Commitments And Guarantees (Tables)

6 Months Ended

Jun. 30, 2015

Commitments and Guarantees [Abstract]

Commitments to Extend Credit and Other Commitments

Table 110: Commitments to Extend Credit and Other Commitments

			June 30		December 31
In millions			2015		2014
Commitments to extend credit
	Total commercial lending		$	97,334	$	98,742
	Home equity lines of credit			17,570		17,839
	Credit card			18,999		17,833
	Other			4,339		4,178
Total commitments to extend credit				138,242		138,592
Net outstanding standby letters of credit (a)				9,509		9,991
Reinsurance agreements				2,118		4,297
Standby bond purchase agreements (b)				959		1,095
Other commitments (c)				964		962
		Total commitments to extend credit and other commitments	$	151,792	$	154,937
(a)	Net outstanding standby letters of credit include $5.2 billion which support remarketing programs at both June 30, 2015 and December 31, 2014, respectively.
(b)	We enter into standby bond purchase agreements to support municipal bond obligations.
(c)	Includes $579 million and $441 million related to investments in qualified affordable housing projects at June 30, 2015 and December 31, 2014, respectively.

Internal Credit Ratings Related to Net Outstanding Standby Letters of Credit

Table 111: Internal Credit Ratings Related to Net Outstanding Standby Letters of Credit

		June 30			December 31
		2015			2014
Internal credit ratings (as a percentage of portfolio):
	Pass (a)		94	%		95	%
	Below pass (b)		6	%		5	%
(a)	Indicates that expected risk of loss is currently low.
(b)	Indicates a higher degree of risk of default.

Reinsurance Agreements Exposure

Table 112: Reinsurance Agreements Exposure (a)
		June 30			December 31
In millions		2015			2014
Accidental Death & Dismemberment			$	1,705		$	1,774
Credit Life, Accident & Health				413			467
Lender Placed Hazard (b) (c)							2,056
Maximum Exposure (d)			$	2,118		$	4,297

Maximum Exposure to Quota Share Agreements with 100% Reinsurance			$	412		$	466
(a)	Reinsurance agreements exposure balances represent estimates based on availability of financial information from insurance carriers.
(b)	Through the purchase of catastrophe reinsurance connected to the Lender Placed Hazard Exposure, should a catastrophic event occur, PNC will benefit from this reinsurance. No credit for the catastrophe reinsurance protection is applied to the aggregate exposure figure.
(c)	Program was placed into run-off for coverage issued or renewed on or after June 1, 2014 with policy terms one year or less.
(d)	The Borrower and Lender Paid Mortgage Insurance program was placed into run-off. Most of these policies carry no liability to PNC, and due to immateriality this program is no longer included in the maximum exposure amount.

Reinsurance Reserves - Rollforward

A rollforward of the reinsurance reserves for probable losses for the first six months of 2015 and 2014 follows:

Table 113: Reinsurance Reserves - Rollforward

In millions	2015		2014
January 1	$	13	$	32
Paid Losses		(6)		(12)
Net Provision		4		6
Changes to Agreements				(10)
June 30	$	11	$	16

Analysis of Commercial Mortgage Recourse Obligations

Table 114: Analysis of Commercial Mortgage Recourse Obligations

In millions		2015		2014
January 1	$	35	$	33
Reserve adjustments, net				2
June 30	$	35	$	35

Analysis of Indemnification and Repurchase Liability for Asserted Claims and Unasserted Claims

Table 115: Analysis of Indemnification and Repurchase Liability for Asserted Claims and Unasserted Claims

		2015						2014
				Home						Home
				Equity						Equity
		Residential		Loans/				Residential		Loans/
In millions		Mortgages (a)		Lines (b)		Total		Mortgages (a)		Lines (b)		Total
January 1		$	107	$	29	$	136	$	131	$	22	$	153
Reserve adjustments, net			2				2		(17)		12		(5)
Losses - loan repurchases and private investor settlements			(12)		(1)		(13)		(13)		(9)		(22)
June 30		$	97	$	28	$	125	$	101	$	25	$	126
(a)	The unpaid principal balance of loans associated with our exposure to repurchase obligations totaled $66.5 billion and $69.8 billion at June 30, 2015 and June 30, 2014, respectively.
(b)	Repurchase obligation was associated with sold loan portfolios of $2.3 billion and $2.7 billion at June 30, 2015 and June 30, 2014, respectively. PNC is no longer engaged in the brokered home equity lending business, which was acquired with National City.

Resale and Repurchase Agreements Offsetting

Table 116: Resale and Repurchase Agreements Offsetting

Amounts

Securities

Offset

Collateral

Gross

on the

Net

Held Under

Resale

Consolidated

Resale

Master Netting

Net

In millions

Agreements

Balance Sheet

Agreements (a)

Agreements (b)

Amounts (c)

Resale Agreements

June 30, 2015

1,548

1,474

December 31, 2014

1,646

1,569

Amounts

Securities

Offset

Collateral

Gross

on the

Net

Pledged Under

Repurchase

Consolidated

Repurchase

Master Netting

Net

In millions

Agreements

Balance Sheet

Agreements (d)

Agreements (b)

Amounts (e)

Repurchase Agreements

June 30, 2015

2,132

1,332

800

December 31, 2014

3,406

2,580

826

(a)

Represents the resale agreement amount included in Federal funds sold and resale agreements on our Consolidated Balance Sheet and the related accrued interest income in the amount of less than $1 million at June 30, 2015 and $1 million at December 31, 2014, respectively, which is included in Other Assets on the Consolidated Balance Sheet.

(b)

Represents the fair value of securities collateral purchased or sold, up to the amount owed under the agreement, for agreements supported by a legally enforceable master netting agreement.

(c)

Represents certain long term resale agreements which are fully collateralized but do not have the benefits of a netting opinion and, therefore, might be subject to a stay in insolvency proceedings and therefore are not eligible under ASC 210-20 for netting.

(d)

Represents the repurchase agreement amount included in Federal funds purchased and repurchase agreements on our Consolidated Balance Sheet and the related accrued interest expense in the amount of less than $1 million at both June 30, 2015 and December 31, 2014, which is included in Other Liabilities on the Consolidated Balance Sheet.

(e)

Represents overnight repurchase agreements entered into with municipalities, pension plans, and certain trusts and insurance companies which are fully collateralized but do not have the benefits of a netting opinion and, therefore, might be subject to a stay in insolvency proceedings and therefore are not eligible under ASC 210-20 for netting. There were no long term repurchase agreements as of June 30, 2015 and December 31, 2014.

Repurchase Agreements By Type of Collateral Pledged

Table 117: Repurchase Agreements By Type of Collateral Pledged

			Overnight
June 30, 2015- In millions			or Continuous
Gross Repurchase Agreements
	U.S. Treasury and government agency securities		$	48
	Residential mortgage-backed agency securities			1,994
	Commercial mortgage-backed agency securities			90
		Total	$	2,132