Loans and Loans Held for Sale

6 Months Ended

Jun. 30, 2012

Asset Quality and Loans and Loans Held for Sale [Abstract]

Loans and Loans Held for Sale

3. Loans and Loans Held for Sale

Our loans by category are summarized as follows:

	June 30,		December 31,		June 30,
in millions	2012		2011		2011
Commercial, financial and agricultural	$	20,386	$	19,378	$	16,883
Commercial real estate:
Commercial mortgage		7,409		8,037		8,069
Construction		1,172		1,312		1,631
Total commercial real estate loans		8,581		9,349		9,700
Commercial lease financing		5,636		6,055		6,105
Total commercial loans		34,603		34,782		32,688
Residential — prime loans:
Real estate — residential mortgage		2,016		1,946		1,838
Home equity:
Key Community Bank		9,601		9,229		9,431
Other		479		535		595
Total home equity loans		10,080		9,764		10,026
Total residential — prime loans		12,096		11,710		11,864
Consumer other — Key Community Bank		1,263		1,192		1,157
Consumer other:
Marine		1,542		1,766		1,989
Other		101		125		142
Total consumer other		1,643		1,891		2,131
Total consumer loans		15,002		14,793		15,152
Total loans (a)	$	49,605	$	49,575	$	47,840

(a) Excluded at June 30, 2012, December 31, 2011, and June 30, 2011, are loans in the amount of $5.5 billion, $5.8 billion and $6.3 billion, respectively, related to the discontinued operations of the education lending business.

Our loans held for sale are summarized as follows:

	June 30,		December 31,		June 30,
in millions	2012		2011		2011
Commercial, financial and agricultural	$	18	$	19	$	80
Real estate — commercial mortgage		523		567		198
Real estate — construction		12		35		39
Commercial lease financing		13		12		6
Real estate — residential mortgage		90		95		58
Total loans held for sale	$	656	$	728	$	381
Our quarterly summary of changes in loans held for sale as follows:
	June 30,		December 31,		June 30,
in millions	2012		2011		2011
Balance at beginning of the period	$	511	$	479	$	426
New originations		1,308		1,235		914
Transfers from held to maturity, net		7		19		16
Loan sales		(1,165)		(932)		(1,039)
Loan draws (payments), net		(4)		(72)		73
Transfers to OREO / valuation adjustments		(1)		(1)		(9)
Balance at end of perod	$	656	$	728	$	381