PNC » Topics » Fair Value Measurements-Nonrecurring (a)

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

Fair Value Measurements—Nonrecurring (a)

 

     Fair Value    Gains (Losses) for
three months ended
 
In millions    March 31
2009
   December 31
2008
   March 31
2009
    March 31
2008
 

Assets

              

Nonaccrual loans

   $ 509    $ 250    $ (146 )   $ (26 )

Loans held for sale

     26      101      (6 )     (8 )

Equity investment

     60      75      (43 )    

Commercial mortgage servicing rights (b)

     329      560      9      

Other assets

     80           (24 )    

Total assets

   $ 1,004    $ 986    $ (210 )   $ (34 )
(a) All Level 3.
(b) One stratum at fair value at March 31, 2009 and two strata at December 31, 2008.

 

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