Fair Value Election and Measurement (Tables)

9 Months Ended

Sep. 30, 2011

Assets and Liabilities Measured at Fair Value on a Recurring Basis

				Fair Value Measurements at September 30, 2011 Using
(Dollars in millions)	Assets/Liabilities			Quoted Prices In Active Markets for Identical Assets/Liabilities     (Level 1)		Significant Other Observable     Inputs (Level 2)		Significant Unobservable     Inputs (Level 3)
Assets
Trading assets
U.S. Treasury securities		$209			$209		$—		$—
Federal agency securities	612			—		612		—
U.S. states and political subdivisions	77			—		77		—
MBS - agency	509			—		509		—
MBS - private	1			—		—		1
CDO/CLO securities	44			—		2		42
ABS	37			—		32		5
Corporate and other debt securities	445			—		445		—
CP	78			—		78		—
Equity securities	85			—		78		7
Derivative contracts	3,693			279		3,414		—
Trading loans	1,686			—		1,686		—
Gross trading assets	7,476			488		6,933		55
Offsetting collateral 1	(1,188		)
Total trading assets	6,288
Securities AFS
U.S. Treasury securities	386			386		—		—
Federal agency securities	2,645			—		2,645		—
U.S. states and political subdivisions	490			—		428		62
MBS - agency	20,030			—		20,030		—
MBS - private	287			—		—		287
CDO/CLO securities	332			—		332		—
ABS	540			—		524		16
Corporate and other debt securities	54			—		49		5
Coke common stock	2,027			2,027		—		—
Other equity securities 2	711			—		148		563
Total securities AFS	27,502			2,413		24,156		933
LHFS
Residential loans	1,364			—		1,362		2
Corporate and other loans	311			—		311		—
Total LHFS	1,675			—		1,673		2
LHFI	452			—		—		452
MSRs	1,033			—		—		1,033
Other assets 3	550			4		467		79
Liabilities
Trading liabilities
U.S. Treasury securities	326			326		—		—
MBS - agency	1			—		1		—
Corporate and other debt securities	211			—		211		—
Equity securities	14			14		—		—
Derivative contracts	2,319			206		1,967		146
Gross trading liabilities	2,871			546		2,179		146
Offsetting collateral 1	(1,136		)
Total trading liabilities	1,735
Brokered deposits	1,056			—		1,056		—
Long-term debt	2,016			—		2,016		—
Other liabilities 3	84			—		68		16

¹ Amount represents the cash collateral received from or deposited with derivative counterparties. Amount is offset with derivatives in the Consolidated Balance Sheets as of September 30, 2011.

²Includes at cost, $171 million of FHLB of Atlanta stock, $391 million of Federal Reserve Bank stock, and $148 million in mutual fund investments.

³These amounts include IRLCs and derivative financial instruments entered into by the Mortgage line of business to hedge its interest rate risk along with a derivative associated with the Company’s sale of Visa shares during the year ended December 31, 2009.

			Fair Value Measurements at December 31, 2010 Using
(Dollars in millions)	Assets/Liabilities		Quoted Prices In Active Markets for Identical Assets/Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Trading assets
U.S. Treasury securities		$187		$187		$—		$—
Federal agency securities	361		—		361		—
U.S. states and political subdivisions	123		—		123		—
MBS - agency	301		—		301		—
MBS - private	15		—		9		6
CDO/CLO securities	55		—		2		53
ABS	59		—		32		27
Corporate and other debt securities	743		—		743		—
CP	14		—		14		—
Equity securities	221		—		98		123
Derivative contracts	2,743		166		2,577		—
Trading loans	1,353		—		1,353		—
Total trading assets	6,175		353		5,613		209
Securities AFS
U.S. Treasury securities	5,516		5,516		—		—
Federal agency securities	1,895		—		1,895		—
U.S. states and political subdivisions	579		—		505		74
MBS - agency	14,358		—		14,358		—
MBS - private	347		—		—		347
CDO/CLO securities	50		—		50		—
ABS	808		—		788		20
Corporate and other debt securities	482		—		477		5
Coke common stock	1,973		1,973		—		—
Other equity securities 1	887		—		197		690
Total securities AFS	26,895		7,489		18,270		1,136
LHFS
Residential loans	2,847		—		2,845		2
Corporate and other loans	321		—		316		5
Total LHFS	3,168		—		3,161		7
LHFI	492		—		—		492
MSRs	1,439		—		—		1,439
Other assets 2	241		—		223		18
Liabilities
Trading liabilities
U.S. Treasury securities	439		439		—		—
Corporate and other debt securities	398		—		398		—
Derivative contracts	1,841		120		1,576		145
Total trading liabilities	2,678		559		1,974		145
Brokered deposits	1,213		—		1,213		—
Long-term debt	2,837		—		2,837		—
Other liabilities 2	114		—		72		42

