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Fair Value Of Assets And Liabilities (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Of Assets And Liabilities [Abstract]

Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis

Recurring Fair Value Measurements

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of March 31, 2014:

			March 31, 2014
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - capital markets:
	U.S. treasuries		$	-	$	145,136	$	-	$	145,136
	Government agency issued MBS			-		412,994		-		412,994
	Government agency issued CMO			-		124,304		-		124,304
	Other U.S. government agencies			-		86,672		-		86,672
	States and municipalities			-		29,787		-		29,787
	Corporate and other debt			-		382,341		5		382,346
	Equity, mutual funds, and other			-		6,922		-		6,922
		Total trading securities - capital markets		-		1,188,156		5		1,188,161
Trading securities - mortgage banking:
	Principal only			-		-		4,764		4,764
	Interest only			-		-		339		339
	Subordinated bonds			-		-		1,485		1,485
		Total trading securities - mortgage banking		-		-		6,588		6,588
Loans held-for-sale				-		-		229,219		229,219
Securities available-for-sale:
	U.S. treasuries			-		39,990		-		39,990
	Government agency issued MBS			-		792,562		-		792,562
	Government agency issued CMO			-		2,531,770		-		2,531,770
	Other U.S. government agencies			-		-		2,182		2,182
	States and municipalities			-		13,655		1,500		15,155
	Venture capital			-		-		4,300		4,300
	Equity, mutual funds, and other			26,482		-		-		26,482
		Total securities available-for-sale		26,482		3,377,977		7,982		3,412,441
Mortgage servicing rights				-		-		4,687		4,687
Other assets:
	Deferred compensation assets			23,335		-		-		23,335
	Derivatives, forwards and futures			4,015		-		-		4,015
	Derivatives, interest rate contracts			-		162,450		-		162,450
		Total other assets		27,350		162,450		-		189,800
		Total assets	$	53,832	$	4,728,583	$	248,481	$	5,030,896
Trading liabilities - capital markets:
	U.S. treasuries		$	-	$	420,574	$	-	$	420,574
	Government agency issued MBS			-		1,083		-		1,083
	Government agency issued CMO			-		503		-		503
	Other U.S. government agencies			-		9,739		-		9,739
	States and municipalities			-		1,436		-		1,436
	Corporate and other debt			-		233,287		-		233,287
	Equity, mutual funds, and other			-		635		-		635
		Total trading liabilities - capital markets		-		667,257		-		667,257
Other liabilities:
	Derivatives, forwards and futures			2,738		-		-		2,738
	Derivatives, interest rate contracts			-		130,180		-		130,180
	Derivatives, other			-		-		4,945		4,945
		Total other liabilities		2,738		130,180		4,945		137,863
		Total liabilities	$	2,738	$	797,437	$	4,945	$	805,120

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of March 31, 2013:

			March 31, 2013
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - capital markets:
	U.S. treasuries		$	-	$	99,618	$	-	$	99,618
	Government agency issued MBS			-		385,351		-		385,351
	Government agency issued CMO			-		283,932		-		283,932
	Other U.S. government agencies			-		195,051		-		195,051
	States and municipalities			-		21,141		-		21,141
	Corporate and other debt			-		396,186		5		396,191
	Equity, mutual funds, and other			-		8		-		8
		Total trading securities - capital markets		-		1,381,287		5		1,381,292
Trading securities - mortgage banking:
	Principal only			-		-		5,293		5,293
	Interest only			-		-		11,161		11,161
		Total trading securities - mortgage banking		-		-		16,454		16,454
Loans held-for-sale				-		-		232,684		232,684
Securities available-for-sale:
	U.S. treasuries			-		39,994		-		39,994
	Government agency issued MBS			-		1,065,551		-		1,065,551
	Government agency issued CMO			-		1,849,353		-		1,849,353
	Other U.S. government agencies			-		-		3,276		3,276
	States and municipalities			-		13,755		1,500		15,255
	Venture capital			-		-		4,300		4,300
	Equity, mutual funds, and other			14,996		-		-		14,996
		Total securities available-for-sale		14,996		2,968,653		9,076		2,992,725
Mortgage servicing rights				-		-		109,102		109,102
Other assets:
	Deferred compensation assets			22,785		-		-		22,785
	Derivatives, forwards and futures			15,793		-		-		15,793
	Derivatives, interest rate contracts			-		258,539		-		258,539
		Total other assets		38,578		258,539		-		297,117
		Total assets	$	53,574	$	4,608,479	$	367,321	$	5,029,374
Trading liabilities - capital markets:
	U.S. treasuries		$	-	$	434,119	$	-	$	434,119
	Government agency issued MBS			-		26,121		-		26,121
	Government agency issued CMO			-		24,986		-		24,986
	Other U.S. government agencies			-		50,547		-		50,547
	Corporate and other debt			-		245,533		-		245,533
		Total trading liabilities - capital markets		-		781,306		-		781,306

