PNC » Topics » Details of Loans Held for Sale (Unaudited)

This excerpt taken from the PNC 8-K filed Feb 3, 2009.

Details of Loans Held for Sale (Unaudited)

 

     December 31    September 30    June 30    March 31    December 31

In millions

   2008 (c)    2008    2008    2008    2007

Commercial mortgage

   $ 2,158    $ 1,505    $ 1,864    $ 2,268    $ 2,116

Residential mortgage

     1,962      99      102      112      117

Education (d)

                 1,525

Other

     246      318      322      136      169
                                  

Total

   $ 4,366    $ 1,922    $ 2,288    $ 2,516    $ 3,927
                                  

 

(c) Amounts at December 31, 2008 included $2.2 billion of loans held for sale related to National City.
(d) During February 2008, substantially all education loans were transferred at lower of cost or market value from held for sale to the loan portfolio.

 

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