The following table presents the contractual rates and maturity dates of our FHLB borrowings, bank notes, senior debt and subordinated debt as of December 31, 2015.
Table 95: FHLB Borrowings, Bank Notes, Senior Debt and Subordinated Debt
## Table 0 ##
(a) FHLB borrowings are generally collateralized by residential mortgage loans, other mortgage-related loans and commercial mortgage-backed securities.
In the table above, the carrying values for bank notes, senior debt and subordinated debt include basis adjustments of $36 million, $175 million and $246 million, respectively, related to fair value accounting hedges as of December 31, 2015.
Also included in borrowed funds are repurchase agreements.
See Note 21 Commitments and Guarantees for additional information on those agreements.
Additionally, certain borrowings are reported at fair value.
Refer to Note 7 Fair Value for more information on those borrowings.
Junior Subordinated Debentures PNC Capital Trust C, a wholly-owned finance subsidiary of PNC, owns junior subordinated debentures issued by PNC with a carrying value of $205 million.
In June 1998, PNC Capital Trust C issued $200 million of trust preferred securities which bear interest at an annual rate of 3 month LIBOR plus 57 basis points.
The trust preferred securities are due June 1, 2028 and are currently redeemable by PNC Capital Trust C at par.
At December 31, 2015, the interest rate in effect was .98%.
This carrying value and related net discounts of $1 million comprise the $206 million principal amount of junior subordinated debentures associated with $200 million of trust preferred securities that were issued by the Trust.
In accordance with GAAP, the financial statements of the Trust are not included in PNC’s consolidated financial statements.
The obligations of PNC, as the parent of the Trust, when taken collectively, are the equivalent of a full and unconditional guarantee of the obligations of the Trust under the terms of the trust preferred securities.
Such guarantee is subordinate in right of payment in the same manner as other junior subordinated debt.
There are certain restrictions on PNC’s overall ability to obtain funds from its subsidiaries.
For additional disclosure on these funding restrictions, see Note 19 Regulatory Matters.
PNC and PNC Bank are also subject to restrictions on dividends and other provisions potentially imposed by the REIT preferred securities, including under the Exchange Agreement with PNC Preferred Funding Trust II, as described in Note 16 Equity.
PNC is subject to certain restrictions, including restrictions on dividend payments, in connection with the outstanding junior subordinated debentures.
Generally, if there is (i) an event of default under the debenture, (ii) PNC elects to defer interest on the debenture, (iii) PNC exercises its right to defer payments on the related trust preferred securities, or (iv) there is a default under PNC’s guarantee of such payment obligations, then PNC would be subject during the period of such default or deferral to restrictions on dividends and other provisions protecting the status of the debenture holders similar to or in some ways more restrictive than those potentially imposed under the Exchange Agreement with PNC Preferred Funding Trust II, as described in Note 16 Equity.
NOTE 12 EMPLOYEE BENEFIT PLANS Pension and Postretirement Plans We have a noncontributory, qualified defined benefit pension plan covering eligible employees.
Benefits are determined using a cash balance formula where earnings credits are a percentage of eligible compensation.
Earnings credit percentages for those employees who were plan participants on December 31, 2009 are frozen at the level earned to that point.
Earnings credits for all employees who become participants on or after January 1, 2010 are a flat 3% of eligible compensation.
All plan participants earn interest on their cash balances based on 30-year Treasury securities rates with those who were participants at December 31, 2009 earning a minimum rate.
New participants on or after January 1, 2010 are not subject to the minimum rate.
Any pension contributions to the plan are based on an actuarially determined amount necessary to fund total benefits payable to plan participants.
In February 2015, PNC made a voluntary contribution of $200 million to the qualified pension plan.
We also maintain nonqualified supplemental retirement plans for certain employees and provide certain health care and life insurance benefits for qualifying retired employees (postretirement benefits) through various plans.
PNC reserves the right to terminate or make changes to these plans at any time.
The nonqualified pension plan is unfunded.
In November of 2015, PNC established a voluntary employee beneficiary association (VEBA) to partially fund postretirement medical and life insurance benefit obligations.
PNC made a contribution of $200 million to the VEBA in December 2015.
NONPERFORMING ASSETS AND RELATED INFORMATION
## Table 1 ##
(a) Excludes most consumer loans and lines of credit, not secured by residential real estate, which are charged off after 120 to 180 days past due and are not placed on nonperforming status.
(b) Pursuant to alignment with interagency supervisory guidance on practices for loans and lines of credit related to consumer lending in the first quarter of 2013, nonperforming home equity loans increased $214 million, nonperforming residential mortgage loans increased $187 million and nonperforming other consumer loans increased $25 million.
Charge-offs were taken on these loans where the fair value less costs to sell the collateral was less than the recorded investment of the loan and were $134 million.
(c) In the first quarter of 2012, we adopted a policy stating that Home equity loans past due 90 days or more would be placed on nonaccrual status.
