding of mortgage-backed securities issued by the securitization special purpose entities (SPEs).

We earn servicing and other ancillary fees for our role as servicer and, depending on the contractual terms of the servicing arrangement, we can be terminated as servicer with or without cause. At the consummation date of each type of loan transfer where PNC retains the servicing, we recognize a servicing right at fair value. See Note 7 Goodwill and Intangible Assets for information on our servicing rights, including the carrying value of servicing assets.

The following table provides cash flows associated with PNC's loan sale and servicing activities:

Table 42: Cash Flows Associated with Loan Sale and Servicing Activities
		Residential			Commercial		Home Equity
In millions		Mortgages			Mortgages (a)		Loans/Lines (b)
CASH FLOWS - Three months ended June 30, 2016
Sales of loans (c)			$	1,408	$	804
Repurchases of previously transferred loans (d)			$	103
Servicing fees (e)			$	93	$	32	$	3
Servicing advances recovered/(funded), net			$	48	$	(24)	$	(4)
Cash flows on mortgage-backed securities held (f)			$	417	$	92
CASH FLOWS - Three months ended June 30, 2015
Sales of loans (c)			$	2,015	$	1,159
Repurchases of previously transferred loans (d)			$	134
Servicing fees (e)			$	82	$	36	$	4
Servicing advances recovered/(funded), net			$	47	$	21	$	1
Cash flows on mortgage-backed securities held (f)			$	429	$	54
CASH FLOWS - Six months ended June 30, 2016
Sales of loans (c)			$	2,846	$	1,454
Repurchases of previously transferred loans (d)			$	263
Servicing fees (e)			$	186	$	62	$	6
Servicing advances recovered/(funded), net			$	76	$	7	$	20
Cash flows on mortgage-backed securities held (f)			$	769	$	197
CASH FLOWS - Six months ended June 30, 2015
Sales of loans (c)			$	3,955	$	2,179
Repurchases of previously transferred loans (d)			$	303			$	2
Servicing fees (e)			$	165	$	68	$	8
Servicing advances recovered/(funded), net			$	38	$	28	$	25
Cash flows on mortgage-backed securities held (f)			$	669	$	114
(a)	Represents cash flow information associated with both commercial mortgage loan transfer and servicing activities.
(b)	These activities were part of an acquired brokered home equity lending business in which PNC is no longer engaged.
(c)	Gains/losses recognized on sales of loans were insignificant for the periods presented.
(d)	Includes residential mortgage government insured or guaranteed loans eligible for repurchase through the exercise of our Removal of Account Provision (ROAP) option, and loans repurchased due to alleged breaches of origination covenants or representations and warranties made to purchasers. Includes home equity lines of credit repurchased at the end of their draw periods due to contractual requirements.
(e)	Includes contractually specified servicing fees, late charges and ancillary fees.
(f)	Represents cash flows on securities we hold issued by a securitization SPE in which PNC transferred to and/or services loans. The carrying values of such securities held were $6.4 billion in residential mortgage-backed securities and $1.1 billion in commercial mortgage-backed securities at June 30, 2016 and $5.6 billion in residential mortgage-backed securities and $1.2 billion in commercial mortgage-backed securities at June 30, 2015. Additionally, at December 31, 2015, the carrying values of such securities held were $6.6 billion in residential mortgage-backed securities and $1.3 billion in commercial mortgage-backed securities.

The table below presents information about the principal balances of transferred loans that we service and are not recorded on our Consolidated Balance Sheet. We would only experience a loss on these transferred loans if we were required to repurchase a loan due to a breach in representations and warranties or a loss sharing arrangement associated with our continuing involvement with these loans. For more information regarding our recourse and repurchase obligations, including our reserve of estimated losses, see the Recourse and Repurchase Obligations section of Note 21 Commitments and Guarantees in our 2015 Form 10-K.

Table 43: Principal Balance, Delinquent Loans, and Net Charge-offs Related to Serviced Loans For Others
		Residential		Commercial		Home Equity
In millions		Mortgages		Mortgages (a)		Loans/Lines (b)
June 30, 2016
Total principal balance	$	69,268	$	49,625	$	2,533
Delinquent loans (c)	$	1,555	$	1,035	$	893
December 31, 2015
Total principal balance	$	72,898	$	53,789	$	2,806
Delinquent loans (c)	$	1,923	$	1,057	$	904
Three months ended June 30, 2016
Net charge-offs (d)	$	28	$	157	$	9
Three months ended June 30, 2015
Net charge-offs (d)	$	37	$	148	$	8
Six months ended June 30, 2016
Net charge-offs (d)	$	54	$	1,069	$	16
Six months ended June 30, 2015
Net charge-offs (d)	$	69	$	255	$	15
(a) Represents information at the securitization level in which PNC has sold loans and is the servicer for the securitization.
(b) These activities were part of an acquired brokered home equity lending business in which PNC is no longer engaged.
(c) Serviced delinquent loans are 90 days or more past due or are in process of foreclosure.
(d) Net charge-offs for Residential mortgages and Home equity loans/lines represent credit losses less recoveries distributed and as reported to investors during the period. Net charge-offs for Commercial mortgages represent credit losses less recoveries distributed and as reported by the trustee for commercial mortgage backed securitizations. Realized losses for Agency securitizations are not reflected as we do not manage the underlying real estate upon foreclosure and, as such, do not have access to loss information.

Variable Interest Entities (VIEs)

As discussed in Note 2 Loan Sale and Servicing Activities and Variable Interest Entities in our 2015 Form 10-K, we are involved with various entities in the normal course of business that are deemed to be VIEs. The following provides a summary of VIEs, including those that we have consolidated and those in which we hold variable interests but have not consolidated into our financial statements as of June 30,2016 and December 31, 2015, respectively. Amounts presented for June 30,2016are based on the assessments performed in accordance with ASC 810 as amended by ASU 2015-02 and adopted in the first quarter of 2016. Specifically, the ASU modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities (VOEs). We have not provided additional financial support to these entities which we are not contractually required to provide.

Table 44: Consolidated VIEs – Carrying Value (a)
June 30, 2016 (b)
In millions			Total
Assets
Equity investments				$	220
Other assets					47
	Total assets			$	267
	Total liabilities			$	11
Noncontrolling interests				$	123
December 31, 2015
In millions			Total
Assets
Cash and due from banks				$	11
Interest-earning deposits with banks					4
Loans					1,341
Allowance for loan and lease losses					(48)
Equity investments					183
Other assets					402
	Total assets			$	1,893
Liabilities
Other borrowed funds				$	148
Accrued expenses					44
Other liabilities					202
	Total liabilities			$	394
Noncontrolling interests				$	99
(a)		Amounts represent carrying value on PNC’s Consolidated Balance Sheet.
(b)		Amounts for June 30, 2016 reflect the first quarter 2016 adoption of ASU 2015-02.

The following table provides a summary of non-consolidated VIEs with which we have significant continuing involvement but are not the primary beneficiary. We do not consider our continuing involvement to be significant when it relates to a VIE where we only invest in securities issued by the VIE and were not involved in the design of the VIE or where no transfers have occurred between PNC and the VIE. We have excluded certain transactions with non-consolidated VIEs from the balances presented in Table 45 where we have determined that our continuing involvement is not significant.

In addition, where PNC only has lending arrangements in the normal course of business with entities that could be VIEs, we have excluded these transactions with non-consolidated entities from the balances presented in Table 45. These loans are included as part of the asset quality disclosures that we make in Note 3Asset Quality.

Table 45: Non-Consolidated VIEs
		PNC Risk of Loss (a)		Carrying Value of Assets Owned by PNC			Carrying Value of Liabilities Owned by PNC
In millions
June 30, 2016 (b)
Commercial Mortgage-Backed Securitizations (c)		$	1,284	$	1,284	(d)
Residential Mortgage-Backed Securitizations (c)			6,406		6,406	(d)	$	1	(f)
Tax Credit Investments and Other			3,042		2,963	(e)		771	(g)
	Total	$	10,732	$	10,653		$	772
December 31, 2015
Commercial Mortgage-Backed Securitizations (c)		$	1,498	$	1,498	(d)	$	1	(f)
Residential Mortgage-Backed Securitizations (c)			6,680		6,680	(d)		1	(f)
Tax Credit Investments and Other			2,551		2,622	(e)		836	(g)
	Total	$	10,729	$	10,800		$	838
(a)	This represents loans, investments and other assets related to non-consolidated VIEs, net of collateral (if applicable).
(b)	Amounts for June 30, 2016 reflect the first quarter 2016 adoption of ASU 2015-02.
(c)	Amounts reflect involvement with securitization SPEs where PNC transferred to and/or services loans for an SPE and we hold securities issued by that SPE. Values disclosed in the PNC Risk of Loss column represent our maximum exposure to loss for those securities’ holdings.
(d)	Included in Trading securities, Investment securities, Other intangible assets and Other assets on our Consolidated Balance Sheet.
(e)	Included in Loans, Equity investments and Other assets on our Consolidated Balance Sheet.
(f)	Included in Other liabilities on our Consolidated Balance Sheet.
(g)	Included in Deposits and Other liabilities on our Consolidated Balance Sheet.

We make certain equity investments in various tax credit limited partnerships or limited liability companies (LLCs). The purpose of these investments is to achieve a satisfactory return on capital and to assist us in achieving goals associated with the Community Reinvestment Act. During the six months ended June 30,2016, we recognized $105million of amortization, $111million of tax credits, and $38million of other tax benefits associated with qualified investments in low income housing tax credits within Income taxes. The amounts for the second quarter of 2016 were $53 million, $55 million and $19 million, respectively.

XML

Asset Quality

6 Months Ended

Jun. 30, 2016

Asset Quality [Abstract]

Asset Quality

Note 3Asset Quality

We closely monitor economic conditions and loan performance trends to manage and evaluate our exposure to credit risk. Trends in delinquency rates may be a key indicator, among other considerations, of credit risk within the loan portfolios. The measurement of delinquency status is based on the contractual terms of each loan. Loans that are 30 days or more past due in terms of payment are considered delinquent. Loan delinquencies exclude loans held for sale, purchased impaired loans, nonperforming loans and loans accounted for under the fair value option which are on nonaccrual status, but include government insured or guaranteed loans and accruing loans accounted for under the fair value option.

Nonperforming assets include nonperforming loans and leases, OREOand foreclosed assets. Nonperforming loans are those loans accounted for at amortized cost whose credit quality has deteriorated to the extent that full collection of contractual principal and interest is not probable. Interest income is not recognized on these loans. Loans accounted for under the fair value option are reported as performing loans as these loans are accounted for at fair value. However, when nonaccrual criteria is met, interest income is not recognized on these loans. Additionally, certain government insured or guaranteed loans for which we expect to collect substantially all principal and interest are not reported as nonperforming loans and continue to accrue interest. Purchased impaired loans are excluded from nonperforming loans as we are currently accreting interest income over the expected life of the loans.

See Note 1 Accounting Policies in our 2015 Form 10-K for additional delinquency, nonperforming, and charge-off information.

The following tables display the delinquency status of our loans and our nonperforming assets at June 30,2016 and December 31, 2015, respectively.

Table 46: Analysis of Loan Portfolio (a)
			Accruing
			Current or Less			30-59			60-89				90 Days				Total							Fair Value Option				Purchased				Total
			Than 30 Days			Days			Days				Or More				Past			Nonperforming				Nonaccrual				Impaired				Loans
Dollars in millions				Past Due		Past Due			Past Due				Past Due				Due (b)				Loans			Loans (c)				Loans			(d) (e)
June 30, 2016
	Commercial Lending
		Commercial	$	99,797		$	61			$	34			$	38		$	133			$	606						$	26		$	100,562
		Commercial real estate		28,569			5				11							16				143							112			28,840
		Equipment lease financing		7,596			1				4							5				19										7,620
	Total commercial lending			135,962			67				49				38			154				768							138			137,022
	Consumer Lending
		Home equity		28,604			63				27							90				926							1,263			30,883
		Residential real estate (f)		11,554			128				65				489			682				513			$	215			1,835			14,799
		Credit card		4,820			25				17				30			72				4										4,896
		Other consumer (g)		20,940			181				85				197			463				53										21,456
	Total consumer lending			65,918			397				194				716			1,307				1,496				215			3,098			72,034
		Total	$	201,880		$	464			$	243			$	754		$	1,461			$	2,264			$	215		$	3,236		$	209,056
	Percentage of total loans			96.57	%		.22	%			.12	%			.36	%		.70	%			1.08	%			.10	%		1.55	%		100.00	%
December 31, 2015
	Commercial Lending
		Commercial	$	98,075		$	69			$	32			$	45		$	146			$	351						$	36		$	98,608
		Commercial real estate		27,134			10				4							14				187							133			27,468
		Equipment lease financing		7,440			19				2							21				7										7,468
	Total commercial lending			132,649			98				38				45			181				545							169			133,544
	Consumer Lending
		Home equity		29,656			63				30							93				977							1,407			32,133
		Residential real estate (f)		10,918			142				65				566			773				549			$	225			1,946			14,411
		Credit card		4,779			28				19				33			80				3										4,862
		Other consumer (g)		21,181			180				96				237			513				52										21,746
	Total consumer lending			66,534			413				210				836			1,459				1,581				225			3,353			73,152
		Total	$	199,183		$	511			$	248			$	881		$	1,640			$	2,126			$	225		$	3,522		$	206,696
	Percentage of total loans			96.36	%		.25	%			.12	%			.43	%		.80	%			1.03	%			.11	%		1.70	%		100.00	%
(a)		Amounts in table represent recorded investment and exclude loans held for sale. Recorded investment in a loan includes the unpaid principal balance plus accrued interest and net accounting adjustments, less any charge-offs. Recorded investment does not include any associated valuation allowance.
(b)		Past due loan amounts exclude purchased impaired loans, even if contractually past due (or if we do not expect to receive payment in full based on the original contractual terms), as we are currently accreting interest income over the expected life of the loans.
(c)		Consumer loans accounted for under the fair value option for which we do not expect to collect substantially all principal and interest are subject to nonaccrual accounting and classification upon meeting any of our nonaccrual policies. Given that these loans are not accounted for at amortized cost, these loans have been excluded from the nonperforming loan population.
(d)		Net of unearned income, net deferred loan fees, unamortized discounts and premiums, and purchase discounts and premiums totaling $1.4 billion at both June 30, 2016 and December 31, 2015.
(e)		Future accretable yield related to purchased impaired loans is not included in the analysis of loan portfolio.
(f)		Past due loan amounts at June 30, 2016 include government insured or guaranteed Residential real estate mortgages totaling $57 million for 30 to 59 days past due, $47 million for 60 to 89 days past due and $466 million for 90 days or more past due. Past due loan amounts at December 31, 2015 include government insured or guaranteed Residential real estate mortgages totaling $56 million for 30 to 59 days past due, $45 million for 60 to 89 days past due and $545 million for 90 days or more past due.
(g)		Past due loan amounts at June 30, 2016 include government insured or guaranteed Other consumer loans totaling $110 million for 30 to 59 days past due, $64 million for 60 to 89 days past due and $184 million for 90 days or more past due. Past due loan amounts at December 31, 2015 include government insured or guaranteed Other consumer loans totaling $116 million for 30 to 59 days past due, $75 million for 60 to 89 days past due and $220 million for 90 days or more past due.

At June 30,2016, we pledged $20.9billion of commercial loans to the Federal Reserve Bank (FRB) and $58.1billion 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, 2015 were $20.2 billion and $56.4 billion, respectively.

Table 47: Nonperforming Assets
			June 30			December 31
Dollars in millions				2016			2015
Nonperforming loans
	Total commercial lending		$	768		$	545
	Total consumer lending (a)			1,496			1,581
Total nonperforming loans (b) (c)				2,264			2,126
OREO and foreclosed assets
	Other real estate owned (OREO)			239			279
	Foreclosed and other assets			12			20
		Total OREO and foreclosed assets		251			299
Total nonperforming assets			$	2,515		$	2,425
Nonperforming loans to total loans				1.08	%		1.03	%
Nonperforming assets to total loans, OREO and foreclosed assets				1.20	%		1.17	%
Nonperforming assets to total assets				.70	%		.68	%
(a)	Excludes most consumer loans and lines of credit, not secured by residential real estate, which are charged off after 120 to 180 days past due and are not placed on nonperforming status.
(b)	Nonperforming loans exclude certain government insured or guaranteed loans, loans held for sale, loans accounted for under the fair value option and purchased impaired loans.
(c)	The recorded investment of loans collateralized by residential real estate property that are in process of foreclosure was $.4 billion and $.6 billion at June 30, 2016 and December 31, 2015, both included $.3 billion of loans that are government insured/guaranteed.

Nonperforming loans also include certain loans whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulties. In accordance with applicable accounting guidance, these loans are considered TDRs. See Note 1 Accounting Policies in our 2015 Form 10-K and the TDR section within this Note.

Total nonperforming loans in the nonperforming assets table above include TDRs of $1.2 billion at June 30,2016 and $1.1 billion at December 31, 2015. TDRs that are performing, including consumer credit card TDR loans,totaled $1.2 billion at both June 30,2016 and December 31, 2015, and are excluded from nonperforming loans. Nonperforming TDRs are returned to accrual and classified as performing after demonstrating a period of at least six months of consecutive performance under the restructured terms.Loans where borrowers have been discharged from personal liability through Chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to PNCand loans to borrowers not currently obligated to make both principal and interest payments under the restructured terms are not returned to accrual status.

Additional Asset Quality Indicators

We have two overall portfolio segments – Commercial Lending and Consumer Lending. Each of these two segments is comprised of multiple loan classes. Classes are characterized by similarities in initial measurement, risk attributes and the manner in which we monitor and assess credit risk. The Commercial Lending segment is comprised of the commercial, commercial real estate, equipment lease financing, and commercial purchased impaired loan classes. The Consumer Lending segment is comprised of the home equity, residential real estate, credit card, other consumer, and consumer purchased impaired loan classes.

Commercial Lending Asset Classes

Commercial Loan Class

For commercial loans, we monitor the performance of the borrower in a disciplined and regular manner based upon the level of credit risk inherent in the loan. To evaluate the level of credit risk, we assign an internal risk rating reflecting the borrower’s PD and LGD. This two-dimensional credit risk rating methodology provides granularity in the risk monitoring process on an ongoing basis. These ratings are reviewed and updated, generally at least once per year. Additionally, no less frequently than on an annual basis, we review PD rates related to each rating grade based upon internal historical data. These rates are updated as needed and augmented by market data as deemed necessary. For small balance homogeneous pools of commercial loans, mortgages and leases, we apply statistical modeling to assist in determining the probability of default within these pools. Further, on a periodic basis, we update our LGD estimates associated with each rating grade based upon historical data. The combination of the PD and LGD ratings assigned to a commercial loan, capturing both the combination of expectations of default and loss severity in event of default, reflects the relative estimated likelihood of loss for that loan at the reporting date. In general, loans with better PD and LGD tend to have a lower likelihood of loss compared to loans with worse PD and LGD. The loss amount also considers an estimate of exposure at date of default, which we also periodically update based upon historical data.

Based upon the amount of the lending arrangement and our risk rating assessment, we follow a formal schedule of written periodic review. Quarterly, we conduct formal reviews of a market's or business unit's entire loan portfolio, focusing on those loans which we perceive to be of higher risk, based upon PDs and LGDs, or loans for which credit quality is weakening. If circumstances warrant, it is our practice to review any customer obligation and its level of credit risk more frequently. We attempt to proactively manage our loans by using various procedures that are customized to the risk of a given loan, including ongoing outreach, contact, and assessment of obligor financial conditions, collateral inspection and appraisal.

Commercial Real Estate Loan Class

We manage credit risk associated with our commercial real estate projects and commercial mortgage activities similar to commercial loans by analyzing PD and LGD. Additionally, risks connected with commercial real estate projects and commercial mortgage activities tend to be correlated to the loan structure and collateral location, project progress and business environment. As a result, these attributes are also monitored and utilized in assessing credit risk.

As with the commercial class, a formal schedule of periodic review is also performed to assess market/geographic risk and business unit/industry risk. Often as a result of these overviews, more in-depth reviews and increased scrutiny are placed on areas of higher risk, including adverse changes in risk ratings, deteriorating operating trends, and/or areas that concern management. These reviews are designed to assess risk and take actions to mitigate our exposure to such risks.

Equipment Lease Financing Loan Class

We manage credit risk associated with our equipment lease financing loan class similar to commercial loans by analyzing PD and LGD.

Based upon the dollar amount of the lease and of the level of credit risk, we follow a formal schedule of periodic review. Generally, this occurs quarterly, although we have established practices to review such credit risk more frequently if circumstances warrant. Our review process entails analysis of the following factors: equipment value/residual value, exposure levels, jurisdiction risk, industry risk, guarantor requirements, and regulatory compliance.

Commercial Purchased Impaired Loan Class

Estimates of the expected cash flows primarily determine the valuation of commercial purchased impaired loans. Commercial cash flow estimates are influenced by a number of credit related items, which include but are not limited to: estimated collateral value, receipt of additional collateral, secondary trading prices, circumstances of possible and/or ongoing liquidation, capital availability, business operations and payment patterns.

We attempt to proactively manage these factors by using various procedures that are customized to the risk of a given loan. These procedures include a review by our Special Asset Committee (SAC), ongoing outreach, contact, and assessment of obligor financial conditions, collateral inspection and appraisal.

Table 48: Commercial Lending Asset Quality Indicators (a)(b)
					Criticized Commercial Loans
				Pass	Special									Total
In millions				Rated	Mention (c)		Substandard (d)			Doubtful (e)				Loans
June 30, 2016
	Commercial		$	94,962	$	2,174		$	3,237		$	163	$	100,536
	Commercial real estate			28,251		68			398			11		28,728
	Equipment lease financing			7,336		56			219			9		7,620
	Purchased impaired loans			35		1			91			11		138
		Total commercial lending	$	130,584	$	2,299		$	3,945		$	194	$	137,022
December 31, 2015
	Commercial		$	93,364	$	2,029		$	3,089		$	90	$	98,572
	Commercial real estate			26,729		120			481			5		27,335
	Equipment lease financing			7,230		87			150			1		7,468
	Purchased impaired loans					6			157			6		169
		Total commercial lending	$	127,323	$	2,242		$	3,877		$	102	$	133,544
(a)	Based upon PDs and LGDs. We apply a split rating classification to certain loans meeting threshold criteria. By assigning a split classification, a loan's exposure amount may be split into more than one classification category in the above table.
(b)	Loans are included above based on the Regulatory Classification definitions of "Pass", "Special Mention", "Substandard" and "Doubtful".
(c)	Special Mention rated loans have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of repayment prospects at some future date. These loans do not expose us to sufficient risk to warrant a more adverse classification at this time.
(d)	Substandard rated loans have a well-defined weakness or weaknesses that jeopardize the collection or liquidation of debt. They are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected.
(e)	Doubtful rated loans possess all the inherent weaknesses of a Substandard loan with the additional characteristics that the weakness makes collection or liquidation in full improbable due to existing facts, conditions, and values.

Consumer Lending Asset Classes

Home Equity and Residential Real Estate Loan Classes

We use several credit quality indicators, including delinquency information, nonperforming loan information, updated credit scores, originated and updated LTV ratios, and geography, to monitor and manage credit risk within the home equity and residential real estate loan classes. We evaluate mortgage loan performance by source originators and loan servicers. A summary of asset quality indicators follows:

Delinquency/Delinquency Rates: We monitor trending of delinquency/delinquency rates for home equity and residential real estate loans. See the Asset Quality section of this Note 3 for additional information.

Nonperforming Loans: We monitor trending of nonperforming loans for home equity and residential real estate loans. See the Asset Quality section of this Note 3 for additional information.

Credit Scores: We use a national third-party provider to update FICO credit scores for home equity loans and lines of credit and residential real estate loans at least quarterly. The updated scores are incorporated into a series of credit management reports, which are utilized to monitor the risk in the loan classes.

LTV(inclusive of combined loan-to-value (CLTV) for first and subordinate lien positions): At least annually, we update the property values of real estate collateral and calculate an updated LTV ratio. For open-end credit lines secured by real estate in regions experiencing significant declines in property values, more frequent valuations may occur. We examine LTV migration and stratify LTV into categories to monitor the risk in the loan classes.

Historically, we used, and we continue to use, a combination of original LTV and updated LTV for internal risk management and reporting purposes (e.g., line management, loss mitigation strategies). In addition to the fact that estimated property values by their nature are estimates, given certain data limitations it is important to note that updated LTVs may be based upon management’s assumptions (e.g., if an updated LTV is not provided by the third-party service provider, home price index (HPI) changes will be incorporated in arriving at management’s estimate of updated LTV).

Geography: Geographic concentrations are monitored to evaluate and manage exposures. Loan purchase programs are sensitive to, and focused within, certain regions to manage geographic exposures and associated risks.

A combination of updated FICO scores, originated and updated LTV ratios and geographic location assigned to home equity loans and lines of credit and residential real estate loans is used to monitor the risk in the loan classes. Loans with higher FICO scores and lower LTVs tend to have a lower level of risk. Conversely, loans with lower FICO scores, higher LTVs, and in certain geographic locations tend to have a higher level of risk.

Consumer Purchased Impaired Loan Class

Estimates of the expected cash flows primarily determine the valuation of consumer purchased impaired loans. Consumer cash flow estimates are influenced by a number of credit related items, which include, but are not limited to: estimated real estate values, payment patterns, updated FICO scores, the current economic environment, updated LTV ratios and the date of origination. These key factors are monitored to help ensure that concentrations of risk are managed and cash flows are maximized.

Table 49: Home Equity and Residential Real Estate Balances
			June 30		December 31
In millions				2016		2015
	Home equity and residential real estate loans - excluding purchased impaired loans (a)		$	41,750	$	42,268
	Home equity and residential real estate loans - purchased impaired loans (b)			3,379		3,684
	Government insured or guaranteed residential real estate mortgages (a)			834		923
	Difference between outstanding balance and recorded investment in purchased impaired loans			(281)		(331)
		Total home equity and residential real estate loans (a)	$	45,682	$	46,544
(a)	Represents recorded investment.
(b)	Represents outstanding balance.

Table 50: Home Equity and Residential Real Estate Asset Quality Indicators – Excluding Purchased Impaired Loans (a) (b)
			Home Equity				Residential Real Estate
June 30, 2016 - in millions			1st Liens		2nd Liens				Total
Current estimated LTV ratios (c)
	Greater than or equal to 125% and updated FICO scores:
		Greater than 660	$	213	$	815	$	227	$	1,255
		Less than or equal to 660 (d) (e)		35		148		51		234
		Missing FICO		1		6		9		16
	Greater than or equal to 100% to less than 125% and updated FICO scores:
		Greater than 660		553		1,541		444		2,538
		Less than or equal to 660 (d) (e)		78		260		105		443
		Missing FICO		3		3		12		18
	Greater than or equal to 90% to less than 100% and updated FICO scores:
		Greater than 660		626		1,357		561		2,544
		Less than or equal to 660		81		203		82		366
		Missing FICO		1		2		16		19
	Less than 90% and updated FICO scores:
		Greater than 660		13,928		7,631		9,734		31,293
		Less than or equal to 660		1,257		842		600		2,699
		Missing FICO		24		12		287		323
	Missing LTV and updated FICO scores:
		Greater than 660						2		2
Total home equity and residential real estate loans			$	16,800	$	12,820	$	12,130	$	41,750

			Home Equity				Residential Real Estate
December 31, 2015 - in millions			1st Liens		2nd Liens				Total
Current estimated LTV ratios (c)
	Greater than or equal to 125% and updated FICO scores:
		Greater than 660	$	283	$	960	$	284	$	1,527
		Less than or equal to 660 (d) (e)		40		189		68		297
		Missing FICO		1		8		5		14
	Greater than or equal to 100% to less than 125% and updated FICO scores:
		Greater than 660		646		1,733		564		2,943
		Less than or equal to 660 (d) (e)		92		302		102		496
		Missing FICO		3		4		8		15
	Greater than or equal to 90% to less than 100% and updated FICO scores:
		Greater than 660		698		1,492		615		2,805
		Less than or equal to 660		88		226		94		408
		Missing FICO		1		3		10		14
	Less than 90% and updated FICO scores:
		Greater than 660		13,895		7,808		9,117		30,820
		Less than or equal to 660		1,282		923		570		2,775
		Missing FICO		31		18		105		154
Total home equity and residential real estate loans			$	17,060	$	13,666	$	11,542	$	42,268
(a)	Excludes purchased impaired loans of approximately $3.1 billion and $3.4 billion in recorded investment, certain government insured or guaranteed residential real estate mortgages of approximately $.8 billion and $.9 billion, and loans held for sale at June 30, 2016 and December 31, 2015, respectively. See the Home Equity and Residential Real Estate Asset Quality Indicators - Purchased Impaired Loans table below for additional information on purchased impaired loans.
(b)	Amounts shown represent recorded investment.
(c)	Based upon updated LTV (inclusive of combined loan-to-value (CLTV) for first and subordinate lien positions). Updated LTV is estimated using modeled property values. These ratios are updated at least semi-annually. The related estimates and inputs are based upon an approach that uses a combination of third-party automated valuation models (AVMs), broker price opinions (BPOs), HPI indices, property location, internal and external balance information, origination data and management assumptions. We generally utilize origination lien balances provided by a third-party, where applicable, which do not include an amortization assumption when calculating updated LTV. Accordingly, the results of these calculations do not represent actual appraised loan level collateral or updated LTV based upon lien balances held by others, and as such, are necessarily imprecise and subject to change as we enhance our methodology.
(d)	Higher risk loans are defined as loans with both an updated FICO score of less than or equal to 660 and an updated LTV greater than or equal to 100%.
(e)	The following states had the highest percentage of higher risk loans at June 30, 2016: New Jersey 16%, Pennsylvania 12%, Illinois 11%, Ohio 11%, Florida 7%, Maryland 7% and Michigan 4%. The remainder of the states had lower than 4% of the higher risk loans individually, and collectively they represent approximately 32% of the higher risk loans. The following states had the highest percentage of higher risk loans at December 31, 2015: New Jersey 14%, Pennsylvania 12%, Illinois 11%, Ohio 11%, Florida 7%, Maryland 7% and Michigan 5%. The remainder of the states had lower than 4% of the high risk loans individually, and collectively they represent approximately 33% of the higher risk loans.

Table 51: Home Equity and Residential Real Estate Asset Quality Indicators – Purchased Impaired Loans (a)
			Home Equity (b) (c)				Residential Real Estate (b) (c)
June 30, 2016 - in millions			1st Liens		2nd Liens				Total
Current estimated LTV ratios (d)
	Greater than or equal to 125% and updated FICO scores:
		Greater than 660	$	5	$	138	$	162	$	305
		Less than or equal to 660		5		62		60		127
		Missing FICO				2		4		6
	Greater than or equal to 100% to less than 125% and updated FICO scores:
		Greater than 660		9		314		165		488
		Less than or equal to 660		8		126		104		238
		Missing FICO				2		6		8
	Greater than or equal to 90% to less than 100% and updated FICO scores:
		Greater than 660		8		158		122		288
		Less than or equal to 660		5		71		66		142
		Missing FICO				1		3		4
	Less than 90% and updated FICO scores:
		Greater than 660		116		325		609		1,050
		Less than or equal to 660		81		168		421		670
		Missing FICO		1		3		26		30
	Missing LTV and updated FICO scores:
		Greater than 660		2				15		17
		Less than or equal to 660		1				4		5
		Missing FICO						1		1
Total home equity and residential real estate loans			$	241	$	1,370	$	1,768	$	3,379

			Home Equity (b) (c )				Residential Real Estate (b) (c)
December 31, 2015 - in millions			1st Liens		2nd Liens				Total
Current estimated LTV ratios (d)
	Greater than or equal to 125% and updated FICO scores:
		Greater than 660	$	6	$	164	$	147	$	317
		Less than or equal to 660		6		79		76		161
		Missing FICO				7		5		12
	Greater than or equal to 100% to less than 125% and updated FICO scores:
		Greater than 660		12		331		186		529
		Less than or equal to 660		9		145		118		272
		Missing FICO				8		7		15
	Greater than or equal to 90% to less than 100% and updated FICO scores:
		Greater than 660		10		167		133		310
		Less than or equal to 660		6		75		68		149
		Missing FICO				4		3		7
	Less than 90% and updated FICO scores:
		Greater than 660		106		345		665		1,116
		Less than or equal to 660		91		182		455		728
		Missing FICO		1		13		31		45
	Missing LTV and updated FICO scores:
		Greater than 660		1				14		15
		Less than or equal to 660		1				6		7
		Missing FICO						1		1
Total home equity and residential real estate loans			$	249	$	1,520	$	1,915	$	3,684
(a)	Amounts shown represent outstanding balance.
(b)	For the estimate of cash flows utilized in our purchased impaired loan accounting, other assumptions and estimates are made, including amortization of first lien balances, pre-payment rates, etc., which are not reflected in this table.
(c)	The following states had the highest percentage of purchased impaired loans at June 30, 2016: California 16%, Florida 14%, Illinois 11%, Ohio 9%, North Carolina 7%, and Michigan 5%. The remainder of the states had lower than a 4% concentration of purchased impaired loans individually, and collectively they represent approximately 38% of the purchased impaired portfolio. The following states had the highest percentage of purchased impaired loans at December 31, 2015: California 16%, Florida 14%, Illinois 11%, Ohio 9%, North Carolina 7% and Michigan 5%. The remainder of the states had lower than a 4% concentration of purchased impaired loans individually, and collectively they represent approximately 38% of the purchased impaired portfolio.
(d)	Based upon updated LTV (inclusive of combined loan-to-value (CLTV) for first and subordinate lien positions). Updated LTV is estimated using modeled property values. These ratios are updated at least semi-annually. The related estimates and inputs are based upon an approach that uses a combination of third-party automated valuation models (AVMs), broker price opinions (BPOs), HPI indices, property location, internal and external balance information, origination data and management assumptions. We generally utilize origination lien balances provided by a third-party, where applicable, which do not include an amortization assumption when calculating updated LTV. Accordingly, the results of these calculations do not represent actual appraised loan level collateral or updated LTV based upon lien balances held by others, and as such, are necessarily imprecise and subject to change as we enhance our methodology.

Credit Card and Other Consumer Loan Classes

We monitor a variety of asset quality information in the management of the credit card and other consumer loan classes. Other consumer loan classes include education, automobile, and other secured and unsecured lines and loans. Along with the trending of delinquencies and losses for each class, FICO credit score updates are generally obtained monthly, as well as a variety of credit bureau attributes. Loans with high FICO scores tend to have a lower likelihood of loss. Conversely, loans with low FICO scores tend to have a higher likelihood of loss.

Table 52: Credit Card and Other Consumer Loan Classes Asset Quality Indicators
		Credit Card (a)				Other Consumer (b)
				% of Total Loans				% of Total Loans
				Using FICO				Using FICO
Dollars in millions			Amount	Credit Metric			Amount	Credit Metric
June 30, 2016
	FICO score greater than 719	$	2,979	61	%	$	9,765	66	%
	650 to 719		1,362	28			3,594	24
	620 to 649		196	4			507	3
	Less than 620		207	4			584	4
	No FICO score available or required (c)		152	3			368	3
Total loans using FICO credit metric			4,896	100	%		14,818	100	%
	Consumer loans using other internal credit metrics (b)						6,638
Total loan balance		$	4,896			$	21,456
Weighted-average updated FICO score (d)				735				746
December 31, 2015
	FICO score greater than 719	$	2,936	60	%	$	9,371	65	%
	650 to 719		1,346	28			3,534	24
	620 to 649		202	4			523	4
	Less than 620		227	5			604	4
	No FICO score available or required (c)		151	3			501	3
Total loans using FICO credit metric			4,862	100	%		14,533	100	%
	Consumer loans using other internal credit metrics (b)						7,213
Total loan balance		$	4,862			$	21,746
Weighted-average updated FICO score (d)				734				744
(a)	At June 30, 2016, we had $32 million of credit card loans that are higher risk (i.e., loans with both updated FICO scores less than 660 and in late stage (90+ days) delinquency status). The majority of the June 30, 2016 balance related to higher risk credit card loans was geographically distributed throughout the following areas: Ohio 17%, Pennsylvania 16%, Michigan 8%, New Jersey 8%, Florida 7%, Illinois 6%, Maryland 5%, Kentucky 4%, and Indiana 4%. All other states had less than 4% individually and make up the remainder of the balance. At December 31, 2015, we had $34 million of credit card loans that are higher risk. The majority of the December 31, 2015 balance related to higher risk credit card loans was geographically distributed throughout the following areas: Ohio 17%, Pennsylvania 15%, Michigan 8%, New Jersey 8%, Florida 7%, Illinois 6%, Indiana 6%, Maryland 4% and North Carolina 4%. All other states had less than 4% individually and make up the remainder of the balance.
(b)	Other consumer loans for which updated FICO scores are used as an asset quality indicator include non-government guaranteed or insured education loans, automobile
	loans and other secured and unsecured lines and loans. Other consumer loans for which other internal credit metrics are used as an asset quality indicator include primarily
	government guaranteed or insured education loans, as well as consumer loans to high net worth individuals. Other internal credit metrics may include delinquency status,
	geography or other factors.
(c)	Credit card loans and other consumer loans with no FICO score available or required generally refers to new accounts issued to borrowers with limited credit history, accounts for which we cannot obtain an updated FICO score (e.g., recent profile changes), cards issued with a business name, and/or cards secured by collateral. Management proactively assesses the risk and size of this loan portfolio and, when necessary, takes actions to mitigate the credit risk.
(d)	Weighted-average updated FICO score excludes accounts with no FICO score available or required.

Troubled Debt Restructurings (TDRs)
Table 53: Summary of Troubled Debt Restructurings
		June 30		December 31
In millions			2016		2015
Total commercial lending		$	588	$	434
Total consumer lending			1,860		1,917
	Total TDRs	$	2,448	$	2,351
Nonperforming		$	1,240	$	1,119
Accruing (a)			1,208		1,232
	Total TDRs	$	2,448	$	2,351
(a)	Accruing loans include consumer credit card loans and loans that have demonstrated a period of at least six months of performance under the restructured terms and are excluded from nonperforming loans. Loans where borrowers have been discharged from personal liability through Chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to PNC and loans to borrowers not currently obligated to make both principal and interest payments under the restructured terms are not returned to accrual status.

We held specific reserves in the ALLL of $.4 billionand $.3 billion atJune 30,2016 and December 31, 2015, respectively, for the total TDR portfolio.

Table 54 quantifies the number of loans that were classified as TDRs as well as the change in the loans’ recorded investment as a result of becoming a TDR during the first six months and second quarters of 2016 and 2015, respectively. Additionally, the table provides information about the types of TDR concessions. See Note 3 Asset Quality in our 2015 Form 10-K for additional discussion of TDR concessions.

Table 54: Financial Impact and TDRs by Concession Type (a)
				Pre-TDR		Post-TDR Recorded Investment (c)
During the three months ended June 30, 2016		Number		Recorded			Principal		Rate
Dollars in millions		of Loans		Investment (b)			Forgiveness (d)		Reduction (e)		Other (f)		Total
Total commercial lending			30	$	204				$	42	$	141	$	183
Total consumer lending			2,670		57					38		16		54
	Total TDRs		2,700	$	261				$	80	$	157	$	237
During the three months ended June 30, 2015
Dollars in millions
Total commercial lending			37	$	42		$	4	$	3	$	21	$	28
Total consumer lending			2,769		86					47		36		83
	Total TDRs		2,806	$	128		$	4	$	50	$	57	$	111

Table 54: Financial Impact and TDRs by Concession Type (Continued) (a)
				Pre-TDR		Post-TDR Recorded Investment (c)
During the six months ended June 30, 2016		Number		Recorded			Principal		Rate
Dollars in millions		of Loans		Investment (b)			Forgiveness (d)		Reduction (e)		Other (f)		Total
Total commercial lending			72	$	372				$	52	$	283	$	335
Total consumer lending			5,635		125					82		36		118
	Total TDRs		5,707	$	497				$	134	$	319	$	453
During the six months ended June 30, 2015
Dollars in millions
Total commercial lending (d)			75	$	105		$	6	$	3	$	72	$	81
Total consumer lending			5,386		155					88		61		149
	Total TDRs		5,461	$	260		$	6	$	91	$	133	$	230
(a)	Impact of partial charge-offs at TDR date are included in this table.
(b)	Represents the recorded investment of the loans as of the quarter end prior to TDR designation, and excludes immaterial amounts of accrued interest receivable.
(c)	Represents the recorded investment of the TDRs as of the end of the quarter in which the TDR occurs, and excludes immaterial amounts of accrued interest receivable.
(d)	Includes principal forgiveness and accrued interest forgiveness. These types of TDRs result in a write down of the recorded investment and a charge-off if such action has not already taken place.
(e)	Includes reduced interest rate and interest deferral. The TDRs within this category result in reductions to future interest income.
(f)	Primarily includes consumer borrowers that have been discharged from personal liability through Chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to PNC, as well as postponement/reduction of scheduled amortization and contractual extensions for both consumer and commercial borrowers.

After a loan is determined to be a TDR, we continue to track its performance under its most recent restructured terms. We consider a TDR to have subsequently defaulted when it becomes 60 days past due after the most recent date the loan was restructured. The recorded investment of loans that were both (i) classified as TDRs or were subsequently modified during each 12-month period preceding January 1, 2016 and January 1, 2015, respectively, and (ii) subsequently defaulted during the three months and six months ended June 30, 2016 totaled $38 million and $59 million, respectively. The comparable amounts for the three months and six months ended June 30, 2015 totaled $27 million and $45 million, respectively.

See Note 3 Asset Quality in our 2015 Form 10-K for additional discussion on TDRs.

Impaired Loans

Impaired loans include commercial nonperforming loans and consumer and commercial TDRs, regardless of nonperforming status. TDRs that were previously recorded at amortized cost and are now classified and accounted for as held for sale are also included. Excluded from impaired loans are nonperforming leases, loans accounted for as held for sale other than the TDRs described in the preceding sentence,loans accounted for under the fair value option, smaller balance homogeneous type loans and purchased impaired loans. Nonperforming equipment lease financing loans of $19 million and $7 million at June 30,2016 and December 31, 2015, respectively, are excluded from impaired loans pursuant to authoritative lease accounting guidance. We did not recognize any interest income on impaired loansthat have not returned to performing status, while they were impaired during the six months endedJune 30,2016 and June 30,2015.The following table provides further detail on impaired loans individually evaluated for impairment and the associated ALLL. Certain commercial and consumer impaired loans do not have a related ALLL as the valuation of these impaired loans exceeded the recorded investment.

Table 55: Impaired Loans
			Unpaid							Average
			Principal		Recorded		Associated			Recorded
In millions			Balance		Investment		Allowance (a)			Investment (b)
June 30, 2016
	Impaired loans with an associated allowance
		Commercial	$	661	$	489		$	140	$	395
		Commercial real estate		200		97			27		110
		Home equity		919		875			196		904
		Residential real estate		246		245			31		258
		Credit card		104		104			26		106
		Other consumer		27		24			1		25
	Total impaired loans with an associated allowance		$	2,157	$	1,834		$	421	$	1,798
	Impaired loans without an associated allowance
		Commercial	$	328	$	230				$	222
		Commercial real estate		201		144					152
		Home equity		471		215					200
		Residential real estate		509		389					389
		Other consumer		23		8					8
	Total impaired loans without an associated allowance		$	1,532	$	986				$	971
	Total impaired loans		$	3,689	$	2,820		$	421	$	2,769
December 31, 2015
	Impaired loans with an associated allowance
		Commercial	$	442	$	337		$	84	$	306
		Commercial real estate		254		130			35		197
		Home equity		978		909			216		965
		Residential real estate		272		264			35		359
		Credit card		108		108			24		118
		Other consumer		31		26			1		32
	Total impaired loans with an associated allowance		$	2,085	$	1,774		$	395	$	1,977
	Impaired loans without an associated allowance
		Commercial	$	201	$	118				$	87
		Commercial real estate		206		158					168
		Home equity		464		206					158
		Residential real estate		512		396					346
		Other consumer		24		8					8
	Total impaired loans without an associated allowance		$	1,407	$	886				$	767
	Total impaired loans		$	3,492	$	2,660		$	395	$	2,744
(a)	Associated allowance amounts include $.4 billion and $.3 billion for TDRs at June 30, 2016 and December 31, 2015, respectively.
(b)	Average recorded investment is for the six months ended June 30, 2016 and the year ended December 31, 2015, respectively.

XML

Allowances for Loan and Lease Losses and Unfunded Loan Commitments and Letters Of Credit

6 Months Ended

Jun. 30, 2016

Allowance For Loan And Lease Losses [Abstract]

Allowances for Loan and Lease Losses and Unfunded Loan Commitments and Letters Of Credit

Note 4 Allowances for Loan and Lease Losses and Unfunded Loan Commitments and Letters of Credit

Allowance for Loan and Lease Losses

We maintain the ALLL at levels that we believe to be appropriate to absorb estimated probable credit losses incurred in the portfolios as of the balance sheet date. We use the two main portfolio segments – Commercial Lending and Consumer Lending – and develop and document the ALLL under separate methodologies for each of these segments as discussed in Note 1 Accounting Policies of our 2015 Form 10-K. A rollforward of the ALLL and associated loan data follows.

Table 56: Rollforward of Allowance for Loan and Lease Losses and Associated Loan Data
				Commercial			Consumer
In millions				Lending			Lending				Total
June 30, 2016
	Allowance for Loan and Lease Losses
		January 1		$	1,605		$	1,122		$	2,727
		Charge-offs			(187)			(262)			(449)
		Recoveries			88			78			166
			Net (charge-offs) / recoveries		(99)			(184)			(283)
		Provision for credit losses			153			126			279
		Net change in allowance for unfunded loan commitments and letters of credit			(41)			(1)			(42)
		Net recoveries of purchased impaired loans						4			4
			June 30	$	1,618		$	1,067		$	2,685
		TDRs individually evaluated for impairment		$	103		$	254		$	357
		Other loans individually evaluated for impairment			64						64
		Loans collectively evaluated for impairment			1,407			532			1,939
		Purchased impaired loans			44			281			325
			June 30	$	1,618		$	1,067		$	2,685
	Loan Portfolio
		TDRs individually evaluated for impairment (a)		$	588		$	1,860		$	2,448
		Other loans individually evaluated for impairment			372						372
		Loans collectively evaluated for impairment (b)			135,924			66,225			202,149
		Fair value option loans (c)						851			851
		Purchased impaired loans			138			3,098			3,236
			June 30	$	137,022		$	72,034		$	209,056
	Portfolio segment ALLL as a percentage of total ALLL				60	%		40	%		100	%
	Ratio of the allowance for loan and lease losses to total loans (d)				1.18	%		1.48	%		1.28	%
June 30, 2015
	Allowance for Loan and Lease Losses
		January 1		$	1,571		$	1,760		$	3,331
		Charge-offs			(108)			(284)			(392)
		Recoveries			134			88			222
			Net charge-offs		26			(196)			(170)
		Provision for credit losses			20			80			100
		Net change in allowance for unfunded loan commitments and letters of credit			13						13
		Other			(2)						(2)
			June 30	$	1,628		$	1,644		$	3,272
		TDRs individually evaluated for impairment		$	35		$	274		$	309
		Other loans individually evaluated for impairment			65						65
		Loans collectively evaluated for impairment			1,461			582			2,043
		Purchased impaired loans			67			788			855
			June 30	$	1,628		$	1,644		$	3,272
	Loan Portfolio
		TDRs individually evaluated for impairment (a)		$	414		$	2,002		$	2,416
		Other loans individually evaluated for impairment			282						282
		Loans collectively evaluated for impairment (b)			129,791			67,258			197,049
		Fair value option loans (c)						941			941
		Purchased impaired loans			235			4,230			4,465
			June 30	$	130,722		$	74,431		$	205,153
	Portfolio segment ALLL as a percentage of total ALLL				50	%		50	%		100	%
	Ratio of the allowance for loan and lease losses to total loans				1.25	%		2.21	%		1.59	%
(a)	TDRs individually evaluated for impairment exclude TDRs that were subsequently accounted for as held for sale loans, but continue to be disclosed as TDRs.
(b)	Includes $149 million of loans collectively evaluated for impairment based upon collateral values and written down to the respective collateral value less costs to sell at June 30,
	2016. Accordingly, there is no allowance recorded on these loans. The comparative amount as of June 30, 2015 was $174 million.
(c)	Loans accounted for under the fair value option are not evaluated for impairment as these loans are accounted for at fair value. Accordingly, there is no allowance recorded on these loans.
(d)	See Note 1 Accounting Policies in our 2015 Form 10-K for information on our change in derecognition policy effective December 31, 2015 for certain purchased impaired loans.

Allowance for Unfunded Loan Commitments and Letters of Credit

We maintain the allowance for unfunded loan commitments and letters of credit at a level we believe is appropriate to absorb estimated probable credit losses incurred on these unfunded credit facilities as of the balance sheet date as discussed in Note 1 Accounting Policies of our 2015 Form 10-K. A rollforward of the allowance is presented below.

Table 57: Rollforward of Allowance for Unfunded Loan Commitments and Letters of Credit
In millions		2016		2015
January 1	$	261	$	259
Net change in allowance for unfunded loan commitments and letters of credit		42		(13)
June 30	$	303	$	246

XML

Investment Securities

6 Months Ended

Jun. 30, 2016

Investment Securities Disclosure [Abstract]

Investment Securities

NOTE 5 INVESTMENT SECURITIES
Table 58: Investment Securities Summary
			Amortized		Unrealized						Fair
In millions			Cost		Gains			Losses			Value
June 30, 2016
Securities Available for Sale
Debt securities
	U.S. Treasury and government agencies		$	9,794		$	323	$	(19)	$	10,098
	Residential mortgage-backed
		Agency		25,216			568		(16)		25,768
		Non-agency		3,555			214		(80)		3,689
	Commercial mortgage-backed
		Agency		1,740			26		(3)		1,763
		Non-agency		4,559			70		(25)		4,604
	Asset-backed			5,682			55		(40)		5,697
	State and municipal			1,984			119		(3)		2,100
	Other debt			2,616			69		(4)		2,681
		Total debt securities		55,146			1,444		(190)		56,400
Corporate stocks and other				483			1				484
	Total securities available for sale		$	55,629		$	1,445	$	(190)	$	56,884
Securities Held to Maturity (a)
Debt securities
	U.S. Treasury and government agencies		$	263		$	68			$	331
	Residential mortgage-backed
		Agency		10,058			245	$	(3)		10,300
		Non-agency		217			14				231
	Commercial mortgage-backed
		Agency		1,109			46				1,155
		Non-agency		612			26				638
	Asset-backed			705					(8)		697
	State and municipal			1,931			175				2,106
	Other debt			22							22
	Total securities held to maturity		$	14,917		$	574	$	(11)	$	15,480
December 31, 2015
Securities Available for Sale
Debt securities
	U.S. Treasury and government agencies		$	9,764		$	152	$	(42)	$	9,874
	Residential mortgage-backed
		Agency		24,698			250		(128)		24,820
		Non-agency		3,992			247		(88)		4,151
	Commercial mortgage-backed
		Agency		1,917			11		(10)		1,918
		Non-agency		4,902			30		(29)		4,903
	Asset-backed			5,417			54		(48)		5,423
	State and municipal			1,982			79		(5)		2,056
	Other debt			2,007			31		(12)		2,026
		Total debt securities		54,679			854		(362)		55,171
Corporate stocks and other				590					(1)		589
	Total securities available for sale		$	55,269		$	854	$	(363)	$	55,760
Securities Held to Maturity (a)
Debt securities
	U.S. Treasury and government agencies		$	258		$	40			$	298
	Residential mortgage-backed
		Agency		9,552			101	$	(65)		9,588
		Non-agency		233			8				241
	Commercial mortgage-backed
		Agency		1,128			40				1,168
		Non-agency		722			6		(1)		727
	Asset-backed			717					(10)		707
	State and municipal			1,954			116				2,070
	Other debt			204					(1)		203
	Total securities held to maturity		$	14,768		$	311	$	(77)	$	15,002
(a)	Held to maturity securities transferred from available for sale are recorded in held to maturity at fair value at the time of transfer. The amortized cost of held to maturity securities included net unrealized gains of $84 million and $97 million at June 30, 2016 and December 31, 2015, respectively, related to securities transferred, which are offset in Accumulated Other Comprehensive Income, net of tax.

