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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2012

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables summarize assets and liabilities measured at fair value on a recurring basis, including residential mortgage loans held for sale for which the Bancorp has elected the fair value option as of:


	Fair Value Measurements Using
June 30, 2012 ($ in millions)		Level 1^(c)	Level 2^(c)	Level 3	Total Fair Value
Assets:
Available-for-sale securities:
U.S. Treasury and government agencies	$	51	-	-	51
U.S. Government sponsored agencies		-	1,966	-	1,966
Obligations of states and political subdivisions		-	211	-	211
Agency mortgage-backed securities		-	9,279	-	9,279
Other bonds, notes and debentures		-	2,811	-	2,811
Other securities^(a)		80	311	-	391
Available-for-sale securities^(a)		131	14,578	-	14,709

Trading securities:
Obligations of states and political subdivisions		-	13	1	14
Agency mortgage-backed securities		-	19	-	19
Other bonds, notes and debentures		-	11	-	11
Other securities		156	-	-	156
Trading securities		156	43	1	200

Residential mortgage loans held for sale		-	1,788	-	1,788
Residential mortgage loans^(b)		-	-	76	76
Derivative assets:
Interest rate contracts		9	1,672	55	1,736
Foreign exchange contracts		-	237	-	237
Equity contracts		-	-	214	214
Commodity contracts		-	120	-	120
Derivative assets		9	2,029	269	2,307
Total assets	$	296	18,438	346	19,080

Liabilities:
Derivative liabilities
Interest rate contracts	$	37	695	1	733
Foreign exchange contracts		-	221	-	221
Equity contracts		-	-	30	30
Commodity contracts		-	112	-	112
Derivative liabilities		37	1,028	31	1,096

Short positions		9	1	-	10
Total liabilities	$	46	1,029	31	1,106


	Fair Value Measurements Using
December 31, 2011 ($ in millions)		Level 1	Level 2	Level 3	Total Fair Value
Assets:
Available-for-sale securities:
U.S. Treasury and Government agencies	$	171	-	-	171
U.S. Government sponsored agencies		-	1,962	-	1,962
Obligations of states and political subdivisions		-	101	-	101
Agency mortgage-backed securities		-	10,284	-	10,284
Other bonds, notes and debentures		-	1,812	-	1,812
Other securities^(a)		185	5	-	190
Available-for-sale securities^(a)		356	14,164	-	14,520

Trading securities:
Obligations of states and political subdivisions		-	8	1	9
Agency mortgage-backed securities		-	11	-	11
Other bonds, notes and debentures		-	13	-	13
Other securities		144	-	-	144
Trading securities		144	32	1	177

Residential mortgage loans held for sale		-	2,751	-	2,751
Residential mortgage loans^(b)		-	-	65	65
Derivative assets:
Interest rate contracts		8	1,773	34	1,815
Foreign exchange contracts		-	294	-	294
Equity contracts		-	-	113	113
Commodity contracts		-	134	-	134
Derivative assets		8	2,201	147	2,356
Total assets	$	508	19,148	213	19,869

Liabilities:
Derivative liabilities
Interest rate contracts	$	54	802	2	858
Foreign exchange contracts		-	275	-	275
Equity contracts		-	-	81	81
Commodity contracts		-	130	-	130
Derivative liabilities		54	1,207	83	1,344

Short positions		2	4	-	6
Total liabilities	$	56	1,211	83	1,350


	Fair Value Measurements Using
June 30, 2011 ($ in millions)		Level 1	Level 2	Level 3	Total Fair Value
Assets:
Available-for-sale securities:
U.S. Treasury and government agencies	$	206	-	-	206
U.S. Government sponsored agencies		-	2,259	-	2,259
Obligations of states and political subdivisions		-	115	-	115
Agency mortgage-backed securities		-	10,740	-	10,740
Other bonds, notes and debentures		-	1,146	-	1,146
Other securities^(a)		188	7	-	195
Available-for-sale securities^(a)		394	14,267	-	14,661

Trading securities:
Obligations of states and political subdivisions		-	37	1	38
Agency mortgage-backed securities		-	33	-	33
Other bonds, notes and debentures		-	11	-	11
Other securities		135	-	-	135
Trading securities		135	81	1	217

Residential mortgage loans held for sale		-	978	-	978
Residential mortgage loans^(b)		-	-	59	59
Derivative assets:
Interest rate contracts		6	1,463	9	1,478
Foreign exchange contracts		-	295	-	295
Equity contracts		-	-	106	106
Commodity contracts		-	85	-	85
Derivative assets		6	1,843	115	1,964
Total assets	$	535	17,169	175	17,879

Liabilities:
Derivative liabilities
Interest rate contracts	$	9	762	4	775
Foreign exchange contracts		-	283	-	283
Equity contracts		-	-	21	21
Commodity contracts		-	78	-	78
Derivative liabilities		9	1,123	25	1,157

Short positions		6	6	-	12
Total liabilities	$	15	1,129	25	1,169

(a) Excludes FHLB and FRB restricted stock totaling $497 and $346, respectively, at June 30, 2012, $497 and $345, respectively, at December 31, 2011, and $497 and $344, respectively at June 30, 2011.