Other short-term borrowings				-		-		10,984		10,984
Other liabilities:
	Derivatives, forwards and futures			16,580		-		-		16,580
	Derivatives, interest rate contracts			-		181,364		-		181,364
	Derivatives, other			-		5		2,050		2,055
		Total other liabilities		16,580		181,369		2,050		199,999
		Total liabilities	$	16,580	$	962,675	$	13,034	$	992,289

Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value

Changes in Recurring Level 3 Fair Value Measurements

The changes in Level 3 assets and liabilities measured at fair value for the three months ended March 31, 2014 and 2013, on a recurring basis are summarized as follows:

			Three Months Ended March 31, 2014
										Securities available-for-sale					Mortgage
			Trading			Loans held-				Investment			Venture		servicing				Net derivative
(Dollars in thousands)			securities			for-sale				portfolio			Capital		rights, net				liabilities
Balance on January 1, 2014			$	7,200			$	230,456			$	3,826	$	4,300		$	72,793			$	(2,915)
	Total net gains/(losses) included in:
		Net income		(85)				1,187				-		-			1,133				(2,341)
		Other comprehensive income /(loss)		-				-				(17)		-			-				-
	Purchases			1,559				4,106				-		-			-				-
	Issuances			-				-				-		-			-				-
	Sales			(1,715)				-				-		-			(68,519)				-
	Settlements			(366)				(4,193)				(127)		-			(720)				311
	Net transfers into/(out of) Level 3			-				(2,337)	(b)			-		-			-				-
Balance on March 31, 2014			$	6,593			$	229,219			$	3,682	$	4,300		$	4,687			$	(4,945)
Net unrealized gains/(losses) included in net income			$	(40)	(a)		$	1,187	(a)		$	-	$	-		$	73	(a)		$	(2,341)	(c)

			Three Months Ended March 31, 2013
										Securities available-for-sale					Mortgage								Other
			Trading			Loans held-				Investment			Venture		servicing				Net derivative				short-term
(Dollars in thousands)			securities			for-sale				portfolio			Capital		rights, net				liabilities				borrowings
Balance on January 1, 2013			$	17,992			$	221,094			$	5,253	$	4,300		$	114,311			$	(2,175)			$	(11,156)
	Total net gains/(losses) included in:
		Net income		921				175				-		-			833				(186)				172
		Other comprehensive income /(loss)		-				-				(37)		-			-				-				-
	Purchases			-				18,467				-		-			-				-				-
	Issuances			-				-				-		-			-				-				-
	Sales			-				-				-		-			-				-				-
	Settlements			(2,454)				(4,228)				(440)		-			(6,042)				311				-
	Net transfers into/(out of) Level 3			-				(2,824)	(b)			-		-			-				-				-
Balance on March 31, 2013			$	16,459			$	232,684			$	4,776	$	4,300		$	109,102			$	(2,050)			$	(10,984)
Net unrealized gains/(losses) included in net income			$	431	(a)		$	175	(a)		$	-	$	-		$	925	(a)		$	(186)	(c)		$	172	(a)

Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income.
Transfers out of recurring loans held-for-sale level 3 balances reflect movements out of loans held-for-sale and into real estate acquired by foreclosure (level 3 nonrecurring).
Included in Other expense.

Nonrecurring Fair Value Measurements

From time to time, FHN may be required to measure certain other financial assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of LOCOM accounting or write-downs of individual assets. For assets measured at fair value on a nonrecurring basis which were still held on the balance sheet at March 31, 2014 and 2013, respectively, the following tables provide the level of valuation assumptions used to determine each adjustment, the related carrying value, and the fair value adjustments recorded during the respective periods.

									Three Months Ended
	Carrying value at March 31, 2014								March 31, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)
Loans held-for-sale - SBAs	$	-	$	3,494	$	-	$	3,494	$	42
Loans held-for-sale - first mortgages		-		-		9,191		9,191		(17)
Loans, net of unearned income (a)		-		-		57,035		57,035		(488)
Real estate acquired by foreclosure (b)		-		-		42,970		42,970		(858)
Other assets (c)		-		-		64,210		64,210		(1,252)
									$	(2,573)

									Three Months Ended
	Carrying value at March 31, 2013								March 31, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)
Loans held-for-sale - SBAs	$	-	$	8,156	$	-	$	8,156	$	-
Loans held-for-sale - first mortgages		-		-		11,633		11,633		84
Loans, net of unearned income (a)		-		-		121,360		121,360		(206)
Real estate acquired by foreclosure (b)		-		-		32,655		32,655		(1,018)
Other assets (c)		-		-		74,109		74,109		(1,609)
									$	(2,749)
Certain previously reported amounts have been reclassified to agree with current presentation.

Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
Represents the fair value and related losses of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
Represents tax credit investments.

Schedule Of Unobservable Inputs Utilized In Determining The Fair Value Of Level 3 Recurring And Non-Recurring Measurements

Level 3 Measurements

The following tables provide information regarding the unobservable inputs utilized in determining the fair value of level 3 recurring and non-recurring measurements as of March 31, 2014 and 2013:

(Dollars in Thousands)
	Fair Value at
Level 3 Class	March 31, 2014		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage	$	6,588	Discounted cash flow	Prepayment speeds	40% - 46%
				Discount rate	47% - 49%
Loans held-for-sale - residential real estate		238,410	Discounted cash flow	Prepayment speeds - First mortgage	6% - 10%
				Prepayment speeds - Heloc	3% - 12%
				Credit spreads	2% - 4%
				Delinquency adjustment factor	15% - 25% added to credit spread
				Loss severity trends - First mortgage	50% - 60% of UPB
				Loss Severity trends - Heloc	35% - 100% of UPB
				Draw rate - Heloc	2% - 11%
Venture capital investments		4,300	Industry comparables	Adjustment for minority interest and small business status	40% - 50% discount
			Discounted cash flow	Discount rate	25% - 30%
				Earnings capitalization rate	20% - 25%
Mortgage servicing rights		4,687	Discounted cash flow	Prepayment speeds	15.2 CPR
				Discount rate	9.8%
				Cost to service	$141.40/Loan
				Earnings on escrow	1.385%
Derivative liabilities, other		4,945	Discounted cash flow	Visa covered litigation resolution amount	$4.4 billion - $5.2 billion
				Probability of resolution scenarios	10% - 30%
				Time until resolution	12 - 48 months
Loans, net of unearned income (a)		57,035	Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 10% of appraisal
			Other collateral valuations	Borrowing base certificates adjustment	20% - 50% of gross value
				Financial Statements/Auction Values adjustment	0% - 25% of reported value
Real estate acquired by foreclosure (b)		42,970	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (c)		64,210	Discounted cash flow	Adjustments to current sales yields for specific properties	0% - 15% adjustment to yield
			Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 25% of appraisal

Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
Represents tax credit investments.

(Dollars in Thousands)
	Fair Value at
Level 3 Class	March 31, 2013		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage	$	16,454	Discounted cash flow	Prepayment speeds	32%
				Discount rate	46%
Loans held-for-sale - residential real estate		244,317	Discounted cash flow	Prepayment speeds	6% - 10%
				Credit spreads	2% - 4%
				Delinquency adjustment factor	15% - 25% added to credit spread
				Loss severity trends	50% - 60% of UPB
Venture capital investments		4,300	Industry comparables	Adjustment for minority interest and small business status	40% - 50% discount
			Discounted cash flow	Discount rate	25% - 30%
				Earnings capitalization rate	20% - 25%
Mortgage servicing rights		109,102	Discounted cash flow	Prepayment speeds	20.7 CPR
				Discount rate	11.8%
				Cost to service	$118.10/Loan
				Earnings on escrow	1.385%
Other short-term borrowings		10,984	Discounted cash flow	(a)	(a)
Derivative liabilities, other		2,050	Discounted cash flow	Visa covered litigation resolution amount	$4.4 billion - $5.0 billion
				Probability of resolution scenarios	10% - 60%
				Time until resolution	6 - 18 months
Loans, net of unearned income (b)		125,223	Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 10% of appraisal
			Other collateral valuations	Borrowing base certificates	20% - 50% of gross value
				Financial Statements/Auction Values	0% - 25% of reported value
Real estate acquired by foreclosure (c)		32,655	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (d)		74,109	Discounted cash flow	Adjustments to current sales yields for specific properties	0% - 15% adjustment to yield
			Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 25% of appraisal

The inputs and associated ranges for Other short-term borrowings mirror those of the related MSR.
Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
Represents tax credit investments.

