ALLFIRST FINANCIAL INC - Annual Report (Regulation S-K, item 405) (10-K405) BALANCE SHEET

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The following is an excerpt from a 10-K405 SEC Filing, filed by ALLFIRST FINANCIAL INC on 3/16/2000.

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ALLFIRST FINANCIAL INC - 10-K405 - 20000316 - BALANCE_SHEET

Off-Balance Sheet Financial Instruments Issued for Lending Activities

Allfirst issues off-balance sheet financial instruments as part of its commercial and consumer lending activities. The contract amounts of these instruments represent potential credit risk at December 31, as shown below:

                                                          1999       1998
                                                       ---------- ----------
Commercial and consumer lending activities:
  Unfunded commitments to extend credit............... $6,094,848 $6,362,105
  Standby letters of credit...........................  1,237,881  1,165,328
  Commercial and similar letters of credit............     51,528     44,064
  Loans sold with recourse............................    225,283    185,091
  Securities lent.....................................        --      62,730