¹ Includes at cost, $298 million of FHLB of Atlanta stock, $391 million of Federal Reserve Bank stock, and $197 million in mutual fund investments.

² These amounts include IRLCs and derivative financial instruments entered into by the Mortgage line of business to hedge its interest rate risk along with a derivative associated with the Company’s sale of Visa shares during the year ended December 31, 2009.

Fair Value Option Elected, Difference Between the Aggregate Fair Value and the Aggregate Unpaid Principal Balance

(Dollars in millions)	Aggregate Fair Value September 30, 2011		Aggregate Unpaid Principal Balance under FVO      September 30, 2011		Fair Value Over/(Under)     Unpaid Principal
Trading loans		$1,686		$1,665		$21
LHFS	1,671		1,630		41
Past due loans of 90 days or more	3		3		—
Nonaccrual loans	1		9		(8		)
LHFI	424		455		(31		)
Past due loans of 90 days or more	2		4		(2		)
Nonaccrual loans	26		49		(23		)
Brokered deposits	1,056		1,045		11
Long-term debt	2,016		1,901		115
(Dollars in millions)	Aggregate Fair Value     December 31, 2010		Aggregate Unpaid Principal Balance under FVO  December 31, 2010		Fair Value Over/(Under)     Unpaid Principal
Trading loans		$1,353		$1,320		$33
LHFS	3,160		3,155		5
Past due loans of 90 days or more	2		2		—
Nonaccrual loans	6		25		(19		)
LHFI	462		517		(55		)
Past due loans of 90 days or more	2		4		(2		)
Nonaccrual loans	28		54		(26		)
Brokered deposits	1,213		1,188		25
Long-term debt	2,837		2,753		84

Change in Fair Value of Financial Instruments for which the FVO has been Elected

	Fair Value Gain/(Loss) for the Three Months Ended September 30, 2011, for Items Measured at Fair Value  Pursuant to Election of the FVO											Fair Value Gain/(Loss) for the Nine Months Ended September 30, 2011, for Items Measured at Fair Value  Pursuant to Election of the FVO
(Dollars in millions)	Trading Account Profits/(Losses)   and Commissions			Mortgage Production   Related Income 2		Mortgage   Servicing Related Income/(loss)			Total Changes in Fair Values   Included in Current- Period Earnings 1			Trading Account Profits/(Losses)   and Commissions			Mortgage Production   Related Income 2		Mortgage   Servicing Related Income/(loss)			Total Changes in Fair Values   Included in Current- Period Earnings 1
Assets
Trading assets		$3			$—		$—			$3			$15			$—		$—			$15
LHFS	(11		)	181		—			170			(14		)	330		—			316
LHFI	(1		)	17		—			16			3			13		—			16
MSRs	—			1		(437		)	(436		)	—			5		(582		)	(577		)
Liabilities
Brokered deposits	27			—		—			27			24			—		—			24
Long-term debt	7			—		—			7			(31		)	—		—			(31		)

¹Changes in fair value for the three and nine months ended September 30, 2011, exclude accrued interest for the periods then ended. Interest income or interest expense on trading assets, LHFS, LHFI, brokered deposits and long-term debt that have been elected to be carried at fair value are recorded in interest income or interest expense in the Consolidated Statements of Income based on their contractual coupons. Certain trading assets do not have a contractually stated coupon and, for these securities, the Company records interest income based on the effective yield calculated upon acquisition of the securities.

²For the three and nine months ended September 30, 2011, income related to LHFS includes $46 million and $178 million, respectively, related to MSRs recognized upon the sale of loans reported at fair value. For the three and nine months ended September 30, 2011, income related to MSRs includes $1 million and $5 million, respectively, of MSRs recognized upon the sale of loans reported at LOCOM. These MSRs are included in the table since the Company elected to report MSRs recognized in 2009 using the fair value method. Previously, MSRs were reported under the amortized cost method.

