Loans and Loans Held for Sale (Tables)

9 Months Ended

Sep. 30, 2013

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Loans by Category

Our loans by category are summarized as follows:

in millions	September 30, 2013		December 31, 2012		September 30, 2012
Commercial, financial and agricultural (a)	$	24,317	$	23,242	$	21,979
Commercial real estate:
Commercial mortgage		7,544		7,720		7,529
Construction		1,058		1,003		1,067
Total commercial real estate loans		8,602		8,723		8,596
Commercial lease financing		4,550		4,915		4,960
Total commercial loans		37,469		36,880		35,535
Residential — prime loans:
Real estate — residential mortgage		2,198		2,174		2,138
Home equity:
Key Community Bank		10,285		9,816		9,768
Other		353		423		409	(d)
Total home equity loans		10,638		10,239		10,177
Total residential — prime loans		12,836		12,413		12,315
Consumer other — Key Community Bank		1,440		1,349		1,313
Credit cards		698		729		710
Consumer other:
Marine		1,083		1,358		1,448
Other		71		93		98
Total consumer other		1,154		1,451		1,546
Total consumer loans		16,128		15,942		15,884
Total loans (b) (c)	$	53,597	$	52,822	$	51,419

(a) September 30, 2013, December 31, 2012, and September 30, 2012 loan balances include $96 million, $90 million, and $88 million of commercial credit card balances, respectively.

(b) Excluded at September 30, 2013, December 31, 2012, and September 30, 2012, are loans in the amount of $4.7 billion, $5.2 billion, and $5.3 billion, respectively, related to the discontinued operations of the education lending business.

(c) September 30, 2013 loan balance includes purchased loans of $176 million of which $18 million were PCI loans. December 31, 2012 loan balance includes purchased loans of $217 million of which $23 million were PCI loans. September 30, 2012 loan balance includes purchased loans of $231 million of which $25 million were PCI loans.

(d) This loan category was impacted by $45 million in net loan charge-offs taken during the third quarter of 2012 related to updated regulatory guidance.

Loans Held for Sale

Our loans held for sale are summarized as follows:

	September 30,		December 31,		September 30,
in millions	2013		2012		2012
Commercial, financial and agricultural	$	68	$	29	$	13
Real estate — commercial mortgage		608		477		484
Real estate — construction		—		—		10
Commercial lease financing		—		8		4
Real estate — residential mortgage		23		85		117
Total loans held for sale	$	699	$	599	$	628

Summary of Changes in Loans Held for Sale

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

in millions	September 30, 2013			December 31, 2012			September 30, 2012
Balance at beginning of the period	$	402		$	628		$	656
New originations		1,467			1,686			1,280
Transfers from held to maturity, net		15			38			13
Loan sales		(1,181	)		(1,747	)		(1,311	)
Loan draws (payments), net		(4	)		(4	)		(9	)
Transfers to OREO / valuation adjustments		—			(2	)		(1	)
Balance at end of period	$	699		$	599		$	628