The most recent credit ratings for the parent company and the Bank are as follows: Table 47 — Credit Ratings
## Table 0 ##
During 2009, all three rating agencies lowered their credit ratings for both the parent company and the Bank.
The credit ratings to senior unsecured notes, subordinated notes, and short-term debt were changed.
The above table reflects these changes.
During the 2009 third quarter, Fitch Ratings reaffirmed the ratings given to both the parent company and the Bank.
The FHLB uses the Bank’s credit rating in its calculation of borrowing capacity.
As a result of these credit rating changes, the FHLB reduced our borrowing capacity by $370 million during the 2009 first quarter.
A security rating is not a recommendation to buy, sell, or hold securities, is subject to revision or withdrawal at any time by the assigning rating organization, and should be evaluated independently of any other rating.
Off-Balance Sheet Arrangements In the normal course of business, we enter into various off-balance sheet arrangements.
These arrangements include financial guarantees contained in standby letters of credit issued by the Bank and commitments by the Bank to sell mortgage loans.
Standby letters of credit are conditional commitments issued to guarantee the performance of a customer 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, and are expected to expire without being drawn upon.
Standby letters of credit are included in the determination of the amount of risk-based capital that the parent company, and the Bank, are required to hold.
Through our credit process, we monitor the credit risks of outstanding standby letters of credit.
When it is probable that a standby letter of credit will be drawn and not repaid in full, losses are recognized in the provision for credit losses.
At December 31, 2009, we had $0.6 billion of standby letters of credit outstanding, of which 60% were collateralized.
Included in this $0.6 billion total are letters of credit issued by the Bank that support securities that were issued by our customers and remarketed by The Huntington Investment Company (HIC), our broker-dealer subsidiary.
Due to the credit rating changes in 2009 noted above, and pursuant to the letters of credit issued by the Bank, the Bank repurchased substantially all of these securities, net of payments and maturities, during 2009.
As a result of these repurchases, only $32.3 million of these standby letters of credit remained outstanding at December 31, 2009.
We enter into forward contracts relating to the mortgage banking business to hedge the exposures we have from commitments to extend new residential mortgage loans to our customers and from our held-for-sale mortgage loans.
At December 31, 2009 and December 31, 2008, we had commitments to sell residential real estate loans of $662.9 million and $759.4 million, respectively.
These contracts mature in less than one year.
trust securities will also be deferred and Huntington’s ability to pay dividends on its common stock will be restricted.
Periodic cash payments and payments upon liquidation or redemption with respect to trust securities are guaranteed by Huntington to the extent of funds held by the trusts.
The guarantee ranks subordinate and junior in right of payment to all indebtedness of the company to the same extent as the junior subordinated debt.
The guarantee does not place a limitation on the amount of additional indebtedness that may be incurred by Huntington.
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 us 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 does not own a majority of the limited partnership interests in these entities and is not the primary beneficiary.
Huntington uses the equity method to account for the majority of its investments in these entities.
These investments are included in accrued income and other assets.
At December 31, 2009 and 2008, Huntington has commitments of $285.3 million and $216.2 million, respectively of which $192.7 million and $166.4 million, respectively are funded.
The unfunded portion is included in accrued expenses and other liabilities.24.
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 financial statements.
The contract amounts of these financial agreements at December 31, 2009 and December 31, 2008, 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, variablerate nature.
Standby letters of credit are conditional commitments issued to guarantee the performance of a customer 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 $2.8 million and $4.5 million at December 31, 2009 and 2008, respectively
$0.9 billion, or 87%, decline in trading account securities due to the reduction in the use of these securities to hedge MSRs.
The $1.6 billion, or 4%, increase in average total deposits reflected: ?
$2.9 billion, or 9%, growth in total core deposits, primarily reflecting increased sales efforts and initiatives for deposit accounts.
Partially offset by: ?
$1.4 billion, or 24%, decline in average noncore deposits, reflecting a managed decline in public fund deposits as well as planned efforts to reduce our reliance on noncore funding sources.2008 versus 2007 Fully-taxable equivalent net interest income for 2008 increased $231.1 million, or 18%, from 2007.
This reflected the favorable impact of a $8.4 billion, or 21%, increase in average earning assets, of which $7.8 billion represented an increase in average loans and leases, partially offset by a decrease in the fullytaxable net interest margin of 11 basis points to 3.25%.
