the net income attributable to the noncontrolling interest is  reported separately in the Consolidated Statements of Income.  The Bancorp’s maximum exposure related to this indemnification  at December 31, 2010 is $9 million, which is based on an amount  required to meet the investor member’s defined target rate of  return. The following table provides a summary of assets and liabilities  carried on the Bancorp’s Consolidated Balance Sheet as of  December 31, 2010 related to non-consolidated VIEs for which  the Bancorp holds a variable interest, but is not the primary  beneficiary to the VIE, as well as the Bancorp’s maximum  exposure to losses associated with its interests in the entities:  As noted previously, CDC typically invests in VIEs as a limited  partner or investor member in the form of equity contributions.  The Bancorp has determined that it is not the primary beneficiary  of these VIEs because it lacks the power to direct the activities that  most significantly impact the economic performance of the  underlying project or the VIEs’ ability to operate in compliance  with the rules and regulations necessary for the qualification of tax  credits generated by equity investments. This power is held by the  general partners/managing members who exercise full and exclusive control of the operations of the VIEs. Accordingly, the  Bancorp accounts for these investments under the equity method  of accounting. The Bancorp’s funding requirements are limited to its invested  capital and any additional unfunded commitments for future equity  contributions. The Bancorp’s maximum exposure to loss as a result  of its involvement with the VIEs is limited to the carrying amounts  of the investments, including the unfunded commitments. As of  December 31, 2010 and 2009, the carrying amounts of these  investments, which are included in other assets in the Consolidated  Balance Sheets, were $1.2 billion and $1.1 billion, respectively.  Also, as of December 31, 2010 and 2009, the liabilities related to  the unfunded commitments, which are included in other liabilities  in the Consolidated Balance Sheets, were $286 million and $235  million, respectively. The Bancorp has no other liquidity arrangements or obligations to purchase assets of the VIEs that  would expose the Bancorp to a loss. In certain arrangements, the  general partner/managing member of the VIE has guaranteed a  level of projected tax credits to be received by the limited  partners/investor members, thereby minimizing a portion of the  Bancorp’s risk.  The Bancorp invests as a limited partner in private equity funds  which provide the Bancorp with an opportunity to obtain higher  rates of return on invested capital, while also creating cross-selling  opportunities for the Bancorp’s commercial products. Each of the  limited partnerships has an unrelated third-party general partner  responsible for appointing the fund manager. The Bancorp has not  been appointed fund manager for any of these private equity funds.  The funds finance primarily all of their activities from the partners’  capital contributions and investment returns. The private equity  funds qualify for the deferral of the amended VIE consolidation  guidance discussed in Note 1. However, under the VIE consolidation guidance still applicable to the funds, the Bancorp  has determined that it is not the primary beneficiary of the funds  because it does not absorb a majority of the funds’ expected losses  or receive a majority of the funds’ expected residual returns.  The Bancorp has provided funding to certain unconsolidated VIEs  sponsored by third parties. These VIEs are generally established to  finance certain consumer and small business loans originated by  third parties. The entities are primarily funded through the issuance  In the fourth quarter of 2010, the Bancorp voluntarily  provided credit support of less than $1 million to a money market  fund managed by FTAM. Accordingly, the Bancorp was required  to analyze the money market funds and similar funds managed by  FTAM under the VIE consolidation guidance still applicable to  these funds in order to determine the primary beneficiary of each  fund. In analyzing these funds, the Bancorp determined that  interest rate risk and credit risk are the two main risks to which the  funds are exposed. After analyzing the interest rate risk variability  and credit risk variability associated with these funds, the Bancorp  determined that it is not the primary beneficiary of these funds  because it does not absorb a majority of the funds’ expected losses  or receive a majority of the funds’ expected residual returns.  Therefore, the Bancorp’s investments in these funds are included  as other securities in the Bancorp’s Consolidated Balance Sheets.  Under U.S. GAAP, money market funds are generally not  considered VIEs because they are generally deemed to have  sufficient equity at risk to finance their activities without additional  subordinated financial support, and the fund shareholders do not  lack the characteristics of a controlling interest. However, when a  situation arises where an investment manager provides credit  support to a fund, even when not contractually required to do so,  the investment manager is deemed under U.S. GAAP to have  provided an implicit guarantee of the fund’s performance to the  fund’s shareholders. Such an implicit guarantee would require the  investment manager and other variable interest holders to  reconsider the VIE status of the fund, as well as all other similar  funds where such an implicit guarantee is now deemed to exist. The Bancorp is exposed to losses arising from a negative  performance of the underlying investments in the private equity  funds. As a limited partner, the Bancorp’s maximum exposure to  loss is limited to the carrying amounts of the investments plus  unfunded commitments. As of December 31, 2010 and 2009, the  carrying amounts of these investments, which are included in other  assets in the Consolidated Balance Sheets, were $129 million and  $98 million, respectively. Also as of December 31, 2010 and 2009,  the unfunded commitment amounts to the funds were $193 million  and $90 million, respectively. The Bancorp made capital contributions of $34 million to private equity funds during the year  ended December 31, 2010.  Therefore, the Bancorp accounts for its investments in these  limited partnerships under the equity method of accounting.   Fifth ThirdBancorp 89  Loans Provided to VIEs  Private Equity Investments  Money Market Funds  CDC Investments   ($ in millions)  Total  Assets  Total  Liabilities  Maximum  Exposure  CDC investments  $1,241 $286 $1,241 Private equity investments  129  3 322 Money market funds  148 - 158 Loans provided to VIEs  1,175  - 1,908 Restructured loans 12 13 Non-consolidated VIEs  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS