Medium- And Long-Term Debt

6 Months Ended

Jun. 30, 2013

MEDIUM- AND LONG-TERM DEBT

Medium- and long-term debt is summarized as follows:



(in millions)	June 30, 2013		December 31, 2012
Parent company
Subordinated notes:
4.80% subordinated notes due 2015	$	323	$	330
Medium-term notes:
3.00% notes due 2015	299		299
Total parent company	622		629
Subsidiaries
Subordinated notes:
7.375% subordinated notes due 2013	—		51
5.70% subordinated notes due 2014	261		267
5.75% subordinated notes due 2016	686		694
5.20% subordinated notes due 2017	572		593
Floating-rate based on LIBOR index subordinated notes due 2018	26		26
8.375% subordinated notes due 2024	185		186
7.875% subordinated notes due 2026	221		241
Total subordinated notes	1,951		2,058
Federal Home Loan Bank advances:
Floating-rate based on LIBOR indices due 2013 to 2014	1,000		2,000
Other notes:
6.0% - 6.4% fixed-rate notes due 2020	28		33
Total subsidiaries	2,979		4,091
Total medium- and long-term debt	$	3,601	$	4,720

The carrying value of medium- and long-term debt has been adjusted to reflect the gain or loss attributable to the risk hedged with interest rate swaps.

Subordinated notes with remaining maturities greater than one year qualify as Tier 2 capital.

Comerica Bank (the Bank) is a member of the FHLB, which provides short- and long-term funding collateralized by mortgage-related assets to its members. FHLB advances bear interest at variable rates based on LIBOR and were secured by a blanket lien on $14 billion of real estate-related loans at June 30, 2013.