Capital One 2013 Annual Report Download - page 244

CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The investment guidelines provide the following asset allocation targets and ranges: domestic equity target of
39% and allowable range of 34% to 44%, international equity target of 16% and allowable range of 11% to 21%,
fixed income securities target of 45% and allowable range of 35% to 55%.
Fair Value Measurement
For information on fair value measurements, including descriptions of Level 1, 2 and 3 of the fair value hierarchy
and the valuation methods we utilize, see “Note 1—Summary of Significant Accounting Policies” and “Note
18—Fair Value of Financial Instruments.”
Table 16.6 Plan Assets Measured at Fair Value on a Recurring Basis
December 31, 2013
Fair Value Measurements Using Assets
at Fair
Value(Dollars in millions) Level 1 Level 2 Level 3
Plan Assets
Common collective trusts ..................................... $0 $150 $0 $150
Money market fund .......................................... 0 00 0
Corporate bonds (S&P rating of A or higher) ...................... 0 15 0 15
Corporate bonds (S&P rating of lower than A) .................... 0 24 0 24
Government securities ....................................... 0 33 0 33
Mortgage-backed securities ................................... 0 14 0 14
Municipal bonds ............................................ 0 10 1
Total ................................................. $0 $237 $0 $237
December 31, 2012
Fair Value Measurements Using Assets
at Fair
Value(Dollars in millions) Level 1 Level 2 Level 3
Plan Assets
Common collective trusts ..................................... $0 $136 $0 $136
Money market fund .......................................... 0 1 0 1
Corporate bonds (S&P rating of A or higher) ...................... 0 14 0 14
Corporate bonds (S&P rating of lower than A) .................... 0 26 0 26
Government securities ....................................... 0 39 0 39
Mortgage-backed securities ................................... 0 14 0 14
Municipal bonds ............................................ 0 1 0 1
Total ................................................. $0 $231 $0 $231
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