SunTrust 2011 Annual Report Download - page 198
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Please find page 198 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)
182
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”). Transfers into and out of the fair value hierarchy levels are assumed to be as of the end of the quarter in which
the transfer occurred. None of the transfers into or out of level 3 have been the result of using alternative valuation approaches to
estimate fair values.
(Dollars in millions)
Assets:
Trading assets:
MBS - private
CDO/CLO
securities
ABS
Equity securities
Total trading assets
Securities AFS:
U.S. states and
political
subdivisions
MBS - private
ABS
Corporate and
other debt
securities
Other equity
securities
Total securities AFS
LHFS:
Residential loans
Corporate and
other loans
LHFI
Other assets/
(liabilities), net
Liabilities
Derivative
contracts
Fair Value Measurements
Using Significant Unobservable Inputs
Beginning
balance
January 1,
2011
$6
53
27
123
209
74
347
20
5
690
1,136
2
5
492
(24)
(145)
Included
in
earnings
$1
26
9
13
49
1
(8)
—
—
—
(7)
(1)
(1)
14
349
2
2
3
4
5
6
7
5
3
OCI
$—
—
—
—
—
(2)
2
—
—
—
—
—
—
—
—
(46)
8
Purchases
$—
6
—
—
6
—
—
—
—
198
198
—
—
—
—
—
Sales
($5)
(21)
(31)
—
(57)
(4)
—
—
—
—
(4)
(18)
—
—
—
—
Settlements
($1)
(1)
—
(136)
(138)
(11)
(71)
(4)
—
(147)
(233)
(1)
(4)
(59)
8
—
Transfers
to other
balance
sheet
line items
$—
(20)
—
(20)
(49)
(49)
(1)
—
(13)
(271)
—
Transfers
into
Level 3
—
—
23
—
—
—
—
Transfers
out of
Level 3
$—
—
—
—
—
—
(3)
—
(1)
—
Fair value
December
31,
2011
$1
43
5
—
49
58
221
16
5
741
1,041
1
—
433
62
(189)
Included in
earnings
(held at
December
31, 2011) 1
($1)
9
2
—
10
—
(6)
—
—
—
(6)
—
—
(1)
—
2
2
3
4
7
3
1 Change in unrealized gains/(losses) included in earnings during the period related to financial assets still held at December 31, 2011.
2 Amounts included in earnings do not include losses accrued as a result of the ARS settlements discussed in Note 20, "Contingencies."
3 Amounts included in earnings are recorded in trading income/(loss).
4 Amounts included in earnings are recorded in net securities gains.
5 Amounts included in earnings are net of issuances, fair value changes, and expirations and are recorded in mortgage production related (loss)/income.
6 Amounts included in earnings are recorded in other noninterest income.
7 Amounts are generally included in mortgage production related (loss)/income, however, the mark on certain fair value loans is included in trading income/(loss).
8 Amount 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.”