The fair value of investment securities is impacted by interest rates, credit spreads, market volatility and liquidity conditions. Net unrealized gains and losses in the securities available for sale portfolio are included in Shareholders’ equity as Accumulated other comprehensive income or loss, net of tax, unless credit-related. Securities held to maturity are carried at amortized cost. At June 30,2016, Accumulated other comprehensive income included pretax gains of $98 million from derivatives that hedged the purchase of investment securities classified as held to maturity. The gains will be accreted into interest income as an adjustment of yield on the securities.

Table 59 presents gross unrealized losses on securities available for sale at June 30,2016 and December 31, 2015. The securities are segregated between investments that have been in a continuous unrealized loss position for less than twelve months and twelve months or more based on the point in time that the fair value declined below the amortized cost basis. The table includes debt securities where a portion of other-than-temporary impairment (OTTI) has been recognized in Accumulated other comprehensive income (loss). The decrease in total unrealized lossesat June 30,2016when compared to December 31,2015was due to a decline in market interest rates.

Table 59: Gross Unrealized Loss and Fair Value of Securities Available for Sale
				Unrealized loss position less					Unrealized loss position 12
In millions				than 12 months					months or more				Total
				Unrealized			Fair		Unrealized		Fair		Unrealized		Fair
				Loss			Value		Loss		Value		Loss		Value
June 30, 2016
Debt securities
	U.S. Treasury and government agencies				$	(6)	$	1,030	$	(13)	$	2,445	$	(19)	$	3,475
	Residential mortgage-backed
		Agency				(3)		662		(13)		879		(16)		1,541
		Non-agency				(6)		344		(74)		1,292		(80)		1,636
	Commercial mortgage-backed
		Agency				(2)		122		(1)		186		(3)		308
		Non-agency				(5)		1,006		(20)		1,169		(25)		2,175
	Asset-backed					(8)		1,081		(32)		1,567		(40)		2,648
	State and municipal					(3)		239		(a)		55		(3)		294
	Other debt					(2)		79		(2)		102		(4)		181
			Total debt securities			(35)		4,563		(155)		7,695		(190)		12,258
	Corporate stocks and other									(a)		15		(a)		15
			Total		$	(35)	$	4,563	$	(155)	$	7,710	$	(190)	$	12,273
December 31, 2015
Debt securities
	U.S. Treasury and government agencies				$	(40)	$	5,885	$	(2)	$	120	$	(42)	$	6,005
	Residential mortgage-backed
		Agency				(103)		11,799		(25)		1,094		(128)		12,893
		Non-agency				(3)		368		(85)		1,527		(88)		1,895
	Commercial mortgage-backed
		Agency				(7)		745		(3)		120		(10)		865
		Non-agency				(22)		2,310		(7)		807		(29)		3,117
	Asset-backed					(30)		3,477		(18)		494		(48)		3,971
	State and municipal					(3)		326		(2)		60		(5)		386
	Other debt					(8)		759		(4)		188		(12)		947
			Total debt securities			(216)		25,669		(146)		4,410		(362)		30,079
	Corporate stocks and other					(a)		46		(1)		15		(1)		61
			Total		$	(216)	$	25,715	$	(147)	$	4,425	$	(363)	$	30,140
(a)	The unrealized loss on these securities was less than $.5 million.

The gross unrealized loss on debt securities held to maturity was $10 million atJune 30,2016, with less than $.5 million of the loss related to securities with a fair value of $.2billion that had been in a continuous loss position less than 12 months and $10 million of the loss related to securities with a fair value of $.9 billion that had been in a continuous loss position for more than 12 months. The gross unrealized loss on debt securities held to maturity was $82 million at December 31, 2015, with $59 million of the loss related to securities with a fair value of $5.5 billion that had been in a continuous loss position less than 12 months and $23 million of the loss related to securities with a fair value of $953 million that had been in a continuous loss position for more than 12 months. For securities transferred to held to maturity from available for sale, the unrealized loss for purposes of this analysis is determined by comparing the security’s original amortized cost to its current estimated fair value.

Evaluating Investment Securities for Other-than-Temporary Impairments

For the securities in the preceding Table 59, as of June 30,2016we do not intend to sell and believe we will not be required to sell the securitiesprior to recovery of the amortized cost basis.

As more fully described in Note 6 Investment Securities in our 2015 Form 10-K, at least quarterly, we conduct a comprehensive security-level assessment on all securities. For those securities in an unrealized loss position we determine if OTTI exists. An unrealized loss exists when the current fair value of an individual security is less than its amortized cost basis. An OTTI loss must be recognized for a debt security in an unrealized loss position if we intend to sell the security or it is more likely than not we will be required to sell the security prior to recovery of its amortized cost basis. Even if we do not expect to sell the security, we must evaluate the expected cash flows to be received to determine if we believe a credit loss has occurred. In the event of a credit loss, only the amount of impairment associated with the credit loss is recognized in income. The portion of the unrealized loss relating to other factors, such as liquidity conditions in the market or changes in market interest rates, is recorded in accumulated other comprehensive income (loss). See Note 6 Investment Securities in our 2015 Form 10-K for additional details on this quarterly assessment.

For those securities on our balance sheet where we determined losses represented OTTI, we have recorded cumulative credit losses of $1.1billion at June 30,2016. During the first six months of 2016 and 2015, the OTTI credit losses recognized in noninterest income and the OTTI noncredit losses recognized in accumulated other comprehensive income (loss), net of tax, on securities were not significant.

Information relating to gross realized securities gains and losses from the sales of securities is set forth in the following table.

Table 60: Gains (Losses) on Sales of Securities Available for Sale
Six months ended June 30			Gross		Gross		Net		Tax
In millions	Proceeds		Gains		Losses		Gains		Expense
2016	$	2,093	$	14	$	(1)	$	13	$	5
2015	$	2,441	$	51	$	(1)	$	50	$	17

The following table presents, by remaining contractual maturity, the amortized cost, fair value and weighted-average yield of debt securities at June 30,2016.

Table 61: Contractual Maturity of Debt Securities
June 30, 2016					After 1 Year			After 5 Years			After 10
Dollars in millions		1 Year or Less			through 5 Years			through 10 Years			Years			Total
Securities Available for Sale
U.S. Treasury and government agencies		$	445		$	5,014		$	3,260		$	1,075		$	9,794
Residential mortgage-backed
	Agency					129			849			24,238			25,216
	Non-agency					3						3,552			3,555
Commercial mortgage-backed
	Agency		6			122			282			1,330			1,740
	Non-agency		50			21			8			4,480			4,559
Asset-backed			13			1,801			1,833			2,035			5,682
State and municipal			2			147			349			1,486			1,984
Other debt			272			1,910			303			131			2,616
Total debt securities available for sale		$	788		$	9,147		$	6,884		$	38,327		$	55,146
Fair value		$	794		$	9,305		$	7,033		$	39,268		$	56,400
Weighted-average yield, GAAP basis			2.44	%		2.21	%		2.31	%		2.89	%		2.70	%
Securities Held to Maturity
U.S. Treasury and government agencies											$	263		$	263
Residential mortgage-backed
	Agency				$	11		$	382			9,665			10,058
	Non-agency											217			217
Commercial mortgage-backed
	Agency	$	157			774			121			57			1,109
	Non-agency											612			612
Asset-backed						2			589			114			705
State and municipal			4			57			979			891			1,931
Other debt						22									22
Total debt securities held to maturity		$	161		$	866		$	2,071		$	11,819		$	14,917
Fair value		$	161		$	901		$	2,184		$	12,234		$	15,480
Weighted-average yield, GAAP basis			3.25	%		3.47	%		3.27	%		3.40	%		3.39	%

Weighted-average yields are based on historical cost with effective yields weighted for the contractual maturity of each security. At June 30,2016, there were no securities of a single issuer, other than FHLMC and FNMA, that exceeded 10% of Total shareholders’ equity. The FHLMC investments hada total amortized cost of $4.7 billion and fair value of $4.8 billion. The FNMA investments had a total amortized cost of $23.3 billion and fair value of $23.8 billion.

The following table presents the fair value of securities that have been either pledged to or accepted from others to collateralize outstanding borrowings.

Table 62: Fair Value of Securities Pledged and Accepted as Collateral
		June 30			December 31
In millions		2016			2015
Pledged to others			$	9,699		$	9,674
Accepted from others:
	Permitted by contract or custom to sell or repledge		$	1,183		$	1,100
	Permitted amount repledged to others		$	1,023		$	943

The securities pledged to others include positions held in our portfolio of investment securities, trading securities, and securities accepted as collateral from others that we are permitted by contract or custom to sell or repledge, and were used to secure public and trust deposits, repurchase agreements, and for other purposes.

XML

Fair Value

6 Months Ended

Jun. 30, 2016

Fair Value [Abstract]

Fair Value

Note 6 Fair Value

Fair Value Measurement

PNC measures certain financial assets and liabilities at fair value in accordance with GAAP. Fair value is defined in GAAP as the price that would be received to sell an asset or the price that would be paid to transfer a liability on the measurement date. GAAP focuses on the exit price in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. GAAP also establishes a fair value hierarchy to maximize the use of observable inputs when measuring fair value.For more information regarding the fair value hierarchy see Note 7 Fair Value in our 2015 Form 10-K.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

For more information on the valuation methodologies used to measure assets and liabilities at fair value on a recurring basis, see Note 7 Fair Value in our 2015 Form 10-K. The following table summarizes our assets and liabilities measured at fair value on a recurring basis, including instruments for which PNC has elected the fair value option.

Table 63: Fair Value Measurements - Recurring Basis Summary
					June 30, 2016								December 31, 2015
											Total								Total
In millions				Level 1		Level 2		Level 3		Fair Value			Level 1	Level 2		Level 3		Fair Value
Assets
	Securities available for sale
		U.S. Treasury and government agencies		$	9,483	$	615			$	10,098	$	9,267	$	607			$	9,874
		Residential mortgage-backed
			Agency				25,768				25,768				24,820				24,820
			Non-agency				132	$	3,557		3,689				143	$	4,008		4,151
		Commercial mortgage-backed
			Agency				1,763				1,763				1,918				1,918
			Non-agency				4,604				4,604				4,903				4,903
		Asset-backed					5,261		436		5,697				4,941		482		5,423
		State and municipal					2,085		15		2,100				2,041		15		2,056
		Other debt					2,648		33		2,681				1,996		30		2,026
			Total debt securities		9,483		42,876		4,041		56,400		9,267		41,369		4,535		55,171
		Corporate stocks and other			421		63				484		527		62				589
			Total securities available for sale		9,904		42,939		4,041		56,884		9,794		41,431		4,535		55,760
	Financial derivatives (a) (b)
		Interest rate contracts					7,761		47		7,808				4,626		29		4,655
		Other contracts					415		4		419				284		2		286
			Total financial derivatives				8,176		51		8,227				4,910		31		4,941
	Residential mortgage loans held for sale (c)						1,110		6		1,116				838		5		843
	Trading securities (d)
		Debt			799		1,193		2		1,994		987		727		3		1,717
		Equity			12						12		9						9
			Total trading securities		811		1,193		2		2,006		996		727		3		1,726
	Residential mortgage servicing rights								774		774						1,063		1,063
	Commercial mortgage servicing rights								448		448						526		526
	Commercial mortgage loans held for sale (c)								981		981						641		641
	Equity investments - direct investments								1,120		1,120						1,098		1,098
	Equity investments - indirect investments (e) (f)								233		281								347
	Customer resale agreements (g)						137				137				137				137
	Loans (h)						534		317		851				565		340		905
	Other assets
		BlackRock Series C Preferred Stock (i)							209		209						357		357
		Other			254		165		6		425		254		199		7		460
			Total other assets		254		165		215		634		254		199		364		817
		Total assets		$	10,969	$	54,254	$	8,188	$	73,459	$	11,044	$	48,807	$	8,606	$	68,804
Liabilities
	Financial derivatives (b) (j)
		Interest rate contracts		$	3	$	5,455	$	11	$	5,469	$	1	$	3,124	$	7	$	3,132
		BlackRock LTIP							209		209						357		357
		Other contracts					225		165		390				204		109		313
			Total financial derivatives		3		5,680		385		6,068		1		3,328		473		3,802
	Trading securities sold short (k)
		Debt			1,036		10				1,046		960		27				987
			Total trading securities sold short		1,036		10				1,046		960		27				987
	Other borrowed funds						62		8		70				81		12		93
	Other liabilities								13		13						10		10
		Total liabilities		$	1,039	$	5,752	$	406	$	7,197	$	961	$	3,436	$	495	$	4,892
(a)		Included in Other assets on the Consolidated Balance Sheet.
(b)		Amounts at June 30, 2016 and December 31, 2015, are presented gross and are not reduced by the impact of legally enforceable master netting agreements that allow PNC to net positive and negative positions and cash collateral held or placed with the same counterparty. At June 30, 2016 and December 31, 2015, the net asset amounts were $3.0 billion and $1.8 billion, respectively, and the net liability amounts were $.6 billion and $.6 billion, respectively.
(c)		Included in Loans held for sale on the Consolidated Balance Sheet. PNC has elected the fair value option for certain residential and commercial mortgage loans held for sale.
(d)		Fair value includes net unrealized gains of $79 million at June 30, 2016 compared with net unrealized gains of $23 million at December 31, 2015.
(e)		In accordance with ASC 820-10, certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented on the Consolidated Balance Sheet.
(f)		The indirect equity funds are not redeemable, but PNC receives distributions over the life of the partnership from liquidation of the underlying investments by the investee, which we expect to occur over the next twelve years. The amount of unfunded contractual commitments as of June 30, 2016 related to indirect equity investments was $109 million and related to direct equity investments was $22 million, respectively. Comparable amounts at December 31, 2015 were $103 million and $23 million, respectively.
(g)		Included in Federal funds sold and resale agreements on the Consolidated Balance Sheet. PNC has elected the fair value option for these items.
(h)		Included in Loans on the Consolidated Balance Sheet.
(i)		PNC has elected the fair value option for these shares.
(j)		Included in Other liabilities on the Consolidated Balance Sheet.
(k)		Included in Other borrowed funds on the Consolidated Balance Sheet.

Reconciliations of assets and liabilities measured at fair value on a recurring basis using Level 3 inputs for the three and six months ended June 30, 2016 and 2015 follow:
Table 64: Reconciliation of Level 3 Assets and Liabilities
Three Months Ended June 30, 2016
																											Unrealized
																											gains / losses
								Total realized / unrealized																			on assets and
							gains or losses for the period (a)																				liabilities held on
											Included																Consolidated
Level 3 Instruments					Fair Value						in Other										Transfers		Transfers		Fair Value		Balance Sheet
	Only				Mar. 31,			Included in			comprehensive										into		out of		June 30,		at June 30,
In millions					2016			Earnings			income		Purchases		Sales		Issuances		Settlements		Level 3		Level 3		2016		2016 (a) (b)
Assets
	Securities available for
		sale
		Residential mortgage-
			backed non-agency		$	3,810		$	11		$	17			$	(60)			$	(221)					$	3,557
		Asset-backed				451			3			4								(22)						436
		State and municipal				14						1														15
		Other debt				30							$	7		(2)				(2)						33
			Total securities
				available for sale		4,305			14			22		7		(62)				(245)						4,041
	Financial derivatives					41			35					1						(26)						51	$	32
	Residential mortgage
		loans held for sale				4								3							$	3	$	(4)		6
	Trading securities - Debt					2																				2
	Residential mortgage
		servicing rights				863			(113)					53			$	12		(41)						774		(113)
	Commercial mortgage
		servicing rights				460			(9)					6				14		(23)						448		(9)
	Commercial mortgage
		loans held for sale				655			21							(805)		1,129		(19)						981		12
	Equity investments
		Direct investments				1,156			15					95		(146)										1,120		13
		Indirect investments																				233	(c)			233
	Loans					329			1					22		(6)				(17)				(12)		317		1
	Other assets
		BlackRock Series C
			Preferred Stock			208			1																	209		1
		Other				6																				6
			Total other assets			214			1																	215		1
				Total assets	$	8,029		$	(35)	(d)	$	22	$	187	$	(1,019)	$	1,155	$	(371)	$	236	$	(16)	$	8,188	$	(63)	(e)
Liabilities
	Financial derivatives (f)				$	333		$	62						$	1			$	(11)					$	385	$	65
	Other borrowed funds					8											$	17		(17)						8
	Other liabilities					14			1									34		(36)						13
				Total liabilities	$	355		$	63	(d)					$	1	$	51	$	(64)					$	406	$	65	(e)

Three Months Ended June 30, 2015
																												Unrealized
																												gains / losses
									Total realized / unrealized																			on assets and
								gains or losses for the period (a)																				liabilities held on
												Included																Consolidated
Level 3 Instruments						Fair Value			Included			in Other										Transfers		Transfers		Fair Value		Balance Sheet
	Only				Mar. 31,				in			comprehensive										into		out of		June 30,		at June 30,
In millions						2015			Earnings			income		Purchases		Sales		Issuances		Settlements		Level 3		Level 3		2015		2015 (a) (b)
Assets
	Securities available for
		sale
		Residential mortgage-
			backed non-agency			$	4,624		$	30		$	(8)							$	(222)					$	4,424
		Commercial mortgage-
			backed non-agency							1											(1)
		Asset-backed					548			5			5								(27)						531
		State and municipal					133														(117)						16
		Other debt					33																				33
			Total securities
				available for sale			5,338			36			(3)								(367)						5,004
	Financial derivatives						54			16											(34)						36	$	33
	Residential mortgage
		loans held for sale					7							$	11	$	(2)				(1)	$	1	$	(6)		10
	Trading securities - Debt						3																				3
	Residential mortgage
		servicing rights					839			135					67			$	21		(47)						1,015		134
	Commercial mortgage
		servicing rights					494			34					17				20		(22)						543		34
	Commercial mortgage
		loans held for sale					975			23							(1,215)		1,008		(34)						757
	Equity investments -
		direct investments					1,149			27					95		(80)										1,191		22
	Loans						383			5					23		(4)				(35)		6		(13)		365		1
	Other assets
		BlackRock Series C
			Preferred Stock				384			(21)																	363		(21)
		Other					10										(2)				(1)						7
			Total other assets				394			(21)							(2)				(1)						370		(21)
				Total assets		$	9,636		$	255	(d)	$	(3)	$	213	$	(1,303)	$	1,049	$	(541)	$	7	$	(19)	$	9,294	$	203	(e)
Liabilities
	Financial derivatives (f)					$	529		$	(15)						$	1			$	(17)					$	498	$	(25)
	Other borrowed funds						171			3								$	21		(30)						165
	Other liabilities						10																				10
				Total liabilities		$	710		$	(12)	(d)					$	1	$	21	$	(47)					$	673	$	(25)	(e)

Six Months Ended June 30, 2016
																													Unrealized
								Total realized / unrealized																					gains / losses
								gains or losses for the period (a)																					on assets and
												Included																	liabilities held on
Level 3 Instruments					Fair Value							in Other										Transfers			Transfers		Fair Value		Consolidated
	Only				Dec. 31,				Included in			comprehensive										into			out of		June 30,		Balance Sheet
In millions					2015				Earnings			income		Purchases		Sales		Issuances		Settlements		Level 3			Level 3		2016		at June 30, 2016 (a) (b)
Assets
	Securities available
		for sale
		Residential mortgage-
			backed non-agency			$	4,008		$	33		$	(28)			$	(60)			$	(396)						$	3,557	$	(1)
		Asset-backed					482			6			(8)								(44)							436
		State and municipal					15																					15
		Other debt					30							$	9		(4)				(2)							33
			Total securities
				available for sale			4,535			39			(36)		9		(64)				(442)							4,041		(1)
	Financial derivatives						31			69					1						(50)							51		65
	Residential mortgage
		loans held for sale					5								6		(1)					$	5		$	(9)		6
	Trading securities - Debt						3														(1)							2
	Residential mortgage
		servicing rights					1,063			(339)					105			$	23		(78)							774		(336)
	Commercial mortgage
		servicing rights					526			(64)					9				23		(46)							448		(64)
	Commercial mortgage
		loans held for sale					641			37							(1,454)		1,776		(19)							981		13
	Equity investments
		Direct investments					1,098			66					118		(162)											1,120		63
		Indirect investments																					233	(c)				233
	Loans						340			3					55		(14)				(42)					(25)		317		2
	Other assets
		BlackRock Series C
			Preferred Stock				357			(10)											(138)							209		(10)
		Other					7			2			(2)				(1)											6
			Total other assets				364			(8)			(2)				(1)				(138)							215		(10)
				Total assets		$	8,606		$	(197)	(d)	$	(38)	$	303	$	(1,696)	$	1,822	$	(816)	$	238		$	(34)	$	8,188	$	(268)	(e)
Liabilities
	Financial derivatives (f)					$	473		$	69						$	3			$	(160)						$	385	$	69
	Other borrowed funds						12											$	40		(44)							8
	Other liabilities						10			1									72		(70)							13
				Total liabilities		$	495		$	70	(d)					$	3	$	112	$	(274)						$	406	$	69	(e)

Six Months Ended June 30, 2015
																											Unrealized
								Total realized / unrealized																			gains / losses
							gains or losses for the period (a)																				on assets and
											Included																liabilities held
Level 3 Instruments					Fair Value			Included			in Other										Transfers		Transfers		Fair Value		on Consolidated
	Only				Dec. 31,			in			comprehensive										into		out of		June 30,		Balance Sheet at
In millions					2014			Earnings			income		Purchases		Sales		Issuances		Settlements		Level 3		Level 3		2015		June 30, 2015 (a) (b)
Assets
	Securities available
		for sale
		Residential mortgage-
			backed non-agency		$	4,798		$	55		$	(22)							$	(407)					$	4,424	$	(1)
		Commercial mortgage-
			backed non-agency						8											(8)
		Asset-backed				563			11			9								(52)						531
		State and municipal				134						(1)								(117)						16
		Other debt				30			1				$	3						(1)						33
			Total securities
				available for sale		5,525			75			(14)		3						(585)						5,004		(1)
	Financial derivatives					42			87					1						(94)						36		76
	Residential mortgage
		loans held for sale				6								17	$	(2)				(1)	$	2	$	(12)		10
	Trading securities - Debt					32														(29)						3
	Residential mortgage
		servicing rights				845			68					150			$	38		(86)						1,015		72
	Commercial mortgage
		servicing rights				506			18					28				34		(43)						543		18
	Commercial mortgage
		loans held for sale				893			44							(2,235)		2,091		(36)						757		2
	Equity investments -
		direct investments				1,152			56					138		(155)										1,191		40
	Loans					397			15					55		(8)				(72)		11		(33)		365		9
	Other assets
		BlackRock Series C
			Preferred Stock			375			(12)																	363		(12)
		Other				15										(7)				(1)						7
			Total other assets			390			(12)							(7)				(1)						370		(12)
				Total assets	$	9,788		$	351	(d)	$	(14)	$	392	$	(2,407)	$	2,163	$	(947)	$	13	$	(45)	$	9,294	$	204	(e)
Liabilities
	Financial derivatives (f)				$	526		$	26						$	1			$	(55)					$	498	$	(17)
	Other borrowed funds					181			3								$	46		(65)						165
	Other liabilities					9			1																	10
				Total liabilities	$	716		$	30	(d)					$	1	$	46	$	(120)					$	673	$	(17)	(e)
(a)			Losses for assets are bracketed while losses for liabilities are not.
(b)			The amount of the total gains or losses for the period included in earnings that is attributable to the change in unrealized gains or losses related to those assets and liabilities held at the end of the reporting period.
(c)			Reflects transfers into Level 3 associated with a change in valuation methodology.
(d)			Net losses (realized and unrealized) included in earnings relating to Level 3 assets and liabilities were $98 million for the second quarter of 2016, while for the first six months of 2016 there were $267 million of net losses (realized and unrealized) included in earnings. The comparative amounts included net gains (realized and unrealized) of $267 million for the second quarter of 2015 and net gains (realized and unrealized) of $321 million for the first six months of 2015. These amounts also included amortization and accretion. The amortization and accretion amounts were included in Interest income on the Consolidated Income Statement, and the remaining net gains/(losses) (realized and unrealized) were included in Noninterest income on the Consolidated Income Statement.
(e)			Net unrealized losses relating to those assets and liabilities held at the end of the reporting period were $128 million for the second quarter of 2016, while for the first six months of 2016 there were $337 million of net unrealized losses. The comparative amounts included net unrealized gains of $228 million for the second quarter of 2015 and net unrealized gains of $221 million for the first six months of 2015. These amounts were included in Noninterest income on the Consolidated Income Statement.
(f)			Includes swaps entered into in connection with sales of certain Visa Class B common shares.

An instrument’s categorization within the hierarchy is based on the lowest level of input that is significant to the fair value measurement. Changes from one quarter to the next related to the observability of inputs to a fair value measurement may result in a reclassification (transfer) of assets or liabilities between hierarchy levels. PNC’s policy is to recognize transfers in and transfers out as of the end of the reporting period.

Quantitative information about the significant unobservable inputs within Level 3 recurring assets and liabilities follows.
Table 65: Fair Value Measurements - Recurring Quantitative Information
June 30, 2016
Level 3 Instruments Only
Dollars in millions			Fair Value		Valuation Techniques		Unobservable Inputs		Range (Weighted Average)
	Residential mortgage-backed
		non-agency securities	$	3,557		Priced by a third-party vendor	Constant prepayment rate (CPR)			1.0%-24.2% (7.0%)	(a)
						using a discounted cash flow	Constant default rate (CDR)			0.0%-16.7% (5.4%)	(a)
						pricing model (a)	Loss severity			10.0%-98.5% (53.3%)	(a)
							Spread over the benchmark curve (b)			284bps weighted average	(a)
	Asset-backed securities			436		Priced by a third-party vendor	Constant prepayment rate (CPR)			1.0%-14.0% (6.3%)	(a)
						using a discounted cash flow	Constant default rate (CDR)			1.7%-13.9% (6.5%)	(a)
						pricing model (a)	Loss severity			24.2%-100% (78.1%)	(a)
							Spread over the benchmark curve (b)			394bps weighted average	(a)
	Residential mortgage servicing rights			774		Discounted cash flow	Constant prepayment rate (CPR)			0.0%-45.3% (19.2%)
							Spread over the benchmark curve (b)			252bps-1,828bps (865bps)
	Commercial mortgage servicing			448		Discounted cash flow	Constant prepayment rate (CPR)			6.3%-51.5% (8.2%)
		rights					Discount rate			5.0%-7.6% (7.4%)
	Commercial mortgage loans held			981		Discounted cash flow	Spread over the benchmark curve (b)			59bps-14,570bps (487bps)
		for sale					Estimated servicing cash flows			0.3%-5.6% (1.9%)
	Equity investments - Direct investments			1,120		Multiple of adjusted earnings	Multiple of earnings			4.5x-12.0x (7.4x)
	Equity investments - Indirect investments			233		Consensus pricing (c)	Liquidity discount			0.0%-40.0%
	Loans - Residential real estate			125		Consensus pricing (c)	Cumulative default rate			11.0%-100% (87.7%)
							Loss severity			0.0%-100% (24.7%)
							Discount rate			4.7%-6.7% (5.1%)
				104		Discounted cash flow	Loss severity			8.0% weighted average
							Discount rate			3.7% weighted average
	Loans - Home equity			88		Consensus pricing (c)	Credit and Liquidity discount			0.0%-99.0% (57.0%)
	BlackRock Series C Preferred Stock			209		Consensus pricing (c)	Liquidity discount			20.0%
	BlackRock LTIP			(209)		Consensus pricing (c)	Liquidity discount			20.0%
	Swaps related to sales of certain Visa			(158)		Discounted cash flow	Estimated conversion factor of
		Class B common shares						Class B shares into Class A shares		164.3%
							Estimated growth rate of Visa
								Class A share price		14.0%
	Insignificant Level 3 assets, net of
		liabilities (d)		74
Total Level 3 assets, net of liabilities (e)			$	7,782

December 31, 2015
Level 3 Instruments Only
Dollars in millions			Fair Value		Valuation Techniques		Unobservable Inputs		Range (Weighted Average)
	Residential mortgage-backed
		non-agency securities	$	4,008		Priced by a third-party vendor	Constant prepayment rate (CPR)			1.0%-24.2% (7.0%)	(a)
						using a discounted cash flow	Constant default rate (CDR)			0.0%-16.7% (5.4%)	(a)
						pricing model (a)	Loss severity			10.0%-98.5% (53.3%)	(a)
							Spread over the benchmark curve (b)			241bps weighted average	(a)
	Asset-backed securities			482		Priced by a third-party vendor	Constant prepayment rate (CPR)			1.0%-14.0% (6.3%)	(a)
						using a discounted cash flow	Constant default rate (CDR)			1.7%-13.9% (6.8%)	(a)
						pricing model (a)	Loss severity			24.2%-100.0% (77.5%)	(a)
							Spread over the benchmark curve (b)			324bps weighted average	(a)
	Residential mortgage servicing rights			1,063		Discounted cash flow	Constant prepayment rate (CPR)			0.3%-46.5% (10.6%)
							Spread over the benchmark curve (b)			559bps-1,883bps (893bps)
	Commercial mortgage servicing rights			526		Discounted cash flow	Constant prepayment rate (CPR)			3.9%-26.5% (5.7%)
							Discount rate			2.6%-7.7% (7.5%)
	Commercial mortgage loans held
		for sale		641		Discounted cash flow	Spread over the benchmark curve (b)			85bps-4,270bps (547bps)
							Estimated servicing cash flows			0.0%-7.0% (0.9%)
	Equity investments - Direct investments			1,098		Multiple of adjusted earnings	Multiple of earnings			4.2x-14.1x (7.6x)
	Loans - Residential real estate			123		Consensus pricing (c)	Cumulative default rate			2.0%-100.0% (85.1%)
							Loss severity			0.0%-100.0% (27.3%)
							Discount rate			4.9%-7.0% (5.2%)
				116		Discounted cash flow	Loss severity			8.0% weighted average
							Discount rate			3.9% weighted average
	Loans - Home equity			101		Consensus pricing (c)	Credit and Liquidity discount			26.0%-99.0% (54.0%)
	BlackRock Series C Preferred Stock			357		Consensus pricing (c)	Liquidity discount			20.0%
	BlackRock LTIP			(357)		Consensus pricing (c)	Liquidity discount			20.0%
	Swaps related to sales of certain			(104)		Discounted cash flow	Estimated conversion factor of
		Visa Class B common shares						Class B shares into Class A shares		164.3%
							Estimated growth rate of Visa Class
								A share price		16.3%
	Insignificant Level 3 assets, net of
		liabilities (d)		57
Total Level 3 assets, net of liabilities (e)			$	8,111
(a)		Level 3 residential mortgage-backed non-agency and asset-backed securities with fair values as of June 30, 2016 totaling $3,018 million and $405 million, respectively, were priced by a third-party vendor using a discounted cash flow pricing model that incorporates consensus pricing, where available. The comparable amounts as of December 31, 2015 were $3,379 million and $448 million, respectively. The significant unobservable inputs for these securities were provided by the third-party vendor and are disclosed in the table. Our procedures to validate the prices provided by the third-party vendor related to these securities are discussed further in the Assets and Liabilities Measured at Fair Value on a Recurring Basis section of Note 7 Fair Value in our 2015 Form 10-K. Certain Level 3 residential mortgage-backed non-agency and asset-backed securities with fair values as of June 30, 2016 of $539 million and $31 million, respectively, were valued using a pricing source, such as a dealer quote or comparable security price, for which the significant unobservable inputs used to determine the price were not reasonably available. The comparable amounts as of December 31, 2015 were $629 million and $34 million, respectively.
(b)		The assumed yield spread over the benchmark curve for each instrument is generally intended to incorporate non-interest-rate risks, such as credit and liquidity risks.
(c)		Consensus pricing refers to fair value estimates that are generally internally developed using information such as dealer quotes or other third-party provided valuations or comparable asset prices.
(d)		Represents the aggregate amount of Level 3 assets and liabilities measured at fair value on a recurring basis that are individually and in the aggregate insignificant. The amount includes certain financial derivative assets and liabilities, trading securities, state and municipal securities, other debt securities, residential mortgage loans held for sale, other assets, other borrowed funds (ROAPs) and other liabilities. For additional information, please see the Assets and Liabilities Measured at Fair Value on a Recurring Basis discussion included in Note 7 Fair Value in our 2015 Form 10-K.
(e)		Consisted of total Level 3 assets of $8,188 million and total Level 3 liabilities of $406 million as of June 30, 2016 and $8,606 million and $495 million as of December 31, 2015, respectively.

Financial Assets Accounted for at Fair Value on a Nonrecurring Basis

We may be required to measure certain financial assets at fair value on a nonrecurring basis. These adjustments to fair value usually result from the application of lower of amortized cost or fair value accounting or write-downs of individual assets due to impairment and are included in Table 66 and Table 67. For more information regarding the valuation methodologies of our financial assets measured at fair value on a nonrecurring basis, see Note 7 Fair Value in our 2015 Form 10-K.

Table 66: Fair Value Measurements - Nonrecurring
								Gains (Losses)				Gains (Losses)
				Fair Value (a)				Three months ended				Six months ended
			June 30		December 31		June 30		June 30		June 30		June 30
In millions			2016		2015		2016		2015		2016		2015
Assets
	Nonaccrual loans		$	184	$	30	$	(51)	$	(15)	$	(58)	$	(15)
	OREO and foreclosed assets			103		137		(6)		(12)		(12)		(18)
	Insignificant assets (b)			7		28		(1)		(5)		(4)		(13)
		Total assets	$	294	$	195	$	(58)	$	(32)	$	(74)	$	(46)
(a)		All Level 3 as of June 30, 2016 and December 31, 2015.
(b)		Represents the aggregate amount of assets measured at fair value on a nonrecurring basis that are individually and in the aggregate insignificant. The amount includes certain equity investments and long-lived assets held for sale.

Quantitative information about the significant unobservable inputs within Level 3 nonrecurring assets follows.
Table 67: Fair Value Measurements - Nonrecurring Quantitative Information
Level 3 Instruments Only
Dollars in millions			Fair Value		Valuation Techniques		Unobservable Inputs	Range (Weighted Average)
June 30, 2016
Assets
	Nonaccrual loans		$	82		LGD percentage (a)	Loss severity		3.2%-70.1% (32.2%)
				102		Fair value of property or collateral	Appraised value/sales price		Not meaningful
	OREO and foreclosed assets			103		Fair value of property or collateral	Appraised value/sales price		Not meaningful
	Insignificant assets			7
		Total assets	$	294
December 31, 2015
Assets
	Nonaccrual loans		$	20		LGD percentage (a)	Loss severity		8.1%-73.3% (58.6%)
				10		Fair value of property or collateral	Appraised value/sales price		Not meaningful
	OREO and foreclosed assets			137		Fair value of property or collateral	Appraised value/sales price		Not meaningful
	Insignificant assets			28
		Total assets	$	195
(a)	LGD percentage represents the amount that PNC expects to lose in the event a borrower defaults on an obligation.

Financial Instruments Accounted For Under Fair Value Option

We elect the fair value option to account for certain financial instruments. For more information on these financial instruments for which the fair value option election has been made, please refer to Note 7 Fair Value in our 2015 Form 10-K.

Table 68: Fair Value Option - Changes in Fair Value (a)
			Gains (Losses)				Gains (Losses)
			Three months ended				Six months ended
			June 30		June 30		June 30		June 30
In millions			2016		2015		2016		2015
Assets
	Commercial mortgage loans held for sale		$	22	$	31	$	49	$	56
	Residential mortgage loans held for sale		$	59	$	25	$	106	$	71
	Residential mortgage loans – portfolio		$	11	$	13	$	17	$	29
	BlackRock Series C Preferred Stock		$	1	$	(21)	$	(10)	$	(12)
	Other assets		$	(4)	$	1	$	(20)	$	2
Liabilities
	Other borrowed funds				$	(2)			$	(2)
(a)		The impact on earnings of offsetting hedged items or hedging instruments is not reflected in these amounts.

Fair values and aggregate unpaid principal balances of items for which we elected the fair value option follow.
Table 69: Fair Value Option - Fair Value and Principal Balances
							Aggregate Unpaid
In millions				Fair Value			Principal Balance		Difference
June 30, 2016
Assets
	Customer resale agreements				$	137	$	133	$	4
	Residential mortgage loans held for sale
		Performing loans				1,104		1,052		52
		Accruing loans 90 days or more past due				3		3
		Nonaccrual loans				9		9
			Total			1,116		1,064		52
	Commercial mortgage loans held for sale (a)
		Performing loans				978		980		(2)
		Nonaccrual loans				3		5		(2)
			Total			981		985		(4)
	Residential mortgage loans - portfolio
		Performing loans				234		282		(48)
		Accruing loans 90 days or more past due				402		402
		Nonaccrual loans				215		349		(134)
			Total			851		1,033		(182)
	Other assets					140		148		(8)
Liabilities
	Other borrowed funds				$	70	$	71	$	(1)
December 31, 2015
Assets
	Customer resale agreements				$	137	$	133	$	4
	Residential mortgage loans held for sale
		Performing loans				832		804		28
		Accruing loans 90 days or more past due				4		4
		Nonaccrual loans				7		8		(1)
			Total			843		816		27
	Commercial mortgage loans held for sale (a)
		Performing loans				639		659		(20)
		Nonaccrual loans				2		3		(1)
			Total			641		662		(21)
	Residential mortgage loans - portfolio
		Performing loans				204		260		(56)
		Accruing loans 90 days or more past due				475		478		(3)
		Nonaccrual loans				226		361		(135)
		Total				905		1,099		(194)
	Other assets					164		159		5
Liabilities
	Other borrowed funds				$	93	$	95	$	(2)
(a)	There were no accruing loans 90 days or more past due within this category at June 30, 2016 or December 31, 2015.

Additional Fair Value Information Related to Other Financial Instruments

The following table presents the carrying amounts and estimated fair values, including the level within the fair value hierarchy, of all other financial instruments that are not measured on the consolidated financial statements at fair value as of June 30,2016 and December 31, 2015.

Table 70: Additional Fair Value Information Related to Other Financial Instruments
		Carrying		Fair Value
In millions		Amount			Total		Level 1		Level 2		Level 3
June 30, 2016
Assets
Cash and due from banks		$	4,196	$	4,196	$	4,196
Short-term assets			29,532		29,532			$	29,532
Securities held to maturity			14,917		15,480		331		15,143	$	6
Loans held for sale			199		200				159		41
Net loans (excludes leases)			197,887		201,083						201,083
Other assets			1,711		2,139				1,709		430	(a)
	Total assets	$	248,442	$	252,630	$	4,527	$	46,543	$	201,560
Liabilities
Demand, savings and money market deposits		$	230,727	$	230,727			$	230,727
Time deposits			19,051		19,180				19,180
Borrowed funds			53,736		54,584				53,138	$	1,446
Unfunded loan commitments and letters of credit			286		286						286
Other liabilities			47		47				47
	Total liabilities	$	303,847	$	304,824			$	303,092	$	1,732
December 31, 2015
Assets
Cash and due from banks		$	4,065	$	4,065	$	4,065
Short-term assets			32,959		32,959			$	32,959
Securities held to maturity			14,768		15,002		298		14,698	$	6
Loans held for sale			56		56				22		34
Net loans (excludes leases)			195,579		197,611						197,611
Other assets			1,817		2,408				1,786		622	(a)
	Total assets	$	249,244	$	252,101	$	4,363	$	49,465	$	198,273
Liabilities
Demand, savings and money market deposits		$	228,492	$	228,492			$	228,492
Time deposits			20,510		20,471				20,471
Borrowed funds			53,761		54,002				52,578	$	1,424
Unfunded loan commitments and letters of credit			245		245						245
	Total liabilities	$	303,008	$	303,210			$	301,541	$	1,669
(a)	Represents estimated fair value of Visa Class B common shares, which was estimated solely based upon the June 30, 2016 and December 31, 2015 closing price for the Visa Class A common shares, respectively, and the Visa Class B common share conversion rate, which reflects adjustments in respect of all litigation funding by Visa as of that date. The transfer restrictions on the Visa Class B common shares could impact the aforementioned estimate, until they can be converted to Class A common shares. See Note 21 Commitments and Guarantees in our 2015 Form 10-K for additional information.

The aggregate fair values in the preceding table represent only a portion of thetotal market value of PNC’s assets and liabilities as, in accordance with the guidance related to fair values of financial instruments, Table 70excludes the following:

• financial instruments recorded at fair value on a recurring basis,
• real and personal property,
• lease financing,
• loan customer relationships,
• deposit customer intangibles,
• mortgage servicing rights,
• retail branch networks,
• fee-based businesses, such as asset management and brokerage, and
• trademarks and brand names.

For more information regarding the methods and assumptions used to estimate the fair values of financial instruments included in Table 70, see Note 7 Fair Value in our 2015 Form 10-K.

XML

Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2016

Goodwill and Other Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Note 7 Goodwill and Intangible Assets

Goodwill

See Note 8 Goodwill andIntangible Assets of our 2015 Form 10-K for more information regarding our goodwill.

Mortgage Servicing Rights

We recognize the right to service mortgage loans for others as an intangible asset. MSRs are purchased or originated when loans are sold with servicing retained. MSRs totaled $1.2billion and $1.6 billion at June 30,2016and December 31, 2015, respectively, and consisted of loan servicing contracts for commercial and residential mortgages measured at fair value.

MSRs are subject to declines in value from actual or expected prepayment of the underlying loans and defaults as well as market driven changes in interest rates. We manage this risk by economically hedging the fair value of MSRs with securities and derivative instruments which are expected to increase (or decrease) in value when the value of MSRs decreases (or increases).

See the Sensitivity Analysis section of this Note 7, as well as Note 6 Fair Value for more detail on our fair value measurement of MSRs. Refer to Note 8 Goodwill and Intangible Assets in our 2015 Form 10-K for more information on our accounting and measurement of MSRs.

Changes in the commercial and residential MSRs follow:
Table 71: Mortgage Servicing Rights
			Commercial MSRs				Residential MSRs
In millions			2016		2015		2016		2015
January 1		$	526	$	506	$	1,063	$	845
Additions:
	From loans sold with servicing retained		23		34		23		38
	Purchases		9		28		105		150
Changes in fair value due to:
	Time and payoffs (a)		(46)		(43)		(78)		(86)
	Other (b)		(64)		18		(339)		68
June 30		$	448	$	543	$	774	$	1,015
Related unpaid principal balance at June 30		$	142,968	$	144,416	$	126,172	$	115,454
Servicing advances at June 30		$	244	$	271	$	335	$	463
(a)	Represents decrease in MSR value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period.
(b)	Represents MSR value changes resulting primarily from market-driven changes in interest rates.

Sensitivity Analysis

The fair value of commercial and residential MSRs and significant inputs to the valuation models as of June 30,2016 are shown in the tables below. The expected and actual rates of mortgage loan prepayments are significant factors driving the fair value. Management uses both internal proprietary models and a third-party model to estimate future commercial mortgage loan prepayments and a third-party model to estimate future residential mortgage loan prepayments. These modelshave been refined based on current market conditions and management judgment. Future interest rates are another important factor in the valuation of MSRs. Management utilizes market implied forward interest rates to estimate the future direction of mortgage and discount rates. The forward rates utilized are derived from the current yield curve for U.S. dollar interest rate swaps and are consistent with pricing of capital markets instruments. Changes in the shape and slope of the forward curve in future periods may result in volatility in the fair value estimate.

A sensitivity analysis of the hypothetical effect on the fair value of MSRs to adverse changes in key assumptions is presented below. These sensitivities do not include the impact of the related hedging activities. Changes in fair value generally cannot be extrapolated because the relationship of the change in the assumption to the change in fair value may not be linear. Also, the effect of a variation in a particular assumption on the fair value of the MSRs is calculated independently without changing any other assumption. In reality, changes in one factor may result in changes in another (for example, changes in mortgage interest rates, which drive changes in prepayment rate estimates, could result in changes in the interest rate spread), which could either magnify or counteract the sensitivities.

The following tables set forth the fair value of commercial and residential MSRs and the sensitivity analysis of the hypothetical effect on the fair value of MSRs to immediate adverse changes of 10% and 20% in those assumptions:
Table 72: Commercial Mortgage Loan Servicing Rights - Key Valuation Assumptions
		June 30			December 31
Dollars in millions		2016			2015
Fair value		$	448		$	526
Weighted-average life (years)			4.5			4.7
Weighted-average constant prepayment rate			8.19	%		5.71	%
	Decline in fair value from 10% adverse change	$	10		$	10
	Decline in fair value from 20% adverse change	$	19		$	19
Effective discount rate			7.44	%		7.49	%
	Decline in fair value from 10% adverse change	$	12		$	14
	Decline in fair value from 20% adverse change	$	24		$	29

Table 73: Residential Mortgage Loan Servicing Rights - Key Valuation Assumptions
		June 30			December 31
Dollars in millions		2016			2015
Fair value		$	774		$	1,063
Weighted-average life (years)			4.1			6.3
Weighted-average constant prepayment rate			19.19	%		10.61	%
	Decline in fair value from 10% adverse change	$	50		$	44
	Decline in fair value from 20% adverse change	$	95		$	85
Weighted-average option adjusted spread			865	bps		893	bps
	Decline in fair value from 10% adverse change	$	23		$	34
	Decline in fair value from 20% adverse change	$	44		$	67

Fees from mortgage loan servicing, which includes contractually specified servicing fees, late fees and ancillary fees were $.1 billion for both the three months ended June 30,2016and 2015and $.3billion and $.2 billion for the six months endedJune 30,2016and 2015, respectively. We also generate servicing fees from fee-based activities provided to others for which we do not have an associated servicing asset. Fees from commercial and residential MSRs are reported on our Consolidated Income Statement in the line items Corporate services and Residential mortgage, respectively.

Other Intangible Assets

Other intangible assets consist primarily of core deposit intangibles, customer lists and non-compete agreements. See Note 8 Goodwill and

Intangible Assets of our 2015 Form 10-K for more information regarding our other intangible assets.

XML

Employee Benefit Plans

6 Months Ended

Jun. 30, 2016

Employee Benefit Plans [Abstract]

Employee Benefit Plans

Note 8 Employee Benefit Plans

Pension And Postretirement Plans

As described in Note 12 Employee Benefit Plans in our 2015Form 10-K, we have a noncontributory, qualified defined benefit pension plan covering eligible employees. Benefits are determined using a cash balance formula where earnings credits are a percentage of eligible compensation. Any pension contributions to the plan are based on an actuarially determined amount necessary to fund total benefits payable to plan participants.

We also maintain nonqualified supplemental retirement plans for certain employees and provide certain health care and life insurance benefits for qualifying retired employees (postretirement benefits) through various plans. PNC reserves the right to terminate or make changes to these plans at any time. The nonqualified pension is unfunded.

The components of our net periodic pension and postretirement benefit cost for the three andsix months endedJune 30, 2016 and 2015, respectively, were as follows:

Table 74: Net Periodic Pension and Postretirement Benefit Costs
	Qualified Pension Plan				Nonqualified Retirement Plans					Postretirement Benefits
Three months ended June 30
In millions	2016		2015			2016		2015			2016		2015
Net periodic costconsists of:
Service cost	$	25	$	26		$	1	$	1		$	2	$	2
Interest cost		47		45			3		3			3		3
Expected return on plan assets		(71)		(74)								(1)
Amortization of prior service credit		(1)		(2)								(1)
Amortization of actuarial losses		11		8			1		1
Net periodic cost/(benefit)	$	11	$	3		$	5	$	5		$	3	$	5
	Qualified Pension Plan				Nonqualified Retirement Plans					Postretirement Benefits
Six months ended June 30
In millions	2016		2015			2016		2015			2016		2015
Net periodic costconsists of:
Service cost	$	51	$	53		$	1	$	1		$	3	$	3
Interest cost		93		89			6		6			7		7
Expected return on plan assets		(141)		(148)								(2)
Amortization of prior service credit		(3)		(4)								(1)
Amortization of actuarial losses		22		15			2		3
Net periodic cost/(benefit)	$	22	$	5		$	9	$	10		$	7	$	10

XML

Financial Derivatives

6 Months Ended

Jun. 30, 2016

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Financial Derivatives

Note9Financial Derivatives

We use derivative financial instruments (derivatives) primarily to help manage exposure to interest rate, market and credit risk and reduce the effects that changes in interest rates may have on net income, the fair value of assets and liabilities, and cash flows. We also enter into derivatives with customers to facilitate their risk management activities. Derivatives represent contracts between parties that usually require little or no initial net investment and result in one party delivering cash or another type of asset to the other party based on a notional amount and an underlying as specified in the contract.

For more information regarding derivatives see Note 1 Accounting Policies and Note 14 Financial Derivatives in our Notes To Consolidated Financial Statements under Item 8 of our 2015 Form 10-K.

The following table presents the notional amounts and gross fair values of all derivative assets and liabilities held by PNC:

Table 75: Total Gross Derivatives
			June 30, 2016						December 31, 2015
			Notional/		Asset		Liability		Notional/		Asset		Liability
			Contract		Fair		Fair		Contract		Fair		Fair
In millions			Amount		Value (a)		Value (b)		Amount		Value (a)		Value (b)
Derivatives designated as hedging instruments under GAAP		$	53,982	$	2,011	$	351	$	52,074	$	1,159	$	174
Derivatives not designated as hedging instruments under GAAP			302,743		6,216		5,717		295,902		3,782		3,628
Total gross derivatives		$	356,725	$	8,227	$	6,068	$	347,976	$	4,941	$	3,802
(a)	Included in Other assets on our Consolidated Balance Sheet.
(b)	Included in Other liabilities on our Consolidated Balance Sheet.

All derivatives are carried on our Consolidated Balance Sheet at fair value. Derivative balances are presented on the Consolidated Balance Sheet on a net basis taking into consideration the effects of legally enforceable master netting agreements and, when appropriate, any related cash collateral exchanged with counterparties. Further discussion regarding the offsetting rights associated with these legally enforceable master netting agreements is included in the Offsetting, Counterparty Credit Risk, and Contingent Features section below. Any nonperformance risk, including credit risk, is included in the determination of the estimated net fair value of the derivatives.

