the decrease in mortgage servicing rights of $ 2.7 billion was primarily 2022 attributed to mark-to-market losses recognized in the portfolio due to decreases in the mortgage interest rates and increases in refinancing .the increase in securities sold under agreements to repurchase of $ 5 2022 billion is driven by a $ 6.2 billion increase from net transfers in as the continued credit crisis impacted the availability of observable inputs for the underlying securities related to this liability .this was offset by a reduction from net settlements of $ 1.4 billion .the decrease in short-term borrowings of $ 3.7 billion is due to net transfers 2022 out of $ 1.8 billion as valuation methodology inputs considered to be unobservable were determined not to be significant to the overall valuation .in addition , net payments of $ 1.8 billion were made during the year .the increase in 2022 long-term debt of $ 2.2 billion is driven by : the net transfers in of $ 38.8 billion , substantially all of which related 2013 to the transfer of consolidated siv debt in the first quarter of 2008 , as the availability of observable inputs continued to decline due to the current crisis ; offset by $ 2.2 billion in gains recognized as credit spreads widened during the 2013 year ; and $ 34.3 billion decrease from net settlements/payments .included in 2013 these settlements were $ 21 billion of payments made on maturing siv debt and the replacement of $ 17 billion of non-recourse , consolidated siv debt classified as level 3 with citigroup debt classified as level 2 .this replacement occurred in connection with the purchase of the siv assets by the company in november 2008 .items measured at fair value on a nonrecurring basis certain assets and liabilities are measured at fair value on a nonrecurring basis and therefore are not included in the tables above .these include assets measured at cost that have been written down to fair value during the periods as a result of an impairment .in addition , these assets include loans held-for-sale that are measured at locom that were recognized at fair value below cost at the end of the period .the fair value of loans measured on a locom basis is determined where possible using quoted secondary-market prices .such loans are generally classified as level 2 of the fair-value hierarchy given the level of activity in the market and the frequency of available quotes .if no such quoted price exists , the fair value of a loan is determined using quoted prices for a similar asset or assets , adjusted for the specific attributes of that loan .the following table presents all loans held-for-sale that are carried at locom as of december 31 , 2009 and 2008 ( in billions ) : aggregate cost fair value level 2 level 3 .
[['', 'aggregate cost', 'fair value', 'level 2', 'level 3'], ['december 31 2009', '$ 2.5', '$ 1.6', '$ 0.3', '$ 1.3'], ['december 31 2008', '3.1', '2.1', '0.8', '1.3']]
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Question: what was the ratio of the net increase in the in securities sold under agreements to repurchase to the net transfers in
Answer: 0.81
Explanation: for very $ 1 of net transfers in this led $ 0.81 increase in the net increase in the in securities sold under agreements to repurchase