we define past-due loans as loans on which contractual principal or interest payments are over 90 days delinquent , but for which interest continues to be accrued . no institutional loans were 90 days or more contractually past due as of december 31 , 2011 , 2010 , 2009 , 2008 or 2007 . although a portion of the cre loans was 90 days or more contractually past due as of december 31 , 2011 , 2010 , 2009 and 2008 , we do not report them as past-due loans , because in accordance with gaap , the interest earned on these loans is based on an accretable yield resulting from management 2019s expectations with respect to the future cash flows for each loan relative to both the timing and collection of principal and interest as of the reporting date , not the loans 2019 contractual payment terms . these cash flow estimates are updated quarterly to reflect changes in management 2019s expectations , which consider market conditions . we generally place loans on non-accrual status once principal or interest payments are 60 days past due , or earlier if management determines that full collection is not probable . loans 60 days past due , but considered both well-secured and in the process of collection , may be excluded from non-accrual status . for loans placed on non-accrual status , revenue recognition is suspended . as of december 31 , 2011 and 2010 , approximately $ 5 million and $ 158 million , respectively , of the aforementioned cre loans had been placed by management on non-accrual status , as the yield associated with these loans , determined when the loans were acquired , was deemed to be non-accretable . this determination was based on management 2019s expectations of the future collection of principal and interest from the loans . the decline in loans on non-accrual status at december 31 , 2011 compared to december 31 , 2010 resulted mainly from the transfer of certain cre loans to other real estate owned in 2011 in connection with foreclosure or similar transactions . these transactions had no impact on our 2011 consolidated statement of income . the following table presents contractual maturities for loan and lease balances as of december 31 , 2011 : ( in millions ) total under 1 year 1 to 5 years over 5 years institutional : investment funds : u.s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5592 $ 5261 $ 331 non-u.s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 796 796 2014 commercial and financial : u.s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 563 533 30 non-u.s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 453 440 13 purchased receivables : u.s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 563 2014 49 $ 514 non-u.s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 372 2014 372 2014 lease financing : u.s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 397 9 39 349 non-u.s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 857 100 217 540 total institutional . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9593 7139 1051 1403 commercial real estate : u.s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 460 41 21 398 total loans and leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10053 $ 7180 $ 1072 $ 1801 the following table presents the classification of loan and lease balances due after one year according to sensitivity to changes in interest rates as of december 31 , 2011 : ( in millions ) .

Table: loans and leases with predetermined interest rates $ 1145 loans and leases with floating or adjustable interest rates 1728 total $ 2873

.

Question: what was the percent of the classification of loan and lease balances due after one year that was loans and leases with predetermined interest rates
Answer: 39.9%
Calculation: divide(1145, 2873)