(b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment.

Quantitative information about significant unobservable level 3 fair value measurement inputs

The following table presents information as of June 30, 2012 about significant unobservable inputs related to the Bancorp's material categories of Level 3 financial assets and liabilities measured on a recurring basis.

($ in millions)
Financial Instrument		Fair Value	Valuation Technique	Significant Unobservable Inputs	Ranges of Inputs	Weighted-Average
Residential mortgage loans	$	76	Loss rate model	Interest rate risk factor	(90.8) - 16.5%	5.5%
				Credit risk factor	2.2 - 68.4%	4.4%
IRLCs, net		54	Discounted cash flow	Loan closing rates	9.9 - 86.9%	54.0%
Stock warrants associated with the sale		213	Discounted cash flow	Expected term (years)	1.75 - 17.0	4.8
of the processing business				Expected volatility^(a)	29.0 - 41.2%	35.4%
				Risk free rate	0.3 - 2.6%	0.8%
				Expected dividend rate	-	-
Swap associated with the sale of Visa, Inc.		(29)	Discounted cash flow	Timing of the resolution	6/30/2013 -	NM
Class B shares				of the Covered Litigation	6/30/2015

(a) Based on historical and implied volatilities of comparable companies assuming similar expected terms.

($ in millions)
Financial Instrument		Fair Value	Valuation Technique	Significant Unobservable Inputs	Ranges of Inputs	Weighted-Average
Commercial loans held for sale	$	8	Discounted cash flow	Appraised value	NM	NM
				Cost to sell	NM	10.0%
Commercial and industrial loans		77	Discounted cash flow	Default rates	100%	NM
				Collateral value	NM	NM
				Loss severities	0 - 100%	15.7%
Commercial mortgage loans		95	Discounted cash flow	Default rates	100%	NM
				Collateral value	NM	NM
				Loss severities	0 - 100%	9.4%
Commercial construction loans		26	Discounted cash flow	Default rates	100%	NM
				Collateral value	NM	NM
				Loss severities	0 - 62.8%	3.6%
MSRs		736	Discounted cash flow	Prepayment speed	0 - 100%	(Fixed) 15.2% (Adjustable) 27.1%
				Discount rates	9.4 - 18.0%	(Fixed) 10.6% (Adjustable) 11.7%
OREO property		134	Appraised value	Appraised value	NM	NM

Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)

The following tables are a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
			Residential	Interest Rate	Equity
For the three months ended June 30, 2012		Trading	Mortgage	Derivatives,	Derivatives,	Total
($ in millions)		Securities	Loans	Net^(a)	Net^(a)	Fair Value
Beginning balance	$	1	67	17	135		220
Total gains or losses (realized/unrealized):
Included in earnings		-	-	125	45		170
Purchases		-	-	-	-		-
Settlements		-	(3)	(88)	4		(87)
Transfers into Level 3^(b)		-	12	-	-		12
Ending balance	$	1	76	54	184		315
Changes in unrealized gains or losses for the period
included in earnings for assets held at
June 30, 2012^(c)	$	-	-	54	45		99


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
			Residential	Interest Rate	Equity
For the three months ended June 30, 2011		Trading	Mortgage	Derivatives,	Derivatives,	Total
($ in millions)		Securities	Loans	Net^(a)	Net^(a)	Fair Value
Beginning balance	$	1	54	10	40		105
Total gains or losses (realized/unrealized):
Included in earnings		-	1	31	26		58
Included in other comprehensive income		-	-	-	-		-
Sales		-	-	-	-		-
Settlements		-	(1)	(36)	19		(18)
Transfers into Level 3^(b)		-	5	-	-		5
Ending balance	$	1	59	5	85		150
The amount of total gains or losses for the period
included in earnings attributable to the change in
unrealized gains or losses relating to assets
still held at June 30, 2011^(c)	$	-	1	4	26		31

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
			Residential	Interest Rate	Equity
For the six months ended June 30, 2012		Trading	Mortgage	Derivatives,	Derivatives,	Total
($ in millions)		Securities	Loans	Net^(a)	Net^(a)	Fair Value
Beginning balance	$	1	65	32	32		130
Total gains or losses (realized/unrealized):
Included in earnings		-	-	175	74		249
Purchases		-	-	-	-		-
Settlements		-	(6)	(153)	78		(81)
Transfers into Level 3^(b)		-	17	-	-		17
Ending balance	$	1	76	54	184		315
Changes in unrealized gains or losses for the period
included in earnings for assets held at
June 30, 2012^(c)	$	-	-	71	74		145


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
			Residential	Interest Rate	Equity
For the six months ended June 30, 2011		Trading	Mortgage	Derivatives,	Derivatives,	Total
($ in millions)		Securities	Loans	Net^(a)	Net^(a)	Fair Value
Beginning balance	$	6	46	2	53	$	107
Total gains or losses (realized/unrealized):
Included in earnings		-	1	55	13		69
Included in other comprehensive income		-	-	-	-		-
Sales		(5)	-	-	-		(5)
Settlements		-	(3)	(52)	19		(36)
Transfers into Level 3^(b)		-	15	-	-		15
Ending balance	$	1	59	5	85	$	150
The amount of total gains or losses for the period
included in earnings attributable to the change in
unrealized gains or losses relating to assets
still held at June 30, 2011^(c)	$	-	1	4	13	$	18

(a) Net interest rate derivatives include derivative assets and liabilities of $55 and $1, respectively, as of June 30, 2012 and $9 and $4, respectively, as of June 30, 2011. Net equity derivatives include derivative assets and liabilities of $214 and $30, respectively, as of June 30, 2012, and $106 and $21, respectively, as of June 30, 2011.

(b) Includes residential mortgage loans held for sale that were transferred to held for investment.

Total Gains and Losses Included in Earnings for Assets and Liabilites Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)

The total gains and losses included in earnings for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) were recorded in the Condensed Consolidated Statements of Income as follows:


		For the three months		For the six months
		ended June 30,		ended June 30,
($ in millions)		2012	2011	2012	2011
Mortgage banking net revenue		125	33	175	57
Other noninterest income		45	25	74	12
Total gains	$	170	58	249	69

The total gains and losses included in earnings attributable to changes in unrealized gains and losses related to Level 3 assets and liabilities still held at June 30, 2012 and 2011 were recorded in the Condensed Consolidated Statements of Income as follows:


		For the three months		For the six months
		ended June 30,		ended June 30,
($ in millions)		2012	2011	2012	2011
Mortgage banking net revenue		54	6	71	6
Other noninterest income		45	25	74	12
Total gains	$	99	31	145	18

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

The following tables represent those assets that were subject to fair value adjustments during the quarters ended June 30, 2012 and 2011 and still held as of the end of the period, and the related losses from fair value adjustments on assets sold during the period as well as assets still held as of the end of the period.


		Fair Value Measurements Using				Total Losses	Total Losses
						For the three months	For the six months
As of June 30, 2012 ($ in millions)		Level 1	Level 2	Level 3	Total	ended June 30, 2012	ended June 30, 2012
Commercial loans held for sale^(a)	$	-	-	8	8	(5)	(6)
Commercial and industrial loans		-	-	77	77	(25)	(56)
Commercial mortgage loans		-	-	95	95	(16)	(29)
Commercial construction loans		-	-	26	26	(5)	(16)
MSRs		-	-	736	736	(60)	(49)
OREO property		-	-	134	134	(22)	(45)
Total	$	-	-	1,076	1,076	(133)	(201)


		Fair Value Measurements Using				Total Losses	Total Losses
						For the three months	For the six months
As of June 30, 2011 ($ in millions)		Level 1	Level 2	Level 3	Total	ended June 30, 2011	ended June 30, 2011
Commercial loans held for sale^(a)	$	-	-	17	17	(9)	(25)
Commercial and industrial loans		-	-	115	115	(114)	(199)
Commercial mortgage loans		-	-	109	109	(22)	(53)
Commercial construction loans		-	-	35	35	(19)	(38)
MSRs		-	-	847	847	(63)	(27)
OREO property		-	-	153	153	(32)	(109)
Total	$	-	-	1,276	1,276	(259)	(451)

(a) Includes commercial nonaccrual loans held for sale.

Aggregate Fair Values And Principal Balances On Residential Mortgage Loans [Text Block]

		Aggregate	Aggregate Unpaid
($ in millions)		Fair Value	Principal Balance	Difference
June 30, 2012
Residential mortgage loans measured at fair value	$	1,864	1,767	97
Past due loans of 90 days or more		3	4	(1)
Nonaccrual loans		-	-	-

December 31, 2011
Residential mortgage loans measured at fair value		2,816	2,693	123
Past due loans of 90 days or more		4	5	(1)
Nonaccrual loans		-	-	-

June 30, 2011
Residential mortgage loans measured at fair value		1,037	1,002	35
Past due loans of 90 days or more		3	4	(1)
Nonaccrual loans		-	-	-

Carrying Amounts and Estimated Fair Values for Certain Financial Instruments

The following tables summarize the carrying amounts and estimated fair values for certain financial instruments, excluding financial instruments measured at fair value on a recurring basis.


