The following table presents certain regulatory capital data at both the consolidated and Bank levels for the past five years: Table 36 - Regulatory Capital Data
## Table 0 ##
The decrease in our consolidated Tier 1 and Total risk-based capital ratios compared with December 31, 2011, primarily reflected an increase in risk-weighted assets of $1.9 billion, the redemption of $230.3 million in trust preferred securities, the repurchase of 23.3 million common shares, and the impacts related to the payments of dividends, partially offset by an increase in retained earnings and a reduction in the disallowed deferred tax asset.
Shareholders’ Equity We generate shareholders’ equity primarily through earnings, net of dividends.
Other potential sources of shareholders’ equity include issuances of common and preferred stock.
Our objective is to maintain capital at an amount commensurate with our risk profile and risk tolerance objectives, to meet both regulatory and market expectations, and to provide the flexibility needed for future growth and business opportunities.
Shareholders’ equity totaled $5.8 billion at December 31, 2012, representing a $0.4 billion, or 7%, increase compared with December 31, 2011, primarily due to an increase in retained earnings.
Dividends We consider disciplined capital management as a key objective, with dividends representing one component.
Our strong capital ratios and expectations for continued earnings growth positions us to continue to actively explore additional capital management opportunities.
On January 17, 2013, our board of directors declared a quarterly cash dividend of $0.04 per common share, payable in April 2013.
Cash dividends of $0.04 per common share were also declared on January 19, 2012, April 18, 2012, July 19, 2012, and October 18, 2012.
Our 2012 capital plan to the FRB (see Capital Planning section above) included the continuation of our current common dividend through the 2013 first quarter.
On January 17, 2013, our board of directors also declared a quarterly cash dividend on our 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock of $21.25 per share.
The dividend is payable in April 2013.
Cash dividends of $21.25 per share were also declared on January 19, 2012, April 28, 2012, July 19, 2012, and October 18, 2012.
On January 17, 2013, our board of directors also declared a quarterly cash dividend on our Floating Rate Series B NonCumulative Perpetual Preferred Stock of $7.51 per share.
The dividend is payable in April 2013.
Cash dividends of $7.89 per share, $7.92 per share, $8.18 per share, and $7.60 per share were also declared on January 19, 2012, April 28, 2012, July 19, 2012, and October 18, 2012, respectively.
LOW INCOME HOUSING TAX CREDIT PARTNERSHIPS Huntington makes certain equity investments in various limited partnerships that sponsor affordable housing projects utilizing the Low Income Housing Tax Credit (LIHTC) pursuant to Section 42 of the Internal Revenue Code.
The purpose of these investments is to achieve a satisfactory return on capital, to facilitate the sale of additional affordable housing product offerings, and to assist in achieving goals associated with the Community Reinvestment Act.
The primary activities of the limited partnerships include the identification, development, and operation of multi family housing that is leased to qualifying residential tenants.
Generally, these types of investments are funded through a combination of debt and equity.
Huntington is a limited partner in each Low Income Housing Tax Credit Partnership.
A separate unrelated third party is the general partner.
Each limited partnership is managed by the general partner, who exercises full and exclusive control over the affairs of the limited partnership.
The general partner has all the rights, powers and authority granted or permitted to be granted to a general partner of a limited partnership under the Ohio Revised Uniform Limited Partnership Act.
Duties entrusted to the general partner of each limited partnership include, but are not limited to: investment in operating companies, company expenditures, investment of excess funds, borrowing funds, employment of agents, disposition of fund property, prepayment and refinancing of liabilities, votes and consents, contract authority, disbursement of funds, accounting methods, tax elections, bank accounts, insurance, litigation, cash reserve, and use of working capital reserve funds.
Except for limited rights granted to consent to certain transactions, the limited partner(s) may not participate in the operation, management, or control of the limited partnership's business, transact any business in the limited partnership's name or have any power to sign documents for or otherwise bind the limited partnership.
In addition, the general partner may only be removed by the limited partner(s) in the event the general partner fails to comply with the terms of the agreement and/or is negligent in performing its duties.
Huntington believes the general partner of each limited partnership has the power to direct the activities which most significantly affect their performance of each partnership, therefore, Huntington has determined that it is not the primary beneficiary of any LIHTC partnership.
Huntington uses the equity or effective yield method to account for its investments in these entities.
These investments are included in accrued income and other assets.
At December 31, 2013 and 2012, Huntington has commitments of $556.9 million (net of amortization: $390.6) and $532.1 million (net of amortization: $391.9), respectively, of which $412.5 million and $380.0 million, respectively, were funded.
The unfunded portion is included in accrued expenses and other liabilities.22.
