PNC Bank 2014 Annual Report Download - page 187

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Additional Fair Value Information Related to Other Financial Instruments
The following table presents the carrying amounts and estimated fair values, including the level within the fair value hierarchy, of
all other financial instruments that are not measured on the consolidated financial statements at fair value as of December 31, 2014
and 2013.
Table 90: Additional Fair Value Information Related to Other Financial Instruments
In millions
Carrying
Amount
Fair Value
Total Level 1 Level 2 Level 3
December 31, 2014
Assets
Cash and due from banks $ 4,360 $ 4,360 $4,360
Short-term assets 34,380 34,380 $ 34,380
Securities held to maturity 11,588 11,984 292 11,683 $ 9
Loans held for sale 108 108 56 52
Net loans (excludes leases) 192,573 194,564 194,564
Other assets 1,879 2,544 1,802 742 (a)
Total Assets $244,888 $247,940 $4,652 $ 47,921 $195,367
Liabilities
Demand, savings and money market deposits $210,838 $210,838 $210,838
Time deposits 21,396 21,392 21,392
Borrowed funds 55,329 56,011 54,574 $ 1,437
Unfunded loan commitments and letters of credit 240 240 240
Total Liabilities $287,803 $288,481 $286,804 $ 1,677
December 31, 2013
Assets
Cash and due from banks $ 4,043 $ 4,043 $4,043
Short-term assets 14,906 14,906 $ 14,906
Securities held to maturity 11,687 11,765 243 11,505 $ 17
Loans held for sale 354 355 355
Net loans (excludes leases) 183,155 184,737 184,737
Other assets 1,765 2,578 1,607 971 (a)
Total Assets $215,910 $218,384 $4,286 $ 28,018 $186,080
Liabilities
Demand, savings and money market deposits $197,465 $197,465 $197,465
Time deposits 23,466 23,487 23,487
Borrowed funds 44,776 45,607 44,320 $ 1,287
Unfunded loan commitments and letters of credit 224 224 224
Total Liabilities $265,931 $266,783 $265,272 $ 1,511
(a) Represents estimated fair value of Visa Class B common shares, which was estimated solely based upon the December 31, 2014 and December 31, 2013 closing price for the Visa
Class A common shares, respectively, and the Visa Class B common share conversion rate, which reflects adjustments in respect of all litigation funding by Visa as of that date. The
transfer restrictions on the Visa Class B common shares could impact the aforementioned estimate, until they can be converted to Class A common shares. See Note 22 Commitments
and Guarantees for additional information.
The PNC Financial Services Group, Inc. – Form 10-K 169