ITEM 5 / MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Five-Year Cumulative Total Shareholder Returns Value of $100 Invested on December 31, 2010
## Table 0 ##
Dividend reinvestment has been assumed and returns have been weighted to reflect relative stock market capitalization.
CONSOLIDATED INCOME STATEMENT REVIEW Net income for 2009 was $2.4 billion and for 2008 was $914 million.
Amounts for 2009 include operating results of National City and the fourth quarter impact of a $687 million after-tax gain related to BlackRock’s acquisition of BGI.
Increases in income statement comparisons to 2008, except as noted, are primarily due to the operating results of National City.
Our Consolidated Income Statement is presented in Item 8 of this Report.
NET INTEREST INCOME AND NET INTEREST MARGIN
## Table 1 ##
Changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields, interest-bearing liabilities and related rates paid, and noninterest-bearing sources of funding.
See Statistical Information – Analysis Of Year-To-Year Changes In Net Interest (Unaudited) Income And Average Consolidated Balance Sheet and Net Interest Analysis in Item 8 of this Report for additional information.
Higher net interest income for 2009 compared with 2008 reflected the increase in average interest-earning assets due to National City and the improvement in the net interest margin.
The net interest margin was 3.82% for 2009 and 3.37% for 2008.
The following factors impacted the comparison: ?
A decrease in the rate accrued on interest-bearing liabilities of 97 basis points.
The rate accrued on interest-bearing deposits, the largest component, decreased 107 basis points.  ?
These factors were partially offset by a 45 basis point decrease in the yield on interest-earning assets.
The yield on loans, which represented the largest portion of our earning assets in 2009, decreased 30 basis points.  ?
In addition, the impact of noninterest-bearing sources of funding decreased 7 basis points.
For comparing to the broader market, the average Federal funds rate was .16% for 2009 compared with 1.94% for 2008.
We expect our net interest income for 2010 will likely be modestly lower as a result of cash recoveries on purchased impaired loans in 2009 and additional run-off of higheryielding assets, which could be mitigated by rising interest rates.
This assumes our current expectations for interest rates and economic conditions – we include our current economic assumptions underlying our forward-looking statements in the Cautionary Statement Regarding Forward-Looking Information section of this Item 7.
NONINTEREST INCOME Summary Noninterest income was $7.1 billion for 2009 and $2.4 billion for 2008.
Noninterest income for 2009 included the following: ?
The gain on BlackRock/BGI transaction of $1.076 billion, ?
Net credit-related other-than-temporary impairments (OTTI) on debt and equity securities of $577 million, ?
Net gains on sales of securities of $550 million, ?
Gains on hedging of residential mortgage servicing rights of $355 million, ?
Valuation and sale income related to our commercial mortgage loans held for sale, net of hedges, of $107 million, ?
Gains of $103 million related to our BlackRock LTIP shares adjustment in the first quarter, and net losses on private equity and alternative investments of $93 million.
Noninterest income for 2008 included the following: ?
Net OTTI on debt and equity securities of $312 million, ?
Gains of $246 million related to our BlackRock LTIP shares adjustment, ?
Valuation and sale losses related to our commercial mortgage loans held for sale, net of hedges, of $197 million, ?
Impairment and other losses related to private equity and alternative investments of $180 million, ?
Income from Hilliard Lyons totaling $164 million, including the first quarter gain of $114 million from the sale of this business, ?
Net gains on sales of securities of $106 million, and ?
A gain of $95 million related to the redemption of a portion of our Visa Class B common shares related to Visa’s March 2008 initial public offering.
Additional analysis Asset management revenue increased $172 million to $858 million in 2009, compared with $686 million in 2008.
This increase reflected improving equity markets, new business generation and a shift in assets into higher yielding equity investments during the second half of 2009.
Assets managed totaled $103 billion at both December 31, 2009 and 2008, including the impact of National City.
The Asset Management Group section of the Business Segments Review section of this Item 7 includes further discussion of assets under management.
Consumer services fees totaled $1.290 billion in 2009 compared with $623 million in 2008.
Service charges on deposits totaled $950 million for 2009 and $372 million for 2008.
Both increases were primarily driven by the impact of the National City acquisition.
Reduced consumer spending,
benefit of $46 million of gross interest and penalties, decreasing income tax expense.
The total accrued interest and penalties at December 31, 2014 was $41 million.
At December 31, 2015, the total accrued interest and penalties was not significant.
During 2015, we recognized $202 million of amortization, $224 million of tax credits and $74 million of other tax benefits associated with qualified investments in low income housing tax credits within Income taxes.
NOTE 19 REGULATORY MATTERS We are subject to the regulations of certain federal, state, and foreign agencies and undergo periodic examinations by such regulatory authorities.
The ability to undertake new business initiatives (including acquisitions), the access to and cost of funding for new business initiatives, the ability to pay dividends, the ability to repurchase shares or other capital instruments, the level of deposit insurance costs, and the level and nature of regulatory oversight depend, in large part, on a financial institution’s capital strength.
At December 31, 2015 and December 31, 2014, PNC and PNC Bank, our domestic banking subsidiary, were both considered “well capitalized,” based on applicable U. S.  regulatory capital ratio requirements.
