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PNC » Topics » Other Commitments (a)

This excerpt taken from the PNC 10-Q filed May 11, 2009.

Other Commitments (a)

 

March 31, 2009 – in millions   

Total

Amounts
Committed

Other unfunded loan commitments

    $ 61,114

Home equity lines of credit

      22,416

Consumer credit card lines

      19,291

Standby letters of credit (b)

      10,314

Other commitments (c)

      1,365

Total commitments

    $ 114,500
(a) Other commitments are funding commitments that could potentially require performance in the event of demands by third parties or contingent events. Loan commitments are reported net of participations, assignments and syndications.

 

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(b) Includes $4.8 billion of standby letters of credit that support remarketing programs for customers’ variable rate demand notes.
(c) Includes unfunded commitments related to private equity investments of $516 million and other investments of $159 million which are not on our Consolidated Balance Sheet. Also includes commitments related to tax credit investments of $658 million and other direct equity investments of $32 million which are included in other liabilities on the Consolidated Balance Sheet.
This excerpt taken from the PNC 10-Q filed Nov 6, 2008.

Other Commitments (a)

 

September 30, 2008 – in millions    Total

Loan commitments

    $ 57,094

Standby letters of credit (b)

      5,792

Other commitments (c)

      595

Total commitments

    $ 63,481
(a) Other commitments are funding commitments that could potentially require performance in the event of demands by third parties or contingent events. Loan commitments are reported net of participations, assignments and syndications.
(b) Includes $2.7 billion of standby letters of credit that support remarketing programs for customers’ variable rate demand notes.
(c) Includes unfunded commitments related to private equity investments of $238 million and other investments of $70 million which are not on our Consolidated Balance Sheet. Also includes commitments related to low income housing projects of $268 million and historic tax credits of $19 million which are included in other liabilities on the Consolidated Balance Sheet.

 

This excerpt taken from the PNC 10-Q filed Aug 8, 2008.

Other Commitments (a)

 

June 30, 2008 – in millions    Total

Loan commitments

    $ 51,558

Standby letters of credit (b)

      5,672

Other commitments (c)

      445

Total commitments

    $ 57,675
(a) Other commitments are funding commitments that could potentially require performance in the event of demands by third parties or contingent events. Loan commitments are reported net of participations, assignments and syndications.
(b) Includes $2.5 billion of standby letters of credit that support remarketing programs for customers’ variable rate demand notes.
(c) Includes unfunded commitments related to private equity investments of $254 million and other investments of $74 million which are not on our Consolidated Balance Sheet. Also includes commitments related to low income housing projects of $97 million and historic tax credits of $20 million which are included in other liabilities on the Consolidated Balance Sheet.
This excerpt taken from the PNC 10-Q filed May 12, 2008.

Other Commitments (a)

 

March 31, 2008 – in millions    Total

Loan commitments

    $ 52,426

Standby letters of credit (b)

      5,172

Other commitments (c)

      448

Total commitments

    $ 58,046
(a) Other commitments are funding commitments that could potentially require performance in the event of demands by third parties or contingent events. Loan commitments are reported net of participations, assignments and syndications.
(b) Includes $2.0 billion of standby letters of credit that support remarketing programs for customers’ variable rate demand notes.
(c) Includes private equity funding commitments related to equity management, low income housing projects and other investments.
This excerpt taken from the PNC 10-Q filed Nov 8, 2007.

Other Commitments (a)

 

September 30, 2007 – in millions    Total

Credit commitments

    $ 52,590

Standby letters of credit

      4,790

Other commitments (b)

      404

Total commitments

    $ 57,784
(a) Other commitments are funding commitments that could potentially require performance in the event of demands by third parties or contingent events. Loan commitments are reported net of participations, assignments and syndications.
(b) Includes private equity funding commitments related to equity management, low income housing projects and other investments.

 

This excerpt taken from the PNC 10-Q filed Aug 8, 2007.

Other Commitments (a)

 

June 30, 2007 - in millions    Total

Credit commitments

    $ 50,678

Standby letters of credit

      4,882

Other commitments (b)

      439

Total commitments

    $ 55,999
(a) Other commitments are funding commitments that could potentially require performance in the event of demands by third parties or contingent events. Loan commitments are reported net of participations, assignments and syndications.
(b) Includes private equity funding commitments related to equity management, low income housing projects and other investments.
This excerpt taken from the PNC 10-Q filed May 9, 2007.

Other Commitments (a)

March 31, 2007 - in millions    Total
Amounts
Committed

Credit commitments

    $ 49,263

Standby letters of credit

      4,798

Other commitments (b)

      407

Total commitments

    $ 54,468
(a) Other commitments are funding commitments that could potentially require performance in the event of demands by third parties or contingent events. Loan commitments are reported net of participations, assignments and syndications.
(b) Includes private equity funding commitments related to equity management, low income housing projects and other investments.
This excerpt taken from the PNC 10-Q filed Nov 9, 2006.

Other Commitments (a)

September 30, 2006 - in millions   Total
Amounts
Committed

Credit commitments

   $43,804

Standby letters of credit

   4,416

Other commitments (b)

   173

Total commitments

   $48,393
(a) Other commitments are funding commitments that could potentially require performance in the event of demands by third parties or contingent events. Loan commitments are reported net of participations, assignments and syndications.
(b) Includes equity funding commitments related to equity management and affordable housing.

 

This excerpt taken from the PNC 10-Q filed Aug 9, 2006.

Other Commitments (a)

June 30, 2006 - in millions   

Total

Amounts
Committed

Loan commitments

    $40,904

Standby letters of credit

    4,292

Other commitments (b)

    5,265

Total commitments

    $50,461
(a) Other commitments are funding commitments that could potentially require performance in the event of demands by third parties or contingent events. Loan commitments are reported net of participations, assignments and syndications.
(b) Includes liquidity facilities commitments, standby bond repurchase agreements, equity funding commitments related to equity management and affordable housing, as well as BlackRock’s investment commitments and obligation under an acquired management contract.
This excerpt taken from the PNC 10-Q filed May 9, 2006.

Other Commitments (a)

March 31, 2006 – in millions    Total
Amounts
Committed

Loan commitments

    $ 40,806

Standby letters of credit

      4,231

Other commitments (b)

      5,330

Total commitments

    $ 50,367
(a) Other commitments are funding commitments that could potentially require performance in the event of demands by third parties or contingent events. Loan commitments are reported net of participations, assignments and syndications.
(b) Includes standby bond repurchase agreements, liquidity facilities commitments and equity funding commitments related to equity management and affordable housing as well as BlackRock’s investment commitments and obligation under an acquired management contract.

 

EXCERPTS ON THIS PAGE:

10-Q
May 11, 2009
10-Q
Nov 6, 2008
10-Q
Aug 8, 2008
10-Q
May 12, 2008
10-Q
Nov 8, 2007
10-Q
Aug 8, 2007
10-Q
May 9, 2007
10-Q
Nov 9, 2006
10-Q
Aug 9, 2006
10-Q
May 9, 2006

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