Derivatives Designated As Hedging Instruments under GAAP

Certain derivatives used to manage interest rate and foreign exchange risk as part of our asset and liability risk management activities are designated as accounting hedges under GAAP. Derivatives hedging the risks associated with changes in the fair value of assets or liabilities are considered fair value hedges, derivatives hedging the variability of expected future cash flows are considered cash flow hedges, and derivatives hedging a net investment in a foreign subsidiary are considered net investment hedges. Designating derivatives as accounting hedges allows for gains and losses on those derivatives, to the extent effective, to be recognized in the income statement in the same period the hedged items affect earnings.

Further detail regarding the notional amounts and fair values related to derivatives designated in hedge relationships is presented in the following table:
Table 76: Derivatives Designated As Hedging Instruments under GAAP
					June 30, 2016						December 31, 2015
				Notional/		Asset		Liability		Notional/		Asset		Liability
				Contract		Fair		Fair		Contract		Fair		Fair
In millions				Amount		Value (a)		Value (b)		Amount		Value (a)		Value (b)
	Interest rate contracts:
		Fair value hedges:
			Receive-fixed swaps	$	27,692	$	1,234			$	25,756	$	699	$	18
			Pay-fixed swaps (c)		5,502			$	351		5,934		13		153
			Subtotal		33,194		1,234		351		31,690		712		171
		Cash flow hedges:
			Receive-fixed swaps		16,871		604				17,879		412		2
			Forward purchase commitments		2,900		34				1,400		4		1
			Subtotal		19,771		638				19,279		416		3
	Foreign exchange contracts:
		Net investment hedges			1,017		139				1,105		31
Total derivatives designated as hedging instruments				$	53,982	$	2,011	$	351	$	52,074	$	1,159	$	174
(a)		Included in Other assets on our Consolidated Balance Sheet.
(b)		Included in Other liabilities on our Consolidated Balance Sheet.
(c)		Includes zero-coupon swaps.

Fair Value Hedges

We enter into receive-fixed, pay-variable interest rate swaps to hedge changes in the fair value of outstanding fixed-rate debt caused by fluctuations in market interest rates. We also enter into pay-fixed, receive-variable interest rate swaps and zero-coupon swaps to hedge changes in the fair value of fixed rate and zero-coupon investment securities caused by fluctuations in market interest rates. For these hedge relationships, we use statistical regression analysis to assess hedge effectiveness at both the inception of the hedge relationship and on an ongoing basis. There were no components of derivative gains or losses excluded from the assessment of hedge effectiveness.

Further detail regarding gains (losses) on fair value hedge derivatives and related hedged items is presented in the following table:

Table 77: Gains (Losses) on Derivatives and Related Hedged Items - Fair Value Hedges (a)

Three months ended

Six months ended

June 30, 2016

June 30, 2015

June 30, 2016

June 30, 2015

Gain (Loss)

Gain (Loss)

Gain (Loss)

Gain (Loss)

Gain

on Related

Gain

on Related

Gain

on Related

Gain

on Related

(Loss) on

Hedged

(Loss) on

Hedged

(Loss) on

Hedged

(Loss) on

Hedged

Derivatives

Items

Derivatives

Items

Derivatives

Items

Derivatives

Items

Recognized

Recognized

Recognized

Recognized

Recognized

Recognized

Recognized

Recognized

In millions

Hedged Items

Location

in Income

in Income

in Income

in Income

in Income

in Income

in Income

in Income

Interest rate contracts

U.S. Treasury and Government Agencies and Other Debt Securities

Investment securities (interest income)

$

(55)

$

56

$

64

$

(66)

$

(209)

$

214

$

12

$

(12)

Interest rate contracts

Subordinated Debt and Bank Notes and Senior Debt

Borrowed funds (interest expense)

155

(168)

(264)

259

562

(600)

(107)

87

Total (a)

$

100

$

(112)

$

(200)

$

193

$

353

$

(386)

$

(95)

$

75

(a)

The difference between the gains (losses) recognized in income on derivatives and their related hedged items represents the ineffective portion of the change in value of our fair value hedge derivatives.

Cash Flow Hedges

We enter into receive-fixed, pay-variable interest rate swaps to modify the interest rate characteristics of designated commercial loans from variable to fixed in order to reduce the impact of changes in future cash flows due to market interest rate changes. For these cash flow hedges, any changes in the fair value of the derivatives that are effective in offsetting changes in the forecasted interest cash flows are recorded in Accumulated other comprehensive income and are reclassified to interest income in conjunction with the recognition of interest received on the loans. In the 12 months that follow June 30,2016, we expect to reclassify from the amount currently reported in Accumulated other comprehensive income, net derivative gains of $216 million pretax, or $140 million after-tax, in association with interest received on the hedged loans. This amount could differ from amounts actually recognized due to changes in interest rates, hedge de-designations, and the addition of other hedges subsequent to June 30,2016. The maximum length of time over which forecasted loan cash flows are hedged is 6 years. We use statistical regression analysis to assess the effectiveness of these hedge relationships at both the inception of the hedge relationship and on an ongoing basis.

We also periodically enter into forward purchase and sale contracts to hedge the variability of the consideration that will be paid or received related to the purchase or sale of investment securities. The forecasted purchase or sale is consummated upon gross settlement of the forward contract itself. As a result, hedge ineffectiveness, if any, is typically minimal. Gains and losses on these forward contracts are recorded in Accumulated other comprehensive income and are recognized in earnings when the hedged cash flows affect earnings. In the 12 months that follow June 30,2016, we expect to reclassify from the amount currently reported in Accumulated other comprehensive income, net derivative gains of $65 million pretax, or $42 million after-tax, as adjustments of yield on investment securities. As of June 30,2016, the maximum length of time over which forecasted purchase contracts are hedged is 3 months.

There were no components of derivative gains or losses excluded from the assessment of hedge effectiveness related to either cash flow hedge strategy.

During the first six months of2016 and 2015, there were no gains or losses from cash flow hedge derivatives reclassified to earnings because it became probable that the original forecasted transaction would not occur.

Further detail regarding gains (losses) on derivatives and related cash flows is presented in the following table:
Table 78: Gains (Losses) on Derivatives and Related Cash Flows - Cash Flow Hedges (a) (b)
			Three months ended				Six months ended
				June 30				June 30
In millions				2016		2015		2016		2015
Gains (losses) on derivatives recognized in OCI - (effective portion)			$	126	$	(102)	$	391	$	196
Less: Gains (losses) reclassified from accumulated OCI into income - (effective portion)
	Interest income			64		72		129		140
	Noninterest income			(1)		(4)		(1)		(13)
Total gains (losses) reclassified from accumulated OCI into income - (effective portion)			$	63	$	68	$	128	$	127
Net unrealized gains (losses) on cash flow hedge derivatives			$	63	$	(170)	$	263	$	69
(a)		All cash flow hedge derivatives are interest rate contracts as of June 30, 2016 and June 30, 2015.
(b)		The amount of cash flow hedge ineffectiveness recognized in income was not significant for the periods presented.

Net Investment Hedges

We enter into foreign currency forward contracts to hedge non-U.S. Dollar (USD) net investments in foreign subsidiaries against adverse changes in foreign exchange rates. We assess whether the hedging relationship is highly effective in achieving offsetting changes in the value of the hedge and hedged item by qualitatively verifying that the critical terms of the hedge and hedged item match at the inception of the hedging relationship and on an ongoing basis. Net investment hedge derivatives are classified as foreign exchange contracts. There were no components of derivative gains or losses excluded from the assessment of the hedge effectiveness. During the first six months of2016 and 2015, there was no net investment hedge ineffectiveness. Gains (losses) on net investment hedge derivatives recognized in OCI was net gains of $80 million for the three months ended June 30,2016and net gains of $109 million for the six months endedJune 30,2016 compared with net losses of $65million for the three months endedJune 30,2015 and net losses of$11 million for the six months endedJune 30,2015.

Derivatives Not Designated As Hedging Instruments under GAAP

We also enter into derivatives that are not designated as accounting hedges under GAAP.

For additional information on derivatives not designated as hedging instruments under GAAP see Note 14 Financial Derivatives in our 2015 Form 10-K.

Further detail regarding the notional amounts and fair values related to derivatives not designated in hedge relationships is presented in the following table:
Table 79: Derivatives Not Designated As Hedging Instruments under GAAP
					June 30, 2016						December 31, 2015
In millions				Notional / Contract Amount		Asset Fair Value (a)		Liability Fair Value (b)		Notional / Contract Amount		Asset Fair Value (a)		Liability Fair Value (b)
Derivatives used for residential mortgage banking activities:
Residential mortgage servicing
	Interest rate contracts:
		Swaps		$	37,741	$	1,514	$	1,003	$	37,505	$	758	$	416
		Swaptions			584		17		7		650		27		14
		Futures (c)			12,935						17,653
		Futures options			14,000				3		6,000				1
		Mortgage-backed securities commitments			3,765		36		3		3,920		4		8
			Subtotal		69,025		1,567		1,016		65,728		789		439
Loan sales
	Interest rate contracts:
		Futures (c)			15						20
		Bond options			150						200		2
		Mortgage-backed securities commitments			5,680		17		37		6,363		16		8
		Residential mortgage loan commitments			2,188		30				1,580		16
			Subtotal		8,033		47		37		8,163		34		8
			Subtotal	$	77,058	$	1,614	$	1,053	$	73,891	$	823	$	447
Derivatives used for commercial mortgage banking activities:
	Interest rate contracts:
		Swaps		$	4,186	$	156	$	73	$	3,945	$	77	$	46
		Swaptions									439
		Futures (c)			4,449						18,454
		Commercial mortgage loan commitments			1,878		15		8		1,176		11		6
			Subtotal		10,513		171		81		24,014		88		52
	Credit contracts				44						77
			Subtotal	$	10,557	$	171	$	81	$	24,091	$	88	$	52
Derivatives used for customer-related activities:
	Interest rate contracts:
		Swaps		$	169,547	$	3,936	$	3,952	$	157,041	$	2,507	$	2,433
		Caps/floors - Sold			5,169				6		5,337				11
		Caps/floors - Purchased			6,635		21				6,383		18
		Swaptions			5,154		185		13		4,363		86		13
		Futures (c)			2,204						1,673
		Futures options			292		5		5
		Mortgage-backed securities commitments			2,375		5		8		1,910		5		2
			Subtotal		191,376		4,152		3,984		176,707		2,616		2,459
	Foreign exchange contracts				11,734		192		202		10,888		194		198
	Credit contracts				6,284		4		7		5,026		2		4
			Subtotal	$	209,394	$	4,348	$	4,193	$	192,621	$	2,812	$	2,661
Derivatives used for other risk management activities:
	Foreign exchange contracts			$	3,158	$	83	$	23	$	2,742	$	59	$	6
	Other contracts (d)				2,576				367		2,557				462
			Subtotal	$	5,734	$	83	$	390	$	5,299	$	59	$	468
Total derivatives not designated as hedging instruments				$	302,743	$	6,216	$	5,717	$	295,902	$	3,782	$	3,628
(a)		Included in Other assets on our Consolidated Balance Sheet.
(b)		Included in Other liabilities on our Consolidated Balance Sheet.
(c)		Futures contracts settle in cash daily and, therefore, no derivative asset or derivative liability is recognized on our Consolidated Balance Sheet.
(d)		Includes PNC's obligation to fund a portion of certain BlackRock LTIP programs and the swaps entered into in connection with sales of a portion of Visa Class B common shares.

Further detail regarding the gains (losses) on derivatives not designated in hedging relationships is presented in the following table:
Table 80: Gains (Losses) on Derivatives Not Designated As Hedging Instruments under GAAP
			Three months ended				Six months ended
			June 30				June 30
In millions				2016		2015		2016		2015
Derivatives used for residential mortgage banking activities:
Residential mortgage servicing
	Interest rate contracts		$	141	$	(83)	$	336	$	15
Loan sales
	Interest rate contracts			4		47		(3)		68
		Gains (losses) included in residential mortgage banking activities (a)	$	145	$	(36)	$	333	$	83
Derivatives used for commercial mortgage banking activities:
	Interest rate contracts (b) (c)		$	27	$	(25)	$	80	$	5
	Credit contracts (c)					1
		Gains (losses) from commercial mortgage banking activities	$	27	$	(24)	$	80	$	5
Derivatives used for customer-related activities:
	Interest rate contracts		$	1	$	30	$	(3)	$	34
	Foreign exchange contracts			17		32		46		33
		Gains (losses) from customer-related activities (c)	$	18	$	62	$	43	$	67
Derivatives used for other risk management activities:
	Interest rate contracts				$	1			$	1
	Foreign exchange contracts		$	66		(69)	$	(29)		114
	Other contracts (d)			(62)		14		(66)		7
		Gains (losses) from other risk management activities (c)	$	4	$	(54)	$	(95)	$	122
Total gains (losses) from derivatives not designated as hedging instruments			$	194	$	(52)	$	361	$	277
(a)		Included in Residential mortgage noninterest income.
(b)		Included in Corporate services noninterest income.
(c)		Included in Other noninterest income.
(d)		Includes BlackRock LTIP funding obligation and the swaps entered into in connection with sales of a portion of Visa Class B common shares.

Credit Derivatives - Risk Participation Agreements

We have entered into risk participation agreements to share some of the credit exposure with other counterparties related to interest rate derivative contracts or to take on credit exposure to generate revenue. The notional amount of risk participation agreements sold was $3.7 billion at June 30, 2016 and $2.5 billion at December 31, 2015.Assuming all underlying third party customers referenced in the swap contracts defaulted at June 30,2016, the exposure from these agreements would be $202 million based on the fair value of the underlying swaps, compared with $122 million at December 31, 2015.

Offsetting, Counterparty Credit Risk, and Contingent Features

We, generally, utilize a net presentation on the Consolidated Balance Sheet for those derivative financial instruments entered into with counterparties under legally enforceable master netting agreements. The master netting agreements reduce credit risk by permitting the closeout netting of all outstanding derivative instruments under the master netting agreement with the same counterparty upon the occurrence of an event of default. The master netting agreement also may require the exchange of cash or marketable securities to collateralize either party’s net position.

For additional information on derivative offsetting, counterparty credit risk, and contingent features see Note 14 Financial Derivatives in our 2015 Form 10-K. Refer to Note 13Commitments and Guarantees in this Report for additional information related to resale and repurchase agreements offsetting.

The following derivative Table 81shows the impact legally enforceable master netting agreements had on our derivative assets and derivative liabilities as of June 30,2016 and December 31, 2015. The table includes cash collateral held or pledged under legally enforceable master netting agreements. The table also includes the fair value of any securities collateral held or pledged under legally enforceable master netting agreements. Cash and securities collateral amounts are included in the table only to the extent of the related net derivative fair values.

Table 81: Derivative Assets and Liabilities Offsetting
			Gross Fair Value		Amounts Offset on the Consolidated Balance Sheet				Net Fair Value			Securities Collateral Held / (Pledged)		Net Amounts
June 30, 2016					Fair Value Offset Amount		Cash Collateral					Under Master Netting Agreements
In millions
Derivative assets
	Interest rate contracts:
		Cleared	$	2,446	$	2,066	$	283	$	97				$	97
		Over-the-counter		5,362		2,068		595		2,699		$	411		2,288
	Foreign exchange contracts			415		209		27		179			4		175
	Credit contracts			4		2		1		1					1
		Total derivative assets	$	8,227	$	4,345	$	906	$	2,976	(a)	$	415	$	2,561
Derivative liabilities
	Interest rate contracts:
		Cleared	$	2,523	$	2,065	$	410	$	48				$	48
		Exchange-traded		3						3					3
		Over-the-counter		2,943		2,155		701		87					87
	Foreign exchange contracts			224		119		27		78					78
	Credit contracts			8		6		2
	Other contracts			367						367					367
		Total derivative liabilities	$	6,068	$	4,345	$	1,140	$	583	(b)			$	583
December 31, 2015
In millions
Derivative assets
	Interest rate contracts:
		Cleared	$	1,003	$	779	$	195	$	29				$	29
		Over-the-counter		3,652		1,645		342		1,665		$	178		1,487
	Foreign exchange contracts			284		129		13		142			2		140
	Credit contracts			2		1		1
		Total derivative assets	$	4,941	$	2,554	$	551	$	1,836	(a)	$	180	$	1,656
Derivative liabilities
	Interest rate contracts:
		Cleared	$	855	$	779	$	57	$	19				$	19
		Exchange-traded		1						1					1
		Over-the-counter		2,276		1,687		530		59					59
	Foreign exchange contracts			204		85		20		99					99
	Credit contracts			4		3		1
	Other contracts			462						462					462
		Total derivative liabilities	$	3,802	$	2,554	$	608	$	640	(b)			$	640
(a)		Represents the net amount of derivative assets included in Other assets on our Consolidated Balance Sheet.
(b)		Represents the net amount of derivative liabilities included in Other liabilities on our Consolidated Balance Sheet.

The table above includes over-the-counter (OTC) derivatives, cleared derivatives, and exchange-traded derivatives. OTC derivatives represent contracts executed bilaterally with counterparties that are not settled through an organized exchange or cleared through a central clearing house. The majority of OTC derivatives are governed by ISDA documentation or other legally enforceable industry standard master netting agreements. Cleared derivatives represent contracts executed bilaterally with counterparties in the OTC market that are novated to a central clearing house who then becomes our counterparty. Exchange-traded derivatives represent standardized futures and options contracts executed directly on an organized exchange.

In addition to using master netting agreements and other collateral agreements to reduce credit risk associated with derivative instruments, we also seek to manage credit risk by evaluating credit ratings of counterparties and by using internal credit analysis, limits, and monitoring procedures.

At June 30,2016, we held cash, U.S. government securities and mortgage-backed securities totaling $1.4 billion under master netting agreements and other collateral agreements to collateralize net derivative assets due from counterparties, and we pledged cash totaling $1.7 billionunder these agreements to collateralize net derivative liabilities owed to counterpartiesand to meet initial margin requirements. These totals may differ from the amounts presented in the preceding offsetting table because these totals may include collateral exchanged under an agreement that does not qualify as a master netting agreement or because the total amount of collateral held or pledged exceeds the net derivative fair values with the counterparty as of the balance sheet date due to timing or other factors, such as initial margin. To the extent not netted against the derivative fair values under a master netting agreement, the receivable for cash pledged is included in Other assets and the obligation for cash held is included in Other liabilities on our Consolidated Balance Sheet. Securities held from counterparties are not recognized on our balance sheet. Likewise securities we have pledged to counterparties remain on our balance sheet.

Certain derivative agreements contain various credit-risk related contingent provisions, such as those that require PNC’s debt to maintain a specified credit rating from one or more of the major credit rating agencies. If PNC’s debt ratings were to fall below such specified ratings, the counterparties to the derivative instruments could request immediate payment or demand immediate and ongoing full collateralization on derivative instruments in net liability positions. The aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a net liability position on June 30,2016was $1.3 billion for which PNC had posted collateral of $1.2 billion in the normal course of business. The maximum additional amount of collateral PNC would have been required to post if the credit-risk-related contingent features underlying these agreements had been triggered on June 30,2016 would be $.1 billion.

XML

Earnings per Share

6 Months Ended

Jun. 30, 2016

Earnings per Share

Earnings per Share

NOTE 10 EARNINGS PER SHARE
Table 82: Basic and Diluted Earnings per Common Share
				Three months ended				Six months ended
				June 30				June 30
In millions, except per share data				2016		2015		2016		2015
Basic
	Net income		$	989	$	1,044	$	1,932	$	2,048
	Less:
		Net income (loss) attributable to noncontrolling interests		23		4		42		5
		Preferred stock dividends and discount accretion and redemptions		43		48		108		118
	Net income attributable to common shares			923		992		1,782		1,925
	Less:
		Dividends and undistributed earnings allocated to participating securities		6				12		2
	Net income attributable to basic common shares		$	917	$	992	$	1,770	$	1,923
	Basic weighted-average common shares outstanding			497		517		499		519
	Basic earnings per common share (a)		$	1.84	$	1.92	$	3.54	$	3.71
Diluted
	Net income attributable to basic common shares		$	917	$	992	$	1,770	$	1,923
		Less: Impact of BlackRock earnings per share dilution		3		5		6		10
	Net income attributable to diluted common shares		$	914	$	987	$	1,764	$	1,913
	Basic weighted-average common shares outstanding			497		517		499		519
	Dilutive potential common shares			6		8		6		8
	Diluted weighted-average common shares outstanding			503		525		505		527
	Diluted earnings per common share (a)		$	1.82	$	1.88	$	3.49	$	3.63
(a)		Basic and diluted earnings per share under the two-class method are determined on net income reported on the income statement less earnings allocated to nonvested restricted shares and restricted share units with nonforfeitable dividends and dividend rights (participating securities).

XML

Total Equity and Other Comprehensive Income

6 Months Ended

Jun. 30, 2016

Other Comprehensive Income [Abstract]

Total Equity And Other Comprehensive Income Disclosure [Text Block]

Note 11Total Equity And Other Comprehensive Income

Activity in total equity for the first six monthsof 2015and 2016 follows:

Table 83: Rollforward of Total Equity
				Shareholders' Equity
In millions		Shares Outstanding Common Stock			Common Stock		Capital Surplus - Preferred Stock		Capital Surplus - Common Stock and Other		Retained Earnings		Accumulated Other Comprehensive Income (Loss)			Treasury Stock		Non-controlling Interests		Total Equity
Balance at January 1, 2015			523		$	2,705	$	3,946	$	12,627	$	26,200		$	503	$	(1,430)	$	1,523	$	46,074
Net income												2,043							5		2,048
Other comprehensive income (loss), net of tax															(124)						(124)
Cash dividends declared
	Common ($.99 per share)											(516)									(516)
	Preferred											(115)									(115)
Preferred stock discount accretion								3				(3)
Common stock activity			1			3				34											37
Treasury stock activity			(8)							(55)							(832)				(887)
Preferred stock redemption - Series K								(500)													(500)
Other										26									(131)		(105)
Balance at June 30, 2015 (a)			516		$	2,708	$	3,449	$	12,632	$	27,609		$	379	$	(2,262)	$	1,397	$	45,912
Balance at January 1, 2016			504		$	2,708	$	3,452	$	12,745	$	29,043		$	130	$	(3,368)	$	1,270	$	45,980
Net income												1,890							42		1,932
Other comprehensive income (loss), net of tax															606						606
Cash dividends declared
	Common ($1.02 per share)											(516)									(516)
	Preferred											(105)									(105)
Preferred stock discount accretion								3				(3)
Common stock activity (b)						1				10											11
Treasury stock activity			(11)							(13)							(936)				(949)
Other										(89)									(171)		(260)
Balance at June 30, 2016 (a)			493		$	2,709	$	3,455	$	12,653	$	30,309		$	736	$	(4,304)	$	1,141	$	46,699
(a)	The par value of our preferred stock outstanding was less than $.5 million at each date and, therefore, is excluded from this presentation.
(b)	Common stock activity totaled less than .5 million shares issued.

Warrants

We had 13.4 million warrants outstanding at bothJune 30,2016 and December 31, 2015. Each warrant entitles the holder to purchase one share of PNC common stock at an exercise price of $67.33 per share. In accordance with the terms of the warrants, the warrants are exercised on a non-cash net basis with the warrant holder receiving PNC common shares determined based on the excess of the market price of PNC common stock on the exercise date over the exercise price of the warrant. The outstanding warrants will expire as of December 31, 2018, and are considered in the calculation of diluted earnings per common share in Note 10 Earnings Per Share in this Report.

Details of other comprehensive income (loss) are as follows:
Table 84: Other Comprehensive Income
			Three Months Ended June 30				Six Months Ended June 30
In millions			2016		2015		2016		2015
Net unrealized gains (losses) on non-OTTI securities
Increase in net unrealized gains (losses) on non-OTTI securities		$	286	$	(346)	$	805	$	(214)
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities interest income			8		7		14		14
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income			5		12		14		63
Net increase (decrease), pre-tax			273		(365)		777		(291)
Effect of income taxes			(100)		134		(285)		107
Net increase (decrease), after-tax			173		(231)		492		(184)
Net unrealized gains (losses) on OTTI securities
Increase in net unrealized gains (losses) on OTTI securities			17		3		(22)		5
Less: OTTI losses realized on securities reclassified to noninterest income					(1)		(1)		(2)
Net increase (decrease), pre-tax			17		4		(21)		7
Effect of income taxes			(6)		(2)		8		(3)
Net increase (decrease), after-tax			11		2		(13)		4
Net unrealized gains (losses) on cash flow hedge derivatives
Increase in net unrealized gains (losses) on cash flow hedge derivatives			126		(102)		391		196
Less: Net gains (losses) realized as a yield adjustment reclassified to loan interest income			56		64		116		128
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities interest income			8		8		13		12
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income			(1)		(4)		(1)		(13)
Net increase (decrease), pre-tax			63		(170)		263		69
Effect of income taxes			(23)		63		(96)		(25)
Net increase (decrease), after-tax			40		(107)		167		44
Pension and other postretirement benefit plan adjustments
Net pension and other postretirement benefit activity			(7)		(17)		(5)		36
Amortization of actuarial loss (gain) reclassified to other noninterest expense			12		9		24		18
Amortization of prior service cost (credit) reclassified to other noninterest expense			(2)		(2)		(4)		(4)
Net increase (decrease), pre-tax			3		(10)		15		50
Effect of income taxes			(1)		4		(5)		(18)
Net increase (decrease), after-tax			2		(6)		10		32
Other
PNC's portion of BlackRock's OCI			13		(9)		(12)		(34)
Net investment hedge derivatives			80		(65)		109		(11)
Foreign currency translation adjustments and other (a)			(81)		65		(112)		9
Net increase (decrease), pre-tax			12		(9)		(15)		(36)
Effect of income taxes (a)			(34)		27		(35)		16
Net increase (decrease), after-tax			(22)		18		(50)		(20)
Total other comprehensive income, pre-tax			368		(550)		1,019		(201)
Total other comprehensive income, tax effect			(164)		226		(413)		77
Total other comprehensive income, after-tax		$	204	$	(324)	$	606	$	(124)
(a)	The earnings of PNC's Luxembourg-UK lending business have been indefinitely reinvested; therefore, no U.S. deferred income tax has been recorded on the foreign currency translation of the investment.

Table 85: Accumulated Other Comprehensive Income (Loss) Components
In millions, after-tax	Net unrealized gains (losses) on non-OTTI securities		Net unrealized gains (losses) on OTTI securities		Net unrealized gains (losses) on cash flow hedge derivatives		Pension and other postretirement benefit plan adjustments		Other		Total
Balance at March 31, 2015	$	694	$	76	$	501	$	(482)	$	(86)	$	703
Net activity		(231)		2		(107)		(6)		18		(324)
Balance at June 30, 2015	$	463	$	78	$	394	$	(488)	$	(68)	$	379
Balance at March 31, 2016	$	605	$	42	$	557	$	(546)	$	(126)	$	532
Net activity		173		11		40		2		(22)		204
Balance at June 30, 2016	$	778	$	53	$	597	$	(544)	$	(148)	$	736
Balance at December 31, 2014	$	647	$	74	$	350	$	(520)	$	(48)	$	503
Net activity		(184)		4		44		32		(20)		(124)
Balance at June 30, 2015	$	463	$	78	$	394	$	(488)	$	(68)	$	379
Balance at December 31, 2015	$	286	$	66	$	430	$	(554)	$	(98)	$	130
Net activity		492		(13)		167		10		(50)		606
Balance at June 30, 2016	$	778	$	53	$	597	$	(544)	$	(148)	$	736

XML

Legal Proceedings

6 Months Ended

Jun. 30, 2016

Legal Proceedings [Abstract]

Legal Proceedings

NOTE 12 Legal Proceedings

We establish accruals for legal proceedings, including litigation and regulatory and governmental investigations and inquiries, when information related to the loss contingencies represented by those matters indicates both that a loss is probable and that the amount of loss can be reasonably estimated. Any such accruals are adjusted thereafter as appropriate to reflect changed circumstances. When we are able to do so, we also determine estimates of possible losses or ranges of possible losses, whether in excess of any related accrued liability or where there is no accrued liability, for disclosed legal proceedings (“Disclosed Matters,” which are those matters disclosed in this Note 12 as well as those matters disclosed in Note 20 Legal Proceedings in Part II, Item 8 of our 2015 Form 10-K and in Note 14 Legal Proceedings in Part I, Item 1 of our first quarter 2016 Form 10-Q (such prior disclosure collectively referred to as “Prior Disclosure”)). For Disclosed Matters where we are able to estimate such possible losses or ranges of possible losses, as of June 30, 2016, we estimate that it is reasonably possible that we could incur losses in an aggregate amount of up to approximately $550million. The estimates included in this amount are based on our analysis of currently available information and are subject to significant judgment and a variety of assumptions and uncertainties. As new information is obtained we may change our estimates. Due to the inherent subjectivity of the assessments and unpredictability of outcomes of legal proceedings, any amounts accrued or included in this aggregate amount may not represent the ultimate loss to us from the legal proceedings in question. Thus, our exposure and ultimate losses may be higher, and possibly significantly so, than the amounts accrued or this aggregate amount.

In our experience, legal proceedings are inherently unpredictable. One or more of the following factors frequently contribute to this inherent unpredictability: the proceeding is in its early stages; the damages sought are unspecified, unsupported or uncertain; it is unclear whether a case brought as a class action will be allowed to proceed on that basis or, if permitted to proceed as a class action, how the class will be defined; the other party is seeking relief other than or in addition to compensatory damages (including, in the case of regulatory and governmental investigations and inquiries, the possibility of fines and penalties); the matter presents meaningful legal uncertainties, including novel issues of law; discovery has not started or is not complete; there are significant facts in dispute; we have not engaged in meaningful settlement discussions; the possible outcomes may not be amenable to the use of statistical or quantitative analytical tools; predicting possible outcomes depends on making assumptions about future decisions of courts or regulatory bodies or the behavior of other parties; and there are a large number of parties named as defendants (including where it is uncertain how damages or liability, if any, will be shared among multiple defendants). Generally, the less progress that has been made in the proceedings or the broader the range of potential results, the harder it is for us to estimate losses or ranges of losses that it is reasonably possible we could incur.

As a result of these types of factors, we are unable, at this time, to estimate the losses that it is reasonably possible that we could incur or ranges of such losses with respect to some of the matters disclosed, and the aggregate estimated amount provided above does not include an estimate for every Disclosed Matter. Therefore, as the estimated aggregate amount disclosed above does not include all of the Disclosed Matters, the amount disclosed above does not represent our maximum reasonably possible loss exposure for all of the Disclosed Matters. The estimated aggregate amount also does not reflect any of our exposure to matters not so disclosed, as discussed below under “Other.”

We include in some of the descriptions of individual Disclosed Matters certain quantitative information related to the plaintiff’s claim against us as alleged in the plaintiff’s pleadings or other public filings or otherwise publicly available information. While information of this type may provide insight into the potential magnitude of a matter, it does not necessarily represent our estimate of reasonably possible loss or our judgment as to any currently appropriate accrual.

Some of our exposure in Disclosed Matters may be offset by applicable insurance coverage. We do not consider the possible availability of insurance coverage in determining the amounts of any accruals (although we record the amount of related insurance recoveries that are deemed probable up to the amount of the accrual) or in determining any estimates of possible losses or ranges of possible losses.

Interchange Litigation

In June 2016, the U.S. Court of Appeals for the Second Circuit reached a decision on the appeal of the approval of a settlement of the antitrust lawsuits pending against Visa^®, MasterCard^®, and several major financial institutions, including cases naming National City (since merged into PNC) and its subsidiary, National City Bank of Kentucky (since merged into National City Bank which in turn was merged into PNC Bank, N.A.), that have been consolidated for pretrial proceedings in the U.S. District Court for the Eastern District of New York under the caption In re Payment Card Interchange Fee and Merchant-Discount Antitrust Litigation (Master File No. 1:05-md-1720-JG-JO). In its decision, the court of appeals reversed approval of the settlement and remanded for further proceedings. As a result, the class litigation is expected to resume in the district court.

Lender Placed Insurance Litigation

In February 2014, a class action lawsuit (Montoya, et al. v. PNC Bank, N.A., et al. (Case No. 1:14-cv-20474-JEM)) was filed in the U.S. District Court for the Southern District of Florida against PNC Bank, American Security Insurance Company (ASIC), a provider of property and casualty insurance to PNC for certain residential mortgages, and its parent, Assurant, Inc. relating to the administration of PNC Bank’s program for placement of insurance for borrowers who fail to obtain hazard insurance coverages required by the terms of their mortgages. In their complaint, the plaintiffs asserted breach of contract by PNC, breach of its duty of good faith and fair dealing, unjust enrichment, breach of a fiduciary duty, and violations of Florida and New Jersey statutes pertaining to deceptive and unfair trade practices. They also asserted claims under the federal TILA and RICO statutes. The plaintiffs sought a nationwide class on all claims except the state law statutory claims, for which they sought to certify subclasses of Florida and New Jersey residents, respectively. The plaintiffs sought, among other things, damages (including treble damages), disgorgement of “unjust benefits,” injunctive relief, interest and attorneys’ fees. PNC filed a motion to dismiss the complaint in May 2014. In August 2014, the court granted in part and denied in part PNC’s motion to dismiss. Specifically, the court dismissed the breach of contract, Florida deceptive and unfair trade practices, and federal TILA and RICO claims, although it allowed the RICO claims to be re-pled. The remaining claims were state claims for breach of the covenant of good faith, unjust enrichment, the New Jersey Consumer Fraud Act, and breach of fiduciary duty. Thereafter, in September 2014, a third amended complaint was filed. In October 2014, PNC moved to partially dismiss the third amended complaint. The motion to dismiss sought dismissal of the re-pleaded RICO claims and a state law claim for breach of the covenant of good faith and fair dealing and breach of fiduciary duty. At the same time, PNC also moved to strike nationwide class allegations with respect to the state law claims. Shortly thereafter, the plaintiffs stipulated to this relief, as a result of which the plaintiffs’ state law claims were brought solely as statewide class action claims in the states in which the plaintiffs reside. In January 2015, the plaintiffs filed a motion for class certification. In March 2015, the court denied PNC’s motion to dismiss, except that it granted the motion as to the state law good faith and fair dealing claim.

In May 2015, the parties reached an agreement to settle this caseon a nationwide settlement class basis. In connection with the settlement agreement, the plaintiffs also filed a fourth amended complaint, which, among other things, added claims regarding wind and flood insurance. The settlement provided for certification of a class of borrowers who were charged by PNC under a hazard, flood, flood gap or wind only lender placed insurance policy for residential property during the period January 1, 2008 through the date of preliminary approval of the settlement. The court granted final approval of the settlement in April 2016. An appeal of this approval filed by an objector has been voluntarily dismissed, as a result of which the case has been concluded. The overall cost of the settlement has been reflected in our reserves and will not be material to PNC.

Other cases making similar allegations were previously dismissed, with plaintiffs in those cases being added as plaintiffs in this case.

Other Regulatory and Governmental Inquiries

PNC is the subject of investigations, audits and other forms of regulatory and governmental inquiry covering a broad range of issues in our banking, securities and other financial services businesses, in some cases as part of reviews of specified activities at multiple industry participants. Over the last few years, we have experienced an increase in regulatory and governmental investigations, audits and other inquiries. Areas of current regulatory or governmental inquiry with respect to PNC include consumer protection, fair lending, mortgage origination and servicing, mortgage and non mortgage-related insurance and reinsurance, municipal finance activities, conduct by broker-dealers, automobile lending practices, employment practices, and participation in government insurance or guarantee programs, some of which are described in Prior Disclosure. These inquiries, including those described in Prior Disclosure, may lead to administrative, civil or criminal proceedings, and possibly result in remedies including fines, penalties, restitution, or alterations in our business practices, and in additional expenses and collateral costs.

Our practice is to cooperate fully with regulatory and governmental investigations, audits and other inquiries, including those described in Prior Disclosure.

Other

In addition to the proceedings or other matters described above and in Prior Disclosure, PNC and persons to whom we may have indemnification obligations, in the normal course of business, are subject to various other pending and threatened legal proceedings in which claims for monetary damages and other relief are asserted. We do not anticipate, at the present time, that the ultimate aggregate liability, if any, arising out of such other legal proceedings will have a material adverse effect on our financial position. However, we cannot now determine whether or not any claims asserted against us or others to whom we may have indemnification obligations, whether in the proceedings or other matters described above or otherwise, will have a material adverse effect on our results of operations in any future reporting period, which will depend on, among other things, the amount of the loss resulting from the claim and the amount of income otherwise reported for the reporting period.

XML

Commitments and Guarantees

6 Months Ended

Jun. 30, 2016

Commitments and Guarantees [Abstract]

Commitments and Guarantees

Note 13 Commitments and Guarantees

Commitments

In the normal course of business, we have various commitments outstanding, certain of which are not included on our Consolidated Balance Sheet. The following table presents our outstanding commitments to extend credit along with significant other commitments as of June 30,2016 and December 31, 2015, respectively.

Table 86: Commitments to Extend Credit and Other Commitments
			June 30		December 31
In millions			2016		2015
Commitments to extend credit
	Total commercial lending		$	102,120	$	101,252
	Home equity lines of credit			17,331		17,268
	Credit card			21,298		19,937
	Other			4,367		4,032
Total commitments to extend credit				145,116		142,489
Net outstanding standby letters of credit (a)				9,089		8,765
Reinsurance agreements (b)				1,917		2,010
Standby bond purchase agreements (c)				872		911
Other commitments (d)				965		966
		Total commitments to extend credit and other commitments	$	157,959	$	155,141
(a)	Net outstanding standby letters of credit include $4.6 billion and $4.7 billion which support remarketing programs at June 30, 2016 and December 31, 2015, respectively.
(b)	Represents aggregate maximum exposure up to the specified limits of the reinsurance contracts, and reflects estimates based on availability of financial information from insurance carriers. As of June 30, 2016, the aggregate maximum exposure amount comprised $1.6 billion for accidental death & dismemberment contracts and $.3 billion for credit life, accident & health contracts. Comparable amounts at December 31, 2015 were $1.6 billion and $.4 billion, respectively.
(c)	We enter into standby bond purchase agreements to support municipal bond obligations.
(d)	Includes $.4 billion and $.5 billion related to investments in qualified affordable housing projects at June 30, 2016 and December 31, 2015, respectively.

Commitments to Extend Credit

Commitments to extend credit, or net unfunded loan commitments, 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.

Net Outstanding Standby Letters of Credit

We issue standby letters of credit and share in the risk of standby letters of credit issued by other financial institutions, in each case to support obligations of our customers to third parties, such as insurance requirements and the facilitation of transactions involving capital markets product execution. Internal credit ratings related to our net outstanding standby letters of credit were as follows:

Table 87: Internal Credit Ratings Related to Net Outstanding Standby Letters of Credit
		June 30			December 31
		2016			2015
Internal credit ratings (as a percentage of portfolio):
	Pass (a)		92	%		93	%
	Below pass (b)		8	%		7	%
(a)	Indicates that expected risk of loss is currently low.
(b)	Indicates a higher degree of risk of default.

If the customer fails to meet its financial or performance obligation to the third party under the terms of the contract or there is a need to support a remarketing program, then upon a draw by a beneficiary, subject to the terms of the letter of credit, we would be obligated to make payment to them. The standby letters of credit outstanding on June 30,2016 had terms ranging from less than 1 year to 9 years.

As of June 30,2016, assets of $1.1 billion secured certain specifically identified standby letters of credit. In addition, a portion of the remaining standby letters of credit issued on behalf of specific customers is also secured by collateral or guarantees that secure the customers’ other obligations to us. The carrying amount of the liability for our obligations related to standby letters of credit and participations in standby letters of credit was $.2 billion at June 30,2016 and is included in Other liabilities on our Consolidated Balance Sheet.

Reinsurance Agreements

We have a wholly-owned captive insurance subsidiary which provides reinsurance for accidental death & dismemberment, credit life, and accident & health, all of which are in run-off. This subsidiary previously entered into these various types of reinsurance agreements with third-party insurers where the subsidiary assumed the risk of loss through quota share agreements up to 100% reinsurance. In quota share agreements, the subsidiary and the third-party insurers share the responsibility for payment of all claims.

Recourse and Repurchase Obligations

As discussed in Note 2 Loan Sale and Servicing Activities and Variable Interest Entities, PNC has sold commercial mortgage, residential mortgage and home equity loans/lines of credit directly or indirectly through securitization and loan sale transactions in which we have continuing involvement. One form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets. See Note 21 Commitments and Guarantees in our 2015 Form 10-K for details related to our Recourse and Repurchase Obligations.

Resale and Repurchase Agreements

We enter into repurchase and resale agreements where we transfer investment securities to/from a third party with the agreement to repurchase/resell those investment securities at a future date for a specified price. These agreements are entered into primarily to provide short-term financing for securities inventory positions, acquire securities to cover short positions and accommodate customers’ investing and financing needs. Repurchase and resale agreements are treated as collateralized financing transactions for accounting purposes and are generally carried at the amounts at which the securities will be subsequently reacquired or resold, including accrued interest. Our policy is to take possession of securities purchased under agreements to resell. We monitor the market value of securities to be repurchased and resold and additional collateral may be obtained where considered appropriate to protect against credit exposure.

Repurchase and resale agreements are typically entered into with counterparties under industry standard master netting agreements which provide for the right to offset amounts owed to one another with respect to multiple repurchase and resale agreements under such master netting agreement (referred to as netting arrangements) and liquidate the purchased or borrowed securities in the event of counterparty default. In order for an arrangement to be eligible for netting under GAAP, we must obtain the requisite assurance that the offsetting rights included in the master netting agreement would be legally enforceable in the event of bankruptcy, insolvency, or a similar proceeding of such third party. Enforceability is evidenced by obtaining a legal opinion that supports, with sufficient confidence, the enforceability of the master netting agreement in bankruptcy.

Table 88shows the amounts owed under resale and repurchase agreements and the securities collateral associated with those agreements where a legal opinion supporting the enforceability of the offsetting rights has been obtained. We do not present resale and repurchase agreements entered into with the same counterparty under a legally enforceable master netting agreement on a net basis on our Consolidated Balance Sheet or within Table 88.

Refer to Note 9 Financial Derivatives for additional information related to offsetting of financial derivatives.

Table 88: Resale and Repurchase Agreements Offsetting
In millions		Gross Resale / Repurchase Agreements		Amounts Offset on the Consolidated Balance Sheet	Net Resale / Repurchase Agreements (a)		Securities Collateral Held / Pledged Under Master Netting Agreements (b)		Net Amounts
Resale Agreements
	June 30, 2016	$	1,157		$	1,157	$	1,083	$	74	(c)
	December 31, 2015	$	1,082		$	1,082	$	1,008	$	74	(c)
Repurchase Agreements (d)
	June 30, 2016	$	1,617		$	1,617	$	1,001	$	616	(e)
	December 31, 2015	$	1,767		$	1,767	$	1,014	$	753	(e)
(a)	Resale agreements are included on the Consolidated Balance Sheet in Federal funds sold and resale agreements. Repurchase agreements are included on the Consolidated Balance Sheet in Federal funds purchased and repurchase agreements.
(b)	Represents the fair value of securities collateral purchased or sold, up to the amount owed under the agreement, for agreements supported by a legally enforceable master netting agreement.
(c)	Represents certain long term resale agreements which are fully collateralized but do not have the benefits of a netting opinion and, therefore, might be subject to a stay in insolvency proceedings and therefore are not eligible under ASC 210-20 for netting.
(d)	Repurchase agreements have remaining contractual maturities that are classified as overnight or continuous. As of June 30, 2016 and December 31, 2015, the collateral pledged under these agreements consisted primarily of residential mortgage-backed agency securities.
(e)	Represents overnight repurchase agreements entered into with municipalities, pension plans, and certain trusts and insurance companies which are fully collateralized but do not have the benefits of a netting opinion and, therefore, might be subject to a stay in insolvency proceedings and therefore are not eligible under ASC 210-20 for netting. There were no long term repurchase agreements as of June 30, 2016 and December 31, 2015.

XML

Segment Reporting

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Segment Reporting

Note 14 Segment Reporting

We have six reportable business segments:

• Retail Banking
• Corporate & Institutional Banking
• Asset Management Group
• Residential Mortgage Banking
• BlackRock
• Non-Strategic Assets Portfolio

Results of individual businesses are presented based on our internal management reporting practices. There is no comprehensive, authoritative body of guidance for management accounting equivalent to GAAP; therefore, the financial results of our individual businesses are not necessarily comparable with similar information for any other company. We periodically refine our internal methodologies as management reporting practices are enhanced. To the extent significant and practicable, retrospective application of new methodologies is made to prior period reportable business segment results and disclosures to create comparability with the current period.

Financial results are presented, to the extent practicable, as if each business operated on a stand-alone basis. Additionally, we have aggregated the results forcorporate support functions within “Other” for financial reporting purposes.

Net interest income in business segment results reflects PNC’s internal funds transfer pricing methodology. Assets receive a funding charge and liabilities and capital receive a funding credit based on a transfer pricing methodology that incorporates product repricing characteristics, tenor and other factors.

A portion of capital is intended to cover unexpected losses and is assigned to our business segments using our risk-based economic capital model, including consideration of the goodwill at those business segments, as well as the diversification of risk among the business segments, ultimately reflecting PNC’s portfolio risk adjusted capital allocation.

We have allocated the allowances for loan and lease losses and for unfunded loan commitments and letters of credit based on the loan exposures within each business segment’s portfolio. Key reserve assumptions and estimation processes react to and are influenced by observed changes in loan portfolio performance experience, the financial strength of the borrower, and economic conditions. Key reserve assumptions are periodically updated.

Our allocation of the costs incurred by operations and other shared support areas not directly aligned with the businesses is primarily based on the use of services.

Total business segment financial results differ from total consolidated net income. The impact of these differences is reflected in the “Other” category in the business segment tables. “Other” includes residual activities that do not meet the criteria for disclosure as a separate reportable business, such as gains or losses related to BlackRock transactions, integration costs, asset and liability management activities including net securities gains or losses, other-than-temporary impairment of investment securities and certain trading activities, exited businesses, private equity investments, intercompany eliminations, most corporate overhead, tax adjustments that are not allocated to business segments, and differences between business segment performance reporting and financial statement reporting (GAAP), including the presentation of net income attributable to noncontrolling interests as the segments’ results exclude their portion of net income attributable to noncontrolling interests. Assets, revenue and earnings attributable to foreign activities were not material in the periods presented for comparative purposes.

Business Segment Products and Services

Retail Bankingprovides deposit, lending, brokerage, investment management and cash management services to consumer and small business customers within our primary geographic markets. Our customers are serviced through our branch network, ATMs, call centers, online banking and mobile channels. The branch network is located primarily in Pennsylvania, Ohio, New Jersey, Michigan, Illinois,Maryland, Indiana,Florida, North Carolina,Kentucky, Washington, D.C.,Delaware, Virginia, Alabama, Georgia, Missouri, Wisconsin and South Carolina.

Corporate & Institutional Bankingprovides lending, treasury management, and capital markets-related products and servicesto mid-sized and large corporations, government and not-for-profit entities. Lending products include secured and unsecured loans, letters of credit and equipment leases. Treasury management services include cash and investment management, receivables management, disbursement services, funds transfer services, information reporting and global trade services. Capital markets-related products and services include foreign exchange, derivatives, securities, loan syndications, mergers and acquisitions advisory and equity capital markets advisory related services. We also provide commercial loan servicing and technology solutions for the commercial real estate finance industry. Products and services are generally provided within our primary geographic markets, with certain products and services offered nationally and internationally.

Asset Management Groupincludes personal wealth management for high net worth and ultra high net worth clients and institutional asset management. Wealth management products and services include investment and retirement planning, customized investment management, private banking, tailored credit solutions, and trust management and administration for individuals and their families. Our Hawthorn unit provides multi-generational family planning including wealth strategy, investment management, private banking, tax and estate planning guidance, performance reporting and personal administration services to ultra high net worth families. Institutional asset management provides investment management, custody administration and retirement administration services. The business also offers PNC proprietary mutual funds. Institutional clients include corporations, unions, municipalities, non-profits, foundations and endowments, primarily located in our geographic footprint.

Residential Mortgage Bankingdirectly originates first lien residential mortgage loans on a nationwide basis with a significant presence within the retail banking footprint. Mortgage loans represent loans collateralized by one-to-four family residential real estate. These loans are typically underwritten to government agency and/or third-party standards, and either sold, servicing retained,or held on PNC’s balance sheet. Loan sales are primarily to secondary mortgage conduits of FNMA, FHLMC, Federal Home Loan Banks and third-party investors, or are securitized and issued under the GNMA program. The mortgage servicing operation performs all functions related to servicing mortgage loans, primarily those in first lien position, for various investors and for loans owned by PNC.

BlackRock is a leading publicly traded investment management firm providing a broad range of investment and risk management services to institutional and retail clients worldwide. Using a diverse platform of active and index investment strategies across asset classes, BlackRock develops investment outcomes and asset allocation solutions for clients. Product offerings include single- and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments. BlackRock also offers an investment and risk management technology platform, risk analytics and advisory services and solutions to a broad base of institutional investors.

We hold an equity investment in BlackRock, which provides us with an additional source of noninterest income and increases our overall revenue diversification. BlackRock is a publicly traded company, and additional information regarding its business is available in its filings with the Securities and Exchange Commission (SEC). At June 30,2016, our economic interest in BlackRock was 22%.PNC received cash dividends from BlackRock of $165 million and $160 million during the first six months of 2016 and 2015, respectively.

Non-Strategic Assets Portfolioincludes a consumer portfolio of mainly residential mortgage and brokered home equity loans and lines of credit and a small commercial lending portfolio. We obtained a significant portion of these non-strategic assets through acquisitions of other companies.