	Fair Value Gain/(Loss) for the Three Months Ended September 30, 2010, for Items Measured at Fair Value Pursuant to Election of the FVO											Fair Value Gain/(Loss) for the Nine Months Ended September 30, 2010, for Items Measured at Fair Value Pursuant to Election of the FVO
(Dollars in millions)	Trading Account Profits/(Losses)   and Commissions			Mortgage Production   Related Income2		Mortgage   Servicing Related Income/(loss)			Total Changes in Fair Values   Included in Current Period Earnings 1			Trading Account Profits/(Losses)   and Commissions			Mortgage Production   Related   Income2		Mortgage Servicing   Related Income/(loss)			Total Changes in Fair Values   Included in Current Period Earnings 1
Assets
Trading assets		$1			$—		$—			$1			($3	)		$—		$—			($3	)
LHFS	7			206		—			213			14			498		—			512
LHFI	1			6		—			7			(1		)	13		—			12
MSRs	—			8		(290		)	(282		)	—			14		(810		)	(796		)
Liabilities
Brokered deposits	(59		)	—		—			(59		)	(67		)	—		—			(67		)
Long-term debt	(97		)	—		—			(97		)	(222		)	—		—			(222		)

¹Changes in fair value for the three and nine months ended September 30, 2010, exclude accrued interest for the periods then ended. Interest income or interest expense on trading assets, LHFS, LHFI, brokered deposits and long-term debt that have been elected to be carried at fair value are recorded in interest income or interest expense in the Consolidated Statements of Income based on their contractual coupons. Certain trading assets do not have a contractually stated coupon and, for these securities, the Company records interest income based on the effective yield calculated upon acquisition of the securities.

²For the three and nine months ended September 30, 2010, income related to LHFS, includes $57 million and $184 million, respectively, related to MSRs recognized upon the sale of loans reported at fair value. For the three and nine months ended September 30, 2010, income related to MSRs includes $7 million and $14 million, respectively, of MSRs recognized upon the sale of loans reported at LOCOM. These MSRs are included in the table since the Company elected to report MSRs recognized in 2009 using the fair value method. Previously, MSRs were reported under the amortized cost method.

Reconciliation of the Beginning and Ending Balances for Fair Valued Assets and Liabilities Measured on a Recurring Basis Using Significant Unobservable Inputs

	Fair Value Measurements Using Significant Unobservable Inputs
(Dollars in millions)	Beginning balance July 1, 2011			Included in earnings (sold or settled)				OCI				Purchases		Sales			Settlements			Transfers from/(to)  other balance sheet line items			Transfers into Level 3		Transfers out of Level 3		Fair value September  30, 2011			Included in earnings (held at September 30, 2011) 1
Assets
Trading assets
MBS - private		$2			$—				$—				$—		$—			($1	)		$—			$—		$—		$1			$—
CDO/CLO securities	42			(6		)	2	—				6		—			—			—			—		—		42			(6		)
ABS	5			—				—				—		—			—			—			—		—		5			—
Equity securities	13			1				—				—		—			(7		)	—			—		—		7			1
Total trading assets	62			(5		)	3	—				6		—			(8		)	—			—		—		55			(5		)	3
Securities AFS
U.S. states and political subdivisions	68			1				—				—		(4		)	(3		)	—			—		—		62			—
MBS - private	311			—				(9		)		—		—			(15		)	—			—		—		287			—
ABS	19			—				(2		)		—		—			(1		)	—			—		—		16			—
Corporate and other debt securities	5			—				—				—		—			—			—			—		—		5			—
Other equity securities	597			—				—				—		—			(34		)	—			—		—		563			—
Total securities AFS	1,000			1			4	(11		)		—		(4		)	(53		)	—			—		—		933			—			4
LHFS	3			—				—				—		(1		)	—			(3		)	3		—		2			—
LHFI	449			16				—				—		—			(12		)	(1		)	—		—		452			14			7
Other assets/(liabilities), net	12			145				—				—		—			1			(95		)	—		—		63			—
Liabilities
Derivative contracts	(154		)	—				8			8	—		—			—			—			—		—		(146		)	—

