Fair Values (Tables)

9 Months Ended

Sep. 30, 2013

Fair Values (Tables) [Abstract]

Fair value assets and liabilities measured on recurring basis

The following table summarizes the Company's financial assets and financial liabilities measured at fair value on a recurring basis, categorized by GAAP's valuation hierarchy (as described in the preceding paragraphs), as of September 30, 2013 and December 31,2012:

		2013						2012
(Millions)		Total		Level 1		Level 2		Total		Level 1		Level 2
Assets:
Investment securities:(a)
	Equity securities	$	168	$	168	$	―	$	296	$	296	$	―
	Debt securities and other		4,969		232		4,737		5,318		338		4,980
Derivatives(a)			662		―		662		942		―		942
Total assets		$	5,799	$	400	$	5,399	$	6,556	$	634	$	5,922
Liabilities:
Derivatives(a)		$	275	$	―	$	275	$	329	$	―	$	329
Total liabilities		$	275	$	―	$	275	$	329	$	―	$	329

• Refer to Note 5for the fair values of investment securities and to Note 8 for the fair values of derivative assets and liabilities, on a further disaggregated basis.

Estimated fair value of financial assets and financial liabilities

The following table discloses the estimated fair value for the Company's financial assets and financial liabilities that are not required to be carried at fair value on a recurring basis, as of September 30, 2013and December 31, 2012:

					Carrying		Corresponding Fair Value Amount
2013 (Billions)					Value		Total			Level 1		Level 2			Level 3
Financial Assets:
	Financial assets for which carrying values
		equal or approximate fair value
			Cash and cash equivalents	$	22	$	22		$	21	$	1	(a)	$	―
			Other financial assets(b)	$	47	$	47		$	―	$	47		$	―
	Financial assets carried at other than fair value
			Loans, net	$	62	$	63	(c)	$	―	$	―		$	63
Financial Liabilities:
	Financial liabilities for which carrying values
		equal or approximate fair value		$	58	$	58		$	―	$	58		$	―
	Financial liabilities carried at other than
		fair value
			Certificates of deposit(d)	$	10	$	10		$	―	$	10		$	―
			Long-term debt	$	52	$	55	(c)	$	―	$	55		$	―
					Carrying		Corresponding Fair Value Amount
2012 (Billions)					Value		Total			Level 1		Level 2			Level 3
Financial Assets:
	Financial assets for which carrying values
		equal or approximate fair value
			Cash and cash equivalents	$	22	$	22		$	21	$	1	(a)	$	―
			Other financial assets(b)	$	47	$	47		$	―	$	47		$	―
	Financial assets carried at other than fair value
			Loans, net	$	64	$	65	(c)	$	―	$	―		$	65
Financial Liabilities:
	Financial liabilities for which carrying values
		equal or approximate fair value		$	55	$	55		$	―	$	55		$	―
	Financial liabilities carried at other than
		fair value
			Certificates of deposit(d)	$	10	$	10		$	―	$	10		$	―
			Long-term debt	$	59	$	62	(c)	$	―	$	62		$	―

• Reflects time deposits.
• Includes accounts receivables (including fair values of Card Member receivables of $6.4 billion and $8.0 billion held by consolidated variable interest entities (VIEs) as of September 30, 2013 and December 31, 2012, respectively), restricted cashand other miscellaneous assets.
• Includes fair values of loans of $29.2 billion and $32.4 billion, and long-term debt of $15.8billion and $19.5 billion, held by consolidated VIEs as of September 30,2013 and December 31, 2012, respectively.
• Presented as a component of customer deposits on the Consolidated Balance Sheets.