The increase to average earning assets, and to average loans and leases, was primarily merger-related.
The following table details the estimated merger-related impacts on our reported loans and deposits: Table 8 — Average Loans/Leases and Deposits — Estimated Merger-Related Impacts — 2008 vs.  2007
## Table 2 ##
(1) Calculated as nonmerger-related / (prior period + merger-related).
Notes to Consolidated Financial Statements 82 minority partner approves the annual budget, receives a detailed monthly reporting package from us, meets with us on a quarterly basis to review the results of the joint venture, reviews and approves the joint venture’s tax return before filing, and approves all leases that cover more than a nominal amount of space relative to the total rentable space at each property we do not consolidate the joint venture as we consider these to be substantive participation rights.
Our joint venture agreements also contain certain protective rights such as the requirement of partner approval to sell, finance or refinance the property and the payment of capital expenditures and operating expenditures outside of the approved budget or operating plan.
The table below provides general information on each joint venture as of December 31, 2009 (in thousands):
## Table 3 ##
(1) Acquisition price represents the actual or implied purchase price for the joint venture.
(2) We acquired our interest from The McGraw-Hill Companies, or MHC.
MHC is a tenant at the property and accounted for approximately 14.7% of the property’s annualized rent at December 31, 2009.
We do not manage this joint venture.
(3) Under a tax protection agreement established to protect the limited partners of the partnership that transferred 1515 Broadway to the joint venture, the joint venture has agreed not to adversely affect the limited partners’ tax positions before December 2011.
One tenant, whose leases primarily ends in 2015, represents approximately 77.4% of this joint venture’s annualized rent at December 31, 2009.
(4) Effective November 2006, we deconsolidated this investment.
As a result of the recapitalization of the property, we were no longer the primary beneficiary.
Both partners had the same amount of equity at risk and neither partner controlled the joint venture.
(5) We invested approximately $109.5 million in this asset through the origination of a loan secured by up to 47% of the interests in the property’s ownership, with an option to convert the loan to an equity interest.
Certain existing members have the right to re-acquire approximately 4% of the property’s equity.
These interests were re-acquired in December 2008 and reduced our interest to 42.95% (6) Effective April 2007, we deconsolidated this investment.
As a result of the recapitalization of the property, we were no longer the primary beneficiary.
Both partners had the same amount of equity at risk and neither partner controlled the joint venture.
(7) We have the ability to syndicate our interest down to 14.79%.
(8) We, along with Gramercy, together as tenants-in-common, acquired a fee interest in 2 Herald Square.
The fee interest is subject to a long-term operating lease.
(9) We, along with Gramercy, together as tenants-in-common, acquired a fee and leasehold interest in 885 Third Avenue.
The fee and leasehold interests are subject to a long-term operating lease.
(10) We, along with Onyx acquired the remaining 50% interest on a pro-rata basis in September 2009.
(11) The property is subject to a 13-year triple-net lease arrangement with a single tenant.
(12) Effective May 2008, we deconsolidated this investment.
As a result of the recapitalization of the property, we were no longer the primary beneficiary.
Both partners had the same amount of equity at risk and neither partner controlled the joint venture.
(13) Effective August 2008, we deconsolidated this investment.
As a result of the sale of 80% of our interest, the joint venture was no longer a VIE.
(14) Effective September 2008, we deconsolidated this investment.
