Comerica 2009 Annual Report Download - page 116
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Comerica Incorporated and Subsidiaries
Note 14 — Medium- and Long-Term Debt
Medium- and long-term debt are summarized as follows:
December 31
2009 2008
(in millions)
Parent company
Subordinated notes:
4.80% subordinated note due 2015 .................................. $ 325 $ 342
6.576% subordinated notes due 2037 ................................. 511 510
Total subordinated notes ............................................ 836 852
Medium-term note:
Floating rate based on LIBOR indices due 2010 ......................... 150 150
Total parent company .............................................. 986 1,002
Subsidiaries
Subordinated notes:
8.50% subordinated note due 2009 .................................. —101
7.125% subordinated note due 2010 .................................. 152 149
5.70% subordinated note due 2014 .................................. 275 286
5.75% subordinated notes due 2016 .................................. 678 701
5.20% subordinated notes due 2017 .................................. 543 592
8.375% subordinated note due 2024 .................................. 187 207
7.875% subordinated note due 2026 .................................. 204 246
Total subordinated notes ............................................ 2,039 2,282
Medium-term notes:
Floating rate based on LIBOR indices due 2009 to 2012 ................... 1,982 3,669
Floating rate based on Federal Funds indices due 2009 .................... —100
Federal Home Loan Bank advances:
Floating rate based on LIBOR indices due 2009 to 2014 ................... 6,000 8,000
Other notes:
6.0% — 6.4% fixed rate notes due 2020 .............................. 53 —
Total subsidiaries ................................................. 10,074 14,051
Total medium- and long-term debt ..................................... $11,060 $15,053
The carrying value of medium- and long-term debt has been adjusted to reflect the gain or loss attributable
to the risk hedged. Concurrent with or subsequent to the issuance of certain of the medium- and long-term debt
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