Summary Of Differences Between The Fair Value Carrying Amount Of Mortgages Held-For-Sale And Aggregate Unpaid Principal Amount

The following tables reflect the differences between the fair value carrying amount of residential real estate loans held-for-sale measured at fair value in accordance with management’s election and the aggregate unpaid principal amount FHN is contractually entitled to receive at maturity.
		March 31, 2014
(Dollars in thousands)		Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
	Total loans	$	229,219	$	374,401		$	(145,182)
	Nonaccrual loans		61,842		133,600			(71,758)
	Loans 90 days or more past due and still accruing		7,260		15,010			(7,750)

		March 31, 2013
(Dollars in thousands)		Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
	Total loans	$	232,684	$	367,952		$	(135,268)
	Nonaccrual loans		59,494		128,601			(69,107)
	Loans 90 days or more past due and still accruing		8,179		18,370			(10,191)
Certain previously reported amounts have been reclassified to agree with current presentation.

Changes In Fair Value Of Assets And Liabilities Which Fair Value Option Included In Current Period Earnings

Assets and liabilities accounted for under the fair value election are initially measured at fair value with subsequent changes in fair value recognized in earnings. Such changes in the fair value of assets and liabilities for which FHN elected the fair value option are included in current period earnings with classification in the income statement line item reflected in the following table:

			Three Months Ended
			March 31
(Dollars in thousands)			2014		2013
Changes in fair value included in net income:
	Mortgage banking noninterest income
		Loans held-for-sale	$	1,187	$	175
		Other short-term borrowings		-		172

Summary Of Book Value And Estimated Fair Value Of Financial Instruments

The following tables summarize the book value and estimated fair value of financial instruments recorded in the Consolidated Condensed Statements of Condition as well as unfunded commitments as of March 31, 2014 and 2013.

			March 31, 2014
			Book		Fair Value
(Dollars in thousands)			Value		Level 1		Level 2		Level 3		Total
Assets:
Loans, net of unearned income and allowance for loan losses
	Commercial:
		Commercial, financial and industrial	$	7,680,262	$	-	$	-	$	7,595,334	$	7,595,334
		Commercial real estate		1,136,895		-		-		1,093,796		1,093,796
	Retail:
		Consumer real estate		5,134,606		-		-		4,824,384		4,824,384
		Permanent mortgage		599,721		-		-		540,843		540,843
		Credit card & other		320,731		-		-		322,690		322,690
Total loans, net of unearned income and allowance for loan losses				14,872,215		-		-		14,377,047		14,377,047

Short-term financial assets
	Total interest-bearing cash			685,540		685,540		-		-		685,540
	Federal funds sold			16,555		-		16,555		-		16,555
	Securities purchased under agreements to resell			605,276		-		605,276		-		605,276
Total short-term financial assets				1,307,371		685,540		621,831		-		1,307,371

Trading securities (a)				1,194,749		-		1,188,156		6,593		1,194,749
Loans held-for-sale (a)				361,359		-		3,494		357,865		361,359
Securities available-for-sale (a) (b)				3,571,179		26,482		3,377,977		166,720		3,571,179
Securities held-to-maturity				4,274		-		-		5,454		5,454
Derivative assets (a)				166,465		4,015		162,450		-		166,465

Other assets
	Tax credit investments			64,210		-		-		64,210		64,210
	Deferred compensation assets			23,335		23,335		-		-		23,335
Total other assets				87,545		23,335		-		64,210		87,545

Nonearning assets
	Cash & due from banks			450,270		450,270		-		-		450,270
	Capital markets receivables			51,082		-		51,082		-		51,082
	Accrued interest receivable			73,010		-		73,010		-		73,010
Total nonearning assets				574,362		450,270		124,092		-		574,362
Total assets			$	22,139,519	$	1,189,642	$	5,478,000	$	14,977,889	$	21,645,531

Liabilities:
Deposits:
	Defined maturity			1,436,657		-		1,448,362		-		1,448,362
	Undefined maturity		$	15,236,086	$	-	$	15,236,086	$	-	$	15,236,086
Total deposits				16,672,743		-		16,684,448		-		16,684,448

Trading liabilities (a)				667,257		-		667,257		-		667,257

Short-term financial liabilities
	Federal funds purchased			1,135,665		-		1,135,665		-		1,135,665
	Securities sold under agreements to repurchase			411,795		-		411,795		-		411,795
	Total other borrowings			204,023		-		204,023		-		204,023
Total short-term financial liabilities				1,751,483		-		1,751,483		-		1,751,483

Term borrowings
	Real estate investment trust-preferred			45,845		-		-		49,350		49,350
	Term borrowings - new market tax credit investment			18,000		-		-		17,810		17,810
	Borrowings secured by residential real estate			77,119		-		-		66,554		66,554
	Other long term borrowings			1,366,084		-		1,362,408		-		1,362,408
Total term borrowings				1,507,048		-		1,362,408		133,714		1,496,122

Derivative liabilities (a)				137,863		2,738		130,180		4,945		137,863

Other noninterest-bearing liabilities
	Capital markets payables			39,510		-		39,510		-		39,510
	Accrued interest payable			33,244		-		33,244		-		33,244
Total other noninterest-bearing liabilities				72,754		-		72,754		-		72,754
Total liabilities			$	20,809,148	$	2,738	$	20,668,530	$	138,659	$	20,809,927

Classes are detailed in the recurring and nonrecurring measurement tables.
Level 3 includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $66.0 million.