COMMITMENTS AND CONTINGENT LIABILITIES Commitments to extend credit In the ordinary course of business, Huntington makes various commitments to extend credit that are not reflected in the Consolidated Financial Statements.
The contract amounts of these financial agreements at December 31, 2013, and December 31, 2012, were as follows:
## Table 1 ##
Commitments to extend credit generally have fixed expiration dates, are variable-rate, and contain clauses that permit Huntington to terminate or otherwise renegotiate the contracts in the event of a significant deterioration in the customer’s credit quality.
These arrangements normally require the payment of a fee by the customer, the pricing of which is based on prevailing market conditions, credit quality, probability of funding, and other relevant factors.
Since many of these commitments are expected to expire without being drawn upon, the contract amounts are not necessarily indicative of future cash requirements.
The interest rate risk arising from these financial instruments is insignificant as a result of their predominantly short-term, variable-rate nature.
Standby letters-of-credit are conditional commitments issued to guarantee the performance of a borrower to a third party.
These guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing, and similar transactions.
Most of these arrangements mature within two years.
The carrying amount of deferred revenue associated with these guarantees was $2.1 million and $1.4 million at December 31, 2013 and 2012, respectively.
(c) The cash payments are interest payments on the associated debt obligations discussed above.
After formation of the 2015 Financing Entities, the payments represent interest paid on Nonrecourse financial liabilities of special purpose entities.
In connection with the acquisition of Temple-Inland in February 2012, two special purpose entities became wholly-owned subsidiaries of International Paper.
The use of the two wholly-owned special purpose entities discussed below preserved the tax deferral that resulted from the 2007 Temple-Inland timberlands sales.
The Company recognized an $840 million deferred tax liability in connection with the 2007 sales, which will be settled with the maturity of the notes in 2027.
In October 2007, Temple-Inland sold 1.55 million acres of timberland for $2.38 billion.
The total consideration consisted almost entirely of notes due in 2027 issued by the buyer of the timberland, which Temple-Inland contributed to two wholly-owned, bankruptcy-remote special purpose entities.
The notes are shown in Financial assets of special purpose entities in the accompanying consolidated balance sheet and are supported by $2.38 billion of irrevocable letters of credit issued by three banks, which are required to maintain minimum credit ratings on their long-term debt.
In the third quarter of 2012, International Paper completed its preliminary analysis of the acquisition date fair value of the notes and determined it to be $2.09 billion.
As of December 31, 2015 and 2014, the fair value of the notes was $2.10 billion and $2.27 billion, respectively.
These notes are classified as Level 2 within the fair value hierarchy, which is further defined in Note 14.
In December 2007, Temple-Inland's two wholly-owned special purpose entities borrowed $2.14 billion shown in Nonrecourse financial liabilities of special purpose entities.
The loans are repayable in 2027 and are secured only by the $2.38 billion of notes and the irrevocable letters of credit securing the notes and are nonrecourse to us.
The loan agreements provide that if a credit rating of any of the banks issuing the letters of credit is downgraded below the specified threshold, the letters of credit issued by that bank must be replaced within 30 days with letters of credit from another qualifying financial institution.
In the third quarter of 2012, International Paper completed its preliminary analysis of the acquisition date fair value of the borrowings and determined it to be $2.03 billion.
As of December 31, 2015 and 2014, the fair value of this debt was $1.97 billion and $2.16 billion, respectively.
This debt is classified as Level 2 within the fair value hierarchy, which is further defined in Note 14.
Activity between the Company and the 2007 financing entities was as follows:
## Table 2 ##
(a) The revenue is included in Interest expense, net in the accompanying consolidated statement of operations and includes approximately $19 million, $19 million and $19 million for the years ended December 31, 2015, 2014 and 2013, respectively, of accretion income for the amortization of the purchase accounting adjustment on the Financial assets of special purpose entities.
(b) The expense is included in Interest expense, net in the accompanying consolidated statement of operations and includes approximately $7 million, $7 million and $7 million for the years ended December 31, 2015, 2014 and 2013, respectively, of accretion expense for the amortization of the purchase accounting adjustment on the Nonrecourse financial liabilities of special purpose entities.
(c) The cash receipts are interest received on the Financial assets of special purpose entities.
(d) The cash payments are interest paid on Nonrecourse financial liabilities of special purpose entities.
NOTE 13 DEBT AND LINES OF CREDIT In 2015, International Paper issued $700 million of 3.80% senior unsecured notes with a maturity date in 2026, $600 million of 5.00% senior unsecured notes with a maturity date in 2035, and $700 million of 5.15% senior unsecured notes with a maturity date in 2046.
The proceeds from this borrowing were used to repay approximately $1.0 billion of notes with interest rates ranging from 4.75% to 9.38% and original maturities from 2018 to 2022, along with $211 million of cash premiums associated with the debt repayments.