		Net Carrying	Fair Value Measurements Using			Total
As of June 30, 2012 ($ in millions)		Amount	Level 1	Level 2	Level 3	Fair Value
Financial assets:
Cash and due from banks	$	2,393	2,393	-	-	2,393
Other securities		843	-	843	-	843
Held-to-maturity securities		305	-	-	305	305
Other short-term investments		1,964	1,964	-	-	1,964
Loans held for sale		75	-	-	75	75
Portfolio loans and leases:
Commercial and industrial loans		31,771	-	-	32,928	32,928
Commercial mortgage loans		9,279	-	-	8,519	8,519
Commercial construction loans		773	-	-	622	622
Commercial leases		3,393	-	-	3,283	3,283
Residential mortgage loans^(a)		11,121	-	-	11,144	11,144
Home equity		10,208	-	-	9,917	9,917
Automobile loans		11,702	-	-	11,672	11,672
Credit card		1,853	-	-	1,999	1,999
Other consumer loans and leases		288	-	-	305	305
Unallocated allowance for loan and lease losses		(121)	-	-	-	-
Total portfolio loans and leases, net^(a)	$	80,267	-	-	80,389	80,389
Financial liabilities:
Deposits		84,273		84,385	-	84,385
Federal funds purchased		641	641	-	-	641
Other short-term borrowings		4,613	-	4,613	-	4,613
Long-term debt		9,685	8,314	2,097	-	10,411

(a) Excludes $76 of residential mortgage loans measured at fair value on a recurring basis.

		Net Carrying
As of December 31, 2011 ($ in millions)		Amount	Fair Value
Financial assets:
Cash and due from banks	$	2,663	2,663
Other securities		842	842
Held-to-maturity securities		322	322
Other short-term investments		1,781	1,781
Loans held for sale		203	203
Portfolio loans and leases:
Commercial and industrial loans		29,854	30,300
Commercial mortgage loans		9,697	8,870
Commercial construction loans		943	791
Commercial leases		3,451	3,237
Residential mortgage loans^(a)		10,380	9,978
Home equity		10,524	9,737
Automobile loans		11,784	11,747
Credit card		1,872	1,958
Other consumer loans and leases		329	346
Unallocated allowance for loan and lease losses		(136)	-
Total portfolio loans and leases, net^(a)	$	78,698	76,964
Financial liabilities:
Deposits		85,710	85,599
Federal funds purchased		346	346
Other short-term borrowings		3,239	3,239
Long-term debt		9,682	10,197

(a) Excludes $65 of residential mortgage loans measured at fair value on a recurring basis.


		Net Carrying
As of June 30, 2011 ($ in millions)		Amount	Fair Value
Financial assets:
Cash and due from banks	$	2,380	2,380
Other securities		841	841
Held-to-maturity securities		344	344
Other short-term investments		1,370	1,370
Loans held for sale		207	207
Portfolio loans and leases:
Commercial and industrial loans		27,022	28,447
Commercial mortgage loans		9,748	9,252
Commercial construction loans		1,670	1,328
Commercial leases		3,232	2,917
Residential mortgage loans^(a)		9,522	8,617
Home equity		10,817	9,660
Automobile loans		11,254	11,301
Credit card		1,720	1,795
Other consumer loans and leases		439	482
Unallocated allowance for loan and lease losses		(130)	-
Total portfolio loans and leases, net^(a)	$	75,294	73,799
Financial liabilities:
Deposits		80,598	80,770
Federal funds purchased		403	403
Other short-term borrowings		2,702	2,702
Long-term debt		10,152	10,675

(a) Excludes $59 million of residential mortgage loans measured at fair value on a recurring basis

- Definition

Tabular disclosure of the total amount of gains or losses for the period which are included in earnings or resulted in a change to net assets which gains or losses have arisen from the use of significant unobservable inputs (Level 3) to measure the fair value of assets and liabilities. Such gains or losses are attributable to the change in unrealized gains or losses relating to those assets and liabilities so valued which are still held at the reporting date and which change are also considered for disclosure; it may be expected that a description of where those unrealized gains or losses are reported in the statement of income or the statement of financial position would also be disclosed.

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- Definition

Tabular disclosure of assets and liabilities by class, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). The disclosures that may be required or desired include: (a) the fair value measurements recorded during the period and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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- Definition

Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph d, e

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 32

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14217-108612

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (a),(c)(1),(d)(1)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

-Subparagraph c(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 28

-Subparagraph (c)(2),(d),(e)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 22

-Subparagraph b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

-Subparagraph d(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 17

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details