SunTrust 2010 Annual Report Download - page 169

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SUNTRUST BANKS, INC.
Notes to Consolidated Financial Statements (Continued)
Year Ended December 31, 2010
(Dollars in millions)
Derivatives in cash flow hedging relationships
Amount of pre-tax gain/(loss)
recognized in OCI on Derivatives
(Effective Portion)
Classification of gain/(loss)
reclassified from AOCI into Income
(Effective Portion)
Amount of pre-tax gain/(loss)
reclassified from AOCI into Income
(Effective Portion) 1
Equity contracts hedging:
Securities AFS ($101) $-
Interest rate contracts hedging:
Floating rate loans 903 Interest and fees on loans 487
Total $802 $487
(Dollars in millions)
Derivatives not designated as hedging
instruments
Classification of gain/(loss) recognized in Income on
Derivatives Amount of gain/(loss) recognized in Income on
Derivatives for the year ended December 31, 2010
Interest rate contracts covering:
Fixed rate debt Trading account profits/(losses) and commissions ($64)
Corporate bonds and loans Trading account profits/(losses) and commissions (1)
MSRs Mortgage servicing related income 444
LHFS, IRLCs, LHFI-FV Mortgage production related income (176)
Trading activity Trading account profits/(losses) and commissions 304
Foreign exchange rate contracts covering:
Foreign-denominated debt and
commercial loans Trading account profits/(losses) and commissions (94)
Trading activity Trading account profits/(losses) and commissions 7
Credit contracts covering:
Loans Trading account profits/(losses) and commissions (2)
Other Trading account profits/(losses) and commissions 10
Equity contracts – trading activity Trading account profits/(losses) and commissions (53)
Other contracts:
IRLCs Mortgage production related income 392
Total $767
1During the year ended December 31, 2010, the Company reclassified $130 million in pre-tax gains from AOCI into net interest income. These gains related
to hedging relationships that have been previously terminated or de-designated.
Year Ended December 31, 2009
(Dollars in millions)
Derivatives in cash flow hedging
relationships
Amount of pre-tax gain/(loss)
recognized in OCI on Derivatives
(Effective Portion)
Classification of gain/(loss)
reclassified from AOCI into Income
(Effective Portion)
Amount of pre-tax gain/(loss)
reclassified from AOCI into Income
(Effective Portion) 1
Equity contracts hedging:
Securities AFS ($296) $ -
Interest rate contracts hedging:
Floating rate loans 99 Interest and fees on loans 503
Floating rate CDs (1) Interest on deposits (47)
Floating rate debt - Interest on long-term debt (1)
Total ($198) $455
(Dollars in millions)
Derivatives not designated as hedging
instruments
Classification of gain/(loss) recognized in Income on
Derivatives
Amount of gain/(loss) recognized in
Income on Derivatives for the year
ended December 31, 2009
Interest rate contracts covering:
Fixed rate debt Trading account profits/(losses) and commissions ($61)
Corporate bonds and loans Trading account profits/(losses) and commissions 7
MSRs Mortgage servicing related income (88)
LHFS, IRLCs, LHFI-FV Mortgage production related income (75)
Trading activity Trading account profits/(losses) and commissions 46
Foreign exchange rate contracts covering:
Foreign-denominated debt and
commercial loans Trading account profits/(losses) and commissions 72
Trading activity Trading account profits/(losses) and commissions (4)
Credit contracts covering:
Loans Trading account profits/(losses) and commissions (20)
Equity contracts – trading activity Trading account profits/(losses) and commissions 23
Other contracts:
IRLCs Mortgage production related income 630
Trading activity Trading account profits/(losses) and commissions 3
Total $533
1During the year ended December 31, 2009, the Company reclassified $31 million in pre-tax gains from AOCI into net interest income. These gains related
to hedging relationships that have been previously terminated or de-designated.
153