Beginning in 2015, to qualify as “well capitalized”, PNC must have Transitional Basel III capital ratios of at least 6% for Tier 1 risk-based capital and 10% for Total risk-based capital, and PNC Bank must have Transitional Basel III capital ratios of at least 6.5% for Common equity Tier 1 risk-based capital, 8% for Tier 1 risk-based capital, 10% for Total risk-based capital, and a Leverage ratio of at least 5%.
To qualify as “well capitalized” in 2014, regulators required insured depository institutions, such as PNC Bank, to maintain Transitional Basel III capital ratios of at least 6% for Tier 1 risk-based, 10% for Total riskbased and 5% for Leverage, and required bank holding companies, such as PNC, to maintain Transitional Basel III regulatory capital ratios of at least 6% Tier 1 risk-based and 10% for Total risk-based.
The following table sets forth the Transitional Basel III regulatory capital ratios at December 31, 2015 and December 31, 2014 for PNC and PNC Bank.
Table 130: Basel Regulatory Capital (a)
## Table 2 ##
(a) Calculated using the Transitional Basel III regulatory capital methodology applicable to PNC during both 2015 and 2014.
(b) For 2014, Common equity Tier 1 was not applicable to U. S.  regulatory capital ratio requirements for “well capitalized.
” The principal source of parent company cash flow is the dividends it receives from its subsidiary bank, which may be impacted by the following: ?
Capital needs, ?
Laws and regulations, ?
Corporate policies, ?
Contractual restrictions, and ?
Other factors.
Also, there are statutory and regulatory limitations on the ability of national banks to pay dividends or make other capital distributions.
The amount available for dividend payments to the parent company by PNC Bank without prior regulatory approval was approximately $1.7 billion at December 31, 2015.
Under federal law, a bank subsidiary generally may not extend credit to, or engage in other types of covered transactions (including the purchase of assets) with, the parent company or its non-bank subsidiaries on terms and under circumstances that are not substantially the same as comparable transactions with nonaffiliates.
A bank subsidiary may not extend credit to, or engage in a covered transaction with, the parent company or a non-bank subsidiary if the aggregate amount of the bank’s extensions of credit and other covered transactions with the parent company or non-bank subsidiary exceeds 10% of the capital stock and surplus of such bank subsidiary or the aggregate amount of the bank’s extensions of credit and other covered transactions with the parent company and all nonbank subsidiaries exceeds 20% of the capital and surplus of such bank subsidiary.
Such extensions of credit, with limited exceptions, must be at least fully collateralized in accordance with specified collateralization thresholds, with the thresholds

<table><tr><td> </td><td colspan="6"> As of December 31,</td></tr><tr><td> </td><td>2010</td><td>2011</td><td>2012</td><td>2013</td><td>2014</td><td>2015</td></tr><tr><td>AIG</td><td>$100.00</td><td>$49.05</td><td>$74.64</td><td>$108.38</td><td>$120.02</td><td>$134.63</td></tr><tr><td>S&P 500</td><td>100.00</td><td>102.11</td><td>118.45</td><td>156.82</td><td>178.29</td><td>180.75</td></tr><tr><td>Peer Group</td><td>100.00</td><td>86.72</td><td>111.36</td><td>165.52</td><td>167.48</td><td>175.50</td></tr></table>
<table><tr><td>Year ended December 31  Dollars in millions</td><td>2009</td><td>2008</td></tr><tr><td>Net interest income</td><td>$9,083</td><td>$3,854</td></tr><tr><td>Net interest margin</td><td>3.82%</td><td>3.37%</td></tr></table>
<table><tr><td></td><td colspan="2">Amount</td><td colspan="2">Ratios</td></tr><tr><td>December 31Dollars in millions</td><td>2015</td><td>2014</td><td>2015</td><td>2014</td></tr><tr><td>Risk-based capital</td><td></td><td></td><td></td><td></td></tr><tr><td>Common equity Tier 1 (b)</td><td></td><td></td><td></td><td></td></tr><tr><td>PNC</td><td>$31,493</td><td>N/A</td><td>10.6%</td><td>N/A</td></tr><tr><td>PNC Bank</td><td>27,484</td><td>N/A</td><td>9.7</td><td>N/A</td></tr><tr><td>Tier 1</td><td></td><td></td><td></td><td></td></tr><tr><td>PNC</td><td>35,522</td><td>$35,687</td><td>12.0</td><td>12.6%</td></tr><tr><td>PNC Bank</td><td>29,425</td><td>29,328</td><td>10.4</td><td>10.7</td></tr><tr><td>Total</td><td></td><td></td><td></td><td></td></tr><tr><td>PNC</td><td>43,260</td><td>44,782</td><td>14.6</td><td>15.8</td></tr><tr><td>PNC Bank</td><td>36,482</td><td>37,559</td><td>12.9</td><td>13.7</td></tr><tr><td>Leverage</td><td></td><td></td><td></td><td></td></tr><tr><td>PNC</td><td>35,522</td><td>35,687</td><td>10.1</td><td>10.8</td></tr><tr><td>PNC Bank</td><td>29,425</td><td>29,328</td><td>8.7</td><td>9.2</td></tr></table>

Question: In the year with lowest amount of PNC, what's the increasing rate of PNC Bank ?
Answer: 0.0033