XML 31 R26.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Loan Sale and Servicing Activities and Variable Interest Entities (Tables)
 6 Months Ended
Jun. 30, 2011
Loan Sale and Servicing Activities and Variable Interest Entities [Abstract]  
Certain Financial Information and Cash Flows Associated with Loan Sale and Servicing Activities
Certain Financial Information and Cash Flows Associated with Loan Sale and Servicing Activities 
    
  Residential Commercial Home Equity 
In millionsMortgages Mortgages (a) Loans/Lines (b) 
FINANCIAL INFORMATION - June 30, 2011          
Servicing portfolio (c) $124,765 $163,240 $5,810 
Carrying value of servicing assets (d)  996  592  1 
Servicing advances  525  451  6 
Servicing deposits  2,072  3,700  40 
Repurchase and recourse obligations (e)  95  55  55 
Carrying value of mortgage-backed securities held (f)  1,688  1,973    
FINANCIAL INFORMATION - December 31, 2010          
Servicing portfolio (c) $125,806 $162,514 $6,041 
Carrying value of servicing assets (d)  1,033  665  2 
Servicing advances  533  415  21 
Servicing deposits  2,661  3,537  61 
Repurchase and recourse obligations (e)  144  54  150 
Carrying value of mortgage-backed securities held (f)  2,171  1,875    

  Residential Commercial Home Equity 
In millionsMortgages Mortgages (a) Loans/Lines (b) 
CASH FLOWS - Three months ended June 30, 2011          
Sales of loans (g) $3,144 $421    
Repurchases of previously transferred loans (h)  365    $8 
Contractual servicing fees received  87  44  6 
Servicing advances recovered/(funded), net  (22)  (1)    
Cash flows on mortgage-backed securities held (f)  107  80    
CASH FLOWS - Three months ended June 30, 2010          
Sales of loans (g) $2,296 $636    
Repurchases of previously transferred loans (h)  465    $6 
Contractual servicing fees received  107  71  7 
Servicing advances recovered/(funded), net  174  57  3 
Cash flows on mortgage-backed securities held (f)  148  167    
CASH FLOWS - Six months ended June 30, 2011          
Sales of loans (g) $6,529 $904    
Repurchases of previously transferred loans (h)  809    $30 
Contractual servicing fees received  177  87  12 
Servicing advances recovered/(funded), net  8  (36)  15 
Cash flows on mortgage-backed securities held (f)  258  177    
CASH FLOWS - Six months ended June 30, 2010          
Sales of loans (g) $4,226 $978    
Repurchases of previously transferred loans (h)  1,206    $7 
Contractual servicing fees received  216  126  14 
Servicing advances recovered/(funded), net  60  2  9 
Cash flows on mortgage-backed securities held (f)  290  204    
(a)Represents financial and cash flow information associated with both commercial mortgage loan transfer and servicing activities.
(b)These activities were part of an acquired brokered home equity business in which PNC is no longer engaged. See Note 17 Commitments and Guarantees for further information.
(c)For our continuing involvement with residential mortgages and home equity loan/line transfers, amount represents outstanding balance of loans transferred
 and serviced. For commercial mortgages, amount represents the portion of the overall servicing portfolio in which loans have been transferred by us or third
 parties to VIEs.
(d)See Note 8 Fair Value and Note 9 Goodwill and Other Intangible Assets for further information.
(e)Represents liability for our loss exposure associated with loan repurchases for breaches of representations and warranties for our Residential Mortgage Banking and
 Distressed Assets Portfolio segments, and our multifamily commercial mortgage loss share arrangements for our Corporate & Institutional Banking segment.
 See Note 17 Commitments and Guarantees for further information.
(f)Represents securities held where PNC transferred to and/or serviced loans for a securitization SPE and we hold securities issued by that SPE.
(g)There were no gains or losses recognized on the transaction date for sales of residential mortgage and certain commercial mortgage loans as these loans are
 recognized on the balance sheet at fair value. For transfers of commercial loans not recognized on the balance sheet at fair value, gains/losses recognized on sales of
 these loans were insignificant for the periods presented.
(h)Includes repurchases of insured loans, government guaranteed loans, and loans repurchased through the exercise of our ROAP option.
Schedule of Carrying Value of Assets and Liabilities for Consolidated Variable Interest Entities
Consolidated VIEs – Carrying Value (a)
                   
