?
Through the U. S.  Attorney’s Office for the District of Maryland, the office of the Inspector General (“OIG”) for the Small Business Administration (“SBA”) has served a subpoena on PNC requesting documents concerning PNC’s relationship with, including SBA-guaranteed loans made through, a broker named Jade Capital Investments, LLC (“Jade”), as well as information regarding other PNC-originated SBA guaranteed loans made to businesses located in the State of Maryland, the Commonwealth of Virginia, and Washington, DC.
Certain of the Jade loans have been identified in an indictment and subsequent superseding indictment charging persons associated with Jade with conspiracy to commit bank fraud, substantive violations of the federal bank fraud statute, and money laundering.
PNC is cooperating with the U. S.  Attorney’s Office for the District of Maryland.
Our practice is to cooperate fully with regulatory and governmental investigations, audits and other inquiries, including those described in this Note 23.
OTHER In addition to the proceedings or other matters described above, PNC and persons to whom we may have indemnification obligations, in the normal course of business, are subject to various other pending and threatened legal proceedings in which claims for monetary damages and other relief are asserted.
We do not anticipate, at the present time, that the ultimate aggregate liability, if any, arising out of such other legal proceedings will have a material adverse effect on our financial position.
However, we cannot now determine whether or not any claims asserted against us or others to whom we may have indemnification obligations, whether in the proceedings or other matters described above or otherwise, will have a material adverse effect on our results of operations in any future reporting period, which will depend on, among other things, the amount of the loss resulting from the claim and the amount of income otherwise reported for the reporting period.
See Note 24 Commitments and Guarantees for additional information regarding the Visa indemnification and our other obligations to provide indemnification, including to current and former officers, directors, employees and agents of PNC and companies we have acquired.
NOTE 24 COMMITMENTS AND GUARANTEES EQUITY FUNDING AND OTHER COMMITMENTS Our unfunded commitments at December 31, 2013 included private equity investments of $164 million.
STANDBY LETTERS OF CREDIT We issue standby letters of credit and have risk participations in standby letters of credit issued by other financial institutions, in each case to support obligations of our customers to third parties, such as insurance requirements and the facilitation of transactions involving capital markets product execution.
Net outstanding standby letters of credit and internal credit ratings were as follows: Table 151: Net Outstanding Standby Letters of Credit
## Table 0 ##
(a) The amounts above exclude participations in standby letters of credit of $3.3 billion and $3.2 billion to other financial institutions as of December 31, 2013 and December 31, 2012, respectively.
The amounts above include $6.6 billion and $7.5 billion which support remarketing programs at December 31, 2013 and December 31, 2012, respectively.
(b) Indicates that expected risk of loss is currently low.
(c) Indicates a higher degree of risk of default.
If the customer fails to meet its financial or performance obligation to the third party under the terms of the contract or there is a need to support a remarketing program, then upon a draw by a beneficiary, subject to the terms of the letter of credit, we would be obligated to make payment to them.
The standby letters of credit outstanding on December 31, 2013 had terms ranging from less than 1 year to 6 years.
As of December 31, 2013, assets of $2.0 billion secured certain specifically identified standby letters of credit.
In addition, a portion of the remaining standby letters of credit issued on behalf of specific customers is also secured by collateral or guarantees that secure the customers’ other obligations to us.
The carrying amount of the liability for our obligations related to standby letters of credit and participations in standby letters of credit was $218 million at December 31, 2013.
STANDBY BOND PURCHASE AGREEMENTS AND OTHER LIQUIDITY FACILITIES We enter into standby bond purchase agreements to support municipal bond obligations.
At December 31, 2013, the aggregate of our commitments under these facilities was $1.3 billion.
We also enter into certain other liquidity facilities to support individual pools of receivables acquired by commercial paper conduits.
There were no commitments under these facilities at December 31, 2013.
## Table 1 ##
(a) Includes assets and liabilities for which we have elected the fair value option.
See Consolidated Balance Sheet in Item 8 of this Report for additional information.
(b) Includes balances held with the Federal Reserve Bank of Cleveland of $25.1 billion, $30.0 billion, $31.4 billion, $11.7 billion and $3.5 billion as of December 31, 2016, 2015, 2014, 2013 and 2012, respectively.
(c) Includes our equity interest in BlackRock.
(d) Includes long-term borrowings of $38.3 billion, $43.6 billion, $41.5 billion, $27.6 billion and $19.3 billion for 2016, 2015, 2014, 2013 and 2012, respectively.
