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The firm also wrote down the value of loans and loan commitments by $877 million.
One strategy is to gather Greek deposits to match the value of loans outstanding.
In some cases it is having to write down the value of loans by almost 90%.
Nick said in his witness statement he had personal wealth — his assets minus the value of loans — of £194m.
The value of loans being written does not set a ceiling on the amount of losses they can generate.
Mr Obama wants to triple the value of loans for new nuclear plants the government is offering to guarantee.
Additionally, the government will encourage lenders to write down the value of loans held by borrowers in modification programs.
Those rules concern when, and how, banks should write down the value of loans on their books.
The loan backing from the Air Transportation Stabilization Board covers 90percentt of the total value of loans sought by both carriers.
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It generally allowed banks to ignore market values of loans, as they wished.
Reflecting the declining value of mortgages made previously, the company adjusted the values of loans on its books, recording charges of almost $900 million against those in its inventory or still in its pipeline at the end of the quarter.
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