June 30, 2011  Credit Card Tax Credit   
In millionsMarket Street Securitization Trust Investments (b) Total 
Assets                
Cash and due from banks         $4  $4 
Interest-earning deposits with banks          9   9 
Investment securities $317           317 
Loans  3,010  $1,964       4,974 
Allowance for loan and lease losses      (105)       (105) 
Equity investments          1,332   1,332 
Other assets  421   8   606   1,035 
 Total assets $3,748  $1,867  $1,951  $7,566 
Liabilities                
Other borrowed funds $3,339  $287  $233  $3,859 
Accrued expenses      31   98   129 
Other liabilities  417       407   824 
 Total liabilities $3,756  $318  $738  $4,812 
                   
December 31, 2010  Credit Card Tax Credit   
In millionsMarket Street Securitization Trust Investments (b) Total 
Assets                
Cash and due from banks         $2  $2 
Interest-earning deposits with banks     $284   4   288 
Investment securities $192           192 
Loans  2,520   2,125       4,645 
Allowance for loan and lease losses      (183)       (183) 
Equity investments          1,177   1,177 
Other assets  271   9   396   676 
 Total assets $2,983  $2,235  $1,579  $6,797 
Liabilities                
Other borrowed funds $2,715  $523  $116  $3,354 
Accrued expenses      9   79   88 
Other liabilities  268       188   456 
 Total liabilities $2,983  $532  $383  $3,898 
(a) Amounts represent carrying value on PNC’s Consolidated Balance Sheet.
(b) Amounts primarily represent Low Income Housing Tax Credit (LIHTC) investments.
Schedule of Aggregate Assets and Aggregate Liabilities for Consolidated Variable Interest Entities
Assets and Liabilities of Consolidated VIEs (a)
          
  Aggregate Aggregate 
In millionsAssets Liabilities 
June 30, 2011        
Market Street $4,513  $4,517 
Credit Card Securitization Trust  1,902   475 
Tax Credit Investments (b)  1,958   775 
          
December 31, 2010        
Market Street $3,584  $3,588 
Credit Card Securitization Trust  2,269   1,004 
Tax Credit Investments (b)  1,590   420 
(a)Amounts in this table differ from total assets and liabilities in the preceding "Consolidated VIEs - Carrying Value" table as amounts in the preceding table reflect
 the elimination of intercompany assets and liabilities.
(b)Amounts primarily represent LIHTC investments.
Schedule of Assets and Liabilities for Non-consolidated Variable Interest Entities
Non-Consolidated VIEs  
                     
         Carrying  Carrying  
   Aggregate  Aggregate  PNC Risk  Value of  Value of  
In millionsAssets  Liabilities  of Loss  Assets  Liabilities  
June 30, 2011                  
Tax Credit Investments (a) $4,550 $2,488 $924 $924(c) $399(d) 
Commercial Mortgage-Backed Securitizations (b)  74,727  74,727  2,200  2,200(e)     
Residential Mortgage-Backed Securitizations (b)  35,729  35,729  1,712  1,710(e)  2(d) 
Collateralized Debt Obligations  16     1  1(c)     
 Total $115,022 $112,944 $4,837 $4,835  $401  
                     
         Carrying Carrying 
   Aggregate Aggregate PNC Risk Value of Value of 
In millionsAssets Liabilities of Loss Assets Liabilities 
December 31, 2010                  
Tax Credit Investments (a) $4,086 $2,258 $782 $782(c) $301(d) 
Commercial Mortgage-Backed Securitizations (b)  79,142  79,142  2,068  2,068(e)     
Residential Mortgage-Backed Securitizations (b)  42,986  42,986  2,203  2,199(e)  4(d) 
Collateralized Debt Obligations  18     1  1(c)     
 Total $126,232 $124,386 $5,054 $5,050  $305  
(a)Amounts primarily represent LIHTC investments. Aggregate assets and aggregate liabilities represent estimated balances due to limited availability of financial
 information associated with certain acquired partnerships.
(b)Amounts reflect involvement with securitization SPEs where PNC transferred to and/or services loans for a SPE and we hold securities issued by that SPE.
 We also invest in other mortgage and asset-backed securities issued by third-party VIEs with which we have no continuing involvement. Further information
 on these securities is included in Note 7 Investment Securities and values disclosed represent our maximum exposure to loss for those securities’ holdings.
(c)Included in Equity investments on our Consolidated Balance Sheet.
(d)Included in Other liabilities on our Consolidated Balance Sheet.
(e)Included in Trading securities, Investment securities, Other intangible assets, and Other assets on our Consolidated Balance Sheet.