Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v2.4.0.6
Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2012
Investments, All Other Investments [Abstract]  
Carrying and fair values 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 are presented in the table below.

Fair Value of Financial Instruments
 
 
 
 
 
 
 
 
September 30, 2012
 
 
 
Fair Value
(Dollars in millions)
Carrying
Value
 
Level 2
 
Level 3
 
Total
Financial assets
 
 
 
 
 
 
 
Loans
$
844,028

 
$
108,849

 
$
750,085

 
$
858,934

Loans held-for-sale
16,436

 
11,817

 
4,565

 
16,382

Financial liabilities
 
 
 
 
 
 
 
Deposits
1,063,307

 
1,063,737

 

 
1,063,737

Long-term debt
286,534

 
286,723

 
2,290

 
289,013


The carrying values and fair values of certain financial instruments where only a portion of the ending balance was carried at fair value are presented in the table below.

Fair Value of Financial Instruments
 
 
 
 
December 31, 2011
(Dollars in millions)
Carrying
 Value
 
Fair
Value
Financial assets
 
 
 
Loans
$
870,520

 
$
843,392

Financial liabilities
 
 
 
Deposits
1,033,041

 
1,033,248

Long-term debt
372,265

 
343,211