SunTrust 2010 Annual Report Download - page 191

SUNTRUST BANKS, INC.
Notes to Consolidated Financial Statements (Continued)
The following tables show a reconciliation of the beginning and ending balances for fair valued assets and liabilities
measured on a recurring basis using significant unobservable inputs (other than MSRs which are disclosed in Note 9,
“Goodwill and Other Intangible Assets,” to the Consolidated Financial Statements):
Fair Value Measurements Using Significant Unobservable Inputs
(Dollars in millions)
Ending
balance
December 31,
2009 Reclassifications
Beginning
balance
January 1,
2010
Included
in
earnings OCI
Purchases,
sales,
issuances,
settlements,
maturities
paydowns,
net
Transfers
to/from
other
balance
sheet line
items
Transfers
into
Level 3
Transfers
out of
Level 3
Fair value
December 31,
2010
Change in unrealized
gains/(losses)
included in earnings
for the year ended
December 31, 2010
related to financial
assets still held at
December 31, 2010
Assets
Trading assets
U.S. states and political
subdivisions $7 $- $7 $1 5$- ($8) $- $- $- $- $-
MBS – private 14 (8) 6 10 - (36) 35 7- (9) 6 (1)
CDO securities 175 - 175 49 5- (109) (60) 7- (2) 53 13 5
ABS -51519
5- (3) 2 7, 9 - (32) 27 (2) 5
Corporate and other debt
securities 25 (25) - - - ---- - -
Equity securities 151 - 151 8 5- (36) - - - 123 3
Other 18 (18) - - - ---- - -
Total trading assets 390 - 390 77 1- (192) (23) - (43) 209 13 1
Securities AFS
U.S. states and political
subdivisions 132 - 132 3 52 (63) - - - 74 -
RMBS – private 407 (29) 378 (2) 64 (93) - - - 347 (2)
ABS - 102 102 4 5- 7 - - (93) 20 -
Corporate and other debt
securities 78 (73) 5 - - ---- 5 -
Other equity securities 705 - 705 - - (15) - - - 690 -
Total securities AFS 1,322 - 1,322 5 266 (164) - - (93) 1,136 (2) 2
LHFS 151 (151) - - - ---- - -
Residential loans - 142 142 (4) 3- (89) (118) 75 (4) 2 -
Corporate and other
loans - 9 9 (2) 8- (2) - - - 5 (2) 8
LHFI 449 - 449 3 4- (57) 100 (3) - 492 (5) 4
Other assets/(liabilities),
net (35) - (35) 392 3- 17 (398) - - (24) -
Liabilities
Trading liabilities (46) - (46) 2 1(101) 6---- (145) -
1Amounts included in earnings are recorded in trading account profits/(losses) and commissions.
2Amounts included in earnings are recorded in net securities gains.
3Amounts included in earnings are net of issuances, fair value changes, and expirations and are recorded in mortgage production related income.
4Amounts are generally included in mortgage production related income, however, the mark on certain fair value loans is included in trading account profits/(losses) and
commissions.
5Amounts included in earnings do not include losses accrued as a result of the ARS settlement discussed in Note 21, “Contingencies,” to the Consolidated Financial Statements.
6Amount recorded in OCI is the effective portion of the cash flow hedges related to the Company’s probable forecasted sale of its shares of Coke common stock as discussed in
Note 17, “Derivative Financial Instruments,” to the Consolidated Financial Statements.
7Amounts related to collateral received in connection with the liquidation of the SIV.
8Amounts included in earnings are recorded in other noninterest income.
9Residual interest in student loan SPE eliminated upon consolidation.
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