NOTES TO CONSOLIDATED FINANCIAL STATEMENTS instruments and certain other items at fair value, on an instrument-by-instrument basis.
Once an entity has elected to record eligible items at fair value, the decision is irrevocable and the entity should report unrealized gains and losses on items for which the fair value option has been elected in earnings.
On January 1, 2008, upon adoption of this Statement, the Bancorp elected to prospectively measure at fair value, residential mortgage loans originated on or after January 1, 2008 that have a designation as held for sale.
Prior to the Bancorp's adoption of SFAS No.159 for residential mortgage loans held for sale, mortgage loan origination fees and costs were capitalized as part of the carrying amount of the loan and recognized as a reduction of mortgage banking net revenue upon the sale of the loans.
Subsequent to the adoption, mortgage loan origination costs are recognized as an expense when incurred and included in noninterest expense within the Consolidated Statements of Income.
For the year ended December 31, 2008, the adoption of SFAS No.159 resulted in the recognition of approximately $65 million in mortgage loan origination fees and costs in noninterest expense.
In December 2007, the FASB issued SFAS No.141(R), “Business Combinations” which supercedes SFAS No.141, “Business Combinations. "
This Statement retains the fundamental requirements in SFAS No.141 that the acquisition method of accounting (formerly referred to as purchase method) be used for all business combinations and that an acquirer be identified for each business combination.
This Statement defines the acquirer as the entity that obtains control of one or more businesses in the business combination and establishes the acquisition date as of the date that the acquirer achieves control.
This Statement requires an acquirer to recognize the assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree at the acquisition date, measured at their fair values.
This Statement requires the acquirer to generally recognize acquisition-related costs and restructuring costs separately from the business combination as period expenses.
The Bancorp's adoption of this statement will impact the accounting and reporting of business combinations for which the acquisition date is on or after January 1, 2009.
In December 2007, the FASB issued SFAS No.160, "Noncontrolling Interests in Consolidated Financial Statements - an Amendment to ARB No.51. "
This Statement establishes new accounting and reporting standards that require the ownership interests in subsidiaries held by parties other than the parent be clearly identified, labeled, and presented in the consolidated statement of financial position within equity, but separate from the parent's equity.
The Statement also requires the amount of consolidated net income attributable to the parent and to the noncontrolling interest be clearly identified and presented on the face of the consolidated statement of income.
In addition, when a subsidiary is deconsolidated, any retained noncontrolling equity investment in the former subsidiary shall be initially measured at fair value, with the gain or loss on the deconsolidation of the subsidiary measured using the fair value of any noncontrolling equity investment rather than the carrying amount of that retained investment.
SFAS No.160 also clarifies that changes in a parent's ownership interest in a subsidiary that do not result in deconsolidation are equity transactions if the parent retains its controlling financial interest.
The Statement also includes expanded disclosure requirements regarding the interests of the parent and its noncontrolling interest.
The adoption of this Statement on January 1, 2009 will not have a material impact on the Bancorp’s Consolidated Financial Statements.
In March 2008, the FASB issued SFAS No.161, "Disclosures about Derivative Instruments and Hedging Activities - an Amendment of FASB Statement 133".
This Statement enhances required disclosures regarding derivatives and hedging activities, including enhanced disclosures regarding how: (a) an entity uses derivative instruments; (b) derivative instruments and related hedged items are accounted for under SFAS No.133, "Accounting for Derivative Instruments and Hedging Activities"; and (c) derivative instruments and related hedged items affect an entity's financial position, financial performance, and cash flows.
SFAS No.161 is effective for fiscal years and interim periods beginning after November 15, 2008.
In November 2007, the SEC issued Staff Accounting Bulletin (SAB) No.109, "Written Loan Commitments Recorded at Fair Value through Earnings. "
This SAB supersedes SAB No.105, "Application of Accounting Principles to Loan Commitments", and expresses the current view of the staff that, consistent with guidance in SFAS No.156 and No.159, the expected net future cash flows related to the associated servicing of a loan should be included in the measurement of all written loan commitments that are accounted for at fair value through earnings.
