Loans and Commitments to Extend Credit

6 Months Ended

Jun. 30, 2013

Loans and Commitments to Extend Credit [Abstract]

Note 4 Loans and Commitments to Extend Credit

Loans outstanding were as follows:

Table 63: Loans Outstanding

		June 30		December 31
In millions		2013		2012
Commercial lending
	Commercial	$	86,930	$	83,040
	Commercial real estate		18,991		18,655
	Equipment lease financing		7,349		7,247
Total commercial lending			113,270		108,942
Consumer lending
	Home equity		36,416		35,920
	Residential real estate		14,777		15,240
	Credit card		4,135		4,303
	Other consumer		21,177		21,451
Total consumer lending			76,505		76,914
	Total loans (a) (b)	$	189,775	$	185,856
(a)	Net of unearned income, net deferred loan fees, unamortized discounts and premiums, and purchase discounts and premiums totaling $2.3 billion and $2.7 billion at
	June 30, 2013 and December 31, 2012, respectively.
(b)	Future accretable yield related to purchased impaired loans is not included in loans outstanding.

At June 30, 2013, we pledged $22.9 billion of commercial loans to the Federal Reserve Bank and $45.5 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, 2012 were $23.2 billion and $37.3 billion, respectively.

Table 64: Net Unfunded Credit Commitments

		June 30		December 31
In millions		2013		2012
Commercial and commercial real estate		$	82,790	$	78,703
Home equity lines of credit			19,325		19,814
Credit card			17,101		17,381
Other			4,926		4,694
	Total (a)	$	124,142	$	120,592
(a)	Excludes standby letters of credit. See Note 18 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 June 30, 2013, commercial commitments reported above exclude $23.5 billion of syndications, assignments and participations, primarily to financial institutions. The comparable amount at December 31, 2012 was $22.5 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.