Additionally, the proceeds from this borrowing were used to make a $750 million voluntary cash contribution to the Company's pension plan.
Pre-tax early debt retirement costs of $207 million related to the debt repayments, including the $211 million of cash premiums, are included in restructuring and other charges in the accompanying consolidated statement of operations for the twelve months ended December 31, 2015.
During the second quarter of 2014, International Paper issued $800 million of 3.65% senior unsecured notes with a maturity date in 2024 and $800 million of 4.80% senior unsecured notes with a maturity date in 2044.
The proceeds from this borrowing were used to repay approximately $960 million of notes with interest rates ranging from 7.95% to 9.38% and original maturities from 2018 to 2019.
Pre-tax early debt retirement costs of $262 million related to these debt repayments, including $258 million of cash premiums, are included in Restructuring and other charges in the accompanying consolidated statement of operations for the twelve months ended December 31, 2014.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td></td><td colspan="5"> At December 31, </td></tr><tr><td> <i>(dollar amounts in millions)</i> </td><td></td><td>2012</td><td>2011</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>Total risk-weighted assets</td><td>Consolidated</td><td>$47,773</td><td>$45,891</td><td>$43,471</td><td>$42,816</td><td>$46,994</td></tr><tr><td></td><td>Bank</td><td>47,676</td><td>45,651</td><td>43,281</td><td>43,149</td><td>46,477</td></tr><tr><td>Tier 1 risk-based capital</td><td>Consolidated</td><td>5,741</td><td>5,557</td><td>5,022</td><td>5,201</td><td>5,036</td></tr><tr><td></td><td>Bank</td><td>5,003</td><td>4,245</td><td>3,683</td><td>2,873</td><td>2,995</td></tr><tr><td>Tier 2 risk-based capital</td><td>Consolidated</td><td>1,187</td><td>1,221</td><td>1,263</td><td>1,030</td><td>1,499</td></tr><tr><td></td><td>Bank</td><td>1,091</td><td>1,508</td><td>1,866</td><td>1,907</td><td>1,983</td></tr><tr><td>Total risk-based capital</td><td>Consolidated</td><td>6,928</td><td>6,778</td><td>6,285</td><td>6,231</td><td>6,535</td></tr><tr><td></td><td>Bank</td><td>6,094</td><td>5,753</td><td>5,549</td><td>4,780</td><td>4,978</td></tr><tr><td>Tier 1 leverage ratio</td><td>Consolidated</td><td>10.36%</td><td>10.28%</td><td>9.41%</td><td>10.09%</td><td>9.82%</td></tr><tr><td></td><td>Bank</td><td>9.05</td><td>7.89</td><td>6.97</td><td>5.59</td><td>5.99</td></tr><tr><td>Tier 1 risk-based capital ratio</td><td>Consolidated</td><td>12.02</td><td>12.11</td><td>11.55</td><td>12.15</td><td>10.72</td></tr><tr><td></td><td>Bank</td><td>10.49</td><td>9.30</td><td>8.51</td><td>6.66</td><td>6.44</td></tr><tr><td>Total risk-based capital ratio</td><td>Consolidated</td><td>14.50</td><td>14.77</td><td>14.46</td><td>14.55</td><td>13.91</td></tr><tr><td></td><td>Bank</td><td>12.78</td><td>12.60</td><td>12.82</td><td>11.08</td><td>10.71</td></tr></table>
<table><tr><td></td><td colspan="2">At December 31,</td></tr><tr><td><i>(dollar amounts in thousands)</i></td><td> 2013</td><td>2012</td></tr><tr><td> Contract amount represents credit risk</td><td></td><td></td></tr><tr><td>Commitments to extend credit</td><td></td><td></td></tr><tr><td>Commercial</td><td>$10,198,327</td><td>$9,209,094</td></tr><tr><td>Consumer</td><td>6,544,606</td><td>6,189,447</td></tr><tr><td>Commercial real estate</td><td>765,982</td><td>797,605</td></tr><tr><td>Standby letters of credit</td><td>439,834</td><td>514,705</td></tr></table>
<table><tr><td>In millions</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>Revenue (a)</td><td>$27</td><td>$26</td><td>$27</td></tr><tr><td>Expense (b)</td><td>27</td><td>25</td><td>29</td></tr><tr><td>Cash receipts (c)</td><td>7</td><td>7</td><td>8</td></tr><tr><td>Cash payments (d)</td><td>18</td><td>18</td><td>21</td></tr></table>

Question: what was the ratio of the fair value of international paper completed preliminary analysis of the acquisition date fair value of the borrowings in 2015 compared to 2014
Answer: 0.91204
Reasoning program: divide(1.97,2.16)