Borrowings which mature more than one year after December 31, 2016 are considered to be long-term.
(e) As a result of certain investment advisory services performed by one of our registered investment advisors, certain assets are reported as both discretionary client assets under management and nondiscretionary client assets under administration.
The amount of such assets was approximately $9 billion, $6 billion, $5 billion, $4 billion and $4 billion at December 31, 2016, 2015, 2014, 2013 and 2012, respectively.
(f) Calculated as taxable-equivalent net interest income divided by average earning assets.
The interest income earned on certain earning assets is completely or partially exempt from federal income tax.
As such, these tax-exempt instruments typically yield lower returns than taxable investments.
To provide more meaningful comparisons of net interest margins, we use net interest income on a taxable-equivalent basis in calculating net interest margin by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments.
This adjustment is not permitted under GAAP on the Consolidated Income Statement.
The taxable-equivalent adjustments to net interest income for the years 2016, 2015, 2014, 2013 and 2012 were $.2 billion, $.2 billion, $.2 billion, $.2 billion and $.1 billion, respectively.
For additional information, see Statistical Information (unaudited) in Item 8 of this Report.
(g) Calculated using the regulatory capital methodology applicable to us during 2016, 2015 and 2014, respectively.
(h) See capital ratios discussion in the Supervision and Regulation section of Item 1 and in the Capital Management portion of the Risk Management section in Item 7 of this Report for additional discussion on these capital ratios.
(i) See additional information on the pro forma ratios, the 2015 Transitional Basel III ratio and Basel I ratios in the Statistical Information (Unaudited) section in Item 8 of this Report.
(j) Pro forma ratios as of December 31, 2016, December 31, 2015, December 31, 2014 and December 31, 2013 were calculated under the standardized approach and the pro forma ratio as of December 31, 2012 was calculated under the advanced approaches.
The 2012 and 2013 ratios have not been updated to reflect the first quarter 2014 adoption of ASU 2014-01 related to investments in low income housing tax credits.
WASTE MANAGEMENT, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) We are still negotiating and litigating final resolutions of our withdrawal liability for certain previous withdrawals.
Except in the case of our withdrawals from the Central States Pension Plan, we do not believe any additional liability above the charges we have already recognized for such previous withdrawals could be material to the Company’s business, financial condition, liquidity, results of operations or cash flows.
In addition to charges recognized in prior years, we currently estimate that we could incur up to approximately $40 million in future charges based on demands from representatives of the Central States Pension Plan.
As a result, we do not anticipate that the final resolution of the Central States Pension Plan matter could be material to the Company’s business, financial condition or liquidity; however, such loss could have a material adverse effect on our cash flows and, to a lesser extent, our results of operations, for a particular reporting period.
Similarly, we also do not believe that any future withdrawals, individually or in the aggregate, from the multiemployer pension plans to which we contribute, could have a material adverse effect on our business, financial condition or liquidity.
However, such withdrawals could have a material adverse effect on our results of operations or cash flows for a particular reporting period, depending on the number of employees withdrawn in any future period and the financial condition of the multiemployer pension plan(s) at the time of such withdrawal(s).
Tax Matters — We participate in the IRS’s Compliance Assurance Process, which means we work with the IRS throughout the year in order to resolve any material issues prior to the filing of our annual tax return.
We are currently in the examination phase of IRS audits for the tax years 2013, 2014 and 2015 and expect these audits to be completed within the next three, 15 and 27 months, respectively.
We are also currently undergoing audits by various state and local jurisdictions for tax years that date back to 2009, with the exception of affirmative claims in a limited number of jurisdictions that date back to 2000.
We are also under audit in Canada for the tax years 2012 and 2013.
In 2011, we acquired Oakleaf, which is subject to potential IRS examination for the year 2011.
Pursuant to the terms of our acquisition of Oakleaf, we are entitled to indemnification for Oakleaf’s preacquisition period tax liabilities.
We maintain a liability for uncertain tax positions, the balance of which management believes is adequate.
Results of audit assessments by taxing authorities are not currently expected to have a material adverse impact on our results of operations or cash flows.12.
Restructuring The following table summarizes pre-tax restructuring charges, including employee severance and benefit costs and other charges, for the years ended December 31 for the respective periods (in millions):
## Table 2 ##
2014 Restructuring — In August 2014, we announced a consolidation and realignment of several Corporate functions to better support achievement of the Company’s strategic goals, including cost reduction.