Table 89: Results Of Businesses
				Corporate &		Asset		Residential				Non-Strategic
Three months ended June 30		Retail		Institutional		Management		Mortgage				Assets
In millions		Banking		Banking		Group		Banking		BlackRock		Portfolio		Other		Consolidated (a)
2016
Income Statement
Net interest income		$	1,117	$	822	$	76	$	28			$	73	$	(48)	$	2,068
Noninterest income			564		533		213		182	$	170		5		59		1,726
	Total revenue		1,681		1,355		289		210		170		78		11		3,794
Provision for credit losses			29		69		6		1				13		9		127
Depreciation and amortization			41		37		12		3						122		215
Other noninterest expense			1,127		512		194		133				20		159		2,145
Income (loss) before income taxes and noncontrolling interests			484		737		77		73		170		45		(279)		1,307
Income taxes (benefit)			177		247		29		27		36		16		(214)		318
Net income (loss)		$	307	$	490	$	48	$	46	$	134	$	29	$	(65)	$	989
Average Assets (b)		$	71,544	$	138,305	$	7,756	$	5,768	$	6,919	$	5,539	$	123,159	$	358,990
2015
Income Statement
Net interest income		$	1,045	$	837	$	71	$	30			$	100	$	(31)	$	2,052
Noninterest income			590		492		243		176	$	175		9		129		1,814
	Total revenue		1,635		1,329		314		206		175		109		98		3,866
Provision for credit losses (benefit)			45		20		1		(2)				(5)		(13)		46
Depreciation and amortization			42		37		12		4						106		201
Other noninterest expense			1,168		510		203		174				26		84		2,165
Income (loss) before income taxes and noncontrolling interests			380		762		98		30		175		88		(79)		1,454
Income taxes (benefit)			139		254		36		11		40		32		(102)		410
Net income		$	241	$	508	$	62	$	19	$	135	$	56	$	23	$	1,044
Average Assets (b)		$	73,369	$	132,239	$	8,005	$	7,136	$	6,760	$	6,914	$	118,217	$	352,640
				Corporate &		Asset		Residential				Non-Strategic
Six months ended June 30		Retail		Institutional		Management		Mortgage				Assets
In millions		Banking		Banking		Group		Banking		BlackRock		Portfolio		Other		Consolidated (a)
2016
Income Statement
Net interest income		$	2,230	$	1,660	$	153	$	53			$	148	$	(78)	$	4,166
Noninterest income			1,101		967		416		287	$	311		27		184		3,293
	Total revenue		3,331		2,627		569		340		311		175		106		7,459
Provision for credit losses (benefit)			106		176		3						6		(12)		279
Depreciation and amortization			81		72		23		6						235		417
Other noninterest expense			2,237		998		389		282				41		277		4,224
Income (loss) before income taxes and noncontrolling interests			907		1,381		154		52		311		128		(394)		2,539
Income taxes (benefit)			332		460		57		19		65		47		(373)		607
Net income (loss)		$	575	$	921	$	97	$	33	$	246	$	81	$	(21)	$	1,932
Average Assets (b)		$	71,880	$	136,913	$	7,822	$	6,037	$	6,919	$	5,677	$	122,203	$	357,451
2015
Income Statement
Net interest income		$	2,082	$	1,660	$	144	$	60			$	212	$	(34)	$	4,124
Noninterest income			1,078		921		451		353	$	351		18		301		3,473
	Total revenue		3,160		2,581		595		413		351		230		267		7,597
Provision for credit losses (benefit)			94		37		13						(36)		(8)		100
Depreciation and amortization			85		73		23		7						206		394
Other noninterest expense			2,283		988		402		332				50		266		4,321
Income (loss) before income taxes and noncontrolling interests			698		1,483		157		74		351		216		(197)		2,782
Income taxes (benefit)			255		493		58		27		82		79		(260)		734
Net income		$	443	$	990	$	99	$	47	$	269	$	137	$	63	$	2,048
Average Assets (b)		$	73,691	$	131,711	$	7,974	$	7,190	$	6,760	$	7,094	$	115,941	$	350,361
(a)	There were no material intersegment revenues for the three and six months ended June 30, 2016 and 2015.
(b)	Period-end balances for BlackRock.

XML

Subsequent Events

6 Months Ended

Jun. 30, 2016

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Note 15 Subsequent Events

On July 18, 2016, we announced the redemption on August 22, 2016 of all of the outstanding Senior Notes due September 19, 2016 issued by PNC Funding Corp in the amount of $1.25 billion. The securities have a distribution rate of 2.70%. The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued and unpaid distributions to the redemption date.

On July 29, 2016, PNC Bank issued $1.0 billion of senior notes with a maturity date of July 29, 2019.  Interest is payable semi-annually at a fixed rate of 1.450%, beginning on January 29, 2017.

XML

Accounting Policies - 10-Q (Policies)

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Business and Basis of Financial Statement Presentation

Notes To Consolidated Financial Statements

The PNC Financial Services Group, Inc.

Business

The PNC Financial Services Group, Inc. (PNC) is one of the largest diversified financial services companies in the United States and is headquartered in Pittsburgh, Pennsylvania.

We have businesses engaged in retail banking, corporate and institutional banking, asset management and residential mortgage banking, providing many of our products and services nationally, as well as other products and services in our primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, Florida, North Carolina, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Georgia, Missouri, Wisconsin and South Carolina. We also provide certain products and services internationally.

Note 1 Accounting Policies

Basis of Financial Statement Presentation

Our consolidated financial statements include the accounts of the parent company and its subsidiaries, most of which are wholly-owned, certain partnership interests, and variable interest entities.

We prepared these consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (GAAP). We have eliminated intercompany accounts and transactions. We have also reclassified certain prior year amounts to conform to the 2016 presentation, which did not have a material impact on our consolidated financial condition or results of operations. Additionally, we evaluate the materiality of identified errors in the financial statements using both an income statement and a balance sheet approach, based on relevant quantitative and qualitative factors. The consolidated financial statements include certain adjustments to correct immaterial errors related to previously reported periods.

In our opinion, the unaudited interim consolidated financial statements reflect all normal, recurring adjustments needed to present fairly our results for the interim periods. The results of operations for interim periods are not necessarily indicative of the results that may be expected for the full year or any other interim period.

We have also considered the impact of subsequent events on these consolidated financial statements.

When preparing these unaudited interim consolidated financial statements, we have assumed that you have read the audited consolidated financial statements included in our 2015 Annual Report on Form 10-K. Reference is made to Note 1 Accounting Policies in the 2015 Form 10-K for a detailed description of significant accounting policies. There have been no significant changes to our accounting policies as disclosed in the 2015 Annual Report on Form 10-K. These interim consolidated financial statements serve to update the 2015 Form 10-K and may not include all information and notes necessary to constitute a complete set of financial statements.

Use of Estimates

Use of Estimates

We prepared these consolidated financial statements using financial information available at the time of preparation, which requires us to make estimates and assumptions that affect the amounts reported. Our most significant estimates pertain to our fair value measurements, allowances for loan and lease losses and unfunded loan commitments and letters of credit, and accretion on purchased impaired loans. Actual results may differ from the estimates and the differences may be material to the consolidated financial statements.

Recently Adopted Accounting Standards

Recently Adopted Accounting Standards

We did not adopt new accounting standards that had a significant impact during the second quarter of 2016.

XML

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

6 Months Ended

Jun. 30, 2016

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

Cash Flows Associated with Loan Sale and Servicing Activities

Table 42: Cash Flows Associated with Loan Sale and Servicing Activities
		Residential			Commercial		Home Equity
In millions		Mortgages			Mortgages (a)		Loans/Lines (b)
CASH FLOWS - Three months ended June 30, 2016
Sales of loans (c)			$	1,408	$	804
Repurchases of previously transferred loans (d)			$	103
Servicing fees (e)			$	93	$	32	$	3
Servicing advances recovered/(funded), net			$	48	$	(24)	$	(4)
Cash flows on mortgage-backed securities held (f)			$	417	$	92
CASH FLOWS - Three months ended June 30, 2015
Sales of loans (c)			$	2,015	$	1,159
Repurchases of previously transferred loans (d)			$	134
Servicing fees (e)			$	82	$	36	$	4
Servicing advances recovered/(funded), net			$	47	$	21	$	1
Cash flows on mortgage-backed securities held (f)			$	429	$	54
CASH FLOWS - Six months ended June 30, 2016
Sales of loans (c)			$	2,846	$	1,454
Repurchases of previously transferred loans (d)			$	263
Servicing fees (e)			$	186	$	62	$	6
Servicing advances recovered/(funded), net			$	76	$	7	$	20
Cash flows on mortgage-backed securities held (f)			$	769	$	197
CASH FLOWS - Six months ended June 30, 2015
Sales of loans (c)			$	3,955	$	2,179
Repurchases of previously transferred loans (d)			$	303			$	2
Servicing fees (e)			$	165	$	68	$	8
Servicing advances recovered/(funded), net			$	38	$	28	$	25
Cash flows on mortgage-backed securities held (f)			$	669	$	114
(a)	Represents cash flow information associated with both commercial mortgage loan transfer and servicing activities.
(b)	These activities were part of an acquired brokered home equity lending business in which PNC is no longer engaged.
(c)	Gains/losses recognized on sales of loans were insignificant for the periods presented.
(d)	Includes residential mortgage government insured or guaranteed loans eligible for repurchase through the exercise of our Removal of Account Provision (ROAP) option, and loans repurchased due to alleged breaches of origination covenants or representations and warranties made to purchasers. Includes home equity lines of credit repurchased at the end of their draw periods due to contractual requirements.
(e)	Includes contractually specified servicing fees, late charges and ancillary fees.
(f)	Represents cash flows on securities we hold issued by a securitization SPE in which PNC transferred to and/or services loans. The carrying values of such securities held were $6.4 billion in residential mortgage-backed securities and $1.1 billion in commercial mortgage-backed securities at June 30, 2016 and $5.6 billion in residential mortgage-backed securities and $1.2 billion in commercial mortgage-backed securities at June 30, 2015. Additionally, at December 31, 2015, the carrying values of such securities held were $6.6 billion in residential mortgage-backed securities and $1.3 billion in commercial mortgage-backed securities.

Principal Balance, Delinquent Loans (Loans 90 Days or More Past Due), and Net Charge-Offs Related to Serviced Loans

Table 43: Principal Balance, Delinquent Loans, and Net Charge-offs Related to Serviced Loans For Others
		Residential		Commercial		Home Equity
In millions		Mortgages		Mortgages (a)		Loans/Lines (b)
June 30, 2016
Total principal balance	$	69,268	$	49,625	$	2,533
Delinquent loans (c)	$	1,555	$	1,035	$	893
December 31, 2015
Total principal balance	$	72,898	$	53,789	$	2,806
Delinquent loans (c)	$	1,923	$	1,057	$	904
Three months ended June 30, 2016
Net charge-offs (d)	$	28	$	157	$	9
Three months ended June 30, 2015
Net charge-offs (d)	$	37	$	148	$	8
Six months ended June 30, 2016
Net charge-offs (d)	$	54	$	1,069	$	16
Six months ended June 30, 2015
Net charge-offs (d)	$	69	$	255	$	15
(a) Represents information at the securitization level in which PNC has sold loans and is the servicer for the securitization.
(b) These activities were part of an acquired brokered home equity lending business in which PNC is no longer engaged.
(c) Serviced delinquent loans are 90 days or more past due or are in process of foreclosure.
(d) Net charge-offs for Residential mortgages and Home equity loans/lines represent credit losses less recoveries distributed and as reported to investors during the period. Net charge-offs for Commercial mortgages represent credit losses less recoveries distributed and as reported by the trustee for commercial mortgage backed securitizations. Realized losses for Agency securitizations are not reflected as we do not manage the underlying real estate upon foreclosure and, as such, do not have access to loss information.

Consolidated VIEs - Carrying Value

Table 44: Consolidated VIEs – Carrying Value (a)
June 30, 2016 (b)
In millions			Total
Assets
Equity investments				$	220
Other assets					47
	Total assets			$	267
	Total liabilities			$	11
Noncontrolling interests				$	123
December 31, 2015
In millions			Total
Assets
Cash and due from banks				$	11
Interest-earning deposits with banks					4
Loans					1,341
Allowance for loan and lease losses					(48)
Equity investments					183
Other assets					402
	Total assets			$	1,893
Liabilities
Other borrowed funds				$	148
Accrued expenses					44
Other liabilities					202
	Total liabilities			$	394
Noncontrolling interests				$	99
(a)		Amounts represent carrying value on PNC’s Consolidated Balance Sheet.
(b)		Amounts for June 30, 2016 reflect the first quarter 2016 adoption of ASU 2015-02.

Non-Consolidated VIEs

Table 45: Non-Consolidated VIEs
		PNC Risk of Loss (a)		Carrying Value of Assets Owned by PNC			Carrying Value of Liabilities Owned by PNC
In millions
June 30, 2016 (b)
Commercial Mortgage-Backed Securitizations (c)		$	1,284	$	1,284	(d)
Residential Mortgage-Backed Securitizations (c)			6,406		6,406	(d)	$	1	(f)
Tax Credit Investments and Other			3,042		2,963	(e)		771	(g)
	Total	$	10,732	$	10,653		$	772
December 31, 2015
Commercial Mortgage-Backed Securitizations (c)		$	1,498	$	1,498	(d)	$	1	(f)
Residential Mortgage-Backed Securitizations (c)			6,680		6,680	(d)		1	(f)
Tax Credit Investments and Other			2,551		2,622	(e)		836	(g)
	Total	$	10,729	$	10,800		$	838
(a)	This represents loans, investments and other assets related to non-consolidated VIEs, net of collateral (if applicable).
(b)	Amounts for June 30, 2016 reflect the first quarter 2016 adoption of ASU 2015-02.
(c)	Amounts reflect involvement with securitization SPEs where PNC transferred to and/or services loans for an SPE and we hold securities issued by that SPE. Values disclosed in the PNC Risk of Loss column represent our maximum exposure to loss for those securities’ holdings.
(d)	Included in Trading securities, Investment securities, Other intangible assets and Other assets on our Consolidated Balance Sheet.
(e)	Included in Loans, Equity investments and Other assets on our Consolidated Balance Sheet.
(f)	Included in Other liabilities on our Consolidated Balance Sheet.
(g)	Included in Deposits and Other liabilities on our Consolidated Balance Sheet.

XML

Asset Quality (Tables)

6 Months Ended

Jun. 30, 2016

Asset Quality [Abstract]

Analysis of Loan Portfolio

Table 46: Analysis of Loan Portfolio (a)
			Accruing
			Current or Less			30-59			60-89				90 Days				Total							Fair Value Option				Purchased				Total
			Than 30 Days			Days			Days				Or More				Past			Nonperforming				Nonaccrual				Impaired				Loans
Dollars in millions				Past Due		Past Due			Past Due				Past Due				Due (b)				Loans			Loans (c)				Loans			(d) (e)
June 30, 2016
	Commercial Lending
		Commercial	$	99,797		$	61			$	34			$	38		$	133			$	606						$	26		$	100,562
		Commercial real estate		28,569			5				11							16				143							112			28,840
		Equipment lease financing		7,596			1				4							5				19										7,620
	Total commercial lending			135,962			67				49				38			154				768							138			137,022
	Consumer Lending
		Home equity		28,604			63				27							90				926							1,263			30,883
		Residential real estate (f)		11,554			128				65				489			682				513			$	215			1,835			14,799
		Credit card		4,820			25				17				30			72				4										4,896
		Other consumer (g)		20,940			181				85				197			463				53										21,456
	Total consumer lending			65,918			397				194				716			1,307				1,496				215			3,098			72,034
		Total	$	201,880		$	464			$	243			$	754		$	1,461			$	2,264			$	215		$	3,236		$	209,056
	Percentage of total loans			96.57	%		.22	%			.12	%			.36	%		.70	%			1.08	%			.10	%		1.55	%		100.00	%
December 31, 2015
	Commercial Lending
		Commercial	$	98,075		$	69			$	32			$	45		$	146			$	351						$	36		$	98,608
		Commercial real estate		27,134			10				4							14				187							133			27,468
		Equipment lease financing		7,440			19				2							21				7										7,468
	Total commercial lending			132,649			98				38				45			181				545							169			133,544
	Consumer Lending
		Home equity		29,656			63				30							93				977							1,407			32,133
		Residential real estate (f)		10,918			142				65				566			773				549			$	225			1,946			14,411
		Credit card		4,779			28				19				33			80				3										4,862
		Other consumer (g)		21,181			180				96				237			513				52										21,746
	Total consumer lending			66,534			413				210				836			1,459				1,581				225			3,353			73,152
		Total	$	199,183		$	511			$	248			$	881		$	1,640			$	2,126			$	225		$	3,522		$	206,696
	Percentage of total loans			96.36	%		.25	%			.12	%			.43	%		.80	%			1.03	%			.11	%		1.70	%		100.00	%
(a)		Amounts in table represent recorded investment and exclude loans held for sale. Recorded investment in a loan includes the unpaid principal balance plus accrued interest and net accounting adjustments, less any charge-offs. Recorded investment does not include any associated valuation allowance.
(b)		Past due loan amounts exclude purchased impaired loans, even if contractually past due (or if we do not expect to receive payment in full based on the original contractual terms), as we are currently accreting interest income over the expected life of the loans.
(c)		Consumer loans accounted for under the fair value option for which we do not expect to collect substantially all principal and interest are subject to nonaccrual accounting and classification upon meeting any of our nonaccrual policies. Given that these loans are not accounted for at amortized cost, these loans have been excluded from the nonperforming loan population.
(d)		Net of unearned income, net deferred loan fees, unamortized discounts and premiums, and purchase discounts and premiums totaling $1.4 billion at both June 30, 2016 and December 31, 2015.
(e)		Future accretable yield related to purchased impaired loans is not included in the analysis of loan portfolio.
(f)		Past due loan amounts at June 30, 2016 include government insured or guaranteed Residential real estate mortgages totaling $57 million for 30 to 59 days past due, $47 million for 60 to 89 days past due and $466 million for 90 days or more past due. Past due loan amounts at December 31, 2015 include government insured or guaranteed Residential real estate mortgages totaling $56 million for 30 to 59 days past due, $45 million for 60 to 89 days past due and $545 million for 90 days or more past due.
(g)		Past due loan amounts at June 30, 2016 include government insured or guaranteed Other consumer loans totaling $110 million for 30 to 59 days past due, $64 million for 60 to 89 days past due and $184 million for 90 days or more past due. Past due loan amounts at December 31, 2015 include government insured or guaranteed Other consumer loans totaling $116 million for 30 to 59 days past due, $75 million for 60 to 89 days past due and $220 million for 90 days or more past due.

Nonperforming Assets

Table 47: Nonperforming Assets
			June 30			December 31
Dollars in millions				2016			2015
Nonperforming loans
	Total commercial lending		$	768		$	545
	Total consumer lending (a)			1,496			1,581
Total nonperforming loans (b) (c)				2,264			2,126
OREO and foreclosed assets
	Other real estate owned (OREO)			239			279
	Foreclosed and other assets			12			20
		Total OREO and foreclosed assets		251			299
Total nonperforming assets			$	2,515		$	2,425
Nonperforming loans to total loans				1.08	%		1.03	%
Nonperforming assets to total loans, OREO and foreclosed assets				1.20	%		1.17	%
Nonperforming assets to total assets				.70	%		.68	%
(a)	Excludes most consumer loans and lines of credit, not secured by residential real estate, which are charged off after 120 to 180 days past due and are not placed on nonperforming status.
(b)	Nonperforming loans exclude certain government insured or guaranteed loans, loans held for sale, loans accounted for under the fair value option and purchased impaired loans.
(c)	The recorded investment of loans collateralized by residential real estate property that are in process of foreclosure was $.4 billion and $.6 billion at June 30, 2016 and December 31, 2015, both included $.3 billion of loans that are government insured/guaranteed.

Commercial Lending Asset Quality Indicators

Table 48: Commercial Lending Asset Quality Indicators (a)(b)
					Criticized Commercial Loans
				Pass	Special									Total
In millions				Rated	Mention (c)		Substandard (d)			Doubtful (e)				Loans
June 30, 2016
	Commercial		$	94,962	$	2,174		$	3,237		$	163	$	100,536
	Commercial real estate			28,251		68			398			11		28,728
	Equipment lease financing			7,336		56			219			9		7,620
	Purchased impaired loans			35		1			91			11		138
		Total commercial lending	$	130,584	$	2,299		$	3,945		$	194	$	137,022
December 31, 2015
	Commercial		$	93,364	$	2,029		$	3,089		$	90	$	98,572
	Commercial real estate			26,729		120			481			5		27,335
	Equipment lease financing			7,230		87			150			1		7,468
	Purchased impaired loans					6			157			6		169
		Total commercial lending	$	127,323	$	2,242		$	3,877		$	102	$	133,544
(a)	Based upon PDs and LGDs. We apply a split rating classification to certain loans meeting threshold criteria. By assigning a split classification, a loan's exposure amount may be split into more than one classification category in the above table.
(b)	Loans are included above based on the Regulatory Classification definitions of "Pass", "Special Mention", "Substandard" and "Doubtful".
(c)	Special Mention rated loans have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of repayment prospects at some future date. These loans do not expose us to sufficient risk to warrant a more adverse classification at this time.
(d)	Substandard rated loans have a well-defined weakness or weaknesses that jeopardize the collection or liquidation of debt. They are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected.
(e)	Doubtful rated loans possess all the inherent weaknesses of a Substandard loan with the additional characteristics that the weakness makes collection or liquidation in full improbable due to existing facts, conditions, and values.

Home Equity and Residential Real Estate Balances

Table 49: Home Equity and Residential Real Estate Balances
			June 30		December 31
In millions				2016		2015
	Home equity and residential real estate loans - excluding purchased impaired loans (a)		$	41,750	$	42,268
	Home equity and residential real estate loans - purchased impaired loans (b)			3,379		3,684
	Government insured or guaranteed residential real estate mortgages (a)			834		923
	Difference between outstanding balance and recorded investment in purchased impaired loans			(281)		(331)
		Total home equity and residential real estate loans (a)	$	45,682	$	46,544
(a)	Represents recorded investment.
(b)	Represents outstanding balance.

Home Equity and Residential Real Estate Asset Quality Indicators

Table 50: Home Equity and Residential Real Estate Asset Quality Indicators – Excluding Purchased Impaired Loans (a) (b)
			Home Equity				Residential Real Estate
June 30, 2016 - in millions			1st Liens		2nd Liens				Total
Current estimated LTV ratios (c)
	Greater than or equal to 125% and updated FICO scores:
		Greater than 660	$	213	$	815	$	227	$	1,255
		Less than or equal to 660 (d) (e)		35		148		51		234
		Missing FICO		1		6		9		16
	Greater than or equal to 100% to less than 125% and updated FICO scores:
		Greater than 660		553		1,541		444		2,538
		Less than or equal to 660 (d) (e)		78		260		105		443
		Missing FICO		3		3		12		18
	Greater than or equal to 90% to less than 100% and updated FICO scores:
		Greater than 660		626		1,357		561		2,544
		Less than or equal to 660		81		203		82		366
		Missing FICO		1		2		16		19
	Less than 90% and updated FICO scores:
		Greater than 660		13,928		7,631		9,734		31,293
		Less than or equal to 660		1,257		842		600		2,699
		Missing FICO		24		12		287		323
	Missing LTV and updated FICO scores:
		Greater than 660						2		2
Total home equity and residential real estate loans			$	16,800	$	12,820	$	12,130	$	41,750

			Home Equity				Residential Real Estate
December 31, 2015 - in millions			1st Liens		2nd Liens				Total
Current estimated LTV ratios (c)
	Greater than or equal to 125% and updated FICO scores:
		Greater than 660	$	283	$	960	$	284	$	1,527
		Less than or equal to 660 (d) (e)		40		189		68		297
		Missing FICO		1		8		5		14
	Greater than or equal to 100% to less than 125% and updated FICO scores:
		Greater than 660		646		1,733		564		2,943
		Less than or equal to 660 (d) (e)		92		302		102		496
		Missing FICO		3		4		8		15
	Greater than or equal to 90% to less than 100% and updated FICO scores:
		Greater than 660		698		1,492		615		2,805
		Less than or equal to 660		88		226		94		408
		Missing FICO		1		3		10		14
	Less than 90% and updated FICO scores:
		Greater than 660		13,895		7,808		9,117		30,820
		Less than or equal to 660		1,282		923		570		2,775
		Missing FICO		31		18		105		154
Total home equity and residential real estate loans			$	17,060	$	13,666	$	11,542	$	42,268
(a)	Excludes purchased impaired loans of approximately $3.1 billion and $3.4 billion in recorded investment, certain government insured or guaranteed residential real estate mortgages of approximately $.8 billion and $.9 billion, and loans held for sale at June 30, 2016 and December 31, 2015, respectively. See the Home Equity and Residential Real Estate Asset Quality Indicators - Purchased Impaired Loans table below for additional information on purchased impaired loans.
(b)	Amounts shown represent recorded investment.
(c)	Based upon updated LTV (inclusive of combined loan-to-value (CLTV) for first and subordinate lien positions). Updated LTV is estimated using modeled property values. These ratios are updated at least semi-annually. The related estimates and inputs are based upon an approach that uses a combination of third-party automated valuation models (AVMs), broker price opinions (BPOs), HPI indices, property location, internal and external balance information, origination data and management assumptions. We generally utilize origination lien balances provided by a third-party, where applicable, which do not include an amortization assumption when calculating updated LTV. Accordingly, the results of these calculations do not represent actual appraised loan level collateral or updated LTV based upon lien balances held by others, and as such, are necessarily imprecise and subject to change as we enhance our methodology.
(d)	Higher risk loans are defined as loans with both an updated FICO score of less than or equal to 660 and an updated LTV greater than or equal to 100%.
(e)	The following states had the highest percentage of higher risk loans at June 30, 2016: New Jersey 16%, Pennsylvania 12%, Illinois 11%, Ohio 11%, Florida 7%, Maryland 7% and Michigan 4%. The remainder of the states had lower than 4% of the higher risk loans individually, and collectively they represent approximately 32% of the higher risk loans. The following states had the highest percentage of higher risk loans at December 31, 2015: New Jersey 14%, Pennsylvania 12%, Illinois 11%, Ohio 11%, Florida 7%, Maryland 7% and Michigan 5%. The remainder of the states had lower than 4% of the high risk loans individually, and collectively they represent approximately 33% of the higher risk loans.

Table 51: Home Equity and Residential Real Estate Asset Quality Indicators – Purchased Impaired Loans (a)
			Home Equity (b) (c)				Residential Real Estate (b) (c)
June 30, 2016 - in millions			1st Liens		2nd Liens				Total
Current estimated LTV ratios (d)
	Greater than or equal to 125% and updated FICO scores:
		Greater than 660	$	5	$	138	$	162	$	305
		Less than or equal to 660		5		62		60		127
		Missing FICO				2		4		6
	Greater than or equal to 100% to less than 125% and updated FICO scores:
		Greater than 660		9		314		165		488
		Less than or equal to 660		8		126		104		238
		Missing FICO				2		6		8
	Greater than or equal to 90% to less than 100% and updated FICO scores:
		Greater than 660		8		158		122		288
		Less than or equal to 660		5		71		66		142
		Missing FICO				1		3		4
	Less than 90% and updated FICO scores:
		Greater than 660		116		325		609		1,050
		Less than or equal to 660		81		168		421		670
		Missing FICO		1		3		26		30
	Missing LTV and updated FICO scores:
		Greater than 660		2				15		17
		Less than or equal to 660		1				4		5
		Missing FICO						1		1
Total home equity and residential real estate loans			$	241	$	1,370	$	1,768	$	3,379

			Home Equity (b) (c )				Residential Real Estate (b) (c)
December 31, 2015 - in millions			1st Liens		2nd Liens				Total
Current estimated LTV ratios (d)
	Greater than or equal to 125% and updated FICO scores:
		Greater than 660	$	6	$	164	$	147	$	317
		Less than or equal to 660		6		79		76		161
		Missing FICO				7		5		12
	Greater than or equal to 100% to less than 125% and updated FICO scores:
		Greater than 660		12		331		186		529
		Less than or equal to 660		9		145		118		272
		Missing FICO				8		7		15
	Greater than or equal to 90% to less than 100% and updated FICO scores:
		Greater than 660		10		167		133		310
		Less than or equal to 660		6		75		68		149
		Missing FICO				4		3		7
	Less than 90% and updated FICO scores:
		Greater than 660		106		345		665		1,116
		Less than or equal to 660		91		182		455		728
		Missing FICO		1		13		31		45
	Missing LTV and updated FICO scores:
		Greater than 660		1				14		15
		Less than or equal to 660		1				6		7
		Missing FICO						1		1
Total home equity and residential real estate loans			$	249	$	1,520	$	1,915	$	3,684
(a)	Amounts shown represent outstanding balance.
(b)	For the estimate of cash flows utilized in our purchased impaired loan accounting, other assumptions and estimates are made, including amortization of first lien balances, pre-payment rates, etc., which are not reflected in this table.
(c)	The following states had the highest percentage of purchased impaired loans at June 30, 2016: California 16%, Florida 14%, Illinois 11%, Ohio 9%, North Carolina 7%, and Michigan 5%. The remainder of the states had lower than a 4% concentration of purchased impaired loans individually, and collectively they represent approximately 38% of the purchased impaired portfolio. The following states had the highest percentage of purchased impaired loans at December 31, 2015: California 16%, Florida 14%, Illinois 11%, Ohio 9%, North Carolina 7% and Michigan 5%. The remainder of the states had lower than a 4% concentration of purchased impaired loans individually, and collectively they represent approximately 38% of the purchased impaired portfolio.
(d)	Based upon updated LTV (inclusive of combined loan-to-value (CLTV) for first and subordinate lien positions). Updated LTV is estimated using modeled property values. These ratios are updated at least semi-annually. The related estimates and inputs are based upon an approach that uses a combination of third-party automated valuation models (AVMs), broker price opinions (BPOs), HPI indices, property location, internal and external balance information, origination data and management assumptions. We generally utilize origination lien balances provided by a third-party, where applicable, which do not include an amortization assumption when calculating updated LTV. Accordingly, the results of these calculations do not represent actual appraised loan level collateral or updated LTV based upon lien balances held by others, and as such, are necessarily imprecise and subject to change as we enhance our methodology.

Credit Card and Other Consumer Loan Classes Asset Quality Indicators

Table 52: Credit Card and Other Consumer Loan Classes Asset Quality Indicators
		Credit Card (a)				Other Consumer (b)
				% of Total Loans				% of Total Loans
				Using FICO				Using FICO
Dollars in millions			Amount	Credit Metric			Amount	Credit Metric
June 30, 2016
	FICO score greater than 719	$	2,979	61	%	$	9,765	66	%
	650 to 719		1,362	28			3,594	24
	620 to 649		196	4			507	3
	Less than 620		207	4			584	4
	No FICO score available or required (c)		152	3			368	3
Total loans using FICO credit metric			4,896	100	%		14,818	100	%
	Consumer loans using other internal credit metrics (b)						6,638
Total loan balance		$	4,896			$	21,456
Weighted-average updated FICO score (d)				735				746
December 31, 2015
	FICO score greater than 719	$	2,936	60	%	$	9,371	65	%
	650 to 719		1,346	28			3,534	24
	620 to 649		202	4			523	4
	Less than 620		227	5			604	4
	No FICO score available or required (c)		151	3			501	3
Total loans using FICO credit metric			4,862	100	%		14,533	100	%
	Consumer loans using other internal credit metrics (b)						7,213
Total loan balance		$	4,862			$	21,746
Weighted-average updated FICO score (d)				734				744
(a)	At June 30, 2016, we had $32 million of credit card loans that are higher risk (i.e., loans with both updated FICO scores less than 660 and in late stage (90+ days) delinquency status). The majority of the June 30, 2016 balance related to higher risk credit card loans was geographically distributed throughout the following areas: Ohio 17%, Pennsylvania 16%, Michigan 8%, New Jersey 8%, Florida 7%, Illinois 6%, Maryland 5%, Kentucky 4%, and Indiana 4%. All other states had less than 4% individually and make up the remainder of the balance. At December 31, 2015, we had $34 million of credit card loans that are higher risk. The majority of the December 31, 2015 balance related to higher risk credit card loans was geographically distributed throughout the following areas: Ohio 17%, Pennsylvania 15%, Michigan 8%, New Jersey 8%, Florida 7%, Illinois 6%, Indiana 6%, Maryland 4% and North Carolina 4%. All other states had less than 4% individually and make up the remainder of the balance.
(b)	Other consumer loans for which updated FICO scores are used as an asset quality indicator include non-government guaranteed or insured education loans, automobile
	loans and other secured and unsecured lines and loans. Other consumer loans for which other internal credit metrics are used as an asset quality indicator include primarily
	government guaranteed or insured education loans, as well as consumer loans to high net worth individuals. Other internal credit metrics may include delinquency status,
	geography or other factors.
(c)	Credit card loans and other consumer loans with no FICO score available or required generally refers to new accounts issued to borrowers with limited credit history, accounts for which we cannot obtain an updated FICO score (e.g., recent profile changes), cards issued with a business name, and/or cards secured by collateral. Management proactively assesses the risk and size of this loan portfolio and, when necessary, takes actions to mitigate the credit risk.
(d)	Weighted-average updated FICO score excludes accounts with no FICO score available or required.

Summary of Troubled Debt Restructurings

Troubled Debt Restructurings (TDRs)
Table 53: Summary of Troubled Debt Restructurings
		June 30		December 31
In millions			2016		2015
Total commercial lending		$	588	$	434
Total consumer lending			1,860		1,917
	Total TDRs	$	2,448	$	2,351
Nonperforming		$	1,240	$	1,119
Accruing (a)			1,208		1,232
	Total TDRs	$	2,448	$	2,351
(a)	Accruing loans include consumer credit card loans and loans that have demonstrated a period of at least six months of performance under the restructured terms and are excluded from nonperforming loans. Loans where borrowers have been discharged from personal liability through Chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to PNC and loans to borrowers not currently obligated to make both principal and interest payments under the restructured terms are not returned to accrual status.

Financial Impact and TDRs by Concession Type

Table 54: Financial Impact and TDRs by Concession Type (a)
				Pre-TDR		Post-TDR Recorded Investment (c)
During the three months ended June 30, 2016		Number		Recorded			Principal		Rate
Dollars in millions		of Loans		Investment (b)			Forgiveness (d)		Reduction (e)		Other (f)		Total
Total commercial lending			30	$	204				$	42	$	141	$	183
Total consumer lending			2,670		57					38		16		54
	Total TDRs		2,700	$	261				$	80	$	157	$	237
During the three months ended June 30, 2015
Dollars in millions
Total commercial lending			37	$	42		$	4	$	3	$	21	$	28
Total consumer lending			2,769		86					47		36		83
	Total TDRs		2,806	$	128		$	4	$	50	$	57	$	111

Table 54: Financial Impact and TDRs by Concession Type (Continued) (a)
				Pre-TDR		Post-TDR Recorded Investment (c)
During the six months ended June 30, 2016		Number		Recorded			Principal		Rate
Dollars in millions		of Loans		Investment (b)			Forgiveness (d)		Reduction (e)		Other (f)		Total
Total commercial lending			72	$	372				$	52	$	283	$	335
Total consumer lending			5,635		125					82		36		118
	Total TDRs		5,707	$	497				$	134	$	319	$	453
During the six months ended June 30, 2015
Dollars in millions
Total commercial lending (d)			75	$	105		$	6	$	3	$	72	$	81
Total consumer lending			5,386		155					88		61		149
	Total TDRs		5,461	$	260		$	6	$	91	$	133	$	230
(a)	Impact of partial charge-offs at TDR date are included in this table.
(b)	Represents the recorded investment of the loans as of the quarter end prior to TDR designation, and excludes immaterial amounts of accrued interest receivable.
(c)	Represents the recorded investment of the TDRs as of the end of the quarter in which the TDR occurs, and excludes immaterial amounts of accrued interest receivable.
(d)	Includes principal forgiveness and accrued interest forgiveness. These types of TDRs result in a write down of the recorded investment and a charge-off if such action has not already taken place.
(e)	Includes reduced interest rate and interest deferral. The TDRs within this category result in reductions to future interest income.
(f)	Primarily includes consumer borrowers that have been discharged from personal liability through Chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to PNC, as well as postponement/reduction of scheduled amortization and contractual extensions for both consumer and commercial borrowers.

Impaired Loans

Table 55: Impaired Loans
			Unpaid							Average
			Principal		Recorded		Associated			Recorded
In millions			Balance		Investment		Allowance (a)			Investment (b)
June 30, 2016
	Impaired loans with an associated allowance
		Commercial	$	661	$	489		$	140	$	395
		Commercial real estate		200		97			27		110
		Home equity		919		875			196		904
		Residential real estate		246		245			31		258
		Credit card		104		104			26		106
		Other consumer		27		24			1		25
	Total impaired loans with an associated allowance		$	2,157	$	1,834		$	421	$	1,798
	Impaired loans without an associated allowance
		Commercial	$	328	$	230				$	222
		Commercial real estate		201		144					152
		Home equity		471		215					200
		Residential real estate		509		389					389
		Other consumer		23		8					8
	Total impaired loans without an associated allowance		$	1,532	$	986				$	971
	Total impaired loans		$	3,689	$	2,820		$	421	$	2,769
December 31, 2015
	Impaired loans with an associated allowance
		Commercial	$	442	$	337		$	84	$	306
		Commercial real estate		254		130			35		197
		Home equity		978		909			216		965
		Residential real estate		272		264			35		359
		Credit card		108		108			24		118
		Other consumer		31		26			1		32
	Total impaired loans with an associated allowance		$	2,085	$	1,774		$	395	$	1,977
	Impaired loans without an associated allowance
		Commercial	$	201	$	118				$	87
		Commercial real estate		206		158					168
		Home equity		464		206					158
		Residential real estate		512		396					346
		Other consumer		24		8					8
	Total impaired loans without an associated allowance		$	1,407	$	886				$	767
	Total impaired loans		$	3,492	$	2,660		$	395	$	2,744
(a)	Associated allowance amounts include $.4 billion and $.3 billion for TDRs at June 30, 2016 and December 31, 2015, respectively.
(b)	Average recorded investment is for the six months ended June 30, 2016 and the year ended December 31, 2015, respectively.

XML

Allowances for Loan and Lease Losses and Unfunded Loan Commitments and Letters Of Credit (Tables)

6 Months Ended

Jun. 30, 2016

Allowance For Loan And Lease Losses [Abstract]

Rollforward of Allowance for Loan and Lease Losses and Associated Loan Data

Table 56: Rollforward of Allowance for Loan and Lease Losses and Associated Loan Data
				Commercial			Consumer
In millions				Lending			Lending				Total
June 30, 2016
	Allowance for Loan and Lease Losses
		January 1		$	1,605		$	1,122		$	2,727
		Charge-offs			(187)			(262)			(449)
		Recoveries			88			78			166
			Net (charge-offs) / recoveries		(99)			(184)			(283)
		Provision for credit losses			153			126			279
		Net change in allowance for unfunded loan commitments and letters of credit			(41)			(1)			(42)
		Net recoveries of purchased impaired loans						4			4
			June 30	$	1,618		$	1,067		$	2,685
		TDRs individually evaluated for impairment		$	103		$	254		$	357
		Other loans individually evaluated for impairment			64						64
		Loans collectively evaluated for impairment			1,407			532			1,939
		Purchased impaired loans			44			281			325
			June 30	$	1,618		$	1,067		$	2,685
	Loan Portfolio
		TDRs individually evaluated for impairment (a)		$	588		$	1,860		$	2,448
		Other loans individually evaluated for impairment			372						372
		Loans collectively evaluated for impairment (b)			135,924			66,225			202,149
		Fair value option loans (c)						851			851
		Purchased impaired loans			138			3,098			3,236
			June 30	$	137,022		$	72,034		$	209,056
	Portfolio segment ALLL as a percentage of total ALLL				60	%		40	%		100	%
	Ratio of the allowance for loan and lease losses to total loans (d)				1.18	%		1.48	%		1.28	%
June 30, 2015
	Allowance for Loan and Lease Losses
		January 1		$	1,571		$	1,760		$	3,331
		Charge-offs			(108)			(284)			(392)
		Recoveries			134			88			222
			Net charge-offs		26			(196)			(170)
		Provision for credit losses			20			80			100
		Net change in allowance for unfunded loan commitments and letters of credit			13						13
		Other			(2)						(2)
			June 30	$	1,628		$	1,644		$	3,272
		TDRs individually evaluated for impairment		$	35		$	274		$	309
		Other loans individually evaluated for impairment			65						65
		Loans collectively evaluated for impairment			1,461			582			2,043
		Purchased impaired loans			67			788			855
			June 30	$	1,628		$	1,644		$	3,272
	Loan Portfolio
		TDRs individually evaluated for impairment (a)		$	414		$	2,002		$	2,416
		Other loans individually evaluated for impairment			282						282
		Loans collectively evaluated for impairment (b)			129,791			67,258			197,049
		Fair value option loans (c)						941			941
		Purchased impaired loans			235			4,230			4,465
			June 30	$	130,722		$	74,431		$	205,153
	Portfolio segment ALLL as a percentage of total ALLL				50	%		50	%		100	%
	Ratio of the allowance for loan and lease losses to total loans				1.25	%		2.21	%		1.59	%
(a)	TDRs individually evaluated for impairment exclude TDRs that were subsequently accounted for as held for sale loans, but continue to be disclosed as TDRs.
(b)	Includes $149 million of loans collectively evaluated for impairment based upon collateral values and written down to the respective collateral value less costs to sell at June 30,
	2016. Accordingly, there is no allowance recorded on these loans. The comparative amount as of June 30, 2015 was $174 million.
(c)	Loans accounted for under the fair value option are not evaluated for impairment as these loans are accounted for at fair value. Accordingly, there is no allowance recorded on these loans.
(d)	See Note 1 Accounting Policies in our 2015 Form 10-K for information on our change in derecognition policy effective December 31, 2015 for certain purchased impaired loans.

Rollforward of Allowance for Unfunded Loan Commitments and Letters of Credit

Table 57: Rollforward of Allowance for Unfunded Loan Commitments and Letters of Credit
In millions		2016		2015
January 1	$	261	$	259
Net change in allowance for unfunded loan commitments and letters of credit		42		(13)
June 30	$	303	$	246

XML

Investment Securities (Tables)

6 Months Ended

Jun. 30, 2016

Investment Securities Disclosure [Abstract]

Investment Securities Summary

NOTE 5 INVESTMENT SECURITIES
Table 58: Investment Securities Summary
			Amortized		Unrealized						Fair
In millions			Cost		Gains			Losses			Value
June 30, 2016
Securities Available for Sale
Debt securities
	U.S. Treasury and government agencies		$	9,794		$	323	$	(19)	$	10,098
	Residential mortgage-backed
		Agency		25,216			568		(16)		25,768
		Non-agency		3,555			214		(80)		3,689
	Commercial mortgage-backed
		Agency		1,740			26		(3)		1,763
		Non-agency		4,559			70		(25)		4,604
	Asset-backed			5,682			55		(40)		5,697
	State and municipal			1,984			119		(3)		2,100
	Other debt			2,616			69		(4)		2,681
		Total debt securities		55,146			1,444		(190)		56,400
Corporate stocks and other				483			1				484
	Total securities available for sale		$	55,629		$	1,445	$	(190)	$	56,884
Securities Held to Maturity (a)
Debt securities
	U.S. Treasury and government agencies		$	263		$	68			$	331
	Residential mortgage-backed
		Agency		10,058			245	$	(3)		10,300
		Non-agency		217			14				231
	Commercial mortgage-backed
		Agency		1,109			46				1,155
		Non-agency		612			26				638
	Asset-backed			705					(8)		697
	State and municipal			1,931			175				2,106
	Other debt			22							22
	Total securities held to maturity		$	14,917		$	574	$	(11)	$	15,480
December 31, 2015
Securities Available for Sale
Debt securities
	U.S. Treasury and government agencies		$	9,764		$	152	$	(42)	$	9,874
	Residential mortgage-backed
		Agency		24,698			250		(128)		24,820
		Non-agency		3,992			247		(88)		4,151
	Commercial mortgage-backed
		Agency		1,917			11		(10)		1,918
		Non-agency		4,902			30		(29)		4,903
	Asset-backed			5,417			54		(48)		5,423
	State and municipal			1,982			79		(5)		2,056
	Other debt			2,007			31		(12)		2,026
		Total debt securities		54,679			854		(362)		55,171
Corporate stocks and other				590					(1)		589
	Total securities available for sale		$	55,269		$	854	$	(363)	$	55,760
Securities Held to Maturity (a)
Debt securities
	U.S. Treasury and government agencies		$	258		$	40			$	298
	Residential mortgage-backed
		Agency		9,552			101	$	(65)		9,588
		Non-agency		233			8				241
	Commercial mortgage-backed
		Agency		1,128			40				1,168
		Non-agency		722			6		(1)		727
	Asset-backed			717					(10)		707
	State and municipal			1,954			116				2,070
	Other debt			204					(1)		203
	Total securities held to maturity		$	14,768		$	311	$	(77)	$	15,002
(a)	Held to maturity securities transferred from available for sale are recorded in held to maturity at fair value at the time of transfer. The amortized cost of held to maturity securities included net unrealized gains of $84 million and $97 million at June 30, 2016 and December 31, 2015, respectively, related to securities transferred, which are offset in Accumulated Other Comprehensive Income, net of tax.

Gross Unrealized Loss and Fair Value of Securities Available for Sale

Table 59: Gross Unrealized Loss and Fair Value of Securities Available for Sale
				Unrealized loss position less					Unrealized loss position 12
In millions				than 12 months					months or more				Total
				Unrealized			Fair		Unrealized		Fair		Unrealized		Fair
				Loss			Value		Loss		Value		Loss		Value
June 30, 2016
Debt securities
	U.S. Treasury and government agencies				$	(6)	$	1,030	$	(13)	$	2,445	$	(19)	$	3,475
	Residential mortgage-backed
		Agency				(3)		662		(13)		879		(16)		1,541
		Non-agency				(6)		344		(74)		1,292		(80)		1,636
	Commercial mortgage-backed
		Agency				(2)		122		(1)		186		(3)		308
		Non-agency				(5)		1,006		(20)		1,169		(25)		2,175
	Asset-backed					(8)		1,081		(32)		1,567		(40)		2,648
	State and municipal					(3)		239		(a)		55		(3)		294
	Other debt					(2)		79		(2)		102		(4)		181
			Total debt securities			(35)		4,563		(155)		7,695		(190)		12,258
	Corporate stocks and other									(a)		15		(a)		15
			Total		$	(35)	$	4,563	$	(155)	$	7,710	$	(190)	$	12,273
December 31, 2015
Debt securities
	U.S. Treasury and government agencies				$	(40)	$	5,885	$	(2)	$	120	$	(42)	$	6,005
	Residential mortgage-backed
		Agency				(103)		11,799		(25)		1,094		(128)		12,893
		Non-agency				(3)		368		(85)		1,527		(88)		1,895
	Commercial mortgage-backed
		Agency				(7)		745		(3)		120		(10)		865
		Non-agency				(22)		2,310		(7)		807		(29)		3,117
	Asset-backed					(30)		3,477		(18)		494		(48)		3,971
	State and municipal					(3)		326		(2)		60		(5)		386
	Other debt					(8)		759		(4)		188		(12)		947
			Total debt securities			(216)		25,669		(146)		4,410		(362)		30,079
	Corporate stocks and other					(a)		46		(1)		15		(1)		61
			Total		$	(216)	$	25,715	$	(147)	$	4,425	$	(363)	$	30,140
(a)	The unrealized loss on these securities was less than $.5 million.

Gains (Losses) on Sales Of Securities Available for Sale

Table 60: Gains (Losses) on Sales of Securities Available for Sale
Six months ended June 30			Gross		Gross		Net		Tax
In millions	Proceeds		Gains		Losses		Gains		Expense
2016	$	2,093	$	14	$	(1)	$	13	$	5
2015	$	2,441	$	51	$	(1)	$	50	$	17

Contractual Maturity of Debt Securities

Table 61: Contractual Maturity of Debt Securities
June 30, 2016					After 1 Year			After 5 Years			After 10
Dollars in millions		1 Year or Less			through 5 Years			through 10 Years			Years			Total
Securities Available for Sale
U.S. Treasury and government agencies		$	445		$	5,014		$	3,260		$	1,075		$	9,794
Residential mortgage-backed
	Agency					129			849			24,238			25,216
	Non-agency					3						3,552			3,555
Commercial mortgage-backed
	Agency		6			122			282			1,330			1,740
	Non-agency		50			21			8			4,480			4,559
Asset-backed			13			1,801			1,833			2,035			5,682
State and municipal			2			147			349			1,486			1,984
Other debt			272			1,910			303			131			2,616
Total debt securities available for sale		$	788		$	9,147		$	6,884		$	38,327		$	55,146
Fair value		$	794		$	9,305		$	7,033		$	39,268		$	56,400
Weighted-average yield, GAAP basis			2.44	%		2.21	%		2.31	%		2.89	%		2.70	%
Securities Held to Maturity
U.S. Treasury and government agencies											$	263		$	263
Residential mortgage-backed
	Agency				$	11		$	382			9,665			10,058
	Non-agency											217			217
Commercial mortgage-backed
	Agency	$	157			774			121			57			1,109
	Non-agency											612			612
Asset-backed						2			589			114			705
State and municipal			4			57			979			891			1,931
Other debt						22									22
Total debt securities held to maturity		$	161		$	866		$	2,071		$	11,819		$	14,917
Fair value		$	161		$	901		$	2,184		$	12,234		$	15,480
Weighted-average yield, GAAP basis			3.25	%		3.47	%		3.27	%		3.40	%		3.39	%

Fair Value of Securities Pledged and Accepted as Collateral

Table 62: Fair Value of Securities Pledged and Accepted as Collateral
		June 30			December 31
In millions		2016			2015
Pledged to others			$	9,699		$	9,674
Accepted from others:
	Permitted by contract or custom to sell or repledge		$	1,183		$	1,100
	Permitted amount repledged to others		$	1,023		$	943

XML

Fair Value (Tables)

6 Months Ended

Jun. 30, 2016

Fair Value [Abstract]

Fair Value Measurements - Recurring Basis Summary

Table 63: Fair Value Measurements - Recurring Basis Summary
					June 30, 2016								December 31, 2015
											Total								Total
In millions				Level 1		Level 2		Level 3		Fair Value			Level 1	Level 2		Level 3		Fair Value
Assets
	Securities available for sale
		U.S. Treasury and government agencies		$	9,483	$	615			$	10,098	$	9,267	$	607			$	9,874
		Residential mortgage-backed
			Agency				25,768				25,768				24,820				24,820
			Non-agency				132	$	3,557		3,689				143	$	4,008		4,151
		Commercial mortgage-backed
			Agency				1,763				1,763				1,918				1,918
			Non-agency				4,604				4,604				4,903				4,903
		Asset-backed					5,261		436		5,697				4,941		482		5,423
		State and municipal					2,085		15		2,100				2,041		15		2,056
		Other debt					2,648		33		2,681				1,996		30		2,026
			Total debt securities		9,483		42,876		4,041		56,400		9,267		41,369		4,535		55,171
		Corporate stocks and other			421		63				484		527		62				589
			Total securities available for sale		9,904		42,939		4,041		56,884		9,794		41,431		4,535		55,760
	Financial derivatives (a) (b)
		Interest rate contracts					7,761		47		7,808				4,626		29		4,655
		Other contracts					415		4		419				284		2		286
			Total financial derivatives				8,176		51		8,227				4,910		31		4,941
	Residential mortgage loans held for sale (c)						1,110		6		1,116				838		5		843
	Trading securities (d)
		Debt			799		1,193		2		1,994		987		727		3		1,717
		Equity			12						12		9						9
			Total trading securities		811		1,193		2		2,006		996		727		3		1,726
	Residential mortgage servicing rights								774		774						1,063		1,063
	Commercial mortgage servicing rights								448		448						526		526
	Commercial mortgage loans held for sale (c)								981		981						641		641
	Equity investments - direct investments								1,120		1,120						1,098		1,098
	Equity investments - indirect investments (e) (f)								233		281								347
	Customer resale agreements (g)						137				137				137				137
	Loans (h)						534		317		851				565		340		905
	Other assets
		BlackRock Series C Preferred Stock (i)							209		209						357		357
		Other			254		165		6		425		254		199		7		460
			Total other assets		254		165		215		634		254		199		364		817
		Total assets		$	10,969	$	54,254	$	8,188	$	73,459	$	11,044	$	48,807	$	8,606	$	68,804
Liabilities
	Financial derivatives (b) (j)
		Interest rate contracts		$	3	$	5,455	$	11	$	5,469	$	1	$	3,124	$	7	$	3,132
		BlackRock LTIP							209		209						357		357
		Other contracts					225		165		390				204		109		313
			Total financial derivatives		3		5,680		385		6,068		1		3,328		473		3,802
	Trading securities sold short (k)
		Debt			1,036		10				1,046		960		27				987
			Total trading securities sold short		1,036		10				1,046		960		27				987
	Other borrowed funds						62		8		70				81		12		93
	Other liabilities								13		13						10		10
		Total liabilities		$	1,039	$	5,752	$	406	$	7,197	$	961	$	3,436	$	495	$	4,892
(a)		Included in Other assets on the Consolidated Balance Sheet.
(b)		Amounts at June 30, 2016 and December 31, 2015, are presented gross and are not reduced by the impact of legally enforceable master netting agreements that allow PNC to net positive and negative positions and cash collateral held or placed with the same counterparty. At June 30, 2016 and December 31, 2015, the net asset amounts were $3.0 billion and $1.8 billion, respectively, and the net liability amounts were $.6 billion and $.6 billion, respectively.
(c)		Included in Loans held for sale on the Consolidated Balance Sheet. PNC has elected the fair value option for certain residential and commercial mortgage loans held for sale.
(d)		Fair value includes net unrealized gains of $79 million at June 30, 2016 compared with net unrealized gains of $23 million at December 31, 2015.
(e)		In accordance with ASC 820-10, certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented on the Consolidated Balance Sheet.
(f)		The indirect equity funds are not redeemable, but PNC receives distributions over the life of the partnership from liquidation of the underlying investments by the investee, which we expect to occur over the next twelve years. The amount of unfunded contractual commitments as of June 30, 2016 related to indirect equity investments was $109 million and related to direct equity investments was $22 million, respectively. Comparable amounts at December 31, 2015 were $103 million and $23 million, respectively.
(g)		Included in Federal funds sold and resale agreements on the Consolidated Balance Sheet. PNC has elected the fair value option for these items.
(h)		Included in Loans on the Consolidated Balance Sheet.
(i)		PNC has elected the fair value option for these shares.
(j)		Included in Other liabilities on the Consolidated Balance Sheet.
(k)		Included in Other borrowed funds on the Consolidated Balance Sheet.

