PNC Bank 2009 Annual Report Download - page 113

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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. Consumer home equity lines of credit
accounted for 52% of consumer unfunded credit commitments
at December 31, 2009.
Unfunded credit commitments related to Market Street totaled
$5.6 billion at December 31, 2009 and $6.4 billion at
December 31, 2008 and are included in the preceding table
primarily within the “Commercial and commercial real estate”
category.
At December 31, 2009, we pledged $18.8 billion of loans to
the Federal Reserve Bank and $32.6 billion of loans to the
Federal Home Loan Banks as collateral for the contingent
ability to borrow, if necessary.
109