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PNC Financial Services (PNC)
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PNC
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Fair Value Hedges
This excerpt taken from the
PNC 10-Q
filed May 11, 2009.
Fair Value Hedges
Three months ended
March 31, 2009
In millions
Gain (Loss)
Recognized
in Income on
Derivatives
Gain (Loss) on
Related Hedged
Items Recognized
in Income
Hedged Items
Location
Amount
Amount
Interest rate contracts
Federal Home Loan Bank borrowings
Borrowed funds (interest expense)
$
(5
)
$
(30
)
Interest rate contracts
Subordinated debt
Borrowed funds (interest expense)
22
(66
)
Interest rate contracts
Bank notes and senior debt
Borrowed funds (interest expense)
(32
)
16
Total
$
(15
)
$
(80
)
"Fair Value Hedges" elsewhere:
SunTrust Banks (STI)
Citigroup (C)
BB&T (BBT)
Fifth Third Bancorp (FITB)
Marshall & Ilsley (MI)
National City (NCC)
Regions Financial Corporation (RF)
SVB Financial Group (SIVB)
South Financial Group (TSFG)
State Street (STT)
US BANCORP \DE\ (USB)
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