Reconciliation of Level 3 Assets and Liabilities

Reconciliations of assets and liabilities measured at fair value on a recurring basis using Level 3 inputs for the three and six months ended June 30, 2016 and 2015 follow:
Table 64: Reconciliation of Level 3 Assets and Liabilities
Three Months Ended June 30, 2016
																											Unrealized
																											gains / losses
								Total realized / unrealized																			on assets and
							gains or losses for the period (a)																				liabilities held on
											Included																Consolidated
Level 3 Instruments					Fair Value						in Other										Transfers		Transfers		Fair Value		Balance Sheet
	Only				Mar. 31,			Included in			comprehensive										into		out of		June 30,		at June 30,
In millions					2016			Earnings			income		Purchases		Sales		Issuances		Settlements		Level 3		Level 3		2016		2016 (a) (b)
Assets
	Securities available for
		sale
		Residential mortgage-
			backed non-agency		$	3,810		$	11		$	17			$	(60)			$	(221)					$	3,557
		Asset-backed				451			3			4								(22)						436
		State and municipal				14						1														15
		Other debt				30							$	7		(2)				(2)						33
			Total securities
				available for sale		4,305			14			22		7		(62)				(245)						4,041
	Financial derivatives					41			35					1						(26)						51	$	32
	Residential mortgage
		loans held for sale				4								3							$	3	$	(4)		6
	Trading securities - Debt					2																				2
	Residential mortgage
		servicing rights				863			(113)					53			$	12		(41)						774		(113)
	Commercial mortgage
		servicing rights				460			(9)					6				14		(23)						448		(9)
	Commercial mortgage
		loans held for sale				655			21							(805)		1,129		(19)						981		12
	Equity investments
		Direct investments				1,156			15					95		(146)										1,120		13
		Indirect investments																				233	(c)			233
	Loans					329			1					22		(6)				(17)				(12)		317		1
	Other assets
		BlackRock Series C
			Preferred Stock			208			1																	209		1
		Other				6																				6
			Total other assets			214			1																	215		1
				Total assets	$	8,029		$	(35)	(d)	$	22	$	187	$	(1,019)	$	1,155	$	(371)	$	236	$	(16)	$	8,188	$	(63)	(e)
Liabilities
	Financial derivatives (f)				$	333		$	62						$	1			$	(11)					$	385	$	65
	Other borrowed funds					8											$	17		(17)						8
	Other liabilities					14			1									34		(36)						13
				Total liabilities	$	355		$	63	(d)					$	1	$	51	$	(64)					$	406	$	65	(e)

Three Months Ended June 30, 2015
																												Unrealized
																												gains / losses
									Total realized / unrealized																			on assets and
								gains or losses for the period (a)																				liabilities held on
												Included																Consolidated
Level 3 Instruments						Fair Value			Included			in Other										Transfers		Transfers		Fair Value		Balance Sheet
	Only				Mar. 31,				in			comprehensive										into		out of		June 30,		at June 30,
In millions						2015			Earnings			income		Purchases		Sales		Issuances		Settlements		Level 3		Level 3		2015		2015 (a) (b)
Assets
	Securities available for
		sale
		Residential mortgage-
			backed non-agency			$	4,624		$	30		$	(8)							$	(222)					$	4,424
		Commercial mortgage-
			backed non-agency							1											(1)
		Asset-backed					548			5			5								(27)						531
		State and municipal					133														(117)						16
		Other debt					33																				33
			Total securities
				available for sale			5,338			36			(3)								(367)						5,004
	Financial derivatives						54			16											(34)						36	$	33
	Residential mortgage
		loans held for sale					7							$	11	$	(2)				(1)	$	1	$	(6)		10
	Trading securities - Debt						3																				3
	Residential mortgage
		servicing rights					839			135					67			$	21		(47)						1,015		134
	Commercial mortgage
		servicing rights					494			34					17				20		(22)						543		34
	Commercial mortgage
		loans held for sale					975			23							(1,215)		1,008		(34)						757
	Equity investments -
		direct investments					1,149			27					95		(80)										1,191		22
	Loans						383			5					23		(4)				(35)		6		(13)		365		1
	Other assets
		BlackRock Series C
			Preferred Stock				384			(21)																	363		(21)
		Other					10										(2)				(1)						7
			Total other assets				394			(21)							(2)				(1)						370		(21)
				Total assets		$	9,636		$	255	(d)	$	(3)	$	213	$	(1,303)	$	1,049	$	(541)	$	7	$	(19)	$	9,294	$	203	(e)
Liabilities
	Financial derivatives (f)					$	529		$	(15)						$	1			$	(17)					$	498	$	(25)
	Other borrowed funds						171			3								$	21		(30)						165
	Other liabilities						10																				10
				Total liabilities		$	710		$	(12)	(d)					$	1	$	21	$	(47)					$	673	$	(25)	(e)

Six Months Ended June 30, 2016
																													Unrealized
								Total realized / unrealized																					gains / losses
								gains or losses for the period (a)																					on assets and
												Included																	liabilities held on
Level 3 Instruments					Fair Value							in Other										Transfers			Transfers		Fair Value		Consolidated
	Only				Dec. 31,				Included in			comprehensive										into			out of		June 30,		Balance Sheet
In millions					2015				Earnings			income		Purchases		Sales		Issuances		Settlements		Level 3			Level 3		2016		at June 30, 2016 (a) (b)
Assets
	Securities available
		for sale
		Residential mortgage-
			backed non-agency			$	4,008		$	33		$	(28)			$	(60)			$	(396)						$	3,557	$	(1)
		Asset-backed					482			6			(8)								(44)							436
		State and municipal					15																					15
		Other debt					30							$	9		(4)				(2)							33
			Total securities
				available for sale			4,535			39			(36)		9		(64)				(442)							4,041		(1)
	Financial derivatives						31			69					1						(50)							51		65
	Residential mortgage
		loans held for sale					5								6		(1)					$	5		$	(9)		6
	Trading securities - Debt						3														(1)							2
	Residential mortgage
		servicing rights					1,063			(339)					105			$	23		(78)							774		(336)
	Commercial mortgage
		servicing rights					526			(64)					9				23		(46)							448		(64)
	Commercial mortgage
		loans held for sale					641			37							(1,454)		1,776		(19)							981		13
	Equity investments
		Direct investments					1,098			66					118		(162)											1,120		63
		Indirect investments																					233	(c)				233
	Loans						340			3					55		(14)				(42)					(25)		317		2
	Other assets
		BlackRock Series C
			Preferred Stock				357			(10)											(138)							209		(10)
		Other					7			2			(2)				(1)											6
			Total other assets				364			(8)			(2)				(1)				(138)							215		(10)
				Total assets		$	8,606		$	(197)	(d)	$	(38)	$	303	$	(1,696)	$	1,822	$	(816)	$	238		$	(34)	$	8,188	$	(268)	(e)
Liabilities
	Financial derivatives (f)					$	473		$	69						$	3			$	(160)						$	385	$	69
	Other borrowed funds						12											$	40		(44)							8
	Other liabilities						10			1									72		(70)							13
				Total liabilities		$	495		$	70	(d)					$	3	$	112	$	(274)						$	406	$	69	(e)

Six Months Ended June 30, 2015
																											Unrealized
								Total realized / unrealized																			gains / losses
							gains or losses for the period (a)																				on assets and
											Included																liabilities held
Level 3 Instruments					Fair Value			Included			in Other										Transfers		Transfers		Fair Value		on Consolidated
	Only				Dec. 31,			in			comprehensive										into		out of		June 30,		Balance Sheet at
In millions					2014			Earnings			income		Purchases		Sales		Issuances		Settlements		Level 3		Level 3		2015		June 30, 2015 (a) (b)
Assets
	Securities available
		for sale
		Residential mortgage-
			backed non-agency		$	4,798		$	55		$	(22)							$	(407)					$	4,424	$	(1)
		Commercial mortgage-
			backed non-agency						8											(8)
		Asset-backed				563			11			9								(52)						531
		State and municipal				134						(1)								(117)						16
		Other debt				30			1				$	3						(1)						33
			Total securities
				available for sale		5,525			75			(14)		3						(585)						5,004		(1)
	Financial derivatives					42			87					1						(94)						36		76
	Residential mortgage
		loans held for sale				6								17	$	(2)				(1)	$	2	$	(12)		10
	Trading securities - Debt					32														(29)						3
	Residential mortgage
		servicing rights				845			68					150			$	38		(86)						1,015		72
	Commercial mortgage
		servicing rights				506			18					28				34		(43)						543		18
	Commercial mortgage
		loans held for sale				893			44							(2,235)		2,091		(36)						757		2
	Equity investments -
		direct investments				1,152			56					138		(155)										1,191		40
	Loans					397			15					55		(8)				(72)		11		(33)		365		9
	Other assets
		BlackRock Series C
			Preferred Stock			375			(12)																	363		(12)
		Other				15										(7)				(1)						7
			Total other assets			390			(12)							(7)				(1)						370		(12)
				Total assets	$	9,788		$	351	(d)	$	(14)	$	392	$	(2,407)	$	2,163	$	(947)	$	13	$	(45)	$	9,294	$	204	(e)
Liabilities
	Financial derivatives (f)				$	526		$	26						$	1			$	(55)					$	498	$	(17)
	Other borrowed funds					181			3								$	46		(65)						165
	Other liabilities					9			1																	10
				Total liabilities	$	716		$	30	(d)					$	1	$	46	$	(120)					$	673	$	(17)	(e)
(a)			Losses for assets are bracketed while losses for liabilities are not.
(b)			The amount of the total gains or losses for the period included in earnings that is attributable to the change in unrealized gains or losses related to those assets and liabilities held at the end of the reporting period.
(c)			Reflects transfers into Level 3 associated with a change in valuation methodology.
(d)			Net losses (realized and unrealized) included in earnings relating to Level 3 assets and liabilities were $98 million for the second quarter of 2016, while for the first six months of 2016 there were $267 million of net losses (realized and unrealized) included in earnings. The comparative amounts included net gains (realized and unrealized) of $267 million for the second quarter of 2015 and net gains (realized and unrealized) of $321 million for the first six months of 2015. These amounts also included amortization and accretion. The amortization and accretion amounts were included in Interest income on the Consolidated Income Statement, and the remaining net gains/(losses) (realized and unrealized) were included in Noninterest income on the Consolidated Income Statement.
(e)			Net unrealized losses relating to those assets and liabilities held at the end of the reporting period were $128 million for the second quarter of 2016, while for the first six months of 2016 there were $337 million of net unrealized losses. The comparative amounts included net unrealized gains of $228 million for the second quarter of 2015 and net unrealized gains of $221 million for the first six months of 2015. These amounts were included in Noninterest income on the Consolidated Income Statement.
(f)			Includes swaps entered into in connection with sales of certain Visa Class B common shares.

Fair Value Measurements - Recurring Quantitative Information

Quantitative information about the significant unobservable inputs within Level 3 recurring assets and liabilities follows.
Table 65: Fair Value Measurements - Recurring Quantitative Information
June 30, 2016
Level 3 Instruments Only
Dollars in millions			Fair Value		Valuation Techniques		Unobservable Inputs		Range (Weighted Average)
	Residential mortgage-backed
		non-agency securities	$	3,557		Priced by a third-party vendor	Constant prepayment rate (CPR)			1.0%-24.2% (7.0%)	(a)
						using a discounted cash flow	Constant default rate (CDR)			0.0%-16.7% (5.4%)	(a)
						pricing model (a)	Loss severity			10.0%-98.5% (53.3%)	(a)
							Spread over the benchmark curve (b)			284bps weighted average	(a)
	Asset-backed securities			436		Priced by a third-party vendor	Constant prepayment rate (CPR)			1.0%-14.0% (6.3%)	(a)
						using a discounted cash flow	Constant default rate (CDR)			1.7%-13.9% (6.5%)	(a)
						pricing model (a)	Loss severity			24.2%-100% (78.1%)	(a)
							Spread over the benchmark curve (b)			394bps weighted average	(a)
	Residential mortgage servicing rights			774		Discounted cash flow	Constant prepayment rate (CPR)			0.0%-45.3% (19.2%)
							Spread over the benchmark curve (b)			252bps-1,828bps (865bps)
	Commercial mortgage servicing			448		Discounted cash flow	Constant prepayment rate (CPR)			6.3%-51.5% (8.2%)
		rights					Discount rate			5.0%-7.6% (7.4%)
	Commercial mortgage loans held			981		Discounted cash flow	Spread over the benchmark curve (b)			59bps-14,570bps (487bps)
		for sale					Estimated servicing cash flows			0.3%-5.6% (1.9%)
	Equity investments - Direct investments			1,120		Multiple of adjusted earnings	Multiple of earnings			4.5x-12.0x (7.4x)
	Equity investments - Indirect investments			233		Consensus pricing (c)	Liquidity discount			0.0%-40.0%
	Loans - Residential real estate			125		Consensus pricing (c)	Cumulative default rate			11.0%-100% (87.7%)
							Loss severity			0.0%-100% (24.7%)
							Discount rate			4.7%-6.7% (5.1%)
				104		Discounted cash flow	Loss severity			8.0% weighted average
							Discount rate			3.7% weighted average
	Loans - Home equity			88		Consensus pricing (c)	Credit and Liquidity discount			0.0%-99.0% (57.0%)
	BlackRock Series C Preferred Stock			209		Consensus pricing (c)	Liquidity discount			20.0%
	BlackRock LTIP			(209)		Consensus pricing (c)	Liquidity discount			20.0%
	Swaps related to sales of certain Visa			(158)		Discounted cash flow	Estimated conversion factor of
		Class B common shares						Class B shares into Class A shares		164.3%
							Estimated growth rate of Visa
								Class A share price		14.0%
	Insignificant Level 3 assets, net of
		liabilities (d)		74
Total Level 3 assets, net of liabilities (e)			$	7,782

December 31, 2015
Level 3 Instruments Only
Dollars in millions			Fair Value		Valuation Techniques		Unobservable Inputs		Range (Weighted Average)
	Residential mortgage-backed
		non-agency securities	$	4,008		Priced by a third-party vendor	Constant prepayment rate (CPR)			1.0%-24.2% (7.0%)	(a)
						using a discounted cash flow	Constant default rate (CDR)			0.0%-16.7% (5.4%)	(a)
						pricing model (a)	Loss severity			10.0%-98.5% (53.3%)	(a)
							Spread over the benchmark curve (b)			241bps weighted average	(a)
	Asset-backed securities			482		Priced by a third-party vendor	Constant prepayment rate (CPR)			1.0%-14.0% (6.3%)	(a)
						using a discounted cash flow	Constant default rate (CDR)			1.7%-13.9% (6.8%)	(a)
						pricing model (a)	Loss severity			24.2%-100.0% (77.5%)	(a)
							Spread over the benchmark curve (b)			324bps weighted average	(a)
	Residential mortgage servicing rights			1,063		Discounted cash flow	Constant prepayment rate (CPR)			0.3%-46.5% (10.6%)
							Spread over the benchmark curve (b)			559bps-1,883bps (893bps)
	Commercial mortgage servicing rights			526		Discounted cash flow	Constant prepayment rate (CPR)			3.9%-26.5% (5.7%)
							Discount rate			2.6%-7.7% (7.5%)
	Commercial mortgage loans held
		for sale		641		Discounted cash flow	Spread over the benchmark curve (b)			85bps-4,270bps (547bps)
							Estimated servicing cash flows			0.0%-7.0% (0.9%)
	Equity investments - Direct investments			1,098		Multiple of adjusted earnings	Multiple of earnings			4.2x-14.1x (7.6x)
	Loans - Residential real estate			123		Consensus pricing (c)	Cumulative default rate			2.0%-100.0% (85.1%)
							Loss severity			0.0%-100.0% (27.3%)
							Discount rate			4.9%-7.0% (5.2%)
				116		Discounted cash flow	Loss severity			8.0% weighted average
							Discount rate			3.9% weighted average
	Loans - Home equity			101		Consensus pricing (c)	Credit and Liquidity discount			26.0%-99.0% (54.0%)
	BlackRock Series C Preferred Stock			357		Consensus pricing (c)	Liquidity discount			20.0%
	BlackRock LTIP			(357)		Consensus pricing (c)	Liquidity discount			20.0%
	Swaps related to sales of certain			(104)		Discounted cash flow	Estimated conversion factor of
		Visa Class B common shares						Class B shares into Class A shares		164.3%
							Estimated growth rate of Visa Class
								A share price		16.3%
	Insignificant Level 3 assets, net of
		liabilities (d)		57
Total Level 3 assets, net of liabilities (e)			$	8,111
(a)		Level 3 residential mortgage-backed non-agency and asset-backed securities with fair values as of June 30, 2016 totaling $3,018 million and $405 million, respectively, were priced by a third-party vendor using a discounted cash flow pricing model that incorporates consensus pricing, where available. The comparable amounts as of December 31, 2015 were $3,379 million and $448 million, respectively. The significant unobservable inputs for these securities were provided by the third-party vendor and are disclosed in the table. Our procedures to validate the prices provided by the third-party vendor related to these securities are discussed further in the Assets and Liabilities Measured at Fair Value on a Recurring Basis section of Note 7 Fair Value in our 2015 Form 10-K. Certain Level 3 residential mortgage-backed non-agency and asset-backed securities with fair values as of June 30, 2016 of $539 million and $31 million, respectively, were valued using a pricing source, such as a dealer quote or comparable security price, for which the significant unobservable inputs used to determine the price were not reasonably available. The comparable amounts as of December 31, 2015 were $629 million and $34 million, respectively.
(b)		The assumed yield spread over the benchmark curve for each instrument is generally intended to incorporate non-interest-rate risks, such as credit and liquidity risks.
(c)		Consensus pricing refers to fair value estimates that are generally internally developed using information such as dealer quotes or other third-party provided valuations or comparable asset prices.
(d)		Represents the aggregate amount of Level 3 assets and liabilities measured at fair value on a recurring basis that are individually and in the aggregate insignificant. The amount includes certain financial derivative assets and liabilities, trading securities, state and municipal securities, other debt securities, residential mortgage loans held for sale, other assets, other borrowed funds (ROAPs) and other liabilities. For additional information, please see the Assets and Liabilities Measured at Fair Value on a Recurring Basis discussion included in Note 7 Fair Value in our 2015 Form 10-K.
(e)		Consisted of total Level 3 assets of $8,188 million and total Level 3 liabilities of $406 million as of June 30, 2016 and $8,606 million and $495 million as of December 31, 2015, respectively.

Fair Value Measurements - Nonrecurring

Table 66: Fair Value Measurements - Nonrecurring
								Gains (Losses)				Gains (Losses)
				Fair Value (a)				Three months ended				Six months ended
			June 30		December 31		June 30		June 30		June 30		June 30
In millions			2016		2015		2016		2015		2016		2015
Assets
	Nonaccrual loans		$	184	$	30	$	(51)	$	(15)	$	(58)	$	(15)
	OREO and foreclosed assets			103		137		(6)		(12)		(12)		(18)
	Insignificant assets (b)			7		28		(1)		(5)		(4)		(13)
		Total assets	$	294	$	195	$	(58)	$	(32)	$	(74)	$	(46)
(a)		All Level 3 as of June 30, 2016 and December 31, 2015.
(b)		Represents the aggregate amount of assets measured at fair value on a nonrecurring basis that are individually and in the aggregate insignificant. The amount includes certain equity investments and long-lived assets held for sale.

Fair Value Measurements - Nonrecurring Quantitative Information

Quantitative information about the significant unobservable inputs within Level 3 nonrecurring assets follows.
Table 67: Fair Value Measurements - Nonrecurring Quantitative Information
Level 3 Instruments Only
Dollars in millions			Fair Value		Valuation Techniques		Unobservable Inputs	Range (Weighted Average)
June 30, 2016
Assets
	Nonaccrual loans		$	82		LGD percentage (a)	Loss severity		3.2%-70.1% (32.2%)
				102		Fair value of property or collateral	Appraised value/sales price		Not meaningful
	OREO and foreclosed assets			103		Fair value of property or collateral	Appraised value/sales price		Not meaningful
	Insignificant assets			7
		Total assets	$	294
December 31, 2015
Assets
	Nonaccrual loans		$	20		LGD percentage (a)	Loss severity		8.1%-73.3% (58.6%)
				10		Fair value of property or collateral	Appraised value/sales price		Not meaningful
	OREO and foreclosed assets			137		Fair value of property or collateral	Appraised value/sales price		Not meaningful
	Insignificant assets			28
		Total assets	$	195
(a)	LGD percentage represents the amount that PNC expects to lose in the event a borrower defaults on an obligation.

Fair Value Option - Changes in Fair Value

Table 68: Fair Value Option - Changes in Fair Value (a)
			Gains (Losses)				Gains (Losses)
			Three months ended				Six months ended
			June 30		June 30		June 30		June 30
In millions			2016		2015		2016		2015
Assets
	Commercial mortgage loans held for sale		$	22	$	31	$	49	$	56
	Residential mortgage loans held for sale		$	59	$	25	$	106	$	71
	Residential mortgage loans – portfolio		$	11	$	13	$	17	$	29
	BlackRock Series C Preferred Stock		$	1	$	(21)	$	(10)	$	(12)
	Other assets		$	(4)	$	1	$	(20)	$	2
Liabilities
	Other borrowed funds				$	(2)			$	(2)
(a)		The impact on earnings of offsetting hedged items or hedging instruments is not reflected in these amounts.

Fair Value Option - Fair Value and Principal Balances

Fair values and aggregate unpaid principal balances of items for which we elected the fair value option follow.
Table 69: Fair Value Option - Fair Value and Principal Balances
							Aggregate Unpaid
In millions				Fair Value			Principal Balance		Difference
June 30, 2016
Assets
	Customer resale agreements				$	137	$	133	$	4
	Residential mortgage loans held for sale
		Performing loans				1,104		1,052		52
		Accruing loans 90 days or more past due				3		3
		Nonaccrual loans				9		9
			Total			1,116		1,064		52
	Commercial mortgage loans held for sale (a)
		Performing loans				978		980		(2)
		Nonaccrual loans				3		5		(2)
			Total			981		985		(4)
	Residential mortgage loans - portfolio
		Performing loans				234		282		(48)
		Accruing loans 90 days or more past due				402		402
		Nonaccrual loans				215		349		(134)
			Total			851		1,033		(182)
	Other assets					140		148		(8)
Liabilities
	Other borrowed funds				$	70	$	71	$	(1)
December 31, 2015
Assets
	Customer resale agreements				$	137	$	133	$	4
	Residential mortgage loans held for sale
		Performing loans				832		804		28
		Accruing loans 90 days or more past due				4		4
		Nonaccrual loans				7		8		(1)
			Total			843		816		27
	Commercial mortgage loans held for sale (a)
		Performing loans				639		659		(20)
		Nonaccrual loans				2		3		(1)
			Total			641		662		(21)
	Residential mortgage loans - portfolio
		Performing loans				204		260		(56)
		Accruing loans 90 days or more past due				475		478		(3)
		Nonaccrual loans				226		361		(135)
		Total				905		1,099		(194)
	Other assets					164		159		5
Liabilities
	Other borrowed funds				$	93	$	95	$	(2)
(a)	There were no accruing loans 90 days or more past due within this category at June 30, 2016 or December 31, 2015.

Additional Fair Value Information Related to Other Financial Instruments

Table 70: Additional Fair Value Information Related to Other Financial Instruments
		Carrying		Fair Value
In millions		Amount			Total		Level 1		Level 2		Level 3
June 30, 2016
Assets
Cash and due from banks		$	4,196	$	4,196	$	4,196
Short-term assets			29,532		29,532			$	29,532
Securities held to maturity			14,917		15,480		331		15,143	$	6
Loans held for sale			199		200				159		41
Net loans (excludes leases)			197,887		201,083						201,083
Other assets			1,711		2,139				1,709		430	(a)
	Total assets	$	248,442	$	252,630	$	4,527	$	46,543	$	201,560
Liabilities
Demand, savings and money market deposits		$	230,727	$	230,727			$	230,727
Time deposits			19,051		19,180				19,180
Borrowed funds			53,736		54,584				53,138	$	1,446
Unfunded loan commitments and letters of credit			286		286						286
Other liabilities			47		47				47
	Total liabilities	$	303,847	$	304,824			$	303,092	$	1,732
December 31, 2015
Assets
Cash and due from banks		$	4,065	$	4,065	$	4,065
Short-term assets			32,959		32,959			$	32,959
Securities held to maturity			14,768		15,002		298		14,698	$	6
Loans held for sale			56		56				22		34
Net loans (excludes leases)			195,579		197,611						197,611
Other assets			1,817		2,408				1,786		622	(a)
	Total assets	$	249,244	$	252,101	$	4,363	$	49,465	$	198,273
Liabilities
Demand, savings and money market deposits		$	228,492	$	228,492			$	228,492
Time deposits			20,510		20,471				20,471
Borrowed funds			53,761		54,002				52,578	$	1,424
Unfunded loan commitments and letters of credit			245		245						245
	Total liabilities	$	303,008	$	303,210			$	301,541	$	1,669
(a)	Represents estimated fair value of Visa Class B common shares, which was estimated solely based upon the June 30, 2016 and December 31, 2015 closing price for the Visa Class A common shares, respectively, and the Visa Class B common share conversion rate, which reflects adjustments in respect of all litigation funding by Visa as of that date. The transfer restrictions on the Visa Class B common shares could impact the aforementioned estimate, until they can be converted to Class A common shares. See Note 21 Commitments and Guarantees in our 2015 Form 10-K for additional information.

XML

Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2016

Goodwill and Other Intangible Assets Disclosure [Abstract]

Mortgage Servicing Rights

Changes in the commercial and residential MSRs follow:
Table 71: Mortgage Servicing Rights
			Commercial MSRs				Residential MSRs
In millions			2016		2015		2016		2015
January 1		$	526	$	506	$	1,063	$	845
Additions:
	From loans sold with servicing retained		23		34		23		38
	Purchases		9		28		105		150
Changes in fair value due to:
	Time and payoffs (a)		(46)		(43)		(78)		(86)
	Other (b)		(64)		18		(339)		68
June 30		$	448	$	543	$	774	$	1,015
Related unpaid principal balance at June 30		$	142,968	$	144,416	$	126,172	$	115,454
Servicing advances at June 30		$	244	$	271	$	335	$	463
(a)	Represents decrease in MSR value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period.
(b)	Represents MSR value changes resulting primarily from market-driven changes in interest rates.

Commercial Mortgage Loan Servicing Assets - Key Valuation Assumptions

The following tables set forth the fair value of commercial and residential MSRs and the sensitivity analysis of the hypothetical effect on the fair value of MSRs to immediate adverse changes of 10% and 20% in those assumptions:
Table 72: Commercial Mortgage Loan Servicing Rights - Key Valuation Assumptions
		June 30			December 31
Dollars in millions		2016			2015
Fair value		$	448		$	526
Weighted-average life (years)			4.5			4.7
Weighted-average constant prepayment rate			8.19	%		5.71	%
	Decline in fair value from 10% adverse change	$	10		$	10
	Decline in fair value from 20% adverse change	$	19		$	19
Effective discount rate			7.44	%		7.49	%
	Decline in fair value from 10% adverse change	$	12		$	14
	Decline in fair value from 20% adverse change	$	24		$	29

Residential Mortgage Loan Servicing Assets - Key Valuation Assumptions

Table 73: Residential Mortgage Loan Servicing Rights - Key Valuation Assumptions
		June 30			December 31
Dollars in millions		2016			2015
Fair value		$	774		$	1,063
Weighted-average life (years)			4.1			6.3
Weighted-average constant prepayment rate			19.19	%		10.61	%
	Decline in fair value from 10% adverse change	$	50		$	44
	Decline in fair value from 20% adverse change	$	95		$	85
Weighted-average option adjusted spread			865	bps		893	bps
	Decline in fair value from 10% adverse change	$	23		$	34
	Decline in fair value from 20% adverse change	$	44		$	67

XML

Employee Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2016

Share-based Compensation [Abstract]

Net Periodic Pension and Postretirement Benefits Costs

Table 74: Net Periodic Pension and Postretirement Benefit Costs
	Qualified Pension Plan				Nonqualified Retirement Plans					Postretirement Benefits
Three months ended June 30
In millions	2016		2015			2016		2015			2016		2015
Net periodic costconsists of:
Service cost	$	25	$	26		$	1	$	1		$	2	$	2
Interest cost		47		45			3		3			3		3
Expected return on plan assets		(71)		(74)								(1)
Amortization of prior service credit		(1)		(2)								(1)
Amortization of actuarial losses		11		8			1		1
Net periodic cost/(benefit)	$	11	$	3		$	5	$	5		$	3	$	5
	Qualified Pension Plan				Nonqualified Retirement Plans					Postretirement Benefits
Six months ended June 30
In millions	2016		2015			2016		2015			2016		2015
Net periodic costconsists of:
Service cost	$	51	$	53		$	1	$	1		$	3	$	3
Interest cost		93		89			6		6			7		7
Expected return on plan assets		(141)		(148)								(2)
Amortization of prior service credit		(3)		(4)								(1)
Amortization of actuarial losses		22		15			2		3
Net periodic cost/(benefit)	$	22	$	5		$	9	$	10		$	7	$	10

XML

Financial Derivatives (Tables)

6 Months Ended

Jun. 30, 2016

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Total Gross Derivatives

Table 75: Total Gross Derivatives
			June 30, 2016						December 31, 2015
			Notional/		Asset		Liability		Notional/		Asset		Liability
			Contract		Fair		Fair		Contract		Fair		Fair
In millions			Amount		Value (a)		Value (b)		Amount		Value (a)		Value (b)
Derivatives designated as hedging instruments under GAAP		$	53,982	$	2,011	$	351	$	52,074	$	1,159	$	174
Derivatives not designated as hedging instruments under GAAP			302,743		6,216		5,717		295,902		3,782		3,628
Total gross derivatives		$	356,725	$	8,227	$	6,068	$	347,976	$	4,941	$	3,802
(a)	Included in Other assets on our Consolidated Balance Sheet.
(b)	Included in Other liabilities on our Consolidated Balance Sheet.

Derivatives Designated as Hedging Instruments under GAAP

Further detail regarding the notional amounts and fair values related to derivatives designated in hedge relationships is presented in the following table:
Table 76: Derivatives Designated As Hedging Instruments under GAAP
					June 30, 2016						December 31, 2015
				Notional/		Asset		Liability		Notional/		Asset		Liability
				Contract		Fair		Fair		Contract		Fair		Fair
In millions				Amount		Value (a)		Value (b)		Amount		Value (a)		Value (b)
	Interest rate contracts:
		Fair value hedges:
			Receive-fixed swaps	$	27,692	$	1,234			$	25,756	$	699	$	18
			Pay-fixed swaps (c)		5,502			$	351		5,934		13		153
			Subtotal		33,194		1,234		351		31,690		712		171
		Cash flow hedges:
			Receive-fixed swaps		16,871		604				17,879		412		2
			Forward purchase commitments		2,900		34				1,400		4		1
			Subtotal		19,771		638				19,279		416		3
	Foreign exchange contracts:
		Net investment hedges			1,017		139				1,105		31
Total derivatives designated as hedging instruments				$	53,982	$	2,011	$	351	$	52,074	$	1,159	$	174
(a)		Included in Other assets on our Consolidated Balance Sheet.
(b)		Included in Other liabilities on our Consolidated Balance Sheet.
(c)		Includes zero-coupon swaps.

Gains (Losses) on Derivatives and Related Hedged Items - Fair Value Hedges

Table 77: Gains (Losses) on Derivatives and Related Hedged Items - Fair Value Hedges (a)

Three months ended

Six months ended

June 30, 2016

June 30, 2015

June 30, 2016

June 30, 2015

Gain (Loss)

Gain (Loss)

Gain (Loss)

Gain (Loss)

Gain

on Related

Gain

on Related

Gain

on Related

Gain

on Related

(Loss) on

Hedged

(Loss) on

Hedged

(Loss) on

Hedged

(Loss) on

Hedged

Derivatives

Items

Derivatives

Items

Derivatives

Items

Derivatives

Items

Recognized

Recognized

Recognized

Recognized

Recognized

Recognized

Recognized

Recognized

In millions

Hedged Items

Location

in Income

in Income

in Income

in Income

in Income

in Income

in Income

in Income

Interest rate contracts

U.S. Treasury and Government Agencies and Other Debt Securities

Investment securities (interest income)

$

(55)

$

56

$

64

$

(66)

$

(209)

$

214

$

12

$

(12)

Interest rate contracts

Subordinated Debt and Bank Notes and Senior Debt

Borrowed funds (interest expense)

155

(168)

(264)

259

562

(600)

(107)

87

Total (a)

$

100

$

(112)

$

(200)

$

193

$

353

$

(386)

$

(95)

$

75

(a)

The difference between the gains (losses) recognized in income on derivatives and their related hedged items represents the ineffective portion of the change in value of our fair value hedge derivatives.

Gains (Losses) on Derivatives and Related Cash Flows - Cash Flow Hedges

Further detail regarding gains (losses) on derivatives and related cash flows is presented in the following table:
Table 78: Gains (Losses) on Derivatives and Related Cash Flows - Cash Flow Hedges (a) (b)
			Three months ended				Six months ended
				June 30				June 30
In millions				2016		2015		2016		2015
Gains (losses) on derivatives recognized in OCI - (effective portion)			$	126	$	(102)	$	391	$	196
Less: Gains (losses) reclassified from accumulated OCI into income - (effective portion)
	Interest income			64		72		129		140
	Noninterest income			(1)		(4)		(1)		(13)
Total gains (losses) reclassified from accumulated OCI into income - (effective portion)			$	63	$	68	$	128	$	127
Net unrealized gains (losses) on cash flow hedge derivatives			$	63	$	(170)	$	263	$	69
(a)		All cash flow hedge derivatives are interest rate contracts as of June 30, 2016 and June 30, 2015.
(b)		The amount of cash flow hedge ineffectiveness recognized in income was not significant for the periods presented.

Derivatives Not Designated as Hedging Instruments under GAAP

Further detail regarding the notional amounts and fair values related to derivatives not designated in hedge relationships is presented in the following table:
Table 79: Derivatives Not Designated As Hedging Instruments under GAAP
					June 30, 2016						December 31, 2015
In millions				Notional / Contract Amount		Asset Fair Value (a)		Liability Fair Value (b)		Notional / Contract Amount		Asset Fair Value (a)		Liability Fair Value (b)
Derivatives used for residential mortgage banking activities:
Residential mortgage servicing
	Interest rate contracts:
		Swaps		$	37,741	$	1,514	$	1,003	$	37,505	$	758	$	416
		Swaptions			584		17		7		650		27		14
		Futures (c)			12,935						17,653
		Futures options			14,000				3		6,000				1
		Mortgage-backed securities commitments			3,765		36		3		3,920		4		8
			Subtotal		69,025		1,567		1,016		65,728		789		439
Loan sales
	Interest rate contracts:
		Futures (c)			15						20
		Bond options			150						200		2
		Mortgage-backed securities commitments			5,680		17		37		6,363		16		8
		Residential mortgage loan commitments			2,188		30				1,580		16
			Subtotal		8,033		47		37		8,163		34		8
			Subtotal	$	77,058	$	1,614	$	1,053	$	73,891	$	823	$	447
Derivatives used for commercial mortgage banking activities:
	Interest rate contracts:
		Swaps		$	4,186	$	156	$	73	$	3,945	$	77	$	46
		Swaptions									439
		Futures (c)			4,449						18,454
		Commercial mortgage loan commitments			1,878		15		8		1,176		11		6
			Subtotal		10,513		171		81		24,014		88		52
	Credit contracts				44						77
			Subtotal	$	10,557	$	171	$	81	$	24,091	$	88	$	52
Derivatives used for customer-related activities:
	Interest rate contracts:
		Swaps		$	169,547	$	3,936	$	3,952	$	157,041	$	2,507	$	2,433
		Caps/floors - Sold			5,169				6		5,337				11
		Caps/floors - Purchased			6,635		21				6,383		18
		Swaptions			5,154		185		13		4,363		86		13
		Futures (c)			2,204						1,673
		Futures options			292		5		5
		Mortgage-backed securities commitments			2,375		5		8		1,910		5		2
			Subtotal		191,376		4,152		3,984		176,707		2,616		2,459
	Foreign exchange contracts				11,734		192		202		10,888		194		198
	Credit contracts				6,284		4		7		5,026		2		4
			Subtotal	$	209,394	$	4,348	$	4,193	$	192,621	$	2,812	$	2,661
Derivatives used for other risk management activities:
	Foreign exchange contracts			$	3,158	$	83	$	23	$	2,742	$	59	$	6
	Other contracts (d)				2,576				367		2,557				462
			Subtotal	$	5,734	$	83	$	390	$	5,299	$	59	$	468
Total derivatives not designated as hedging instruments				$	302,743	$	6,216	$	5,717	$	295,902	$	3,782	$	3,628
(a)		Included in Other assets on our Consolidated Balance Sheet.
(b)		Included in Other liabilities on our Consolidated Balance Sheet.
(c)		Futures contracts settle in cash daily and, therefore, no derivative asset or derivative liability is recognized on our Consolidated Balance Sheet.
(d)		Includes PNC's obligation to fund a portion of certain BlackRock LTIP programs and the swaps entered into in connection with sales of a portion of Visa Class B common shares.

Gains (Losses) on Derivatives Not Designated as Hedging Instruments under GAAP

Further detail regarding the gains (losses) on derivatives not designated in hedging relationships is presented in the following table:
Table 80: Gains (Losses) on Derivatives Not Designated As Hedging Instruments under GAAP
			Three months ended				Six months ended
			June 30				June 30
In millions				2016		2015		2016		2015
Derivatives used for residential mortgage banking activities:
Residential mortgage servicing
	Interest rate contracts		$	141	$	(83)	$	336	$	15
Loan sales
	Interest rate contracts			4		47		(3)		68
		Gains (losses) included in residential mortgage banking activities (a)	$	145	$	(36)	$	333	$	83
Derivatives used for commercial mortgage banking activities:
	Interest rate contracts (b) (c)		$	27	$	(25)	$	80	$	5
	Credit contracts (c)					1
		Gains (losses) from commercial mortgage banking activities	$	27	$	(24)	$	80	$	5
Derivatives used for customer-related activities:
	Interest rate contracts		$	1	$	30	$	(3)	$	34
	Foreign exchange contracts			17		32		46		33
		Gains (losses) from customer-related activities (c)	$	18	$	62	$	43	$	67
Derivatives used for other risk management activities:
	Interest rate contracts				$	1			$	1
	Foreign exchange contracts		$	66		(69)	$	(29)		114
	Other contracts (d)			(62)		14		(66)		7
		Gains (losses) from other risk management activities (c)	$	4	$	(54)	$	(95)	$	122
Total gains (losses) from derivatives not designated as hedging instruments			$	194	$	(52)	$	361	$	277
(a)		Included in Residential mortgage noninterest income.
(b)		Included in Corporate services noninterest income.
(c)		Included in Other noninterest income.
(d)		Includes BlackRock LTIP funding obligation and the swaps entered into in connection with sales of a portion of Visa Class B common shares.

Derivative Assets And Liabilities Offsetting

Table 81: Derivative Assets and Liabilities Offsetting
			Gross Fair Value		Amounts Offset on the Consolidated Balance Sheet				Net Fair Value			Securities Collateral Held / (Pledged)		Net Amounts
June 30, 2016					Fair Value Offset Amount		Cash Collateral					Under Master Netting Agreements
In millions
Derivative assets
	Interest rate contracts:
		Cleared	$	2,446	$	2,066	$	283	$	97				$	97
		Over-the-counter		5,362		2,068		595		2,699		$	411		2,288
	Foreign exchange contracts			415		209		27		179			4		175
	Credit contracts			4		2		1		1					1
		Total derivative assets	$	8,227	$	4,345	$	906	$	2,976	(a)	$	415	$	2,561
Derivative liabilities
	Interest rate contracts:
		Cleared	$	2,523	$	2,065	$	410	$	48				$	48
		Exchange-traded		3						3					3
		Over-the-counter		2,943		2,155		701		87					87
	Foreign exchange contracts			224		119		27		78					78
	Credit contracts			8		6		2
	Other contracts			367						367					367
		Total derivative liabilities	$	6,068	$	4,345	$	1,140	$	583	(b)			$	583
December 31, 2015
In millions
Derivative assets
	Interest rate contracts:
		Cleared	$	1,003	$	779	$	195	$	29				$	29
		Over-the-counter		3,652		1,645		342		1,665		$	178		1,487
	Foreign exchange contracts			284		129		13		142			2		140
	Credit contracts			2		1		1
		Total derivative assets	$	4,941	$	2,554	$	551	$	1,836	(a)	$	180	$	1,656
Derivative liabilities
	Interest rate contracts:
		Cleared	$	855	$	779	$	57	$	19				$	19
		Exchange-traded		1						1					1
		Over-the-counter		2,276		1,687		530		59					59
	Foreign exchange contracts			204		85		20		99					99
	Credit contracts			4		3		1
	Other contracts			462						462					462
		Total derivative liabilities	$	3,802	$	2,554	$	608	$	640	(b)			$	640
(a)		Represents the net amount of derivative assets included in Other assets on our Consolidated Balance Sheet.
(b)		Represents the net amount of derivative liabilities included in Other liabilities on our Consolidated Balance Sheet.

XML

Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2016

Earnings per Share

Basic and Diluted Earnings per Common Share

NOTE 10 EARNINGS PER SHARE
Table 82: Basic and Diluted Earnings per Common Share
				Three months ended				Six months ended
				June 30				June 30
In millions, except per share data				2016		2015		2016		2015
Basic
	Net income		$	989	$	1,044	$	1,932	$	2,048
	Less:
		Net income (loss) attributable to noncontrolling interests		23		4		42		5
		Preferred stock dividends and discount accretion and redemptions		43		48		108		118
	Net income attributable to common shares			923		992		1,782		1,925
	Less:
		Dividends and undistributed earnings allocated to participating securities		6				12		2
	Net income attributable to basic common shares		$	917	$	992	$	1,770	$	1,923
	Basic weighted-average common shares outstanding			497		517		499		519
	Basic earnings per common share (a)		$	1.84	$	1.92	$	3.54	$	3.71
Diluted
	Net income attributable to basic common shares		$	917	$	992	$	1,770	$	1,923
		Less: Impact of BlackRock earnings per share dilution		3		5		6		10
	Net income attributable to diluted common shares		$	914	$	987	$	1,764	$	1,913
	Basic weighted-average common shares outstanding			497		517		499		519
	Dilutive potential common shares			6		8		6		8
	Diluted weighted-average common shares outstanding			503		525		505		527
	Diluted earnings per common share (a)		$	1.82	$	1.88	$	3.49	$	3.63
(a)		Basic and diluted earnings per share under the two-class method are determined on net income reported on the income statement less earnings allocated to nonvested restricted shares and restricted share units with nonforfeitable dividends and dividend rights (participating securities).

XML

Total Equity and Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2016

Other Comprehensive Income [Abstract]

Rollforward of Total Equity

Table 83: Rollforward of Total Equity
				Shareholders' Equity
In millions		Shares Outstanding Common Stock			Common Stock		Capital Surplus - Preferred Stock		Capital Surplus - Common Stock and Other		Retained Earnings		Accumulated Other Comprehensive Income (Loss)			Treasury Stock		Non-controlling Interests		Total Equity
Balance at January 1, 2015			523		$	2,705	$	3,946	$	12,627	$	26,200		$	503	$	(1,430)	$	1,523	$	46,074
Net income												2,043							5		2,048
Other comprehensive income (loss), net of tax															(124)						(124)
Cash dividends declared
	Common ($.99 per share)											(516)									(516)
	Preferred											(115)									(115)
Preferred stock discount accretion								3				(3)
Common stock activity			1			3				34											37
Treasury stock activity			(8)							(55)							(832)				(887)
Preferred stock redemption - Series K								(500)													(500)
Other										26									(131)		(105)
Balance at June 30, 2015 (a)			516		$	2,708	$	3,449	$	12,632	$	27,609		$	379	$	(2,262)	$	1,397	$	45,912
Balance at January 1, 2016			504		$	2,708	$	3,452	$	12,745	$	29,043		$	130	$	(3,368)	$	1,270	$	45,980
Net income												1,890							42		1,932
Other comprehensive income (loss), net of tax															606						606
Cash dividends declared
	Common ($1.02 per share)											(516)									(516)
	Preferred											(105)									(105)
Preferred stock discount accretion								3				(3)
Common stock activity (b)						1				10											11
Treasury stock activity			(11)							(13)							(936)				(949)
Other										(89)									(171)		(260)
Balance at June 30, 2016 (a)			493		$	2,709	$	3,455	$	12,653	$	30,309		$	736	$	(4,304)	$	1,141	$	46,699
(a)	The par value of our preferred stock outstanding was less than $.5 million at each date and, therefore, is excluded from this presentation.
(b)	Common stock activity totaled less than .5 million shares issued.

Other Comprehensive Income

Details of other comprehensive income (loss) are as follows:
Table 84: Other Comprehensive Income
			Three Months Ended June 30				Six Months Ended June 30
In millions			2016		2015		2016		2015
Net unrealized gains (losses) on non-OTTI securities
Increase in net unrealized gains (losses) on non-OTTI securities		$	286	$	(346)	$	805	$	(214)
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities interest income			8		7		14		14
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income			5		12		14		63
Net increase (decrease), pre-tax			273		(365)		777		(291)
Effect of income taxes			(100)		134		(285)		107
Net increase (decrease), after-tax			173		(231)		492		(184)
Net unrealized gains (losses) on OTTI securities
Increase in net unrealized gains (losses) on OTTI securities			17		3		(22)		5
Less: OTTI losses realized on securities reclassified to noninterest income					(1)		(1)		(2)
Net increase (decrease), pre-tax			17		4		(21)		7
Effect of income taxes			(6)		(2)		8		(3)
Net increase (decrease), after-tax			11		2		(13)		4
Net unrealized gains (losses) on cash flow hedge derivatives
Increase in net unrealized gains (losses) on cash flow hedge derivatives			126		(102)		391		196
Less: Net gains (losses) realized as a yield adjustment reclassified to loan interest income			56		64		116		128
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities interest income			8		8		13		12
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income			(1)		(4)		(1)		(13)
Net increase (decrease), pre-tax			63		(170)		263		69
Effect of income taxes			(23)		63		(96)		(25)
Net increase (decrease), after-tax			40		(107)		167		44
Pension and other postretirement benefit plan adjustments
Net pension and other postretirement benefit activity			(7)		(17)		(5)		36
Amortization of actuarial loss (gain) reclassified to other noninterest expense			12		9		24		18
Amortization of prior service cost (credit) reclassified to other noninterest expense			(2)		(2)		(4)		(4)
Net increase (decrease), pre-tax			3		(10)		15		50
Effect of income taxes			(1)		4		(5)		(18)
Net increase (decrease), after-tax			2		(6)		10		32
Other
PNC's portion of BlackRock's OCI			13		(9)		(12)		(34)
Net investment hedge derivatives			80		(65)		109		(11)
Foreign currency translation adjustments and other (a)			(81)		65		(112)		9
Net increase (decrease), pre-tax			12		(9)		(15)		(36)
Effect of income taxes (a)			(34)		27		(35)		16
Net increase (decrease), after-tax			(22)		18		(50)		(20)
Total other comprehensive income, pre-tax			368		(550)		1,019		(201)
Total other comprehensive income, tax effect			(164)		226		(413)		77
Total other comprehensive income, after-tax		$	204	$	(324)	$	606	$	(124)
(a)	The earnings of PNC's Luxembourg-UK lending business have been indefinitely reinvested; therefore, no U.S. deferred income tax has been recorded on the foreign currency translation of the investment.