As a result of the recapitalization of the property, we were no longer the primary beneficiary.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="4"> December 31, 2009</td></tr><tr><td></td><td> Senior Unsecured   Notes</td><td> Subordinated   Notes</td><td> Short-Term</td><td> Outlook</td></tr><tr><td> Huntington Bancshares Incorporated</td><td></td><td></td><td></td><td></td></tr><tr><td>Moody’s Investor Service</td><td>Baa2</td><td>Baa3</td><td>P-2</td><td>Negative</td></tr><tr><td>Standard and Poor’s</td><td>BB+</td><td>BB</td><td>B</td><td>Negative</td></tr><tr><td>Fitch Ratings</td><td>BBB</td><td>BBB-</td><td>F2</td><td>Negative</td></tr><tr><td> The Huntington National Bank</td><td></td><td></td><td></td><td></td></tr><tr><td>Moody’s Investor Service</td><td>Baa1</td><td>Baa2</td><td>P-2</td><td>Negative</td></tr><tr><td>Standard and Poor’s</td><td>BBB-</td><td>BB+</td><td>A-3</td><td>Negative</td></tr><tr><td>Fitch Ratings</td><td>BBB+</td><td>BBB</td><td>F2</td><td>Negative</td></tr></table>
<table><tr><td></td><td colspan="2"> At December 31,</td></tr><tr><td></td><td> 2009</td><td> 2008</td></tr><tr><td colspan="3"> (In millions)</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>$5,834</td><td>$6,494</td></tr><tr><td>Consumer</td><td>5,028</td><td>4,964</td></tr><tr><td>Commercial real estate</td><td>1,075</td><td>1,951</td></tr><tr><td>Standby letters of credit</td><td>577</td><td>1,272</td></tr></table>
<table><tr><td></td><td colspan="2" rowspan="2" Twelve Months Ended   December 31,></td><td></td><td></td><td colspan="3">Change Attributable to:</td></tr><tr><td></td><td colspan="2">Change</td><td> Merger- </td><td colspan="2">Nonmerger-Related</td></tr><tr><td></td><td> 2008</td><td> 2007</td><td>Amount</td><td>Percent</td><td> Related</td><td>Amount</td><td>Percent-1</td></tr><tr><td colspan="8">(In millions)</td></tr><tr><td> Loans/Leases</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commercial and industrial</td><td>$13,588</td><td>$10,636</td><td>$2,952</td><td>27.8%</td><td>$2,388</td><td>$564</td><td>4.3%</td></tr><tr><td>Commercial real estate</td><td>9,732</td><td>6,807</td><td>2,925</td><td>43.0</td><td>1,986</td><td>939</td><td>10.7</td></tr><tr><td>Total commercial</td><td>23,320</td><td>17,443</td><td>5,877</td><td>33.7</td><td>4,374</td><td>1,503</td><td>6.9</td></tr><tr><td>Automobile loans and leases</td><td>4,527</td><td>4,118</td><td>409</td><td>9.9</td><td>216</td><td>193</td><td>4.5</td></tr><tr><td>Home equity</td><td>7,404</td><td>6,173</td><td>1,231</td><td>19.9</td><td>1,193</td><td>38</td><td>0.5</td></tr><tr><td>Residential mortgage</td><td>5,018</td><td>4,939</td><td>79</td><td>1.6</td><td>556</td><td>-477</td><td>-8.7</td></tr><tr><td>Other consumer</td><td>691</td><td>529</td><td>162</td><td>30.6</td><td>72</td><td>90</td><td>15.0</td></tr><tr><td>Total consumer</td><td>17,640</td><td>15,759</td><td>1,881</td><td>11.9</td><td>2,037</td><td>-156</td><td>-0.9</td></tr><tr><td>Total loans</td><td>$40,960</td><td>$33,202</td><td>$7,758</td><td>23.4%</td><td>$6,411</td><td>$1,347</td><td>3.4%</td></tr><tr><td> Deposits</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Demand deposits — noninterest-bearing</td><td>$5,095</td><td>$4,438</td><td>$657</td><td>14.8%</td><td>$915</td><td>$-258</td><td>-4.8%</td></tr><tr><td>Demand deposits — interest-bearing</td><td>4,003</td><td>3,129</td><td>874</td><td>27.9</td><td>730</td><td>144</td><td>3.7</td></tr><tr><td>Money market deposits</td><td>6,093</td><td>6,173</td><td>-80</td><td>-1.3</td><td>498</td><td>-578</td><td>-8.7</td></tr><tr><td>Savings and other domestic time