Comerica 2009 Annual Report Download - page 93
Download and view the complete annual report
Please find page 93 of the 2009 Comerica annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
 |
 |
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Comerica Incorporated and Subsidiaries
The table below presents the income statement classification of realized and unrealized gains and losses due
to changes in fair value recorded in earnings for the years ended December 31, 2009 and 2008 for recurring
Level 3 assets and liabilities, as shown in the previous table.
Net Securities Other Noninterest Discontinued
Gains (Losses) Income Operations Total
Realized Unrealized Realized Unrealized Realized Unrealized Realized Unrealized
(in millions)
Year Ended December 31, 2009
Investment securities
available-for-sale:
Other corporate debt securities . . $ — $— $ — $— $ — $ 2 $ — $ 2
Auction-rate preferred securities . 14—————14—
Total investment securities
available-for-sale ........ 14———— 214 2
Derivative assets (warrants) ...... —— — 4 ——— 4
Other liabilities .............. (2) — — — — — (2) —
Year Ended December 31, 2008
Investment securities
available-for-sale:
Other corporate debt securities . . $— $— $ — $— $ — $ 4 $— $ 4
Auction-rate preferred securities . 4 — — — — — 4 —
Total investment securities
available-for-sale ........ 4 — — — — 4 4 4
Derivative assets (warrants) ...... — — 2 (9) — — 2 (9)
Other liabilities .............. — (5) — — — — — (5)
Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis
The Corporation may be required, from time to time, to record certain assets and liabilities at fair value on a
nonrecurring basis. These include assets that are recorded at the lower of cost or fair value that were recognized
91