Accumulated Other Comprehensive Income (Loss) Components

Table 85: Accumulated Other Comprehensive Income (Loss) Components
In millions, after-tax	Net unrealized gains (losses) on non-OTTI securities		Net unrealized gains (losses) on OTTI securities		Net unrealized gains (losses) on cash flow hedge derivatives		Pension and other postretirement benefit plan adjustments		Other		Total
Balance at March 31, 2015	$	694	$	76	$	501	$	(482)	$	(86)	$	703
Net activity		(231)		2		(107)		(6)		18		(324)
Balance at June 30, 2015	$	463	$	78	$	394	$	(488)	$	(68)	$	379
Balance at March 31, 2016	$	605	$	42	$	557	$	(546)	$	(126)	$	532
Net activity		173		11		40		2		(22)		204
Balance at June 30, 2016	$	778	$	53	$	597	$	(544)	$	(148)	$	736
Balance at December 31, 2014	$	647	$	74	$	350	$	(520)	$	(48)	$	503
Net activity		(184)		4		44		32		(20)		(124)
Balance at June 30, 2015	$	463	$	78	$	394	$	(488)	$	(68)	$	379
Balance at December 31, 2015	$	286	$	66	$	430	$	(554)	$	(98)	$	130
Net activity		492		(13)		167		10		(50)		606
Balance at June 30, 2016	$	778	$	53	$	597	$	(544)	$	(148)	$	736

XML

Commitments And Guarantees (Tables)

6 Months Ended

Jun. 30, 2016

Commitments and Guarantees [Abstract]

Commitments to Extend Credit and Other Commitments

Table 86: Commitments to Extend Credit and Other Commitments
			June 30		December 31
In millions			2016		2015
Commitments to extend credit
	Total commercial lending		$	102,120	$	101,252
	Home equity lines of credit			17,331		17,268
	Credit card			21,298		19,937
	Other			4,367		4,032
Total commitments to extend credit				145,116		142,489
Net outstanding standby letters of credit (a)				9,089		8,765
Reinsurance agreements (b)				1,917		2,010
Standby bond purchase agreements (c)				872		911
Other commitments (d)				965		966
		Total commitments to extend credit and other commitments	$	157,959	$	155,141
(a)	Net outstanding standby letters of credit include $4.6 billion and $4.7 billion which support remarketing programs at June 30, 2016 and December 31, 2015, respectively.
(b)	Represents aggregate maximum exposure up to the specified limits of the reinsurance contracts, and reflects estimates based on availability of financial information from insurance carriers. As of June 30, 2016, the aggregate maximum exposure amount comprised $1.6 billion for accidental death & dismemberment contracts and $.3 billion for credit life, accident & health contracts. Comparable amounts at December 31, 2015 were $1.6 billion and $.4 billion, respectively.
(c)	We enter into standby bond purchase agreements to support municipal bond obligations.
(d)	Includes $.4 billion and $.5 billion related to investments in qualified affordable housing projects at June 30, 2016 and December 31, 2015, respectively.

Internal Credit Ratings Related to Net Outstanding Standby Letters of Credit

Table 87: Internal Credit Ratings Related to Net Outstanding Standby Letters of Credit
		June 30			December 31
		2016			2015
Internal credit ratings (as a percentage of portfolio):
	Pass (a)		92	%		93	%
	Below pass (b)		8	%		7	%
(a)	Indicates that expected risk of loss is currently low.
(b)	Indicates a higher degree of risk of default.

Resale and Repurchase Agreements Offsetting

Table 88: Resale and Repurchase Agreements Offsetting
In millions		Gross Resale / Repurchase Agreements		Amounts Offset on the Consolidated Balance Sheet	Net Resale / Repurchase Agreements (a)		Securities Collateral Held / Pledged Under Master Netting Agreements (b)		Net Amounts
Resale Agreements
	June 30, 2016	$	1,157		$	1,157	$	1,083	$	74	(c)
	December 31, 2015	$	1,082		$	1,082	$	1,008	$	74	(c)
Repurchase Agreements (d)
	June 30, 2016	$	1,617		$	1,617	$	1,001	$	616	(e)
	December 31, 2015	$	1,767		$	1,767	$	1,014	$	753	(e)
(a)	Resale agreements are included on the Consolidated Balance Sheet in Federal funds sold and resale agreements. Repurchase agreements are included on the Consolidated Balance Sheet in Federal funds purchased and repurchase agreements.
(b)	Represents the fair value of securities collateral purchased or sold, up to the amount owed under the agreement, for agreements supported by a legally enforceable master netting agreement.
(c)	Represents certain long term resale agreements which are fully collateralized but do not have the benefits of a netting opinion and, therefore, might be subject to a stay in insolvency proceedings and therefore are not eligible under ASC 210-20 for netting.
(d)	Repurchase agreements have remaining contractual maturities that are classified as overnight or continuous. As of June 30, 2016 and December 31, 2015, the collateral pledged under these agreements consisted primarily of residential mortgage-backed agency securities.
(e)	Represents overnight repurchase agreements entered into with municipalities, pension plans, and certain trusts and insurance companies which are fully collateralized but do not have the benefits of a netting opinion and, therefore, might be subject to a stay in insolvency proceedings and therefore are not eligible under ASC 210-20 for netting. There were no long term repurchase agreements as of June 30, 2016 and December 31, 2015.

XML

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Results of Businesses

Table 89: Results Of Businesses
				Corporate &		Asset		Residential				Non-Strategic
Three months ended June 30		Retail		Institutional		Management		Mortgage				Assets
In millions		Banking		Banking		Group		Banking		BlackRock		Portfolio		Other		Consolidated (a)
2016
Income Statement
Net interest income		$	1,117	$	822	$	76	$	28			$	73	$	(48)	$	2,068
Noninterest income			564		533		213		182	$	170		5		59		1,726
	Total revenue		1,681		1,355		289		210		170		78		11		3,794
Provision for credit losses			29		69		6		1				13		9		127
Depreciation and amortization			41		37		12		3						122		215
Other noninterest expense			1,127		512		194		133				20		159		2,145
Income (loss) before income taxes and noncontrolling interests			484		737		77		73		170		45		(279)		1,307
Income taxes (benefit)			177		247		29		27		36		16		(214)		318
Net income (loss)		$	307	$	490	$	48	$	46	$	134	$	29	$	(65)	$	989
Average Assets (b)		$	71,544	$	138,305	$	7,756	$	5,768	$	6,919	$	5,539	$	123,159	$	358,990
2015
Income Statement
Net interest income		$	1,045	$	837	$	71	$	30			$	100	$	(31)	$	2,052
Noninterest income			590		492		243		176	$	175		9		129		1,814
	Total revenue		1,635		1,329		314		206		175		109		98		3,866
Provision for credit losses (benefit)			45		20		1		(2)				(5)		(13)		46
Depreciation and amortization			42		37		12		4						106		201
Other noninterest expense			1,168		510		203		174				26		84		2,165
Income (loss) before income taxes and noncontrolling interests			380		762		98		30		175		88		(79)		1,454
Income taxes (benefit)			139		254		36		11		40		32		(102)		410
Net income		$	241	$	508	$	62	$	19	$	135	$	56	$	23	$	1,044
Average Assets (b)		$	73,369	$	132,239	$	8,005	$	7,136	$	6,760	$	6,914	$	118,217	$	352,640
				Corporate &		Asset		Residential				Non-Strategic
Six months ended June 30		Retail		Institutional		Management		Mortgage				Assets
In millions		Banking		Banking		Group		Banking		BlackRock		Portfolio		Other		Consolidated (a)
2016
Income Statement
Net interest income		$	2,230	$	1,660	$	153	$	53			$	148	$	(78)	$	4,166
Noninterest income			1,101		967		416		287	$	311		27		184		3,293
	Total revenue		3,331		2,627		569		340		311		175		106		7,459
Provision for credit losses (benefit)			106		176		3						6		(12)		279
Depreciation and amortization			81		72		23		6						235		417
Other noninterest expense			2,237		998		389		282				41		277		4,224
Income (loss) before income taxes and noncontrolling interests			907		1,381		154		52		311		128		(394)		2,539
Income taxes (benefit)			332		460		57		19		65		47		(373)		607
Net income (loss)		$	575	$	921	$	97	$	33	$	246	$	81	$	(21)	$	1,932
Average Assets (b)		$	71,880	$	136,913	$	7,822	$	6,037	$	6,919	$	5,677	$	122,203	$	357,451
2015
Income Statement
Net interest income		$	2,082	$	1,660	$	144	$	60			$	212	$	(34)	$	4,124
Noninterest income			1,078		921		451		353	$	351		18		301		3,473
	Total revenue		3,160		2,581		595		413		351		230		267		7,597
Provision for credit losses (benefit)			94		37		13						(36)		(8)		100
Depreciation and amortization			85		73		23		7						206		394
Other noninterest expense			2,283		988		402		332				50		266		4,321
Income (loss) before income taxes and noncontrolling interests			698		1,483		157		74		351		216		(197)		2,782
Income taxes (benefit)			255		493		58		27		82		79		(260)		734
Net income		$	443	$	990	$	99	$	47	$	269	$	137	$	63	$	2,048
Average Assets (b)		$	73,691	$	131,711	$	7,974	$	7,190	$	6,760	$	7,094	$	115,941	$	350,361
(a)	There were no material intersegment revenues for the three and six months ended June 30, 2016 and 2015.
(b)	Period-end balances for BlackRock.

XML

Loan Sale and Servicing Activities and Variable Interest Entities (Narrative) (Details) - Cumulative effect of adopting ASU 2014-01 [Member] - Low Income Housing Tax Credit Investments [Member] - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016
Other Tax Benefits Recognized Low Income Housing Tax Credit Investments	$ 19	$ 38
Tax Credits Recognized Low Income Housing Tax Credit Investments	55	111
Amortization Recognized Low Income Housing Tax Credit Investments	$ 53	$ 105

XML

Loan Sale and Servicing Activities and Variable Interest Entities (Cash Flows Associated with Loan Sale and Servicing Activities) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Residential Mortgages [Member]
Carrying value of mortgage-backed securities held	$ 6,400	$ 5,600	$ 6,400	$ 5,600	$ 6,600
Cash flows from sales of loans	1,408	2,015	2,846	3,955
Cash flows from repurchases of previously transferred loans	103	134	263	303
Cash flows from servicing fees	93	82	186	165
Cash flows from servicing advances recovered	48	47	76	38
Cash flows on mortgage-backed securities held	417	429	769	669
Commercial Mortgages [Member]
Carrying value of mortgage-backed securities held	1,100	1,200	1,100	1,200	$ 1,300
Cash flows from sales of loans	804	1,159	1,454	2,179
Cash flows from servicing fees	32	36	62	68
Cash flows from servicing advances recovered		21	7	28
Cash flows on mortgage-backed securities held	92	54	197	114
Cash flows from servicing advances (funded)	(24)
Home Equity Loans Lines [Member]
Cash flows from repurchases of previously transferred loans				2
Cash flows from servicing fees	3	4	6	8
Cash flows from servicing advances recovered		$ 1	$ 20	$ 25
Cash flows from servicing advances (funded)	$ (4)

XML

Loan Sale and Servicing Activities and Variable Interest Entities (Principal Balance, Delinquent Loans (Loans 90 Days or More Past Due), and Net Charge-Offs Related to Serviced Loans) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Residential Mortgages [Member]
Total principal balance	$ 69,268		$ 69,268		$ 72,898
Delinquent loans	1,555		1,555		1,923
Net charge-offs	28	$ 37	54	$ 69
Commercial Mortgages [Member]
Total principal balance	49,625		49,625		53,789
Delinquent loans	1,035		1,035		1,057
Net charge-offs	157	148	1,069	255
Home Equity Loans Lines [Member]
Total principal balance	2,533		2,533		2,806
Delinquent loans	893		893		$ 904
Net charge-offs	$ 9	$ 8	$ 16	$ 15

XML

Loan Sale and Servicing Activities and Variable Interest Entities (Consolidated VIEs - Carrying Value) (Details) - USD ($)		Jun. 30, 2016		Dec. 31, 2015		Jun. 30, 2015	Dec. 31, 2014
Cash and due from banks		$ 4,196,000,000		$ 4,065,000,000	[1]	$ 4,412,000,000	$ 4,360,000,000
Interest-earning deposits with banks		26,750,000,000		30,546,000,000	[1]
Loans (b)		209,056,000,000	[2]	206,696,000,000	[2]	205,153,000,000
Allowance for loan and lease losses		(2,685,000,000)		(2,727,000,000)		$ (3,272,000,000)	$ (3,331,000,000)
Equity investments	[1]	10,469,000,000		10,587,000,000
Other assets	[1],[2]	25,316,000,000		23,092,000,000
Total assets		361,335,000,000		358,493,000,000
Other borrowed funds	[3],[4]	2,544,000,000		2,793,000,000
Accrued expenses	[4]	5,080,000,000		4,975,000,000
Other liabilities	[4]	4,904,000,000		3,743,000,000
Total liabilities		314,636,000,000		312,513,000,000
Noncontrolling interests		1,141,000,000		1,270,000,000
Variable Interest Entity, Primary Beneficiary [Member]
Cash and due from banks	[1]			11,000,000
Interest-earning deposits with banks	[1]			4,000,000
Loans (b)				1,341,000,000
Allowance for loan and lease losses				(48,000,000)
Equity investments	[1]	220,000,000		183,000,000
Other assets	[1]	47,000,000		402,000,000
Total assets		267,000,000		1,893,000,000
Other borrowed funds	[4]			148,000,000
Accrued expenses	[4]			44,000,000
Other liabilities	[4]			202,000,000
Total liabilities		11,000,000		394,000,000
Noncontrolling interests		$ 123,000,000		$ 99,000,000

[1] Our consolidated assets at June 30, 2016 included the following assets of certain variable interest entities (VIEs): Equity investments of $220 million and Other assets of $47 million. Our consolidated assets at December 31, 2015 included the following assets of certain VIEs: Cash and due from banks of $11 million, Interest-earning deposits with banks of $4 million, Net loans of $1.3 billion, Equity investments of $183 million, and Other assets of $402 million.

[2] Our consolidated assets at June 30, 2016 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $2.1 billion, Loans of $.9 billion, and Other assets of $349 million. Our consolidated assets at December 31, 2015 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $1.5 billion, Loans of $.9 billion, and Other assets of $521 million.

[3] Our consolidated liabilities at June 30, 2016 and December 31, 2015 included Other borrowed funds of $70 million and $93 million, respectively, for which we have elected the fair value option.

[4] Our consolidated liabilities at June 30, 2016 included liabilities of $11 million for certain VIEs. Our consolidated liabilities at December 31, 2015 included the following liabilities of certain VIEs: Other borrowed funds of $148 million, Accrued expenses of $44 million, and Other liabilities of $202 million.

XML

Loan Sale and Servicing Activities and Variable Interest Entities (Non-Consolidated VIEs) (Details) - Variable Interest Entity, Primary Beneficiary [Member] - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
PNC Risk of Loss	$ 10,732	$ 10,729
Carrying Value of Assets Owned by PNC	10,653	10,800
Carrying Value of Liabilities Owned by PNC	772	838
Commercial Mortgage-Backed Securitizations [Member]
PNC Risk of Loss	1,284	1,498
Carrying Value of Assets Owned by PNC	1,284	1,498
Carrying Value of Liabilities Owned by PNC		1
Residential Mortgage-Backed Securitizations [Member]
PNC Risk of Loss	6,406	6,680
Carrying Value of Assets Owned by PNC	6,406	6,680
Carrying Value of Liabilities Owned by PNC	1	1
Tax Credit Investments And Other [Member]
PNC Risk of Loss	3,042	2,551
Carrying Value of Assets Owned by PNC	2,963	2,622
Carrying Value of Liabilities Owned by PNC	$ 771	$ 836

XML

Asset Quality (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Troubled debt restructurings (TDRs)	$ 2,448		$ 2,448		$ 2,351
Nonperforming loans	2,264		2,264		2,126
TDRs [Member]
Associated Allowance for TDRs	357	$ 309	357	$ 309	319
Recorded Investment - Subsequently defaulted TDRs	38	$ 27	59	$ 45
Nonperforming [Member]
Troubled debt restructurings (TDRs)	1,240		1,240		1,119
Performing, including Consumer Credit Card TDRs [Member]
Troubled debt restructurings (TDRs)	1,208		1,208		1,232
Excluded from impaired loans due to authoritative lease accounting guidance [Member] | Equipment Lease Financing [Member]
Nonperforming loans	19		19		7
Federal Reserve Bank [Member]
Loans pledged as collateral for contingent borrowings	20,900		20,900		20,200
Federal Home Loan Bank [Member]
Loans pledged as collateral for contingent borrowings	$ 58,100		$ 58,100		$ 56,400

XML

Asset Quality (Analysis of Loan Portfolio) (Details) - USD ($) $ in Millions	Jun. 30, 2016		Dec. 31, 2015		Jun. 30, 2015
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	$ 209,056	[1]	$ 206,696	[1]	$ 205,153
Percentage Of Total Loans	100.00%		100.00%
Unearned income, net deferred loan fees, unamortized discounts and premiums, and purchase discounts and premiums	$ 1,400		$ 1,400
Current or Less Than 30 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	$ 201,880		$ 199,183
Percentage Of Total Loans	96.57%		96.36%
30-59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	$ 464		$ 511
Percentage Of Total Loans	0.22%		0.25%
60-89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	$ 243		$ 248
Percentage Of Total Loans	0.12%		0.12%
90 Days or More Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	$ 754		$ 881
Percentage Of Total Loans	0.36%		0.43%
Total Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	$ 1,461		$ 1,640
Percentage Of Total Loans	0.70%		0.80%
Nonperforming Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	$ 2,264		$ 2,126
Percentage Of Total Loans	1.08%		1.03%
Fair Value Option Nonaccrual Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	$ 215		$ 225
Percentage Of Total Loans	0.10%		0.11%
Purchased Impaired Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	$ 3,236		$ 3,522
Percentage Of Total Loans	1.55%		1.70%
Total commercial lending [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	$ 137,022		$ 133,544		130,722
Total commercial lending [Member] | Current or Less Than 30 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	135,962		132,649
Total commercial lending [Member] | 30-59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	67		98
Total commercial lending [Member] | 60-89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	49		38
Total commercial lending [Member] | 90 Days or More Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	38		45
Total commercial lending [Member] | Total Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	154		181
Total commercial lending [Member] | Nonperforming Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	768		545
Total commercial lending [Member] | Purchased Impaired Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	138		169
Total consumer lending [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	72,034		73,152		$ 74,431
Total consumer lending [Member] | Current or Less Than 30 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	65,918		66,534
Total consumer lending [Member] | 30-59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	397		413
Total consumer lending [Member] | 60-89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	194		210
Total consumer lending [Member] | 90 Days or More Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	716		836
Total consumer lending [Member] | Total Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	1,307		1,459
Total consumer lending [Member] | Nonperforming Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	1,496		1,581
Total consumer lending [Member] | Fair Value Option Nonaccrual Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	215		225
Total consumer lending [Member] | Purchased Impaired Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	3,098		3,353
Commercial [Member] | Total commercial lending [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	100,562		98,608
Commercial [Member] | Total commercial lending [Member] | Current or Less Than 30 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	99,797		98,075
Commercial [Member] | Total commercial lending [Member] | 30-59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	61		69
Commercial [Member] | Total commercial lending [Member] | 60-89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	34		32
Commercial [Member] | Total commercial lending [Member] | 90 Days or More Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	38		45
Commercial [Member] | Total commercial lending [Member] | Total Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	133		146
Commercial [Member] | Total commercial lending [Member] | Nonperforming Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	606		351
Commercial [Member] | Total commercial lending [Member] | Purchased Impaired Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	26		36
Commercial Real Estate [Member] | Total commercial lending [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	28,840		27,468
Commercial Real Estate [Member] | Total commercial lending [Member] | Current or Less Than 30 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	28,569		27,134
Commercial Real Estate [Member] | Total commercial lending [Member] | 30-59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	5		10
Commercial Real Estate [Member] | Total commercial lending [Member] | 60-89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	11		4
Commercial Real Estate [Member] | Total commercial lending [Member] | Total Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	16		14
Commercial Real Estate [Member] | Total commercial lending [Member] | Nonperforming Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	143		187
Commercial Real Estate [Member] | Total commercial lending [Member] | Purchased Impaired Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	112		133
Equipment Lease Financing [Member] | Total commercial lending [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	7,620		7,468
Equipment Lease Financing [Member] | Total commercial lending [Member] | Current or Less Than 30 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	7,596		7,440
Equipment Lease Financing [Member] | Total commercial lending [Member] | 30-59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	1		19
Equipment Lease Financing [Member] | Total commercial lending [Member] | 60-89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	4		2
Equipment Lease Financing [Member] | Total commercial lending [Member] | Total Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	5		21
Equipment Lease Financing [Member] | Total commercial lending [Member] | Nonperforming Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	19		7
Home Equity [Member] | Total consumer lending [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	30,883		32,133
Home Equity [Member] | Total consumer lending [Member] | Current or Less Than 30 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	28,604		29,656
Home Equity [Member] | Total consumer lending [Member] | 30-59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	63		63
Home Equity [Member] | Total consumer lending [Member] | 60-89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	27		30
Home Equity [Member] | Total consumer lending [Member] | Total Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	90		93
Home Equity [Member] | Total consumer lending [Member] | Nonperforming Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	926		977
Home Equity [Member] | Total consumer lending [Member] | Purchased Impaired Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	1,263		1,407
Residential Real Estate [Member] | Total consumer lending [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	14,799		14,411
Residential Real Estate [Member] | Total consumer lending [Member] | Current or Less Than 30 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	11,554		10,918
Residential Real Estate [Member] | Total consumer lending [Member] | 30-59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	128		142
Residential Real Estate [Member] | Total consumer lending [Member] | 30-59 Days Past Due [Member] | Government Insured or Guaranteed Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	57		56
Residential Real Estate [Member] | Total consumer lending [Member] | 60-89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	65		65
Residential Real Estate [Member] | Total consumer lending [Member] | 60-89 Days Past Due [Member] | Government Insured or Guaranteed Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	47		45
Residential Real Estate [Member] | Total consumer lending [Member] | 90 Days or More Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	489		566
Residential Real Estate [Member] | Total consumer lending [Member] | 90 Days or More Past Due [Member] | Government Insured or Guaranteed Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	466		545
Residential Real Estate [Member] | Total consumer lending [Member] | Total Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	682		773
Residential Real Estate [Member] | Total consumer lending [Member] | Nonperforming Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	513		549
Residential Real Estate [Member] | Total consumer lending [Member] | Fair Value Option Nonaccrual Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	215		225
Residential Real Estate [Member] | Total consumer lending [Member] | Purchased Impaired Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	1,835		1,946
Credit Card [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	4,896		4,862
Credit Card [Member] | Total consumer lending [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	4,896		4,862
Credit Card [Member] | Total consumer lending [Member] | Current or Less Than 30 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	4,820		4,779
Credit Card [Member] | Total consumer lending [Member] | 30-59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	25		28
Credit Card [Member] | Total consumer lending [Member] | 60-89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	17		19
Credit Card [Member] | Total consumer lending [Member] | 90 Days or More Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	30		33
Credit Card [Member] | Total consumer lending [Member] | Total Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	72		80
Credit Card [Member] | Total consumer lending [Member] | Nonperforming Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	4		3
Other Consumer [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	21,456		21,746
Other Consumer [Member] | Total consumer lending [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	21,456		21,746
Other Consumer [Member] | Total consumer lending [Member] | Current or Less Than 30 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	20,940		21,181
Other Consumer [Member] | Total consumer lending [Member] | 30-59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	181		180
Other Consumer [Member] | Total consumer lending [Member] | 30-59 Days Past Due [Member] | Government Insured or Guaranteed Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	110		116
Other Consumer [Member] | Total consumer lending [Member] | 60-89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	85		96
Other Consumer [Member] | Total consumer lending [Member] | 60-89 Days Past Due [Member] | Government Insured or Guaranteed Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	64		75
Other Consumer [Member] | Total consumer lending [Member] | 90 Days or More Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	197		237
Other Consumer [Member] | Total consumer lending [Member] | 90 Days or More Past Due [Member] | Government Insured or Guaranteed Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	184		220
Other Consumer [Member] | Total consumer lending [Member] | Total Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	463		513
Other Consumer [Member] | Total consumer lending [Member] | Nonperforming Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Loans	$ 53		$ 52

[1] Our consolidated assets at June 30, 2016 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $2.1 billion, Loans of $.9 billion, and Other assets of $349 million. Our consolidated assets at December 31, 2015 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $1.5 billion, Loans of $.9 billion, and Other assets of $521 million.

XML

Asset Quality (Nonperforming Assets) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Nonperforming loans	$ 2,264	$ 2,126
Other real estate owned (OREO)	239	279
Foreclosed and other assets	12	20
Total OREO and foreclosed assets	251	299
Total nonperforming assets	$ 2,515	$ 2,425
Nonperforming loans to total loans	1.08%	1.03%
Nonperforming assets to total loans, OREO and foreclosed assets	1.20%	1.17%
Nonperforming assets to total assets	0.70%	0.68%
Mortgage loans in process of foreclosure	$ 400	$ 600
Government Insured or Guaranteed Loans [Member]
Mortgage loans in process of foreclosure	300	300
Total commercial lending [Member]
Nonperforming loans	768	545
Total consumer lending [Member]
Nonperforming loans	$ 1,496	$ 1,581

XML

Asset Quality (Commercial Lending Asset Quality Indicators) (Details) - USD ($)	Jun. 30, 2016		Dec. 31, 2015		Jun. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Purchased impaired loans	$ 3,236,000,000				$ 4,465,000,000
Total Loans	209,056,000,000	[1]	$ 206,696,000,000	[1]	205,153,000,000
Total commercial lending [Member]
Financing Receivable, Recorded Investment [Line Items]
Purchased impaired loans	138,000,000		169,000,000		235,000,000
Total Loans	137,022,000,000		133,544,000,000		$ 130,722,000,000
Total commercial lending [Member] | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	100,536,000,000		98,572,000,000
Total Loans	100,562,000,000		98,608,000,000
Total commercial lending [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	28,728,000,000		27,335,000,000
Total Loans	28,840,000,000		27,468,000,000
Total commercial lending [Member] | Equipment Lease Financing [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	7,620,000,000		7,468,000,000
Total Loans	7,620,000,000		7,468,000,000
Pass [Member] | Total commercial lending [Member]
Financing Receivable, Recorded Investment [Line Items]
Purchased impaired loans	35,000,000
Total Loans	130,584,000,000		127,323,000,000
Pass [Member] | Total commercial lending [Member] | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	94,962,000,000		93,364,000,000
Pass [Member] | Total commercial lending [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	28,251,000,000		26,729,000,000
Pass [Member] | Total commercial lending [Member] | Equipment Lease Financing [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	7,336,000,000		7,230,000,000
Special Mention [Member] | Total commercial lending [Member]
Financing Receivable, Recorded Investment [Line Items]
Purchased impaired loans	1,000,000		6,000,000
Total Loans	2,299,000,000		2,242,000,000
Special Mention [Member] | Total commercial lending [Member] | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	2,174,000,000		2,029,000,000
Special Mention [Member] | Total commercial lending [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	68,000,000		120,000,000
Special Mention [Member] | Total commercial lending [Member] | Equipment Lease Financing [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	56,000,000		87,000,000
Substandard [Member] | Total commercial lending [Member]
Financing Receivable, Recorded Investment [Line Items]
Purchased impaired loans	91,000,000		157,000,000
Total Loans	3,945,000,000		3,877,000,000
Substandard [Member] | Total commercial lending [Member] | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	3,237,000,000		3,089,000,000
Substandard [Member] | Total commercial lending [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	398,000,000		481,000,000
Substandard [Member] | Total commercial lending [Member] | Equipment Lease Financing [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	219,000,000		150,000,000
Doubtful [Member] | Total commercial lending [Member]
Financing Receivable, Recorded Investment [Line Items]
Purchased impaired loans	11,000,000		6,000,000
Total Loans	194,000,000		102,000,000
Doubtful [Member] | Total commercial lending [Member] | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	163,000,000		90,000,000
Doubtful [Member] | Total commercial lending [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	11,000,000		5,000,000
Doubtful [Member] | Total commercial lending [Member] | Equipment Lease Financing [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	$ 9,000,000		$ 1,000,000

[1] Our consolidated assets at June 30, 2016 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $2.1 billion, Loans of $.9 billion, and Other assets of $349 million. Our consolidated assets at December 31, 2015 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $1.5 billion, Loans of $.9 billion, and Other assets of $521 million.

XML

Asset Quality (Home Equity and Residential Real Estate Balances) (Details) - USD ($) $ in Millions	Jun. 30, 2016		Dec. 31, 2015		Jun. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 209,056	[1]	$ 206,696	[1]	$ 205,153
Total home equity and residential real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	41,750		42,268
Purchased Impaired Loans - Outstanding Balance	3,379		3,684
Government insured or guaranteed residential real estate mortgages	834		923
Difference between outstanding balance and recorded investment - purchased impaired loans	(281)		(331)
Total loans	$ 45,682		$ 46,544

[1] Our consolidated assets at June 30, 2016 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $2.1 billion, Loans of $.9 billion, and Other assets of $349 million. Our consolidated assets at December 31, 2015 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $1.5 billion, Loans of $.9 billion, and Other assets of $521 million.

XML

Asset Quality (Consumer Real Estate Secured Asset Quality Indicators) (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Purchased Impaired Loans - Recorded Investment	$ 3,236,000,000		$ 4,465,000,000
% of Loans	100.00%	100.00%
Home Equity [Member] | 1st Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	$ 16,800,000,000	$ 17,060,000,000
Purchased Impaired Loans - Outstanding Balance	241,000,000	249,000,000
Home Equity [Member] | 2nd Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	12,820,000,000	13,666,000,000
Purchased Impaired Loans - Outstanding Balance	1,370,000,000	1,520,000,000
Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	12,130,000,000	11,542,000,000
Residential Real Estate [Member] | Government Insured or Guaranteed Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	834,000,000	923,000,000
Residential Real Estate [Member] | Purchased Impaired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Purchased Impaired Loans - Outstanding Balance	1,768,000,000	1,915,000,000
Total home equity and residential real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	41,750,000,000	42,268,000,000
Purchased Impaired Loans - Outstanding Balance	3,379,000,000	3,684,000,000
Purchased Impaired Loans - Recorded Investment	$ 3,098,000,000	$ 3,353,000,000
Total home equity and residential real estate loans [Member] | New Jersey [Member] | High Risk [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	16.00%	14.00%
Total home equity and residential real estate loans [Member] | Pennsylvania [Member] | High Risk [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	12.00%	12.00%
Total home equity and residential real estate loans [Member] | Illinois [Member] | High Risk [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	11.00%	11.00%
Total home equity and residential real estate loans [Member] | Illinois [Member] | Purchased Impaired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	11.00%	11.00%
Total home equity and residential real estate loans [Member] | Ohio [Member] | High Risk [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	11.00%	11.00%
Total home equity and residential real estate loans [Member] | Ohio [Member] | Purchased Impaired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	9.00%	9.00%
Total home equity and residential real estate loans [Member] | Florida [Member] | High Risk [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	7.00%	7.00%
Total home equity and residential real estate loans [Member] | Florida [Member] | Purchased Impaired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	14.00%	14.00%
Total home equity and residential real estate loans [Member] | California [Member] | Purchased Impaired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	16.00%	16.00%
Total home equity and residential real estate loans [Member] | Maryland [Member] | High Risk [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	7.00%	7.00%
Total home equity and residential real estate loans [Member] | Michigan [Member] | High Risk [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	4.00%	5.00%
Total home equity and residential real estate loans [Member] | Michigan [Member] | Purchased Impaired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	5.00%	5.00%
Total home equity and residential real estate loans [Member] | North Carolina [Member] | Purchased Impaired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	7.00%	7.00%
Total home equity and residential real estate loans [Member] | All Other States Maximum [Member] | High Risk [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	4.00%	4.00%
Total home equity and residential real estate loans [Member] | All Other States Maximum [Member] | Purchased Impaired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	4.00%	4.00%
Total home equity and residential real estate loans [Member] | All Other States [Member] | High Risk [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	32.00%	33.00%
Total home equity and residential real estate loans [Member] | All Other States [Member] | Purchased Impaired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	38.00%	38.00%
LTV greater than or equal to 125% and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Home Equity [Member] | 1st Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	$ 213,000,000	$ 283,000,000
Purchased Impaired Loans - Outstanding Balance	5,000,000	6,000,000
LTV greater than or equal to 125% and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Home Equity [Member] | 2nd Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	815,000,000	960,000,000
Purchased Impaired Loans - Outstanding Balance	138,000,000	164,000,000
LTV greater than or equal to 125% and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	227,000,000	284,000,000
Purchased Impaired Loans - Outstanding Balance	162,000,000	147,000,000
LTV greater than or equal to 125% and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Total home equity and residential real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	1,255,000,000	1,527,000,000
Purchased Impaired Loans - Outstanding Balance	305,000,000	317,000,000
LTV greater than or equal to 125% and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Home Equity [Member] | 1st Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	35,000,000	40,000,000
Purchased Impaired Loans - Outstanding Balance	5,000,000	6,000,000
LTV greater than or equal to 125% and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Home Equity [Member] | 2nd Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	148,000,000	189,000,000
Purchased Impaired Loans - Outstanding Balance	62,000,000	79,000,000
LTV greater than or equal to 125% and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	51,000,000	68,000,000
Purchased Impaired Loans - Outstanding Balance	60,000,000	76,000,000
LTV greater than or equal to 125% and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Total home equity and residential real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	234,000,000	297,000,000
Purchased Impaired Loans - Outstanding Balance	127,000,000	161,000,000
LTV greater than or equal to 125% and updated FICO scores [Member] | FICO Score- Missing [Member] | Home Equity [Member] | 1st Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	1,000,000	1,000,000
LTV greater than or equal to 125% and updated FICO scores [Member] | FICO Score- Missing [Member] | Home Equity [Member] | 2nd Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	6,000,000	8,000,000
Purchased Impaired Loans - Outstanding Balance	2,000,000	7,000,000
LTV greater than or equal to 125% and updated FICO scores [Member] | FICO Score- Missing [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	9,000,000	5,000,000
Purchased Impaired Loans - Outstanding Balance	4,000,000	5,000,000
LTV greater than or equal to 125% and updated FICO scores [Member] | FICO Score- Missing [Member] | Total home equity and residential real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	16,000,000	14,000,000
Purchased Impaired Loans - Outstanding Balance	6,000,000	12,000,000
LTV greater than or equal to 100% to less than 125% and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Home Equity [Member] | 1st Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	553,000,000	646,000,000
Purchased Impaired Loans - Outstanding Balance	9,000,000	12,000,000
LTV greater than or equal to 100% to less than 125% and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Home Equity [Member] | 2nd Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	1,541,000,000	1,733,000,000
Purchased Impaired Loans - Outstanding Balance	314,000,000	331,000,000
LTV greater than or equal to 100% to less than 125% and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	444,000,000	564,000,000
Purchased Impaired Loans - Outstanding Balance	165,000,000	186,000,000
LTV greater than or equal to 100% to less than 125% and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Total home equity and residential real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	2,538,000,000	2,943,000,000
Purchased Impaired Loans - Outstanding Balance	488,000,000	529,000,000
LTV greater than or equal to 100% to less than 125% and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Home Equity [Member] | 1st Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	78,000,000	92,000,000
Purchased Impaired Loans - Outstanding Balance	8,000,000	9,000,000
LTV greater than or equal to 100% to less than 125% and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Home Equity [Member] | 2nd Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	260,000,000	302,000,000
Purchased Impaired Loans - Outstanding Balance	126,000,000	145,000,000
LTV greater than or equal to 100% to less than 125% and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	105,000,000	102,000,000
Purchased Impaired Loans - Outstanding Balance	104,000,000	118,000,000
LTV greater than or equal to 100% to less than 125% and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Total home equity and residential real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	443,000,000	496,000,000
Purchased Impaired Loans - Outstanding Balance	238,000,000	272,000,000
LTV greater than or equal to 100% to less than 125% and updated FICO scores [Member] | FICO Score- Missing [Member] | Home Equity [Member] | 1st Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	3,000,000	3,000,000
LTV greater than or equal to 100% to less than 125% and updated FICO scores [Member] | FICO Score- Missing [Member] | Home Equity [Member] | 2nd Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	3,000,000	4,000,000
Purchased Impaired Loans - Outstanding Balance	2,000,000	8,000,000
LTV greater than or equal to 100% to less than 125% and updated FICO scores [Member] | FICO Score- Missing [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	12,000,000	8,000,000
Purchased Impaired Loans - Outstanding Balance	6,000,000	7,000,000
LTV greater than or equal to 100% to less than 125% and updated FICO scores [Member] | FICO Score- Missing [Member] | Total home equity and residential real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	18,000,000	15,000,000
Purchased Impaired Loans - Outstanding Balance	8,000,000	15,000,000
LTV greater than or equal to 90% to less than 100% and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Home Equity [Member] | 1st Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	626,000,000	698,000,000
Purchased Impaired Loans - Outstanding Balance	8,000,000	10,000,000
LTV greater than or equal to 90% to less than 100% and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Home Equity [Member] | 2nd Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	1,357,000,000	1,492,000,000
Purchased Impaired Loans - Outstanding Balance	158,000,000	167,000,000
LTV greater than or equal to 90% to less than 100% and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	561,000,000	615,000,000
Purchased Impaired Loans - Outstanding Balance	122,000,000	133,000,000
LTV greater than or equal to 90% to less than 100% and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Total home equity and residential real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	2,544,000,000	2,805,000,000
Purchased Impaired Loans - Outstanding Balance	288,000,000	310,000,000
LTV greater than or equal to 90% to less than 100% and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Home Equity [Member] | 1st Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	81,000,000	88,000,000
Purchased Impaired Loans - Outstanding Balance	5,000,000	6,000,000
LTV greater than or equal to 90% to less than 100% and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Home Equity [Member] | 2nd Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	203,000,000	226,000,000
Purchased Impaired Loans - Outstanding Balance	71,000,000	75,000,000
LTV greater than or equal to 90% to less than 100% and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	82,000,000	94,000,000
Purchased Impaired Loans - Outstanding Balance	66,000,000	68,000,000
LTV greater than or equal to 90% to less than 100% and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Total home equity and residential real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	366,000,000	408,000,000
Purchased Impaired Loans - Outstanding Balance	142,000,000	149,000,000
LTV greater than or equal to 90% to less than 100% and updated FICO scores [Member] | FICO Score- Missing [Member] | Home Equity [Member] | 1st Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	1,000,000	1,000,000
LTV greater than or equal to 90% to less than 100% and updated FICO scores [Member] | FICO Score- Missing [Member] | Home Equity [Member] | 2nd Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	2,000,000	3,000,000
Purchased Impaired Loans - Outstanding Balance	1,000,000	4,000,000
LTV greater than or equal to 90% to less than 100% and updated FICO scores [Member] | FICO Score- Missing [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	16,000,000	10,000,000
Purchased Impaired Loans - Outstanding Balance	3,000,000	3,000,000
LTV greater than or equal to 90% to less than 100% and updated FICO scores [Member] | FICO Score- Missing [Member] | Total home equity and residential real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	19,000,000	14,000,000
Purchased Impaired Loans - Outstanding Balance	4,000,000	7,000,000
LTV less than 90% and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Home Equity [Member] | 1st Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	13,928,000,000	13,895,000,000
Purchased Impaired Loans - Outstanding Balance	116,000,000	106,000,000
LTV less than 90% and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Home Equity [Member] | 2nd Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	7,631,000,000	7,808,000,000
Purchased Impaired Loans - Outstanding Balance	325,000,000	345,000,000
LTV less than 90% and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	9,734,000,000	9,117,000,000
Purchased Impaired Loans - Outstanding Balance	609,000,000	665,000,000
LTV less than 90% and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Total home equity and residential real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	31,293,000,000	30,820,000,000
Purchased Impaired Loans - Outstanding Balance	1,050,000,000	1,116,000,000
LTV less than 90% and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Home Equity [Member] | 1st Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	1,257,000,000	1,282,000,000
Purchased Impaired Loans - Outstanding Balance	81,000,000	91,000,000
LTV less than 90% and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Home Equity [Member] | 2nd Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	842,000,000	923,000,000
Purchased Impaired Loans - Outstanding Balance	168,000,000	182,000,000
LTV less than 90% and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	600,000,000	570,000,000
Purchased Impaired Loans - Outstanding Balance	421,000,000	455,000,000
LTV less than 90% and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Total home equity and residential real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	2,699,000,000	2,775,000,000
Purchased Impaired Loans - Outstanding Balance	670,000,000	728,000,000
LTV less than 90% and updated FICO scores [Member] | FICO Score- Missing [Member] | Home Equity [Member] | 1st Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	24,000,000	31,000,000
Purchased Impaired Loans - Outstanding Balance	1,000,000	1,000,000
LTV less than 90% and updated FICO scores [Member] | FICO Score- Missing [Member] | Home Equity [Member] | 2nd Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	12,000,000	18,000,000
Purchased Impaired Loans - Outstanding Balance	3,000,000	13,000,000
LTV less than 90% and updated FICO scores [Member] | FICO Score- Missing [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	287,000,000	105,000,000
Purchased Impaired Loans - Outstanding Balance	26,000,000	31,000,000
LTV less than 90% and updated FICO scores [Member] | FICO Score- Missing [Member] | Total home equity and residential real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	323,000,000	154,000,000
Purchased Impaired Loans - Outstanding Balance	30,000,000	45,000,000
Missing LTV and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Home Equity [Member] | 1st Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Purchased Impaired Loans - Outstanding Balance	2,000,000	1,000,000
Missing LTV and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	2,000,000
Purchased Impaired Loans - Outstanding Balance	15,000,000	14,000,000
Missing LTV and updated FICO scores [Member] | FICO Score- Greater than 660 [Member] | Total home equity and residential real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans - Excluding Purchased Impaired Loans	2,000,000
Purchased Impaired Loans - Outstanding Balance	17,000,000	15,000,000
Missing LTV and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Home Equity [Member] | 1st Liens [Member]
Financing Receivable, Recorded Investment [Line Items]
Purchased Impaired Loans - Outstanding Balance	1,000,000	1,000,000
Missing LTV and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Purchased Impaired Loans - Outstanding Balance	4,000,000	6,000,000
Missing LTV and updated FICO scores [Member] | FICO Score- Less than or equal to 660 [Member] | Total home equity and residential real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Purchased Impaired Loans - Outstanding Balance	5,000,000	7,000,000
Missing LTV and updated FICO scores [Member] | FICO Score- Missing [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Purchased Impaired Loans - Outstanding Balance	1,000,000	1,000,000
Missing LTV and updated FICO scores [Member] | FICO Score- Missing [Member] | Total home equity and residential real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Purchased Impaired Loans - Outstanding Balance	$ 1,000,000	$ 1,000,000

XML

Asset Quality (Credit Card and Other Consumer Loan Classes Asset Quality Indicators) (Details) $ in Millions	Jun. 30, 2016 USD ($)		Dec. 31, 2015 USD ($)		Jun. 30, 2015 USD ($)
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 209,056	[1]	$ 206,696	[1]	$ 205,153
% of Loans	100.00%		100.00%
Credit Card [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 4,896		$ 4,862
Credit Card [Member] | High Risk [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 32		$ 34
Credit Card [Member] | High Risk [Member] | Ohio [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	17.00%		17.00%
Credit Card [Member] | High Risk [Member] | Pennsylvania [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	16.00%		15.00%
Credit Card [Member] | High Risk [Member] | Michigan [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	8.00%		8.00%
Credit Card [Member] | High Risk [Member] | New Jersey [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	8.00%		8.00%
Credit Card [Member] | High Risk [Member] | Florida [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	7.00%		7.00%
Credit Card [Member] | High Risk [Member] | Illinois [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	6.00%		6.00%
Credit Card [Member] | High Risk [Member] | Indiana [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	4.00%		6.00%
Credit Card [Member] | High Risk [Member] | Maryland [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	5.00%		4.00%
Credit Card [Member] | High Risk [Member] | Kentucky [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	4.00%
Credit Card [Member] | High Risk [Member] | North Carolina [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans			4.00%
Credit Card [Member] | High Risk [Member] | All Other States Maximum [Member]
Financing Receivable, Recorded Investment [Line Items]
% of Loans	4.00%		4.00%
Credit Card [Member] | Using FICO Credit Metric [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 4,896		$ 4,862
% of Loans	100.00%		100.00%
Weighted average FICO score	735		734
Credit Card [Member] | FICO Score - Greater than 719 [Member] | Using FICO Credit Metric [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 2,979		$ 2,936
% of Loans	61.00%		60.00%
Credit Card [Member] | FICO Score - 650 to 719 [Member] | Using FICO Credit Metric [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 1,362		$ 1,346
% of Loans	28.00%		28.00%
Credit Card [Member] | FICO Score - 620 to 649 [Member] | Using FICO Credit Metric [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 196		$ 202
% of Loans	4.00%		4.00%
Credit Card [Member] | FICO Score - Less than 620 [Member] | Using FICO Credit Metric [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 207		$ 227
% of Loans	4.00%		5.00%
Credit Card [Member] | No FICO Score Available Or Required [Member] | Using FICO Credit Metric [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 152		$ 151
% of Loans	3.00%		3.00%
Other Consumer Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 21,456		$ 21,746
Other Consumer Loans [Member] | Using FICO Credit Metric [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 14,818		$ 14,533
% of Loans	100.00%		100.00%
Weighted average FICO score	746		744
Other Consumer Loans [Member] | FICO Score - Greater than 719 [Member] | Using FICO Credit Metric [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 9,765		$ 9,371
% of Loans	66.00%		65.00%
Other Consumer Loans [Member] | FICO Score - 650 to 719 [Member] | Using FICO Credit Metric [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 3,594		$ 3,534
% of Loans	24.00%		24.00%
Other Consumer Loans [Member] | FICO Score - 620 to 649 [Member] | Using FICO Credit Metric [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 507		$ 523
% of Loans	3.00%		4.00%
Other Consumer Loans [Member] | FICO Score - Less than 620 [Member] | Using FICO Credit Metric [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 584		$ 604
% of Loans	4.00%		4.00%
Other Consumer Loans [Member] | No FICO Score Available Or Required [Member] | Using FICO Credit Metric [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 368		$ 501
% of Loans	3.00%		3.00%
Other Consumer Loans [Member] | Other Internal Credit Metrics [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 6,638		$ 7,213

[1] Our consolidated assets at June 30, 2016 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $2.1 billion, Loans of $.9 billion, and Other assets of $349 million. Our consolidated assets at December 31, 2015 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $1.5 billion, Loans of $.9 billion, and Other assets of $521 million.