deposits</td><td>5,147</td><td>4,242</td><td>905</td><td>21.3</td><td>1,297</td><td>-392</td><td>-7.1</td></tr><tr><td>Core certificates of deposit</td><td>11,637</td><td>8,206</td><td>3,431</td><td>41.8</td><td>2,315</td><td>1,116</td><td>10.6</td></tr><tr><td>Total core deposits</td><td>31,975</td><td>26,188</td><td>5,787</td><td>22.1</td><td>5,755</td><td>32</td><td>0.1</td></tr><tr><td>Other deposits</td><td>5,861</td><td>4,878</td><td>983</td><td>20.2</td><td>672</td><td>311</td><td>5.6</td></tr><tr><td>Total deposits</td><td>$37,836</td><td>$31,066</td><td>$6,770</td><td>21.8%</td><td>$6,427</td><td>$343</td><td>0.9%</td></tr></table>
<table><tr><td>Property</td><td>Partner</td><td>Ownership Interest</td><td>Economic Interest</td><td>Square Feet</td><td>Acquired</td><td>Acquisition Price<sup>-1</sup></td></tr><tr><td>1221 Avenue of the Americas<sup>-2</sup></td><td>RGII</td><td>45.00%</td><td>45.00%</td><td>2,550</td><td>12/03</td><td>$1,000,000</td></tr><tr><td>1515 Broadway<sup>-3</sup></td><td>SITQ</td><td>55.00%</td><td>68.45%</td><td>1,750</td><td>05/02</td><td>$483,500</td></tr><tr><td>100 Park Avenue</td><td>Prudential</td><td>49.90%</td><td>49.90%</td><td>834</td><td>02/00</td><td>$95,800</td></tr><tr><td>379 West Broadway</td><td>Sutton</td><td>45.00%</td><td>45.00%</td><td>62</td><td>12/05</td><td>$19,750</td></tr><tr><td>21 West 34<sup>th</sup>Street<sup>-4</sup></td><td>Sutton</td><td>50.00%</td><td>50.00%</td><td>30</td><td>07/05</td><td>$22,400</td></tr><tr><td>800 Third Avenue<sup>-5</sup></td><td>Private Investors</td><td>42.95%</td><td>42.95%</td><td>526</td><td>12/06</td><td>$285,000</td></tr><tr><td>521 Fifth Avenue</td><td>CIF</td><td>50.10%</td><td>50.10%</td><td>460</td><td>12/06</td><td>$240,000</td></tr><tr><td>One Court Square</td><td>JP Morgan</td><td>30.00%</td><td>30.00%</td><td>1,402</td><td>01/07</td><td>$533,500</td></tr><tr><td>1604-1610 Broadway<sup>-6</sup></td><td>Onyx/Sutton</td><td>45.00%</td><td>63.00%</td><td>30</td><td>11/05</td><td>$4,400</td></tr><tr><td>1745 Broadway<sup>-7</sup></td><td>Witkoff/SITQ/Lehman Bros.</td><td>32.26%</td><td>32.26%</td><td>674</td><td>04/07</td><td>$520,000</td></tr><tr><td>1 and 2 Jericho Plaza</td><td>Onyx/Credit Suisse</td><td>20.26%</td><td>20.26%</td><td>640</td><td>04/07</td><td>$210,000</td></tr><tr><td>2 Herald Square<sup>-8</sup></td><td>Gramercy</td><td>55.00%</td><td>55.00%</td><td>354</td><td>04/07</td><td>$225,000</td></tr><tr><td>885 Third Avenue<sup>-9</sup></td><td>Gramercy</td><td>55.00%</td><td>55.00%</td><td>607</td><td>07/07</td><td>$317,000</td></tr><tr><td>16 Court Street</td><td>CIF</td><td>35.00%</td><td>35.00%</td><td>318</td><td>07/07</td><td>$107,500</td></tr><tr><td>The Meadows<sup>-10</sup></td><td>Onyx</td><td>50.00%</td><td>50.00%</td><td>582</td><td>09/07</td><td>$111,500</td></tr><tr><td>388 and 390 Greenwich Street<sup>-11</sup></td><td>SITQ</td><td>50.60%</td><td>50.60%</td><td>2,600</td><td>12/07</td><td>$1,575,000</td></tr><tr><td>27-29 West 34<sup>th</sup>Street<sup>-12</sup></td><td>Sutton</td><td>50.00%</td><td>50.00%</td><td>41</td><td>01/06</td><td>$30,000</td></tr><tr><td>1551-1555 Broadway<sup>-13</sup></td><td>Sutton</td><td>10.00%</td><td>10.00%</td><td>26</td><td>07/05</td><td>$80,100</td></tr><tr><td>717 Fifth Avenue<sup>-14</sup></td><td>Sutton/Nakash</td><td>32.75%</td><td>32.75%</td><td>120</td><td>09/06</td><td>$251,900</td></tr></table>

Question: In the year with largest amount of Commercial for Commitments to extend credit, what's the increasing rate of Commercial and industrial for Loans/Leases?
Answer: 0.27755
Reasoning program: subtract(13588,10636), divide(#0,10636)