Voluntary separation arrangements were offered to all salaried employees within these organizations.
Approximately 650 employees have separated from our Corporate and recycling organizations in connection with this restructuring, but we do not anticipate that all of these positions will be permanently eliminated.
During the year ended December 31, 2014 we recognized a total of $82 million of pre-tax restructuring charges, of which $70 million was related to employee severance and benefit costs.
The remaining charges were primarily related to operating lease obligations for property that will no longer be utilized.
We do not expect to incur any material charges associated with our 2014 restructuring in future periods.

Tables referenced above, in order (Table 0 first):
<table><tr><td>Dollars in billions</td><td>December 31 2013</td><td>December 312012</td></tr><tr><td>Net outstanding standby letters of credit (a)</td><td>$10.5</td><td>$11.5</td></tr><tr><td>Internal credit ratings (as a percentage of portfolio):</td><td></td><td></td></tr><tr><td>Pass (b)</td><td>96%</td><td>95%</td></tr><tr><td>Below pass (c)</td><td>4%</td><td>5%</td></tr></table>
<table><tr><td></td><td colspan="5">At or for the year ended December 31</td></tr><tr><td>Dollars in millions, except as noted</td><td>2016</td><td>2015</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td> BALANCESHEETHIGHLIGHTS</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Assets</td><td>$366,380</td><td>$358,493</td><td>$345,072</td><td>$320,192</td><td>$305,029</td></tr><tr><td>Loans (a)</td><td>$210,833</td><td>$206,696</td><td>$204,817</td><td>$195,613</td><td>$185,856</td></tr><tr><td>Allowance for loan and lease losses</td><td>$2,589</td><td>$2,727</td><td>$3,331</td><td>$3,609</td><td>$4,036</td></tr><tr><td>Interest-earning deposits with banks (b)</td><td>$25,711</td><td>$30,546</td><td>$31,779</td><td>$12,135</td><td>$3,984</td></tr><tr><td>Investment securities</td><td>$75,947</td><td>$70,528</td><td>$55,823</td><td>$60,294</td><td>$61,406</td></tr><tr><td>Loans held for sale (a)</td><td>$2,504</td><td>$1,540</td><td>$2,262</td><td>$2,255</td><td>$3,693</td></tr><tr><td>Equity investments (c)</td><td>$10,728</td><td>$10,587</td><td>$10,728</td><td>$10,560</td><td>$10,799</td></tr><tr><td>Mortgage servicing rights</td><td>$1,758</td><td>$1,589</td><td>$1,351</td><td>$1,636</td><td>$1,071</td></tr><tr><td>Goodwill</td><td>$9,103</td><td>$9,103</td><td>$9,103</td><td>$9,074</td><td>$9,072</td></tr><tr><td>Other assets (a)</td><td>$27,506</td><td>$26,566</td><td>$28,180</td><td>$28,191</td><td>$27,964</td></tr><tr><td>Noninterest-bearing deposits</td><td>$80,230</td><td>$79,435</td><td>$73,479</td><td>$70,306</td><td>$69,980</td></tr><tr><td>Interest-bearing deposits</td><td>$176,934</td><td>$169,567</td><td>$158,755</td><td>$150,625</td><td>$143,162</td></tr><tr><td>Total deposits</td><td>$257,164</td><td>$249,002</td><td>$232,234</td><td>$220,931</td><td>$213,142</td></tr><tr><td>Borrowed funds (a) (d)</td><td>$52,706</td><td>$54,532</td><td>$56,768</td><td>$46,105</td><td>$40,907</td></tr><tr><td>Total shareholders’ equity</td><td>$45,699</td><td>$44,710</td><td>$44,551</td><td>$42,334</td><td>$38,948</td></tr><tr><td>Common shareholders’ equity</td><td>$41,723</td><td>$41,258</td><td>$40,605</td><td>$38,392</td><td>$35,358</td></tr><tr><td>Accumulated other comprehensive income (loss)</td><td>$-265</td><td>$130</td><td>$503</td><td>$436</td><td>$834</td></tr><tr><td> CLIENTINVESTMENTASSETS(billions) </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Discretionary client