XML

Asset Quality (Summary of TDRs) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings (TDRs)	$ 2,448	$ 2,351
Nonperforming [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings (TDRs)	1,240	1,119
Accruing [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings (TDRs)	1,208	1,232
Total commercial lending [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings (TDRs)	588	434
Total consumer lending [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings (TDRs)	$ 1,860	$ 1,917

XML

Asset Quality (Financial Impact and TDRs by Concession Type) (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016 USD ($) loans	Jun. 30, 2015 USD ($) loans	Jun. 30, 2016 USD ($) loans	Jun. 30, 2015 USD ($) loans
Financing Receivable, Modifications [Line Items]
Number of Loans | loans	2,700	2,806	5,707	5,461
Pre-TDR Recorded Investment	$ 261	$ 128	$ 497	$ 260
Post-TDR Recorded Investment	237	111	453	230
Principal Forgiveness [Member]
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment		4		6
Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	80	50	134	91
Other [Member]
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	$ 157	$ 57	$ 319	$ 133
Total commercial lending [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | loans	30	37	72	75
Pre-TDR Recorded Investment	$ 204	$ 42	$ 372	$ 105
Post-TDR Recorded Investment	183	28	335	81
Total commercial lending [Member] | Principal Forgiveness [Member]
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment		4		6
Total commercial lending [Member] | Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	42	3	52	3
Total commercial lending [Member] | Other [Member]
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	$ 141	$ 21	$ 283	$ 72
Total consumer lending [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | loans	2,670	2,769	5,635	5,386
Pre-TDR Recorded Investment	$ 57	$ 86	$ 125	$ 155
Post-TDR Recorded Investment	54	83	118	149
Total consumer lending [Member] | Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	38	47	82	88
Total consumer lending [Member] | Other [Member]
Financing Receivable, Modifications [Line Items]
Post-TDR Recorded Investment	$ 16	$ 36	$ 36	$ 61

XML

Asset Quality (Impaired Loans) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Unpaid Principal Balance - Impaired Financing Receivable [Abstract]
Unpaid principal balance - Impaired loans with an associated allowance	$ 2,157	$ 2,085
Unpaid principal balance - Impaired loans without an associated allowance	1,532	1,407
Unpaid principal balance - Total impaired loans	3,689	3,492
Recorded Investment - Impaired Financing Receivable [Abstract]
Recorded investment - Impaired loans with an associated allowance	1,834	1,774
Recorded investment - Impaired loans without an associated allowance	986	886
Recorded investment - Total impaired loans	2,820	2,660
Associated Allowance - Total impaired loans	421	395
Average Recorded Receivable - Impaired Financing Receivable [Abstract]
Average recorded investment - Impaired loans with an associated allowance	1,798	1,977
Average recorded investment - Impaired loans without an associated allowance	971	767
Average recorded investment - Total impaired loans	2,769	2,744
TDRs [Member]
Recorded Investment - Impaired Financing Receivable [Abstract]
Associated Allowance for TDRs	357	319	$ 309
Commercial [Member]
Unpaid Principal Balance - Impaired Financing Receivable [Abstract]
Unpaid principal balance - Impaired loans with an associated allowance	661	442
Unpaid principal balance - Impaired loans without an associated allowance	328	201
Recorded Investment - Impaired Financing Receivable [Abstract]
Recorded investment - Impaired loans with an associated allowance	489	337
Recorded investment - Impaired loans without an associated allowance	230	118
Associated Allowance - Total impaired loans	140	84
Average Recorded Receivable - Impaired Financing Receivable [Abstract]
Average recorded investment - Impaired loans with an associated allowance	395	306
Average recorded investment - Impaired loans without an associated allowance	222	87
Commercial Real Estate [Member]
Unpaid Principal Balance - Impaired Financing Receivable [Abstract]
Unpaid principal balance - Impaired loans with an associated allowance	200	254
Unpaid principal balance - Impaired loans without an associated allowance	201	206
Recorded Investment - Impaired Financing Receivable [Abstract]
Recorded investment - Impaired loans with an associated allowance	97	130
Recorded investment - Impaired loans without an associated allowance	144	158
Associated Allowance - Total impaired loans	27	35
Average Recorded Receivable - Impaired Financing Receivable [Abstract]
Average recorded investment - Impaired loans with an associated allowance	110	197
Average recorded investment - Impaired loans without an associated allowance	152	168
Home Equity [Member]
Unpaid Principal Balance - Impaired Financing Receivable [Abstract]
Unpaid principal balance - Impaired loans with an associated allowance	919	978
Unpaid principal balance - Impaired loans without an associated allowance	471	464
Recorded Investment - Impaired Financing Receivable [Abstract]
Recorded investment - Impaired loans with an associated allowance	875	909
Recorded investment - Impaired loans without an associated allowance	215	206
Associated Allowance - Total impaired loans	196	216
Average Recorded Receivable - Impaired Financing Receivable [Abstract]
Average recorded investment - Impaired loans with an associated allowance	904	965
Average recorded investment - Impaired loans without an associated allowance	200	158
Residential Real Estate [Member]
Unpaid Principal Balance - Impaired Financing Receivable [Abstract]
Unpaid principal balance - Impaired loans with an associated allowance	246	272
Unpaid principal balance - Impaired loans without an associated allowance	509	512
Recorded Investment - Impaired Financing Receivable [Abstract]
Recorded investment - Impaired loans with an associated allowance	245	264
Recorded investment - Impaired loans without an associated allowance	389	396
Associated Allowance - Total impaired loans	31	35
Average Recorded Receivable - Impaired Financing Receivable [Abstract]
Average recorded investment - Impaired loans with an associated allowance	258	359
Average recorded investment - Impaired loans without an associated allowance	389	346
Credit Card [Member]
Unpaid Principal Balance - Impaired Financing Receivable [Abstract]
Unpaid principal balance - Impaired loans with an associated allowance	104	108
Recorded Investment - Impaired Financing Receivable [Abstract]
Recorded investment - Impaired loans with an associated allowance	104	108
Associated Allowance - Total impaired loans	26	24
Average Recorded Receivable - Impaired Financing Receivable [Abstract]
Average recorded investment - Impaired loans with an associated allowance	106	118
Other Consumer [Member]
Unpaid Principal Balance - Impaired Financing Receivable [Abstract]
Unpaid principal balance - Impaired loans with an associated allowance	27	31
Unpaid principal balance - Impaired loans without an associated allowance	23	24
Recorded Investment - Impaired Financing Receivable [Abstract]
Recorded investment - Impaired loans with an associated allowance	24	26
Recorded investment - Impaired loans without an associated allowance	8	8
Associated Allowance - Total impaired loans	1	1
Average Recorded Receivable - Impaired Financing Receivable [Abstract]
Average recorded investment - Impaired loans with an associated allowance	25	32
Average recorded investment - Impaired loans without an associated allowance	$ 8	$ 8

XML

Allowances for Loan and Lease Losses and Unfunded Loan Commitments and Letters of Credit (Rollforward of Allowance For Loan and Lease Losses and Associated Loan Data) (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2016		Jun. 30, 2015	Jun. 30, 2016		Jun. 30, 2015	Dec. 31, 2015
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance				$ 2,727,000,000		$ 3,331,000,000
Charge-offs				(449,000,000)		(392,000,000)
Recoveries				166,000,000		222,000,000
Net charge-offs				(283,000,000)		(170,000,000)
Provision For Credit Losses	$ 127,000,000		$ 46,000,000	279,000,000		100,000,000
Net change in allowance for unfunded loan commitments and letters of credit				(42,000,000)		13,000,000
Net Recoveries of purchased impaired loans				4,000,000
Other						(2,000,000)
Ending Balance	2,685,000,000		3,272,000,000	2,685,000,000		3,272,000,000
Loans collectively evaluated for impairment - associated allowance	1,939,000,000		2,043,000,000	1,939,000,000		2,043,000,000
Impaired loans - associated allowance	421,000,000			421,000,000			$ 395,000,000
Loans collectively evaluated for impairment	202,149,000,000		197,049,000,000	202,149,000,000		197,049,000,000
Fair value option loans	851,000,000		941,000,000	851,000,000		941,000,000
Purchased impaired loans	3,236,000,000		4,465,000,000	3,236,000,000		4,465,000,000
Total loans	$ 209,056,000,000	[1]	$ 205,153,000,000	$ 209,056,000,000	[1]	$ 205,153,000,000	206,696,000,000	[1]
Portfolio segment ALLL as a percentage of total ALLL	100.00%		100.00%	100.00%		100.00%
Ratio of the allowance for loan and lease losses to total loans	1.28%		1.59%	1.28%		1.59%
TDRs [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Loans individually evaluated for impairment - associated allowance	$ 357,000,000		$ 309,000,000	$ 357,000,000		$ 309,000,000	319,000,000
Loans individually evaluated for impairment	2,448,000,000		2,416,000,000	2,448,000,000		2,416,000,000
Other Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Loans individually evaluated for impairment - associated allowance	64,000,000		65,000,000	64,000,000		65,000,000
Loans individually evaluated for impairment	372,000,000		282,000,000	372,000,000		282,000,000
Purchased Impaired Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Impaired loans - associated allowance	325,000,000		855,000,000	325,000,000		855,000,000
Evaluated Based On Collateral Values [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Loans collectively evaluated for impairment	149,000,000		174,000,000	149,000,000		174,000,000
Total commercial lending [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance				1,605,000,000		1,571,000,000
Charge-offs				(187,000,000)		(108,000,000)
Recoveries				88,000,000		134,000,000
Net charge-offs				(99,000,000)		26,000,000
Provision For Credit Losses				153,000,000		20,000,000
Net change in allowance for unfunded loan commitments and letters of credit				(41,000,000)		13,000,000
Other						(2,000,000)
Ending Balance	1,618,000,000		1,628,000,000	1,618,000,000		1,628,000,000
Loans collectively evaluated for impairment - associated allowance	1,407,000,000		1,461,000,000	1,407,000,000		1,461,000,000
Loans collectively evaluated for impairment	135,924,000,000		129,791,000,000	135,924,000,000		129,791,000,000
Purchased impaired loans	138,000,000		235,000,000	138,000,000		235,000,000	169,000,000
Total loans	$ 137,022,000,000		$ 130,722,000,000	$ 137,022,000,000		$ 130,722,000,000	133,544,000,000
Portfolio segment ALLL as a percentage of total ALLL	60.00%		50.00%	60.00%		50.00%
Ratio of the allowance for loan and lease losses to total loans	1.18%		1.25%	1.18%		1.25%
Total commercial lending [Member] | TDRs [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Loans individually evaluated for impairment - associated allowance	$ 103,000,000		$ 35,000,000	$ 103,000,000		$ 35,000,000
Loans individually evaluated for impairment	588,000,000		414,000,000	588,000,000		414,000,000
Total commercial lending [Member] | Other Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Loans individually evaluated for impairment - associated allowance	64,000,000		65,000,000	64,000,000		65,000,000
Loans individually evaluated for impairment	372,000,000		282,000,000	372,000,000		282,000,000
Total commercial lending [Member] | Purchased Impaired Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Impaired loans - associated allowance	44,000,000		67,000,000	44,000,000		67,000,000
Total consumer lending [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance				1,122,000,000		1,760,000,000
Charge-offs				(262,000,000)		(284,000,000)
Recoveries				78,000,000		88,000,000
Net charge-offs				(184,000,000)		(196,000,000)
Provision For Credit Losses				126,000,000		80,000,000
Net change in allowance for unfunded loan commitments and letters of credit				(1,000,000)
Net Recoveries of purchased impaired loans				4,000,000
Ending Balance	1,067,000,000		1,644,000,000	1,067,000,000		1,644,000,000
Loans collectively evaluated for impairment - associated allowance	532,000,000		582,000,000	532,000,000		582,000,000
Loans collectively evaluated for impairment	66,225,000,000		67,258,000,000	66,225,000,000		67,258,000,000
Fair value option loans	851,000,000		941,000,000	851,000,000		941,000,000
Purchased impaired loans	3,098,000,000		4,230,000,000	3,098,000,000		4,230,000,000
Total loans	$ 72,034,000,000		$ 74,431,000,000	$ 72,034,000,000		$ 74,431,000,000	$ 73,152,000,000
Portfolio segment ALLL as a percentage of total ALLL	40.00%		50.00%	40.00%		50.00%
Ratio of the allowance for loan and lease losses to total loans	1.48%		2.21%	1.48%		2.21%
Total consumer lending [Member] | TDRs [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Loans individually evaluated for impairment - associated allowance	$ 254,000,000		$ 274,000,000	$ 254,000,000		$ 274,000,000
Loans individually evaluated for impairment	1,860,000,000		2,002,000,000	1,860,000,000		2,002,000,000
Total consumer lending [Member] | Purchased Impaired Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Impaired loans - associated allowance	$ 281,000,000		$ 788,000,000	$ 281,000,000		$ 788,000,000

[1] Our consolidated assets at June 30, 2016 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $2.1 billion, Loans of $.9 billion, and Other assets of $349 million. Our consolidated assets at December 31, 2015 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $1.5 billion, Loans of $.9 billion, and Other assets of $521 million.

XML

Allowances for Loan and Lease Losses and Unfunded Loan Commitments and Letters Of Credit (Rollforward of Allowance for Unfunded Loan Commitments and Letters of Credit) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Allowance For Loan And Lease Losses [Abstract]
Beginning balance	$ 261	$ 259
Net change in allowance for unfunded loan commitments and letters of credit	42	(13)
Ending balance	$ 303	$ 246

XML

Investment Securities (Narrative) (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Schedule of Investments [Line Items]
Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held	$ 1,100,000,000
Gross unrealized loss on debt securities held to maturity in a continuous loss position for less than 12 months - fair value	200,000,000	$ 5,500,000,000
Gross unrealized loss on debt securities held to maturity in a continuous loss position for less than 12 months	500,000	59,000,000
Gross unrealized loss on debt securities held to maturity in a continuous loss position greater than 12 months	10,000,000	23,000,000
Gross unrealized loss on debt securities held to maturity	10,000,000	82,000,000
Gain on derivatives used to hedge purchase of investment securities	98,000,000
Gross unrealized loss on debt securities held to maturity in a continuous loss position greater than 12 months - fair value	900,000,000	$ 953,000,000
Federal Home Loan Mortgage Corporation Certificates And Obligations [FHLMC Member]
Schedule of Investments [Line Items]
Fair value of debt securities of a single issuer that exceeeds 10 percent of shareholders equity	4,800,000,000
Amortized cost of debt securities of a single issuer that exceeeds 10 percent of shareholders equity	4,700,000,000
Federal National Mortgage Association Certificates And Obligations [FNMA Member]
Schedule of Investments [Line Items]
Fair value of debt securities of a single issuer that exceeeds 10 percent of shareholders equity	23,800,000,000
Amortized cost of debt securities of a single issuer that exceeeds 10 percent of shareholders equity	$ 23,300,000,000

XML

Investment Securities (Summary) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	$ 55,629	$ 55,269
Securities available for sale debt securities, unrealized gains	1,445	854
Securities available for sale debt securities, unrealized losses	(190)	(363)
Securities available for sale, fair value	56,884	55,760
Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	55,146	54,679
Securities available for sale debt securities, unrealized gains	1,444	854
Securities available for sale debt securities, unrealized losses	(190)	(362)
Securities available for sale, fair value	56,400	55,171
Held to Maturity Securities, Amortized Cost, Total	14,917	14,768
Held-to-maturity securities, unrealized gains	574	311
Held-to-maturity securities, unrealized losses	(11)	(77)
Held-to-maturity securities, fair value	15,480	15,002
AFS to HTM Transfer Net Unrealized Gains In AOCI	84	97
US Treasury and Government Agencies Securities [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	9,794	9,764
Securities available for sale debt securities, unrealized gains	323	152
Securities available for sale debt securities, unrealized losses	(19)	(42)
Securities available for sale, fair value	10,098	9,874
Held to Maturity Securities, Amortized Cost, Total	263	258
Held-to-maturity securities, unrealized gains	68	40
Held-to-maturity securities, fair value	331	298
Residential Mortgage-backed Securities [Member] | Mortgage-backed Securities Agency [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	25,216	24,698
Securities available for sale debt securities, unrealized gains	568	250
Securities available for sale debt securities, unrealized losses	(16)	(128)
Securities available for sale, fair value	25,768	24,820
Held to Maturity Securities, Amortized Cost, Total	10,058	9,552
Held-to-maturity securities, unrealized gains	245	101
Held-to-maturity securities, unrealized losses	(3)	(65)
Held-to-maturity securities, fair value	10,300	9,588
Residential Mortgage-backed Securities [Member] | Mortgage-backed Securities Non-agency [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	3,555	3,992
Securities available for sale debt securities, unrealized gains	214	247
Securities available for sale debt securities, unrealized losses	(80)	(88)
Securities available for sale, fair value	3,689	4,151
Held to Maturity Securities, Amortized Cost, Total	217	233
Held-to-maturity securities, unrealized gains	14	8
Held-to-maturity securities, fair value	231	241
Commercial Mortgage Backed Securities [Member] | Mortgage-backed Securities Agency [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	1,740	1,917
Securities available for sale debt securities, unrealized gains	26	11
Securities available for sale debt securities, unrealized losses	(3)	(10)
Securities available for sale, fair value	1,763	1,918
Held to Maturity Securities, Amortized Cost, Total	1,109	1,128
Held-to-maturity securities, unrealized gains	46	40
Held-to-maturity securities, fair value	1,155	1,168
Commercial Mortgage Backed Securities [Member] | Mortgage-backed Securities Non-agency [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	4,559	4,902
Securities available for sale debt securities, unrealized gains	70	30
Securities available for sale debt securities, unrealized losses	(25)	(29)
Securities available for sale, fair value	4,604	4,903
Held to Maturity Securities, Amortized Cost, Total	612	722
Held-to-maturity securities, unrealized gains	26	6
Held-to-maturity securities, unrealized losses		(1)
Held-to-maturity securities, fair value	638	727
Asset Backed Securities [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	5,682	5,417
Securities available for sale debt securities, unrealized gains	55	54
Securities available for sale debt securities, unrealized losses	(40)	(48)
Securities available for sale, fair value	5,697	5,423
Held to Maturity Securities, Amortized Cost, Total	705	717
Held-to-maturity securities, unrealized losses	(8)	(10)
Held-to-maturity securities, fair value	697	707
State and Municipal [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	1,984	1,982
Securities available for sale debt securities, unrealized gains	119	79
Securities available for sale debt securities, unrealized losses	(3)	(5)
Securities available for sale, fair value	2,100	2,056
Held to Maturity Securities, Amortized Cost, Total	1,931	1,954
Held-to-maturity securities, unrealized gains	175	116
Held-to-maturity securities, fair value	2,106	2,070
Other Debt Securities [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	2,616	2,007
Securities available for sale debt securities, unrealized gains	69	31
Securities available for sale debt securities, unrealized losses	(4)	(12)
Securities available for sale, fair value	2,681	2,026
Held to Maturity Securities, Amortized Cost, Total	22	204
Held-to-maturity securities, unrealized losses		(1)
Held-to-maturity securities, fair value	22	203
Corporate Stocks And Other [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale equity securities, fair value	484	589
Securities available for sale equity securities, unrealized losses		(1)
Securities available for sale equity securities, unrealized gains	1
Securities available for sale equity securities, amortized cost	$ 483	$ 590

XML

Investment Securities (Gross Unrealized Loss and Fair Value of Securities Available for Sale) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position less than 12 months - unrealized loss	$ (35.0)	$ (216.0)
Unrealized loss position less than 12 months - fair value	4,563.0	25,715.0
Unrealized loss position 12 months or more - unrealized loss	(155.0)	(147.0)
Unrealized loss position 12 months or more - fair value	7,710.0	4,425.0
Total unrealized loss	(190.0)	(363.0)
Total fair value	12,273.0	30,140.0
Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position less than 12 months - unrealized loss	(35.0)	(216.0)
Unrealized loss position less than 12 months - fair value	4,563.0	25,669.0
Unrealized loss position 12 months or more - unrealized loss	(155.0)	(146.0)
Unrealized loss position 12 months or more - fair value	7,695.0	4,410.0
Total unrealized loss	(190.0)	(362.0)
Total fair value	12,258.0	30,079.0
US Treasury and Government Agencies Securities [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position less than 12 months - unrealized loss	(6.0)	(40.0)
Unrealized loss position less than 12 months - fair value	1,030.0	5,885.0
Unrealized loss position 12 months or more - unrealized loss	(13.0)	(2.0)
Unrealized loss position 12 months or more - fair value	2,445.0	120.0
Total unrealized loss	(19.0)	(42.0)
Total fair value	3,475.0	6,005.0
Residential Mortgage-backed Securities [Member] | Mortgage-backed Securities Agency [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position less than 12 months - unrealized loss	(3.0)	(103.0)
Unrealized loss position less than 12 months - fair value	662.0	11,799.0
Unrealized loss position 12 months or more - unrealized loss	(13.0)	(25.0)
Unrealized loss position 12 months or more - fair value	879.0	1,094.0
Total unrealized loss	(16.0)	(128.0)
Total fair value	1,541.0	12,893.0
Residential Mortgage-backed Securities [Member] | Mortgage-backed Securities Non-agency [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position less than 12 months - unrealized loss	(6.0)	(3.0)
Unrealized loss position less than 12 months - fair value	344.0	368.0
Unrealized loss position 12 months or more - unrealized loss	(74.0)	(85.0)
Unrealized loss position 12 months or more - fair value	1,292.0	1,527.0
Total unrealized loss	(80.0)	(88.0)
Total fair value	1,636.0	1,895.0
Commercial Mortgage Backed Securities [Member] | Mortgage-backed Securities Agency [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position less than 12 months - unrealized loss	(2.0)	(7.0)
Unrealized loss position less than 12 months - fair value	122.0	745.0
Unrealized loss position 12 months or more - unrealized loss	(1.0)	(3.0)
Unrealized loss position 12 months or more - fair value	186.0	120.0
Total unrealized loss	(3.0)	(10.0)
Total fair value	308.0	865.0
Commercial Mortgage Backed Securities [Member] | Mortgage-backed Securities Non-agency [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position less than 12 months - unrealized loss	(5.0)	(22.0)
Unrealized loss position less than 12 months - fair value	1,006.0	2,310.0
Unrealized loss position 12 months or more - unrealized loss	(20.0)	(7.0)
Unrealized loss position 12 months or more - fair value	1,169.0	807.0
Total unrealized loss	(25.0)	(29.0)
Total fair value	2,175.0	3,117.0
Asset backed [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position less than 12 months - unrealized loss	(8.0)	(30.0)
Unrealized loss position less than 12 months - fair value	1,081.0	3,477.0
Unrealized loss position 12 months or more - unrealized loss	(32.0)	(18.0)
Unrealized loss position 12 months or more - fair value	1,567.0	494.0
Total unrealized loss	(40.0)	(48.0)
Total fair value	2,648.0	3,971.0
State and Municipal [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position less than 12 months - unrealized loss	(3.0)	(3.0)
Unrealized loss position less than 12 months - fair value	239.0	326.0
Unrealized loss position 12 months or more - unrealized loss	(0.5)	(2.0)
Unrealized loss position 12 months or more - fair value	55.0	60.0
Total unrealized loss	(3.0)	(5.0)
Total fair value	294.0	386.0
Other Debt Securities [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position less than 12 months - unrealized loss	(2.0)	(8.0)
Unrealized loss position less than 12 months - fair value	79.0	759.0
Unrealized loss position 12 months or more - unrealized loss	(2.0)	(4.0)
Unrealized loss position 12 months or more - fair value	102.0	188.0
Total unrealized loss	(4.0)	(12.0)
Total fair value	181.0	947.0
Corporate Stocks And Other [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position less than 12 months - unrealized loss		(0.5)
Unrealized loss position less than 12 months - fair value		46.0
Unrealized loss position 12 months or more - unrealized loss	(0.5)	(1.0)
Unrealized loss position 12 months or more - fair value	15.0	15.0
Total unrealized loss	(0.5)	(1.0)
Total fair value	$ 15.0	$ 61.0

XML

Investment Securities (Gains (Losses) on Sales of Securities Available for Sale) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Investment Securities Disclosure [Abstract]
Proceeds	$ 2,093	$ 2,441
Gross Gains	14	51
Gross Losses	(1)	(1)
Net Gains	13	50
Tax Expense	$ 5	$ 17

XML

Investment Securities (Contractual Maturity of Debt Securities) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	$ 55,629	$ 55,269
Available-for-sale Securities, Fair value, Total	56,884	55,760
Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	788
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	9,147
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	6,884
Available for Sale Securities, Amortized Cost, After 10 years	38,327
Securities available for sale, amortized cost	55,146	54,679
Available-for-sale Securities, Fair value, 1 year or less	794
Available-for-sale Securities, Fair value, After 1 year through 5 years	9,305
Available-for-sale Securities, Fair value, After 5 years through 10 years	7,033
Available-for-sale Securities, Fair value, After 10 years	39,268
Available-for-sale Securities, Fair value, Total	$ 56,400	55,171
Weighted-average yield, GAAP basis, available for sale securities	2.70%
Held to Maturity Securities, Amortized Cost, 1 year or less	$ 161
Held to Maturity Securities, Amortized Cost, After 1 year through 5 years	866
Held to Maturity Securities, Amortized Cost, After 5 years through 10 years	2,071
Held to Maturity Securities, Amortized Cost, After 10 years	11,819
Held to Maturity Securities, Amortized Cost, Total	14,917	14,768
Held-to-maturity Securities, Fair Value, 1 year or less	161
Held-to-maturity Securities, Fair Value, After 1 year through 5 years	901
Held-to-maturity Securities, Fair Value, After 5 years through 10 years	2,184
Held-to-maturity Securities, Fair Value, After 10 years	12,234
Held-to-maturity Securities, Debt Maturities, Fair Value, Total	$ 15,480	$ 15,002
Weighted-average yield, GAAP basis, held to maturity securities	3.39%
One Year or Less [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Weighted-average yield, GAAP basis, available for sale securities	2.44%
Weighted-average yield, GAAP basis, held to maturity securities	3.25%
After One Year Through Five Years [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Weighted-average yield, GAAP basis, available for sale securities	2.21%
Weighted-average yield, GAAP basis, held to maturity securities	3.47%
After Five Years Through Ten Years [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Weighted-average yield, GAAP basis, available for sale securities	2.31%
Weighted-average yield, GAAP basis, held to maturity securities	3.27%
After Ten Years [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Weighted-average yield, GAAP basis, available for sale securities	2.89%
Weighted-average yield, GAAP basis, held to maturity securities	3.40%
US Treasury and Government Agencies Securities [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	$ 445
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	5,014
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	3,260
Available for Sale Securities, Amortized Cost, After 10 years	1,075
Securities available for sale, amortized cost	9,794
Held to Maturity Securities, Amortized Cost, After 10 years	263
Held to Maturity Securities, Amortized Cost, Total	263
Residential Mortgage-backed Securities [Member] | Mortgage-backed Securities Agency [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	129
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	849
Available for Sale Securities, Amortized Cost, After 10 years	24,238
Securities available for sale, amortized cost	25,216
Held to Maturity Securities, Amortized Cost, After 1 year through 5 years	11
Held to Maturity Securities, Amortized Cost, After 5 years through 10 years	382
Held to Maturity Securities, Amortized Cost, After 10 years	9,665
Held to Maturity Securities, Amortized Cost, Total	10,058
Residential Mortgage-backed Securities [Member] | Mortgage-backed Securities Non-agency [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	3
Available for Sale Securities, Amortized Cost, After 10 years	3,552
Securities available for sale, amortized cost	3,555
Held to Maturity Securities, Amortized Cost, After 10 years	217
Held to Maturity Securities, Amortized Cost, Total	217
Commercial Mortgage Backed Securities [Member] | Mortgage-backed Securities Agency [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	6
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	122
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	282
Available for Sale Securities, Amortized Cost, After 10 years	1,330
Securities available for sale, amortized cost	1,740
Held to Maturity Securities, Amortized Cost, 1 year or less	157
Held to Maturity Securities, Amortized Cost, After 1 year through 5 years	774
Held to Maturity Securities, Amortized Cost, After 5 years through 10 years	121
Held to Maturity Securities, Amortized Cost, After 10 years	57
Held to Maturity Securities, Amortized Cost, Total	1,109
Commercial Mortgage Backed Securities [Member] | Mortgage-backed Securities Non-agency [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	50
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	21
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	8
Available for Sale Securities, Amortized Cost, After 10 years	4,480
Securities available for sale, amortized cost	4,559
Held to Maturity Securities, Amortized Cost, After 10 years	612
Held to Maturity Securities, Amortized Cost, Total	612
Asset backed [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	13
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	1,801
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	1,833
Available for Sale Securities, Amortized Cost, After 10 years	2,035
Securities available for sale, amortized cost	5,682
Held to Maturity Securities, Amortized Cost, After 1 year through 5 years	2
Held to Maturity Securities, Amortized Cost, After 5 years through 10 years	589
Held to Maturity Securities, Amortized Cost, After 10 years	114
Held to Maturity Securities, Amortized Cost, Total	705
State and Municipal [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	2
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	147
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	349
Available for Sale Securities, Amortized Cost, After 10 years	1,486
Securities available for sale, amortized cost	1,984
Held to Maturity Securities, Amortized Cost, 1 year or less	4
Held to Maturity Securities, Amortized Cost, After 1 year through 5 years	57
Held to Maturity Securities, Amortized Cost, After 5 years through 10 years	979
Held to Maturity Securities, Amortized Cost, After 10 years	891
Held to Maturity Securities, Amortized Cost, Total	1,931
Other Debt Securities [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	272
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	1,910
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	303
Available for Sale Securities, Amortized Cost, After 10 years	131
Securities available for sale, amortized cost	2,616
Held to Maturity Securities, Amortized Cost, After 1 year through 5 years	22
Held to Maturity Securities, Amortized Cost, Total	$ 22

XML

Investment Securities (Fair Value of Securities Pledged and Accepted as Collateral) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Investment Securities Disclosure [Abstract]
Pledged to others	$ 9,699	$ 9,674
Permitted by contract or custom to sell or repledge	1,183	1,100
Permitted amount repledged to others	$ 1,023	$ 943

XML

Fair Value (Recurring Fair Value Measurements) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Assets
Securities available for sale, fair value	$ 56,884,000,000	$ 55,760,000,000
Trading securities	2,006,000,000	1,726,000,000
Mortgage servicing rights	1,222,000,000	1,589,000,000
Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	56,400,000,000	55,171,000,000
Securities available for sale, fair value	56,884,000,000	55,760,000,000
Total financial derivatives	8,227,000,000	4,941,000,000
Trading securities	2,006,000,000	1,726,000,000
Total customer resale agreements	137,000,000	137,000,000
Loans	851,000,000	905,000,000
Other assets	634,000,000	817,000,000
Total Assets	73,459,000,000	68,804,000,000
Liabilities
Total financial derivatives	6,068,000,000	3,802,000,000
Total trading securities sold short	1,046,000,000	987,000,000
Other borrowed funds	70,000,000	93,000,000
Other liabilities	13,000,000	10,000,000
Total liabilities	7,197,000,000	4,892,000,000
Fair Value Additional Information [Abstract]
Fair value net derivative assets	2,976,000,000	1,836,000,000
Fair value net derivative liabilities	583,000,000	640,000,000
Net unrealized gains (losses)	79,000,000	23,000,000
US Treasury and Government Agencies Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	10,098,000,000	9,874,000,000
Residential mortgage-backed Securities [Member] | Mortgage-backed Securities Agency [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	25,768,000,000	24,820,000,000
Residential mortgage-backed Securities [Member] | Mortgage-backed Securities Non-agency [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	3,689,000,000	4,151,000,000
Commercial mortgage-backed securities [Member] | Mortgage-backed Securities Agency [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	1,763,000,000	1,918,000,000
Commercial mortgage-backed securities [Member] | Mortgage-backed Securities Non-agency [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	4,604,000,000	4,903,000,000
Asset backed [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	5,697,000,000	5,423,000,000
State and Municipal [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	2,100,000,000	2,056,000,000
Other Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	2,681,000,000	2,026,000,000
Corporate Stocks And Other [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Securities available for sale, fair value	484,000,000	589,000,000
Interest Rate Contracts [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total financial derivatives	7,808,000,000	4,655,000,000
Liabilities
Total financial derivatives	5,469,000,000	3,132,000,000
BlackRock LTIP [Member] | Fair Value, Measurements, Recurring [Member]
Liabilities
Total financial derivatives	209,000,000	357,000,000
Other Contracts [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total financial derivatives	419,000,000	286,000,000
Liabilities
Total financial derivatives	390,000,000	313,000,000
Residential Mortgage [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Loans held for sale	1,116,000,000	843,000,000
Mortgage servicing rights	774,000,000	1,063,000,000
Commercial Mortgage [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Loans held for sale	981,000,000	641,000,000
Mortgage servicing rights	448,000,000	526,000,000
Direct equity investments [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Equity investments - direct investments	1,120,000,000	1,098,000,000
Fair Value Additional Information [Abstract]
Direct Investments - Unfunded Commitments	22,000,000	23,000,000
Indirect Equity Investments [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Equity investments - indirect investments	281,000,000	347,000,000
Fair Value Additional Information [Abstract]
Indirect Investments - Unfunded Commitments	$ 109,000,000	103,000,000
Indirect Investments - Estimated remaining liquidation period	12 years
BlackRock Series C Preferred Stock | Fair Value, Measurements, Recurring [Member]
Assets
Other assets	$ 209,000,000	357,000,000
Other Assets [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Other assets	425,000,000	460,000,000
Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Trading securities	1,994,000,000	1,717,000,000
Liabilities
Total trading securities sold short	1,046,000,000	987,000,000
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Trading securities	12,000,000	9,000,000
Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	9,483,000,000	9,267,000,000
Securities available for sale, fair value	9,904,000,000	9,794,000,000
Trading securities	811,000,000	996,000,000
Other assets	254,000,000	254,000,000
Total Assets	10,969,000,000	11,044,000,000
Liabilities
Total financial derivatives	3,000,000	1,000,000
Total trading securities sold short	1,036,000,000	960,000,000
Total liabilities	1,039,000,000	961,000,000
Level 1 [Member] | US Treasury and Government Agencies Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	9,483,000,000	9,267,000,000
Level 1 [Member] | Corporate Stocks And Other [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Securities available for sale, fair value	421,000,000	527,000,000
Level 1 [Member] | Interest Rate Contracts [Member] | Fair Value, Measurements, Recurring [Member]
Liabilities
Total financial derivatives	3,000,000	1,000,000
Level 1 [Member] | Other Assets [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Other assets	254,000,000	254,000,000
Level 1 [Member] | Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Trading securities	799,000,000	987,000,000
Liabilities
Total trading securities sold short	1,036,000,000	960,000,000
Level 1 [Member] | Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Trading securities	12,000,000	9,000,000
Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	42,876,000,000	41,369,000,000
Securities available for sale, fair value	42,939,000,000	41,431,000,000
Total financial derivatives	8,176,000,000	4,910,000,000
Trading securities	1,193,000,000	727,000,000
Total customer resale agreements	137,000,000	137,000,000
Loans	534,000,000	565,000,000
Other assets	165,000,000	199,000,000
Total Assets	54,254,000,000	48,807,000,000
Liabilities
Total financial derivatives	5,680,000,000	3,328,000,000
Total trading securities sold short	10,000,000	27,000,000
Other borrowed funds	62,000,000	81,000,000
Total liabilities	5,752,000,000	3,436,000,000
Level 2 [Member] | US Treasury and Government Agencies Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	615,000,000	607,000,000
Level 2 [Member] | Residential mortgage-backed Securities [Member] | Mortgage-backed Securities Agency [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	25,768,000,000	24,820,000,000
Level 2 [Member] | Residential mortgage-backed Securities [Member] | Mortgage-backed Securities Non-agency [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	132,000,000	143,000,000
Level 2 [Member] | Commercial mortgage-backed securities [Member] | Mortgage-backed Securities Agency [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	1,763,000,000	1,918,000,000
Level 2 [Member] | Commercial mortgage-backed securities [Member] | Mortgage-backed Securities Non-agency [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	4,604,000,000	4,903,000,000
Level 2 [Member] | Asset backed [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	5,261,000,000	4,941,000,000
Level 2 [Member] | State and Municipal [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	2,085,000,000	2,041,000,000
Level 2 [Member] | Other Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	2,648,000,000	1,996,000,000
Level 2 [Member] | Corporate Stocks And Other [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Securities available for sale, fair value	63,000,000	62,000,000
Level 2 [Member] | Interest Rate Contracts [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total financial derivatives	7,761,000,000	4,626,000,000
Liabilities
Total financial derivatives	5,455,000,000	3,124,000,000
Level 2 [Member] | Other Contracts [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total financial derivatives	415,000,000	284,000,000
Liabilities
Total financial derivatives	225,000,000	204,000,000
Level 2 [Member] | Residential Mortgage [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Loans held for sale	1,110,000,000	838,000,000
Level 2 [Member] | Other Assets [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Other assets	165,000,000	199,000,000
Level 2 [Member] | Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Trading securities	1,193,000,000	727,000,000
Liabilities
Total trading securities sold short	10,000,000	27,000,000
Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	4,041,000,000	4,535,000,000
Securities available for sale, fair value	4,041,000,000	4,535,000,000
Total financial derivatives	51,000,000	31,000,000
Trading securities	2,000,000	3,000,000
Loans	317,000,000	340,000,000
Other assets	215,000,000	364,000,000
Total Assets	8,188,000,000	8,606,000,000
Liabilities
Total financial derivatives	385,000,000	473,000,000
Other borrowed funds	8,000,000	12,000,000
Other liabilities	13,000,000	10,000,000
Total liabilities	406,000,000	495,000,000
Level 3 [Member] | Residential mortgage-backed Securities [Member] | Mortgage-backed Securities Non-agency [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	3,557,000,000	4,008,000,000
Level 3 [Member] | Asset backed [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	436,000,000	482,000,000
Level 3 [Member] | State and Municipal [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	15,000,000	15,000,000
Level 3 [Member] | Other Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total debt securities	33,000,000	30,000,000
Level 3 [Member] | Interest Rate Contracts [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total financial derivatives	47,000,000	29,000,000
Liabilities
Total financial derivatives	11,000,000	7,000,000
Level 3 [Member] | BlackRock LTIP [Member] | Fair Value, Measurements, Recurring [Member]
Liabilities
Total financial derivatives	209,000,000	357,000,000
Level 3 [Member] | Other Contracts [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Total financial derivatives	4,000,000	2,000,000
Liabilities
Total financial derivatives	165,000,000	109,000,000
Level 3 [Member] | Residential Mortgage [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Loans held for sale	6,000,000	5,000,000
Mortgage servicing rights	774,000,000	1,063,000,000
Level 3 [Member] | Commercial Mortgage [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Loans held for sale	981,000,000	641,000,000
Mortgage servicing rights	448,000,000	526,000,000
Level 3 [Member] | Direct equity investments [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Equity investments - direct investments	1,120,000,000	1,098,000,000
Level 3 [Member] | Indirect Equity Investments [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Equity investments - indirect investments	233,000,000
Level 3 [Member] | BlackRock Series C Preferred Stock | Fair Value, Measurements, Recurring [Member]
Assets
Other assets	209,000,000	357,000,000
Level 3 [Member] | Other Assets [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Other assets	6,000,000	7,000,000
Level 3 [Member] | Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Trading securities	$ 2,000,000	$ 3,000,000

XML

Fair Value (Reconciliation of Recurring Fair Value Measurements) (Details) - Fair Value, Measurements, Recurring [Member] - Level 3 [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 8,029	$ 9,636	$ 8,606	$ 9,788
Included in earnings	(35)	255	(197)	351
Included in other comprehensive income	22	(3)	(38)	(14)
Purchases	187	213	303	392
Sales	(1,019)	(1,303)	(1,696)	(2,407)
Issuances	1,155	1,049	1,822	2,163
Settlements	(371)	(541)	(816)	(947)
Transfers Into Level 3	236	7	238	13
Transfers Out of Level 3	(16)	(19)	(34)	(45)
Ending Balance	8,188	9,294	8,188	9,294
Unrealized gains or (losses) on assets held on Consolidated Balance Sheet	(63)	203	(268)	204
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	355	710	495	716
Included in earnings	63	(12)	70	30
Sales	1	1	3	1
Issuances	51	21	112	46
Settlements	(64)	(47)	(274)	(120)
Ending Balance	406	673	406	673
Unrealized gains or (losses) on liabilities held on Consolidated Balance Sheet	65	(25)	69	(17)
Fair Value Additional Information [Abstract]
Net gains (losses) included in earnings (realized and unrealized) relating to Level 3 assets and liabilities	(98)	267	(267)	321
Net unrealized gains (losses) relating to Level 3 assets and liabilities	(128)	228	(337)	221
Available-for-sale Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	4,305	5,338	4,535	5,525
Included in earnings	14	36	39	75
Included in other comprehensive income	22	(3)	(36)	(14)
Purchases	7		9	3
Sales	(62)		(64)
Settlements	(245)	(367)	(442)	(585)
Ending Balance	4,041	5,004	4,041	5,004
Unrealized gains or (losses) on assets held on Consolidated Balance Sheet			(1)	(1)
Available-for-sale Securities [Member] | Residential mortgage-backed Securities [Member] | Mortgage-backed Securities Non-agency [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	3,810	4,624	4,008	4,798
Included in earnings	11	30	33	55
Included in other comprehensive income	17	(8)	(28)	(22)
Sales	(60)		(60)
Settlements	(221)	(222)	(396)	(407)
Ending Balance	3,557	4,424	3,557	4,424
Unrealized gains or (losses) on assets held on Consolidated Balance Sheet			(1)	(1)
Available-for-sale Securities [Member] | Commercial mortgage-backed securities [Member] | Mortgage-backed Securities Non-agency [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in earnings		1		8
Settlements		(1)		(8)
Available-for-sale Securities [Member] | Asset backed [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	451	548	482	563
Included in earnings	3	5	6	11
Included in other comprehensive income	4	5	(8)	9
Settlements	(22)	(27)	(44)	(52)
Ending Balance	436	531	436	531
Available-for-sale Securities [Member] | State and Municipal [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	14	133	15	134
Included in other comprehensive income	1			(1)
Settlements		(117)		(117)
Ending Balance	15	16	15	16
Available-for-sale Securities [Member] | Other debt [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	30	33	30	30
Included in earnings				1
Purchases	7		9	3
Sales	(2)		(4)
Settlements	(2)		(2)	(1)
Ending Balance	33	33	33	33
Financial Derivatives [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	41	54	31	42
Included in earnings	35	16	69	87
Purchases	1		1	1
Settlements	(26)	(34)	(50)	(94)
Ending Balance	51	36	51	36
Unrealized gains or (losses) on assets held on Consolidated Balance Sheet	32	33	65	76
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	333	529	473	526
Included in earnings	62	(15)	69	26
Sales	1	1	3	1
Settlements	(11)	(17)	(160)	(55)
Ending Balance	385	498	385	498
Unrealized gains or (losses) on liabilities held on Consolidated Balance Sheet	65	(25)	69	(17)
Loans Held For Sale [Member] | Residential Mortgage [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	4	7	5	6
Purchases	3	11	6	17
Sales		(2)	(1)	(2)
Settlements		(1)		(1)
Transfers Into Level 3	3	1	5	2
Transfers Out of Level 3	(4)	(6)	(9)	(12)
Ending Balance	6	10	6	10
Loans Held For Sale [Member] | Commercial Mortgage [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	655	975	641	893
Included in earnings	21	23	37	44
Sales	(805)	(1,215)	(1,454)	(2,235)
Issuances	1,129	1,008	1,776	2,091
Settlements	(19)	(34)	(19)	(36)
Ending Balance	981	757	981	757
Unrealized gains or (losses) on assets held on Consolidated Balance Sheet	12		13	2
Trading Securities - Debt [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	2	3	3	32
Settlements			(1)	(29)
Ending Balance	2	3	2	3
Mortgage Servicing Rights [Member] | Residential Mortgage [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	863	839	1,063	845
Included in earnings	(113)	135	(339)	68
Purchases	53	67	105	150
Issuances	12	21	23	38
Settlements	(41)	(47)	(78)	(86)
Ending Balance	774	1,015	774	1,015
Unrealized gains or (losses) on assets held on Consolidated Balance Sheet	(113)	134	(336)	72
Mortgage Servicing Rights [Member] | Commercial Mortgage [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	460	494	526	506
Included in earnings	(9)	34	(64)	18
Purchases	6	17	9	28
Issuances	14	20	23	34
Settlements	(23)	(22)	(46)	(43)
Ending Balance	448	543	448	543
Unrealized gains or (losses) on assets held on Consolidated Balance Sheet	(9)	34	(64)	18
Equity Investments [Member] | Direct equity investments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	1,156	1,149	1,098	1,152
Included in earnings	15	27	66	56
Purchases	95	95	118	138
Sales	(146)	(80)	(162)	(155)
Ending Balance	1,120	1,191	1,120	1,191
Unrealized gains or (losses) on assets held on Consolidated Balance Sheet	13	22	63	40
Equity Investments [Member] | Indirect Equity Investments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Transfers Into Level 3	233		233
Ending Balance	233		233
Loans [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	329	383	340	397
Included in earnings	1	5	3	15
Purchases	22	23	55	55
Sales	(6)	(4)	(14)	(8)
Settlements	(17)	(35)	(42)	(72)
Transfers Into Level 3		6		11
Transfers Out of Level 3	(12)	(13)	(25)	(33)
Ending Balance	317	365	317	365
Unrealized gains or (losses) on assets held on Consolidated Balance Sheet	1	1	2	9
Other Assets [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	214	394	364	390
Included in earnings	1	(21)	(8)	(12)
Included in other comprehensive income			(2)
Sales		(2)	(1)	(7)
Settlements		(1)	(138)	(1)
Ending Balance	215	370	215	370
Unrealized gains or (losses) on assets held on Consolidated Balance Sheet	1	(21)	(10)	(12)
Other Assets [Member] | BlackRock Series C Preferred Stock
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	208	384	357	375
Included in earnings	1	(21)	(10)	(12)
Settlements			(138)
Ending Balance	209	363	209	363
Unrealized gains or (losses) on assets held on Consolidated Balance Sheet	1	(21)	(10)	(12)
Other Assets [Member] | Other Assets [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	6	10	7	15
Included in earnings			2
Included in other comprehensive income			(2)
Sales		(2)	(1)	(7)
Settlements		(1)		(1)
Ending Balance	6	7	6	7
Other Borrowed Funds [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	8	171	12	181
Included in earnings		3		3
Issuances	17	21	40	46
Settlements	(17)	(30)	(44)	(65)
Ending Balance	8	165	8	165
Other Liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	14	10	10	9
Included in earnings	1		1	1
Issuances	34		72
Settlements	(36)		(70)
Ending Balance	$ 13	$ 10	$ 13	$ 10

XML

Fair Value (Fair Value Measurements- Recurring Quantitative Information) (Details) - Fair Value, Measurements, Recurring [Member] - Level 3 [Member] - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Assets - Fair Value	$ 8,188	$ 8,606
Recurring Liabilities - Fair Value	406	495
Total Recurring Assets Net of Recurring Liabilities - Fair Value	7,782	8,111
Available-for-sale Securities [Member] | Residential Mortgage-backed Securities [Member] | Mortgage-backed Securities Non-agency [Member] | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Assets - Fair Value	$ 3,557	$ 4,008
Available-for-sale Securities [Member] | Residential Mortgage-backed Securities [Member] | Mortgage-backed Securities Non-agency [Member] | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Constant prepayment rate (CPR)	1.00%	1.00%
Constant default rate (CDR)	0.00%	0.00%
Loss Severity	10.00%	10.00%
Available-for-sale Securities [Member] | Residential Mortgage-backed Securities [Member] | Mortgage-backed Securities Non-agency [Member] | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Constant prepayment rate (CPR)	24.20%	24.20%
Constant default rate (CDR)	16.70%	16.70%
Loss Severity	98.50%	98.50%
Available-for-sale Securities [Member] | Residential Mortgage-backed Securities [Member] | Mortgage-backed Securities Non-agency [Member] | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Constant prepayment rate (CPR)	7.00%	7.00%
Constant default rate (CDR)	5.40%	5.40%
Loss Severity	53.30%	53.30%
Spread over the benchmark curve	2.84%	2.41%
Available-for-sale Securities [Member] | Residential Mortgage-backed Securities [Member] | Mortgage-backed Securities Non-agency [Member] | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model [Member] | Third Party Pricing Services Available [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Assets - Fair Value	$ 3,018	$ 3,379
Available-for-sale Securities [Member] | Residential Mortgage-backed Securities [Member] | Mortgage-backed Securities Non-agency [Member] | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model [Member] | Third Party Pricing Services Unavailable [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Assets - Fair Value	539	629
Available-for-sale Securities [Member] | Asset backed [Member] | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Assets - Fair Value	$ 436	$ 482
Available-for-sale Securities [Member] | Asset backed [Member] | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Constant prepayment rate (CPR)	1.00%	1.00%
Constant default rate (CDR)	1.70%	1.70%
Loss Severity	24.20%	24.20%
Available-for-sale Securities [Member] | Asset backed [Member] | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Constant prepayment rate (CPR)	14.00%	14.00%
Constant default rate (CDR)	13.90%	13.90%
Loss Severity	100.00%	100.00%
Available-for-sale Securities [Member] | Asset backed [Member] | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Constant prepayment rate (CPR)	6.30%	6.30%
Constant default rate (CDR)	6.50%	6.80%
Loss Severity	78.10%	77.50%
Spread over the benchmark curve	3.94%	3.24%
Available-for-sale Securities [Member] | Asset backed [Member] | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model [Member] | Third Party Pricing Services Available [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Assets - Fair Value	$ 405	$ 448
Available-for-sale Securities [Member] | Asset backed [Member] | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model [Member] | Third Party Pricing Services Unavailable [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Assets - Fair Value	31	34
Mortgage Servicing Rights [Member] | Residential Mortgage [Member] | Discounted Cash Flow [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Assets - Fair Value	$ 774	$ 1,063
Mortgage Servicing Rights [Member] | Residential Mortgage [Member] | Discounted Cash Flow [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Constant prepayment rate (CPR)	0.00%	0.30%
Spread over the benchmark curve	2.52%	5.59%
Mortgage Servicing Rights [Member] | Residential Mortgage [Member] | Discounted Cash Flow [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Constant prepayment rate (CPR)	45.30%	46.50%
Spread over the benchmark curve	18.28%	18.83%
Mortgage Servicing Rights [Member] | Residential Mortgage [Member] | Discounted Cash Flow [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Constant prepayment rate (CPR)	19.20%	10.60%
Spread over the benchmark curve	8.65%	8.93%
Mortgage Servicing Rights [Member] | Commercial Mortgage [Member] | Discounted Cash Flow [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Assets - Fair Value	$ 448	$ 526
Mortgage Servicing Rights [Member] | Commercial Mortgage [Member] | Discounted Cash Flow [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Constant prepayment rate (CPR)	6.30%	3.90%
Discount rate	5.00%	2.60%
Mortgage Servicing Rights [Member] | Commercial Mortgage [Member] | Discounted Cash Flow [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Constant prepayment rate (CPR)	51.50%	26.50%
Discount rate	7.60%	7.70%
Mortgage Servicing Rights [Member] | Commercial Mortgage [Member] | Discounted Cash Flow [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Constant prepayment rate (CPR)	8.20%	5.70%
Discount rate	7.40%	7.50%
Loans Held For Sale [Member] | Commercial Mortgage [Member] | Discounted Cash Flow [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Assets - Fair Value	$ 981	$ 641
Loans Held For Sale [Member] | Commercial Mortgage [Member] | Discounted Cash Flow [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Spread over the benchmark curve	0.59%	0.85%
Estimated servicing cash flows	0.30%	0.00%
Loans Held For Sale [Member] | Commercial Mortgage [Member] | Discounted Cash Flow [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Spread over the benchmark curve	145.70%	42.70%
Estimated servicing cash flows	5.60%	7.00%
Loans Held For Sale [Member] | Commercial Mortgage [Member] | Discounted Cash Flow [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Spread over the benchmark curve	4.87%	5.47%
Estimated servicing cash flows	1.90%	0.90%
Equity Investments [Member] | Direct equity investments [Member] | Multiple Of Adjusted Earnings [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Assets - Fair Value	$ 1,120	$ 1,098
Equity Investments [Member] | Direct equity investments [Member] | Multiple Of Adjusted Earnings [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Multiple of earnings	4.5	4.2
Equity Investments [Member] | Direct equity investments [Member] | Multiple Of Adjusted Earnings [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Multiple of earnings	12	14.1
Equity Investments [Member] | Direct equity investments [Member] | Multiple Of Adjusted Earnings [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Multiple of earnings	7.4	7.6
Equity Investments [Member] | Indirect Equity Investments [Member] | Consensus Pricing [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Assets - Fair Value	$ 233
Equity Investments [Member] | Indirect Equity Investments [Member] | Consensus Pricing [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liquidity Discount	0.00%
Equity Investments [Member] | Indirect Equity Investments [Member] | Consensus Pricing [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liquidity Discount	40.00%
Loans - Residential real estate [Member] | Discounted Cash Flow [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Assets - Fair Value	$ 104	$ 116
Loans - Residential real estate [Member] | Discounted Cash Flow [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss Severity	8.00%	8.00%
Discount rate	3.70%	3.90%
Loans - Residential real estate [Member] | Consensus Pricing [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Assets - Fair Value	$ 125	$ 123
Loans - Residential real estate [Member] | Consensus Pricing [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss Severity	0.00%	0.00%
Cumulative default rate	11.00%	2.00%
Discount rate	4.70%	4.90%
Loans - Residential real estate [Member] | Consensus Pricing [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss Severity	100.00%	100.00%
Cumulative default rate	100.00%	100.00%
Discount rate	6.70%	7.00%
Loans - Residential real estate [Member] | Consensus Pricing [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss Severity	24.70%	27.30%
Cumulative default rate	87.70%	85.10%
Discount rate	5.10%	5.20%
Loans - Home equity [Member] | Consensus Pricing [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Assets - Fair Value	$ 88	$ 101
Loans - Home equity [Member] | Consensus Pricing [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit and Liquidity discount	0.00%	26.00%
Loans - Home equity [Member] | Consensus Pricing [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit and Liquidity discount	99.00%	99.00%
Loans - Home equity [Member] | Consensus Pricing [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit and Liquidity discount	57.00%	54.00%
Other Assets [Member] | BlackRock Series C Preferred Stock | Consensus Pricing [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Assets - Fair Value	$ 209	$ 357
Other Assets [Member] | BlackRock Series C Preferred Stock | Consensus Pricing [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liquidity Discount	20.00%	20.00%
Other Assets [Member] | BlackRock Series C Preferred Stock | Consensus Pricing [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liquidity Discount	20.00%	20.00%
Other Assets [Member] | BlackRock Series C Preferred Stock | Consensus Pricing [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liquidity Discount	20.00%	20.00%
Financial Derivatives [Member] | BlackRock LTIP [Member] | Consensus Pricing [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Liabilities - Fair Value	$ 209	$ 357
Financial Derivatives [Member] | BlackRock LTIP [Member] | Consensus Pricing [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liquidity Discount	20.00%	20.00%
Financial Derivatives [Member] | BlackRock LTIP [Member] | Consensus Pricing [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liquidity Discount	20.00%	20.00%
Financial Derivatives [Member] | BlackRock LTIP [Member] | Consensus Pricing [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liquidity Discount	20.00%	20.00%
Financial Derivatives [Member] | Visa Class B Swap [Member] | Discounted Cash Flow [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Liabilities - Fair Value	$ 158	$ 104
Financial Derivatives [Member] | Visa Class B Swap [Member] | Discounted Cash Flow [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated conversion factor of Class B shares into Class A shares	164.30%	164.30%
Estimated growth rate of Visa Class A share price	14.00%	16.30%
Financial Derivatives [Member] | Visa Class B Swap [Member] | Discounted Cash Flow [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated conversion factor of Class B shares into Class A shares	164.30%	164.30%
Estimated growth rate of Visa Class A share price	14.00%	16.30%
Financial Derivatives [Member] | Visa Class B Swap [Member] | Discounted Cash Flow [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated conversion factor of Class B shares into Class A shares	164.30%	164.30%
Estimated growth rate of Visa Class A share price	14.00%	16.30%
Insignificant Assets, Net of Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Assets - Fair Value	$ 74	$ 57

XML

Fair Value (Nonrecurring Fair Value Measurements) (Details) - Fair Value, Measurements, Nonrecurring [Member] - Level 3 [Member] - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring Assets - Fair Value	$ 294,000,000		$ 294,000,000		$ 195,000,000
Nonrecurring Assets - Gains (Losses)	(58,000,000)	$ (32,000,000)	(74,000,000)	$ (46,000,000)
Nonaccrual Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring Assets - Fair Value	184,000,000		184,000,000		30,000,000
Nonrecurring Assets - Gains (Losses)	(51,000,000)	(15,000,000)	(58,000,000)	(15,000,000)
OREO and Foreclosed Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring Assets - Fair Value	103,000,000		103,000,000		137,000,000
Nonrecurring Assets - Gains (Losses)	(6,000,000)	(12,000,000)	(12,000,000)	(18,000,000)
Insignificant Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring Assets - Fair Value	7,000,000		7,000,000		$ 28,000,000
Nonrecurring Assets - Gains (Losses)	$ (1,000,000)	$ (5,000,000)	$ (4,000,000)	$ (13,000,000)