(Dollars in millions)	Beginning balance January 1, 2011			Included in earnings (sold or settled)				OCI				Purchases		Sales			Settlements			Transfers from/(to)  other balance sheet line items			Transfers into Level 3		Transfers out of Level 3			Fair value September  30, 2011			Included in earnings (held at September 30, 2011) 1
Assets
Trading assets
MBS - private		$6			$2				$—				$—		($5	)		($2	)		$—			$—		$—			$1			$—
CDO/CLO securities	53			25			2	—				6		(21		)	(1		)	(20		)	—		—			42			11
ABS	27			9				—				—		(31		)	—			—			—		—			5			2
Equity securities	123			13				—				—		—			(129		)	—			—		—			7			1
Total trading assets	209			49			3	—				6		(57		)	(132		)	(20		)	—		—			55			14			3
Securities AFS
U.S. states and political subdivisions	74			2				1				—		(4		)	(11		)	—			—		—			62			—
MBS - private	347			(3		)		—				—		—			(57		)	—			—		—			287			(3		)
ABS	20			—				(1		)		—		—			(3		)	—			—		—			16			—
Corporate and other debt securities	5			—				—				—		—			—			—			—		—			5			—
Other equity securities	690			—				—				—		—			(127		)	—			—		—			563			—
Total securities AFS	1,136			(1		)	4	—				—		(4		)	(198		)	—			—		—			933			(3		)	4
LHFS
Residential loans	2			(1		)	5	—				—		(15		)	(1		)	—			19		(2		)	2			—
Corporate and other loans	5			(1		)	6	—				—		—			—			(4		)	—		—			—			—
LHFI	492			16				—				—		—			(46		)	(10		)	—		—			452			13			7
Other assets/(liabilities), net	(24		)	229				—				—		—			7			(149		)	—		—			63			—
Liabilities
Derivative contracts	(145		)	1				(2		)	8	—		—			—			—			—		—			(146		)	1

¹ Change in unrealized gains/(losses) included in earnings during the period related to financial assets still held at September 30, 2011.

² Amounts included in earnings do not include losses accrued as a result of the ARS settlements discussed in Note 14, "Contingencies."

³ Amounts included in earnings are recorded in trading account profits and commissions.

⁴ Amounts included in earnings are recorded in net securities gains.

⁵ Amounts included in earnings are net of issuances, fair value changes, and expirations and are recorded in mortgage production related income.

⁶ Amounts included in earnings are recorded in other noninterest income.

⁷ Amounts are generally included in mortgage production related income, however, the mark on certain fair value loans is included in trading account profits and commissions.

⁸ Amount recorded in OCI is the effective portion of the cash flow hedges related to the Company’s probable forecasted sale of its shares of Coke common stock as discussed in Note 11, “Derivative Financial Instruments.”

(Dollars in millions)	Beginning     balance July 1, 2010		Included in earnings (sold or settled)				OCI				Purchases, sales, issuances, settlements, maturities, paydowns, net			Transfers from/(to)  other balance sheet line items			Transfers     into Level 3		Transfers     out of Level 3			Fair value September 30, 2010		Included in earnings (held at September 30, 2010) 1
Assets
Trading assets
U.S. states and political subdivisions		$9		$—				$—				$—			$—			$—		$—			$9		$—
MBS - private	3		1				—				(1		)	—			—		—			3		—
CDO/CLO securities	117		13				—				(7		)	—			—		—			123		12
ABS	48		(1		)		—				8			(14		)	—		—			41		(1		)
Equity securities	120		—				—				—			—			—		—			120		—
Derivative contracts	128		2				(125		)	2	—			—			—		—			5		—
Total trading assets	425		15			3	(125		)		—			(14		)	—		—			301		11			3
Securities AFS
U.S. states and political subdivisions	125		1				1				(6		)	—			—		—			121		—
MBS - private	365		—				19				(20		)	—			—		—			364		—
ABS	108		—				2				18			—			—		—			128		—
Corporate and other debt securities	5		—				—				—			—			—		—			5		—
Other equity securities	705		—				—				(24		)	—			—		—			681		—
Total securities AFS	1,308		1			5	22				(32		)	—			—		—			1,299		—
LHFS
Residential loans	104		(4		)	6	—				(10		)	(71		)	42		(2		)	59		(5		)	6
Corporate and other loans	5		—				—				—			—			—		—			5		—
LHFI	411		5			8	—				(10		)	68			—		(2		)	472		3			8
Other assets/(liabilities), net	53		164			6	—				—			(137		)	—		—			80		—

