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)
 9 Months Ended
Sep. 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 September 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)
September 30, 2018
Financial assets
 
 
 
 
 
 
 
Loans
$
895,452

 
$
59,840

 
$
839,262

 
$
899,102

Loans held-for-sale
5,576

 
4,287

 
1,331

 
5,618

Financial liabilities
 

 
 
 
 
 
 
Deposits (1)
1,345,649

 
1,345,360

 
—

 
1,345,360

Long-term debt
234,100

 
238,908

 
923

 
239,831

Commercial unfunded lending commitments (2)
862

 
70

 
4,345

 
4,415

 
 
 
 
 
 
 
 
 
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 $534.4 billion and $519.6 billion with no stated maturities at September 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.