Fifth Third Bank 2012 Annual Report Download - page 118

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
116 Fifth Third Bancorp
The following tables reflect the notional amounts and fair values for all derivative instruments included in the Consolidated Balance Sheets as of:
Fair Value
Notional Derivative Derivative
December 31, 2012 ($ in millions) Amount Assets Liabilities
Qualifying hedging instruments
Fair value hedges:
Interest rate swaps related to long-term debt $ 2,880 558 -
Total fair value hedges 558 -
Cash flow hedges:
Interest rate floors related to C&I loans 1,500 22 -
Interest rate swaps related to C&I loans 1,000 60 -
Interest rate caps related to long-term debt 500 - -
Interest rate swaps related to long-term debt 250 - 1
Total cash flow hedges 82 1
Total derivatives designated as qualifying hedging instruments 640 1
Derivatives not designated as qualifying hedging instruments
Free-standing derivatives - risk management and other business purposes:
Interest rate contracts related to MSRs 10,177 219 -
Forward contracts related to held for sale mortgage loans 5,322 2 14
Stock warrants associated with sale of the processing business 416 177 -
Swap associated with the sale of Visa, Inc. Class B shares 644 - 33
Total free-standing derivatives - risk management and other business purposes 398 47
Free-standing derivatives - customer accommodation:
Interest rate contracts for customers 27,354 586 602
Interest rate lock commitments 4,894 60 -
Commodity contracts 3,084 87 82
Foreign exchange contracts 17,297 201 183
Derivative instruments related to equity linked CDs 5 - -
Total free-standing derivatives - customer accommodation 934 867
Total derivatives not designated as qualifying hedging instruments 1,332 914
Total $ 1,972 915