PNC » Topics » Cash Flow Hedges

This excerpt taken from the PNC 10-Q filed May 11, 2009.

Cash Flow Hedges

 

Three months ended

March 31, 2009

In millions

   Gain (Loss) on Derivatives
Recognized in
OCI (Effective Portion)
   Gain (Loss) Reclassified from
Accumulated OCI into Income
(Effective Portion)
   

Gain (Loss) Recognized in

Income on Derivatives

Ineffective Portion and

Amount Excluded from
Effectiveness Testing (a)

      Amount    Location    Amount     Location    Amount

Interest rate contracts

   $ 5    Interest income    $ (2 )   Noninterest income    $ 2
(a) Total represents $2 million related to the ineffective portion of the hedging relationships.

 

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