Prior policy required that these loans be past due 180 days before being placed on nonaccrual status.
(d) Effective in the second quarter 2011, the commercial nonaccrual policy was applied to certain small business credit card balances.
This change resulted in loans being placed on nonaccrual status when they become 90 days or more past due.
We continue to charge off these loans at 180 days past due.
(e) Pursuant to regulatory guidance, issued in the third quarter of 2012, nonperforming consumer loans, primarily home equity and residential mortgage, increased $288 million in 2012 related to changes in treatment of certain loans classified as TDRs, net of charge-offs, resulting from bankruptcy where no formal reaffirmation was provided by the borrower and therefore a concession has been granted based upon discharge from personal liability.
Charge-offs have been taken where the fair value less costs to sell the collateral was less than the recorded investment of the loan and were $128 million.
(f) Nonperforming loans exclude certain government insured or guaranteed loans, loans held for sale, loans accounted for under the fair value option and purchased impaired loans.
(g) Amounts include certain government insured or guaranteed consumer loans totaling $765 million, $996 million, $995 million, $2,236 million and $2,474 million at December 31, 2015, December 31, 2014, December 31, 2013, December 31, 2012 and December 31, 2011, respectively.
Past due loan amounts exclude purchased impaired loans as they are considered current loans due to the accretion of interest income.
(h) Amounts include certain government insured or guaranteed consumer loans held for sale totaling $4 million, $9 million, $4 million, zero, and $15 million at December 31, 2015, December 31, 2014, December 31, 2013, December 31, 2012 and December 31, 2011, respectively.
We include here by reference additional information relating to PNC common stock under the Common Stock Prices/ Dividends Declared section in the Statistical Information (Unaudited) section of Item 8 of this Report.
We include here by reference the information regarding our compensation plans under which PNC equity securities are authorized for issuance as of December 31, 2015 in the table (with introductory paragraph and notes) that appears under the caption “Approval of 2016 Incentive Award Plan – Item 3” in our Proxy Statement to be filed for the 2016 annual meeting of shareholders and is incorporated by reference herein and in Item 12 of this Report.
Our stock transfer agent and registrar is: Computershare Trust Company, N. A.250 Royall Street Canton, MA 02021 800-982-7652 Registered shareholders may contact the above phone number regarding dividends and other shareholder services.
We include here by reference the information that appears under the Common Stock Performance Graph caption at the end of this Item 5.
(a)(2) None.
(b) Not applicable.
(c) Details of our repurchases of PNC common stock during the fourth quarter of 2015 are included in the following table: In thousands, except per share data
## Table 2 ##
(a) Includes PNC common stock purchased in connection with our various employee benefit plans generally related to forfeitures of unvested restricted stock awards and shares used to cover employee payroll tax withholding requirements.
Note 12 Employee Benefit Plans and Note 13 Stock Based Compensation Plans in the Notes To Consolidated Financial Statements in Item 8 of this Report include additional information regarding our employee benefit and equity compensation plans that use PNC common stock.
(b) On March 11, 2015, we announced that our Board of Directors had approved the establishment of a new stock repurchase program authorization in the amount of 100 million shares of PNC common stock, effective April 1, 2015.
Repurchases are made in open market or privately negotiated transactions and the timing and exact amount of common stock repurchases will depend on a number of factors including, among others, market and general economic conditions, economic capital and regulatory capital considerations, alternative uses of capital, the potential impact on our credit ratings, and contractual and regulatory limitations, including the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the Federal Reserve as part of the CCAR process.
Our 2015 capital plan, submitted as part of the CCAR process and accepted by the Federal Reserve, included share repurchase programs of up to $2.875 billion for the five quarter period beginning with the second quarter of 2015.
This amount does not include share repurchases in connection with various employee benefit plans referenced in note (a).
In the fourth quarter of 2015, in accordance with PNC’s 2015 capital plan and under the share repurchase authorization in effect during that period, we repurchased 5.8 million shares of common stock on the open market, with an average price of $92.26 per share and an aggregate repurchase price of $.5 billion.

