SunTrust 2010 Annual Report Download - page 122
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SUNTRUST BANKS, INC.
Notes to Consolidated Financial Statements (Continued)
Note 5 - Securities Available for Sale
Securities AFS at December 31 were as follows:
December 31, 2010
(Dollars in millions)
Amortized
Cost
Unrealized
Gains
Unrealized
Losses
Fair
Value
U.S. Treasury securities $5,446 $115 $45 $5,516
Federal agency securities 1,883 19 7 1,895
U.S. states and political subdivisions 565 17 3 579
RMBS - agency 14,014 372 28 14,358
RMBS - private 378 3 34 347
CDO securities 50 - - 50
ABS 798 15 5 808
Corporate and other debt securities 464 19 1 482
Coke common stock - 1,973 - 1,973
Other equity securities1886 1 - 887
Total securities AFS $24,484 $2,534 $123 $26,895
December 31, 2009
(Dollars in millions)
Amortized
Cost
Unrealized
Gains
Unrealized
Losses
Fair
Value
U.S. Treasury securities $5,206 $1 $30 $5,177
Federal agency securities 2,733 13 9 2,737
U.S. states and political subdivisions 928 28 11 945
RMBS - agency 15,705 273 62 15,916
RMBS - private 472 1 95 378
ABS 310 10 5 315
Corporate and other debt securities 505 10 3 512
Coke common stock - 1,710 - 1,710
Other equity securities1786 1 - 787
Total securities AFS $26,645 $2,047 $215 $28,477
1At December 31, 2010, other equity securities included $298 million in FHLB of Atlanta stock (par value), $391 million in Federal Reserve
Bank stock (par value), and $197 million in mutual fund investments (par value). At December 31, 2009, other equity securities included
$343 million in FHLB of Cincinnati and FHLB of Atlanta stock (par value), $361 million in Federal Reserve Bank stock (par value), and $82
million in mutual fund investments (par value).
Securities AFS that were pledged to secure public deposits, repurchase agreements, trusts, and other funds had a fair value of
$6.9 billion as of December 31, 2010. Further, under The Agreements, the Company has pledged its shares of Coke common
stock, which is hedged with derivative instruments, as discussed in Note 17, “Derivative Financial Instruments,” to the
Consolidated Financial Statements.
The amortized cost and fair value of investments in debt securities at December 31, 2010 by estimated average life are shown
below. Actual cash flows may differ from estimated average lives and contractual maturities because borrowers may have the
right to call or prepay obligations with or without call or prepayment penalties.
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