Loan and Loan Held for Sale (Tables)

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Loans by Category

Our loans by category are summarized as follows:

in millions	June 30,  2013		December 31,  2012		June 30,  2012
Commercial, financial and agricultural (a)	$	23,715	$	23,242	$	20,916
Commercial real estate:
Commercial mortgage		7,474		7,720		7,409
Construction		1,060		1,003		1,172
Total commercial real estate loans		8,534		8,723		8,581
Commercial lease financing		4,774		4,915		5,106
Total commercial loans		37,023		36,880		34,603
Residential — prime loans:
Real estate — residential mortgage		2,176		2,174		2,016
Home equity:
Key Community Bank		10,173		9,816		9,601
Other		375		423		479
Total home equity loans		10,548		10,239		10,080
Total residential — prime loans		12,724		12,413		12,096
Consumer other — Key Community Bank		1,424		1,349		1,263
Credit cards		701		729		—
Consumer other:
Marine		1,160		1,358		1,542
Other		69		93		101
Total consumer other		1,229		1,451		1,643
Total consumer loans		16,078		15,942		15,002
Total loans (b) (c)	$	53,101	$	52,822	$	49,605

(a) June 30, 2013 and December 31, 2012 loan balances include $96 million and $90 million of commercial credit card balances, respectively.

(b) Excluded at June 30, 2013, December 31, 2012, and June 30, 2012, are loans in the amount of $5.0 billion, $5.2 billion and $5.5 billion, respectively, related to the discontinued operations of the education lending business.

(c) June 30, 2013 loan balance includes purchased loans of $187 million of which $19 million were PCI loans. December 31, 2012 loan balance includes purchased loans of $217 million of which $23 million were PCI loans.

Loans Held for Sale

Our loans held for sale are summarized as follows:

in millions	June 30,  2013		December 31,  2012		June 30,  2012
Commercial, financial and agricultural	$	22	$	29	$	18
Real estate — commercial mortgage		318		477		523
Real estate — construction		—		—		12
Commercial lease financing		14		8		13
Real estate — residential mortgage		48		85		90
Total loans held for sale	$	402	$	599	$	656

Summary of Changes in Loans Held for Sale

Our quarterly summary of changes in loans held for sale as follows:

in millions	June 30,  2013		December 31,  2012		June 30,  2012
Balance at beginning of the period	$	434	$	628	$	511
New originations		1,241		1,686		1,308
Transfers from held to maturity, net		17		38		7
Loan sales		(1,292)		(1,747)		(1,165)
Loan draws (payments), net		—		(4)		(4)
Transfers to OREO / valuation adjustments		2		(2)		(1)
Balance at end of period	$	402	$	599	$	656