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Equity (Tables)
12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Preferred Stock - Authorized, Issued and Outstanding [Table Text Block]
Table 138: Preferred Stock - Authorized, Issued and Outstanding
Preferred Shares
Liquidation
December 31value per
Shares in thousandsshare20142013
Authorized
$1 par value16,58816,588
Issued and outstanding
Series B$ 40 11
Series K 10,000 5050
Series O 100,000 1010
Series P 100,000 1515
Series Q 100,000 55
Series R 100,000 55
Total issued and outstanding86 86
Terms Of Outstanding Preferred Stock [Table Text Block]
The following table discloses information related to the preferred stock outstanding as of December 31, 2014.
Table 139: Terms of Outstanding Preferred Stock
Fractional
Interest in a
share of
Number of preferred stock
Depositaryrepresented by Optional
Preferred IssueShareseach Depositary Annual Per ShareRedemption
StockDateIssued ShareDividend Dates (a)Dividend RateDate (b)
Series B (c)(c)N/AN/AQuarterly from March 10th$1.80 None
Series K (d)May 21, 2008500,0001/10thSemi-annually beginning on November 21, 2008until May 21, 20138.25% until May 21, 2013May 21, 2013
Quarterly beginning on August 21, 2013 3 Mo. LIBOR plus 4.22% per annumbeginning on May 21, 2013
Series O (d)July 27, 20111 million 1/100thSemi-annually beginning on February 1, 2012until August 1, 20216.75% until August 1, 2021August 1, 2021
Quarterly beginning on November 1, 20213 Mo. LIBOR plus 3.678% per annumbeginning on August 1, 2021
Series P (d)April 24, 201260 million1/4,000thQuarterly beginning on August 1, 20126.125% until May 1, 2022 May 1, 2022
3 Mo. LIBOR plus 4.0675% per annumbeginning on May 1, 2022
Series Q (d)September 21, 201218 million 1/4,000thQuarterly beginning on December 1, 20125.375%December 1, 2017
October 9, 20121.2 million
Series R (d)May 7, 2013500,0001/100thSemi-annually beginning on December 1, 2013 until June 1, 20234.85% until June 1, 2023June 1, 2023
Quarterly beginning on September 1, 20233 Mo. LIBOR plus 3.04% per annumbeginning June 1, 2023
(a)Dividends are payable when, as, and if declared by our Board of Directors or an authorized committee of our Board.
(b)Redeemable at PNC's option on or after the date stated. With the exception of the Series B and Series K preferred stock, redeemable at PNC's option within 90 days of a regulatory capital treatment event as defined in the designations.
(c)Cumulative preferred stock. Holders of Series B preferred stock are entitled to 8 votes per share, which is equal to the number of full shares of common stock into which the Series B preferred stock is convertible. The Series B preferred stock was issued in connection with the consolidation of Pittsburgh National Corporation and Provident National Corporation in 1983.
(d)Non-Cumulative preferred stock.