(Dollars in millions)	Beginning balance January 1,     2010			Included in earnings (sold or settled)				OCI				Purchases, sales, issuances, settlements, maturities, paydowns, net			Transfers from/(to)  other balance sheet line items			Transfers     into Level 3		Transfers     out of Level 3			Fair value September 30, 2010		Included in earnings (held at September 30, 2010) 1
Assets
Trading assets
U.S. states and political subdivisions		$7			$—				$—				$2			$—			$—		$—			$9		($1	)
MBS - private	6			—				—				(3		)	—			—		—			3		(1		)
CDO/CLO securities	175			30				—				(82		)	—			—		—			123		24
ABS	51			2				—				2			(14		)	—		—			41		(1		)
Equity securities	151			4				—				(35		)	—			—		—			120		—
Derivative contracts	—			9				(4		)	2	—			—			—		—			5		—
Total trading assets	390			45			3	(4		)		(116		)	(14		)	—		—			301		21			1
Securities AFS
U.S. states and political subdivisions	132			1				(1		)		(11		)	—			—		—			121		—
MBS - private	378			(2		)		53				(65		)	—			—		—			364		(2		)
ABS	102			1			4	(5		)		30			—			—		—			128		—
Corporate and other debt securities	5			—				—				—			—			—		—			5		—
Other equity securities	705			—				—				(24		)	—			—		—			681		—
Total securities AFS	1,322			—			5	47				(70		)	—			—		—			1,299		(2		)	5
LHFS
Residential loans	142			1			6	—				(80		)	(67		)	66		(3		)	59		(10		)	6
Corporate and other loans	9			(2		)	7	—				(2		)	—			—		—			5		(2		)	7
LHFI	449			10			8	—				(35		)	51			—		(3		)	472		9			8
Other assets/(liabilities), net	(35		)	376			6	—				6			(267		)	—		—			80		—
Liabilities
Derivative contracts	(46		)	—				46			2	—			—			—		—			—		—

¹ Change in unrealized gains/(losses) included in earnings for the period related to financial assets still held at September 30, 2010.

² Amount recorded in OCI is the effective portion of the cash flow hedges related to the Company’s probable forecasted sale of its shares of Coke stock as discussed in Note 11, “Derivative Financial Instruments.”

³ Amounts included in earnings are recorded in trading account profits/(losses) and commissions.

⁴ Amounts included in earnings do not include losses accrued as a result of the ARS settlements discussed in Note 14, "Contingencies."

⁵ Amounts included in earnings are recorded in net securities gains.

⁶ Amounts included in earnings are net of issuances, fair value changes, and expirations and are recorded in mortgage production related income.

⁷ Amounts included in earnings are recorded in other noninterest income.

⁸ Amounts are generally included in mortgage production related income, however, the mark on certain fair value loans is included in trading account profits and commissions.

Change in Carrying Value of Assets Measured at Fair Value on a Non-Recurring Basis

			Fair Value Measurement at September 30, 2011, Using
(Dollars in millions)	Net Carrying Value		Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Valuation Allowance
LHFS		$567		$—		$501		$66		$1
LHFI	144		—		—		144		16
OREO	509		—		358		151		(126		)
Other Assets	43		—		28		15		(14		)
			Fair Value Measurement at December 31, 2010, Using
(Dollars in millions)	Net Carrying Value		Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Valuation     Allowance
LHFS		$333		$—		$142		$191		$—
LHFI	85		—		—		85		(15		)
OREO	596		—		553		43		(116		)
Affordable Housing	357		—		—		357		—
Other Assets	130		—		90		40		(20		)