XML

Fair Value (Fair Value Measurements- Nonrecurring Quantitative Information) (Details) - Fair Value, Measurements, Nonrecurring [Member] - Level 3 [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring Assets - Fair Value	$ 294,000,000	$ 195,000,000
Nonaccrual Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring Assets - Fair Value	184,000,000	30,000,000
Nonaccrual Loans [Member] | LGD percentage [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring Assets - Fair Value	$ 82,000,000	$ 20,000,000
Nonaccrual Loans [Member] | LGD percentage [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss Severity	3.20%	8.10%
Nonaccrual Loans [Member] | LGD percentage [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss Severity	70.10%	73.30%
Nonaccrual Loans [Member] | LGD percentage [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss Severity	32.20%	58.60%
Nonaccrual Loans [Member] | Fair Value Of Collateral [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring Assets - Fair Value	$ 102,000,000	$ 10,000,000
OREO and Foreclosed Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring Assets - Fair Value	103,000,000	137,000,000
OREO and Foreclosed Assets [Member] | Fair Value Of Collateral [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring Assets - Fair Value	103,000,000	137,000,000
Insignificant Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring Assets - Fair Value	$ 7,000,000	$ 28,000,000

XML

Fair Value (Fair Value Option - Changes in Fair Value) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Loans Held For Sale [Member] | Commercial Mortgage [Member]
Gains (Losses) - FVO: Changes in Fair Value	$ 22	$ 31	$ 49	$ 56
Loans Held For Sale [Member] | Residential Mortgage [Member]
Gains (Losses) - FVO: Changes in Fair Value	59	25	106	71
Loans - Portfolio [Member] | Residential Mortgage [Member]
Gains (Losses) - FVO: Changes in Fair Value	11	13	17	29
BlackRock Series C Preferred Stock
Gains (Losses) - FVO: Changes in Fair Value	1	(21)	(10)	(12)
Other Assets [Member]
Gains (Losses) - FVO: Changes in Fair Value	$ (4)	1	$ (20)	2
Other borrowed funds [Member]
Gains (Losses) - FVO: Changes in Fair Value		$ (2)		$ (2)

XML

Fair Value (Fair Value Option - Fair Value and Principal Balances) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Customer Resale Agreements [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	$ 137	$ 137
Aggregate Unpaid Principal Balance - Assets	133	133
Difference - Assets	4	4
Loans Held For Sale [Member] | Residential Mortgage [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	1,116	843
Aggregate Unpaid Principal Balance - Assets	1,064	816
Difference - Assets	52	27
Loans Held For Sale [Member] | Commercial Mortgage [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	981	641
Aggregate Unpaid Principal Balance - Assets	985	662
Difference - Assets	(4)	(21)
Loans Held For Sale [Member] | Performing Loans [Member] | Residential Mortgage [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	1,104	832
Aggregate Unpaid Principal Balance - Assets	1,052	804
Difference - Assets	52	28
Loans Held For Sale [Member] | Performing Loans [Member] | Commercial Mortgage [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	978	639
Aggregate Unpaid Principal Balance - Assets	980	659
Difference - Assets	(2)	(20)
Loans Held For Sale [Member] | Accruing loans 90 days or more past due | Residential Mortgage [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	3	4
Aggregate Unpaid Principal Balance - Assets	3	4
Loans Held For Sale [Member] | Nonaccrual Loans [Member] | Residential Mortgage [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	9	7
Aggregate Unpaid Principal Balance - Assets	9	8
Difference - Assets		(1)
Loans Held For Sale [Member] | Nonaccrual Loans [Member] | Commercial Mortgage [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	3	2
Aggregate Unpaid Principal Balance - Assets	5	3
Difference - Assets	(2)	(1)
Loans - Portfolio [Member] | Residential Mortgage [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	851	905
Aggregate Unpaid Principal Balance - Assets	1,033	1,099
Difference - Assets	(182)	(194)
Loans - Portfolio [Member] | Performing Loans [Member] | Residential Mortgage [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	234	204
Aggregate Unpaid Principal Balance - Assets	282	260
Difference - Assets	(48)	(56)
Loans - Portfolio [Member] | Accruing loans 90 days or more past due | Residential Mortgage [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	402	475
Aggregate Unpaid Principal Balance - Assets	402	478
Difference - Assets		(3)
Loans - Portfolio [Member] | Nonaccrual Loans [Member] | Residential Mortgage [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	215	226
Aggregate Unpaid Principal Balance - Assets	349	361
Difference - Assets	(134)	(135)
Other Assets [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Assets	140	164
Aggregate Unpaid Principal Balance - Assets	148	159
Difference - Assets	(8)	5
Other Borrowed Funds [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value - Liabilities	70	93
Aggregate Unpaid Principal Balance - Liabilities	71	95
Difference - Liabilities	$ (1)	$ (2)

XML

Fair Value (Additional Fair Value Information Related To Financial Instruments) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Carrying Amount [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings
Cash and due from banks	$ 4,196	$ 4,065
Short-term assets	29,532	32,959
Securities held to maturity	14,917	14,768
Loans held for sale	199	56
Net loans (excludes leases)	197,887	195,579
Other assets	1,711	1,817
Total assets	248,442	249,244
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Borrowed funds	53,736	53,761
Unfunded loan commitments and letters of credit	286	245
Other Liabilities	47
Total liabilities	303,847	303,008
Carrying Amount [Member] | Demand, savings and money market deposits [Member]
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Deposits	230,727	228,492
Carrying Amount [Member] | Time deposits [Member]
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Deposits	19,051	20,510
Fair Value [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings
Cash and due from banks	4,196	4,065
Short-term assets	29,532	32,959
Securities held to maturity	15,480	15,002
Loans held for sale	200	56
Net loans (excludes leases)	201,083	197,611
Other assets	2,139	2,408
Total assets	252,630	252,101
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Borrowed funds	54,584	54,002
Unfunded loan commitments and letters of credit	286	245
Other Liabilities	47
Total liabilities	304,824	303,210
Fair Value [Member] | Demand, savings and money market deposits [Member]
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Deposits	230,727	228,492
Fair Value [Member] | Time deposits [Member]
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Deposits	19,180	20,471
Fair Value [Member] | Level 1 [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings
Cash and due from banks	4,196	4,065
Securities held to maturity	331	298
Total assets	4,527	4,363
Fair Value [Member] | Level 2 [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings
Short-term assets	29,532	32,959
Securities held to maturity	15,143	14,698
Loans held for sale	159	22
Other assets	1,709	1,786
Total assets	46,543	49,465
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Borrowed funds	53,138	52,578
Other Liabilities	47
Total liabilities	303,092	301,541
Fair Value [Member] | Level 2 [Member] | Demand, savings and money market deposits [Member]
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Deposits	230,727	228,492
Fair Value [Member] | Level 2 [Member] | Time deposits [Member]
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Deposits	19,180	20,471
Fair Value [Member] | Level 3 [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings
Securities held to maturity	6	6
Loans held for sale	41	34
Net loans (excludes leases)	201,083	197,611
Other assets	430	622
Total assets	201,560	198,273
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Borrowed funds	1,446	1,424
Unfunded loan commitments and letters of credit	286	245
Total liabilities	$ 1,732	$ 1,669

XML

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Mortgage servicing rights	$ 1,222,000,000		$ 1,222,000,000		$ 1,589,000,000
Fees from Mortgage and Other Loan Servicing	$ 100,000,000	$ 100,000,000	$ 300,000,000	$ 200,000,000

XML

Goodwill and Other Intangible Assets (Mortgage Servicing Rights) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Servicing Assets At Fair Value [Line Items]
Mortgage servicing rights, beginning balance	$ 1,589,000,000
Mortgage servicing rights, ending balance	1,222,000,000
Mortgage Servicing Rights [Member] | Residential Mortgage [Member]
Servicing Assets At Fair Value [Line Items]
Mortgage servicing rights, beginning balance	1,063,000,000	$ 845,000,000
Mortgage servicing rights, ending balance	774,000,000	1,015,000,000
Unpaid principal balance of loans serviced for others at end of period	126,172,000,000	115,454,000,000
Servicing Advances	335,000,000	463,000,000
Mortgage Servicing Rights [Member] | Residential Mortgage [Member] | Time and Payoffs [Member]
Servicing Assets At Fair Value [Line Items]
Changes in Fair Value	(78,000,000)	(86,000,000)
Mortgage Servicing Rights [Member] | Residential Mortgage [Member] | Other [Member]
Servicing Assets At Fair Value [Line Items]
Changes in Fair Value	(339,000,000)	68,000,000
Mortgage Servicing Rights [Member] | Residential Mortgage [Member] | From loans sold with servicing retained [Member]
Servicing Assets At Fair Value [Line Items]
Additions	23,000,000	38,000,000
Mortgage Servicing Rights [Member] | Residential Mortgage [Member] | Purchases [Member]
Servicing Assets At Fair Value [Line Items]
Additions	105,000,000	150,000,000
Mortgage Servicing Rights [Member] | Commercial Mortgage [Member]
Servicing Assets At Fair Value [Line Items]
Mortgage servicing rights, beginning balance	526,000,000	506,000,000
Mortgage servicing rights, ending balance	448,000,000	543,000,000
Unpaid principal balance of loans serviced for others at end of period	142,968,000,000	144,416,000,000
Servicing Advances	244,000,000	271,000,000
Mortgage Servicing Rights [Member] | Commercial Mortgage [Member] | Time and Payoffs [Member]
Servicing Assets At Fair Value [Line Items]
Changes in Fair Value	(46,000,000)	(43,000,000)
Mortgage Servicing Rights [Member] | Commercial Mortgage [Member] | Other [Member]
Servicing Assets At Fair Value [Line Items]
Changes in Fair Value	(64,000,000)	18,000,000
Mortgage Servicing Rights [Member] | Commercial Mortgage [Member] | From loans sold with servicing retained [Member]
Servicing Assets At Fair Value [Line Items]
Additions	23,000,000	34,000,000
Mortgage Servicing Rights [Member] | Commercial Mortgage [Member] | Purchases [Member]
Servicing Assets At Fair Value [Line Items]
Additions	$ 9,000,000	$ 28,000,000

XML

Goodwill and Other Intangible Assets (Commercial and Residential Mortgage Loan Servicing Assets - Key Valuation Assumptions) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of Adverse Change In Assumption [Line Items]
Fair Value	$ 1,222,000,000	$ 1,589,000,000
Mortgage Servicing Rights [Member] | Commercial Mortgage [Member]
Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of Adverse Change In Assumption [Line Items]
Fair Value	$ 448,000,000	$ 526,000,000	$ 543,000,000	$ 506,000,000
Weighted-average life	4 years 6 months	4 years 8 months
Constant prepayment rate (CPR)	8.19%	5.71%
Decline in fair value from 10% adverse change in prepayment rate	$ 10,000,000	$ 10,000,000
Decline in fair value from 20% adverse change in prepayment rate	$ 19,000,000	$ 19,000,000
Discount rate	7.44%	7.49%
Decline in fair value from 10% adverse change in interest rate	$ 12,000,000	$ 14,000,000
Decline in fair value from 20% adverse change in interest rate	24,000,000	29,000,000
Mortgage Servicing Rights [Member] | Residential Mortgage [Member]
Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of Adverse Change In Assumption [Line Items]
Fair Value	$ 774,000,000	$ 1,063,000,000	$ 1,015,000,000	$ 845,000,000
Weighted-average life	4 years 1 month	6 years 4 months
Constant prepayment rate (CPR)	19.19%	10.61%
Decline in fair value from 10% adverse change in prepayment rate	$ 50,000,000	$ 44,000,000
Decline in fair value from 20% adverse change in prepayment rate	$ 95,000,000	$ 85,000,000
Spread over the benchmark curve	8.65%	8.93%
Decline in fair value from 10% adverse change in adjusted spread	$ 23,000,000	$ 34,000,000
Decline in fair value from 20% adverse change in adjusted spread	$ 44,000,000	$ 67,000,000

XML

Employee Benefit Plans (Net Periodic Pension and Postretirement Benefits Costs) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Qualified Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 25	$ 26	$ 51	$ 53
Interest cost	47	45	93	89
Expected return on plan assets	(71)	(74)	(141)	(148)
Amortization of prior service cost/(credit)	(1)	(2)	(3)	(4)
Amortization of actuarial losses	11	8	22	15
Net periodic cost/(benefit)	11	3	22	5
Nonqualified Retirement Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	1	1	1	1
Interest cost	3	3	6	6
Amortization of actuarial losses	1	1	2	3
Net periodic cost/(benefit)	5	5	9	10
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	2	2	3	3
Interest cost	3	3	7	7
Expected return on plan assets	(1)		(2)
Amortization of prior service cost/(credit)	(1)		(1)
Net periodic cost/(benefit)	$ 3	$ 5	$ 7	$ 10

XML

Financial Derivatives (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Derivative [Line Items]
Cash And Securities Held To Collateralize Net Derivative Assets	$ 1,400		$ 1,400
Cash And Securities Pledged To Collateralize Net Derivative Liabilities	1,700		1,700
Aggregate fair value of all derivative instruments with credit-risk-related contingent features	1,300		1,300
Collateral posted on derivative instruments with credit-risk-related contingent features	1,200		1,200
Maximum amount of collateral PNC would have been required to post if the credit-risk-related contingent features underlying these agreements had been triggered	100		100
Risk Participation Agreements Sold [Member]
Derivative [Line Items]
Credit Derivative Maximum Exposure Undiscounted	202		202		$ 122
Derivative Liability Notional Amount	3,700		$ 3,700		$ 2,500
Cash Flow Hedging [Member] | Interest Rate Contracts [Member]
Derivative [Line Items]
Maximum length of time over which forecasted loan cash flows are hedged			6 years
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income, Effective Portion, Net	126	$ (102)	$ 391	$ 196
Cash Flow Hedging [Member] | Interest Rate Contracts [Member] | Pretax [Member]
Derivative [Line Items]
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months			216
Cash Flow Hedging [Member] | Interest Rate Contracts [Member] | After Tax [Member]
Derivative [Line Items]
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months			140
Net Investment Hedging [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income, Effective Portion, Net	$ 80	$ (65)	$ 109	$ (11)
Forward Contracts [Member] | Cash Flow Hedging [Member] | Interest Rate Contracts [Member]
Derivative [Line Items]
Maximum length of time over which forecasted loan cash flows are hedged			3 months
Forward Contracts [Member] | Cash Flow Hedging [Member] | Interest Rate Contracts [Member] | Pretax [Member]
Derivative [Line Items]
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months			$ 65
Forward Contracts [Member] | Cash Flow Hedging [Member] | Interest Rate Contracts [Member] | After Tax [Member]
Derivative [Line Items]
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months			$ 42

XML

Financial Derivatives (Total Gross Derivatives) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Derivative [Line Items]
Derivative Asset, Fair Value	$ 8,227	$ 4,941
Derivative Liability, Fair Value	6,068	3,802
Derivative Notional Amount	356,725	347,976
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Asset, Fair Value	2,011	1,159
Derivative Liability, Fair Value	351	174
Derivative Notional Amount	53,982	52,074
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Asset, Fair Value	6,216	3,782
Derivative Liability, Fair Value	5,717	3,628
Derivative Notional Amount	$ 302,743	$ 295,902

XML

Financial Derivatives (Derivatives Designated As Hedging Instruments Under GAAP) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Derivative [Line Items]
Derivative Asset, Fair Value	$ 8,227	$ 4,941
Derivative Liability, Fair Value	6,068	3,802
Derivative Notional Amount	356,725	347,976
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Asset, Fair Value	2,011	1,159
Derivative Liability, Fair Value	351	174
Derivative Notional Amount	53,982	52,074
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Asset, Fair Value	6,216	3,782
Derivative Liability, Fair Value	5,717	3,628
Derivative Notional Amount	302,743	295,902
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contracts [Member]
Derivative [Line Items]
Derivative Asset, Fair Value	1,234	712
Derivative Liability, Fair Value	351	171
Derivative Notional Amount	33,194	31,690
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Receive Fixed Swaps [Member] | Interest Rate Contracts [Member]
Derivative [Line Items]
Derivative Asset, Fair Value	1,234	699
Derivative Liability, Fair Value		18
Derivative Notional Amount	27,692	25,756
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Pay Fixed Swaps [Member] | Interest Rate Contracts [Member]
Derivative [Line Items]
Derivative Asset, Fair Value		13
Derivative Liability, Fair Value	351	153
Derivative Notional Amount	5,502	5,934
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contracts [Member]
Derivative [Line Items]
Derivative Asset, Fair Value	638	416
Derivative Liability, Fair Value		3
Derivative Notional Amount	19,771	19,279
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Receive Fixed Swaps [Member] | Interest Rate Contracts [Member]
Derivative [Line Items]
Derivative Asset, Fair Value	604	412
Derivative Liability, Fair Value		2
Derivative Notional Amount	16,871	17,879
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Forward Purchase Commitments [Member] | Interest Rate Contracts [Member]
Derivative [Line Items]
Derivative Asset, Fair Value	34	4
Derivative Liability, Fair Value		1
Derivative Notional Amount	2,900	1,400
Net Investment Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative Asset, Fair Value	139	31
Derivative Notional Amount	$ 1,017	$ 1,105

XML

Financial Derivatives (Gains (Losses) on Derivatives and Related Hedged Items - Fair Value Hedges) (Details) - Fair Value Hedging [Member] - Designated as Hedging Instrument [Member] - Interest Rate Contracts [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in Income	$ 100	$ (200)	$ 353	$ (95)
Gain (Loss) on Related Hedged Items Recognized in Income	(112)	193	(386)	75
Us Treasury And Government And Other Debt Securities [Member] | Investment Securities Interest Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in Income	(55)	64	(209)	12
Gain (Loss) on Related Hedged Items Recognized in Income	56	(66)	214	(12)
Subordinated debt and Bank notes and senior debt [Member] | Borrowed Funds Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in Income	155	(264)	562	(107)
Gain (Loss) on Related Hedged Items Recognized in Income	$ (168)	$ 259	$ (600)	$ 87

XML

Financial Derivatives (Gains (Losses) on Derivatives and Related Cash Flows - Cash Flow Hedges) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Net unrealized gains (losses) on cash flow hedge derivatives	$ 63	$ (170)	$ 263	$ 69
Cash Flow Hedging [Member] | Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in OCI (Effective Portion)	126	(102)	391	196
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	63	68	128	127
Net unrealized gains (losses) on cash flow hedge derivatives	63	(170)	263	69
Cash Flow Hedging [Member] | Interest Rate Contracts [Member] | Interest Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	64	72	129	140
Cash Flow Hedging [Member] | Interest Rate Contracts [Member] | Noninterest Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	$ (1)	$ (4)	$ (1)	$ (13)

XML

Financial Derivatives (Derivatives Not Designated As Hedging Instruments under GAAP) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Derivative [Line Items]
Derivative Notional Amount	$ 356,725	$ 347,976
Derivative Asset, Fair Value	8,227	4,941
Derivative Liability, Fair Value	6,068	3,802
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Notional Amount	53,982	52,074
Derivative Asset, Fair Value	2,011	1,159
Derivative Liability, Fair Value	351	174
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Notional Amount	302,743	295,902
Derivative Asset, Fair Value	6,216	3,782
Derivative Liability, Fair Value	5,717	3,628
Not Designated as Hedging Instrument [Member] | Residential Mortgages [Member]
Derivative [Line Items]
Derivative Notional Amount	77,058	73,891
Derivative Asset, Fair Value	1,614	823
Derivative Liability, Fair Value	1,053	447
Not Designated as Hedging Instrument [Member] | Residential Mortgages [Member] | Residential Mortgage Servicing Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	69,025	65,728
Derivative Asset, Fair Value	1,567	789
Derivative Liability, Fair Value	1,016	439
Not Designated as Hedging Instrument [Member] | Residential Mortgages [Member] | Loan Sales Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	8,033	8,163
Derivative Asset, Fair Value	47	34
Derivative Liability, Fair Value	37	8
Not Designated as Hedging Instrument [Member] | Commercial Mortgage Banking [Member]
Derivative [Line Items]
Derivative Notional Amount	10,557	24,091
Derivative Asset, Fair Value	171	88
Derivative Liability, Fair Value	81	52
Not Designated as Hedging Instrument [Member] | Commercial Mortgage Banking [Member] | Credit Default Swap [Member]
Derivative [Line Items]
Derivative Notional Amount	44	77
Not Designated as Hedging Instrument [Member] | Commercial Mortgage Banking [Member] | Commercial Mortgage Banking Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	10,513	24,014
Derivative Asset, Fair Value	171	88
Derivative Liability, Fair Value	81	52
Not Designated as Hedging Instrument [Member] | Customer Contracts [Member]
Derivative [Line Items]
Derivative Notional Amount	209,394	192,621
Derivative Asset, Fair Value	4,348	2,812
Derivative Liability, Fair Value	4,193	2,661
Not Designated as Hedging Instrument [Member] | Customer Contracts [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	11,734	10,888
Derivative Asset, Fair Value	192	194
Derivative Liability, Fair Value	202	198
Not Designated as Hedging Instrument [Member] | Customer Contracts [Member] | Risk Participation Agreement [Member]
Derivative [Line Items]
Derivative Notional Amount	6,284	5,026
Derivative Asset, Fair Value	4	2
Derivative Liability, Fair Value	7	4
Not Designated as Hedging Instrument [Member] | Customer Contracts [Member] | Customer Related Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	191,376	176,707
Derivative Asset, Fair Value	4,152	2,616
Derivative Liability, Fair Value	3,984	2,459
Not Designated as Hedging Instrument [Member] | Other Risk Management Activity [Member]
Derivative [Line Items]
Derivative Notional Amount	5,734	5,299
Derivative Asset, Fair Value	83	59
Derivative Liability, Fair Value	390	468
Not Designated as Hedging Instrument [Member] | Other Risk Management Activity [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	3,158	2,742
Derivative Asset, Fair Value	83	59
Derivative Liability, Fair Value	23	6
Not Designated as Hedging Instrument [Member] | Other Risk Management Activity [Member] | Other Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	2,576	2,557
Derivative Liability, Fair Value	367	462
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Residential Mortgage Servicing Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	37,741	37,505
Derivative Asset, Fair Value	1,514	758
Derivative Liability, Fair Value	1,003	416
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Commercial Mortgage Banking Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	4,186	3,945
Derivative Asset, Fair Value	156	77
Derivative Liability, Fair Value	73	46
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Customer Related Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	169,547	157,041
Derivative Asset, Fair Value	3,936	2,507
Derivative Liability, Fair Value	3,952	2,433
Not Designated as Hedging Instrument [Member] | Interest Rate Swaption [Member] | Residential Mortgage Servicing Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	584	650
Derivative Asset, Fair Value	17	27
Derivative Liability, Fair Value	7	14
Not Designated as Hedging Instrument [Member] | Interest Rate Swaption [Member] | Commercial Mortgage Banking Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount		439
Not Designated as Hedging Instrument [Member] | Interest Rate Swaption [Member] | Customer Related Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	5,154	4,363
Derivative Asset, Fair Value	185	86
Derivative Liability, Fair Value	13	13
Not Designated as Hedging Instrument [Member] | Future [Member] | Residential Mortgage Servicing Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	12,935	17,653
Not Designated as Hedging Instrument [Member] | Future [Member] | Loan Sales Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	15	20
Not Designated as Hedging Instrument [Member] | Future [Member] | Commercial Mortgage Banking Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	4,449	18,454
Not Designated as Hedging Instrument [Member] | Future [Member] | Customer Related Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	2,204	1,673
Not Designated as Hedging Instrument [Member] | Future Options [Member] | Residential Mortgage Servicing Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	14,000	6,000
Derivative Liability, Fair Value	3	1
Not Designated as Hedging Instrument [Member] | Future Options [Member] | Customer Related Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	292
Derivative Asset, Fair Value	5
Derivative Liability, Fair Value	5
Not Designated as Hedging Instrument [Member] | Residential Mortgage Loan Commitment [Member] | Loan Sales Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	2,188	1,580
Derivative Asset, Fair Value	30	16
Not Designated as Hedging Instrument [Member] | Commercial Mortgage Loan Commitment [Member] | Commercial Mortgage Banking Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	1,878	1,176
Derivative Asset, Fair Value	15	11
Derivative Liability, Fair Value	8	6
Not Designated as Hedging Instrument [Member] | Bond Option [Member] | Loan Sales Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	150	200
Derivative Asset, Fair Value		2
Not Designated as Hedging Instrument [Member] | Caps Floors Sold [Member] | Customer Related Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	5,169	5,337
Derivative Liability, Fair Value	6	11
Not Designated as Hedging Instrument [Member] | Caps Floors Purchased [Member] | Customer Related Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	6,635	6,383
Derivative Asset, Fair Value	21	18
Not Designated as Hedging Instrument [Member] | Mortgage Backed Securities Commitments [Member] | Residential Mortgage Servicing Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	3,765	3,920
Derivative Asset, Fair Value	36	4
Derivative Liability, Fair Value	3	8
Not Designated as Hedging Instrument [Member] | Mortgage Backed Securities Commitments [Member] | Loan Sales Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	5,680	6,363
Derivative Asset, Fair Value	17	16
Derivative Liability, Fair Value	37	8
Not Designated as Hedging Instrument [Member] | Mortgage Backed Securities Commitments [Member] | Customer Related Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Notional Amount	2,375	1,910
Derivative Asset, Fair Value	5	5
Derivative Liability, Fair Value	$ 8	$ 2

XML

Financial Derivatives (Gains (Losses) on Derivatives Not Designated As Hedging Instruments under GAAP) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Derivative [Line Items]
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net	$ 194	$ (52)	$ 361	$ 277
Residential Mortgages [Member]
Derivative [Line Items]
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net	145	(36)	333	83
Residential Mortgages [Member] | Residential Mortgage Servicing Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net	141	(83)	336	15
Residential Mortgages [Member] | Loan Sales Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net	4	47	(3)	68
Commercial Mortgage Banking [Member]
Derivative [Line Items]
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net	27	(24)	80	5
Commercial Mortgage Banking [Member] | Interest Rate Contracts [Member]
Derivative [Line Items]
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net	27	(25)	80	5
Commercial Mortgage Banking [Member] | Credit Default Swap [Member]
Derivative [Line Items]
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net		1
Customer Contracts [Member]
Derivative [Line Items]
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net	18	62	43	67
Customer Contracts [Member] | Interest Rate Contracts [Member]
Derivative [Line Items]
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net	1	30	(3)	34
Customer Contracts [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net	17	32	46	33
Other Risk Management Activity [Member]
Derivative [Line Items]
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net	4	(54)	(95)	122
Other Risk Management Activity [Member] | Interest Rate Contracts [Member]
Derivative [Line Items]
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net		1		1
Other Risk Management Activity [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net	66	(69)	(29)	114
Other Risk Management Activity [Member] | Other Contract [Member]
Derivative [Line Items]
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net	$ (62)	$ 14	$ (66)	$ 7

XML

Financial Derivatives (Derivative Assets and Liabilitites Offsetting) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Offsetting Assets [Line Items]
Derivative Asset, Gross Fair Value	$ 8,227	$ 4,941
Offsetting Liabilities [Line Items]
Derivative Liability, Gross Fair Value	6,068	3,802
Liability [Member]
Offsetting Liabilities [Line Items]
Derivative Liability, Gross Fair Value	6,068	3,802
Derivative Liability, Fair Value Offset Amount	4,345	2,554
Derivative Liability, Cash Collateral	1,140	608
Derivative Liability, Net Fair Value	583	640
Derivative Liability, Net	583	640
Assets [Member]
Offsetting Assets [Line Items]
Derivative Asset, Gross Fair Value	8,227	4,941
Derivative Asset, Fair Value Offset Amount	4,345	2,554
Derivative Asset, Cash Collateral	906	551
Derivative Asset, Net Fair Value	2,976	1,836
Derivative Asset, Securities Collateral Held Under Master Netting Agreements	415	180
Derivative Asset, Net	2,561	1,656
Interest Rate Contracts [Member] | Liability [Member] | Exchange Cleared, Liability [Member]
Offsetting Liabilities [Line Items]
Derivative Liability, Gross Fair Value	2,523	855
Derivative Liability, Fair Value Offset Amount	2,065	779
Derivative Liability, Cash Collateral	410	57
Derivative Liability, Net Fair Value	48	19
Derivative Liability, Net	48	19
Interest Rate Contracts [Member] | Liability [Member] | Exchange Traded, Liability [Member]
Offsetting Liabilities [Line Items]
Derivative Liability, Gross Fair Value	3	1
Derivative Liability, Net Fair Value	3	1
Derivative Liability, Net	3	1
Interest Rate Contracts [Member] | Liability [Member] | Over The Counter, Liability [Member]
Offsetting Liabilities [Line Items]
Derivative Liability, Gross Fair Value	2,943	2,276
Derivative Liability, Fair Value Offset Amount	2,155	1,687
Derivative Liability, Cash Collateral	701	530
Derivative Liability, Net Fair Value	87	59
Derivative Liability, Net	87	59
Interest Rate Contracts [Member] | Assets [Member] | Exchange Cleared [Member]
Offsetting Assets [Line Items]
Derivative Asset, Gross Fair Value	2,446	1,003
Derivative Asset, Fair Value Offset Amount	2,066	779
Derivative Asset, Cash Collateral	283	195
Derivative Asset, Net Fair Value	97	29
Derivative Asset, Net	97	29
Interest Rate Contracts [Member] | Assets [Member] | Over The Counter [Member]
Offsetting Assets [Line Items]
Derivative Asset, Gross Fair Value	5,362	3,652
Derivative Asset, Fair Value Offset Amount	2,068	1,645
Derivative Asset, Cash Collateral	595	342
Derivative Asset, Net Fair Value	2,699	1,665
Derivative Asset, Securities Collateral Held Under Master Netting Agreements	411	178
Derivative Asset, Net	2,288	1,487
Foreign Exchange [Member] | Liability [Member]
Offsetting Liabilities [Line Items]
Derivative Liability, Gross Fair Value	224	204
Derivative Liability, Fair Value Offset Amount	119	85
Derivative Liability, Cash Collateral	27	20
Derivative Liability, Net Fair Value	78	99
Derivative Liability, Net	78	99
Foreign Exchange [Member] | Assets [Member]
Offsetting Assets [Line Items]
Derivative Asset, Gross Fair Value	415	284
Derivative Asset, Fair Value Offset Amount	209	129
Derivative Asset, Cash Collateral	27	13
Derivative Asset, Net Fair Value	179	142
Derivative Asset, Securities Collateral Held Under Master Netting Agreements	4	2
Derivative Asset, Net	175	140
Credit Risk Contract [Member] | Liability [Member]
Offsetting Liabilities [Line Items]
Derivative Liability, Gross Fair Value	8	4
Derivative Liability, Fair Value Offset Amount	6	3
Derivative Liability, Cash Collateral	2	1
Credit Risk Contract [Member] | Assets [Member]
Offsetting Assets [Line Items]
Derivative Asset, Gross Fair Value	4	2
Derivative Asset, Fair Value Offset Amount	2	1
Derivative Asset, Cash Collateral	1	1
Derivative Asset, Net Fair Value	1
Derivative Asset, Net	1
Other Contract [Member] | Liability [Member]
Offsetting Liabilities [Line Items]
Derivative Liability, Gross Fair Value	367	462
Derivative Liability, Net Fair Value	367	462
Derivative Liability, Net	$ 367	$ 462

XML

Earnings per Share (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share Basic and Diluted [Line Items]
Net income	$ 989,000,000	$ 1,044,000,000	$ 1,932,000,000	$ 2,048,000,000
Net income (loss) attributable to noncontrolling interests	23,000,000	4,000,000	42,000,000	5,000,000
Preferred stock dividends and discount accretion and redemptions	43,000,000	48,000,000	108,000,000	118,000,000
Net income attributable to common shares	923,000,000	992,000,000	1,782,000,000	1,925,000,000
Dividends and undistributed earnings allocated to participating securities	6,000,000		12,000,000	2,000,000
Net income attributable to basic common shares	917,000,000	992,000,000	1,770,000,000	1,923,000,000
Less: Impact of BlackRock earnings per share dilution	3,000,000	5,000,000	6,000,000	10,000,000
Net income attributable to diluted common shares	$ 914,000,000	$ 987,000,000	$ 1,764,000,000	$ 1,913,000,000
Basic weighted-average common shares outstanding	497,000,000	517,000,000	499,000,000	519,000,000
Basic earnings per common share	$ 1.84	$ 1.92	$ 3.54	$ 3.71
Dilutive potential common shares	6,000,000	8,000,000	6,000,000	8,000,000
Diluted weighted-average common shares outstanding	503,000,000	525,000,000	505,000,000	527,000,000
Diluted earnings per common share	$ 1.82	$ 1.88	$ 3.49	$ 3.63

XML

Total Equity and Other Comprehensive Income (Narrative) (Details) - TARP Warrant [Member] - $ / shares shares in Millions	Jun. 30, 2016	Dec. 31, 2015
Number of warrants or rights outstanding	13.4	13.4
Exercise price per share of warrants or rights outstanding	$ 67.33	$ 67.33

XML

Total Equity and Other Comprehensive Income (Rollforward of Total Equity) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Common Stock [Abstract]
Common Stock, Beginning Balance			$ 2,708
Capital surplus - Preferred Stock, Beginning Balance			3,452
Capital surplus - Common Stock, Beginning Balance			12,745
Retained Earnings, Beginning Balance			29,043
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance	$ 532	$ 703	130	$ 503
Treasury Stock, Beginning Balance			3,368
Noncontrolling interests, Beginning Balance			1,270
Total Equity, Beginning Balance			45,980	46,074
Net income	989	1,044	1,932	2,048
Other comprehensive income (loss), net of tax	204	(324)	606	(124)
Cash dividends declared [Abstract]
Common			(516)	(516)
Preferred			(105)	(115)
Common stock activity			11	37
Treasury stock activity			(949)	(887)
Other			(260)	(105)
Common Stock, Ending Balance	2,709		2,709
Capital surplus - Preferred Stock, Ending Balance	3,455		3,455
Capital surplus - Common Stock, Ending Balance	12,653		12,653
Retained Earnings, Ending Balance	30,309		30,309
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance	736	379	736	379
Treasury Stock, Ending Balance	4,304		4,304
Noncontrolling interests, Ending Balance	1,141		1,141
Total Equity, Ending Balance	$ 46,699	45,912	$ 46,699	45,912
Series K Preferred Stock [Member]
Cash dividends declared [Abstract]
Preferred stock redemption, value		$ (500)		$ (500)
Common Stock [Member]
Common Stock [Abstract]
Beginning Balance (in shares)			504	523
Common stock activity, shares				1
Treasury stock activity, shares			(11)	(8)
Ending Balance, (in shares)	493	516	493	516
Common Stock, Beginning Balance			$ 2,708	$ 2,705
Cash dividends declared [Abstract]
Common stock activity			1	3
Common Stock, Ending Balance	$ 2,709	$ 2,708	$ 2,709	$ 2,708
Common Stock Per Share Dividends Declared			$ 1.02	$ 0.99
Preferred Stock Including Additional Paid in Capital [Member]
Common Stock [Abstract]
Capital surplus - Preferred Stock, Beginning Balance			$ 3,452	$ 3,946
Cash dividends declared [Abstract]
Preferred stock discount accretion			3	3
Capital surplus - Preferred Stock, Ending Balance	3,455	3,449	3,455	3,449
Preferred Stock Including Additional Paid in Capital [Member] | Series K Preferred Stock [Member]
Cash dividends declared [Abstract]
Preferred stock redemption, value		(500)		(500)
Common Stock Including Additional Paid in Capital [Member]
Common Stock [Abstract]
Capital surplus - Common Stock, Beginning Balance			12,745	12,627
Cash dividends declared [Abstract]
Common stock activity			10	34
Treasury stock activity			(13)	(55)
Other			(89)	26
Capital surplus - Common Stock, Ending Balance	12,653	12,632	12,653	12,632
Retained Earnings [Member]
Common Stock [Abstract]
Retained Earnings, Beginning Balance			29,043	26,200
Net income			1,890	2,043
Cash dividends declared [Abstract]
Common			(516)	(516)
Preferred			(105)	(115)
Preferred stock discount accretion			(3)	(3)
Retained Earnings, Ending Balance	30,309	27,609	30,309	27,609
Accumulated Other Comprehensive Income (Loss) [Member]
Common Stock [Abstract]
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance			130	503
Other comprehensive income (loss), net of tax			606	(124)
Cash dividends declared [Abstract]
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance	736	379	736	379
Treasury Stock [Member]
Common Stock [Abstract]
Treasury Stock, Beginning Balance			(3,368)	(1,430)
Cash dividends declared [Abstract]
Treasury stock activity			(936)	(832)
Treasury Stock, Ending Balance	(4,304)	(2,262)	(4,304)	(2,262)
Noncontrolling Interest [Member]
Common Stock [Abstract]
Noncontrolling interests, Beginning Balance			1,270	1,523
Net income			42	5
Cash dividends declared [Abstract]
Other			(171)	(131)
Noncontrolling interests, Ending Balance	$ 1,141	$ 1,397	$ 1,141	$ 1,397

XML

Total Equity and Other Comprehensive Income (Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net Unrealized Gains Losses on Non Otti Securities [Abstract]
Increase in net unrealized gains(losses) on non-OTTI securities	$ 286	$ (346)	$ 805	$ (214)
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities in interest income, before tax	8	7	14	14
Less: Net gains (losses) realized on sales of non-OTTI securities reclassified to noninterest income, before tax	5	12	14	63
Net unrealized gains (losses) on non-OTTI securities, Before Tax	273	(365)	777	(291)
Other Comprehensive Income (Loss), Non Otti Securities Adjustment, Tax	(100)	134	(285)	107
Net unrealized gains (losses) on non-OTTI securities, Activity, After Tax	173	(231)	492	(184)
Net Unrealized Gains Losses On Otti Securities [Abstract]
Increase in net unrealized gains (losses) on OTTI securities, Pretax	17	3	(22)	5
Less: Net OTTI losses realized in net income, Pre-tax		(1)	(1)	(2)
Net unrealized gains (losses) on OTTI securities	17	4	(21)	7
Net unrealized gains (losses) on OTTI securities, tax	(6)	(2)	8	(3)
Net unrealized gains (losses) on OTTI securities, Activity, After Tax	11	2	(13)	4
Net unrealized gains (losses) on cash flow hedge derivatives [Abstract]
Increase in net unrealized gains (losses) on cash flow hedge derivatives, Pretax	126	(102)	391	196
Less: Net gains (losses) realized as a yield adjustment reclassified to loan interest income, Before Tax	56	64	116	128
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities interest income, Before Tax	8	8	13	12
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income, Before Tax	(1)	(4)	(1)	(13)
Net unrealized gains (losses) on cash flow hedge derivatives, Before Tax	63	(170)	263	69
Net unrealized gains (losses) on cash flow hedge derivatives, tax	(23)	63	(96)	(25)
Net unrealized gains (losses) on cash flow hedge derivatives, Net of tax, Total	40	(107)	167	44
Pension and other postretirement benefit plan adjustments [Abstract]
Net pension and other postretirement benefit plan activity, Before tax	(7)	(17)	(5)	36
Amortization of actuarial loss (gain) reclassified to other noninterest expense, Before tax	12	9	24	18
Amortization of prior service cost (credit) reclassified to other noninterest expense, Before tax	(2)	(2)	(4)	(4)
Pension and other postretirement benefit plan adjustments, net activity, Pre-Tax	3	(10)	15	50
Pension and other postretirement benefit plan adjustments, net activity, Tax	(1)	4	(5)	(18)
Pension and other postretirement benefit plan adjustments, net activity, After Tax	2	(6)	10	32
Other Comprehensive Income Other Adjustments [Abstract]
PNC's portion of BlackRock's OCI, Before tax	13	(9)	(12)	(34)
Net investment hedge derivatives, Before tax	80	(65)	109	(11)
Foreign Currency Transaction and Translation Adjustment, before Tax	(81)	65	(112)	9
Total Other, net activity, Before tax	12	(9)	(15)	(36)
Total Other, net activity, Tax	(34)	27	(35)	16
Total Other, net activity, After tax	(22)	18	(50)	(20)
Other Comprehensive Income Loss Before Tax	368	(550)	1,019	(201)
Other Comprehensive Income (Loss), Tax	(164)	226	(413)	77
Other Comprehensive Income (Loss), Net of Tax	$ 204	$ (324)	$ 606	$ (124)

XML

Total Equity and Other Comprehensive Income (Accumulated Other Comprehensive Income (Loss) Components) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net Unrealized Gains Losses on Non Otti Securities [Abstract]
Net unrealized gains (losses) on non-OTTI securities, after-tax, Beginning Balance	$ 605	$ 694	$ 286	$ 647
Other Comprehensive Income (Loss), Non Otti Securities Adjustment, After Tax	173	(231)	492	(184)
Net unrealized gains (losses) on non-OTTI securities, after-tax, Ending Balance	778	463	778	463
Net Unrealized Gains Losses On Otti Securities [Abstract]
Net unrealized gains (losses) on OTTI securities, after tax, Beginning Balance	42	76	66	74
Other Comprehensive Income Loss Otti Securities Adjustment After Tax	11	2	(13)	4
Net unrealized gains (losses) on OTTI securities, after tax, Ending Balance	53	78	53	78
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax [Abstract]
Net unrealized gains (losses) on cash flow hedge derivatives, after-tax, Beginning balance	557	501	430	350
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	40	(107)	167	44
Net unrealized gains (losses) on cash flow hedge derivatives, after-tax, Ending balance	597	394	597	394
Pension and other postretirement benefit plan adjustments [Abstract]
Pension and other postretirement benefit plan adjustments, after tax, Beginning Balance	(546)	(482)	(554)	(520)
Pension and other postretirement benefit plan adjustments, net activity, After Tax	2	(6)	10	32
Pension and other postretirement benefit plan adjustments, after tax, Ending Balance	(544)	(488)	(544)	(488)
Other Comprehensive Income Other Adjustments [Abstract]
Other, after tax, Beginning balance	(126)	(86)	(98)	(48)
Total Other, net activity, After tax	(22)	18	(50)	(20)
Other, after tax, Ending balance	(148)	(68)	(148)	(68)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance	532	703	130	503
Other comprehensive income (loss), after tax and net of reclassifications into Net income	204	(324)	606	(124)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance	$ 736	$ 379	$ 736	$ 379

XML

Legal Proceedings (Details) $ in Millions	Jun. 30, 2016 USD ($)
Legal Reserve [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Loss contingency, range of possible loss not accrued	$ 550

XML

Commitments and Guarantees (Narrative) (Details) - Standby letters of credit [Member] $ in Billions	6 Months Ended
	Jun. 30, 2016 USD ($)
Loss Contingencies [Line Items]
Standby letters of credit - Terms outstanding - Minimum	1 year
Standby letters of credit - Terms outstanding - Maximum	9 years
Standby letters of credit - Assets securing certain specifically identified standby letters of credit	$ 1.1
Standby letters of credit and participations in standby letters of credit - Liability carrying amount	$ 0.2

XML

Commitments and Guarantees (Other Commitments) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Other Commitments [Line Items]
Commitments	$ 157,959	$ 155,141
Commitments to extend credit [Member]
Other Commitments [Line Items]
Commitments	145,116	142,489
Commitments to extend credit [Member] | Total commercial lending [Member]
Other Commitments [Line Items]
Commitments	102,120	101,252
Commitments to extend credit [Member] | Home Equity Lines of Credit [Member]
Other Commitments [Line Items]
Commitments	17,331	17,268
Commitments to extend credit [Member] | Credit Card [Member]
Other Commitments [Line Items]
Commitments	21,298	19,937
Commitments to extend credit [Member] | Other [Member]
Other Commitments [Line Items]
Commitments	4,367	4,032
Standby letters of credit [Member]
Other Commitments [Line Items]
Commitments	9,089	8,765
Standby letters of credit [Member] | Remarketing Programs [Member]
Other Commitments [Line Items]
Commitments	4,600	4,700
Reinsurance Agreements [Member]
Other Commitments [Line Items]
Commitments	1,917	2,010
Reinsurance Agreements [Member] | Accidental Death and Dismemberment [Member]
Other Commitments [Line Items]
Maximum Exposure	1,600	1,600
Reinsurance Agreements [Member] | Credit Life Accident and Health [Member]
Other Commitments [Line Items]
Maximum Exposure	300	400
Standby bond purchase agreements [Member]
Other Commitments [Line Items]
Commitments	872	911
Other commitments [Member]
Other Commitments [Line Items]
Commitments	965	966
Other commitments [Member] | Investments in qualified affordable housing projects [Member]
Other Commitments [Line Items]
Commitments	$ 400	$ 500

XML

Commitments and Guarantees (Internal Credit Ratings Related to Net Outstanding Standby Letters of Credit) (Details) - Standby letters of credit [Member]	Jun. 30, 2016	Dec. 31, 2015
Loss Contingencies [Line Items]
Internal credit ratings (as a percentage of portfolio) - Pass	92.00%	93.00%
Internal credit ratings (as a percentage of portfolio) - Below pass	8.00%	7.00%

XML

Commitments and Guarantees (Resale and Repurchase Agreements) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Offsetting Assets [Line Items]
Gross Resale Agreements	$ 1,157	$ 1,082
Net Resale Agreements	1,157	1,082
Securities Collateral Held Under Master Netting Agreements	1,083	1,008
Net Amounts	74	74
Offsetting Liabilities [Line Items]
Gross Repurchase Agreements	1,617	1,767
Net Repurchase Agreements	1,617	1,767
Securities Collateral Pledged Under Master Netting Agreements	1,001	1,014
Net Amounts	616	753
Long Term Repurchase Agreements [Member]
Offsetting Liabilities [Line Items]
Net Repurchase Agreements	$ 0	$ 0

XML

Segment Reporting (Narrative) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)
Segment Reporting Information [Line Items]
Segment reporting, number of segments	6
BlackRock [Member]
Segment Reporting Information [Line Items]
PNC's economic interest in BlackRock	22.00%
Proceeds from dividends received	$ 165	$ 160

XML

Segment Reporting (Table) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Net interest income	$ 2,068	$ 2,052	$ 4,166	$ 4,124
Noninterest income	1,726	1,814	3,293	3,473
Total revenue	3,794	3,866	7,459	7,597
Provision for credit losses (benefit)	127	46	279	100
Depreciation and amortization	215	201	417	394
Other noninterest expense	2,145	2,165	4,224	4,321
Income (loss) before income taxes and noncontrolling interests	1,307	1,454	2,539	2,782
Income taxes	318	410	607	734
Net income (loss)	989	1,044	1,932	2,048
Average Assets	358,990	352,640	357,451	350,361
Retail Banking [Member]
Segment Reporting Information [Line Items]
Net interest income	1,117	1,045	2,230	2,082
Noninterest income	564	590	1,101	1,078
Total revenue	1,681	1,635	3,331	3,160
Provision for credit losses (benefit)	29	45	106	94
Depreciation and amortization	41	42	81	85
Other noninterest expense	1,127	1,168	2,237	2,283
Income (loss) before income taxes and noncontrolling interests	484	380	907	698
Income taxes	177	139	332	255
Net income (loss)	307	241	575	443
Average Assets	71,544	73,369	71,880	73,691
Corporate & Institutional Banking [Member]
Segment Reporting Information [Line Items]
Net interest income	822	837	1,660	1,660
Noninterest income	533	492	967	921
Total revenue	1,355	1,329	2,627	2,581
Provision for credit losses (benefit)	69	20	176	37
Depreciation and amortization	37	37	72	73
Other noninterest expense	512	510	998	988
Income (loss) before income taxes and noncontrolling interests	737	762	1,381	1,483
Income taxes	247	254	460	493
Net income (loss)	490	508	921	990
Average Assets	138,305	132,239	136,913	131,711
Asset Management Group [Member]
Segment Reporting Information [Line Items]
Net interest income	76	71	153	144
Noninterest income	213	243	416	451
Total revenue	289	314	569	595
Provision for credit losses (benefit)	6	1	3	13
Depreciation and amortization	12	12	23	23
Other noninterest expense	194	203	389	402
Income (loss) before income taxes and noncontrolling interests	77	98	154	157
Income taxes	29	36	57	58
Net income (loss)	48	62	97	99
Average Assets	7,756	8,005	7,822	7,974
Residential Mortgage Banking [Member]
Segment Reporting Information [Line Items]
Net interest income	28	30	53	60
Noninterest income	182	176	287	353
Total revenue	210	206	340	413
Provision for credit losses (benefit)	1	(2)
Depreciation and amortization	3	4	6	7
Other noninterest expense	133	174	282	332
Income (loss) before income taxes and noncontrolling interests	73	30	52	74
Income taxes	27	11	19	27
Net income (loss)	46	19	33	47
Average Assets	5,768	7,136	6,037	7,190
BlackRock [Member]
Segment Reporting Information [Line Items]
Noninterest income	170	175	311	351
Total revenue	170	175	311	351
Income (loss) before income taxes and noncontrolling interests	170	175	311	351
Income taxes	36	40	65	82
Net income (loss)	134	135	246	269
Average Assets	6,919	6,760	6,919	6,760
Non Strategic Assets [Member]
Segment Reporting Information [Line Items]
Net interest income	73	100	148	212
Noninterest income	5	9	27	18
Total revenue	78	109	175	230
Provision for credit losses (benefit)	13	(5)	6	(36)
Other noninterest expense	20	26	41	50
Income (loss) before income taxes and noncontrolling interests	45	88	128	216
Income taxes	16	32	47	79
Net income (loss)	29	56	81	137
Average Assets	5,539	6,914	5,677	7,094
All Other Segments [Member]
Segment Reporting Information [Line Items]
Net interest income	(48)	(31)	(78)	(34)
Noninterest income	59	129	184	301
Total revenue	11	98	106	267
Provision for credit losses (benefit)	9	(13)	(12)	(8)
Depreciation and amortization	122	106	235	206
Other noninterest expense	159	84	277	266
Income (loss) before income taxes and noncontrolling interests	(279)	(79)	(394)	(197)
Income taxes	(214)	(102)	(373)	(260)
Net income (loss)	(65)	23	(21)	63
Average Assets	$ 123,159	$ 118,217	$ 122,203	$ 115,941

XML

Subsequent Events (Details) - Subsequent Events [Member] - Senior Notes [Member] - USD ($)	Jul. 29, 2016	Aug. 22, 2016
Maturity Date 2019 [Member]
Subsequent Event [Line Items]
Debt Instrument - Face value	$ 1,000,000,000
Debt Instrument - Maturity Date	Jul. 29, 2019
Debt Instrument - Stated interest rate	1.45%
Maturity Date 2016 [Member]
Subsequent Event [Line Items]
Debt Instrument - Face value		$ 1,250,000,000
Debt Instrument - Stated interest rate		2.70%
Subsequent Events Date	Sep. 19, 2016
Debt Instrument Redemption Price		$ 1,000