assets under management</td><td>$137</td><td>$134</td><td>$135</td><td>$127</td><td>$112</td></tr><tr><td>Nondiscretionary client assets under administration</td><td>129</td><td>125</td><td>128</td><td>120</td><td>112</td></tr><tr><td>Total client assets under administration (e)</td><td>266</td><td>259</td><td>263</td><td>247</td><td>224</td></tr><tr><td>Brokerage account client assets</td><td>44</td><td>43</td><td>43</td><td>41</td><td>38</td></tr><tr><td>Total</td><td>$310</td><td>$302</td><td>$306</td><td>$288</td><td>$262</td></tr><tr><td> SELECTEDRATIOS</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net interest margin (f)</td><td>2.73%</td><td>2.74%</td><td>3.08%</td><td>3.57%</td><td>3.94%</td></tr><tr><td>Noninterest income to total revenue</td><td>45%</td><td>46%</td><td>45%</td><td>43%</td><td>38%</td></tr><tr><td>Efficiency</td><td>62%</td><td>62%</td><td>62%</td><td>60%</td><td>68%</td></tr><tr><td>Return on</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Average common shareholders’ equity</td><td>8.85%</td><td>9.50%</td><td>9.91%</td><td>10.85%</td><td>8.29%</td></tr><tr><td>Average assets</td><td>1.10%</td><td>1.17%</td><td>1.28%</td><td>1.38%</td><td>1.02%</td></tr><tr><td>Loans to deposits</td><td>82%</td><td>83%</td><td>88%</td><td>89%</td><td>87%</td></tr><tr><td>Dividend payout</td><td>29.0%</td><td>27.0%</td><td>25.3%</td><td>23.1%</td><td>29.1%</td></tr><tr><td>Transitional Basel III common equity Tier 1 capital ratio (g) (h) (i)</td><td>10.6%</td><td>10.6%</td><td>10.9%</td><td>N/A</td><td>N/A</td></tr><tr><td>Transitional Basel III Tier 1 risk-based capital ratio (g) (h) (i)</td><td>12.0%</td><td>12.0%</td><td>12.6%</td><td>N/A</td><td>N/A</td></tr><tr><td>Pro forma fullyphased-inBasel III common equity Tier 1 capital ratio (Non-GAAP)(h) (i) (j)</td><td>10.0%</td><td>10.0%</td><td>10.0%</td><td>9.4%</td><td>7.5%</td></tr><tr><td>Basel I Tier 1 common capital ratio (i)</td><td>N/A</td><td>N/A</td><td>N/A</td><td>10.5%</td><td>9.6%</td></tr><tr><td>Basel I Tier 1 risk-based capital ratio (i)</td><td>N/A</td><td>N/A</td><td>N/A</td><td>12.4%</td><td>11.6%</td></tr><tr><td>Common shareholders’ equity to total assets</td><td>11.4%</td><td>11.5%</td><td>11.8%</td><td>12.0%</td><td>11.6%</td></tr><tr><td>Average common shareholders’ equity to average assets</td><td>11.5%</td><td>11.5%</td><td>12.1%</td><td>11.9%</td><td>11.5%</td></tr><tr><td> SELECTEDSTATISTICS</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Employees</td><td>52,006</td><td>52,513</td><td>53,587</td><td>54,433</td><td>56,285</td></tr><tr><td>Retail Banking branches</td><td>2,520</td><td>2,616</td><td>2,697</td><td>2,714</td><td>2,881</td></tr><tr><td>ATMs</td><td>9,024</td><td>8,956</td><td>8,605</td><td>7,445</td><td>7,282</td></tr><tr><td>Residential mortgage servicing portfolio – Serviced for Third Parties (in billions)</td><td>$125</td><td>$123</td><td>$108</td><td>$114</td><td>$119</td></tr><tr><td>Commercial loan servicing portfolio – Serviced for PNC and Others (inbillions)</td><td>$487</td><td>$447</td><td>$377</td><td>$347</td><td>$322</td></tr></table>
<table><tr><td></td><td> 2014</td><td> 2013</td><td> 2012</td></tr><tr><td>Solid Waste</td><td>$10</td><td>$7</td><td>$19</td></tr><tr><td>Wheelabrator</td><td>1</td><td>1</td><td>3</td></tr><tr><td>Corporate and Other</td><td>71</td><td>10</td><td>45</td></tr><tr><td></td><td>$82</td><td>$18</td><td>$67</td></tr></table>

Question: what was the change in billions in remarketing programs between december 31 , 2013 and december 31 , 2012?
Answer: 0.9
Reasoning program: subtract(7.5,6.6)