Loans and Commitments to Extend Credit

9 Months Ended

Sep. 30, 2011

Loans and Commitments to Extend Credit [Abstract]

Note 4 Loans and Commitments to Extend Credit

Loans outstanding were as follows:

Loans Outstanding

		September 30		December 31
In millions		2011		2010
Commercial lending
	Commercial	$	62,250	$	55,177
	Commercial real estate		16,413		17,934
	Equipment lease financing		6,186		6,393
TOTAL COMMERCIAL LENDING			84,849		79,504
Consumer lending
	Home equity		33,163		34,226
	Residential real estate		14,655		15,999
	Credit card		3,785		3,920
	Other consumer		18,091		16,946
TOTAL CONSUMER LENDING			69,694		71,091
	Total loans (a) (b)	$	154,543	$	150,595
(a)	Net of unearned income, net deferred loan fees, unamortized discounts and premiums, and purchase discounts and premiums totaling $2.4 billion and $2.7 billion at
	September 30, 2011 and December 31, 2010, respectively.
(b)	Future accretable yield related to purchased impaired loans is not included in loans outstanding.

At September 30, 2011, we pledged $20.2 billion of commercial loans to the Federal Reserve Bank and $27.9 billion of residential real estate and other loans to the Federal Home Loan Bank as collateral for the contingent ability to borrow, if necessary. The comparable amounts at December 31, 2010 were $12.6 billion and $32.4 billion, respectively.

Net Unfunded Credit Commitments

		September 30		December 31
In millions		2011		2010
Commercial and commercial real estate		$	65,497	$	59,256
Home equity lines of credit			18,613		19,172
Credit card			15,699		14,725
Other			3,427		2,652
	Total (a)	$	103,236	$	95,805
(a)	Excludes standby letters of credit. See Note 17 Commitments and Guarantees for additional information on standby letters of credit.

Commitments to extend credit represent arrangements to lend funds or provide liquidity subject to specified contractual conditions. At September 30, 2011, commercial commitments reported above exclude $19.7 billion of syndications, assignments and participations, primarily to financial institutions. The comparable amount at December 31, 2010 was $16.7 billion.

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, most commitments expire unfunded, and therefore cash requirements are substantially less than the total commitment.