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PNC » Topics » Fair Value Option - Changes in Fair Value

This excerpt taken from the PNC 10-K filed Mar 2, 2009.

Fair Value Option – Changes in Fair Value

 

     Total gains (losses)  
In millions    For the year ended
December 31,
2008		  

Assets

     

Customer resale agreements (a)

    $ 69  

Commercial mortgage loans held for sale (a)

      (251 )
(a) The impact on earnings of offsetting hedges is not reflected in these amounts.

The following table provides fair values and aggregate unpaid principal balances of items for which we elected the fair value option.

This excerpt taken from the PNC 10-Q filed Nov 6, 2008.

Fair Value Option – Changes in Fair Value

 

     Total gains (losses)  
In millions    Three months ended
September 30, 2008		     Nine months ended
September 30, 2008		  

Assets

       

Customer resale agreements (a)

    $ 7     $ 4  

Commercial mortgage loans held for sale (a)

      (63 )     (243 )
(a) The impact on earnings of offsetting hedges is not reflected in these amounts.

The following table provides fair values and aggregate unpaid principal balances of items for which we elected the fair value option.

This excerpt taken from the PNC 10-Q filed Aug 8, 2008.

Fair Value Option – Changes in Fair Value

 

    Total gains (losses)  
In millions  

Three months

ended June 30, 2008

    

Six months

ended June 30, 2008

  

Assets

      

Customer resale agreements (a)

   $ (32 )   $ (3 )

Commercial mortgage loans held for sale (a)

     (50 )     (180 )
(a) The impact on earnings of offsetting hedges is not reflected in these amounts.

The following table provides fair values and aggregate unpaid principal balances of items for which we elected the fair value option.

This excerpt taken from the PNC 10-Q filed May 12, 2008.

Fair Value Option – Changes in Fair Value

 

In millions   

Total gains (losses)

for three months

ended March 31, 2008

  

Assets

     

Customer resale agreements

    $ 29  

Commercial mortgage loans held for sale

      (130 )

The following table summarizes the difference between fair values and the aggregate unpaid principal balances of financial assets and liabilities for which the fair value election was made.

EXCERPTS ON THIS PAGE:

10-K
Mar 2, 2009
10-Q
Nov 6, 2008
10-Q
Aug 8, 2008
10-Q
May 12, 2008

RELATED TOPICS for PNC:

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