SunTrust 2010 Annual Report Download - page 35
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with our trading portfolio are affected by many factors, including interest rate volatility, volatility in capital markets, and
other economic factors. Our return on such investments and trading have in the past experienced, and will likely in the future
experience, volatility and such volatility may materially adversely affect our financial condition and results of operations.
Additionally, accounting regulations may require us to record a charge prior to the actual realization of a loss when market
valuations of such securities are impaired and such impairment is considered to be other than temporary.
We may enter into transactions with off-balance sheet affiliates or our subsidiaries.
We engage in a variety of transactions with off-balance sheet entities with which we are affiliated. While we have no
obligation, contractual or otherwise, to do so, under certain limited circumstances, these transactions may involve providing
some form of financial support to these entities. Any such actions may cause us to recognize current or future gains or losses.
Depending on the nature and magnitude of any transaction we enter into with off-balance sheet entities, accounting rules may
require us to consolidate the financial results of these entities with our financial results.
Item 1B. UNRESOLVED STAFF COMMENTS
None.
Item 2. PROPERTIES
The Company’s headquarters is located in Atlanta, Georgia. As of December 31, 2010, the Bank owned 613 of its 1,668 full-
service banking offices and leased the remaining banking offices. (See Note 8, “Premises and Equipment,” to the
Consolidated Financial Statements for further discussion of its properties.)
Item 3. LEGAL PROCEEDINGS
The Company and its subsidiaries are parties to numerous claims and lawsuits arising in the normal course of its business
activities, some of which involve claims for substantial amounts. Although the ultimate outcome of these suits cannot be
ascertained at this time, it is the opinion of management that none of these matters, when resolved, will have a material effect
on the Company’s consolidated results of operations, cash flows, or financial condition. For additional information, see also
Note 21, “Contingencies,” to the Consolidated Financial Statements, which is incorporated into this Item 3 by reference.
Item 4. (REMOVED AND RESERVED)
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