Fifth Third Bank 2013 Annual Report Download - page 125

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
123 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, 2013 ($ in millions) Amount Assets Liabilities
Qualifying hedging instruments
Fair value hedges:
Interest rate swaps related to long-term debt $ 3,205 292 13
Total fair value hedges 292 13
Cash flow hedges:
Interest rate swaps related to C&I loans 2,200 40 21
Total cash flow hedges 40 21
Total derivatives designated as qualifying hedging instruments 332 34
Derivatives not designated as qualifying hedging instruments
Free-standing derivatives - risk management and other business purposes:
Interest rate contracts related to MSRs 4,092 141 14
Forward contracts related to held for sale mortgage loans 1,448 13 1
Stock warrant associated with Vantiv Holding, LLC 664 384 -
Swap associated with the sale of Visa, Inc. Class B shares 947 - 48
Total free-standing derivatives - risk management and other business purposes 538 63
Free-standing derivatives - customer accommodation:
Interest rate contracts for customers 28,112 329 339
Interest rate lock commitments 924 12 1
Commodity contracts 3,300 66 65
Foreign exchange contracts 19,688 276 252
Total free-standing derivatives - customer accommodation 683 657
Total derivatives not designated as qualifying hedging instruments 1,221 720
Total
$
1,553 754
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 warrant associated with Vantiv Holding, LLC 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