Carrying Amounts and Fair Values of the Company's Financial Instruments

	September 30, 2011							December 31, 2010
(Dollars in millions)	Carrying Amount			Fair Value				Carrying Amount			Fair Value
Financial assets
Cash and cash equivalents		$5,500			$5,500		(a)		$5,378			$5,378		(a)
Trading assets	6,288			6,288			(b)	6,175			6,175			(b)
Securities AFS	27,502			27,502			(b)	26,895			26,895			(b)
LHFS	2,243			2,247			(c)	3,501			3,501			(c)
LHFI	117,475			117,475				115,975			115,975
Interest/credit adjustment on LHFI	(2,600		)	(2,745		)		(2,974		)	(3,823		)
LHFI, as adjusted for interest/credit risk	114,875			114,730			(d)	113,001			112,152			(d)
Market risk/liquidity adjustment on LHFI	—			(5,401		)		—			(3,962		)
LHFI, fully adjusted		$114,875			$109,329		(d)		$113,001			$108,190		(d)
Financial liabilities
Consumer and commercial deposits		$123,933			$124,323		(e)		$120,025			$120,368		(e)
Brokered deposits	2,283			2,301			(f)	2,365			2,381			(f)
Foreign deposits	35			35			(f)	654			654			(f)
Short-term borrowings	6,232			6,224			(f)	5,821			5,815			(f)
Long-term debt	13,544			13,207			(f)	13,648			13,191			(f)
Trading liabilities	1,735			1,735			(b)	2,678			2,678			(b)

The following methods and assumptions were used by the Company in estimating the fair value of financial instruments:

(a) Cash and cash equivalents are valued at their carrying amounts reported in the balance sheet, which are reasonable estimates of fair value due to the relatively short period to maturity of the instruments.

(b) Securities AFS, trading assets, and trading liabilities that are classified as level 1 are valued based on quoted market prices. For those instruments classified as level 2 or 3, refer to the respective valuation discussions within this footnote.

(c) LHFS are generally valued based on observable current market prices or, if quoted market prices are not available, on quoted market prices of similar instruments. In instances when significant valuation assumptions are not readily observable in the market, instruments are valued based on the best available data in order to approximate fair value. This data may be internally-developed and considers risk premiums that a market participant would require under then-current market conditions. Refer to the LHFS section within this footnote for further discussion of the LHFS carried at fair value.

(d) LHFI fair values are based on a hypothetical exit price, which does not represent the estimated intrinsic value of the loan if held for investment. The assumptions used are expected to approximate those that a market participant purchasing the loans would use to value the loans, including a market risk premium and liquidity discount. Estimating the fair value of the loan portfolio when loan sales and trading markets are illiquid, or for certain loan types, nonexistent, requires significant judgment. Therefore, the estimated fair value can vary significantly depending on a market participant’s ultimate considerations and assumptions. The final value yields a market participant’s expected return on investment that is indicative of the current market conditions, but it does not take into consideration the Company’s estimated value from continuing to hold these loans or its lack of willingness to transact at these estimated values.

The Company estimated fair value based on estimated future cash flows discounted, initially, at current origination rates for loans with similar terms and credit quality, which derived an estimated value of 100% and 99% on the loan portfolio’s net carrying value as of September 30, 2011 and December 31, 2010, respectively. The value derived from origination rates likely does not represent an exit price; therefore, an incremental market risk and liquidity discount was subtracted from the initial value as of September 30, 2011 and December 31, 2010, respectively. The discounted value is a function of a market participant’s required yield in the current environment and is not a reflection of the expected cumulative losses on the loans. Loan prepayments are used to adjust future cash flows based on historical experience and prepayment model forecasts. The value of related accrued interest on loans approximates fair value; however, it is not included in the carrying amount or fair value of loans. The value of long-term customer relationships is not permitted under current U.S. GAAP to be included in the estimated fair value.

(e) Deposit liabilities with no defined maturity such as demand deposits, NOW/money market accounts, and savings accounts have a fair value equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for CDs are estimated using a discounted cash flow calculation that applies current interest rates to a schedule of aggregated expected maturities. The assumptions used in the discounted cash flow analysis are expected to approximate those that market participants would use in valuing deposits. The value of long-term relationships with depositors is not taken into account in estimating fair values.

(f) Fair values for foreign deposits, certain brokered deposits, short-term borrowings, and certain long-term debt are based on quoted market prices for similar instruments or estimated using discounted cash flow analysis and the Company’s current incremental borrowing rates for similar types of instruments. For brokered deposits and long-term debt that the Company carries at fair value, refer to the respective valuation sections within this footnote.