<table><tr><td>December 31, 2015 – Dollarsin millions</td><td>Carrying Value</td><td>Stated Rate</td><td>Maturity</td></tr><tr><td>FHLB (a)</td><td>$20,108</td><td>zero-6.50%</td><td>2016-2030</td></tr><tr><td>Bank notes and senior debt</td><td></td><td></td><td></td></tr><tr><td>Bank notes</td><td>$16,033</td><td>zero-3.30%</td><td>2016-2043</td></tr><tr><td>Senior debt</td><td>5,265</td><td>2.70%-6.70%</td><td>2016-2022</td></tr><tr><td>Total bank notes and senior debt</td><td>$21,298</td><td></td><td></td></tr><tr><td>Subordinated debt</td><td></td><td></td><td></td></tr><tr><td>Junior</td><td>$205</td><td>.98%</td><td>2028</td></tr><tr><td>Other</td><td>8,351</td><td>.82%-6.88%</td><td>2016-2025</td></tr><tr><td>Total subordinated debt</td><td>$8,556</td><td></td><td></td></tr></table>
<table><tr><td>December 31 – dollars in millions</td><td>2015</td><td>2014</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>Nonperforming loans</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commercial</td><td>$351</td><td>$290</td><td>$457</td><td>$590</td><td>$899</td></tr><tr><td>Commercial real estate</td><td>187</td><td>334</td><td>518</td><td>807</td><td>1,345</td></tr><tr><td>Equipment lease financing</td><td>7</td><td>2</td><td>5</td><td>13</td><td>22</td></tr><tr><td>Total commercial lending</td><td>545</td><td>626</td><td>980</td><td>1,410</td><td>2,266</td></tr><tr><td>Consumer lending (a)</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Home equity (b) (c)</td><td>977</td><td>1,112</td><td>1,139</td><td>951</td><td>529</td></tr><tr><td>Residential real estate (b)</td><td>549</td><td>706</td><td>904</td><td>845</td><td>726</td></tr><tr><td>Credit card (d)</td><td>3</td><td>3</td><td>4</td><td>5</td><td>8</td></tr><tr><td>Other consumer (b)</td><td>52</td><td>63</td><td>61</td><td>43</td><td>31</td></tr><tr><td>Total consumer lending (e)</td><td>1,581</td><td>1,884</td><td>2,108</td><td>1,844</td><td>1,294</td></tr><tr><td>Total nonperforming loans (f)</td><td>2,126</td><td>2,510</td><td>3,088</td><td>3,254</td><td>3,560</td></tr><tr><td>OREO and foreclosed assets</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other real estate owned (OREO)</td><td>279</td><td>351</td><td>360</td><td>507</td><td>561</td></tr><tr><td>Foreclosed and other assets</td><td>20</td><td>19</td><td>9</td><td>33</td><td>35</td></tr><tr><td>Total OREO and foreclosed assets</td><td>299</td><td>370</td><td>369</td><td>540</td><td>596</td></tr><tr><td>Total nonperforming assets</td><td>$2,425</td><td>$2,880</td><td>$3,457</td><td>$3,794</td><td>$4,156</td></tr><tr><td>Nonperforming loans to total loans</td><td>1.03%</td><td>1.23%</td><td>1.58%</td><td>1.75%</td><td>2.24%</td></tr><tr><td>Nonperforming assets to total loans, OREO and foreclosed assets</td><td>1.17</td><td>1.40</td><td>1.76</td><td>2.04</td><td>2.60</td></tr><tr><td>Nonperforming assets to total assets</td><td>.68</td><td>.83</td><td>1.08</td><td>1.24</td><td>1.53</td></tr><tr><td>Interest on nonperforming loans</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Computed on original terms</td><td>$115</td><td>$125</td><td>$163</td><td>$212</td><td>$278</td></tr><tr><td>Recognized prior to nonperforming status</td><td>22</td><td>25</td><td>30</td><td>30</td><td>47</td></tr><tr><td>Troubled Debt Restructurings</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Nonperforming</td><td>$1,119</td><td>$1,370</td><td>$1,511</td><td>$1,589</td><td>$1,141</td></tr><tr><td>Performing</td><td>1,232</td><td>1,213</td><td>1,228</td><td>1,270</td><td>1,062</td></tr><tr><td>Past due loans</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accruing loans past due 90 days or more (g)</td><td>$881</td><td>$1,105</td><td>$1,491</td><td>$2,351</td><td>$2,973</td></tr><tr><td>As a percentage of total loans</td><td>.43%</td><td>.54%</td><td>.76%</td><td>1.26%</td><td>1.87%</td></tr><tr><td>Past due loans held for sale</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accruing loans held for sale past due 90 days or more (h)</td><td>$4</td><td>$9</td><td>$4</td><td>$38</td><td>$49</td></tr><tr><td>As a percentage of total loans held for sale</td><td>.29%</td><td>.40%</td><td>.18%</td><td>1.03%</td><td>1.67%</td></tr></table>
<table><tr><td>2015 period</td><td>Total sharespurchased (a)</td><td>Averagepricepaid pershare</td><td>Total sharespurchased aspartofpubliclyannouncedprograms (b)</td><td>Maximumnumberofshares thatmay yet bepurchasedunder theprograms (b)</td></tr><tr><td>October 1 – 31</td><td>2,528</td><td>$89.24</td><td>2,506</td><td>85,413</td></tr><tr><td>November 1 – 30</td><td>1,923</td><td>$94.06</td><td>1,923</td><td>83,490</td></tr><tr><td>December 1 – 31</td><td>1,379</td><td>$95.20</td><td>1,379</td><td>82,111</td></tr><tr><td>Total</td><td>5,830</td><td>$92.24</td><td></td><td></td></tr></table>

Question: In the year where the value of Total nonperforming loans on December 31 is the lowest, what's the value of Total commercial lending on December 31? (in million)