			March 31, 2013
			Book		Fair Value
(Dollars in thousands)			Value		Level 1		Level 2		Level 3		Total
Assets:
Loans, net of unearned income and allowance for loan losses
	Commercial:
		Commercial, financial and industrial	$	8,005,081	$	-	$	-	$	7,854,761	$	7,854,761
		Commercial real estate		1,100,740		-		-		1,064,915		1,064,915
	Retail:
		Consumer real estate		5,458,763		-		-		4,916,105		4,916,105
		Permanent mortgage		767,835		-		-		644,070		644,070
		Credit card & other		292,033		-		-		293,746		293,746
Total loans, net of unearned income and allowance for loan losses				15,624,452		-		-		14,773,597		14,773,597

Short-term financial assets
	Total interest-bearing cash			431,182		431,182		-		-		431,182
	Federal funds sold			33,738		-		33,738		-		33,738
	Securities purchased under agreements to resell			732,696		-		732,696		-		732,696
Total short-term financial assets				1,197,616		431,182		766,434		-		1,197,616

Trading securities (a)				1,397,746		-		1,381,287		16,459		1,397,746
Loans held-for-sale (a)				390,874		-		8,156		382,718		390,874
Securities available-for-sale (a) (b)				3,190,219		14,996		2,968,653		206,570		3,190,219
Derivative assets (a)				274,332		15,793		258,539		-		274,332

Other assets
	Tax credit investments			74,109		-		-		74,109		74,109
	Deferred compensation assets			22,785		22,785		-		-		22,785
Total other assets				96,894		22,785		-		74,109		96,894

Nonearning assets
	Cash & due from banks			275,262		275,262		-		-		275,262
	Capital markets receivables			169,927		-		169,927		-		169,927
	Accrued interest receivable			82,711		-		82,711		-		82,711
Total nonearning assets				527,900		275,262		252,638		-		527,900
Total assets			$	22,700,033	$	760,018	$	5,635,707	$	15,453,453	$	21,849,178

Liabilities:
Deposits:
	Defined maturity		$	1,511,333	$	-	$	1,543,436	$	-	$	1,543,436
	Undefined maturity			14,693,134		-		14,693,134		-		14,693,134
Total deposits				16,204,467		-		16,236,570		-		16,236,570

Trading liabilities (a)				781,306		-		781,306		-		781,306

Short-term financial liabilities
	Federal funds purchased			1,361,670		-		1,361,670		-		1,361,670
	Securities sold under agreements to repurchase			488,010		-		488,010		-		488,010
	Total other borrowings			186,898		-		175,914		10,984		186,898
Total short-term financial liabilities				2,036,578		-		2,025,594		10,984		2,036,578

Term borrowings
	Real estate investment trust-preferred			45,777		-		-		47,000		47,000
	Term borrowings - new market tax credit investment			18,000		-		-		18,747		18,747
	Borrowings secured by residential real estate			375,261		-		-		221,809		221,809
	Other long term borrowings			1,758,826		-		1,731,763		-		1,731,763
Total term borrowings				2,197,864		-		1,731,763		287,556		2,019,319

Derivative liabilities (a)				199,999		16,580		181,369		2,050		199,999

Other noninterest-bearing liabilities
	Capital markets payables			97,954		-		97,954		-		97,954
	Accrued interest payable			43,437		-		43,437		-		43,437
Total other noninterest-bearing liabilities				141,391		-		141,391		-		141,391
Total liabilities			$	21,561,605	$	16,580	$	21,097,993	$	300,590	$	21,415,163

Classes are detailed in the recurring and nonrecurring measurement tables.
Level 3 includes restricted investments in FHLB-Cincinnati stock of $125.5 million and FRB stock of $66.0 million.

	Contractual Amount				Fair Value
(Dollars in thousands)	March 31, 2014		March 31, 2013		March 31, 2014		March 31, 2013
Unfunded Commitments:
Loan commitments	$	8,237,754	$	8,486,803	$	1,805	$	1,634
Standby and other commitments		316,399		318,884		5,642		5,355

- 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 (loss), 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, issues, 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 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.

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