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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2013
Debt Disclosure [Abstract]  
Summary of Long-Term Debt

 

 

(Dollars in millions)   June 30,
2013
  December 31,
2012
 

Debt issued by UnionBanCal Corporation

             

Senior debt:

             

Fixed rate 3.50% notes due June 2022

  $ 397   $ 397  

Subordinated debt:

             

Fixed rate 5.25% notes due December 2013

    402     406  
           

Total debt issued by UnionBanCal Corporation

    799     803  
           

Debt issued by Union Bank, N.A. and other subsidiaries

             

Senior debt:

             

Fixed and floating rate Federal Home Loan Bank advances with maturities ranging from September 2013 to February 2016. These notes bear a combined weighted-average rate of 1.32% at June 30, 2013 and 1.39% at December 31, 2012

    1,800     2,100  

Floating rate notes due June 2014. These notes, which bear interest at 0.95% above 3-month LIBOR, had a rate of 1.23% at June 30, 2013 and 1.26% at December 31, 2012

    300     300  

Fixed rate 2.125% notes due December 2013

    400     399  

Fixed rate 3.00% notes due June 2016

    699     699  

Fixed rate 2.125% notes due June 2017

    499     499  

Note payable:

             

Fixed rate 6.03% notes due July 2014 (related to consolidated VIE)

    6     6  

Subordinated debt:

             

Fixed rate 5.95% notes due May 2016

    724     729  

Subordinated debt due to BTMU:

             

Floating rate subordinated debt due June 2023. This note, which bears interest at 1.2% above 3-month LIBOR, had a rate of 1.48% at June 30, 2013

    750      

Junior subordinated debt payable to trusts(1):

             

Floating rate notes with maturities ranging from March 2033 to September 2036. These notes bear a combined weighted-average rate of 2.62% at June 30, 2013 and 2.66% at December 31, 2012

    66     66  

Capital lease obligations with a combined weighted average interest rate of 4.88% at June 30, 2013 and 4.72% at December 31, 2012(1)

    15     21  
           

Total debt issued by Union Bank, N.A. and other subsidiaries

    5,259     4,819  
           

Total long-term debt

  $ 6,058   $ 5,622  
           

(1)
Long-term debt assumed through PCBC acquisition