Huntington National Bank 2011 Annual Report Download - page 199

Assets and Liabilities measured at fair value on a recurring basis
Assets and liabilities measured at fair value on a recurring basis at December 31, 2011 and 2010 are
summarized below.
Fair Value Measurements at Reporting Date Using Netting
Adjustments (1)
Balance at
December 31,
2011Level 1 Level 2 Level 3
(dollar amounts in thousands)
Assets
Mortgage loans held for sale ..... $ — $ 343,588 $ — $ — $ 343,588
Trading account securities:
U.S. Treasury securities ....... — — — — —
Federal agencies: Mortgage-
backed ................... — 5,541 — — 5,541
Federal agencies: Other
agencies ................. — — — — —
Municipal securities .......... — 8,147 — — 8,147
Other securities .............. 32,085 126 — — 32,211
32,085 13,814 — — 45,899
Available-for-sale and other
securities:
U.S. Treasury securities ....... 53,204 — — — 53,204
Federal agencies: Mortgage-
backed (2) ................ — 4,464,892 — — 4,464,892
TLGP securities ............. — — — — —
Federal agencies: Other
agencies ................. — 735,544 — — 735,544
Municipal securities .......... — 312,634 95,092 — 407,726
Private-label CMO ........... — — 72,364 — 72,364
Asset-backed securities ....... — 845,390 121,698 — 967,088
Covered bonds .............. — 504,045 — — 504,045
Corporate debt .............. — 528,883 — — 528,883
Other securities .............. 53,619 4,134 — — 57,753
106,823 7,395,522 289,154 — 7,791,499
Automobile loans .............. — — 296,250 — 296,250
MSRs ....................... — — 65,001 — 65,001
Derivative assets ............... 4,886 485,428 6,770 (94,082) 403,002
Liabilities
Securitization trust notes
payable .................... — 123,039 — — 123,039
Derivative liabilities ............ 12,245 246,132 6,939 — 265,316
Other liabilities ................ — 751 — — 751
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