Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.10.0.1
Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Carrying and Fair Value of Financial Instruments
The carrying values and fair values by fair value hierarchy of certain financial instruments where only a portion of the ending balance was carried at fair value at June 30, 2018 and December 31, 2017 are presented in the following table.
 
 
 
 
 
 
 
 
Fair Value of Financial Instruments
 
 
 
 
 
 
 
Fair Value
 
Carrying Value
 
Level 2
 
Level 3
 
Total
(Dollars in millions)
June 30, 2018
Financial assets
 
 
 
 
 
 
 
Loans
$
901,569

 
$
61,161

 
$
845,632

 
$
906,793

Loans held-for-sale
6,511

 
5,121

 
1,446

 
6,567

Financial liabilities
 
 
 
 
 
 
 
Deposits (1)
1,309,691

 
1,309,332

 
—

 
1,309,332

Long-term debt
226,595

 
230,268

 
1,225

 
231,493

Commercial unfunded lending commitments (2)
901

 
114

 
4,668

 
4,782

 
 
 
 
 
 
 
 
 
December 31, 2017
Financial assets
 
 
 
 
 
 
 
Loans
$
904,399

 
$
68,586

 
$
849,576

 
$
918,162

Loans held-for-sale
11,430

 
10,521

 
909

 
11,430

Financial liabilities
 

 
 
 
 
 
 

Deposits (1)
1,309,545

 
1,309,398

 
—

 
1,309,398

Long-term debt
227,402

 
235,126

 
1,863

 
236,989

Commercial unfunded lending commitments (2)
897

 
120

 
3,908

 
4,028


(1) 
Includes demand deposits of $515.6 billion and $519.6 billion with no stated maturities at June 30, 2018 and December 31, 2017.
(2) 
The carrying value is included in accrued expenses and other liabilities on the Consolidated Balance Sheet. For more information on commitments, see Note 10 – Commitments and Contingencies.