The carrying values and fair values of certain financial instruments that were not carried at fair value at September 30, 2011 and December 31, 2010 are presented in the table below.
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September 30, 2011 |
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December 31, 2010 |
(Dollars in millions) |
Carrying
Value
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Fair
Value
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Carrying
Value
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Fair
Value
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Financial assets |
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Held-to-maturity debt securities (1)
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$ |
26,458 |
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$ |
26,508 |
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$ |
427 |
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$ |
427 |
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Loans |
876,199 |
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850,767 |
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876,739 |
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861,695 |
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Financial liabilities |
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Deposits |
1,041,353 |
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1,041,840 |
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1,010,430 |
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1,010,460 |
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Long-term debt |
398,965 |
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367,723 |
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448,431 |
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441,672 |
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(1) |
For more information on held-to-maturity debt securities, see Note 5 – Securities.
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