Fifth Third Bank 2014 Annual Report Download - page 124

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
122 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, 2014 ($ in millions) Amount Assets Liabilities
Qualifying hedging instruments
Fair value hedges:
Interest rate swaps related to long-term debt $ 2,205 399 -
Total fair value hedges 399 -
Cash flow hedges:
Interest rate swaps related to C&I loans 3,150 36 -
Total cash flow hedges 36 -
Total derivatives designated as qualifying hedging instruments 435 -
Derivatives not designated as qualifying hedging instruments
Free-standing derivatives - risk management and other business purposes:
Interest rate contracts related to MSRs 4,487 181 -
Forward contracts related to held for sale mortgage loans 999 - 6
Stock warrant associated with Vantiv Holding, LLC 691 415 -
Swap associated with the sale of Visa, Inc. Class B shares 1,092 - 49
Total free-standing derivatives - risk management and other business purposes 596 55
Free-standing derivatives - customer accommodation:
Interest rate contracts for customers 29,558 272 278
Interest rate lock commitments 613 12 -
Commodity contracts 3,558 348 338
Foreign exchange contracts 16,745 417 372
Total free-standing derivatives - customer accommodation 1,049 988
Total derivatives not designated as qualifying hedging instruments 1,645 1,043
Total $ 2,080 1,043
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