SunTrust 2011 Annual Report Download - page 178
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Please find page 178 of the 2011 SunTrust annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Notes to Consolidated Financial Statements (Continued)
162
The impacts of derivatives on the Consolidated Statements of Income/(Loss) and the Consolidated Statements of Shareholders’
Equity for the year ended December 31, 2010 are presented below:
(Dollars in millions)
Derivatives in cash flow hedging relationships
Equity contracts hedging Securities AFS
Interest rate contracts hedging Floating rate loans
Total
Year Ended December 31, 2010
Amount of pre-tax gain
recognized in
OCI on Derivatives
(Effective Portion)
($101)
903
$802
Classification of gain
reclassified from
AOCI into Income
(Effective Portion)
Interest and fees on loans
Amount of pre-tax gain
reclassified from
AOCI into Income
(Effective Portion) 1
$—
487
$487
1 During the year ended December 31, 2010, the Company also 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.
(Dollars in millions)
Derivatives not designated as hedging instruments
Interest rate contracts covering:
Fixed rate debt
Corporate bonds and loans
MSRs
LHFS, IRLCs, LHFI-FV
Trading activity
Foreign exchange rate contracts covering:
Foreign-denominated debt and commercial loans
Trading activity
Credit contracts covering:
Loans
Trading activity
Equity contracts - trading activity
Other contracts:
IRLCs
Total
Classification of gain/(loss)
recognized in Income on Derivatives
Trading income/(loss)
Trading income/(loss)
Mortgage servicing related income
Mortgage production related (loss)/income
Trading income/(loss)
Trading income/(loss)
Trading income/(loss)
Trading income/(loss)
Trading income/(loss)
Trading income/(loss)
Mortgage production related (loss)/income
Amount of gain/(loss)
recognized in Income
on Derivatives for the
Year Ended
December 30, 2010
($64)
(1)
444
(176)
304
(94)
7
(2)
10
(53)
392
$767
The impacts of derivatives on the Consolidated Statements of Income/(Loss) and the Consolidated Statements of Shareholders’
Equity for the year ended December 31, 2009 are presented below:
(Dollars in millions)
Derivatives in cash flow hedging relationships
Equity contracts hedging Securities AFS
Interest rate contracts hedging:
Floating rate loans
Floating rate CDs
Floating rate debt
Total
Year Ended December 31, 2009
Amount of pre-tax gain/(loss)
recognized in
OCI on Derivatives
(Effective Portion)
($296)
99
(1)
—
($198)
Classification of gain/(loss)
reclassified from
AOCI into Income
(Effective Portion)
Interest and fees on loans
Interest on deposits
Interest on long-term debt
Amount of pre-tax gain/(loss)
reclassified from
AOCI into Income
(Effective Portion) 1
$—
503
(47)
(1)
$455
1 During 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.