Additionally, this SAB expands the SAB No.105 view that internally-developed intangible assets should not be recorded as part of the fair value for any written loan commitments that are accounted for at fair value through earnings.
The adoption of SAB No.109 on January 1, 2008 did not have a material impact on the Bancorp’s Consolidated Financial Statements.
In June 2008, the FASB issued FSP No.
EITF 03-6-1, "Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities. "
This FSP provides that unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and shall be included in the computation of earnings per share pursuant to the two-class method described in paragraphs 60 and 61 of SFAS No.128, "Earnings per Share".
This FSP is effective for financial statements issued for fiscal years beginning after December 15, 2008, and interim periods within those years.
All prior-period earnings per share data presented will be adjusted retrospectively (including interim financial statements, summaries of earnings, and selected financial data) to conform with the provisions of this FSP.
Early application is not permitted.
The Bancorp's adoption of this FSP on January 1, 2009 will result in a retrospective adjustment of earnings per share previously reported in 2008.
Upon applying this FSP in 2009, the Bancorp's basic and diluted earnings per share for the years ended December 31, 2008, 2007 and 2006 will be adjusted as follows:
## Table 0 ##
In July 2006, the FASB issued Interpretation (FIN) No.48, “Accounting for Uncertainty in Income Taxes - An Interpretation of FASB Statement No.109.
” This Interpretation clarifies the accounting for uncertainty in income taxes recognized in accordance with SFAS No.109, “Accounting for Income Taxes.
” This Interpretation also prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return.
This Interpretation also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.
The evaluation of a tax position in accordance with this Interpretation is a two-step process.
The first step is a recognition process to determine whether it is more-likely-than-not that a tax position will be sustained upon examination, including resolution of any related
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 96 Fifth Third Bancorp Financial Instruments Pertaining to SFAS No.107, "Disclosures about Fair Value of Financial Instruments" The following table summarizes carrying amounts and estimated fair values for certain financial instruments, excluding financial instruments recorded at fair value on a recurring basis at December 31:
## Table 1 ##
a) Includes FHLB and FRB restricted stock.
(b) Excludes residential mortgage loans measured at fair value on a recurring basis in accordance with SFAS No.159 at December 31, 2008.
Short-term financial assets, other securities and liabilities For financial instruments with a short-term or no stated maturity, prevailing market rates and limited credit risk, carrying amounts approximate fair value.
Those financial instruments include cash and due from banks, FHLB and FRB restricted stock, other short-term investments, certain deposits (demand, interest checking, savings, money market and foreign office deposits), and federal funds purchased.
Fair values for other time deposits, certificates of deposit $100,000 and over, and other short-term borrowings were estimated using a discounted cash flow calculation that applied prevailing LIBOR/swap interest rates for the same maturities.
Held-to-maturity securities The Bancorp's held-to-maturity securities are primarily composed of instruments that provide income tax credits as the economic return on the investment.
The fair value of these instruments is estimated based on current U. S.  Treasury tax credit rates.
Loans held for sale Fair values for commercial loans held for sale were valued based on executable broker quotes when available, or on the fair value of the underlying collateral.
Based upon the timing of the transfer of the commercial loans to held for sale, current carrying values approximate fair value as of December 31, 2008.
Fair values for other consumer loans held for sale are based on contractual values upon which the loans may be sold to a third party, and approximate their carrying value as of December 31, 2008 and 2007.
Portfolio loans and leases, net Fair values were estimated by discounting future cash flows using the current market rates as similar loans would be made to borrowers for the same remaining maturities.
Long-term debt Fair value of long-term debt was based on quoted market prices, when available, or a discounted cash flow calculation using LIBOR/swap interest rates and, in some cases, a spread for new issues for borrowings of similar terms.
ANNUAL REPORT ON FORM 10-K PART II ITEM 5.
MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES The information required by this item is included in the Corporate Information found on the inside of the back cover and in the discussion of dividend limitations that the subsidiaries can pay to the Bancorp discussed in Note 26 of the
## Table 2 ##
(a) The Bancorp repurchased 25,394, 7,526 and 40 shares during October, November and December of 2008 in connection with various employee compensation plans of the Bancorp.
These purchases are not included against the maximum number of shares that may yet be purchased under the Board of Directors authorization.
Notes to the Consolidated Financial Statements.
Additionally, as of December 31, 2008, the Bancorp had approximately 60,025 shareholders of record.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td> As Reported</td><td> Upon Adoption of FSP EITF 03-6-1</td></tr><tr><td> 2008</td><td></td><td></td></tr><tr><td> Earnings Per Share</td><td> $-3.94</td><td> $-3.91</td></tr><tr><td> Earnings Per Diluted Share</td><td> -3.94</td><td> -3.91</td></tr><tr><td>2007</td><td></td><td></td></tr><tr><td>Earnings Per Share</td><td>$2.00</td><td>$1.99</td></tr><tr><td>Earnings Per Diluted Share</td><td>1.99</td><td>1.98</td></tr><tr><td>2006</td><td></td><td></td></tr><tr><td>Earnings Per Share</td><td>$2.14</td><td>$2.13</td></tr><tr><td>Earnings Per Diluted Share</td><td>2.13</td><td>2.12</td></tr></table>
<table><tr><td></td><td colspan="2"> 2008</td><td colspan="2">2007</td></tr><tr><td>($ in millions)</td><td> Carrying Amount</td><td> Fair Value</td><td>CarryingAmount</td><td>FairValue</td></tr><tr><td>Financial assets:</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and due from banks</td><td> $2,739</td><td> 2,739</td><td>2,660</td><td>2,660</td></tr><tr><td>Other securities<i>(a)</i></td><td> 797</td><td> 797</td><td>722</td><td>722</td></tr><tr><td>Held-to-maturity securities</td><td> 360</td><td> 360</td><td>355</td><td>355</td></tr><tr><td>Other short-term investments</td><td> 3,578</td><td> 3,578</td><td>620</td><td>620</td></tr><tr><td>Loans held for sale<i>(b)</i></td><td> 571</td><td> 571</td><td>4,329</td><td>4,371</td></tr><tr><td>Portfolio loans and leases, net<i>(b)</i></td><td> 81,349</td><td> 74,234</td><td>79,316</td><td>79,600</td></tr><tr><td>Financial liabilities:</td><td></td><td></td><td></td><td></td></tr><tr><td>Deposits</td><td> 78,613</td><td> 79,145</td><td>75,445</td><td>75,512</td></tr><tr><td>Federal funds purchased</td><td> 287</td><td> 287</td><td>4,427</td><td>4,427</td></tr><tr><td>Other short-term borrowings</td><td> 9,959</td><td> 9,969</td><td>4,747</td><td>4,747</td></tr><tr><td>Long-term debt</td><td> 13,585</td><td> 11,022</td><td>12,857</td><td>13,298</td></tr></table>
<table><tr><td>Period</td><td>SharesPurchased(a)</td><td>AveragePricePaid PerShare</td><td>SharesPurchasedas Part ofPubliclyAnnouncedPlans orPrograms</td><td>MaximumShares thatMay BePurchasedUnder thePlans orPrograms</td></tr><tr><td>October 2008</td><td>25,394</td><td>$-</td><td>-</td><td>19,201,518</td></tr><tr><td>November 2008</td><td>7,526</td><td>-</td><td>-</td><td>19,201,518</td></tr><tr><td>December 2008</td><td>40</td><td>-</td><td>-</td><td>19,201,518</td></tr><tr><td>Total</td><td>32,960</td><td>$-</td><td>-</td><td>19,201,518</td></tr></table>

Question: What's the average of the Earnings Per Share for As Reported in the years where Held-to-maturity securities for Financial assets for Carrying Amount is positive?
Answer: -0.97
Reasoning program: add(-3.94,2.00), divide(#0,2)